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Databricks tops San Francisco's recent software industry investments

Citywide© Photo: Glenn Carstens-Peters/Unsplash Photo: Glenn Carstens-Peters/ Unsplash

San Francisco’s software industry is pulling in new investment, with 48 local companies securing venture capital. New funding rounds were recently announced by software companies Databricks, Faire, Fountain, Everyware and CRE Simple, according to company database Crunchbase.

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Databricks topped the city’s recent funding headlines by announcing a $400 million Series F round on Oct. 22, led by Andreessen Horowitz.

According to its Crunchbase profile, “Databricks’ mission is to accelerate innovation for its customers by unifying data science, engineering and business. Founded by the team who created Apache Spark, Databricks provides a unified analytics platform for data science teams to collaborate with data engineering and lines of business to build data products. Users achieve faster time-to-value with Databricks by creating analytic workflows that go from ETL and interactive exploration to production.”

The six-year-old company has raised five previous funding rounds, including a $250 million Series E round earlier this year.

Next up, Faire raised $150 million in Series D funding, in a round announced on Oct. 30 and led by Lightspeed Venture Partners.

According to Crunchbase, “Faire helps retailers find and buy unique wholesale merchandise for their stores. The company is on a mission to revolutionize the way retailers shop for their stores, taking all the pain out of buying for store owners. Retailers can come to Faire to find unique and exciting products from hundreds of brands.”

Founded in 2017, the company has raised five previous rounds, including a $60 million Series C round in 2018.

Meanwhile, Fountain raised $23 million in Series B funding, announced on Oct. 29. The round’s investors were led by DCM Ventures.

From the company’s Crunchbase profile: “Fountain is the hiring platform for hourly workers. Fountain helps hundreds of retail, restaurant, delivery and hospitality companies hire at speed and scale.”

Fountain last raised $9.1 million in Series A funding in 2017.

Also of note, small and medium businesses company Everyware raised Series A funding, announced on Oct. 8 and led by TTV Capital.

From Crunchbase: “Everyware promotes real relationships with your customers.”

The company previously raised $1 million in angel funding in 2014.

Rounding out the city’s top local funding events, fintech company CRE Simple raised funding, announced on Oct. 16 and led by Fin Venture Capital.

From Crunchbase: “CRE Simple is a financial services company built on an intelligent lending platform that revolutionizes access to capital for commercial real estate deals. Their OneSource platform is the first cloud-based collaboration and workflow solution to intelligently connect the entire CRE finance ecosystem and improve the borrowing experience by providing speed, transparency and certainty.”

The company previously raised seed funding in 2018.

In total, San Francisco-based software companies have raised $1.5 billion in venture funding over the past monthand $20 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.