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 6/4/22 featuring funding details for Tripscout, InfStones, Hint Health, and sixteen other rounds representing $1.6B in new funding that you need to know about.
Acrisure — $725.0M – Series B
Grand Rapids-based Acrisure offers financial services solutions for insurance, reinsurance, real estate, cyber services, and asset and wealth management. Founded by Greg Williams and Ricky Norris in 2005, Acrisure has now raised a total of $4.2B in total equity funding and is backed by Abu Dhabi Investment Authority, Guggenheim Investments, and Oak Hill Advisors.
Bark Technologies — $30.0M – Series C
Atlanta-based Bark uses AI to detect issues like cyberbullying, suicidal ideation, and school shooting threats. Founded by Brian Bason in 2015, Bark Technologies has now raised a total of $67.0M in total equity funding and is backed by Kayne Partners.
Chainguard — $50.0M – Series A
Kirkland-based Chainguard provides solutions to make the software supply chains secure by default. Founded by Dan Lorenc and Kim Lewandowski in 2021, Chainguard has now raised a total of $55.0M in total equity funding and is backed by Amplify Partners, Banana Capital, Jim Higgins, K5 Ventures, LiveOak Venture Partners, MANTIS Venture Capital, Sequoia Capital, and Tom Killalea.
Coralogix — $142.0M – Series D
San Francisco-based Coralogix is a SaaS platform that uses machine learning algorithms to facilitate delivery and maintenance processes for software providers. Founded by Ariel Assaraf, Guy Kroupp, Lior Redlus, and Yoni Farin in 2014, Coralogix has now raised a total of $238.2M in total equity funding and is backed by Advent International, Brighton Park Capital, Greenfield Partners, Joule Ventures, Maor Investments, O.G. Tech, Red Dot Capital Partners, Revaia, and StageOne Ventures.
Guild Education — $175.0M – Series F
Denver-based Guild Education is a learning platform that offers classes, programs, and degrees for working adults. Founded by Brittany Stich, Chris Romer, and Rachel Carlson in 2015, Guild Education has now raised a total of $553.5M in total equity funding and is backed by Bessemer Venture Partners, Bon Secours Mercy Health, Citi Impact Fund, General Catalyst, ICONIQ Capital, Oprah Winfrey, PNC, and Wellington Management.
Hint Health — $45.0M – Series B
San Francisco-based Hint Health fixes healthcare system by fundamentally restructuring the way that care is delivered. Founded by Graham Melcher and Zak Holdsworth in 2013, Hint Health has now raised a total of $64.1M in total equity funding and is backed by Banneker Partners and Frist Cressey Ventures.
Hourly — $27.0M – Series A
Palo Alto-based Hourly is a software company that offers real-time payroll and time tracking solutions for carriers, business owners, and agents. Founded by Amir Faintuch, Shay Litvak, and Tom Sagi in 2018, Hourly has now raised a total of $34.2M in total equity funding and is backed by Glilot Capital Partners, J-Ventures, MS&AD Ventures, S Capital, Upshot Ventures, and Vintage Investment Partners.
Hourwork — $2.5M – Series A
Boston-based Hourwork develops a recruitment and retention platform that connects employers with hourly workers. Founded by Rahkeem Morris and Robert Snyder in 2018, Hourwork has now raised a total of $16.3M in total equity funding and is backed by MassMutual, Morgan Stanley, Positive Sum, and Relish Works.
InfStones — $66.0M – Venture
Palo Alto-based InfStones provides decentralized blockchain infrastructure service on one integrated platform. Founded by Zhenwu Shi in 2018, InfStones has now raised a total of $110.2M in total equity funding and is backed by 10T Holdings, A&T Capital, GGV Capital, INCE Capital, SNZ Holding, and SoftBank Vision Fund.
JupiterOne — $70.0M – Series C
Morrisville-based JupiterOne is a cyber asset management, security, and governance platform. Founded by Erkang Zheng in 2018, JupiterOne has now raised a total of $119.0M in total equity funding and is backed by Alpha Square Group, Bain Capital Ventures, Cisco, Intel Capital, Sapphire Ventures, Splunk Ventures, and Tribe Capital.
