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 11/18/23 featuring funding details for Sunnyside, Leap, Siena AI, and sixteen other deals representing $859M in new funding that you need to know about.
ALTR – $25.0M
Melbourne-based ALTR is a Melbourne FL-based SaaS provider of data governance and security solutions for data-driven enterprises. Founded by Chris Struttmann and James Beecham in 2017, ALTR has now raised a total of $55.0M in total equity funding and is backed by John Stafford III.
Apiture – $10.0M
Wilmington-based Apiture combined their APIs into frustration-shattering digital banking solutions to address the hurdles today’s banks & credit unions face. Founded by Christopher Cox in 2017, Apiture has now raised a total of $69.0M in total equity funding and is backed by Live Oak Bank, Pinnacle Financial Partners, T. Rowe Price, and Truist Ventures.
CytoVale – $84.0M
San Francisco-based CytoVale is a medical technology company that focuses on advancing early detection technologies to diagnose immune-mediated diseases. Founded by Ajay Shah and Dino Di Carlo in 2013, CytoVale has now raised a total of $110.5M in total equity funding and is backed by Global Health Investment Corporation, Norwest Venture Partners, and Sands Capital Ventures.
Divergent – $230.0M
Torrance-based Divergent is a developer of an end-to-end digital production system to reform industrial-scale manufacturing. Founded by Kevin Czinger in 2013, Divergent has now raised a total of $593.0M in total equity funding and is backed by Alumni Ventures, David Beirne, Hexagon, John L. Thornton, and Tom Steyer.
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Imprint – $75.0M
New York-based Imprint is a credit card issuer that designs, launches, and manages co-branded credit card programs. Founded by Daragh Murphy and Michael Pechman in 2020, Imprint has now raised a total of $127.0M in total equity funding and is backed by Kleiner Perkins, Lachy Groom, Moore Capital, Ribbit Capital, and Thrive Capital.
INGENIOUS.BUILD – $37.0M
Wayne-based INGENIOUS.BUILD is an application to manage daily operations within project financials, project management, and construction administration. Founded by Nick Carter in 2016, INGENIOUS.BUILD has now raised a total of $37.0M in total equity funding and is backed by American Family Ventures, Crow Holdings, JLL Spark Global Ventures, Koch Real Estate Investments, Morpheus Ventures, and Navitas Capital.
Sunnyside – $11.5M
San Francisco-based Sunnyside provides healthier drinking habits and avoid the negative effects of alcohol Founded by Ian Andersen and Nick Allen in 2020, Sunnyside has now raised a total of $14.6M in total equity funding and is backed by Adjacent, Cooley, Eudemian Ventures, Joyance Partners, Mike Lee, Motley Fool Ventures, Offline Ventures, Scribble Ventures, Uncork Capital, Will Ventures, and Wisdom Ventures.
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Leap – $4.0M
San Francisco-based Leap serves as a marketplace linking distributed energy resources with energy markets. Founded by Remco van den Elzen and Thomas Folker in 2017, Leap has now raised a total of $60.1M in total equity funding and is backed by Presidio Ventures.
Radiant Security – $15.0M
San Francisco-based Radiant Security is an autonomous MDR that automates security operations using machine learning and AI. Founded by Barry Shteiman and Shahar Ben-Hador in 2021, Radiant Security has now raised a total of $15.0M in total equity funding and is backed by Acrew Capital, General Advance, Jibe Ventures, Lightspeed Venture Partners, Next47, and Uncorrelated Ventures.
RefleXion Medical – $105.0M
Hayward-based RefleXion Medical is a developer of biologically-guided radiotherapy systems for patients with cancer. Founded by Akshay Nanduri and Sam Mazin in 2009, RefleXion Medical has now raised a total of $488.6M in total equity funding and is backed by Ally Bridge Group, Catalio Capital Management, Hillenbrand Capital Partners, LLC., Johnson & Johnson Innovation – JJDC, Pfizer Venture Investments, Pictet Private Equity Investors S.A., Squarepoint Capital, T. Rowe Price, The Rise Fund, and Venrock.
