The Weekly Notable Startup Funding Report takes 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 fundings for the week ending 4/11/20 featuring funding details for Okera, Node, Podium, Teamworks, and much more.
AlertMedia — $15.0M – Series C
Austin-based AlertMedia provides a critical communications platform and monitoring services to enterprise customers. Founded by Brian Cruver in 2013, AlertMedia has now raised a total of $57.0M in total equity funding and is backed by investors that include JMI Equity, Next Coast Ventures, and Silverton Partners.
Bugcrowd — $30.0M – Series D
San Francisco-based Bugcrowd harnesses the power of a global community of security researchers to surface critical software vulnerabilities. Founded by Casey Ellis, Chris Raethke, and Sergei Belokamen in 2012, Bugcrowd has now raised a total of $78.7M in total equity funding and is backed by investors that include Rally Ventures.
CircleCI — $100.0M – Series E
San Francisco-based CircleCI is a continuous integration and delivery platform for teams looking to shorten the distance between idea and delivery. Founded by Allen Rohner and Paul Biggar in 2011, CircleCI has now raised a total of $215.0M in total equity funding and is backed by investors that include IVP (Institutional Venture Partners) and Sapphire Ventures.
Cohesity — $250.0M – Series E
San Jose-based Cohesity offers hyper-converged secondary storage for backups, test/dev, file services and, analytics use cases. Founded by Mohit Aron in 2013, Cohesity has now raised a total of $660.0M in total equity funding and is backed by investors that include Baillie Gifford, Cisco Investments, DFJ Growth, Foundation Capital, Greenspring Associates, Hewlett Packard Enterprise, Sequoia Capital, SoftBank Vision Fund, Sozo Ventures, and Wing Venture Capital.
Shippo — $30.0M – Series C
San Francisco-based Shippo is a multi-carrier shipping API and web app that helps businesses navigate the complexities of shipping. Founded by Laura Behrens Wu, Max M. Diez, and Simon Kreuz in 2013, Shippo has now raised a total of $59.3M in total equity funding and is backed by investors that include Bessemer Venture Partners, D1 Capital Partners, Uncork Capital, Union Square Ventures, and Version One Ventures.
Node — $6.0M – Venture
San Francisco-based Node is an AI-as-a-service solution intended for platforms that leverages people and company data. Founded by Falon Fatemi in 2014, Node has now raised a total of $45.3M in total equity funding and is backed by investors that include Artco, Canaan Partners, GingerBread Capital, Kenneth Goldman, Mark Cuban, and NewView Capital.
Okera — $15.0M – Series B
San Francisco-based Okera enables the management of data access and governance at scale for today’s modern heterogeneous data environments. Founded by Amandeep Khurana and Nong Li in 2016, Okera has now raised a total of $29.6M in total equity funding and is backed by investors that include Bessemer Venture Partners, ClearSky, and Felicis Ventures.
Universe — $10.0M – Series A
Brooklyn-based Universe is a mobile app that enables users to create websites using their mobile phones. Founded by Joseph Cohen in 2014, Universe has now raised a total of $17.3M in total equity funding and is backed by investors that include GV and Michael Mignano.
Podium — $125.0M – Series C
Lehi-based Podium is a customer communication platform for businesses that interact with customers on a local level. Founded by Dennis Steele and Eric Rea in 2014, Podium has now raised a total of $217.6M in total equity funding and is backed by investors that include Accel, Alkeon Capital, GV, IVP (Institutional Venture Partners), Recruit Corporation, Sapphire Ventures, Summit Partners, and YC Continuity.
SourceDay — $12.5M – Series B
Austin-based SourceDay automates direct procurement to simplify complex buying processes by driving collaboration between procurement and suppliers to improve supplier performance and reduce procurement costs. Founded by Clint McRee and Tom Kieley in 2013, SourceDay has now raised a total of $22.5M in total equity funding and is backed by investors that include ATX Venture Partners, Baird Capital, Draper Associates, and Silverton Partners.
Teamworks — $25.0M – Series C
Durham-based Teamworks is a communication and operations platform for athletic organizations. Founded by Mitch Heath, Shaun Powell, and Zachary Maurides in 2004, Teamworks has now raised a total of $46.3M in total equity funding and is backed by investors that include Afia Capital, Delta-v Capital, DUMAC, General Catalyst, Reggie Love, Seaport Capital, Stadia Ventures, and Steve Pagliuca.
Thrasio — $75.0M – Series B
Medfield-based Thrasio is an acquirer of Amazon third-party private-label businesses. Founded by Carlos Cashman and Joshua Silberstein in 2018, Thrasio has now raised a total of $101.5M in total equity funding and is backed by investors that include PEAK6 Investments, L.P., RiverPark Ventures, Upper90, and Western Technology Investment.
Tonkean — $24.0M – Series A
San Francisco-based Tonkean is an AI-powered operating system that autonomously manages, organizes and executes businesses’ workflows. Founded by Offir Talmor and Sagi Eliyahu in 2015, Tonkean has now raised a total of $31.2M in total equity funding and is backed by investors that include Foundation Capital, Lightspeed Venture Partners, Magma Venture Partners, and Slow Ventures.
