The Weekly Notable Startup Funding Report takes us 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 funding rounds for the week ending 3/19/22 featuring funding details for Gauntlet, Socotra, Rutter, and sixteen other rounds representing $936M in new funding that you need to know about.
Bambee — $30.0M – Series C
Los Angeles-based Bambee is a platform offering an affordable solution to small and medium-sized businesses for hiring HR managers. Founded by Allan Jones in 2016, Bambee has now raised a total of $63.0M in total equity funding and is backed by Alpha Edison, Damian Maldonado, Gaingels, Ken Chenault, Mucker Capital, QED Investors, and SoftBank.
Bear Robotics — $81.0M – Series B
Redwood City-based Bear Robotics develops self-driving robots that use artificial intelligence to serve food in restaurants. Founded by Brennand Pierce, Fangwei Li, John Ha, and Juan Higueros in 2017, Bear Robotics has now raised a total of $115.8M in total equity funding and is backed by Cleveland Avenue and IMM.
Cowbell Cyber — $100.0M – Series B
Pleasanton-based Cowbell is the leading provider of Cyber Insurance for small to medium-sized enterprises. Founded by Jack Kudale, Prab Reddy, Rajeev Gupta, and Trent Cooksley in 2019, Cowbell Cyber has now raised a total of $123.3M in total equity funding and is backed by Anthemis Group, Avanta Ventures, Brewer Lane Ventures, Global Insurance Accelerator, Holmes Murphy & Associates, ManchesterStory Group, Markel Corporation, Nyca Partners, Permira, Pivot Investment Partners, PruVen Capital, Tri-Valley Ventures, and Viola FinTech.
Cresta — $80.0M – Series C
San Francisco-based Cresta leverages artificial intelligence to help sales and service agents improve the quality of their customer service. Founded by S. Zayd Enam, Sebastian Thrun, and Tim Shi in 2017, Cresta has now raised a total of $151.0M in total equity funding and is backed by Andreessen Horowitz, CarMax, Five9, Genesys, Greylock, JP Morgan Chase, Porsche, Sequoia Capital, Tiger Global Management, and Zoom.
Deepcell — $73.0M – Series B
Menlo Park-based Deepcell uses AI to isolate and capture cells based on morphological features for multiple research and translational applications. Founded by Euan Ashley, Maddison Mahdokht Masaeli, and Mahyar Salek in 2017, Deepcell has now raised a total of $98.0M in total equity funding and is backed by Andreessen Horowitz, Bow Capital, Bridger Healthcare, Casdin Capital, Horizons Ventures, Jeff Dean, Koch Disruptive Technologies, and Matthew McIlwain.
doxo — $18.5M – Series C
Seattle-based Doxo is an online bill pay service enabling consumers to make payments to 100k billers from any device, using any payment method. Founded by Mark Goris, Roger Parks, and Steve Shivers in 2008, doxo has now raised a total of $37.3M in total equity funding and is backed by Bezos Expeditions, Jackson Square Ventures, Mohr Davidow Ventures, and Sigma Partners.
Dscout — $70.0M – Series C
Chicago-based Dscout is a remote experience research technology platform helping businesses to capture products, brands, and user experiences at scale. Founded by Michael Winnick in 2011, Dscout has now raised a total of $81.0M in total equity funding and is backed by Guidepost Growth Equity.
Gauntlet — $23.8M – Series B
Brooklyn-based Gauntlet builds a blockchain simulation and testing platform for financial systems. Founded by Rei Chiang and Tarun Chitra in 2018, Gauntlet has now raised a total of $44.8M in total equity funding and is backed by Paradigm, Polychain, and Ribbit Capital.
Woebot Health — $9.5M – Venture
San Francisco-based Woebot Health offers digital therapeutics to make mental health radically accessible. Founded by Alison Darcy in 2017, Woebot Health has now raised a total of $123.3M in total equity funding and is backed by Leaps by Bayer.
IUNU — $24.0M – Series B
Seattle-based IUNU is an industrial computer vision company that connects plants, facilities, and people through a single interface. Founded by Adam Greenberg in 2013, IUNU has now raised a total of $45.1M in total equity funding and is backed by Astanor Ventures, Ceres Partners, Lewis & Clark AgriFood, and S2G Ventures.
Molecular Assemblies — $25.8M – Series B
San Diego-based Molecular Assemblies is developing a revolutionary, enzymatic DNA synthesis technology capable of powering new products. Founded by Curt Becker and William Efcavitch in 2013, Molecular Assemblies has now raised a total of $86.8M in total equity funding and is backed by Agilent Technologies, Argonautic Ventures, Casdin Capital, Codexis, iSELECT FUND, and LYFE Capital.
Nautilus Labs — $34.0M – Series B
New York-based Nautilus Labs is a maritime technology company that reduces emissions while maximizing commercial returns. Founded by Anthony DiMare and Brian O’Clair in 2016, Nautilus Labs has now raised a total of $47.0M in total equity funding and is backed by Amplifier Ventures, M12 – Microsoft’s Venture Fund, Microsoft Climate Innovation Fund, Quiet Capital, Root Ventures, SYSTEMIQ, and TMV.
Placemakr — $90.0M – Venture
Washington-based Placemakr (formerly WhyHotel) is a tech-enabled hospitality platform and operator. Founded by Bao Vuong and Jason Fudin in 2017, Placemakr has now raised a total of $123.9M in total equity funding and is backed by Davidson Kempner, Gaw Capital Partners, Geolo Capital, JBG SMITH, and Suffolk Technologies.
quadric.io — $21.0M – Series B
Burlingame-based quadric.io is an end-to-end architecture optimized for real-time edge computing. Founded by Daniel Firu, Nigel Drego, and Veerbhan Kheterpal in 2016, quadric.io has now raised a total of $38.3M in total equity funding and is backed by Cota Capital, Denso, Leawood Venture Capital, MegaChips, Pear VC, and Uncork Capital.
Rutter — $27.0M – Series A
San Francisco-based Rutter develops a universal API that integrates with every commerce, accounting, and payments platform. Founded by Eric Yu and Peter Zhou in 2019, Rutter has now raised a total of $28.5M in total equity funding and is backed by Andreessen Horowitz, Basis Set Ventures, Bob Young, Charley Ma, Comma Capital, Haystack, Jim Lanzone, Joshua Ma, Juan Santa Cruz, Liquid 2 Ventures, Mischief Fund, Ravi Parikh, The Chainsmokers, and Zachary Perret.
Selector — $28.0M – Series A
Santa Clara-based Selector is a software company that provides AIOps platform for operational intelligence. Founded by Kannan Kothandaraman and Nitin Kumar in 2019, Selector has now raised a total of $33.0M in total equity funding and is backed by Atlantic Bridge, Azure Capital Partners, SineWave Ventures, and Two Bear Capital.
Socotra — $50.0M – Series C
San Francisco-based Socotra is a technology platform that builds a modern cloud-based platform for technology-driven insurers. Founded by Dan Woods in 2014, Socotra has now raised a total of $93.9M in total equity funding and is backed by 8VC, Brewer Lane Ventures, Insight Partners, MS&AD Ventures, Nationwide Ventures, and Portage Ventures.
TruEra — $25.0M – Series B
Redwood City-based Truera provides AI quality management solutions that evaluate, optimize, and monitor machine learning models. Founded by Anupam Datta, Shayak Sen, and Will Uppington in 2019, TruEra has now raised a total of $42.3M in total equity funding and is backed by B Capital Group, Conversion Capital, Data Community Fund, Forgepoint Capital, Greylock, Harpoon, Menlo Ventures, and Wing Venture Capital.
