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 5/11/24 featuring funding details for Rad AI, Triomics, CoverTree, and eleven other deals representing $378M in new funding that you need to know about.
DatologyAI – $46.0M
Redwood City-based DatologyAI is an AI-data curation startup that develops deep learning tools for automatic selection in data training. Founded by Ari Morcos, Bogdan Gaza, and Matthew Leavitt in 2023, DatologyAI has now raised a total of $57.7M in total equity funding and is backed by Amazon Alexa Fund, Amplify Partners, Elad Gil, Felicis, M12 – Microsoft’s Venture Fund, and Radical Ventures.
Honeycomb – $36.0M
San Francisco-based Honeycomb is a real estate insurance company that provides coverage for landlord Insurance and condo association insurance. Founded by Adam Cherubini, Itai Ben-Zaken, and Nimrod Sadot in 2019, Honeycomb has now raised a total of $54.7M in total equity funding and is backed by Arkin Holdings, Ibex Investors, IT-Farm, Launchbay Capital, Phoenix Insurance, and Zeev Ventures.
Legion Technologies – $50.0M
Santa Clara-based Legion Technologies offers an intelligent workforce management platform designed to enhance labor efficiency and employee engagement. Founded by Sanish Mondkar in 2016, Legion Technologies has now raised a total of $135.5M in total equity funding and is backed by Norwest Venture Partners, Riverwood Capital, Stripes, Webb Investment Network, and XYZ Venture Capital.
Sift Healthcare – $20.0M
Milwaukee-based Sift Healthcare is a data mining and predictive analytics technology. Founded by Justin Nicols and Virgil Bistriceanu in 2017, Sift Healthcare has now raised a total of $33.5M in total equity funding and is backed by Allos Ventures, B Capital, First Trust Capital Partners, and Rock River Capital Partners.
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.
Neurable – $13.0M
Boston-based Neurable is a neurotechnology company focused on developing AI tools for brain signal translation and brain-computer interface technology. Founded by Adam Molnar, James Hamet, and Ramses Alcaide in 2015, Neurable has now raised a total of $22.5M in total equity funding and is backed by Metaplanet, Pace Ventures Enigma, TRAC, and Ultratech Capital Partners.
Rad AI – $50.0M
San Francisco-based Rad AI develops software that uses AI to automate radiology report writing, aiming to enhance accuracy and reduce radiologist burnout. Founded by Doktor Gurson and Jeff Chang in 2018, Rad AI has now raised a total of $83.0M in total equity funding and is backed by Artis Ventures (AV), Gradient Ventures, Khosla Ventures, Kickstart, OCV, and WiL (World Innovation Lab).
RunPod – $20.0M
Mount Laurel-based RunPod is a cloud platform designed for GPUs, enabling developers to deploy customized full-stack AI applications. Founded by Pardeep Singh and Zhen Lu in 2022, RunPod has now raised a total of $22.0M in total equity funding and is backed by Adam Lewis, AI Grant, Amjad Masad, Dell Technologies Capital, Intel Capital, Julien Chaumond, and Nat Friedman.
Triomics – $15.0M
San Francisco-based Triomics uses GenAI to help cancer centers streamline trial enrollments, quality improvement projects, and healthcare operations. Founded by Hrituraj Singh, Sajjan Rajpurohit, and Sarim Khan in 2021, Triomics has now raised a total of $15.0M in total equity funding and is backed by General Catalyst, Lightspeed Venture Partners, Nexus Venture Partners, and Y Combinator.
Voyage Foods – $52.0M
Oakland-based Voyage Foods is a food technology company making delicious, sustainable and accessible foods that are better for people and the planet. Founded by Adam Maxwell in 2021, Voyage Foods has now raised a total of $117.3M in total equity funding and is backed by Collaborative Fund, Horizons Ventures, Level One Fund, Nimble Partners, and SOSV.
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Plenty – $5.0M
San Francisco-based Plenty is a financial planning application that aims to help users achieve financial freedom. Founded by Channing Allen and Emily Luk in 2022, Plenty has now raised a total of $7.8M in total equity funding and is backed by Garage Capital, Inovia Capital, Interplay, and Otherwise Fund.
Zanskar – $30.0M
Provo-based Zanskar develops a predictive platform informed by massive data for discovering previously unknown geothermal resources. Founded by Carl Hoiland in 2019, Zanskar has now raised a total of $42.2M in total equity funding and is backed by Clearvision Ventures, First Star Ventures, Lowercarbon Capital, Munich Re Ventures, Obvious Ventures, Safar Partners, and Union Square Ventures.
Daloopa – $18.0M
New York-based Daloopa uses artificial intelligence for document automation and extracting data from financial reports and investor presentations. Founded by Daniel Chen, Jeremy Huang, and Thomas Li in 2019, Daloopa has now raised a total of $41.4M in total equity funding and is backed by Morgan Stanley, Nexus Venture Partners, and Touring Capital.
CoverTree – $13.0M
Detroit-based CoverTree is an InsurTech company that specializes in manufactured home insurance solutions. Founded by Adarsh Rachmale, Divyansh Sharma, and Rishie Modi in 2020, CoverTree has now raised a total of $23.0M in total equity funding and is backed by Annox Capital, AV8 Ventures, Detroit Venture Partners, Distributed Ventures, Ludlow Ventures, and Portage Ventures.
Nudge Security – $9.5M
Austin-based Nudge Security is a cybersecurity startup securing modern organizations through the power of the modern workforce. Founded by Jaime Blasco and Russell Spitler in 2022, Nudge Security has now raised a total of $16.5M in total equity funding and is backed by Ballistic Ventures and Forgepoint 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/2024/05/the-weekly-notable-startup-funding-report-5-13-24/
