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 5/9/20 featuring funding details for Emtrain, Medable, Robinhood, and much much more.
Cockroach Labs — $86.6M – Series D
New York-based Cockroach Labs is the company behind CockroachDB, an open-source, distributed SQL database. Founded by Benjamin Darnell, Peter Mattis, and Spencer Kimball in 2015, Cockroach Labs has now raised a total of $195.1M in total equity funding and is backed by investors that include Altimeter Capital, Benchmark, Bond, FirstMark, GV, Index Ventures, Redpoint, Sequoia Capital, and Tiger Capital.
Covariant — $40.0M – Series B
Berkeley-based Covariant is a developer of artificial intelligence for robotics. Founded by Peter Chen, Pieter Abbeel, Rocky Duan, and Tianhao Zhang in 2017, Covariant has now raised a total of $67.0M in total equity funding and is backed by investors that include Amplify Partners, Index Ventures, and Radical Ventures.
Emtrain — $8.0M – Series A
San Francisco-based Emtrain provides online education and guidance on HR and compliance topics. Founded by Janine Yancey in 2006, Emtrain has now raised a total of $10.0M in total equity funding and is backed by investors that include Education Growth Partners.
GigaSpaces Technologies — $12.0M – Venture
New York-based GigaSpaces provides the leading in-memory computing platform for fast data analytics and extreme transaction processing. Founded by Eli Cohen and Nati Shalom in 2000, GigaSpaces Technologies has now raised a total of $46.0M in total equity funding and is backed by investors that include BRM Capital, Claridge Israel, and Fortissimo Capital.
Grail — $390.0M – Series D
Menlo Park-based Grail is developing a blood test that will help reveal cancers at their early stages. Founded by Alex Aravanis and Jeff Huber in 2016, Grail has now raised a total of $2.1B in total equity funding and is backed by investors that include Canada Pension Plan Investment Board, Illumina, and PSP Investments.
Groove — $12.2M – Series A
San Francisco-based Groove is a sales engagement platform that automates non-sales activities so that sales teams can spend time generating revenue. Founded by Alexander Kerschhofer, Austin Wang, and Chris Rothstein in 2014, Groove has now raised a total of $16.0M in total equity funding and is backed by investors that include Capital One Growth Ventures, Level Equity Management, Quest Venture Partners, and Uncork Capital.
Instabug — $5.0M – Series A
San Francisco-based Instabug is a computer software company that offers services for mobile app developers to help them in testing their applications. Founded by Moataz Soliman and Omar Gabr in 2014, Instabug has now raised a total of $7.1M in total equity funding and is backed by investors that include Accel, Amr Awadallah, and Jim Payne.
Invisible AI — $3.6M – Seed
San Francisco-based Invisible AI is a next-generation computer vision company. Founded by Eric Danziger and Prateek Sachdeva in 2018, Invisible AI has now raised a total of $4.1M in total equity funding and is backed by investors that include 8VC, iRobot, Jackson Moses, K9 Ventures, Sierra Ventures, and Slow Ventures.
Knock — $12.0M – Series B
Seattle-based Knock is a software-as-a-service platform that provides sales and marketing services for residential property management companies. Founded by Demetri Themelis and Tom Petry in 2014, Knock has now raised a total of $26.7M in total equity funding and is backed by investors that include Lead Edge Capital, Madrona Venture Group, and Seven Peaks Ventures.
LetsGetChecked — $71.0M – Series C
New York-based LetsGetChecked is an at-home health testing platform that connects customers to regulated laboratory testing. Founded by Peter Foley in 2014, LetsGetChecked has now raised a total of $113.0M in total equity funding and is backed by investors that include Angeles Investment Advisors, Common Fund, Deerfield, HLM Venture Partners, Illumina Ventures, Optum Ventures, Qiming Venture Partners USA, and Transformation Capital.
Limbix — $9.0M – Series A
Palo Alto-based Limbix is a prescription digital therapeutics platform intended to provide mental health treatment for young people. Founded by Ben Lewis, Jonathan Sockell, and Scott Satkin in 2016, Limbix has now raised a total of $16.0M in total equity funding and is backed by investors that include BIXINK Therapeutics, GSR Ventures, NextGen Venture Partners, Sequoia Capital, and Storm Ventures.
Medable — $25.0M – Venture
Palo Alto-based Medable is transforming clinical research and predictive medicine by creating a platform powered by patient generated data. Founded by James Sas, Michelle Longmire, and Tim Smith in 2015, Medable has now raised a total of $33.2M in total equity funding and is backed by investors that include GSR Ventures and Pharmaceutical Product Development.
Pulmonx — $66.0M – Series H
Redwood City-based Pulmonx provides minimally-invasive medical devices and technologies for the diagnosis and treatment of pulmonary disorders. Founded by Rodney Perkins in 1998, Pulmonx has now raised a total of $232.9M in total equity funding and is backed by investors that include Adage Capital Management, Ally Bridge Group, HealthQuest Capital, Partner Fund Management, and Rock Springs Capital.
Robinhood — $280.0M – Series F
Menlo Park-based Robinhood is a stock brokerage that allows customers to buy and sell U.S. stocks, options, ETFs, and cryptocurrencies with zero commission. Founded by Baiju Bhatt and Vlad Tenev in 2013, Robinhood has now raised a total of $1.2B in total equity funding and is backed by investors that include 9Yards Capital, New Enterprise Associates (NEA), Ribbit Capital, Sequoia Capital, and Unusual Ventures.
Treasury Prime — $9.0M – Series A
San Francisco-based Treasury Prime builds APIs that let both banks and their corporate customers automate their banking operations. Founded by Chris Dean and Jim Brusstar in 2017, Treasury Prime has now raised a total of $11.5M in total equity funding and is backed by investors that include Amias Gerety, Jason Lemkin, John C. Morris, and Y Combinator.
