A flurry of fresh funding and a new acquisition landed in the Bay Area tech sector last week. Several software innovators are growing their businesses with fresh capital. Read more in the Built In SF Weekly Refresh.
TripActions pulled in $304M. In the midst of the travel industry ramping back up, TripActions secured $154 million in equity capital and a $150 million structured capital transaction in its Series G round. The company developed a corporate travel solution and serves businesses like Zoom, Toast and Lyft. With its new capital, TripActions is fueling global expansion. The company opened several global offices over the past year. [Built In SF]
ForgeRock was acquired by Thoma Bravo. In a $2.3 billion transaction, ForgeRock, which develops solutions for managing and securing identities, is being acquired by software investment firm Thoma Bravo. The deal will help ForgeRock fuel platform innovation and is expected to close in the first half of 2023. [ForgeRock]
SF Tech Quote of the Week
Endor Labs raised $25M. Launching out of stealth mode with a round of seed funding, Palo Alto-based Endor Labs is working to help organizations speed up app development while avoiding security issues. Its platform for dependency lifecycle management helps developers navigate and manage their code dependencies. Endor Labs is growing its product and team with its new capital, planning to grow from 32 to over 75 employees over the next 12 months. [Built In SF]
Stairwell got $45M. With a fresh round of Series B funding, cybersecurity platform Stairwell is enhancing its product. The company’s analytics tool Inception equips security teams with actionable visibility into their company’s digital environment. Stairwell’s latest round, led by Section 32, brings its total funding to $69.5 million. [Built In SF]
EcoCart secured $14.5M. EcoCart’s solution works to help e-commerce companies operate their businesses sustainably at scale. It’s furthering its efforts with a round of Series A funding led by Fifth Wall Climate. Coming off a period of growth, the company has garnered attention from brands worldwide. EcoCart plans to expand into new e-commerce platforms and other custom builds with new API capabilities. [Globe Newswire]
In more VC funding news: Data privacy solution DataGrail grabbed $45 million in Series C funding and is “aggressively hiring.” The company has seen more than 100 percent staff growth since last September.
NocoDB raised $10.5 million in a seed round for its open-source, no-code platform that works to transform existing data sources into smart spreadsheets. Decibel and OSS Capital co-led the round.
