Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from February 2021. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.
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10. Standard Cognition $150.0M
Round: Series C
Description: San Francisco-based Standard Cognition provides an autonomous checkout tool that can be installed into retailers’ existing stores. Founded by Brandon Ogle, Daniel Fischetti, David Valdman, John Novak, Jordan Fisher, Michael Suswal, and TJ Lutz in 2017, Standard Cognition has now raised a total of $236.1M in total equity funding and is backed by investors that include EQT Ventures, CRV, Initialized Capital, Y Combinator, and SoftBank Vision Fund.
Investors in the round: CRV, EQT Ventures, SK Networks, SoftBank Vision Fund, TI Platform Management
Industry: Artificial Intelligence, Machine Learning, Retail, Retail Technology, Shopping
Founders: Brandon Ogle, Daniel Fischetti, David Valdman, John Novak, Jordan Fisher, Michael Suswal, TJ Lutz
Founding year: 2017
Location: San Francisco
Total equity funding raised: $236.1M
10. Rad Power Bikes $150.0M
Round: Venture
Description: Seattle-based Rad Power Bikes is an electric bike manufacturer that offers direct to consumer pricing on e-bikes and accessories. Founded by Mike Radenbaugh and Tyler Collins in 2007, Rad Power Bikes has now raised a total of $175.0M in total equity funding and is backed by investors that include T. Rowe Price, Morgan Stanley, Vulcan Capital, The Rise Fund, and Fidelity Management and Research Company.
Investors in the round: Durable Capital Partners, Fidelity Management and Research Company, Morgan Stanley, T. Rowe Price, The Rise Fund, Vulcan Capital
Industry: CleanTech, Consumer Goods, Electric Vehicle, Manufacturing, Transportation
Founders: Mike Radenbaugh, Tyler Collins
Founding year: 2007
Location: Seattle
Total equity funding raised: $175.0M
10. OutSystems $150.0M
Round: Series E
Description: Boston-based OutSystems is a low-code platform that enables businesses to develop, deploy, and manage enterprise-grade apps. Founded by Paulo Rosado and Rui Pereira in 2001, OutSystems has now raised a total of $572.1M in total equity funding and is backed by investors that include Goldman Sachs, Tiger Global Management, Portugal Ventures, Armilar Venture Partners, and Kohlberg Kravis Roberts.
Investors in the round: Abdiel Capital, Armilar Venture Partners, Goldman Sachs, Guidepost Growth Equity, Kohlberg Kravis Roberts, Tiger Global Management
Industry: Data Integration, Developer Platform, Developer Tools, PaaS, SaaS, Software
Founders: Paulo Rosado, Rui Pereira
Founding year: 2001
Location: Boston
Total equity funding raised: $572.1M
10. Locus Robotics $150.0M
Round: Series E
Description: Wilmington-based Locus Robotics is a warehouse robotics company that manufactures autonomous mobile robots to support e-commerce. Founded by Bruce E. Welty in 2014, Locus Robotics has now raised a total of $249.0M in total equity funding and is backed by investors that include Prologis Ventures, Tiger Global Management, Scale Venture Partners, Bond, and Zebra Ventures.
Investors in the round: Bond, Prologis Ventures, Scale Venture Partners, Tiger Global Management
Industry: E-Commerce, Industrial Automation, Logistics, Robotics, Warehousing
Founders: Bruce E. Welty
Founding year: 2014
Location: Wilmington
Total equity funding raised: $249.0M
9. Vivino $155.0M
Round: Series D
Description: San Francisco-based Vivino is a wine app and online wine marketplace that provides users tools to buy better wine based on their unique tastes. Founded by Heini Zachariassen and Theis Sondergaard in 2010, Vivino has now raised a total of $218.8M in total equity funding and is backed by investors that include Kinnevik AB, Balderton Capital, Creandum, Sprints Capital, and PreSeed Ventures.
