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 9/9/23 featuring funding details for Momnt, Delphi, Certa, and thirteen other deals representing $1.1B in new funding that you need to know about.
Arduino – $22.0M
New York-based Arduino is an open-source electronic prototyping platform allowing users to create interactive electronic objects. Founded by David Cuartielles, David Mellis, Gianluca Martino, Massimo Banzi, and Tom Igoe in 2005, Arduino has now raised a total of $54.0M in total equity funding and is backed by Anzu Partners and CDP Venture Capital.
Ascend Elements – $460.0M
Westborough-based Ascend Elements manufactures sustainable battery materials using elements from discarded lithium-ion batteries. Founded by Diran Apelian, Eric Gratz, and Yan Wang in 2015, Ascend Elements has now raised a total of $882.0M in total equity funding and is backed by Agave Partners Capital, Alliance Resource Partners, Alumni Ventures, At One Ventures, BHP Ventures, CMA CGM Ventures, Decarbonization Partners, Fifth Wall, Hitachi Ventures, Mirae Asset, Qatar Investment Authority, Temasek Holdings, and Tenaska.
Atomicwork – $11.0M
San Francisco-based Atomicwork is an employee experience platform that allows users to find information and get help at work. Founded by Kiran Darisi, Parsuram Vijayasankar, and Vijay Rayapati in 2022, Atomicwork has now raised a total of $11.0M in total equity funding and is backed by Blume Ventures, Matrix Partners India, Neon Fund, and Storm Ventures.
Certa – $35.0M
Saratoga-based Certa is a compliance, governance, and risk management platform that provides products for third-party lifecycle management. Founded by Jagmeet Lamba in 2019, Certa has now raised a total of $51.8M in total equity funding and is backed by Aglae Ventures, BDMI, Fin Capital, Goat Capital, MANTIS Venture Capital, Point72 Ventures, Tru Arrow Partners, and Vertex Ventures.
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
CLARA Analytics – $24.0M
Santa Clara-based CLARA Analytics improves claims outcomes in commercial insurance through easy-to-use AI. Founded by Jayant Lakshmikanthan in 2016, CLARA Analytics has now raised a total of $60.5M in total equity funding and is backed by Aspen Capital Group, Oak HC/FT, QBE Ventures, and Spring Lake Equity Partners.
Commsignia – $15.0M
Santa Clara-based Commsignia specializes in the research and development, manufacturing and distribution of cooperative intelligent transportation systems. Founded by Andras Takacs and Laszlo Virag in 2012, Commsignia has now raised a total of $26.0M in total equity funding and is backed by Credo Ventures, Day One Capital, Inference Partners, Inventure, Karma Ventures, Partech, PortfoLion Capital Partners, Qualcomm Ventures, and Samsung Catalyst Fund.
d-Matrix – $110.0M
Santa Clara-based D-Matrix is a computing platform that targets artificial intelligence inferencing workloads in the datacenter. Founded by Sid Sheth and Sudeep Bhoja in 2019, d-Matrix has now raised a total of $154.0M in total equity funding and is backed by Archerman Capital, Cortes capital, Entrada Ventures, Ericsson Ventures, Industry Ventures, Lam Capital, M12 – Microsoft’s Venture Fund, Marlan Holding, Mirae Asset, Nautilus Venture Partners, Palo Alto Networks, Playground Global, Samsung Ventures, Temasek Holdings, and TGC Square.
Imbue – $200.0M
San Francisco-based Imbue is an independent research lab that trains foundational models to develop AI agents. Founded by Josh Albrecht and Kanjun Qiu in 2021, Imbue has now raised a total of $220.0M in total equity funding and is backed by Astera Institute, Kyle Vogt, NVIDIA, Simon Last, and The White House.
