The Memorial Day holiday didn’t stand in the way of another busy week of Bay Area tech funding, led by Oakland-based Marqeta and Andreessen Horowitz-backed biotech platform Insitro. Read below for 10 of last week’s most noteworthy SF fundings.
Marqeta got $150M. The Oakland-based card issuing platform has now reached a total valuation of $4.3 billion. The new capital will be used to expand operations internationally and develop additional products. The company currently employs 425 people and operates across the United States, Canada, Europe and Australia. [Built In SF]
Insitro raised $143M. The biotech platform closed on a Series B led by Andreessen Horowitz. The company uses machine learning technology to generate predictive disease models in an effort to improve clinical strategy. [Built In SF]
Benchling grabbed $50M. The cloud-based platform for biotech research and development is used to centralize complex data sets. The company closed on its Series D led by Alkeon with additional participation from new investors Spark Capital, Lux Capital and ICONIQ Partners, among others. [Built In SF]
Arterys got $28M. The Series C round was led by Benslie Investment Group and Temasek Holdings. The medical imaging platform aims to easily integrate AI into the daily lives of clinicians. The additional capital will go toward product development. [PRNewswire]
Kentik raised $23M. The growth funding round for the network analytics company was led by Vistara Capital Partners. The new capital will go toward product development and general growth efforts. Kentik’s list of clients include Dropbox, eBay, Cisco and Zoom. [Built In SF]
Fundbox locked in $20M. The credit and payments network secured a fresh equity investment from MUFG Innovation Partners. The company has raised over $400 in venture capital since it was founded in 2013. Fundbox currently has offices in San Francisco, Dallas and Tel Aviv. [FinSMEs]
CaptivateIQ secures $13M. The Series A was led by Sequoia Capital with additional participation from existing investors Y Combinator, Amity and S28. The additional capital will be used to scale go-to-market plans and continue the development of its subscription-based sales software. [Forbes]
Enview raised $12M. The company received additional capital as a result of an oversubscribed funding round. The round was led by Statkraft Ventures and BrightCap Investors with additional participation from Ahoy Capital and existing investors Crosslink Capital and Skype Co-Founder Toivo Annus. [PRNewswire]
Siren sounded off with $11.8M. The washable smart fabrics company is creating socks intended to help those with diabetes monitor their foot health. The round was led by Anathem Ventures and backed by Khosla, DCM and Founders Fund. [TechCrunch]
Almanac grabbed $9M. The cloud-based platform for open source documents will use the additional capital raised to launch new features for its users this summer. The company also intends to grow its team of general managers and editors in order to expand upon its existing library of working documents. [Built In SF]