Investors in the round: Creandum, GP Bullhound, Kinnevik AB, Sprints Capital
Industry: Apps, Marketplace, Mobile Apps, Wine And Spirits
Founders: Heini Zachariassen, Theis Sondergaard
Founding year: 2010
Location: San Francisco
Total equity funding raised: $218.8M
8. Skydio $170.0M
Round: Series D
Description: Redwood City-based Skydio uses artificial intelligence to create flying drones that are used by consumer, enterprise, and government customers. Founded by Abraham Bachrach, Adam Bry, and Matt Donahoe in 2014, Skydio has now raised a total of $340.0M in total equity funding and is backed by investors that include Andreessen Horowitz, IVP, Accel, Next47, and Thirty Five Ventures.
Investors in the round: Andreessen Horowitz, IVP, Linse Capital, Next47, UP Partners
Industry: Artificial Intelligence, Drone Management, Drones, Robotics, Software
Founders: Abraham Bachrach, Adam Bry, Matt Donahoe
Founding year: 2014
Location: Redwood City
Total equity funding raised: $340.0M
7. Plus.ai $200.0M
Round: Series B
Description: Cupertino-based Plus develops self-driving trucks to enable large-scale commercialization of autonomous transport. Founded by David Liu, Hao Zheng, Shawn Kerrigan, and Tim Daly in 2016, Plus.ai has now raised a total of $300.0M in total equity funding and is backed by investors that include Lightspeed Venture Partners, Sequoia Capital, Manbang Group, Mayfield Fund, and Lightspeed.
Investors in the round: China Growth Capital | CGC, CPE Capital, GSR Ventures, Guotai Junan International, Hedosophia, Lightspeed, Manbang Group, Mayfield Fund, SAIC, Sequoia Capital, Wanxiang International Investment
Industry: Artificial Intelligence, Autonomous Vehicles, Logistics, Transportation
Founders: David Liu, Hao Zheng, Shawn Kerrigan, Tim Daly
Founding year: 2016
Location: Cupertino
Total equity funding raised: $300.0M
7. Highspot $200.0M
Round: Series E
Description: Seattle-based Highspot is an AI-fueled sales enablement platform that helps companies worldwide improve the performance of their sales teams. Founded by David Wortendyke, Oliver Sharp, Robert Wahbe, and Scot Gellock in 2012, Highspot has now raised a total of $394.6M in total equity funding and is backed by investors that include Salesforce Ventures, Sapphire Ventures, Tiger Global Management, Madrona Venture Group, and Shasta Ventures.
Investors in the round: Bain & Company, ICONIQ Capital, Madrona Venture Group, OpenView, Salesforce Ventures, Sapphire Ventures, Shasta Ventures, Tiger Global Management
Industry: Artificial Intelligence, Enterprise Software, SaaS, Sales Automation, Software
Founders: David Wortendyke, Oliver Sharp, Robert Wahbe, Scot Gellock
Founding year: 2012
Location: Seattle
Total equity funding raised: $394.6M
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6. Plume Design $270.0M
Round: Series E
Description: Palo Alto-based Plume is a SaaS platform that provides the delivery of technological services for connected homes. Founded by Adam Hotchkiss, Aman Singla, Fahri Diner, and Sri Nathan in 2015, Plume Design has now raised a total of $422.4M in total equity funding and is backed by investors that include Comcast, Spark Capital, Charter Communications, Insight Partners, and Qualcomm.
Investors in the round: Insight Partners
Industry: Artificial Intelligence, Machine Learning, Network Hardware, SaaS, Smart Home, Wireless
Founders: Adam Hotchkiss, Aman Singla, Fahri Diner, Sri Nathan
Founding year: 2015
Location: Palo Alto
Total equity funding raised: $422.4M
5. Reddit $367.9M
Round: Series E
Description: San Francisco-based Reddit is an online platform that enables users to submit links, create content, and have discussions about the topics of their interest. Founded by Alexis Ohanian and Steve Huffman in 2005, Reddit has now raised a total of $919.0M in total equity funding and is backed by investors that include Tencent Holdings, Sequoia Capital, Andreessen Horowitz, Bracket Capital, and Initialized Capital.
