Companies in San Francisco Raised Over $585M in May of 2020!

Funding raised by Technology Startup Companies in San Francisco

The year 2020 has been quite the roller coaster due to COVID-19. The economic landscape has been anything but optimistic over the past few months, and with the unemployment rate at the highest since the Great Depression, people are looking for the light at the end of the tunnel. Luckily, it seems like we’re getting closer to that light.

During May of 2020, companies in San Francisco alone raised over $585M in funding! That number is extraordinary. When companies raise money, a portion of the amount is invested into opening new jobs and scaling the team. We at Karma Search have already seen an increase in the amount of job openings over the past month, and with these funding statistics, the number is going to be rising even more over the next few months. Below are the companies we’re celebrating!

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Company: Sensor Tower
Website: www.sensortower.com
Funding Date: May 4th, 2020
Funding Type: Private Equity Round
Funding Amount: $45M
Address: 275 Battery St., San Francisco, CA 94111
Overview from their Crunchbase profile:

Sensor Tower offers solution[s] for mobile marketers, app developers, and industry analysts who demand superior competitive insights into the mobile economy and are seeking to increase app downloads through app store optimization. It serve[s] independent and Fortune 500 customers alike, spanning the mobile games, travel, music, finance, ecommerce, and entertainment markets. Our suite consists of free, SMB, and Enterprise level solutions including Store Intelligence, Usage Intelligence, Ad Intelligence, and App Intelligence.”

Company: Carbon Health
Website: www.carbonhealth.com
Funding Date: May 11th, 2020
Funding Type: Series B
Funding Amount: $28M
Address: 55 Pacific Avenue Suite 100 San Francisco, CA United States
Overview from their Crunchbase profile:

Carbon Health is the technology-enabled healthcare provider designed from the ground up to put patient-care first. By combining technology with modern clinics, it delivers a uniquely seamless experience from virtual care to in-person care to meet patients where they are. Through its end-to-end technology platform that dramatically improves clinical efficiency, Carbon Health has rebuilt care delivery to enable physicians to focus on care and spend more time with their patients. 

Patient experience is further enhanced through the Carbon Health mobile app where patients can easily see all of their health records, book appointments, make payments or conduct a video visit from anywhere. With a team of engineers, designers and expert physicians, Carbon Health removes the boundaries to high-quality, transparent and personal care and envisions making patient-centric, world-class care accessible and a reality for everyone. Carbon Health is headquartered in San Francisco with clinics across California.”

Company: Coalition
Website: www.coalitioninc.com
Funding Date: May 20th, 2020
Funding Type: Series C
Funding Amount: $90M
Address: 1160 Battery Street, Suite 350, San Francisco, CA 94111
Overview from their Crunchbase profile:

Coalition is the provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage in all 50 states and the District of Columbia, as well as CAD $20M of coverage across all 10 provinces in Canada. Coalition’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks.”

Company: Omada Health
Website: www.omadahealth.com
Funding Date: May 19th, 2020
Funding Type: Venture – Series Unknown
Funding Amount: $57M
Address: 500 Sansome St. #200, San Francisco, CA 94111
Overview from their Crunchbase profile:

Omada Health is a digital care company that offers innovative and clinically effective digital health programs to empower individuals to engage in their health and lead healthier lives. The program is personalized to meet each participant’s unique needs as they evolve, ranging from diabetes prevention, type 2 diabetes management, hypertension, behavioral health, and musculoskeletal issues. Omada combines professional health coaching, connected health devices, real-time data and personalized feedback to deliver clinically meaningful results. The company is the largest CDC-recognized provider of the National Diabetes Prevention Program.”

Company: MasterClass
Website: www.masterclass.com
Funding Date: May 20th, 2020
Funding Type: Series C
Funding Amount: $100M
Address: 475 Brannan St Ste 220, San Francisco, CA 94107
Overview from their Crunchbase profile:

MasterClass is the premier online education platform redefining the digital learning experience by bringing world-class experts and renowned instructors to students globally through a cutting-edge technology platform meant to distill knowledge and create meaningful experiences through online video.

MasterClass works closely with its instructors including Jane Goodall, Martin Scorsese, Christina Aguilera, James Patterson, Usher, Annie Leibovitz, and Serena Williams to develop a thoughtful combination of audio, video, interactive assignment and materials, Q&A sessions, peer review, and other learning materials for an immersive experience that’s exclusive to MasterClass. MasterClass was founded by David Rogier and Aaron Rasmussen and is headquartered in San Francisco. To browse current and upcoming classes or to learn more, please visit www.masterclass.com.”

