The Weekly Notable Startup Funding Report takes a tour of the various ecosystems in the United States, highlighting notable fundraising activity in the various markets we track. Notable Startup Funding Rounds for the week ending 9/7/24 include funding details for Revefi, Demex, Cortex, and 14 other deals, representing $1.4 billion in new funding you need to know about.
3DEO – $3.5 million
Headquartered in Torrance, 3DEO is a 3D metal printing company focused on mass production of small metal parts, assemblies, and subsystems. Founded in 2016 by Matt Sand, Matthew Petros, and Payman Torabi, 3DEO has raised a total of $38.3 million in capital and is supported by Mizuho Bank.
Approveit – $1 million
Approveit, headquartered in San Francisco, is a business process management software that automates business workflows to improve operational efficiency. Founded in 2021 by Dmitry Matveev and Serge Gusev, Approveit has raised $1 million in total capital and is supported by 10vc, Telegraph Hill Capital, and Verras Capital.
Cortex – $60.0M
Headquartered in San Francisco, Cortex is the leading internal developer portal that empowers engineering teams to do their best work. Founded in 2019 by Anish Dhar, Ganesh Datta, and Nikhil Unni, Cortex has raised a total of $112.7 million in capital and is supported by Alpha Square Group, Cross Creek, IVP, John Collison, Patrick Collison, Scale Venture Partners, Sequoia Capital, World Innovation Lab (WiL), and Y Combinator.
Oyster – $59.0M
Headquartered in Charlotte, Oyster is a decentralized HR platform that allows companies to hire, pay, and care for their team members. Founded in 2020 by Jack Mardack and Tony Jamous, Oyster has raised a total of $283.2 million in capital and is backed by Emergence, Endeavor Catalyst, G2 Venture Partners, Georgian, Silver Lake Waterman, and Stripes.
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..
Mintly Pie – $18.5 million
Headquartered in San Francisco, Mintlify simplifies the creation, maintenance, and publishing of software documentation, freeing developers to focus on their core tasks. Founded in 2022 by Hahnbee Lee and Han Wang, Mintlify has raised a total of $21.7 million in capital and is backed by Andreessen Horowitz, Bain Capital, and Y Combinator.
Segmentation – $10.4M
Headquartered in Palo Alto, Segmed is an RWE governance platform that provides clinical data and medical imaging for platform solutions. Founded in 2019 by Cailin Hardell, Jie Wu, Martin Willemink, and Wojciech Adam Koszek, Segmed has raised a total of $20.4 million in capital and is supported by Advocate Health, Blumberg Capital, Bold Brain Ventures, Castellan Group, Engine Health Capital, Expeditions Fund, Fox Chase Cancer Center, iGan Partners, Nina Capital, NovaCapital, and Y Combinator.
Switch Bioworks – $17.0M
Switch Bioworks, based in San Carlos, produces sustainable nitrogen fertilizer by reprogramming naturally occurring symbiotic microbes to produce fertilizer. Founded in 2022 by Tim Schnabel, Switch Bioworks has raised $23.6 million in total capital and is supported by Acre Venture Partners, Ag Ventures Alliance, Anthos Capital, Astanor Ventures, Change Capital Partners, Emerson Collective, Grantham Foundation, and Thia Ventures.
Demex – $10.3 million
Headquartered in Washington, Demex provides operational climate risk coverage and sustained climate risk reinsurance services. Founded in 2020 by Edward Byrns and Stephen Bennett, Demex has raised a total of $28.5 million in equity and is supported by Blue Bear Capital, Congruent Ventures, MetaProp, and Moxxie Ventures.
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24M Technologies – $87.0M
Headquartered in Cambridge, 24M Technologies develops energy storage systems for grid and transportation applications. Founded in 2010 by Throop Wilder, W. Craig Carter, and Yet-Ming Chiang, 24M Technologies has raised $181.6 million in total capital and is supported by Asahi Kasei, Dai Nippon Printing, Kyocera, Lucas TVS, Mitsui OSK Lines, and Nuovo Plus.
Mangomint – $35.0M
Headquartered in Los Angeles, Mangomint is the top-rated salon and spa software in the U.S. and Canada. Founded in 2017 by Dan Poineau, Daniel Lang, and Sandra Huber, Mangomint has raised a total of $49.8 million in capital and is supported by Altos Ventures and SaaStr Fund.
Laravel – $57 million
Laravel, based in Arkansas City, is an open source PHP web application framework commonly used for developing web applications. Founded in 2011 by Taylor Otwell, Laravel has currently raised $57 million in total capital and is backed by Accel.
Safe Superintelligence – $1.0B
Safe Superintelligence, located in Palo Alto, is an artificial intelligence research lab that solves the technical challenge of building superhuman intelligence. Founded in 2024 by Daniel Gross, Daniel Levy, and Ilya Sutskever, Safe Superintelligence has raised a total of $1 billion in capital and is supported by Andreessen Horowitz, DST Global, NFDG Ventures, Sequoia Capital, and SV Angel.
ATLAS Space Operations – $15.0M
Headquartered in Traverse City, ATLAS Space Operations is a satellite communications as a service that delivers data faster. Founded in 2015 by Brad Bode, Mike Carey, and Sean McDaniel, ATLAS Space Operations has raised $45.5 million in total capital and is supported by Beringea, Boomerang-Catapult, Michigan Capital Network, Michigan Rise, NewSpace Capital, Red Cedar Venture, and Wakestream 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..
Revefi – $20 million
Headquartered in Redmond, Revefi is an AI data engineering company that uses generative AI and automation to help customers maximize ROI from their data warehouse tools. Founded in 2021 by Sanjay Agrawal and Shashank Gupta, Revefi has raised a total of $30.5 million in capital and is supported by GTM Capital, Icon Ventures, Mayfield Fund, and StepStone Group.
Dub Club – $7.5 million
Headquartered in San Francisco, DubClub is an online platform where people can consume, discuss, and purchase premium sports content from creators. Founded in 2021 by Andrew Daschbach, Lewis Burik, and Ryan Gaertner, DubClub has raised $11 million in total capital and is supported by Dave Gilboa and Renegade Partners.
Benova Medical – $30.0M
Venova Medical, headquartered in Los Gatos, develops vascular access systems for patients requiring renal replacement therapy. Founded in 2018 by Erik van der Burg and Shant Vartanian, Venova Medical has raised $38 million in total capital and is supported by Aphelion Capital, Cadence Healthcare Ventures, Catalyst Health Ventures, KOFA Healthcare Investments, Mirae Asset Capital, and Shangbay Capital.
Cytotronics – $13.5 million
Headquartered in Boston, CytoTronics designs and develops cell culture plates with built-in high-density electronic systems. Founded in 2020 by Duane Sword, CytoTronics has raised $22.8 million in total capital and is supported by Anzu Partners, BoxOne Ventures, Draper Associates, Legend Star, LYFE Capital, and RIT Venture Fund I, LLC.