San Francisco

Scale nets $100 million, plus more funding news for San Francisco software companies

San Francisco's software industry is on a roll with investors, with 63 local companies securing venture capital. New funding rounds were recently announced by software companies Scale, Webflow, Pathstream, Truework and Dgraph Labs, according to company database Crunchbase.

Scale topped the city's recent funding headlines by announcing a $100 million Series C round on Aug. 5, led by Founders Fund.

According to its Crunchbase profile, "Scale accelerates the development of AI applications by helping computer vision teams generate high-quality ground truth data. Our advanced LiDAR, video and image annotation APIs allow self-driving, drone, and robotics teams at companies like Waymo, OpenAI, Lyft, Zoox, Pinterest and Airbnb focus on building differentiated models."

The three-year-old startup has raised three previous funding rounds, including a $18 million Series B round in 2018.

Next up, Webflow raised $72 million in Series A funding, in a round announced on Aug. 6 and led by Accel.

According to Crunchbase, "Webflow is the first design and hosting platform built from the ground up for the mobile age. Webflow allows the user to design, build and launch responsive websites visually, while writing clean, semantic code. It is the only hosted service that allows designers to create websites that work on every device and to push to live production without a developer."

Founded in 2012, the company has raised two previous rounds, including a $2.9 million seed round in 2014.

Meanwhile, Pathstream raised $12 million in Series A funding, announced on Aug. 8. The round's investors were led by TDM Partners.

From the company's Crunchbase profile: "Pathstream is a web-based platform for teaching in-demand tech skills for work. Pathstream partners with industry-leading tech companies and higher education institutions to transform digital skills learning. The company's platform allows students to immediately access pre-configured, project-based instruction, realistic workplace simulations and on-demand coaching."

Pathstream last raised $1 million in seed funding in 2018.

Also of note, software company Truework raised $12 million in Series A funding, announced on July 30 and led by Sequoia Capital.

From Crunchbase: "Truework's mission is to make organizations more productive through modern workflows. They started Truework to give employers and employees control over their own data. Their goal is to help HR teams become more efficient, secure and transparent."

The company previously raised $2.9 million in seed funding in 2018.

Rounding out the city's top local funding events, database company Dgraph Labs raised $11 million in Series A funding, announced on July 31 and led by Redpoint.

From Crunchbase: "Dgraph is the 'Spanner of Graph Databases.' It is an open-source, horizontally scalable and distributed graph database, providing ACID transactions, consistent replication and linearizable reads. It's built from the ground up to perform for a rich set of queries."

The company previously raised $1.8 million in seed funding in 2017.

Overall, San Francisco-based software companies have raised $2.8 billion in venture funding over the past month, and $21 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.


Never miss a story.

Subscribe today to get Hoodline delivered straight to your inbox.