San Francisco tech had a big week with companies achieving unicorn status and raising venture capital. These companies are continuing to innovate and change the tech scene as they grow. This is the Built In SF weekly refresh.
Density gained unicorn status. Density received $125 million in venture capital financing, valuing the unicorn at $1.05 billion. The company’s growth has skyrocketed in the past year, with plans to continue expanding following its latest funding round. Density’s platform helps companies plan and manage their office space using depth sensors and deep learning algorithms. [Built In SF]
DoorDash announced plans to acquire Wolt. The delivery company will acquire Finland-based food delivery company Wolt. Tony Xu, co-founder and CEO of DoorDash, said the acquisition will help DoorDash accelerate its product development. The deal was valued at $8.1 billion. [TechCrunch]
SF TECH QUOTE OF THE WEEK
SafeBreach gained $53.5M. The latest funding will help SafeBreach expand its market reach and products. SafeBreach uses cyberattack simulation software to protect the data of the remote workforce and identifies weak points across systems as the software simulates hacker methods. [Built In SF]
Landing AI raised $57M. The company raised $57 million in a Series A funding round led by McRock Capital. Landing AI’s machine learning operations (MLOps) platform uses digital tools to help manufacturers find product defects and solve visual inspection problems. The funding will help expand Landing AI’s platform and hire additional team members, with 11 positions open now. [Built In SF]
In more VC funding news: You.com landed $20 million in a seed funding round. The startup provides people with an alternate search engine that has a different look compared to search engines like Google and DuckDuckGo. [TechCrunch]
Seasoned raised $18.7M to continue developing its app that helps restaurants and restaurant workers network. [TechCrunch]
