San Francisco

San Francisco funding news: Artificial intelligence, health care and media top recent investments

San Francisco-based productivity tools company Grammarly has secured $90 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Oct. 10.

According to its Crunchbase profile, "Grammarly’s digital writing assistant helps more than 20 million people write more clearly and effectively every day. Grammarly works to empower users whenever and wherever they communicate, building a product that scales through multiple platforms and devices."

The 10-year-old company also raised a $110 million round in 2017.

The round brings total funding raised by San Francisco companies in artificial intelligence over the past month to $856 million, an increase of $770 million from the month before. The local artificial intelligence industry has seen 242 funding rounds over the past year, raking in a total of $5 billion in venture funding.

In other local funding news, biopharma company Aeovian Pharmaceuticals announced a $37 million Series A funding round on Oct. 3, led by Sofinnova Investments.

According to Crunchbase, "Aeovian Pharmaceuticals Inc. is a San Francisco Bay Area-based biopharmaceutical company aiming to discover, develop and commercialize innovative therapeutics for the treatment of rare and age-related diseases."

The company also raised a seed round in 2017.

Meanwhile, content delivery network and CMS company Contentstack raised $31 million in Series A funding, announced on Oct. 8. The round's investors were led by Insight Partners.

From the company's Crunchbase profile: "Contentstack develops a cloud-based content management system intended to power omnichannel content, digital experiences and personalized customer journeys. The company's system uses marketing and analytics tools to manage, deploy and publish content across channels, enabling customers to reach their audience anywhere."

Contentstack last raised seed funding in 2018.

Also of note, robotics company Osaro raised $16 million in Series B funding, announced on Oct. 3 and led by King River Capital.

From Crunchbase: "Osaro creates machine intelligence software that combines state-of-the-art perception with powerful adaptive decision-making abilities to help computer and robotic systems act efficiently and intelligently."

The company previously raised $10 million in Series A funding in 2017.

Rounding out the city's recent top local funding events, travel accommodations and rental property company WanderJaunt raised $15 million in Series B funding, announced on Sept. 17 and led by Founders Fund.

From Crunchbase, "WanderJaunt offers technology-enabled property management solutions for travelers, homeowners and accommodations from around the world."

The company previously raised $9 million in Series A 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.


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