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 9/23/23 featuring funding details for Hidderlyaer, Atyls, MotherDuck and ten other deals representing $713M in new funding that you need to know about.
Catalyte – $1.5M
Baltimore-based Catalyte is an AI-driven company that discovers high-potential talent, develops them, and deploys them directly into client organizations. Founded by Christopher Papile and Michael Rosenbaum in 2000, Catalyte has now raised a total of $64.8M in total equity funding and is backed by Green Street Impact Partners.
Diligent Robotics – $25.0M
Austin-based Diligent Robotics develops AI-powered robot assistants to collaborate with and adapt to humans in everyday environments. Founded by Andrea Thomaz and Vivian Chu in 2016, Diligent Robotics has now raised a total of $70.2M in total equity funding and is backed by Canaan Partners, DNX Ventures, Next Coast Ventures, Northwestern Medicine Innovation, and True Ventures.
Dragos – $74.0M
Hanover-based Dragos is an industrial cybersecurity company that detects and responds to threats in industrial control systems. Founded by Jon Lavender, Justin Cavinee, and Robert M. Lee in 2016, Dragos has now raised a total of $432.2M in total equity funding and is backed by WestCap.
Writer – $100.0M
San Francisco-based Writer is a full-stack generative AI platform that helps businesses use large language models to generate written content. Founded by May Habib and Waseem AlShikh in 2020, Writer has now raised a total of $126.0M in total equity funding and is backed by Accenture, Aspect Ventures, Balderton Capital, Gradient Ventures, ICONIQ Growth, Insight Partners, Vanguard, and WndrCo.
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.
HiddenLayer – $50.0M
Austin-based HiddenLayer provides a software-based platform that helps enterprises monitor the inputs and outputs of machine-learning algorithms. Founded by Chris Sestito, James Ballard, and Tanner Burns in 2022, HiddenLayer has now raised a total of $87.9M in total equity funding and is backed by Booz Allen Ventures, Capital One Ventures, IBM Ventures, M12 – Microsoft’s Venture Fund, Moore Strategic Ventures, and Ten Eleven Ventures.
Legit Security – $40.0M
Palo Alto-based Legit Security provides an enterprise SaaS solution that protects an organization’s software supply chain from attack. Founded by Liav Caspi, Lior Barak, and Roni Fuchs in 2021, Legit Security has now raised a total of $73.5M in total equity funding and is backed by Bessemer Venture Partners, CRV, Cyberstarts, and TCV.
Mapbox – $280.0M
San Francisco-based Mapbox powers navigation for people, packages, and vehicles. Founded by Bonnie Bogle, Eric Gundersen, Will White, and Young Hahn in 2010, Mapbox has now raised a total of $613.6M in total equity funding and is backed by SoftBank.
Mesh – $22.0M
San Francisco-based Financial connectivity reimagnined Founded by Adam Israel and Bam Azizi in 2020, Mesh has now raised a total of $31.5M in total equity funding and is backed by AltaIR Capital, Arash Ferdowsi, B3 Capital, Florida Funders, Galaxy Venture Capital, Gokul Rajaram, Hike Ventures, Matthew Ocko, Money Forward, NETWORK VC, Samsung NEXT, SNR.vc, Streamlined Ventures, The Heitner Group, and Valon Capital.
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MotherDuck – $52.5M
Seattle-based MotherDuck provides data infrastructure and analytics for both small and big data. Founded by Jordan Tigani, Leila Horejsi, Ryan Boyd, and Valentino Tereshko in 2022, MotherDuck has now raised a total of $100.0M in total equity funding and is backed by Altimeter, Amplify Partners, Andreessen Horowitz, Felicis, Madrona, Redpoint, and Zero Prime Ventures.
Vivante Health – $31.0M
Chicago-based Vivante Health is a digital digestive health platform that offers personalized care for people with digestive conditions. Founded by Kimon Angelides in 2016, Vivante Health has now raised a total of $47.0M in total equity funding and is backed by 7wire Ventures, Distributed Ventures, Health Catalyst Capital, Human Capital, Intermountain Ventures, Mercato Partners, and SemperVirens Venture Capital.
Atlys – $12.0M
San Francisco-based Atlys provides innovative software solutions to streamline business operations and enhance productivity. Founded by Mohak Nahta in 2020, Atlys has now raised a total of $28.3M in total equity funding and is backed by Andreessen Horowitz, Elevation Capital, Peak XV Partners, and South Park Commons.
Levelpath – $30.0M
San Francisco-based Levelpath is a procurement platform designed to simplify workflows and approvals across all business sizes. Founded by Alex Yakubovich and Stan Garber in 2022, Levelpath has now raised a total of $44.5M in total equity funding and is backed by Menlo Ventures, NewView Capital, Redpoint, and World Innovation Lab (WiL).
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/2023/09/the-weekly-notable-startup-funding-report-9-25-23/
