The Xconomy SF Six: Funding for Alchemist Accelerator, Doximity, & More
Here are the top six things we’re paying attention to in the San Francisco tech scene this week.
–Weight Watchers International has acquired Wello, the fitness training via two-way video startup. The terms of the deal were not disclosed, but Wello’s team will continue to operate from San Francisco.
–Earlier this week, Doximity, the social network for doctors, announced a $54 million Series C fundraising round co-led by DFJ and funds and accounts managed by T. Rowe Price Associates. The company claims to already have “a membership larger than that of the American Medical Association.” Total funding is now at $81 million.
–Apigee, the San Jose-based developer of an enterprise-grade API management platform, announced a new $60 million funding round, with investors including Pine River Capital Management and Wellington Management Company. To date, the company has raised $171 million.
–Yesterday, MyFitnessPal announced a new feature for its popular app. Steps will take advantage of the iPhone 5S’s M7 chip, allowing users to track activity without using a secondary device. The capability could present a challenge to makers of activity tracking devices like Jawbone Up and Fitbit.
–Marketing cloud technology company Unified has acquired San Francisco-based startup awe.sm, a social media measurement platform that quantifies how things like comments and sharing lead to business goals like sign-ups and purchases. The terms of the deal were not disclosed.
–Thanks to funding from Cisco Investments, Ravi Belani’s Alchemist Accelerator is branching out beyond enterprise startups to include startups focused on the Internet of Things. Five IoT companies are currently in the accelerator, and Alchemist says it plans to take 20 more this year.