Good day. After long serving as ground zero for tech companies to roll out new products without any government oversight or input, San Francisco has said "enough." 

The city where Uber, Lyft and Airbnb started will create an Office of Emerging Technology, a one-stop shop that tech companies will have to work with—before unleashing technology on the public. The office aims to control future unruly deployments, like those seen from ride-hailing and electric-scooter startups.

“I am often incredibly impressed by the ingenuity of start-ups and the pace of technological innovation,” county supervisor Norman Yee wrote in announcing the new office. "But technology should serve the public’s best interests, not the other way around."

As cities across the country grapple with how to control emerging technology, it remains to be seen whether San Francisco’s move serves as a bellwether.

And now on to the news...

LinkedIn for energy. RigUp Inc., which runs a marketplace for contract workers in the energy sector, surged to a $1.9 billion valuation with a new funding, WSJ Pro’s Yuliya Chernova reports exclusively. With the new financing, RigUp’s valuation has grown some 10 times since existing investors Founders Fund and Bedrock Capital co-led its Series B a year ago.

• Andreessen Horowitz led the $300 million Series D financing in the Austin, Texas-based startup, using its recently formed late-stage fund.
   
• David George, a general partner at Andreessen Horowitz who is joining RigUp’s board, said he came across the startup while looking for companies that could compete with LinkedIn. “We feel the way to go attack LinkedIn is through deep vertical specialization,” Mr. George said.
   
• RigUp connects independent contractors such as heavy-equipment operators, maintenance workers and solar-panel installers with jobs in energy sectors such as oil and gas and renewables. Hiring companies include BP PLC and Parsley Energy Inc.

Bio partner. Andreessen Horowitz has hired a new general partner to invest in health care, as the venture firm responds to an increasing number of startups entering the sector, WSJ Pro’s Heather Mack reports. Julie Yoo joins general partners Jorge Conde and Vijay Pande as the third partner investing out of the firm’s bio fund, which backs early-stage startups in life sciences, biotechnology, digital health and health-care services.

Diabetes startup. ImmunoMolecular Therapeutics Inc. has raised $10 million to develop drugs that stop the progression of Type 1 diabetes and other autoimmune diseases, WSJ Pro's Brian Gormley reports. Biotech companies are seeking new treatments for Type 1 diabetes, a condition in which the immune system destroys insulin-making cells. Patients now manage the disease by taking insulin.

AI funding. Clari Inc., a provider of an artificial intelligence-based sales and marketing platform, raised an additional $60 million to bring its total funding to $135 million, WSJ Pro's John McCormick reports. The Sunnyvale, Calif., software company developed a machine-learning system that allows businesses to better forecast and manage their sales and marketing. Sapphire Ventures led the round with participation from new investor Madrona Venture Group and existing backers Sequoia Capital, Bain Capital Ventures and Tenaya Capital.

The nearly 5-year-old Exploding Kittens Inc. says it will use the new investment, from an affiliate of former News Corp. executive Peter Chernin’s investment firm TCG, to develop more products, hire more employees and explore possible entertainment options, the Journal's Ethan Millman reports.

Cannabis market analyst New Frontier Data Inc. agreed to acquire Zefyr Inc., a data discovery and profiling platform for the cannabis industry, for an undisclosed sum. Washington-based New Frontier counts Phyto Partners and Verte Capital among its investors.

Bessemer Venture Partners has formally stepped into the growth equity arena, unveiling a $525 million fund specifically tailored to late-stage startups. Bessemer’s growth team will target investments of as much as $250 million in companies they see as able to become sustainable $10 billion businesses. But the firm said it has been making growth investments since its inception, most recently in more than a half-dozen companies, including ACV Auctions Inc., a provider of online wholesale auctions for car dealers, and Toast Inc., which produces wireless point-of-sale systems and management software for restaurants.

Facebook CEO to testify at House panel about Libra. Mark Zuckerberg will be asked about Facebook’s foray into cryptocurrency and its impact on the financial-services sector.

Goldman Sachs evaluating role as sponsor for Megvii Technology’s IPO. On Tuesday, Megvii said that the direct business impact of being added to the U.S. entity list is expected to be minimal.

Senator seeks review of acquisition by TikTok owner. Marco Rubio says the platform’s moderators are censoring content to appease Beijing.

Apple angers China by approving cop-tracking map app for Hong Kong. Critics say the app, which relies on contributors to submit feeds, will help protesters commit crimes and evade arrest.

China has an apology playbook. The NBA has another idea.      

Emerging technologies hit a barrier In privacy laws. Governments should think about consequences before banning new tech, say participants at the Nasdaq-NCSA cyber summit.

Reporter’s notebook: The NCSA-Nasdaq summit. Insights on the government’s role in cybersecurity, how 5G will shake up IT, and quantum computing’s impact on encryption. 

A hard lesson in Silicon Valley: Profits matter. (NYTimes)

China’s startup employees are pushing back against a relentless work culture. (Bloomberg)

How to remove human bias from predictive modeling. (Knowledge@Wharton)

Rent the Runway says it’s open again. (Bloomberg)

One Medical has hired banks ahead of an IPO. (CNBC)

Neighborly tells employees it can’t make payroll. (Bloomberg)

Doctors offer diagnoses and treatments via text. (AP)

Grover, a Berlin subscription-based consumer electronics rental startup, raised €41 million ($45 million) in pre-Series B equity and debt funding. The €11 million ($12.1 million) equity portion was led by Augmentum Fintech, with support from existing investors coparion, Circularity Capital, Main Incubator and Samsung Next. Debt was provided by Varengold Bank.

Parsley Health, a New York-based holistic personalized medicine startup, scored $26 million in Series B funding. White Star Capital led the round, and was joined by investors including FirstMark Capital, Amplo, Alpha Edison Partners, Arkitekt Ventures and Galaxy Digital.

Satelles Inc., a Redwood City, Calif.- and Herndon, Va.-based provider of secure time and location services using low-earth-orbit satellites, picked up $26 million in Series C financing led by C5 Capital. 

Emplify, a Fishers, Ind.-based maker of employee surveys, landed a $15 million investment. Edison Partners led the Series B round, with participation from Allos Ventures, Cultivation Capital and others.

Wild Type, a San Francisco-based sustainable meat startup, snagged a $12.5 million investment. CRV led the funding, with contributions from Maven Ventures, Spark Capital and Root Ventures. CRV’s George Zachary joined the company's board.

Papa, a Miami-based startup that provides "grandkids on demand” to seniors, completed a $10 million Series A round. Canaan Partners led the round, with Principal Byron Ling joining the company's board. Pivotal Ventures, Initialized Capital, Y Combinator and Sound Ventures also participated.

U.S. Venture Partners promoted Dafina Toncheva to general partner. She joined USVP in 2012 and focuses on enterprise software-as-a-service applications and cybersecurity investments at the firm. Ms. Toncheva previously held positions in software development and product management at Microsoft.

We cover venture capital and the global startup ecosystem. WSJ Pro Venture Capital is a premium service of The Wall Street Journal. Share your tips, comments and questions: vcnews@wsj.com

The Team: Tomio Geron, Yuliya Chernova, Brian Gormley, Heather Mack, Katie Roof and Marc Vartabedian.

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