San Francisco tech companies raised millions in venture capital and several reached notable valuations last week. See how these companies are innovating and which companies are hiring. This is the Built In SF weekly refresh.
Reddit filed to go public. Famous communications and social media platform Reddit announced it filed with the SEC to go public. Founded in 2005, the platform was recently valued at $10 billion following a funding round earlier this year. The number and price of shares have not been made public. [Built In SF]
Anchorage Digital raised $350M. The Series D funding round values the company at more than $3 billion. Anchorage Digital provides a digital assets platform for financial institutions. The recent funding will allow the company to enhance its infrastructure solutions, simplify clients’ engagement with crypto and grow the size of its team and clientele. [FinSMEs]
SnapLogic brought in $165M. The latest funding round has brought SnapLogic to a $1 billion valuation. The new tech unicorn has built a platform to integrate apps and data for enterprises. The funding will be used to expand its product and AI technology. [TechCrunch]
SAN FRANCISCO TECH QUOTE OF THE WEEK
Airtable gained $735M. The recent funding round, led by investment firm XN, raised the company’s valuation to a whopping $11 billion. Founded in 2012, Airtable is a part of the low-code and no-code revolution, allowing users to handle workflows and share information. The company is actively hiring with nearly 100 open positions in the Bay Area. [Built In SF]
Noname Security got $135M. Noname is a cybersecurity company that is able to shield companies from the Log4J vulnerability thanks to its cloud-native software. The recent funding gave the company its horn and will be used add new elements its platform as well as hire additional team members across the board. [Built In SF]
Here are five tech sectors to watch next year. Globally, tech has seen a year of growth in many different sectors. Specific tech industries in the the Bay Area, however, have gained significant buzz this year and will likely continue to do so in 2022. The five local sectors to watch next year include HR tech, fintech, healthtech, proptech and logistics. [Built In SF]
In more VC funding news: Course Hero, the provider of online learning materials, raised $380 million in Series C funding. This brings the company’s valuation to $3.6 billion. [Yahoo News]
Replit raised $80 million for its coding platform. [SiliconAngle]
Pace, a mental health support group app, gained $18 million in a Series A funding round. [Built In SF]