LatchBio — $28.0M – Series A
San Francisco-based LatchBio is a biotech research company that provides code-free platform for the biocomputing revolution. Founded by Alfredo Andere, Kenny Workman, and Kyle Giffin in 2021, LatchBio has now raised a total of $33.2M in total equity funding and is backed by Caffeinated Capital, Coatue, Fifty Years, Haystack, Hummingbird Ventures, and Lux Capital.
MoEngage — $77.0M – Series E
San Francisco-based MoEngage is an internet company that features cloud-based marketing services for consumer businesses. Founded by Raviteja Dodda and Yashwanth Kumar in 2014, MoEngage has now raised a total of $210.0M in total equity funding and is backed by B Capital Group, Eight Roads Ventures, Goldman Sachs Asset Management, Matrix Partners India, Multiples, and Steadview Capital.
Moxe Health — $30.0M – Series B
Madison-based Moxe Health streamlines the bi-directional exchange of clinical data between health plans and provider systems. Founded by Dan Wilson in 2012, Moxe Health has now raised a total of $36.2M in total equity funding and is backed by 3M New Ventures, Apollo, Piper Jaffray Merchant Banking, Safeguard Scientifics, UPMC Enterprises, and Vensana Capital.
RealWear — $23.5M – Series C
Vancouver-based RealWear develops a small screen tablet to be worn with an industrial helmet for workers in the field, factory, or warehouse. Founded by Andrew Chrostowski, Andy Lowery, Brian Hamilton, Chris Parkinson, Kenneth Lustig, and Sanjay Jhawar in 2016, RealWear has now raised a total of $120.6M in total equity funding and is backed by Columbia Ventures, Foundry Group, Kopin, and Qualcomm Ventures.
TRIPP — $11.2M – Series A
Los Angeles-based TRIPP is a digital psychedelic wellness platform that uses the power of virtual and augmented reality. Founded by Nanea Reeves and Zachary Norman in 2017, TRIPP has now raised a total of $26.2M in total equity funding and is backed by Amazon Alexa Fund, BITKRAFT Ventures, HTC, Mayfield Fund, Niantic, and Qualcomm.
Tripscout — $10.3M – Series A
Chicago-based Tripscout is a travel entertainment platform that serves as a personalized up-to-date travel guide. Founded by Andy Acs and Konrad Waliszewski in 2015, Tripscout has now raised a total of $14.7M in total equity funding and is backed by Accomplice, Corazon Capital, M25, MATH Venture Partners, and New Stack Ventures.
Vendia — $30.0M – Series B
San Francisco-based Vendia is a real-time data cloud, offering a fast and scalable way to share operational data across data silos, clouds, and partners. Founded by Shruthi Rao and Tim Wagner in 2020, Vendia has now raised a total of $50.6M in total equity funding and is backed by Aspenwood Ventures, BMW i Ventures, Canvas Ventures, Lux Capital, Neotribe Ventures, NewView Capital, Neythri Futures Fund, Operator Partners, and Sorenson Capital.
Vibenomics — $12.3M – Series B
Fishers-based Vibenomics powers audio out-of-home advertising and experiences for brands and location-based organizations. Founded by Adam Ritz, Brent Oakley, and Nathan Miller in 2016, Vibenomics has now raised a total of $31.1M in total equity funding and is backed by Panoramic Ventures.
WorkOS — $80.0M – Series B
San Francisco-based WorkOS is a unified platform with modern APIs and SDKs for enterprise-ready features. Founded by Michael Grinich in 2019, WorkOS has now raised a total of $95.0M in total equity funding and is backed by Abstract Ventures, Christian Reber, Gokul Rajaram, Greenoaks Capital, Guillermo Rauch, Howie Liu, Jack Altman, Joachim Lecrivain, Lachy Groom, Lightspeed Venture Partners, Mathilde Collin, Michael Ovitz, Shreyas Doshi, and Waseem Daher.
