Bay Area/ San Francisco

Simbe Robotics nets $26 million, plus more top funding news for San Francisco-based companies

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Published on September 19, 2019
Simbe Robotics nets $26 million, plus more top funding news for San Francisco-based companiesPhoto: Simbe Robotics/Facebook

San Francisco-based sales automation company Simbe Robotics has secured $26 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Sept. 12 and led by Venrock.

According to its Crunchbase profile, "Simbe Robotics automates the most mundane, repetitive tasks in retail execution. Its first product, Tally, performs the repetitive and laborious tasks of auditing shelves for out-of-stock items, low-stock items, misplaced items and pricing errors. Tally operates safely during normal store hours alongside shoppers and employees."

The five-year-old company has raised four previous funding rounds, including a round in 2016.

The round brings total funding raised by San Francisco companies in information technology over the past month to $306 million, an increase of $139 million from the month before. The local information technology industry has seen 323 funding rounds over the past year, capturing a total of $5.2 billion in venture funding.

In other local funding news, rental company CasaOne announced a $16 million Series B funding round on Aug. 22, led by Accel.

According to Crunchbase, "CasaOne is reimagining a fragmented, old-school industry that has completely dropped the ball on serving urban dwellers who like to access and experience, rather than own, pretty much everything."

Founded in 2017, the company has raised six previous rounds, including a $10 million Series A round in 2018.

Meanwhile, recruiting company Incredible Health raised $15 million in Series A funding, announced on Sept. 12. The round's investors were led by Andreessen Horowitz.

From the company's Crunchbase profile: "Incredible Health is a venture-backed company based in San Francisco. Top hospitals find the best full-time clinicians in less than 30 days and at scale with Incredible Health. Employers apply to candidates, instead of the other way around, through an intuitive web application."

Incredible Health last raised seed funding in 2017.

Also of note, machine learning company Myia Labs raised $10 million in Series A funding, announced on Sept. 11 and led by Mercy Virtual.

From Crunchbase: "Myia is a seamless and invisible intelligent health platform that monitors and engages patients beyond the clinical setting. Myia brings clinically valuable meaning and action to our own data."

The company previously raised $6.7 million in seed funding in 2018.

Rounding out the city's recent top local funding events, marketplace company Let’s Do This raised $5 million in seed funding, announced on Sept. 4 and led by NFX.

From Crunchbase: "Let’s Do This is a marketplace for endurance events. Find and book the best running, triathlon, cycling and obstacle events in the United Kingdom and around world. Whether it's your first 5K fun run or your tenth IronMan Triathlon, Let's Do This is the best place to find your perfect race."

The company previously raised $120,000 in seed funding in 2018.


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.