The Weekly Notable Startup Funding Report travels through the various ecosystems in the United States, highlighting notable fundraising activity in the various markets we track. The Weekly Notable Startup Funding Rounds ending 8/10/24 includes funding details for Rewst, Datch, Climatize, and 18 deals representing $3 billion in new funding.
Flight – $225.0M
Headquartered in Santa Monica, FLYR is a technology company that uses AI to help airlines and hotels. Founded in 2013 by Alexander Mans, Cyril Guiraud, and Jean Tripier, FLYR has raised $411.8 million in total capital and is backed by Vista Credit Partners.
Seeq – $50.0M
Headquartered in Seattle, Seeq is a software company that accelerates industrial process analytics for process manufacturing data. Founded in 2012 by Brian Parsonnet and Steve Sliwa, Seeq has raised a total of $163.2 million in capital and is supported by Altira Group, Insight Partners, Saudi Aramco Energy Ventures, Second Avenue Partners, and Sixth Street.
Abnormal Security – $250.0M
Abnormal Security, headquartered in San Francisco, is an email security company that protects businesses and organizations from targeted email attacks. Founded in 2018 by Evan Reiser and Sanjay Jeyakumar, Abnormal Security has raised a total of $534 million in capital and is backed by CrowdStrike Falcon Fund, Greylock, Insight Partners, Menlo Ventures, and Wellington Management.
Andrea – $18.0M
Andrena, based in New York, is the developer of an internet distribution platform designed to provide high-speed internet at low cost. Founded in 2016 by James Smits and Neil Chatterjee, Andrena has raised a total of $35.6 million in capital and is supported by Castle Island Ventures, CMT Digital, Dragonfly, and Wintermute Ventures.
Daechi – $15.0M
Headquartered in San Francisco, Datch provides AI-based mobile solutions for frontline asset management. Founded in 2018 by Ben Purcell and Mark Fosdike, Datch has raised a total of $28.7 million in equity funding and is supported by Blackhorn Ventures, Blue Bear Capital, Susquehanna International Group (SIG), and Third Prime.
The AlleyWatch audience is driving progress and innovation on a global scale. There are multiple 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 makes up the majority of key decision makers in the NYC business community and beyond. Learn more about advertising on NYC Tech..
Grok – $640.0M
Headquartered in Mountain View, Groq radically simplifies computing to accelerate workloads in artificial intelligence, machine learning, and high-performance computing. Founded in 2016 by Jonathan Ross, Groq has raised $1 billion in total capital and is backed by BlackRock, Cisco Investments, Global Brain Corporation, Neuberger Berman, Samsung Catalyst Fund, Type One Ventures, and Verdure Capital Management.
Growlink – $2 million
Headquartered in Denver, Growlink develops environmental control, irrigation control, hardware and software products for the agricultural sector. Founded in 2015 by Ted Tanner, Growlink has raised $2 million in total capital and is supported by Casa Verde Capital.
Levitate – $15.0M
Levitate, headquartered in Raleigh, develops a relationship marketing platform that provides communication tools and AI dashboards. Founded in 2017 by Jesse Lipson, Levitate has raised $55 million in total capital and is supported by Bull City Venture Partners, Harbert Growth Partners, and Northwestern Mutual Future Ventures.
Mechanical Orchard – $50.0M
Headquartered in San Francisco, Mechanical Orchard is a GenAI-based technology company that modernizes critical legacy applications without disruption. Founded in 2022 by Dan Podsedly, Matthew Work, and Rob Mee, Mechanical Orchard has raised $81 million in total capital and is backed by Google Ventures.
Metadome.ai – $6.5 million
Headquartered in Troy, Metadome.ai is an immersive 3D and XR technology company that enables cloud-based and photorealistic customer experiences for brands. Founded in 2016 by Kanav Singla, Prashant Sinha, and Shorya Mahajan, Metadome.ai has raised a total of $10.5 million in capital and is supported by 3to1 Capital, Alteria Capital, Chiratae Ventures, Manish Choksir’s family office, and Siana Capital Management.
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Muon Space – $56.7 million
Muon Space, based in Mountain View, designs, builds, and operates constellations of orbiting satellites to provide mission-critical data. Founded in 2021 by Dan McCleese, Jonathan Dyer, Pascal Stang, Paul Day, and Reuben Rohrschneider, Muon Space has raised $91.7 million in total capital and is supported by ACME Capital, Activate Capital Partners, Congruent Ventures, Costanoa Ventures, and Radical Ventures.
