SF Startups raise $457 M
SF Venture Capital funds: $1.259 billion
The total funding raised across all SF startups and venture capital funds is approximately $1.716 billion. This includes:
Individual company funding: $457.05 million
Venture Capital funds: $1.259 billion (Headline: $865M, Costanoa Ventures: $394M)
Primary Industries
The main industries represented are:
Technology (AI, SaaS, Cloud services)
FinTech
Healthcare Tech
InsurTech
Transportation
Cybersecurity
HR Tech
Top Deals
AtoB (Transportation payments): $130 million
Ujet (Cloud contact center): $76 million
Picus Security (Security validation): $45 million
Mercor (HR Tech): $30 million
11x (AI workforce): $24 million
AtoB, a San Francisco, CA-based provider of modern payment solutions for the transportation industry, raised $130M in funding. The company raised the amount in a combined Series C equity and debt funding round, led by General Catalyst and Bloomberg Beta, with participation from Mastercard and other industry players.
Ujet, a cloud-based contact center platform, raised $76 million in Series D funding. The company plans to use the funds to expand its AI-powered tools and continue growing its business. Sapphire Ventures led the round, including KeyCorp, IonPacific, GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures.
Picus Security, a security validation company based in San Francisco, CA, raised $45M in funding. The round, which raised the total to $80M, was led by Riverwood Capital, with the participation of existing investor Earlybird Digital East Fund. The company intends to use the funds to advance product innovation and expand customer success, sales, and marketing efforts.
Mercor, an HR Tech startup, has closed a $30 million Series A funding round. The company provides an AI-powered platform that uses advanced algorithms to review resumes, conduct interviews, and connect candidates with job opportunities. Mercor intends to use the funds to expand operations and its business reach.
11x, a San Francisco, CA-based AI startup transforming the modern workforce with autonomous digital workers, raised $24M in Series A funding. The round was led by Benchmark, with participation from Quiet Capital, SV Angel, Abstract Ventures, Lux Capital, Operator Partners, Visionaries, Activant, HubSpot Ventures, Project A, 20VC, 20Growth, and 20Sales.
Distyl AI, a San Francisco-based startup founded in 2022, has secured $20 million in Series A funding at a valuation of at least $200 million. The company specializes in developing AI-powered tools to automate complex workflows for large retail, healthcare, and manufacturing enterprises. Returning investor Coatue participated in the round.
Functional Finance, a San Francisco-based FinOps platform for insurance companies, has raised $20 million in Series A funding. Walkabout Ventures led the round.
Fathom, a San Francisco, CA-based AI-powered meeting intelligence platform provider, raised $17M in Series A funding. Telescope Partners led the round. Fathom’s Seed investors included Maven Ventures, Character, Active Capital, and Rackhouse Ventures.
Arcade, a San Francisco-based AI product creation platform provider, raised $17 million in funding. Reid Hoffman and Brit Morin co-led the first round of $5 million, while Ashton Kutcher led the second round of $5 million.
Aclima, Inc., a San Francisco-based climate-tech company that has developed software and hardware for hyperlocal measurement and analysis of air pollution, toxics, and greenhouse gases (GHG), received a $13M term Loan from Leonid Capital Partners.
Mindtrip, Inc., a San Francisco-based startup founded in 2023, has secured $12 million in funding. The company leverages AI to assist travelers in planning personalized trips by generating customized itineraries and booking experiences. Mindtrip aims to streamline the entire travel planning process into a single platform. The funding round was co-led by Forerunner Ventures and Costanoa Ventures, a previous investor in Mindtrip.
SF's Letta, a generative AI startup spun out of UC Berkeley, raised $10 million in seed funding. The company aims to create a platform for developers to build and deploy AI agents with advanced memory systems. Letta Cloud, their flagship product, will offer a hosted agent service where developers can deploy stateful agents in the cloud and access them via REST APIs. The platform is designed to be "model agnostic," allowing developers to easily switch between language models and even run a single agent on multiple models.
arqu, a tech-enabled wholesale insurance brokerage company, raised $10 million in Series A funding. Crosslink Capital led the round with participation from Intact Ventures, Lightspeed Venture Partners, Foxe Capital, and Nationwide Ventures. arqu plans to use the funds to expand into new industry verticals and accelerate product development. The company will grow beyond Construction and scale into Real Estate, Energy, and Environmental in the near term, with additional verticals targeted for 2025.
