Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from May 2023. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.
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8. Eagle Eye Networks $100.0M
Round: Venture
Description: Austin-based Eagle Eye Networks is a cloud video surveillance company that is transitioning all aspects of traditional video surveillance to the cloud. Founded by Dean Drako in 2012, Eagle Eye Networks has now raised a total of $175.0M in total equity funding and is backed by Accel, SECOM, Austin Ventures, and MSD Capital.
Investors in the round: SECOM
Industry: Analytics, Cloud Computing, Cyber Security, Information Technology, SaaS, Security, Video
Founders: Dean Drako
Founding year: 2012
Total equity funding raised: $175.0M
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8. UVeye $100.0M
Round: Series D
Description: Teaneck-based UVeye develops automated inspection systems for vehicles using AI and proprietary hardware. Founded by Amir Hever and Ohad Hever in 2016, UVeye has now raised a total of $195.5M in total equity funding and is backed by CarMax, Hyundai Motor Company, General Motors, Hanaco Venture Capital, and Volvo Cars Tech Fund.
Investors in the round: CarMax, F.I.T. Ventures, General Motors, GM Ventures, Hanaco Venture Capital, W. R. Berkley
Industry: Artificial Intelligence, Automotive, Industrial Automation, Machine Learning, Security
Founders: Amir Hever, Ohad Hever
Founding year: 2016
Total equity funding raised: $195.5M
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8. Zip $100.0M
Round: Series C
Description: San Francisco-based Zip is an Intake-to-Pay platform for any employee to initiate a purchase or vendor request. Founded by Lu Cheng and Rujul Zaparde in 2020, Zip has now raised a total of $181.3M in total equity funding and is backed by Y Combinator, Tiger Global Management, CRV, and Y Combinator Continuity Fund.
Investors in the round: CRV, Tiger Global Management, Y Combinator
Industry: Compliance, Enterprise Resource Planning (ERP), Finance, Information Technology, Procurement, Software
Founders: Lu Cheng, Rujul Zaparde
Founding year: 2020
Total equity funding raised: $181.3M
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7. Tools For Humanity $115.0M
Round: Series C
Description: San Francisco-based Tools For Humanity is a software and hardware development company that develops tools to support the Worldcoin protocol. Founded by Alex Blania and Sam Altman in 2019, Tools For Humanity has now raised a total of $115.0M in total equity funding and is backed by Blockchain Capital, Distributed Global, a16z crypto, and Bain Capital Crypto.
Investors in the round: a16z crypto, Bain Capital Crypto, Blockchain Capital, Distributed Global
Industry: Blockchain, Hardware, Software
Founders: Alex Blania, Sam Altman
Founding year: 2019
Total equity funding raised: $115.0M
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6. Lightmatter $154.0M
Round: Series C
Description: Boston-based Lightmatter changes chip architecture, powering faster, energy-efficient computing with photonic processors for sustainable AI advancement. Founded by Darius Bunandar, Nicholas Harris, and Thomas Graham in 2017, Lightmatter has now raised a total of $267.0M in total equity funding and is backed by Google Ventures, Trajectory Ventures, Hewlett Packard Enterprise, Viking Global Investors, and Matrix Partners.
Investors in the round: Fidelity Management and Research Company, Google Ventures, Hewlett Packard Enterprise, SIP Global Partners, Trajectory Ventures, Viking Global Investors
Industry: Artificial Intelligence, Hardware, Machine Learning, Software
Founders: Darius Bunandar, Nicholas Harris, Thomas Graham
Founding year: 2017
Total equity funding raised: $267.0M
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5. Strive Health $166.0M
Round: Series C
Description: Denver-based Strive Health is a value-based kidney care provider with an integrated system supporting the journey of individuals with kidney disease. Founded by Chris Riopelle in 2018, Strive Health has now raised a total of $386.0M in total equity funding and is backed by New Enterprise Associates, CapitalG, Redpoint, Ascension Ventures, and CVS Health Ventures.
Investors in the round: Ascension Ventures, CapitalG, CVS Health Ventures, Echo Health Ventures, New Enterprise Associates, Redpoint, Town Hall Ventures
Industry: Health Care, Information Technology, Medical, mHealth
Founders: Chris Riopelle
Founding year: 2018
Total equity funding raised: $386.0M
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4. CoreWeave $200.0M
Round: Series B
Description: Roseland-based CoreWeave provides GPU-accelerated compute solutions to the CGI and machine learning industries. Founded by Brannin McBee, Brian Venturo, and Michael Intrator in 2017, CoreWeave has now raised a total of $476.5M in total equity funding and is backed by NVIDIA, Daniel Gross, Magnetar Capital, and Nat Friedman.
Investors in the round: Magnetar Capital
Industry: Cloud Computing, Cloud Infrastructure, Information Technology, Machine Learning
Founders: Brannin McBee, Brian Venturo, Michael Intrator
Founding year: 2017
Total equity funding raised: $476.5M
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3. Gradiant $225.0M
Round: Series D
Description: Woburn-based Gradiant is a solutions provider and developer of cleantech water projects for advanced water and wastewater treatment. Founded by Anurag Bajpayee and Prakash Govindan in 2013, Gradiant has now raised a total of $392.4M in total equity funding and is backed by Warburg Pincus, SLB, BoltRock Holdings, WAVE Equity Partners, and Centaurus Capital LP.
Investors in the round: BoltRock Holdings, Centaurus Capital LP
Industry: Clean Energy, CleanTech, Sustainability, Waste Management, Water, Water Purification
Founders: Anurag Bajpayee, Prakash Govindan
Founding year: 2013
Total equity funding raised: $392.4M
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2. ElevateBio $401.0M
Round: Series D
Description: Waltham-based ElevateBio is a biotechnology company that specializes in cell and gene-based therapies. Founded by David Hallal, Mitchell Finer, and Vikas Sinha in 2017, ElevateBio has now raised a total of $1.2B in total equity funding and is backed by Novo Nordisk, Redmile Group, Vertex Ventures, SoftBank Vision Fund, and Surveyor Capital.
Investors in the round: EcoR1 Capital, EDBI, Emerson Collective, F2 Ventures, Fidelity Management and Research Company, Invus, ITOCHU Corporation, Lee Family Office, Matrix Capital Management, MPM Capital, Novo Nordisk, Redmile Group, Samsara BioCapital, SoftBank Vision Fund, Surveyor Capital, Vertex Ventures, Woodline Partners
Industry: Alternative Medicine, Biotechnology, Information Technology
Founders: David Hallal, Mitchell Finer, Vikas Sinha
Founding year: 2017
Total equity funding raised: $1.2B
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1. Anthropic $450.0M
Round: Series C
Description: San Francisco-based Anthropic is an AI safety and research company that builds reliable, interpretable, and steerable AI systems. Founded by Daniela Amodei, Dario Amodei, Jack Clark, Sam McCandlish, and Tom Brown in 2021, Anthropic has now raised a total of $1.5B in total equity funding and is backed by Google, Menlo Ventures, Salesforce Ventures, Spark Capital, and Sam Bankman-Fried.
Investors in the round: Google, Menlo Ventures, Salesforce Ventures, Sound Ventures, Spark Capital, SVA, Zoom Ventures
Industry: Artificial Intelligence, Information Technology, Machine Learning
Founders: Daniela Amodei, Dario Amodei, Jack Clark, Sam McCandlish, Tom Brown
Founding year: 2021
Total equity funding raised: $1.5B
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