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 5/18/24 featuring funding details for Rad AI, Triomics, CoverTree, and eleven other deals representing $494M in new funding that you need to know about.
Alkira – $100.0M
San Jose-based Alkira is a network infrastructure as-a-service company that unifies multiple clouds, sites, and users via an enterprise network. Founded by Amir Khan and Atif Khan in 2018, Alkira has now raised a total of $176.0M in total equity funding and is backed by Dallas Venture Capital, Geodesic Capital, Kleiner Perkins, Koch Disruptive Technologies, NextEquity Partners, Sequoia Capital, and Tiger Global Management.
Chapter – $50.0M
New York-based Chapter offers a Medicare navigation platform that provides advisory services for seniors seeking health coverage. Founded by Cobi Blumenfeld-Gantz, Corey Metzman, and Vivek Ramaswamy in 2020, Chapter has now raised a total of $109.0M in total equity funding and is backed by Addition, Maverick Ventures, Narya Capital, Susa Ventures, and XYZ Venture Capital.
ByHeart – $95.0M
New York-based ByHeart is a baby nutrition company with FDA-registered infant formula. Founded by Mia Funt and Ron Belldegrun in 2016, ByHeart has now raised a total of $255.0M in total equity funding and is backed by AF Ventures, Bellco Capital, D1 Capital Partners, Gaingels, OCV, Polaris Partners, Red Sea Ventures, and Two River.
FinLocker – $17.0M
St Louis-based FinLocker provides a personal financial assistant tool that enables loans and financial transactions. Founded by Barry Sandweiss, Peter Esparrago, and Tim Stern in 2014, FinLocker has now raised a total of $52.6M in total equity funding and is backed by Radian Group.
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.
Kudos – $10.2M
Woodland Hills-based Kudos is a free AI-powered smart wallet that turns your everyday purchases into free flights, hotel stays, and travel experiences. Founded by Ahmad Ismail and Tikue Anazodo in 2021, Kudos has now raised a total of $17.2M in total equity funding and is backed by Brian Kelly, Four Cities Capital, Newtype Ventures, Patron, Precursor Ventures, QED Investors, Samsung NEXT, SV Angel, and The Mini Fund.
Gamma – $12.0M
San Francisco-based Gamma offers an AI-powered presentation platform designed to enhance enterprise collaboration. Founded by Grant Lee, James Fox, and Jon Noronha in 2020, Gamma has now raised a total of $19.0M in total equity funding and is backed by Accel, Fellows Fund, Lorimer Ventures, Script Capital, and South Park Commons.
Ndustrial – $18.5M
Raleigh-based Ndustrial offers analytical engines that help businesses control production, improve energy efficiency, and eliminate waste. Founded by Charles Tuck, Jason Massey, John Crawford, Josh Hawn, Mason Weems, and Taylor Brown in 2011, Ndustrial has now raised a total of $26.2M in total equity funding and is backed by ABB, Clean Energy Ventures, ENGIE New Ventures, and GS Energy.
Pepper – $30.0M
New York-based Pepper is an eCommerce platform for food distributors, convenience stores, and other marketplaces. Founded by Bowie Cheung, Chetan Narain, and Ivana Tesanovic in 2019, Pepper has now raised a total of $46.0M in total equity funding and is backed by Greylock, Harmony Partners, ICONIQ Growth, Imaginary Ventures, and Index Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – Pepper Raises $30M to Propel Independent Food Distributors with its SaaS E-Commerce Platform
Princeton NuEnergy – $10.3M
Bordentown-based Princeton NuEnergy is a clean-tech startup focused on direct recycling technology for lithium-ion batteries. Founded by Bruce Koel, Chao Yan, Xiaofang Yang, and Yiguang Ju in 2019, Princeton NuEnergy has now raised a total of $34.2M in total equity funding and is backed by SCG Chemicals and Tech Council Ventures.
You are seconds away from signing up for the hottest list in NYC Tech!
Polymarket – $45.0M
New York-based Polymarket is a prediction market platform where traders predict future event outcomes, reacting to news in real time. Founded by Shayne Coplan in 2020, Polymarket has now raised a total of $74.0M in total equity funding and is backed by 1confirmation, Dragonfly, Founders Fund, Kevin Hartz, ParaFi Capital, and Vitalik Buterin.
Honey Homes – $9.3M
Lafayette-based Honey Homes is a home maintenance firm that offers house maintenance and related services. Founded by Vishwas Prabhakara in 2021, Honey Homes has now raised a total of $21.4M in total equity funding and is backed by Era Ventures, Khosla Ventures, and Pear VC.
Monitaur – $6.0M
Boston-based Monitaur is a software company that provides auditability, transparency, and governance for companies using machine learning software. Founded by Andrew Clark and Anthony Habayeb in 2019, Monitaur has now raised a total of $12.7M in total equity funding and is backed by Cultivation Capital, Defy.vc, Rockmont Capital Partners, Studio VC, and Techstars.
SmarterDx – $50.0M
New York-based SmarterDx is a clinical AI company that develops automated pre-bill review tech to help hospitals maintain revenue integrity. Founded by Joshua Geleris and Michael Gao in 2020, SmarterDx has now raised a total of $56.0M in total equity funding and is backed by Bessemer Venture Partners, Flare Capital Partners, Floodgate, and Transformation 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.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.alleywatch.com/2024/05/the-weekly-notable-startup-funding-report-5-20-24/
