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The AlleyWatch Startup Daily Funding Report: 6/16/2022

Date:

Lightning AI

$40M – Series B

Lightning AI, an operating system for AI development that handles end-to-end production-ready systems, has raised $40M in Series B funding led by Coatue. Founded by Luis Capelo and William Falcon in 2019, Lightning AI has now raised a total of $58.6M in reported equity funding.

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TransfrVR

$35M – Series B

TransfrVR, the skills development and workforce training solution using VR simulations, has raised $35M in Series B funding led by Lumos Capital Group. Founded by Bharani Rajakumar in 2017, TransfrVR has now raised a total of $47M in reported equity funding.

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Workstream

$7M – Seed

Workstream, a workflow management platform specifically for analytics and data, has raised $7M in Seed funding led by Lerer Hippeau. Workstream was founded by Chris Ibarra, Nicholas Freund in 2020.

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Pawlicy Advisor

$12M – Series B

Pawlicy Advisor, the pet insurance marketplace, has raised $12M in Series B funding led by StepStone Group. Founded by Christopher Mawhinney and Travis Bloom in 2018, Pawlicy Advisor has now raised a total of $19.6M in reported equity funding.

Renew

$8.1M – funding according to a recent SEC filing

Renew, a yet-to-launch startup founded by two ex-Jetty employees focused on helping renters navigate the market, has raised $8.1M in funding according to a recent SEC filing. The filing indicates that the otoal offering is for $8.4M and ther were twenty investors in this close. Renew was founded by Robert Hayden and Kevin Murphy in 2021.

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