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 6/6/20 featuring funding details for RiskIQ, Inky, Vacasa, and much much more.
Betterview — $7.5M
San Francisco-based Betterview is a Remote Property Intelligence platform for property insurers Founded by Dave Tobias and David Lyman in 2014, Betterview has now raised a total of $17M in total equity funding and is backed by investors that include Chestnut Street Ventures, Compound, EMC Insurance Companies, Guidewire Software, ManchesterStory Group, Nationwide, and Winklevoss capital.
Cloud9 Technologies — $17.5M – Series B
New York-based Cloud 9 Technologies is a cloud communications service provider that provides high-performance voice, messaging and collaboration services designed for the unique needs of distributed workgroups and teams. Founded by Gerald Starrâ Leo Papadopoulos and Stephen J. Kammerer in 2013, Cloud9 Technologies has now raised a total of $61.5M in total equity funding and is backed by investors that include Barclays Investment Bank, JP Morgan Chase, and UBS Investment Bank.
Superpedestrian — $15.0M – Venture
Cambridge-based Superpedestrian is a venture-backed company developing lightweight electric vehicles with integrated online platforms. Founded by Assaf Biderman in 2012, Superpedestrian has now raised a total of $78.7M in total equity funding and is backed by investors that include Edison Partners.
Ezra AI — $18.0M – Series A
New York-based Ezra AI provides early cancer detection by combining advanced medical imaging technology and AI research. Founded by Diego Cantor and Emi Gal in 2018, Ezra AI has now raised a total of $22.0M in total equity funding and is backed by investors that include Accomplice, Andrei Dunca, Credo Ventures, Daniel Dines, Dave McClure, David Gilboa, Esther Dyson, FirstMark, Founders Future, Fred Destin, Jeffrey Raider, Jeremy Arditi, LDV Capital, Seedcamp, Taavet Hinrikus, and Vlad Tenev.
Hyperscience — $60.0M – Series C
New York-based Hyperscience is a technology company blazing a new path in enterprise automation with a reimagined approach to building and powering processes. The Hyperscience Platform is the world’s first Software-Defined, Input-to-Outcome Automation platform used by the global 2000s and government organizations around the world to build and run mission-critical processes with ease and speed. Hyperscience helps enterprises quickly build and roll out new business processes with built-in automations, reduce manual errors, increase high and low-skill employees’ productivity, and eliminate the need for costly transformation. Founded by Krasimir Marinov, Peter Brodsky, and Vladimir Tzankov in 2014, Hyperscience has now raised a total of $108.9M in total equity funding and is backed by investors that include Battery Ventures, Bessemer Venture Partners, Felicis Ventures, FirstMark, Gaingels, Penna & Company, Stripes, Third Kind Venture Capital, and Tiger Global Management.
Inky — $20.0M – Series B
College Park-based Inky is a cyber-security company that secures email against phishing. Founded by Dave Baggett and Simon Smith in 2008, Inky has now raised a total of $31.8M in total equity funding and is backed by investors that include Insight Partners.
Locus Robotics — $40.0M – Series D
Wilmington-based Locus Robotics is a warehouse robotics company that manufactures autonomous, mobile robots to support e-commerce. Founded by Bruce E. Welty and Rick Faulk in 2014, Locus Robotics has now raised a total of $99.0M in total equity funding and is backed by investors that include Scale Venture Partners and Zebra Ventures.
RiskIQ — $15.0M – Series D
San Francisco-based RiskIQ provides digital threat management solutions to reduce your attack surface and detect threats across web, mobile, and social channels Founded by Brad Byrd, Chris Kiernan, David Pon, and Elias Manousos in 2009, RiskIQ has now raised a total of $80.5M in total equity funding and is backed by investors that include Battery Ventures, Georgian Partners, MassMutual Ventures, National Grid Partners (NGP), and Summit Partners.
Tovala — $20.0M – Series B
Chicago-based Tovala is a smart oven that sits on your countertop and is paired with a companion meal delivery service. Founded by Bryan Wilcox and David Rabie in 2015, Tovala has now raised a total of $38.4M in total equity funding and is backed by investors that include Comcast Ventures, Finistere Ventures, Gordon Segal, Jason Fiedler, New Stack Ventures, Origin Ventures, OurCrowd, Pritzker Group Venture Capital, Rich Products Ventures, and University of Chicago.
Vacasa — $108.0M – Series D
Portland-based Vacasa is a vacation rental management company that helps homeowners buy, manage, and sell their vacation homes. Founded by Cliff Johnson and Eric Breon in 2009, Vacasa has now raised a total of $634.5M in total equity funding and is backed by investors that include Level Equity Management, Riverwood Capital, and Silver Lake Partners.
Varo Money — $241.0M – Series D
San Francisco-based Varo Money is a mobile banking business that helps customers cover their expenses, pay their bills, and build their wealth over time. Founded by Assaf Guery, Colin Walsh, Mykola Klymenko, and Roger Van Duinen in 2015, Varo Money has now raised a total of $414.4M in total equity funding and is backed by investors that include Gallatin Point Capital, HarbourVest Partners, Jeffrey S. Skoll, Paul Hewson (Bono), Progressive Insurance, and The Rise Fund.
