As usual, the Bay Area had a big week in tech with several companies getting their horn and others raising millions right before the end of the year. Read on to learn how these companies are spending their fresh capital. This is the Built In SF weekly refresh.
Tipalti gained $270M. The Series F funding round brought the company’s valuation to $8.3 billion. Tipalti handles accounts payable and mass pay workflows for major companies like Roku, Wordpress, ZipRecruiter and more. The funds will go toward adding to its product line. [PR Newswire]
Incode Technologies became a unicorn. The company raised $220 million in fresh financing, giving the San Francisco-based company its horn and a valuation of $1.25 billion. Incode provides security to authenticate and onboard company employees. The recent funding will be used to expand the team, with 21 positions currently open. [Built In SF]
Tradeshift raised $200M. Tradeshift has a portfolio of enterprise SaaS, marketplace and fintech products serving as a B2B marketplace helping buyers and suppliers deal with their workflows and automation. The recent funding will be used to continue these visions and scale the company. [TechCrunch]
SF TECH QUOTE OF THE WEEK
Anyscale got its horn. Anyscale raised $100 million in a Series C funding round. The new funding gives the company unicorn status at valuation of $1 billion. Anyscale is an AI app building platform striving to help developers at different stages. The company is looking to hire for 26 roles spanning engineering, product and sales. [Built In SF]
FastAF gained $200M. FastAF is a quick retail seller that recently launched its own delivery service. The Series A funding round will be used to expand the brand’s reach into other markets and accelerate growth. [PR Newswire]
Nearside brought in $58M. Nearside, formerly known as Hatch, is an online banking system that offers free checking accounts to small and midsize businesses. Nearside also offers a debit card program with universal one percent cash back and five percent cash back with big merchants such as Amazon and Walmart. The funding raised will go toward expanding its product offerings, such as a loan program. [Built In SF]
Ontra appointed a new VP of engineering. Ontra appointed Chi Hoang as the company’s VP of engineering. Ontra is a contract automation and intelligence platform provided to lawyers to streamline and automize legal workflows. [Yahoo]
In more VC funding news: Hummingbird, a provider of anti-money laundering software, gained $30 million Series B funding. [Tech Crunch]
HR automated communication platform Sense raised $50M, bringing its valuation up to $500 million. [Built In SF]
