San Francisco's software industry is on a roll with investors, with 69 local companies raising money. New funding rounds were recently announced by software ventures Kong, Entangled Group and Proxy, according to company database Crunchbase.
Kong topped the city's recent funding headlines by announcing a $43 million Series C round on March 28, led by Index Ventures.
According to its Crunchbase profile, "Kong is a provider of application programming interface management for companies. Kong powers API- and microservices-driven organizations with the world's [most] popular open-source API gateway and industry-leading enterprise solutions, including [the software product called] Kong."
The nine-year-old company has raised four previous funding rounds, including a $18 million Series B round in 2017.
Next up, Entangled Group raised $15 million in Series B funding, in a round announced on March 26.
According to Crunchbase, "Entangled Group is a privately held company that incubates, invests in and consults for education ecosystem startups. It also provides services to the education ecosystem including strategy consulting, expertise access, non-profit management, sales acceleration and revenue generation."
Founded in 2015, the company has raised two previous rounds, including a $4 million convertible note round in 2018.
Meanwhile, Proxy raised $13 million in Series A funding, announced on March 27. The round's investors were led by Kleiner Perkins.
From the company's Crunchbase profile: "Proxy is on a mission to empower every person on the planet with a unique identity signal they own and control. The signal, emitted from a smartphone, allows people to securely authenticate to any device or service, similar to a universal single-sign on for the physical world. Today, large enterprises like WeWork, Dropbox and Hines enable their employees, contractors, visitors and tenants to use their Proxy for frictionless access through secured doors, elevators and turnstiles, and to create personalized experiences throughout the workplace."
Proxy last raised $1.6 million in seed funding in 2016.
Overall, San Francisco-based software companies have raised $1.5 billion in venture funding over the past month, and $19 billion over the past year.
This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.
