San Francisco-based natural language processing and image recognition company Enlitic has secured $15 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion, announced April 4, was led by Marubeni Corporation.
According to its Crunchbase profile, "Enlitic Inc. is a pioneer in medical deep learning that leverages proprietary algorithms to quickly and accurately improve healthcare diagnoses. With a platform developed by renowned data scientists, machine learning practitioners, and medical experts, Enlitic is able to analyze a wide variety of healthcare data sources, including billions of clinical cases, to improve diagnostic accuracy, speed and patient outcomes, as well as accelerate pharmaceutical research and drug trials."
The five-year-old startup has raised two previous funding rounds, including a $10 million Series A round in 2015.
The round brings total funding raised by San Francisco companies in software over the past month to $1.6 billion. The local software industry has seen 725 funding rounds over the past year, securing a total of $20 billion in venture funding.
In other local funding news, corporate training company Torch Leadership Labs announced a $10 million Series A funding round on April 3, led by Norwest Venture Partners.
According to Crunchbase, "Torch was founded by a team of executive coaches and experienced psychologists who are passionate about helping senior leaders perform at their highest level. Torch is on a mission to empower leaders build high growth, high-performance cultures by building the awareness and skills required to manage and lead effectively. Our proven model blends human intelligence and digital technology to accelerate talent development and deliver measurable leadership outcomes."
The company also raised a $2.4 million seed round in 2017.
Meanwhile, telecommunications company Teridion raised $9 million in Series B funding, announced on April 4. The round's investors were led by Jerusalem Venture Partners (JVP).
From the company's Crunchbase profile, "Teridion empowers SaaS and content providers to deliver a user experience uncompromised by Internet congestion without additional infrastructure. Tridion's KumoX service creates on-demand fast lanes that speed application traffic by 10 times over standard Internet, providing users with a responsive and secure experience anywhere in the world, on any device. KumoX uses machine learning to dynamically choose the optimal path in real time across a dozen leading public cloud networks, delivering the performance, agility and high availability customers demand."
Teridion last raised $6 million in funding in 2017.
Also of note, food and beverage company 4505 Meats raised $8.4 million in Series B funding, announced on April 5.
From Crunchbase, "Chef and butcher Ryan Farr founded 4505 Meats as a whole-animal meat company in 2009 with immeasurable help from family and friends. 4505 Meats began with a singular product of meaty deliciousness: the mighty chicharron. Today, we partner with small farmers and ranchers to produce the highest quality all-natural pork rinds on the market."
The company previously raised funding in 2017.
Rounding out the city's recent top local funding events, therapeutics company Physera raised $8 million in Series A funding, announced on March 13 and financed by BlueCross BlueShield Venture Partners.
From Crunchbase, "Physera provides direct access to world-class physical therapists with personalized exercise programs for convenient and low-cost treatment of musculoskeletal pain. Its founding team brings expertise in consumer technology, data science and healthcare to deliver personalized care plans for individuals — and customized data for medical experts — to transform the way pain is treated."
The company previously raised $2.8 million in seed funding in 2017.
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