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 7/2/23 featuring funding details for Cyera, Federato, Parbola, and seventeen other deals representing $2.1B in new funding that you need to know about.
Augmedics – $82.5M
Arlington Heights-based Augmedics is a provider of augmented reality (AR) surgical image guidance solutions. Founded by Nessi Benishti and Nissan Elimelech in 2014, Augmedics has now raised a total of $143.6M in total equity funding and is backed by Almeda Ventures, CPMG, Evidity Health Capital, H.I.G. Capital, and Revival Healthcare Capital.
Betr – $35.0M
Miami-based Betr is a direct-to-consumer micro-betting app that allows its users to sports betting. Founded by Jake Paul and Joey Levy in 2022, Betr has now raised a total of $85.0M in total equity funding and is backed by Aliya Capital Partners, Anti Fund, Eberg Capital, FinSight Ventures, Florida Funders, Fuel Venture Capital, IA Ventures, and Joey Levy.
Blueprint – $9.0M
Chicago-based Blueprint aids mental health clinicians in providing personalized results through measurement-based care. Founded by Abtin Buergari and Daniel Freed in 2019, Blueprint has now raised a total of $13.7M in total equity funding and is backed by Bonfire Ventures, Data Tech Fund, Ensemble VC, LeverageVC, Lightbank, Revolution’s Rise of the Rest Seed Fund, and Tau Ventures.
Calypso AI – $23.0M
San Francisco-based Calypso AI provides a platform that allows organizations to accelerate their use of AI technologies. Founded by Davey Gibian, Neil Serebryany, and Victor Ardulov in 2018, Calypso AI has now raised a total of $38.2M in total equity funding and is backed by Anne Wojcicki, Auren Hoffman, Expeditions Fund, Hakluyt Capital, Lockheed Martin Ventures, Paladin Capital Group, and Susan Wojcicki.
Celestial AI – $100.0M
Santa Clara-based Celestial AI is a Machine Learning (ML) accelerator company that develops data center and edge AI computing solutions. Founded by David Lazovsky, Michelle Tomasko, and Preet Virk in 2020, Celestial AI has now raised a total of $163.9M in total equity funding and is backed by IAG Capital Partners, imec.xpand, Koch Disruptive Technologies, M Ventures, Porsche Automobil Holding, Samsung Catalyst Fund, Smart Global Holdings, The Engine, Tyche Partners, and Xora Innovation.
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.
Cyera – $100.0M
San Mateo-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 2020, Cyera has now raised a total of $164.5M in total equity funding and is backed by Accel, Cyberstarts, Redpoint, and Sequoia Capital.
Cyware – $30.0M
Jersey City-based Cyware provides cyber fusion solutions to help businesses detect and stop cyberattacks. Founded by Akshat Jain and Anuj Goel in 2016, Cyware has now raised a total of $73.0M in total equity funding and is backed by Advent International, Emerald Development Managers, Great Road Holdings, Prelude Fund, Ten Eleven Ventures, and Zscaler.
Federato – $25.0M
Palo Alto-based Federato develops a RiskOps platform that uses AI and machine learning to process massive amounts of data for insurance companies. Founded by William Ross and William Steenbergen in 2020, Federato has now raised a total of $40.0M in total equity funding and is backed by Caffeinated Capital, Emergence Capital, and Pear VC.
Fly.io – $70.0M
Chicago-based Fly.io offers an Application Delivery Network (ADN) intended to help website owners get connected with their customers. Founded by Jerome Gravel-Niquet, Kurt Mackey, and Michael Dwan in 2017, Fly.io has now raised a total of $110.5M in total equity funding and is backed by Andreessen Horowitz, Dell Technologies Capital, EQT Ventures, and Intel Capital.
Gradient – $9.0M
San Francisco-based Gradient is on a mission is to cool the world by transforming every home to be more comfortable and healthy for the people who inhabit it. Founded by Kipp Bradford, Saul Griffith, and Vincent Romanin in 2017, Gradient has now raised a total of $33.0M in total equity funding and is backed by Climate Investment.
