Daily Digest: Mired S.F. high-rise plans see reboot; Landlord faces eviction

July 5, 2024
Ted Andersen
San Francisco Buisness Times

Daily Digest: Mired S.F. high-rise plans see reboot; Landlord faces eviction

By Ted Andersen – Digital Editor, San Francisco Business Times

Jun 18, 2024

Updated Jun 19, 2024 3:43pm PDT

Funding Watch

South San Francisco-based Marea Therapeutics, a developer of cardiometabolic medicines, announced that it raised $190 million in Series A and B fundings from Third Rock Ventures, Sofinnova Investments, Forbion, Perceptive Xontogeny Venture Fund, venBio, AlphaWave Global, Omega Funds and Surveyor Capital. Senior Reporter Ron Leuty has the story.

San Francisco AI Factory Inc. has raised $15 million from Sequoia and other investors. Factory is a startup that uses AI to help businesses streamline coding tasks and has so far raised a total of $20 million.

SewerAI, a Walnut Creek-based AI and cloud-driven sewer condition assessment company, announced the completion of a $15 million Series B funding round led by Innovius Capital, with additional funding from Emerald VC, Epic Ventures, Suffolk Ventures, Bentley Systems, Burnt Island Ventures and notable individual investors including Zachary Bookman, founder and CEO of OpenGov, and the CEOs of several elite AI and computer vision companies.

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