Siena AI – $4.7M
San Francisco-based Siena AI is the creator of an autonomous chat platform that aims to blend human empathy and intelligent automation. Founded by Andrei Negrau and Lisa Popovici in 2022, Siena AI has now raised a total of $4.7M in total equity funding and is backed by Pari Passu Venture Partners, Sierra Ventures, SuperAngel.Fund, and Village Global.
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Inito – $6.0M
Palo Alto-based Inito is a developer of a medical testing device designed to facilitate accurate fertility monitoring. Founded by Aayush Rai and Varun AV in 2015, Inito has now raised a total of $13.0M in total equity funding and is backed by Fireside Ventures.
Element Energy – $73.0M
Menlo Park-based Element Energy is a startup with technology that significantly improves the performance, reliability and cost of large battery packs. Founded by Anthony Stratakos, Rainer Fasching, and Seth Kahn in 2019, Element Energy has now raised a total of $101.0M in total equity funding and is backed by AFW Partners, Cohort Ventures, DRIVE Catalyst, Edison International, FM Capital, Keyframe Capital Partners, LG Technology Ventures, Mitsubishi Heavy Industries, Prelude Ventures, and Radar Partners.
Glencoco – $3.0M
Brooklyn-based Glencoco is a B2B sales marketplace Founded by Ingwon Chae, Jason Bao, and Javier Carrillo in 2022, Glencoco has now raised a total of $3.0M in total equity funding and is backed by Browder Capital, Crossbeam Venture Partners, Felicis, Gold House Ventures, Liquid 2 Ventures, and Soma Capital.
Route 92 Medical – $31.0M
San Mateo-based Route 92 Medical is a medical device company developing a catheter to treat stroke. Founded by Joey English, Scott Wilson, and Tony M. Chou in 2015, Route 92 Medical has now raised a total of $116.5M in total equity funding and is backed by InnovaHealth Partners, Norwest Venture Partners, The Vertical Group, and U.S. Venture Partners.
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SiLC Technologies – $25.0M
Monrovia-based SiLC Technologies is a startup focusing on machine imaging applications. Founded by Jonathan Luf and Mehdi Asghari in 2018, SiLC Technologies has now raised a total of $72.5M in total equity funding and is backed by Alter Venture Partners, Dell Technologies Capital, EPSON X Investment, Hankook & Company, Hokuyo Automatic, ROHM Semiconductor, Sony Innovation Fund, UMC Capital, and Yamato Holdings.
Vittoria Biotherapeutics – $15.0M
Philadelphia-based Vittoria Biotherapeutics is a gene-edited cell therapeutics company. Founded by Marco Ruella in 2021, Vittoria Biotherapeutics has now raised a total of $25.0M in total equity funding and is backed by Agent Capital, BioAdvance, NYBC Ventures, Tellus BioVentures, The Leukemia & Lymphoma Society’s Therapy Acceleration Program, University of Pennsylvania, and Valley Forge Investment Corporation.
Puzzle Financial – $30.0M
San Francisco-based Puzzle Financial is a modern data platform for startups Founded by Sasha Orloff in 2019, Puzzle Financial has now raised a total of $45.3M in total equity funding and is backed by Alumni Ventures, Born Capital, Felicis, FOG Ventures, Gaingels, General Catalyst, Kapor Capital, Section 32, Soma Capital, Sterling Road, and XYZ Venture Capital.
Forward – $75.0M
San Francisco-based Forward is a healthcare startup that provides a membership-based health care system. Founded by Adrian Aoun, Erik Frey, Ilya Abyzov, and Robert Sebastian in 2016, Forward has now raised a total of $300.0M in total equity funding and is backed by Abu Dhabi Investment Authority, Founders Fund, Garrett Camp, John Doerr, Khosla Ventures, Samsung NEXT, and Tencent.
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- Source: https://www.alleywatch.com/2023/11/the-weekly-notable-startup-funding-report-11-20-23/
