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 7/3/20 featuring funding details for Koji, Codefresh, Fivetran, and much much more.
Anduril Industries — $200.0M – Series C
Orange-based Anduril Industries is a defense product company that builds technology for military agencies and border surveillance. Founded by Brian Schimpf, Joseph Chen, Matt Grimm, Palmer Luckey, and Trae Stephens in 2017, Anduril Industries has now raised a total of $241.0M in total equity funding and is backed by investors that include Andreessen Horowitz, Elad Gil, Founders Fund, General Catalyst, Human Capital, and Lux Capital.
Area 1 Security — $25.0M – Series D
Redwood City-based Area 1 Security is a performance-based cybersecurity company, changing how businesses protect against phishing attacks. Founded by Blake Darch3, Oren J. Falkowitz, and Phil Syme in 2013, Area 1 Security has now raised a total of $82.5M in total equity funding and is backed by investors that include ForgePoint Capital, Icon Ventures, Kleiner Perkins, and Top Tier Capital Partners.
Bluedot — $9.1M – Series B
Austin-based Bluedot is a location technology company helping businesses deliver high impact experiences and contactless solutions in moible apps. Founded by Emil Davityan and Filip Eldic in 2013, Bluedot has now raised a total of $17.3M in total equity funding and is backed by investors that include Autotech Ventures, Forefront Venture Partners, IAG Firemark Ventures, Mighty Capital, and Transurban Group.
Codefresh — $27.0M – Series C
Mountain View-based Codefresh specializes in software development and information technology operations tools. Founded by Oleg Verhovsky and Raziel Tabib in 2014, Codefresh has now raised a total of $42.0M in total equity funding and is backed by investors that include CE Ventures (CEIIF), Hillsven Capital, M12, Red Dot Capital Partners, Shasta Ventures, Vertex Ventures Israel, and Viola Ventures.
Cynet — $18.0M – Series B
New York-based Cynet is an autonomous breach protection platform that provides a single, enterprise-grade solution for the internal network. Founded by Boaz Zilber, Eyal Gruner, Idan Amir, and Netanel Amar in 2015, Cynet has now raised a total of $38.0M in total equity funding and is backed by investors that include BlueRed Partners, Deutsche Telekom, Ibex Investors, Merlin International, and Norwest Venture Partners.
DigniFi — $14.0M – Series A
Kirkland-based DigniFi is a fintech marketplace company that connects consumers with lenders to help finance large automotive repair costs. Founded by Kevin Cawley in 2013, DigniFi has now raised a total of $14.0M in total equity funding and is backed by investors that include BuildGroup and Exor Seeds.
Discord — $100.0M – Venture
San Francisco-based Discord is a voice, video, and text chat app designed specifically for gamers. Founded by Jason Citron in 2012, Discord has now raised a total of $379.3M in total equity funding and is backed by investors that include Index Ventures.
Elementary Robotics — $12.7M – Series A
Los Angeles-based Elementary Robotics is a robotics startup that built a platform for applying machine learning to the logistics industries. Founded by Arye Barnehama and Bill Gross in 2017, Elementary Robotics has now raised a total of $17.5M in total equity funding and is backed by investors that include Fathom Capital, Fika Ventures, Threshold, Toyota AI Ventures, and Ubiquity Ventures.
Evidation Health — $45.0M – Series D
San Mateo-based Evidation Health is a health data analytics platform that collects and analyze continuous behavior data and healthcare information. Founded by Alessio Signorini, Christine Lemke, Luca Foschini, and Mikki Nasch in 2012, Evidation Health has now raised a total of $106.0M in total equity funding and is backed by investors that include B Capital Group, McKesson Ventures, Rethink Impact, Revelation Partners, Section 32, and SV Health Investors.
Fivetran — $100.0M – Series C
Oakland-based Fivetran automates connectors to sync data from cloud applications, databases, and event logs into users’ data warehouses. Founded by George Fraser and Taylor Brown in 2012, Fivetran has now raised a total of $163.1M in total equity funding and is backed by investors that include Andreessen Horowitz, CEAS Investments, General Catalyst, and Matrix Partners.
Koji — $10.0M – Series A
San Diego-based Koji is a platform for creating interactive social media posts. Founded by Dmitry Shapiro, Jonathan Miller, and Sean Thielen in 2016, Koji has now raised a total of $16.1M in total equity funding and is backed by investors that include BITKRAFT Ventures, Galaxy Interactive, Keshif Ventures, Moonshots Capital, and Next 10 Ventures.
Scalefast — $22.0M – Series B
El Segundo-based Scalefast is a digital commerce solution that simplifies and streamlines e-commerce for inspirational brands. Founded by Frederic Bocquet, Nicolas Stehle, and Olivier Schott in 2014, Scalefast has now raised a total of $32.0M in total equity funding and is backed by investors that include Adara Ventures, Benhamou Global Ventures, Credit Mutuel Equity, FJ Labs, Stereo Capital, and Xplorer Capital.
Sundae — $16.6M – Series A
San Francisco-based Sundae is a residential real estate marketplace focused on helping sellers of distressed property get the best price for their home. Founded by Andrew Swain and Josh Stech in 2018, Sundae has now raised a total of $19.7M in total equity funding and is backed by investors that include Founders Fund, QED Investors, and Susa Ventures.
Layr — $5.0M – Seed
Atlanta-based Layr is an insurtech startup that uses AI and ML to help small businesses customize commercial insurance bundles. Founded by Andrew Egenes and Phillip Naples in 2016, Layr has now raised a total of $5.6M in total equity funding and is backed by investors that include Flyover Capital, Lloyd’s Lab, Maschmeyer Group Ventures, and Sandbox Insurtech Ventures.
Upsolver — $13.3M – Series A
Sunnyvale-based Upsolver manages, integrates, and structures streaming data for analysis at unprecedented ease. Founded by Ori Rafael and Yoni Iny in 2014, Upsolver has now raised a total of $17.0M in total equity funding and is backed by investors that include Jeff Rothschild, Jerusalem Venture Partners (JVP), Sohaib Abbasi, Vertex Ventures, and Wing Venture Capital.