Neon – $25.0M
Headquartered in Menlo Park, Neon is an open source database company that provides a serverless Postgres platform for developers to build applications. Founded in 2021 by Heikki Linnakangas, Nikita Shamgunov, and Stas Kelvich, Neon has raised $129 million in total capital and is backed by Abstract Ventures, General Catalyst, M12 – Microsoft’s Venture Fund, Menlo Ventures, and Notable Capital.
Octane – $50.0M
Headquartered in New York, Octane is a financial technology company focused on providing financing solutions for recreational purchases. Founded in 2014 by Andre Gregori, Daniel Petkevich, Jason Guss, Mark Davidson, Mark Garro, and Michael Fanfant, Octane has raised a total of $221.2 million in capital and is supported by Upper90 and Valar Ventures.
Rust – $45.0M
Headquartered in Tampa, Rewst develops robotic process automation technology for small managed service providers. Founded in 2020 by Aharon Chernin and Gary Pica, Rewst has raised $124 million in total capital and is supported by Meritech Capital Partners, OpenView, and Sapphire Ventures.
Cent – $40.0M
Headquartered in New York, Cents provides an all-in-one management system for laundries and dry cleaners. Founded in 2019 by Alexander Jekowsky, Gilli Cherrin, Pramod Dabir, and Pramod Dabir, Cents has raised $74.2 million in total capital and is backed by 1517 Fund, Alumni Ventures, Anchor Capital GP, Bessemer Venture Partners, Camber Creek, Derive Ventures, FJ Labs, J-Ventures, Rosecliff Ventures, RXR, Salil Pitroda, Sam Pillar, Steve Fredette, Tech Pioneers Fund, Tiger Global Management, and Verdure Capital Management. AlleyWatch has an exclusive report covering the round and more: Cents Raises $40 Million for All-in-One Solution for Garment Care Businesses
Anduril Industries – $1.5 billion
Anduril Industries, headquartered in Costa Mesa, is a defense products company building technology for military agencies and border surveillance. Founded in 2017 by Brian Schimpf, Joseph Chen, Matt Grimm, Palmer Luckey, and Trae Stephens, Anduril Industries has raised a total of $3.7 billion in capital and is supported by Altimeter Capital, Baillie Gifford, Counterpoint Global, Fidelity, Founders Fund, Franklin Venture Partners, and Sands Capital Ventures.
The AlleyWatch audience is driving progress and innovation on a global scale. There are multiple 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 makes up the majority of key decision makers in the NYC business community and beyond. Learn more about advertising on NYC Tech..
Badin – $3.0M
Headquartered in San Francisco, Bardeen.ai provides AI agents for businesses to automate tasks and remove workflow friction. Founded in 2020 by Artem Harutyunyan and Pascal Christian Weinberger, Bardeen has raised a total of $21.8 million in capital and is backed by Dropbox Ventures and HubSpot Ventures.
Boostree – $5.6 million
Headquartered in Lehi, Boostly uses SMS marketing to automatically engage restaurant customers and drive additional future orders. Founded in 2017 by Mikey Murphy and Shane Murphy, Boostly has raised $5.6 million in total capital and is backed by Relish Works, Singularity Capital, Trestle Partners, and Y Combinator.
Branch Energy – $10.8M
Branch Energy, headquartered in Austin, is a technology-based green energy company that reduces electricity consumption and supports clean energy projects. Founded in 2020 by Alexander Ince-Cushman, Daniel MacDonald, and Todd Burgess, Branch Energy has raised a total of $16.3 million in capital and is supported by Prelude Ventures and Zero Infinity Partners.
Climatize – $1.8M
Headquartered in Santa Cruz, Climatize is a mobile app that allows customers to invest their spare cash into renewable energy projects. Founded in 2019 by Alba Forns and William Wiseman, Climatize has raised a total of $1.9 million in capital and is backed by Climate Capital, Microsoft, Myriad Venture Partners, Responsibly Ventures, Techstars, and Temerity Capital Partners.
Tank – $11.0M
Chariot, headquartered in New York, is a DAF tool designed for nonprofits to raise funds and donations. Founded in 2022 by Aaron Kahane, Drew Schneider, and Salomon Serfati, Chariot has raised $11.5 million in total capital and is supported by Maveron.