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 5/25/24 featuring funding details for Harbinger, Wayspring, and eight other deals representing $1.2B in new funding that you need to know about.
Atropos Health – $33.0M
Palo Alto-based Atropos Health develops a clinical analytics platform that specializes in evidence-based healthcare. Founded by Brigham Hyde, Nigam Shah, and Saurabh Gombar in 2020, Atropos Health has now raised a total of $47.0M in total equity funding and is backed by Breyer Capital, Cencora Ventures, Emerson Collective, McKesson Ventures, Merck Global Health Innovation Fund, Presidio Ventures, Sanofi Ventures, Touchdown Ventures, and Valtruis.
Expressable – $26.0M
Austin-based Expressable is an online speech therapy platform designed for individuals with communication disorders. Founded by Leanne Sherred and Nicholas Barbara in 2019, Expressable has now raised a total of $45.5M in total equity funding and is backed by Digitalis Ventures, F-Prime Capital, HarbourVest Partners, and Lerer Hippeau.
Aerodome – $21.5M
Los Angeles-based Aerodome is a developer of Drone-As-First-Responder technology that allows agencies to deploy drones for missions. Founded by Kenaniah Cerny and Rahul Sidhu in 2023, Aerodome has now raised a total of $28.0M in total equity funding and is backed by Andreessen Horowitz, CRV, Ford Street Ventures, Immad Akhund, and Karman Ventures (fka Moving Capital).
Hydrolix – $35.0M
Portland-based Hydrolix is a data management company that specializes in providing solutions for storing, managing, and analyzing large-scale data. Founded by Hasan Alayli and Marty Kagan in 2018, Hydrolix has now raised a total of $65.0M in total equity funding and is backed by AV8 Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, and Wing Venture Capital.
Harbinger – $13.0M
Gardena-based Harbinger is a commercial electric vehicle (EV) company that focuses on chassis architecture design. Founded by John Henry Harris, Phillip Weicker, and William Eberts in 2021, Harbinger has now raised a total of $102.7M in total equity funding and is backed by Greycroft.
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Simr – $20.0M
Los Altos-based Simr Platform automates and secures complex simulations, enhancing innovation and efficiency for industries like aerospace and automotive. Founded by Burak Yenier and Wolfgang Gentzsch in 2014, Simr has now raised a total of $26.9M in total equity funding and is backed by BMW i Ventures, Earlybird Venture Capital, and Uncorrelated Ventures.
Praktika – $35.5M
Palo Alto-based Praktika offers an sutomated 1-1 tutorship powered by genAI Avatars. Founded by Adam Turaev, Anton Marin, and Ilya Chernyakov in 2022, Praktika has now raised a total of $36.5M in total equity funding and is backed by Blossom Capital, Blue Wire Capital, and Creator Ventures.
Scale AI – $1.0B
San Francisco-based Scale AI provides a data-oriented platform that assists in the development of AI applications. Founded by Alexandr Wang, Lucy Guo, and Vansh Jain in 2016, Scale AI has now raised a total of $1.6B in total equity funding and is backed by Accel, Amazon, AMD Ventures, Cisco Investments, Coatue, DFJ Growth, Elad Gil, Founders Fund, Greenoaks, Harmony Partners, Index Ventures, Intel Capital, Meta, Nat Friedman, NVIDIA, ServiceNow Ventures, Spark Capital, Thrive Capital, Tiger Global Management, WCM Investment Management, Wellington Management, and Y Combinator.
Wayspring – $45.0M
Nashville-based Wayspring is a healthcare company focused on addressing substance use disorder (SUD) and other behavioral health issues. Founded by Kevin Kirkpatrick and Paul McCurry in 2012, Wayspring has now raised a total of $161.3M in total equity funding and is backed by .406 Ventures, CVS Health Ventures, HLM Venture Partners, and Valtruis.
SamaCare – $17.0M
San Francisco-based SamaCare automates the prior authorization process to improve patients’ access to therapy. Founded by Scott Zhang and Syam Palakurthy in 2018, SamaCare has now raised a total of $34.8M in total equity funding and is backed by Questa Capital Management, South Park Commons, and Vive Collective.
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- Source: https://www.alleywatch.com/2024/05/the-weekly-notable-startup-funding-report-5-28-24/
