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 10/8/22 featuring funding details for Gather AI, EcoCart, Security, and nine other deals representing $448M in new funding that you need to know about.
EcoCart — $14.5M – Series A
San Francisco-based EcoCart is a climate and sustainability-focused eCommerce enablement startup pitching consumers on ways to offset their carbon emissions. Founded by Dane Baker and Peter Twomey in 2019, EcoCart has now raised a total of $17.5M in total equity funding and is backed by Base10 Partners, Ben Jabbawy, Capital One Ventures, Fifth Wall, Nikila Srinivasan, RyderVentures, Sree Sreedhararaj, SuperAngel.Fund, and SVB Capital.
Gather AI — $10.0M – Series A
Pittsburgh-based Gather AI is a provider software-only automated inventory monitoring solutions for modern warehouses. Founded by Daniel Maturana, Geetesh Dubey, and Sankalp Arora in 2017, Gather AI has now raised a total of $17.1M in total equity funding and is backed by 99 Tartans, Bling Capital, Dundee Venture Capital, Expa, Tribeca Venture Partners, Xplorer Capital, and XRC Labs.
Golden — $40.0M – Series B
San Francisco-based Golden is a developer of a self-constructing knowledge database used to accelerate discovery and education. Founded by Jude Gomila in 2017, Golden has now raised a total of $59.5M in total equity funding and is backed by a16z Cultural Leadership Fund, Amirteymour Moazami, Andreessen Horowitz, Arash Ferdowsi, Avlok Kohli, Bastian Lehmann, Bossanova Investimentos, Chaac Ventures, Dan Romero, DCVC, Dylan Field, FalconX, George Lambeth, Hanover Technology Investment Management, Harpoon, Juan Benet, Khaled Naim, Maryanna Saenko, Matt Bellamy, Michael Seibel, Milcom Ventures Partners, Neal Dempsey, OpenSea Ventures, Protocol Labs, Raj Gokal, SAV (Scale Asia Ventures), Socii Capital, Sridhar Ramaswamy, Stefano Bernardi, TRAC, Vela Partners, Wei Guo, and Xoogler.
Inari — $124.0M – Series E
Cambridge-based Inari is a biotechnology company that aims to transform agriculture and its impact on society and the environment. Founded by David Berry, Ignacio Martinez, and Laura Lande-Diner in 2016, Inari has now raised a total of $461.0M in total equity funding and is backed by Canada Pension Plan Investment Board, Flagship Pioneering, Hanwha Impact Partners, NGS Super, Pictet Private Equity Investors S.A., and Sage Hill Capital.
Kneron — $48.0M – Series B
San Diego-based Kneron develops an application-specific integrated circuit and software that offers artificial intelligence-based tools. Founded by Albert Liu and Frank Chang in 2015, Kneron has now raised a total of $163.0M in total equity funding and is backed by ADATA Technology, Foxconn Technology Group, Horizons Ventures, and Lite-On Technology.
LineVision — $33.0M – Series C
Somerville-based LineVision equips utilities with unique monitoring and analytics that improve the capacity, resilience, and safety of the grid. Founded by Hudson Gilmer, Jonathan Marmillo, and Nathan Pinney in 2018, LineVision has now raised a total of $47.5M in total equity funding and is backed by Clean Energy Ventures, Climate Innovation Capital, Marubeni, Microsoft Climate Innovation Fund, National Grid Partners (NGP), S2G Ventures, UP Partners, and Zoma Capital.
Revelio Labs — $15.0M – Series A
New York-based Revelio Labs provides an in-depth view into the workforces of companies around the world. Founded by Dr. Ben Zweig and Yedidya Gorsetman in 2018, Revelio Labs has now raised a total of $19.0M in total equity funding and is backed by Alumni Ventures, Barclays Corporate Banking, BDMI, Elephant, K20 Fund, and Techstars.
Securiti — $75.0M – Series C
San Jose-based Securiti is a provider of Unified Data Controls with its Data Controls Cloud. Founded by Rehan Jalil in 2019, Securiti has now raised a total of $156.0M in total equity funding and is backed by General Catalyst, Mayfield Fund, and Owl Rock Capital.
Jiko — $40.0M – Series B
Berkeley-based Jiko is a financial technology company that offers a new way to store and move money. Founded by Rocky Motwani and Stephane Lintner in 2016, Jiko has now raised a total of $89.4M in total equity funding and is backed by Airbus Ventures, Anthem Venture Partners, Bpifrance, La Maison Partners, Owen Van Natta, Radicle Impact, Red River West, Temaris & Associates, Trousdale Ventures, and Upfront Ventures.
Tumble — $7.0M – Seed
San Francisco-based Tumble is a smart laundry technology platform transforming shared laundry rooms into high-quality smart amenities. Founded by Scott Patterson in 2019, Tumble has now raised a total of $9.8M in total equity funding and is backed by Array Ventures, Hivers and Strivers, Rich Heise, Richard Dalzell, The PenFed Foundation, Western Technology Investment, and Zag Capital.
WorkSpan — $30.0M – Series C
Foster City-based WorkSpan is the co-sell management network that empowers companies to turbocharge and scale their co-sell revenue growth. Founded by Amit Sinha, Mayank Bawa, and Milind Joshi in 2015, WorkSpan has now raised a total of $66.0M in total equity funding and is backed by Insight Partners, M12 – Microsoft’s Venture Fund, and Mayfield Fund.
