San Francisco

Vlocity tops San Francisco's recent software industry investments

San Francisco's software industry is raking in new investment, with 65 local companies securing venture capital. New funding rounds were recently announced by software firms Vlocity, Sauce Labs, Amitree, Gem and Instawork, according to company database Crunchbase.

Vlocity topped the city's recent funding headlines by announcing a $60 million Series C round on March 26, led by Salesforce Ventures.

According to its Crunchbase profile, "Vlocity is a leader in industry-specific cloud and mobile software, driving digital transformation for the world’s largest companies. A Forbes Cloud 100 company, Vlocity is an 'industry cloud' pioneer built in partnership with Salesforce, the global leader in CRM. Vlocity’s cloud and mobile applications transform customer processes and experiences in the communications and media, insurance and financial services, health, energy and utilities, and government and non-profit industries."

The five-year-old company has raised two previous funding rounds, including a $50 million Series B round in 2016.

Next up, Sauce Labs raised $50 million in funding, in a round announced on March 26 and financed by Riverwood Capital.

According to Crunchbase, "Sauce Labs provides cloud-based testing for mobile and web applications. It offers Sauce Headless, a testing solution that provides cloud-based headless browser testing on containers. Sauce Labs provides automated browser, selenium, JS unit, automated mobile, manual testing and platform testing services."

Founded in 2008, the company has raised five previous rounds, including a $70 million round in 2016.

Meanwhile, Amitree raised $9.3 million in Series B funding, announced on March 15. The round's investors were led by NAB Ventures.

From the company's Crunchbase profile, "Amitree Folio transforms the chaos of business email into an AI-powered deal organizer, project manager and virtual assistant. We’re on a mission to transform the way people work, allowing them to focus on the human parts of their business while letting the machine take care of all the tedious, manual administrative work. We make email not suck, for the first time."

Amitree last raised $7.1 million in Series A funding in 2017.

Also of note, recruiting company Gem raised $9 million in Series A funding, announced on March 12.

From Crunchbase, "Gem (previously ZenSourcer) is an all-in-one recruiting platform that integrates with LinkedIn, Gmail and Outlook, and your ATS. It enables world-class recruiting teams to find, engage and nurture top talent. Recruiters use Gem to build lists of people to reach out to, find an email and automate follow-ups."

The company previously raised $2 million in seed funding in 2017.

Rounding out the city's top local funding events, recrui company Instawork raised $8.2 million in Series A funding, announced on February 27 and financed by Benchmark.

From Crunchbase, "Instawork is the fastest growing career marketplace for hospitality professionals. We've changed how traditional recruiting works for small businesses (e.g a sign on the window) by turning the process into an automated matching solution. Our vision is to create economic opportunity for local businesses and professionals, globally."

The company previously raised $1.8 million in seed funding in 2015.

Across the industry, San Francisco-based software companies have raised $1.4 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.


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