San Francisco-based technology company Standard Cognition has secured $35 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 25 and led by EQT Ventures.
According to its Crunchbase profile, "Standard Cognition is an artificial intelligence platform that allows buyers to grab what they want without having to go to a cashier. It empowers consumers to shop and pay without waiting in line, scanning or stopping to check out. Available to any retailer, the solution helps reduce labor costs, improve the customer experience and improve profit margins."
The two-year-old startup has raised four previous funding rounds, including a $40 million Series A round in 2018.
The round brings total funding raised by San Francisco companies in artificial intelligence over the past month to $1.1 billion, an increase of $1 billion from the month before. The local artificial intelligence industry has produced 208 funding rounds over the past year, raking in a total of $3.8 billion in venture funding.
In other local funding news, life science company Benchling announced a $34 million Series C funding round on July 24, led by Menlo Ventures.
According to Crunchbase, "Benchling is the first modern software platform purpose-built for life science R&D. Hundreds of thousands of scientists using cutting-edge techniques, like CRISPR, CAR-T immunotherapy and genetic engineering, depend on our suite of cloud applications to design DNA, collaborate on experiments, manage research workflows and make critical R&D decisions. Benchling is powering breakthrough research on biotherapeutics, biofuels and biomaterials at leading life science companies and the world's most renowned academic labs."
Founded in 2012, the company has raised four previous rounds, including a $14 million Series B round in 2018.
Meanwhile, content discovery company Hipcamp raised $25 million in Series B funding, announced on July 25. The round's investors were led by Andreessen Horowitz.
From the company's Crunchbase profile: "Hipcamp unlocks access to private land for camping and outdoor recreation. It is a mission-driven marketplace where people can list, discover and book campsites and accommodations on private and public land. Whether it’s finding a scenic spot to pitch a tent or planning a nature-filled getaway, Hipcamp is the go-to guide to getting outside."
Hipcamp last raised $9.5 million in Series A funding in 2018.
Also of note, banking company Finix Payments raised $17 million in Series A funding, announced on July 16 and led by Bain Capital Ventures.
From Crunchbase: "Finix Payments offers a B2B payments platform for banks, acquirers and enterprises to enable push payments over the debit card."
The company previously raised funding in 2017.
Rounding out the city's recent top local funding events, risk management company Digital Shadows raised $10 million in Series C funding, announced on July 9 and led by National Australia Bank.
From the company's Crunchbase profile: "Protect your organization against digital risks across the open, deep, and dark web. "
The company previously raised $26 million in Series C funding in 2017.
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.