Company: Human Interest
Website: www.humaninterest.com
Funding Date: May 20th, 2020
Funding Type: Series C
Funding Amount: $10M
Address: 655 Montgomery St #1800, San Francisco, CA 94111
Overview from their Crunchbase profile:

Human Interest is an online service and tool that helps small businesses and startups set up 401(k) plans for their employees. It encourages employers to safeguard the financial futures of their employees. It enables businesses of any size to set up and administer a 401(k) plan online with an automated investment advising component (via Human Interest Advisors, LLC) to help employees make better financial decisions about their savings.

Human Interest also helps employees become more educated about the best available choices. They are an automated, paperless 401(k) that reduces all administrative burden for their customers. The company [is] creating an easy system for small and medium businesses to begin offering a 401(k) to employees. Human Interest was formerly known as Captain401.”

Company: Imperfect Foods
Website: www.imperfectfoods.com
Funding Date: May 20th, 2020
Funding Type: Series C
Funding Amount: $72M
Address: 1616 Donner Avenue, San Francisco, CA 94124
Overview from their Crunchbase profile:

“Imperfect Foods provides grocery delivery service rescuing and redistributing food across multiple grocery categories – including produce, shelf-stable goods, dairy, meat and seafood. Imperfect Foods has remained hyper focused on eliminating food waste and supporting farmers and producers when it comes to excess and imperfect products. The company now rescues and redistributes food across multiple grocery categories – including produce, shelf-stable goods, dairy, meat and seafood. Its performance and agility during the COVID-19 pandemic illustrates that this mission-driven model is poised for success in the long term.”

Company: GoodData
Website: www.gooddata.com
Funding Date: May 20th, 2020
Funding Type: Venture – Series Unknown
Funding Amount: Amount Unknown
Address: 1 Post Street, Suite 400, San Francisco, CA 94104
Overview from their Crunchbase profile:

“GoodData provides the platform and expertise for enterprises to create Smart Business Applications that harness your existing data to help you automate, recommend and take better business actions faster and with more reliability. They drive competitive value, performance, and profit by significantly enhancing the data-driven business processes across the enterprise and its business ecosystem by bringing analytics to the point-of-work.

Their clients include enterprises like Penton that need to deliver revenue-generating data products to their clients and software companies like Zendesk that market their own Smart Business Applications using GoodData.

GoodData is headquartered in San Francisco and is backed by Andreessen Horowitz, General Catalyst Partners, Intel Capital, TOTVS, and others. For more information visit their website and follow GoodData on Twitter and LinkedIn.”

Company: Truework
Website: www.truework.com
Funding Date: May 20th, 2020
Funding Type: Series B
Funding Amount: $30M
Address: 325 Pacific Ave, San Francisco, CA 94111
Overview from their Crunchbase profile:

Truework is a platform for employment and income verification that puts consumers in control of their personal data. The system digitizes the verification process for HR departments, banks, and others, to make it fast and secure for employees to get verified when applying for a loan, jobs, or apartment rental. Truework’s network of over 40,000 lenders, and background check companies, and other verifiers completes thousands of employment and income verifications every day. The employer network includes nearly 100 enterprise companies and more than 20,000 small businesses across all industries, from healthcare to technology, including The College Board, The Real Real, Oscar Health, The Motley Fool, and Tuft & Needle.”

Company: VergeSense
Website: www.vergesense.com
Funding Date: May 21st, 2020
Funding Type: Venture – Series Unknown
Funding Amount: $9M
Overview from their Crunchbase profile:

VergeSense is a Y Combinator-backed startup that develops an AI-powered sensing device for facility management. The sensor-as-a-system platform consists of sensing devices containing a series of different sensor hardware, including an image sensor, coupled with a cloud platform for pre-training machine learning models that run on the hardware, process data and report occupancy analysis back to VergeSense’s cloud.”

