You’re going to have to keep reading to catch up on the latest news that came out of the Bay Area tech scene, as last week was another busy week packed with nine-figure deals. This is the Built In SF weekly refresh.
The Future 5 of Bay Area tech. The Bay Area continues to impress with its wide range of tech startups, as evidenced by Built In SF’s latest cohort of up-and-coming startups named in our Q1 2022 “Future 5.” These five tech startups are ones you should watch: SaaS company Bounce, the Honeycomb app, food service company Jupiter, brand marketing app Tagg and HR company Unpacking. [Built In SF]
Wisk gained $450M. Wisk manufactures aircrafts and has been working on producing autonomous and electric taxi planes. The aircrafts are meant to carry passengers but first, they will need approval from the Federal Aviation Administration (FAA). Wisk gained $450 million from Boeing which will allow the company to grow as well as invest in marketing and manufacturing. Positions are currently available across almost all departments. [Built In SF]
Plenty got $400M. The company’s Series E round was led by new investors One Madison Group and JS Capital, with other high-profile participants like Walmart. The company uses vertical farming technology to grow clean and fresh produce from any location all year round. Its vertical indoor farming technology uses very little land and is more sustainable than other forms of farming. Previous investors include SoftBank. [Business Wire]
SAN FRANCISCO TECH QUOTE OF THE WEEK
Reputation gained $150M. Reputation raised $150 million in fresh financing in a round led by Marlin Equity Partners. The Redwood City-based company’s AI-powered platform aims to understand and measure customer experience. It recently added a new product for healthcare workers: a crisis management support toolkit to help providers communicate with patients. The funding raised will fuel global expansion, product enhancements and partnerships. [Built In SF]
Domestika gained $110M. Domestika is an online community that sells courses and tutorials on creative hobbies and services. The company’s Series D was led by Zeev Ventures and brought its valuation to $1.3 billion. The fresh capital raised will allow the company to add more languages to its course offerings and allow it to be more accessible for users. [TechCrunch]
MinIO raised $103M. Founded in 2014, MinIO provides a multi-cloud storage suite for developers. The Series B from investors including SoftBank, Dell and General Catalyst brought its valuation to $1 billion. [Globe Newswire]
In more VC funding news: Sibros, which offers a deep connected platform for different vehicle ecosystems gained $70 million that will allow the company to deploy its platform and the company's expansion. [Globe Newswire]
Cybersecurity company HackerOne identifies vulnerabilities and security risks for companies and gained $49 million to increase its go-to-market efforts and invest in research and development. [TechCrunch]