Investors in the round: Andreessen Horowitz, Sequoia Capital, Tencent Holdings, Vy Capital
Industry: Content, News, Social Bookmarking, Social Media, Social Network
Founders: Alexis Ohanian, Steve Huffman
Founding year: 2005
Location: San Francisco
Total equity funding raised: $919.0M
4. UiPath $750.0M
Round: Series F
Description: New York-based UiPath is a software company developing robotic process automation and artificial intelligence software. Founded by Daniel Dines and Marius Tirca in 2005, UiPath has now raised a total of $2.0B in total equity funding and is backed by investors that include Tencent Holdings, Sequoia Capital, T. Rowe Price, Seedcamp, and Earlybird Venture Capital.
Investors in the round: Alkeon Capital, Altimeter Capital, Coatue, Dragoneer Investment Group, IVP, Sequoia Capital, T. Rowe Price, Tiger Global Management
Industry: Artificial Intelligence, Enterprise Software, Information Technology, Machine Learning
Founders: Daniel Dines, Marius Tirca
Founding year: 2005
Location: New York
Total equity funding raised: $2.0B
3. SpaceX $850.0M
Round: Venture
Description: Hawthorne-based SpaceX is an aviation and aerospace company that designs, manufactures, and launches advanced rockets and spacecraft. Founded by Elon Musk in 2002, SpaceX has now raised a total of $6.0B in total equity funding and is backed by investors that include Fidelity, Bank of America, Bracket Capital, Google, and Founders Fund.
Investors in the round: Sequoia, Valor Equity Partners, Coatue, D1 Capital Partners, Fidelity
Industry: Aerospace, Manufacturing, Space Travel, Transportation
Founders: Elon Musk
Founding year: 2002
Location: Hawthorne
Total equity funding raised: $6.0B
2. Databricks $1.0B
Round: Series G
Description: San Francisco-based Databricks is a data-and-AI company that interacts with corporate information stored in the public cloud. Founded by Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, and Scott Shenker in 2013, Databricks has now raised a total of $1.9B in total equity funding and is backed by investors that include BlackRock, Battery Ventures, Salesforce Ventures, T. Rowe Price, and Andreessen Horowitz.
Investors in the round: Alkeon Capital, Amazon Web Services, Andreessen Horowitz, BlackRock, Canada Pension Plan Investment Board, CapitalG, Coatue, Discovery Capital, Dragoneer Investment Group, Fidelity Management and Research Company, Founders Circle Capital, Franklin Templeton Investments, Geodesic Capital, GIC, Green Bay Ventures, Greenoaks Capital, Microsoft, New Enterprise Associates, Octahedron Capital, Salesforce Ventures, T. Rowe Price, Tiger Global Management, Whale Rock Capital Management
Industry: Analytics, Information Technology, SaaS, Software
Founders: Ali Ghodsi, Andy Konwinski, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, Scott Shenker
Founding year: 2013
Location: San Francisco
Total equity funding raised: $1.9B
1. Robinhood $2.4B
Round: Convertible Note
Description: Menlo Park-based Robinhood is a stock brokerage that allows customers to buy and sell stocks, options, ETFs, and cryptocurrencies with zero commission. Founded by Baiju Bhatt and Vlad Tenev in 2013, Robinhood has now raised a total of $3.2B in total equity funding and is backed by investors that include Ribbit Capital, Index Ventures, Sequoia Capital, Andreessen Horowitz, and Greenoaks Capital.
Investors in the round: Ribbit Capital,
Industry: Cryptocurrency, Financial Services, FinTech, Stock Exchanges, Trading Platform
Founders: Baiju Bhatt, Vlad Tenev
Founding year: 2013
Location: Menlo Park
Total equity funding raised: $3.2B
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Source: https://www.alleywatch.com/2021/03/the-15-largest-us-tech-startup-funding-rounds-of-february-2021/
