San Francisco-based business intelligence company Collective Health has secured $205 million in Series E funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 17 and led by SoftBank.
According to its Crunchbase profile, "Collective Health gives companies a smarter alternative to traditional health insurance. Through a cloud-based, integrated health benefits platform, the company enables self-insured employers to get more out of their healthcare investment while taking better care of their people. Collective Health has seen exponential traction in the $1.2 trillion employer-sponsored insurance market — its membership has grown by 500x in just three sales cycles."
The six-year-old company has raised four previous funding rounds, including a $110 million Series D round in 2018.
The round brings total funding raised by San Francisco companies in information technology over the past month to $414 million, an increase of $99 million from the month before. The local information technology industry has produced 283 funding rounds over the past year, securing a total of $5.7 billion in venture funding.
In other local funding news, aquaculture company Aquabyte announced a $10 million Series A funding round on June 11, led by Costanoa Ventures.
According to Crunchbase, "Aquabyte builds machine learning products for aquaculture (fish) farms. Aquabyte was founded in 2017 to bring machine learning and computer vision technologies to the aquaculture industry. Our diverse team of machine learning experts, entrepreneurs and aquaculture biologists are hyperfocused on delivering solutions with a real-world impact."
The company also raised a $3.5 million seed round in 2018.
Meanwhile, quality assurance company Testim raised $10 million in Series B funding, announced on June 12. The round's investors were led by SignalFire.
From the company's Crunchbase profile, "Testim makes it easy for developers and testers to become automation experts, making quality an organization-wide initiative and powering developers to own code quality."
TESTIM last raised $5.6 million in Series A funding in 2017.
Also of note, smart cities company Swiftly raised $10 million in Series A funding, announced on June 7 and led by Aster.
From Crunchbase, "Swiftly develops enterprise software that helps transit agencies and cities improve urban mobility. Built by transportation experts for transportation professionals, the Swiftly platform harnesses billions of data points and sophisticated algorithms to improve transit system performance, service reliability and real-time passenger information. Swiftly’s technology platform is installed in over 50 cities from coast to coast, improving transportation services for millions of riders each day."
The company previously raised $1 million in seed funding in 2018.
Rounding out the city's recent top local funding events, fitness company Future raised $8.5 million in Series A funding, announced on May 23 and led by Kleiner Perkins.
From Crunchbase, "Future pairs you with one of the best coaches on Earth. They have trained pro athletes, Hollywood celebs and thousands of working professionals."
The company previously raised $3 million in seed funding in 2018.
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