San Francisco's software industry is pulling in new investment, with 61 local companies securing venture capital. New funding rounds were recently announced by software ventures Algolia, Sisu, Lattice and LEAD, according to company database Crunchbase.
Algolia topped the city's recent funding headlines by announcing a $110 million Series C round on Oct. 15.
According to its Crunchbase profile, "Algolia is the most reliable platform for building searches. Our hosted search API supplies the building blocks for creating great search to connect your users with what matters most to them."
The seven-year-old company has raised six previous funding rounds, including a secondary market round in 2017.
Next up, Sisu raised $52 million in Series B funding, in a round announced on Oct. 16 and led by New Enterprise Associates.
According to Crunchbase, "Sisu is the fastest and most comprehensive diagnostic platform for structured data. Based on years of research at Stanford University and proven at scale at Microsoft, Facebook and Google, Sisu’s diagnostic analytics platform combines machine learning and powerful statistical analysis to help anyone get answers to their toughest business questions."
The company also raised a $14 million Series A round in 2018.
Also of note, enterprise applications company Lattice raised $25 million in Series C funding, announced on Oct. 11 and financed by Tiger Global Management.
From Crunchbase: "Lattice is the people management platform that empowers people leaders to build engaged, high-performing teams.
The company previously raised $15 million in Series B funding earlier this year.
Rounding out the city's top local funding events, productivity tools company LEAD raised funding, announced on Sept. 22 and financed by Alchemist Accelerator.
From Crunchbase, "LEAD focuses on providing employee engagement solutions. It offers an AI-powered platform for workplace culture development and measurement. LEAD empowers employees to make connections with co-workers, building real-life friendships and mentorship."
The company previously raised seed funding earlier this year.
In total, San Francisco-based software companies have raised $1.9 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.
