Bay Area/ San Francisco

San Francisco funding news: Speech recognition, financial services top recent investments

AI Assisted Icon
Published on November 01, 2019
San Francisco funding news: Speech recognition, financial services top recent investmentsPhoto: Unsplash

San Francisco-based speech recognition company Sensely has secured $15 million in funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on Oct. 28 and led by Aflac Corporate Ventures.

According to its Crunchbase profile, "Sensely’s avatar and chatbot-based platforms assist insurance plan members and patients with the insurance services and health care resources they need, when they need it. With offices in London and San Francisco, Sensely’s global teams provide virtual assistant solutions to insurance companies, pharmaceutical clients and hospital systems worldwide."

The six-year-old company has raised five previous funding rounds, including an $8 million Series B round in 2017.

The round brings total funding raised by San Francisco companies in financial services over the past month to $205 million. The local financial services industry has seen 270 funding rounds over the past year, securing a total of $7.1 billion in venture funding.

In other local funding news, child care company Winnie announced a $9 million Series A funding round on Oct. 22, led by Rethink Impact.

According to Crunchbase, "Winnie is a marketplace for child care built on powerful data systems and backed by a trusted community of parents and providers. Parents use Winnie to discover high-quality local day cares and preschools and learn all about their programs, including detailed descriptions, photos, tuition information, licensing status, availability data and more."

Founded in 2016, the company has raised three previous rounds, including a $4 million seed round in 2018.

Meanwhile, computer vision company Umbo Computer Vision raised $8 million in funding, announced on Oct. 8. The round's investors were led by Susquehanna International Group (SIG).

From the company's Crunchbase profile: "Umbo CV is an artificial intelligence company developing cloud-first smart security cameras for enterprises. Their mission is to increase operation efficiency and to reduce the cost of ownership for businesses by bringing the entire end-to-end experience from offline to online. Places where you would see their product/services range from small offices, local stores and hotel franchises to large national retailers, city surveillance, school districts, warehouses, major transportation facilities and much more."

Umbo Computer Vision last raised $6.8 million in Series A funding in 2017.

Also of note, rental property and credit bureau company Naborly raised $7.5 million in seed funding, announced on Oct. 1 and led by First Round Capital.

From Crunchbase: "Naborly uses AI to help landlords and tenants eliminate the stress of the eviction experience by offering an inclusive credit bureau and tenant screening platform, lease protection insurance, and low-interest pay-day lending (12.5%) to help tenants get back on their feet when life throws those unexpected curveballs"

The company previously raised $1 million in angel funding in 2016.

Rounding out the city's recent top local funding events, robotics company Tonkean raised $7.2 million in seed funding, announced on Oct. 23 and led by Foundation Capital.

From Crunchbase: "Tonkean believes that people should focus on what matters. As the first operating system for operations teams, Tonkean transforms organizations with a human-in-the-loop robotic automation platform that bridges the 'Last Mile' gap between people, technology and processes. With customers like Salesforce, Microsoft, TripActions, Hopper and more, Tonkean allows organizations to drive efficiencies, empower people and scale to meet business demands."

The company previously raised non equity assistance 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.