The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 10/28/23 featuring funding details for Klu.ai, BetterOmics, and MangoBoost and fourteen other deals representing $337M in new funding that you need to know about.
AgentSync – $50.0M
Denver-based AgentSync builds insurance infrastructure that connects carriers, agencies, MGAs, and producers. Founded by Jenn Knight and Niranjan Sabharwal in Denver, AgentSync has now raised a total of $161.1M in total equity funding and is backed by Craft Ventures and Valor Ventures.
Chkk – $5.2M
Sunnyvale-based Chkk helps enterprises minimize availability risks and ensure safe upgrades for mission-critical applications running on Kubernetes Founded by Ali Khayam, Awais Nemat, and Fawad Khaliq in Sunnyvale, Chkk has now raised a total of $5.2M in total equity funding and is backed by Sequoia Capital.
Cranium – $25.0M
Short Hills-based Cranium is an AI security and trust platform that delivers security and trust to the AI revolution. Founded by Felix Knoll, Jonathan Dambrot, and Paul Spicer in Short Hills, Cranium has now raised a total of $36.7M in total equity funding and is backed by KPMG, SYN Ventures, and Telstra Ventures.
Aleph – $11.5M
New York-based Aleph helps top finance teams work with their data in real-time as the fastest-to-implement FP&A platform. Founded by Albert Gozzi and Santiago Perez De Rosso in New York, Aleph has now raised a total of $16.8M in total equity funding and is backed by Bain Capital Ventures, Khosla Ventures, Picus Capital, and Y Combinator.
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HypeLab – $200K
San Francisco-based HypeLab is a crypto-focused ad network that helps web3 companies acquire new users at scale. Founded by Ashod Donikian, Edward Weng, and Joe Kim in San Francisco, HypeLab has now raised a total of $4.2M in total equity funding and is backed by Synergis Capital.
Klu.ai – $1.7M
San Francisco-based Klu.ai is a generative AI platform that simplifies the process of designing, deploying, and optimizing AI applications. Founded by Stephen Walker in San Francisco, Klu.ai has now raised a total of $1.7M in total equity funding and is backed by Andreessen Horowitz, Atomico, Craft Ventures, Firstminute Capital, and Sequoia Capital.
LegalMation – $15.0M
Los Angeles-based LegalMation provides a suite of artificial intelligence tools to help litigation attorneys and legal professionals practice . Founded by Enoch Liang, James Lee, and Thomas Suh in Los Angeles, LegalMation has now raised a total of $18.5M in total equity funding and is backed by Aquiline Capital Partners, Aquiline Technology Growth, Brentwood Associates, Key Venture Partners, Motley Fool Ventures, Quick Set LLC, and REV.
Morty – $2.2M
Los Angeles-based Morty is an app to find immersive experiences you’ll love to do, and get together with friends. Founded by Andy Bauch and Karlis Lapsins in Los Angeles, Morty has now raised a total of $3.3M in total equity funding and is backed by ANIMO Ventures, General Catalyst, Marketplace Capital, Michael Stoppelman, Protagonist, Unpopular Ventures, Wedbush Ventures, and Wonder Ventures.
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Pony.ai – $100.0M
Fremont-based Pony.ai develops autonomous vehicle technology using AI. Founded by James Peng and Tiancheng Lou in Fremont, Pony.ai has now raised a total of $1.3B in total equity funding and is backed by NEOM Investment Fund.
Rymedi – $9.0M
Greenville-based Rymedi (pronounced Remedy) provides cloud-based health solutions that are patient-centered and user friendly. Founded by David Stefanich in Greenville, Rymedi has now raised a total of $9.0M in total equity funding and is backed by Blizzard Fund, Blockchange Ventures, RW3 Ventures, and White Star Capital.
Revv – $2.1M
New York-based Revv utilizes advanced AI and Machine Learning tools to improve road safety and revolutionize processes in the automotive industry. Founded by Adi Bathla and Rashmi Sinha in New York, Revv has now raised a total of $4.2M in total equity funding and is backed by 1984 Ventures, Abhi Ramesh, Adapt Ventures, CapitalX, Noah Johnson, Pareto Holdings, Soma Capital, and Unpopular Ventures.
BetterOmics – $20.0M
Redwood City-based BetterOmics is a SaaS platform that empowers professionals in the life sciences industry with cutting-edge AI and computational techniques. Founded by Angela Lai, Chetan Patel, Matthew Zehnder, and Ognjen Nikolic in Redwood City, BetterOmics has now raised a total of $20.0M in total equity funding and is backed by SHAKTI Ventures, Sofinnova Partners, and Triatomic Capital.
The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
Omnidian – $25.0M
Seattle-based Omnidian is a provider of comprehensive protection plans for investments in residential and commercial solar energy systems. Founded by Brad Davis, David Kenny, Mark Liffmann, and Ray Szylko in Seattle, Omnidian has now raised a total of $78.7M in total equity funding and is backed by Activate Capital Partners, Avista, Blue Bear Capital, Congruent Ventures, Evergy Ventures, HSBC Asset Management, National Grid Partners (NGP), and WIND Ventures.
MangoBoost – $55.0M
Bellevue-based MangoBoost is an DPU and AI infrastructure firm that specializes in developing advanced server accelerators with complete software stacks. Founded by Dongup Kwon, Eriko Nurvitadhi, Jangwoo Kim, and Jun-ki Park in Bellevue, MangoBoost has now raised a total of $65.5M in total equity funding and is backed by IM Capital Partners, IMM Investment, KB Investment, Korea Development Bank, Premier Partners, and Shinhan Venture Investment.
Harmony Games – $3.0M
Matthews-based Harmony Games is a developer of next-generation hybrid-casual games. Founded by James Koh and Volkan Ediz in Matthews, Harmony Games has now raised a total of $3.0M in total equity funding and is backed by Akin Babayigit, Griffin Gaming Partners, and Kristian Segerstrale.
PRECZN – $6.8M
Carrollton-based PRECZN is a fintech orchestration for vertical SaaS platforms. Founded by Jason Key in Carrollton, PRECZN has now raised a total of $6.8M in total equity funding and is backed by Blank Ventures, Flyover Capital, Gilgamesh Ventures, Grand Ventures, Nelnet, Rosecliff Ventures, and SaaS Ventures.
Algenesis – $5.0M
San Diego-based Algenesis is a material science and technology company that helps the planet recover from the pollution by-products made from fossil fuels. Founded by Stephen Mayfield in San Diego, Algenesis has now raised a total of $9.5M in total equity funding and is backed by Circulate Capital and First Bight Ventures.
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- Source: https://www.alleywatch.com/2023/10/the-weekly-notable-startup-funding-report-10-30-23/
