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 4/13/24 featuring funding details for Leasecake, Platform Science, Alethea, and fifteen other deals representing $1.2B in new funding that you need to know about.
Cyera – $300.0M
New York-based Cyera is an AI-powered data security platform that gives enterprises deep context on their data to assure cyber-resilience and compliance. Founded by Tamar Bar-Ilan and Yotam Segev in 2021, Cyera has now raised a total of $464.5M in total equity funding and is backed by Accel, AT&T Ventures, Coatue, Cyberstarts, Georgian, Redpoint, Sequoia Capital, and Spark Capital.
FloQast – $100.0M
Sherman Oaks-based FloQast is a financial close management software designed to streamline the month-end close process for accounting teams. Founded by Cullen Zandstra and Mike Whitmire in 2013, FloQast has now raised a total of $302.9M in total equity funding and is backed by BDT & MSD Partners, ICONIQ Growth, Meritech Capital Partners, Sapphire Ventures, and WiL (World Innovation Lab).
Platform Science – $125.0M
San Diego-based Platform Science provides telematics and fleet management solutions to enhance operations and driver experiences. Founded by Jack Kennedy and Jake Fields in 2015, Platform Science has now raised a total of $308.0M in total equity funding and is backed by 8VC, Activant Capital, BDT & MSD Partners, C.R. England, Cummins, Daimler Trucks North America, Manhattan Venture Partners, NewRoad Capital Partners, PACCAR, Prologis Ventures, RyderVentures, and Schneider National.
Collaborative Robotics – $100.0M
Santa Clara-based Collaborative Robotics is building robots that help in indoor and outdoor tasks alongside humans. Founded by Brad Porter in 2022, Collaborative Robotics has now raised a total of $140.0M in total equity funding and is backed by 1984 Ventures, Bison Ventures, Calibrate Ventures, General Catalyst, Industry Ventures, Khosla Ventures, Lux Capital, Mayo Clinic, MVP Ventures, Neo, and Sequoia Capital.
Auradine – $80.0M
Santa Clara-based Auradine is a provider of web infrastructure solutions for blockchain, security, and privacy. Founded by Barun Kar, Patrick Xu, and Rajiv Khemani in 2022, Auradine has now raised a total of $151.0M in total equity funding and is backed by Celesta Capital, Marathon Digital, Maverick Capital, Mayfield Fund, MVP Ventures, StepStone Group, and Top Tier Capital Partners.
Monad – $225.0M
New York-based Monad develops a blockchain protocol that streamlines Ethereum throughput via parallel transaction processing techniques. Founded by Eunice Giarta, James Hunsaker, and Keone Hon in 2022, Monad has now raised a total of $244.0M in total equity funding and is backed by Animoca Ventures, Archetype, Castle Island Ventures, Coinbase Ventures, CoinFund, Electric Capital, Greenoaks, Paradigm, Rune Christensen, Saquon Barkley, and Will Clemente.
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.
Anrok – $30.0M
San Francisco-based Anrok is a sales tax solution for SaaS businesses that automates sales tax compliance across any financial stack. Founded by Kannan Goundan and Michelle Valentine in 2020, Anrok has now raised a total of $54.3M in total equity funding and is backed by Alex Estevez, David Faugno, Index Ventures, Karen Peacock, Khosla Ventures, and Sequoia Capital.
Oden Technologies – $28.5M
New York-based Oden Technologies develops a data capture and analytics platform that allows you to monitor and optimize production from any device. Founded by Peter Brand and Willem Sundblad in 2014, Oden Technologies has now raised a total of $52.7M in total equity funding and is backed by Atomico, EQT Ventures, Flat Capital, INX International Ink, Nordstjernan Growth, and Recurring Capital Partners.
Cariloop – $20.0M
Richardson-based Cariloop is a B2B company that helps families manage the care needs of loved ones by connecting them to a caregiver support platform. Founded by Michael Walsh and Steven Theesfeld in 2012, Cariloop has now raised a total of $42.7M in total equity funding and is backed by ABS Capital Partners, KCRise Fund, Noro-Moseley Partners, Patterson Thoma Family Office, and Revolution’s Rise of the Rest Seed Fund.
Yoshi – $26.0M
San Francisco-based Yoshi fills a vehicle’s tank wherever a driver wanted instead of the owner having to stop at a gas station. Founded by Bryan Frist, Dan Hunter, David Gobaud, and Nick Alexander in 2015, Yoshi has now raised a total of $90.5M in total equity funding and is backed by Bridgestone Americas, General Motors Ventures, Shikra, and Universal Motors Agencies.
Alethea – $20.0M
Washington-based Alethea is a tech company helping Fortune 500 and private companies protect themselves from disinformation and social media manipulation Founded by Lisa Kaplan in 2019, Alethea has now raised a total of $30.0M in total equity funding and is backed by Ballistic Ventures, Google Ventures, and Hakluyt Capital.
MODE – $8.8M
San Mateo-based MODE is driven to help organizations leverage their data to improve operations, safety, & efficiencies through the use of IoT & AI Founded by Ethan Kan and Gaku Ueda in 2014, MODE has now raised a total of $20.1M in total equity funding and is backed by Daiichi Jitsugyo, JR East Start Up, SBI Investment, and True Ventures.
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Windfall Bio – $28.0M
Menlo Park-based Windfall Bio offers a nature-based technology that enables farmers to transform methane into organic fertilizer. Founded by Josh Silverman and Louis Stenmark in 2022, Windfall Bio has now raised a total of $37.0M in total equity funding and is backed by B37 Ventures, Breakthrough Energy Ventures, Climate Pledge Fund, Global Brain Corporation, Incite.org, Mayfield Fund, Positive Ventures, Prelude Ventures, and UNTITLED.
DeepCure – $24.6M
Boston-based DeepCure leverages AI and AI-enabled technologies to advance small molecule discovery techniques. Founded by Joseph Jacobson, Kfir Schreiber, and Thrasyvoulos Karydis in 2018, DeepCure has now raised a total of $71.4M in total equity funding and is backed by IAG Capital Partners.
Bite – $9.0M
New York-based Bite is a powerful software for guest experience in restaurants. Founded by Etkin Tekin, Jeff Hong, Stas Nikiforov, and Steve Truong in 2015, Bite has now raised a total of $19.5M in total equity funding and is backed by Food-X, Graham Partners, One Way Ventures, Staley Capital, and Tamarisc Ventures.
Leasecake – $10.0M
Winter Park-based Leasecake is a lease and location management platform for multi-unit operators and franchises. Founded by Clayton Mamele, Jim Bankston, Rick Uzcategui, and Taj Adhav in 2017, Leasecake has now raised a total of $25.0M in total equity funding and is backed by Las Olas Venture Capital and PeakSpan Capital.
Sortium – $4.0M
Miami-based Sortium operates as an entertainment tech company that combines AI and Web3. Founded by Alex Rozgo, Eaven Portillo, and Marc Seal in 2021, Sortium has now raised a total of $11.8M in total equity funding and is backed by 1881 S Group AG, ARK Investment Management, IDG Capital Vietnam Blockchain, Infinity Ventures Crypto, Polygon, and Signum Growth Capital.
Abre – $24.0M
Cincinnati-based Abre is a K-12 data solution company that provides a software platform to integrate data from EdTech platforms across a school district. Founded by Chris Rose, Damon Ragusa, and Zach Vander Veen in 2017, Abre has now raised a total of $31.1M in total equity funding and is backed by Golden Angels Investors, JobsOhio, Jumpstart Ventures, 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.
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- Source: https://www.alleywatch.com/2024/04/the-weekly-notable-startup-funding-report-4-15-24/
