May is off to a strong start with these 10 startups leading the way for the Bay Area tech community with new funding announced last week.
Robinhood secured $280M. The fintech company’s Series F places it at an $8.3 billion valuation. The round was led by existing investor Sequoia Capital along with participation from NEA, Ribbit Capital, 9Yards Capital and Unusual Ventures. [Robinhood]
Lime squeezes in $170M. The micromobility app has joined forces with Uber to offer more social distancing-friendly travel options. This marks Uber’s second investment in the company since 2018. [Built In SF]
Sensor Tower grabs $45M. Riverwood Capital led the latest round for the mobile app analytics company. The company’s annual recurring revenue grew 65 percent year-over-year in 2019. [Built In SF]
Covariant raised $40M. The Berkeley-based robotics startup closed its Series B, led by Index Ventures. The company is actively working toward building universal AI that enables robots to see, reason and interact with the world around them. [Built In SF]
Near Protocol secured $21M. The smart contract platform is backed by a public blockchain that allows for multiple developers to test, build and deploy applications at once. The round was led by Andreessen Horowitz’s crypto fund. [Built In SF]
Groove grabs $12M. The sales engagement platform closed its Series A. The round was led by Level Equity followed by additional participation from Capital One Ventures, Uncork Capital and Quest Venture Partners. [PRWeb]
Workstream got $10M. The hiring and onboarding platform incorporates a video-conferencing feature so that hiring managers have the ability to conduct interviews remotely. [Built In SF]
Treasury Prime raised $9M. The latest round for the bank API developer was led by SaaStr and NYCA Partners. Its total funding now accumulates to $11.5 million. [Finextra]
Braid Health secured $9M. The latest round for the digital health company, led by Lux Capital, will go toward the development of AI-powered diagnostic tools for radiology. Additional investors 01 Advisors and Rucker Park Capital also joined the round. [Finsmes]
Emtrain grabs $8M. The online workplace culture platform helps companies identify, diagnose and prevent possible issues in the workplace. Emtrain’s AI can identify problems with power dynamics and unconscious biases that may affect employee productivity. [PRNewswire]
