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 2/10/24 featuring funding details for Banana, StatusPro, GigaStar, and twenty-five other deals representing $1.9B in new funding that you need to know about.
Aizon – $20.0M
San Francisco-based Aizon is a cloud-based SaaS platform that helps optimize industrial processes in biotech and pharma. Founded by Pep Gubau, Pere Merino, and Toni Manzano in 2013, Aizon has now raised a total of $43.6M in total equity funding and is backed by Atlantic Bridge, Crosslink Capital, NewVale Capital, and Uncork Capital.
Attentive – $7.0M
Wilmington-based Attentive is an AI based SaaS platform for the landscaping and outdoor service industry Founded by Aishwarya Maurya, Rishabjit Singh, Sarthak Vijay, and Shiva Dhawan in 2017, Attentive has now raised a total of $14.0M in total equity funding and is backed by Info Edge ventures, Peak XV Partners, and Vertex Ventures Southeast Asia & India.
Banana – $3.4M
San Francisco-based Banana is an ML API for developers to run ML workloads from a single line of code, without any learning curve. Founded by Erik Dunteman and Kyle Morris in 2021, Banana has now raised a total of $3.4M in total equity funding and is backed by Basecamp Fund and CapitalX.
Colossyan – $22.0M
Wilmington-based Colossyan specializes in AI video for workplace learning, empowering users to generate videos from text through AI technology. Founded by Dominik Mate Kovacs, Kristof Szabo, and Zoltan Kovacs in 2020, Colossyan has now raised a total of $28.2M in total equity funding and is backed by Day One Capital, Emerge Education, Lakestar, and LAUNCHub Ventures.
Elemind Technologies – $12.0M
Cambridge-based Elemind Technologies is a neurotechnology company that shapes brainwaves and changes brain states using novel neuromodulation techniques. Founded by David Wang, Ed Boyden, Heather Read, Meredith Perry, and Nir Grossman in 2019, Elemind Technologies has now raised a total of $12.0M in total equity funding and is backed by Embark Ventures, LDV Partners, The E14 Fund, Village Global, and Wharton Angel Network.
Ezra AI – $21.0M
New York-based Ezra AI provides early cancer detection by combining advanced medical imaging technology and AI technology. Founded by Diego Cantor and Emi Gal in 2018, Ezra AI has now raised a total of $43.0M in total equity funding and is backed by Accomplice, Allianz Life Ventures, Amir Dan Rubin, Anne Wojcicki, Credo Ventures, Esther Dyson, FirstMark, Founders Future, Gaingels, Healthier Capital, LDV Capital, Lord David Prior, Mana Ventures, Republic, Seedcamp, and Vlad Tenev. AlleyWatch broke the news in an exclusive covering the round and much more – Ezra Raises Another $21M for Full Body MRIs Powered by AI That Makes Early Detection Possible for Cancer and 500 Other Types of Diseases
GigaStar – $3.0M
Chicago-based GigaStar is a developer of an online content creators marketplace. Founded by Hazem Dawani, Jason Aubrey, and Mohammed Asfour in 2022, GigaStar has now raised a total of $14.1M in total equity funding and is backed by Belvedere Strategic Capital, DV Chain, Metropolitan Capital, Nameless Ventures, and Tomsic Holdings.
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Kin Insurance – $15.0M
Chicago-based Kin Insurance is an insurtech company that offers personalized home insurance policies. Founded by Lucas Ward, Sean Harper, Sebastian Villarreal, and Stephen Wooten in 2016, Kin Insurance has now raised a total of $266.2M in total equity funding and is backed by Activate Capital Partners.
LimaCharlie – $10.2M
Walnut-based LimaCharlie is an Information security tools & infrastructure delivered in a manner similar to AWS. Founded by Gio Pecora and Maxime Lamothe-Brassard in 2018, LimaCharlie has now raised a total of $16.2M in total equity funding and is backed by CoFound Partners, Long Journey Ventures, Lytical Ventures, Myriad Venture Partners, Sands Capital Ventures, StoneMill Ventures, and Strategic Cyber Ventures.
Mechanical Orchard – $24.0M
San Francisco-based Mechanical Orchard is a deeply pedigreed yet unorthodox legacy application modernization company. Founded by Dan Podsedly, Matthew Work, and Rob Mee in 2022, Mechanical Orchard has now raised a total of $31.0M in total equity funding and is backed by Bloomberg Beta, Cendana Capital, Emergence, Industry Ventures, Spider Capital, and Webb Investment Network.
NinjaOne – $231.5M
Austin-based NinjaOne serves as an IT platform for endpoint management that enhances productivity, minimizes risks, and lowers overall IT expenses. Founded by Christopher Matarese, Eric Herrera, and Sal Sferlazza in 2013, NinjaOne has now raised a total of $261.5M in total equity funding and is backed by Amit Agarwal, Frank Slootman, and ICONIQ Growth.
Polycam – $18.0M
San Francisco-based Polycam is a 3D creation tool company that develops a sensor app to capture 3D scans of objects. Founded by Chris Heinrich and Elliott Spelman in 2021, Polycam has now raised a total of $18.0M in total equity funding and is backed by Adjacent, Adobe Ventures, Barry McCardel, Chad Hurley, Julien Chaumond, Left Lane Capital, and Shaun Maguire.
Procyrion – $47.7M
Houston-based Procyrion develops technology solutions and offers a catheter-based circulatory support technologies. Founded by Reynolds Delgado and Reynolds M. Delgado III in 2005, Procyrion has now raised a total of $112.4M in total equity funding and is backed by Bluebird Ventures and Fannin Innovation Studio.