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Momnt – $15.0M
Atlanta-based Momnt is a financial technology platform that offers point-of-need lending solutions to businesses. Founded by Barclay Keith, Brian Lanehart, and Lena McDearmid in 2020, Momnt has now raised a total of $33.0M in total equity funding and is backed by Rockefeller Capital Management, Saluda Grade, and TruStage.
Skinny Dipped Almonds – $12.0M
Seattle-based Skinny Dipped Almonds is a snack food company that offers chocolate-covered almond treats. Founded by Breezy Griffith and Chrissy Haller in 2014, Skinny Dipped Almonds has now raised a total of $35.1M in total equity funding and is backed by Alesso, Amy Schumer, Becky G, Bruno Soares, Charissa Davidovici, David Grutman, Frances Tiafoe, Gary Brecka, Guy Oseary, Isabela Grutman, Joel McHale, Kevin Durant, Loren Ridinger, Mack Maine, Malone Post, Mark Wahlberg, Marshmello, Moe Shalizi, Odell Beckham Jr., Rebeca Leon, Rich Kleiman, Ryan Raddon (Kaskade), Ryan Tedder, Sebastian Ingrosso, Shep Gordon, Sol-Xo, Steve Aoki, Tan France, and Wassim Joseph Slaiby.
point.me – $10.0M
New York-based point.me is the maker of an online search tool that makes it easy to discover real-time reward flight options. Founded by Adam Morvitz and Tiffany Funk in 2020, point.me has now raised a total of $12.0M in total equity funding and is backed by Carl de Marcken, Dave Baggett, Flucas Ventures, Gaingels, MoreThan Capital, PAR Capital Management, Plug and Play Ventures, RiverPark Ventures, and Thayer Ventures.
TANGGapp – $2.5M
Cambridge-based TANGapp is a mobile transaction and payments application. Founded by Rebecca Kersch in 2019, TANGGapp has now raised a total of $2.5M in total equity funding and is backed by Foxmont Capital Partners, Goodwater Capital, Manila Angel Investors Network, North Fifth Asia, and TEN13.
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Delphi – $2.7M
Miami-based Delphi is digital cloning that scales time, monetizes knowledge, and interacts audience at scale. Founded by Dara Ladjevardian and Sam Spelsberg in 2022, Delphi has now raised a total of $2.7M in total equity funding and is backed by Avlok Kohli, Balaji Srinivasan, Founders Fund, John Coogan, Lux Capital, Matteo Franceschetti, Modern Venture Partners, SaxeCap, and Xfund.
Boston Metal – $122.0M
Woburn-based Boston Metal is a metallurgy company developing technology to reduce the carbon footprint of steel production. Founded by Antoine Allanore, Donald Sadoway, and Jim Yurko in 2012, Boston Metal has now raised a total of $332.0M in total equity funding and is backed by Aramco Ventures, Baillie Gifford, BHP Ventures, Breakthrough Energy Ventures, Goehring & Rozencwajg Associates, M&G Investments, Microsoft Climate Innovation Fund, and Prelude Ventures.
Ambient Photonics – $30.0M
Mill Valley-based Ambient Photonics is a low light energy harvesting PV cells for smart home, consumer electronics, and IoT devices. Founded by Bates Marshall and Kethinni Chittibabu in 2019, Ambient Photonics has now raised a total of $61.0M in total equity funding and is backed by Cthulhu Ventures, Ecosystem Integrity Fund, Fine Structure Venture, Helios Climate Ventures, I Squared Capital, Regeneration.VC, and Sustainable Future Ventures.
Numeral – $3.6M
San Francisco-based Numeral provides fully automated revenue recognition and transaction-level cash reconciliation for high-volume businesses. Founded by Christopher Kim and Yufei Liu in 2022, Numeral has now raised a total of $4.6M in total equity funding and is backed by AngelList and Bienville Capital.
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
See important disclosures at masterworks.com/cd
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- Source: https://www.alleywatch.com/2023/09/the-weekly-notable-startup-funding-report-9-11-23/
