San Francisco's software industry is raking in new investment, with 70 local companies securing venture capital. New funding rounds were recently announced by software ventures KeepTruckin, Expanse, Rippling, tray.io and Carrot Fertility, according to company database Crunchbase.
KeepTruckin topped the city's recent funding headlines by announcing a $149 million Series D round on April 23, led by Greenoaks Capital.
According to its Crunchbase profile, "KeepTruckin is a San Francisco-based startup trying to make it easier for trucking companies to manage their fleets and have their drivers legally log their hours. KeepTruckin is on a mission to improve the efficiency and profitability of America's trucking industry by building great technology products for truck drivers and fleet managers. The KeepTruckin ELD is the easiest to use and most affordable electronic logging system on the market."
The six-year-old company has raised four previous funding rounds, including a $50 million Series C round in 2018.
Next up, Expanse raised $70 million in Series C funding, in a round announced on April 9 and led by TPG Growth.
According to Crunchbase, "Expanse provides IT and security teams with visibility into their global internet attack surface, helping them discover unknown assets and reduce and manage their exposure to online threats. Expanse is trusted by some of the world’s largest enterprises and government agencies to monitor and track more than 400 million Internet- and cloud-connected assets comprising more than 10% of the global Internet. Using leading-edge collection and analysis technology, Expanse will improve any organization’s awareness and visibility to help prevent successful attacks."
Founded in 2012, the company has raised three previous rounds, including a $40 million Series B round in 2017.
Meanwhile, Rippling raised $45 million in Series A funding, announced on April 3. The round's investors were led by Kleiner Perkins.
From the company's Crunchbase profile, "Rippling is the world's first way to manage your company's HR and IT — from your team's payroll and benefits, to their computers and cloud apps — all in one, integrated system. Want to hire someone, for example? Just click a button, and Rippling can instantly: add new hires to your payroll and benefits, create their email, ship their work computer and even create their user account across all your cloud apps, like Gmail, Slack and Microsoft Office."
Rippling last raised $7 million in seed funding in 2017.
Also of note, sales automation company tray.io raised $37 million in Series B funding, announced on April 29 and led by Spark Capital.
From Crunchbase, "Tray.io believes that any organization can and should automate. With the Tray Platform, citizen automators throughout organizations can easily automate complex processes through a powerful, flexible platform, and can connect their entire cloud stack thanks to APIs. With Tray.io’s visual workflow builder our customers create automations to drive their business processes without writing a single line of code."
The company previously raised $14 million in Series A funding in 2018.
Rounding out the city's top local funding events, employee benefits and fertility company Carrot Fertility raised $11 million in Series A funding, announced on April 17 and financed by CRV.
From Crunchbase, "Carrot offers a fertility benefit for modern companies. It is focused on making fertility care easier, accessible and more affordable."
The company previously raised $3.6 million in seed funding in 2017.
In total, San Francisco-based software companies have raised $1.9 billion in venture funding over the past month, and $20 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.
