4 San Diego Tech Companies Recently Raised a Collective $453M

Learn which companies nabbed these large funding rounds and which are hiring.

Written by Cassidy Ritter
Published on Dec. 15, 2022
4 San Diego Tech Companies Recently Raised a Collective $453M
Photo: Shutterstock

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

  1. Drata
  2. Shield AI
  3. PowerFlex
  4. Pack

 

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. 

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