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Inflection AI – $1.3B
Palo Alto-based Inflection AI is an artificial intelligence startup that develops personal AI chatbots. Founded by Carlos Virella, Karen Simonyan, Mustafa Suleyman, and Reid Hoffman in 2022, Inflection AI has now raised a total of $1.5B in total equity funding and is backed by Bill Gates, CoreWeave, Eric Schmidt, Microsoft, NVIDIA, and Reid Hoffman.
JuliaHub – $13.0M
Cambridge-based JuliaHub is a single platform for modeling, simulation, and user built applications. Founded by Alan Edelman, Deepak Vinchhi, Jeff Bezanson, Keno Fischer, Stefan Karpinski, and Viral Shah in 2015, JuliaHub has now raised a total of $42.6M in total equity funding and is backed by AEI Horizon X.
Luminopia – $16.0M
Cambridge-based Luminopia develops a new class of treatments for significant neuro-visual disorders. Founded by Alex Wendland, Dean Travers, Raphael Rouvinov, and Scott Xiao in 2015, Luminopia has now raised a total of $33.2M in total equity funding and is backed by Broadfin Advisors, Shangbay Capital, The Vertical Group, and U.S. Venture Partners.
Parabola – $24.0M
San Francisco-based Parabola offers a drag-and-drop workflow tool that allows users to collaborate, automate, and streamline complex processes. Founded by Alex Yaseen and Michael Lang in 2017, Parabola has now raised a total of $34.2M in total equity funding and is backed by Abstract Ventures, AJ Frank, Cristina Cordova, Flexport Ventures, Good Friends, Immad Akhund, J Zac Stein, Jack Altman, Jeffrey Raider, Jon Vaughan, Kyle Parrish, Matrix Partners, Matthew Hertz, Melissa Tan, Merus Capital, OpenView, Otherwise Fund, Praveer Melwani, Sarah Scharf, Thrive Capital, Toby Espinosa, Twum Djin, Vlad Magdalin, and Zack Kanter.
Realtime Robotics – $9.5M
Boston-based Realtime Robotics develops a platform for robots to function seamlessly across deployments with minimal programming. Founded by Dan Sorin, George Konidaris, Peter Howard, Sean Murray, and Will Floyd-Jones in 2016, Realtime Robotics has now raised a total of $71.0M in total equity funding and is backed by Kyobo Life Insurance and Shinhan GIB.
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.
Redpanda Data – $100.0M
San Francisco-based Redpanda Data offers a Kafka-API-compatible streaming platform that unifies historical and real-time data. Founded by Alexander Gallego in 2019, Redpanda Data has now raised a total of $165.5M in total equity funding and is backed by Google Ventures, Haystack, and Lightspeed Venture Partners.
Typeface – $100.0M
San Francisco-based Typeface offers a generative AI application that provides streamlined and personalized content creation for enterprises. Founded by Abhay Parasnis in 2022, Typeface has now raised a total of $165.0M in total equity funding and is backed by Google Ventures, Lightspeed Venture Partners, M12 – Microsoft’s Venture Fund, Madrona, Menlo Ventures, and Salesforce Ventures.
B GARAGE – $20.0M
San Jose-based B GARAGE is an autonomous drone and service company for warehouse inventory management. Founded by Aiden Kim in 2017, B GARAGE has now raised a total of $30.2M in total equity funding and is backed by Ignite Innovation Fund, Krossroad Partners, LB Investment, and Softbank Ventures Asia.
Evommune – $7.5M
Palo Alto-based Evommune is a biotechnology company that develops therapeutics that halt progressive disease and address their symptoms. Founded by Hans Hofland and Luis Pena in 2020, Evommune has now raised a total of $153.0M in total equity funding and is backed by Verition Fund Management.
Clearstory.build – $5.5M
San Francisco-based Clearstory is the only Change Order Communication tool designed to reduce risk for all commercial construction stakeholders. Founded by Brett Umberg and Cameron Page in 2018, Clearstory.build has now raised a total of $17.8M in total equity funding and is backed by Building Ventures, Cloud Apps Capital Partners, GS Futures, and Jackson Square Ventures.
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- Source: https://www.alleywatch.com/2023/07/the-weekly-notable-startup-funding-report-7-3-23/
