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 3/2/24 featuring funding details for Vibe, Parspec, Inkitt, and thirteen other deals representing $634M in new funding that you need to know about.
Axiom Cloud – $5.0M
Oakland-based Axiom Cloud provides artificial intelligence solutions for commercial refrigeration. Founded by Amrit Robbins in 2020, Axiom Cloud has now raised a total of $16.0M in total equity funding and is backed by TOSHIBA TEC CORPORATION and WindSail Capital Group.
Coverdash – $13.5M
New York-based Coverdash is a digital business insurance agency that offers a full suite of commercial insurance products for all startups and SMBs. Founded by Avery Rubin, David Vainer, and Ralph Betesh in 2022, Coverdash has now raised a total of $16.0M in total equity funding and is backed by AXIS Digital Ventures, Bling Capital, Cameron Ventures, Expansion Venture Capital, Nyca Partners, and Tokio Marine Future Fund.
FlowGPT – $10.0M
Berkeley-based FlowGPT is an open-source AI app creator community that enables users to integrate discovered prompts into their projects. Founded by Jiacheng Dang and Lifan Wang in 2023, FlowGPT has now raised a total of $10.0M in total equity funding and is backed by DCM Ventures and Goodwater Capital.
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Glean – $200.0M
Palo Alto-based Glean is a search engine that focuses on helping find any piece of data through a tool in any company. Founded by Arvind Jain, Piyush Prahladka, Tony Gentilcore, and TR Vishwanath in 2019, Glean has now raised a total of $355.0M in total equity funding and is backed by Adams Street Partners, Capital One Ventures, Citi, Coatue, Databricks Ventures, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sequoia Capital, and Workday Ventures.
Parspec – $11.5M
San Francisco-based Parspec is a technology company that utilizes AI to serve the supply chain for the building and construction industry. Founded by Forest Flager and Pratyush Havelia in 2020, Parspec has now raised a total of $11.5M in total equity funding and is backed by Building Ventures, Heartland Ventures, Hometeam Ventures, and Innovation Endeavors.
Inkitt – $37.0M
San Francisco-based Inkitt is a data-driven publisher that uses an algorithm based on reader behavior to discover the next bestselling story. Founded by Ali Albazaz and Lauren Burns in 2014, Inkitt has now raised a total of $117.0M in total equity funding and is backed by Khosla Ventures, Kleiner Perkins, New Enterprise Associates, Redalpine, Rouven Dresselhaus, and Speedinvest.
intenseye – $64.0M
New York-based Intenseye uses AI for real-time video analysis, enhancing safety, detecting hazards, and improving efficiency across industries. Founded by Sercan Esen and Serhat Cillidag in 2018, intenseye has now raised a total of $93.1M in total equity funding and is backed by Air Street Capital, Insight Partners, Lightspeed Venture Partners, and Point Nine.
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Passes – $40.0M
Miami-based Passes is a monetization platform that provides tools for creators to engage with their audience. Founded by Lucy Guo in 2022, Passes has now raised a total of $57.0M in total equity funding and is backed by Abstract Ventures, Alexandra Botez, Bond, Crossbeam Ventures, Emma Grede, and Jens Grede.
MoneyHash – $4.5M
San Francisco-based MoneyHash provides access to payment and fintech services across the Middle East & Africa with one simple integration. Founded by Anisha Sekar, Mustafa Eid, and Nader Abdelrazik in 2020, MoneyHash has now raised a total of $7.8M in total equity funding and is backed by COTU Ventures, Dubai Future District Fund, RZM Investments, Sukna Ventures, and VentureFriends.
NLX – $12.0M
New York-based NLX offers platform for automating customer experiences across channels with advanced AI and language models. Founded by Andrei Papancea and Vlad Papancea in 2018, NLX has now raised a total of $21.6M in total equity funding and is backed by Cercano Management, Engage Capital, HL Ventures, IAG Capital Partners, JetBlue Ventures, Tech Square Ventures, and Thayer Ventures.
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Range Energy – $23.5M
Mountain View-based Range accelerates the electrification of commercial transportation with powered trailers for the heavy-duty truck market. Founded by Ali Javidan in 2021, Range Energy has now raised a total of $31.5M in total equity funding and is backed by R7 Partners, Trousdale Ventures, UP Partners, and Yamaha Motor Ventures.
Rhombus Systems – $26.0M
Sacramento-based Rhombus offers a cloud-based security camera system with analytics and smart search for businesses. Founded by Garrett Larsson and Omar Khan in 2016, Rhombus Systems has now raised a total of $50.5M in total equity funding and is backed by Cota Capital and Tru Arrow Partners.
Vibe – $22.5M
Chicago-based Vibe is a streaming TV advertising company for small and medium-sized businesses. Founded by Arthur Querou and Franck Tetzlaff in 2021, Vibe has now raised a total of $28.9M in total equity funding and is backed by Alain Roubach, Cyril Vermeulen, Elaia, Laurent Asscher, Motier Ventures, Sequoia Scout, Singular, and The Very Group.
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Welcome to PropelME, an exclusive program meticulously crafted for qualified companies navigating the dynamic broadcast, media, and entertainment entrepreneurial landscape. Our program offers a unique fusion of year-round online community engagement and immersive, in-person experiences during NAB Show events, creating a comprehensive support system for early-stage companies. Immerse yourself in a supportive community where shared expertise drives innovation, providing not just networking opportunities but a deeper engagement with industry trends for forward-thinking startups and entrepreneurs. Join us in shaping the future of entrepreneurship. It all starts at NAB Show, April 13-17, 2024 in Las Vegas.
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Interested in learning more without officially participating in PropelME? Use code PR03 for a FREE Exhibits Pass for the NAB Show. – Register Now
Oishii Farm – $134.0M
Kearny-based Oishii Farm provides indoor vertical farming technology. Founded by Brendan Somerville and Hiroki Koga in 2017, Oishii Farm has now raised a total of $184.0M in total equity funding and is backed by Bloom8, CTBC Bank, Japan Green Investment Corporation for Carbon Neutrality, McWin Partners, Mitsubishi Shokuhin, Mizuho Bank, NTT, Nymph Investments Cayman Limited, and YASKAWA Electric.
Pelage Pharma – $16.8M
Los Angeles-based Pelage Pharma delivers a clinically tested treatment for both men and women battling the emotional pain or social stigma of hair loss. Founded by Heather Christofk, Michael Jung, and William Lowry in , Pelage Pharma has now raised a total of $16.8M in total equity funding and is backed by Google Ventures, Main Street Advisors, Visionary Venture Fund, and YK Bioventures.
Redi.Health – $14.0M
Columbus-based Redi.Health is a healthcare technology company that develops health management platform for patients. Founded by Jaimin Gandhi, Luke Buchanan, and Nate Rehm in 2021, Redi.Health has now raised a total of $19.0M in total equity funding and is backed by Blue Heron Capital, M25, Mutual Capital Partners, North Coast Ventures, Refinery Ventures, and Rev1 Ventures.
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.
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- Source: https://www.alleywatch.com/2024/03/the-weekly-notable-startup-funding-report-3-4-24/