Company: RapidAPI
Website: www.rapidapi.com
Funding Date: May 21st, 2020
Funding Type: Series B
Funding Amount: $25M
Address: 2 Shaw Alley, San Francisco, CA 94105
Overview from their Crunchbase profile:

RapidAPI, the world’s largest API Marketplace, is used by over one million developers to find, test, and connect to thousands of APIs — all with a single account, API key, and SDK. Software development teams can also collaborate on APIs using RapidAPI for Teams. RapidAPI for Teams offers a common workspace to publish internal APIs and share public API subscriptions. In turn, organizations can use RapidAPI to create a centralized hub environment to help developers reuse and connect to existing APIs faster while providing IT with enterprise-wide visibility and governance of API consumption.”

Company: Deel
Website: www.letsdeel.com
Funding Date: May 21st, 2020
Funding Type: Series A
Funding Amount: $14M
Address: 650 2nd Street, San Francisco, CA 94107
Overview from their Crunchbase profile:

“Deel is the first payroll platform for remote teams that connects localized compliance and payments in one system of record and automates everything.

Our goal is to offer every company that hires remote talents with a one-stop-shop that makes onboarding, global compliance, and payments a piece of cake. Talent is everywhere; opportunities should be too.”

Company: Amplitude
Website: www.amplitude.com
Funding Date: May 21st, 2020
Funding Type: Series E
Funding Amount: $50M
Address: 631 Howard Street, Floor 5 San Francisco, CA 94105
Overview from their Crunchbase profile:

“Amplitude is the product intelligence platform that helps companies use their customer data to build great product experiences for systematic business growth. Headquartered in San Francisco with offices in New York, London, Paris, Amsterdam, and Singapore, Amplitude is the cross-platform intelligence solution of choice for modern product and growth teams. Amplitude serves over 30,000 teams at companies like Microsoft, Twitter, Adidas, CapitalOne, NBC, Hubspot, and Procter & Gamble.”

Company: Fundbox
Website: www.fundbox.com
Funding Date: May 26th, 2020
Funding Type: Series C
Funding Amount: $20M
Address: 300 Montgomery Street, Suite 900, San Francisco, CA 94104
Overview from their Crunchbase profile:

“Fundbox is a technology platform focused on disrupting the $21 trillion B2B commerce market by building the B2B payment and credit network. With Fundbox, sellers (of all sizes) can quickly increase average order volumes (AOV) and improve close rates by offering more competitive net terms and payment plans to their SMB buyers.

With heavy investments in machine learning and the ability to quickly analyze the transactional data of SMB’s, Fundbox is reimagining B2B payments and credit products in new category-defining ways.

Fundbox was founded on 2013 and is headquartered in San Francisco, California.”

Company: Siren
Website: www.siren.care
Funding Date: May 27th, 2020
Funding Type: Series B
Funding Amount: $11.8M
Address: 1256 Folsom St., San Francisco, CA 94103
Overview from their Crunchbase profile:

Siren has built a novel way to embed electronics directly inside of fabric to create smart textiles that are flexible, washable, and seamless; and can be produced on standard weaving machines. Our first product is a real-time injury detecting sock to help diabetics prevent amputations.”

Company: Arterys
Website: www.arterys.com
Funding Date: May 29th, 2020
Funding Type: Series C
Funding Amount: $28M
Address: 51 Federal Street, San Francisco, CA 94107
Overview from their Crunchbase profile:

Arterys is the market leader and the world’s first internet platform for medical imaging. Its objective is to transform healthcare by transforming radiology. The Arterys platform is 100% web-based, AI-powered, and FDA-cleared, unlocking simple clinical solutions.

Company: Magic
Website: www.magic.link
Funding Date: May 29th, 2020
Funding Type: Seed Round
Funding Amount: $4M
Address: 396 Townsend Street, San Francisco, CA 94107
Overview from their Crunchbase profile:

Magic aims to make passwordless the gold standard for online applications. Magic is the bridge to a more secure and authentic Internet, and authentication is just the beginning. By leveraging future-proof PKI and identity technology under-the-hood, Magic also lets developers tap into new infrastructures such as IPFS and blockchain — unlocking endless possibilities and innovative business models.”

At Karma Search LLC, we partner with tech startups to hire Technology and Creative individuals. Whether your tech startup is looking to hire a Software Engineer or another Technology or Creative candidate, we’ve got you covered.

Schedule a call with us today for a customized hiring strategy session catered to your tech startup. We work with tech startups across the US, including Des Moines, Chicago, Minneapolis, Boston, New York City, Austin, Indianapolis, Portland, Seattle, San Francisco, Denver, St. Louis, Kansas City, and more. www.trykarmasearch.com

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