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 3/16/24 featuring funding details for Omni, Proscia, and seventeen other deals representing $757M in new funding that you need to know about.
Sealed – $30.0M
New York-based Sealed is a residential energy efficiency startup that designs, manages, and finances home weatherization and electrification projects. Founded by Andy Frank, Lauren Salz, and Paul Gilkerson in 2012, Sealed has now raised a total of $108.5M in total equity funding and is backed by CityRock Venture Partners, Cyrus Capital Partners, Fifth Wall, and Keyframe Capital Partners.
Bear Robotics – $60.0M
Redwood City-based Bear Robotics manufactures self-driving indoor robots to assist employees on daily tasks that can ease their workload. Founded by Brennand Pierce, Fangwei Li, John Ha, and Juan Higueros in 2017, Bear Robotics has now raised a total of $175.8M in total equity funding and is backed by LG Electronics.
CarbonCapture – $80.0M
Los Angeles-based CarbonCapture is a climate tech company that develops direct air capture (DAC) machines to remove CO2 directly from the atmosphere. Founded by Andrea Pedretti and William T Gross in 2019, CarbonCapture has now raised a total of $115.0M in total equity funding and is backed by Alumni Ventures, Aramco Ventures, Climate Pledge Fund, IdealabX, Neotribe Ventures, Prime Movers Lab, Siemens Financial Services, and Time Ventures.
CodaMetrix – $40.0M
Boston-based CodaMetrix is a medical coding platform that utilizes AI to provide solutions for healthcare revenue cycle management. Founded by Hamid Tabatabaie and Michael Mercurio in 2019, CodaMetrix has now raised a total of $95.0M in total equity funding and is backed by Frist Cressey Ventures, SignalFire, and Transformation Capital.
Draftwise – $20.0M
New York-based DraftWise provides an AI-powered contract and negotiation platform that assists law firms in procuring quality contracts. Founded by Emre Ozen, James Ding, and Ozan Yalti in 2020, Draftwise has now raised a total of $28.0M in total equity funding and is backed by Earlybird Venture Capital, Index Ventures, and Y Combinator.
Empathy – $47.0M
New York-based Empathy is a support system mobile application that guides and supports families along the journey of loss. Founded by Ron Gura and Yonatan Bergman in 2020, Empathy has now raised a total of $90.0M in total equity funding and is backed by Allianz, Brewer Lane Ventures, Entree Capital, General Catalyst, Index Ventures, Latitude, MassMutual, MetLife, New York Life Insurance, Securian Financial Group, and Sumitomo.
Interlune – $15.5M
Estes Park-based Interlune is a lunar resource startup that provides resources for a clean and sustainable economy on Earth and in space. Founded by Gary Lai, Indra Hornsby, and Rob Meyerson in 2020, Interlune has now raised a total of $17.4M in total equity funding and is backed by Aurelia Foundry, Gaingels, Liquid 2 Ventures, Seven Seven Six, and Shasta Ventures.
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Serenity Kids – $52.0M
Austin-based Serenity Kids is a baby food company offering nutrient-dense foods that taste great to kids and are convenient for parents. Founded by Joe Carr and Serenity Heegel Carr in 2016, Serenity Kids has now raised a total of $63.5M in total equity funding and is backed by Stride Consumer Partners.
NanoNets – $29.0M
San Francisco-based NanoNets uses artificial intelligence to automate back-office processes within the financial services sector. Founded by Prathamesh Juvatkar and Sarthak Jain in 2017, NanoNets has now raised a total of $40.5M in total equity funding and is backed by Accel, Elevation Capital, and Y Combinator.
Nozomi Networks – $100.0M
San Francisco-based Nozomi Networks is a cybersecurity company specializing in operational technology and IoT security for critical infrastructure. Founded by Andrea Carcano and Moreno Carullo in 2013, Nozomi Networks has now raised a total of $266.0M in total equity funding and is backed by Activate Capital Partners, Energize Capital, Forward Investments, GGV Capital, Honeywell Ventures, In-Q-Tel, Johnson Controls, Keysight Technologies, Lux Capital, Mitsubishi Electric, Planven Investments, Porsche Ventures, Samsung Ventures, Schneider Electric, Telefonica Innovation Ventures, and Triangle Peak Partners.
