I think you're missing the point that a lot of big tech companies are moving there. Google has 500 employees there and Uber has hundreds as well. I think that using the amount of VC funding a city receives as a measure of how hot its tech is doing is a bit misleading.

Also to compare anywhere against the Bay Area doesn't make sense. The Bay Area is obviously going to beat out everywhere else. It's like someone saying that they built a pretty big wall and then coming in and saying "Yeah but look how big the Great Wall of China is."