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ProducePay – $38.0M
Los Angeles-based ProducePay is an AgTech company developing a financing platform that allows farmers to have access to liquidity for pricing transparency. Founded by Ben Dusastre and Pablo Schwarzbeck in 2014, ProducePay has now raised a total of $105.9M in total equity funding and is backed by Anterra Capital, Astanor Ventures, Avenue Capital Group, Avenue Venture, CF Private Equity, Common Fund, Endeavor8, G2 Venture Partners, Red Bear Angels, and Syngenta Ventures.
Sea Machines Robotics – $12.0M
Boston-based Sea Machines Robotics builds autonomous control and navigation systems for the commercial marine and boating industries. Founded by Michael Johnson in 2014, Sea Machines Robotics has now raised a total of $58.3M in total equity funding and is backed by Chevron Technology Ventures, Emerald Technology Ventures, IMC Ventures, Ingram Content Group, Level2 Ventures, Nabtesco, and RKKVC.
Starship Technologies – $90.0M
San Francisco-based Starship Technologies is a robotics company building fleets of self-driving delivery robots designed to deliver goods. Founded by Ahti Heinla and Janus Friis in 2014, Starship Technologies has now raised a total of $231.2M in total equity funding and is backed by Iconical and Plural.
StatusPro – $20.0M
Los Angeles-based StatusPro is a sports technology company. Founded by Andrew Hawkins and Troy Jones in 2020, StatusPro has now raised a total of $25.2M in total equity funding and is backed by Alumni Ventures, Andre L. Gaines, Aubrey Graham (Drake), Black Angel Group, Bobby Wagner, David Grutman, Devale Ellis, Dream Sports, Google Ventures, Haslam Sports Group, JDS Sports, Jeff Stibel, Jordan Cameron, Kayvon Thibodeaux, LeBron James, LifeLine Family Heritage Fund, Main Street Advisors, Maverick Carter, Myles Garrett, Peter Delgrosso, Sun Technology Investors, TitletownTech, and WISE Ventures.
Synthetaic – $15.0M
Delafield-based Synthetaic is a company that grows large and high-quality datasets sufficient for machine learning. Founded by Corey Jaskolski in 2019, Synthetaic has now raised a total of $32.5M in total equity funding and is backed by Booz Allen Hamilton, IBM Ventures, Lupa Systems, and TitletownTech.
Unlearn.AI – $50.0M
San Francisco-based Unlearn.AI combines AI, digital twins, and novel statistical methods to enable smaller, more efficient clinical trials. Founded by Aaron Smith, Charles Fisher, and Jonathan Walsh in 2017, Unlearn.AI has now raised a total of $134.9M in total equity funding and is backed by 8VC, Altimeter Capital, DCVC, DCVC Bio, EPIC Ventures, Mubadala Capital Ventures, Necessary Ventures, Radical Ventures, and Wittington Ventures.
finally – $10.0M
Miami-based Finally is a fintech firm that assists small and medium-sized enterprises in automating their accounting and financial processes. Founded by Edwin Mejia, Felix Rodriguez, and Glennys Rodriguez in 2018, finally has now raised a total of $24.1M in total equity funding and is backed by Active Capital and PeakSpan 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.
Vocode – $3.3M
San Francisco-based Vocode is an open-source library for building voice-based LLM applications. Founded by Ajay Raj and Kian Hooshmand in 2023, Vocode has now raised a total of $3.8M in total equity funding and is backed by Accel, Amjad Masad, Avlok Kohli, Gradient Ventures, Liquid 2 Ventures, and Siqi Chen.
Shepherd – $13.5M
San Francisco-based Shepherd is an Insurtech that offers tech-enabled insurance for commercial construction. Founded by Justin Levine, Mohamed El Mahallawy, and Stephen Buonpane in 2021, Shepherd has now raised a total of $19.7M in total equity funding and is backed by Costanoa Ventures, Era Ventures, Greenlight Reinsurance, Intact Ventures, and Spark Capital.
Platform Accounting Group – $85.0M
Salt Lake City-based Platform Accounting Group specializes in accounting, mergers, acquisitions, tax advisory, and business consulting services. Founded by Reyes Florez in 2015, Platform Accounting Group has now raised a total of $85.0M in total equity funding and is backed by The Cynosure Group.
Ambience Healthcare – $70.0M
San Francisco-based Ambience Healthcare is the leading AI operating system for healthcare organizations. Founded by Nikhil Buduma in 2020, Ambience Healthcare has now raised a total of $106.3M in total equity funding and is backed by Andreessen Horowitz, Kleiner Perkins, OpenAI Startup Fund, and Optum Ventures.
buytrendingitems – $17.0M
Burlington-based Buytrendingitems.com is a participant in the Amazon Services LLC Associates Program. Founded by Carlos Virella in 2018, buytrendingitems has now raised a total of $17.0M in total equity funding and is backed by Imaginary Ventures, Lerer Hippeau, Red Sea Ventures, and Shine Capital.
dataroomHQ – $3.5M
New York-based dataroomHQ provides the blueprint for efficient growth, allowing SaaS companies to do more with less. Founded by Jeffrey Schwartz in 2021, dataroomHQ has now raised a total of $7.5M in total equity funding and is backed by B5 Capital, Bling Capital, Cortical Ventures, CRV, Divide by Zero, Garuda Ventures, and Oceans.
Headlight – $18.0M
San Diego-based Headlight is a mental health firm that aims to change the way mental health services are delivered. Founded by Manish Sheth in 2020, Headlight has now raised a total of $18.0M in total equity funding and is backed by EPIC Ventures and Matrix Partners China.
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- Source: https://www.alleywatch.com/2024/02/the-weekly-notable-startup-funding-report-2-12-24/