Permissionless Labs, Inc. Labs raised $10 million in Series A funding to expand its permissionless content delivery network (CDN) on Solana, Pipe Network. Multicoin Capital led the round with participation from Robot Ventures, Solana Ventures, and Anatoly Yakovenko. The company plans to use the funds to recruit new employees, scale its network, and launch a private beta and testnet.
Brightband, a San Francisco-based startup specializing in AI-driven weather and climate forecasting, secured $10 million in Series A funding. The round was led by Prelude Ventures, with participation from Starshot Capital, Garage Capital, Future Back Ventures, Preston-Werner Ventures, and CLAI Ventures. Brightband is just one year old and has already made significant strides in leveraging artificial intelligence to provide accurate and timely weather predictions.
Cercle, an SF-based AI-powered women's healthcare data company, has raised $6 million in seed funding. Outsiders Fund led the round.
SF's Vana, a decentralized network for user-owned data, has raised $5 million in strategic funding. The company intends to use the funds to accelerate Vana's development and support the ecosystem of decentralized AI projects built with user-owned data.
Brisk Teaching, a San Francisco-based startup founded in 2023, has secured $5 million in seed funding. The company offers a browser extension that utilizes AI to assist teachers with tasks such as grading, lesson planning, and providing feedback. Owl Ventures led the funding round, which included additional investments from South Park Commons, Springbank Collective, Coherence Fund, and Coalition Operators.
Track3D (formerly ConstructN), a San Francisco-based startup, has secured $4.3 million in seed funding. The company's platform utilizes AI to monitor construction projects by integrating data from various sources, including site images and 3D models. Endiya Partners led the funding round, which included additional support from Shadow Ventures and Monta Vista Capital. Track3D's innovative technology aims to streamline and improve the construction project management process.
Platformatic, a cloud-native Node.js application platform, raised an additional $4.3 million seed funding. This brings their total seed funding to $7.8 million. The company plans to use the funds to accelerate product development and address enterprise teams' challenges in deploying, scaling, and securing their Node.js applications.
Opnova, an SF-based company specializing in IT, security, and compliance operations optimization, has raised $3.75 million in funding. The company intends to use the funds to expand operations and its development efforts.
Atomicwork, a modern service management platform provider, raised over $3 million in funding. The company plans to use the funds to invest in enterprise AI agents technology and expand its sales team in the United States. Founded by KIran Darisi, Vijay Rayapati, and Parsuram Vijayasankar, Atomicwork offers an AI-powered platform that automates workflows and employee support, helping businesses operate more efficiently and scale effectively.
Mako AI, a one-year-old San Francisco startup creating a virtual, AI-powered private equity associate, raised a $1.55 million seed round from Khosla Ventures.
Upfront, a San Francisco-based startup founded in 2023, has secured $1.5 million in funding. The company provides commission advances to real estate agents by partnering with their brokerages. Diagram Ventures led the funding round, which was participated in by ROC Venture Group. In addition, Upfront has obtained $1 million in debt financing. This new capital will enable Upfront to expand its operations and offer more commission advance options to real estate agents.
Censia, a SF-based provider of AI-driven talent intelligence solutions, has received an undisclosed investment from Workday Ventures. This investment will support the company's product scale, model training, customer collaboration, and Workday solutions integration. Censia's platform provides AI-powered talent information directly in Workday, enabling smarter and fairer talent decisions.
Brilliant, a global provider of corporate gifting and branded merchandise solutions, received a majority investment from New Heritage Capital. The investment, structured using Heritage's Private IPO® solution, will provide Brilliant with financial flexibility to accelerate future growth while maintaining operational control. The company plans to use the funds to expand its business reach.
Funds
Headline, a venture capital firm based in Germany and San Francisco, CA, closed Headline Global Growth IV at $865M. The fund will support companies at their growth inflection points, Series B and beyond. It includes capital commitments from KfW Capital and the European Investment Fund.
Costanoa Ventures, a San Francisco-based early-stage venture capital firm, has closed two new funds totaling $394 million. The firm has invested in startups in high-growth sectors like AI-enabled SaaS, Cybersecurity, and Fintech. With these new funds, Costanoa's total assets under management now exceed $2 billion.