The widespread economic slowdown hasn’t ceased but neither has the Bay Area tech scene’s ability to pull in funding. Innovations abound in the Northern California region and investors continue to show their support for the solutions of the future. Read more in the Built In San Francisco Weekly Refresh.
PayZen raised $220M. The company’s software allows medical providers to offer individualized payment plans to their patients. PayZen is working to expand its solution’s reach following a $20 million equity raise led by 7wireVentures and a $200 million warehouse credit facility from Viola Credit. PayZen also plans to further product development with additional automated solutions. [Built In SF]
Tempo Automation went public. Tempo Automation developed a platform for software-accelerated electronics. The company announced its SPAC merger with ACE Convergence Acquisition Corp. and now trades common stock and warrants on the Nasdaq under respective ticker symbols “TMPO” and “TMPOW.” Tempo Automation is also currently hiring for a range of positions. [Globe Newswire]
San Francisco Tech Quote of the Week
Agtonomy was featured in Built In’s Future 5 series. Looking to make the agriculture industry safer and more sustainable, Agtonomy developed a tele-assist solution that farmers can implement with their equipment to autonomize tasks like spraying crops. The company is on the road toward commercializing its solution as it hopes to ensure the world’s growing population can be fed with healthy food. [Built In SF]
Vial raised $67M. The contract research organization works to power faster and more efficient clinical trials for biotech companies. Its solution operates three platforms for starting up sites, capturing data and recruiting patients. Vial’s Series B raise was led by General Catalyst and brings the company’s total funding to more than $100 million. [Vial]
Joy pulled in $60M. Wedding planning requires dedicated attention to detail, and Joy works to ensure couples can experience positive emotions while building out their special day. The company’s online solution enables users to build wedding websites, registries and more. With its Series B capital from General Catalyst, the company is enhancing its platform and hiring new talent. [Built In SF]
In more VC funding news: AI speech recognition tech company Deepgram raised $47 million led by Madrona to build out new natural language processing services for companies and grow its staff. [Built In SF]
Clerk, a software solution for React developers, is adding new business-centric tools to its platform following a $6.2 million seed round led by a16z. [Built In SF]
