We are only halfway through December and the San Diego tech scene is buzzing following the latest venture capital raises. In the last 15 days, four local tech companies have raised a total of $453 million. From cybersecurity to clean energy, several of these companies are also hiring.
Largest San Diego Tech Funding Rounds in December 2022
- Shield AI
Pack: $3 million, December 13
Led by Norwest Venture Partners, Pack’s $3 million seed round brings its total capital raised to $6 million since is founding in 2019. San Diego-based Pack helps businesses create personalized shopping experiences with its front-end, headless commerce solution. The fresh capital will help improve Pack’s platform and user experience, grow its strategic relationships and more.
PowerFlex: $100 million, December 13
Dual headquartered in San Diego and Boston, clean energy company PowerFlex offers EV charging, solar, microgrid and energy storage solutions. The recent $100 million investment will go toward the company’s PowerFlex X line of hardware and software that integrates with onsite assets to collect data. The capital will also help PowerFlex expedite the deployment of its energy solutions. PowerFlex is hiring for a handful of roles, including a senior project engineer, software engineer, payroll specialist and project coordinator.
Shield AI: $150 million, December 13
Shield AI is a defense technology company developing and building artificial intelligence-backed pilots for the U.S. Department of Defense and its allies. The company recently closed out its Series E round at $225 million, which consisted of $150 million in equity and $75 million in debt. Shield AI is hiring for various roles across its product, marketing, engineering, HR and design teams.
Drata: $200 million, December 7
Following a $200 million Series C round, tech unicorn Drata has doubled its valuation. The security and compliance automation company was valued at $1 billion in November 2021 after raising a $100 million Series B. Now, Drata is valued at $2 billion. Co-led by ICONIQ Growth and GGV Capital, the Series C funding will go toward accelerating Drata’s product development. The company is hiring across several departments, including engineering, operations and sales.