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 12/16/23 featuring funding details for StayNTouch, Verve Motion, Medefy, and thirteen other deals representing $389M in new funding that you need to know about.
Datalogz – $5.0M
Queens-based Datalogz is a BI Ops platform that provides visibility into business intelligence environments. Founded by Logan Havern, Pablo Lerdo de Tejada, and Tina Bhatia in 2020, Datalogz has now raised a total of $7.1M in total equity funding and is backed by Berkeley SkyDeck Fund, Define Ventures, Graphene Ventures, GreatPoint Ventures, Mana Ventures, Squadra Ventures, and Trajectory Ventures.
Dimensional Energy – $20.0M
Ithaca-based Dimensional Energy uses photochemistry to produce environmentally responsible polymers and chemicals for its industrial partners. Founded by Clayton D. Poppe, David Erickson, Jason Salfi, and Tobias Hanrath in 2014, Dimensional Energy has now raised a total of $40.8M in total equity funding and is backed by Chloe Capital, Climate Tech Circle, Delek US, DSC Investment, Elemental Excelerator, Empire State Development, Envisioning Partners, Launch NY, Microsoft Climate Innovation Fund, New York Ventures, Rock Creek, and United Airlines.
Digital Wildcatters – $2.5M
Houston-based Digital Wildcatters is a community platform for energy professionals. Founded by Collin McLelland in 2019, Digital Wildcatters has now raised a total of $4.5M in total equity funding and is backed by Chuck Yates, Diamondback Energy, and ProFrac Services.
Dynamic Labs – $13.5M
Palo Alto-based Dynamic is multi-chain wallet-based authentication and authorization platform. Founded by Itai Turbahn and Yoni Goldberg in 2021, Dynamic Labs has now raised a total of $21.0M in total equity funding and is backed by a16z crypto, Breyer Capital, Castle Island Ventures, Founders Fund, Joseph Lau, and Nikil Viswanathan.
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Medefy – $10.0M
Tulsa-based Medefy is a healthcare engagement platform that helps employers improve benefits offerings for health plan members. Founded by Matt Scovil and Nathan Gilchrist in 2018, Medefy has now raised a total of $12.5M in total equity funding and is backed by Advantage Capital and Mercury.
Allstar – $12.0M
New York-based Allstar develops technology that enables gamers to capture, personalize, and share their greatest gaming moments. Founded by Gavin Silver and Nicholas Cuomo in 2019, Allstar has now raised a total of $15.9M in total equity funding and is backed by Alumni Ventures, Drive Capital, J-Ventures, Mark Cuban, and Studio VC.
Redactable – $5.5M
New York-based Redactable is a web-based application that helps companies permanently redact their confidential documents. Founded by Amanda Levay in 2018, Redactable has now raised a total of $6.8M in total equity funding and is backed by Everywhere Ventures (The Fund), Gradient Ventures, Revelry Venture Partners, and WOCstar Fund.
Rypplzz – $3.0M
Los Angeles-based Rypplzz has a patented software platform that connects the digital and physical worlds like never before. Founded by Brandon Berquam, Ciara Staggs, Joshua Pendrick, and Kirill Shcheglov in 2016, Rypplzz has now raised a total of $6.0M in total equity funding and is backed by KB Partners and Triptyq Capital.
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StayNTouch – $48.0M
Bethesda-based StayNtouch is an enterprise mobile cloud platform that improves how hotels operate and connect with their guests. Founded by Gopkumar Sarangdharan, Jos Schaap, and Tim Kinsella in 2012, StayNTouch has now raised a total of $60.2M in total equity funding and is backed by Sixth Street.
True Anomaly – $100.0M
Centennial-based True Anomaly develops space security technologies using AI, software, and spacecraft to enhance global security and sustainability. Founded by Carlos Virella and Even Rogers in 2022, True Anomaly has now raised a total of $140.6M in total equity funding and is backed by 645 Ventures, ACME Capital, Champion Hill Ventures, Eclipse Ventures, FiveNine Ventures, Menlo Ventures, Narya Capital, Riot Ventures, and Rocketship.vc.
Twin Health – $50.0M
Mountain View-based Twin Health is a Precision Health platform combining Sensors, Machine Learning, and Medical Science to reverse chronic diseases. Founded by Jahangir Mohammed, Maluk Mohamed, and Terrence Poon in 2018, Twin Health has now raised a total of $248.5M in total equity funding and is backed by Helena, ICONIQ Growth, Peak XV Partners, Sofina, and Temasek Holdings.
Zuper – $32.0M
Sammamish-based Zuper provides field service management solutions, CRM integration, and personalized support for scalable modernization. Founded by Karthik V., Raghav Gurumani, and Vijay Narasiman in 2016, Zuper has now raised a total of $46.1M in total equity funding and is backed by FUSE and Prime Ventures.
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Essential AI – $56.5M
San Francisco-based Essential AI creates AI solutions that enhance efficiency through the automation of labor-intensive and repetitive workflows. Founded by Ashish Vaswani and Niki Parmar in 2023, Essential AI has now raised a total of $64.5M in total equity funding and is backed by AMD, Franklin Venture Partners, Google, KB Investment, March Capital, NVIDIA, and Thrive Capital.
HelicitySpace – $5.0M
Berkeley-based HelicitySpace develops critical propulsion and power technology necessary for enabling humanity’s expansion into the solar system. Founded by Marta Calvo and Setthivoine You in 2018, HelicitySpace has now raised a total of $5.2M in total equity funding and is backed by Airbus Ventures, E2MC Ventures, Gaingels, TRE Ventures, Urania Ventures, and Voyager Space.
Verve Motion – $20.0M
Cambridge-based Verve Motion develops exo-suits to aid workers in physically demanding tasks. Founded by Ignacio Galiana in 2020, Verve Motion has now raised a total of $35.0M in total equity funding and is backed by Construct Capital, Cybernetix Ventures, Frederic Kerrest, John McEleney, OUP (Osage University Partners), Pillar VC, and Safar Partners.
Lassen Peak – $6.0M
Bellevue-based Lassen Peak develops a technology that turns dangerous weapon detection procedures into safe, efficient, and dignified experiences. Founded by Ehsan Afshari and Hatch Graham in 2019, Lassen Peak has now raised a total of $32.0M in total equity funding and is backed by Madrona.
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- Source: https://www.alleywatch.com/2023/12/the-weekly-notable-startup-funding-report-12-18-23/