Ocient – $49.4M
Chicago-based Ocient is a hyper-scale data analytics company that allows organizations to unlock value by analyzing petabyte to exabyte scale data sets. Founded by Chris Gladwin, George Kondiles, and Joe Jablonski in 2016, Ocient has now raised a total of $114.4M in total equity funding and is backed by Buoyant Ventures, Greycroft, Levy Family Partners, OCA Ventures, Riverwalk Holdings, and Wolf Capital Ventures.
Omni – $20.0M
San Francisco-based Omni is a marketplace that provides access to the things needed by nayone through its rentals platform. Founded by Aaron Wiener, Adam Dexter, and Thomas McLeod in 2014, Omni has now raised a total of $55.0M in total equity funding and is backed by Theory Ventures.
Pienso – $10.0M
Brooklyn-based Pienso is a B2B AI platform that utilizes text data for insight generation, document intelligence, and content moderation. Founded by Birago Jones and Karthik Dinakar in 2016, Pienso has now raised a total of $17.0M in total equity funding and is backed by Gideon Capital, Good Growth Capital, Latimer Ventures, Nigel Toon, SRI International, and Uncork Capital.
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Proscia – $9.0M
Philadelphia-based Proscia develops a pathology platform to assist routine pathology operations, enhance cancer diagnosis, and improve patient outcomes. Founded by Coleman Stavish, David West, and Nathan Buchbinder in 2014, Proscia has now raised a total of $80.5M in total equity funding and is backed by Alpha Intelligence Capital, Emerald Development Managers, Flybridge, Fusion Fund, Highline Capital Management, Hitachi Ventures, Razor’s Edge Ventures, Robin Hood Ventures, ROBO Global, Scale Venture Partners, and Triangle Peak Partners.
Together AI – $106.0M
Menlo Park-based Together AI is a cloud-based platform designed for constructing open-source generative AI and infrastructure for developing AI models. Founded by Ce Zhang, Chris Re, Percy Liang, and Vipul Ved Prakash in 2022, Together AI has now raised a total of $228.5M in total equity funding and is backed by Clement Delangue, Coatue, Definition, Emergence Capital, Factory, Greycroft, Kleiner Perkins, Long Journey Ventures, Lux Capital, Manu Sharma, New Enterprise Associates, Prosperity7 Ventures, Salesforce Ventures, Scott Banister, Soumith Chintala, and SVA.
Unstructured Technologies – $40.0M
San Francisco-based Unstructured develops an open-source data transformation platform to preprocess natural language data for machine learning services. Founded by Brian Raymond in 2022, Unstructured Technologies has now raised a total of $65.0M in total equity funding and is backed by Allison Pickens, Bain Capital Ventures, Chet Kapoor, Databricks Ventures, IBM Ventures, Madrona, Mango Capital, Menlo Ventures, NVentures, and Vivek Ranadive.
Vouch – $25.0M
San Francisco-based Vouch is a business insurance provider to high-growth tech and life science companies. Founded by Sam Hodges and Travis Hedge in 2018, Vouch has now raised a total of $184.7M in total equity funding and is backed by Ribbit Capital.
Axion Ray – $17.5M
New Castle-based Axion Ray is an integrity intelligence platform that automates engineering and quality analytics for manufacturing teams. Founded by Daniel First and Rebecca Trachtenberg in 2021, Axion Ray has now raised a total of $25.0M in total equity funding and is backed by Amplo, Bessemer Venture Partners, Inspired Capital Partners, and RTX Ventures.
Furno – $6.5M
Palo Alto-based Furno is a climate technology company that produces zero-emission ordinary Portland cement. Founded by Gurinder Nagra in 2020, Furno has now raised a total of $11.0M in total equity funding and is backed by Cantos, Energy Capital Ventures, Neotribe Ventures, and O’Shaughnessy Ventures.
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- Source: https://www.alleywatch.com/2024/03/the-weekly-notable-startup-funding-report-3-18-24/
