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 9/16/23 featuring funding details for Obee, Pixis, Elsa, and twenty-three other deals representing $1.6B in new funding that you need to know about.
Beam – $40.0M
Columbus-based Beam offers insurance, dental, and financial services. Founded by Alex Curry, Alex Frommeyer, and Dan Dykes in 2012, Beam has now raised a total of $208.4M in total equity funding and is backed by Georgian.
CertifID – $20.0M
Austin-based CertifID is a SaaS security platform used to validate identity and securely transfer bank account information. Founded by Thomas Cronkright II and Tyler Adams in 2017, CertifID has now raised a total of $33.5M in total equity funding and is backed by Arthur Ventures.
Databricks – $500.0M
San Francisco-based Databricks is an AI cloud data platform that interacts with corporate information stored in the public cloud. Founded by Ali Ghodsi, Andy Konwinski, Arsalan Tavakoli-Shiraji, Ion Stoica, Matei Zaharia, Patrick Wendell, and Reynold Xin in 2013, Databricks has now raised a total of $4.0B in total equity funding and is backed by Andreessen Horowitz, Baillie Gifford, Capital One Ventures, ClearBridge Investments, Counterpoint Global, Fidelity Management and Research Company, Franklin Templeton Investments, Ghisallo, GIC, NVIDIA, Octahedron Capital, Ontario Teachers’ Pension Plan, T. Rowe Price, and Tiger Global Management.
DetraPel – $7.6M
Framingham-based DetraPel is a cleantech advanced materials company that specializes in synthesizing and manufacturing PFAS-Free Protective Coatings. Founded by David Zamarin in 2013, DetraPel has now raised a total of $14.0M in total equity funding and is backed by Boro Capital, Fitz Gate Ventures, Icebook Investments, INX International Ink, Material Impact, and Touchdown Ventures.
Elsa – $23.0M
Los Gatos-based Elsa is an AI-enabled language learning platform that focuses on English pronunciation training and accent reduction. Founded by Vu Van and Xavier Anguera in 2015, Elsa has now raised a total of $48.2M in total equity funding and is backed by Asia Growth Investment Fund, Globant Ventures, Gradient Ventures, Monk’s Hill Ventures, Uni-President Enterprises Corporation, UOB Venture, and Vietnam Investments Groups.
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
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See important disclosures at masterworks.com/cd
Glass Health – $5.0M
San Francisco-based Glass Health empowers clinicians with a platform for AI-assisted diagnosis and clinical decision-making Founded by Dereck Paul and Graham Ramsey in 2021, Glass Health has now raised a total of $7.0M in total equity funding and is backed by Breyer Capital, Connor Landgraf, Heather Hasson, Initialized Capital, Tom X Lee, Trina Spear, and Y Combinator.
Hadrius – $2.0M
San Francisco-based Hadrius automates the SEC compliance process with AI for financial companies. Founded by Allen Calderwood, Som Mohapatra, and Thomas Stewart in 2021, Hadrius has now raised a total of $2.5M in total equity funding and is backed by Dorm Room Fund, Lynett Capital, Roadrunner Ventures, Singularity Capital, Unpopular Ventures, and Y Combinator.
Hearth Display – $4.6M
New York-based Hearth is a new tool for family management and productivity, made to lighten the load of organization for busy families. Founded by Mei Lin Ng, Nathalie Stratton, and Susie Harrison in 2020, Hearth Display has now raised a total of $7.3M in total equity funding and is backed by Behind Genius Ventures, Dream Ventures, Female Founders Fund, Golden Ventures, Ingeborg Investments, Stellation Capital, and Sweater.
Kin Insurance – $33.0M
Chicago-based Kin Insurance is an InsurTech company that offers personalized home insurance solutions. Founded by Lucas Ward, Sean Harper, Sebastian Villarreal, and Stephen Wooten in 2016, Kin Insurance has now raised a total of $251.2M in total equity funding and is backed by Allegis Capital, Alpha Edison, Geodesic Capital, Hudson Structured Capital Management, and QED Investors.
Mighty Buildings – $52.0M
Oakland-based Mighty Buildings specializes in 3D printing and automation to produce sustainable and innovative housing solutions. Founded by Alexey Dubov, Dmitry Starodubtsev, Sam Ruben, and Vyacheslav Solonitsyn in 2017, Mighty Buildings has now raised a total of $153.8M in total equity funding and is backed by Bold Capital Partners, KB-Badgers, Khosla Ventures, and WAED Ventures.
The LA TechWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the LA business community and beyond. Learn more about advertising to LA Tech, at scale.
Orbee – $4.0M
Irvine-based Orbee provides digital marketing analytics, data, and automation solutions to the automotive industry. Founded by Atul Patel, Chris Prijic, Daniel Kim, and Jose Ortega in 2015, Orbee has now raised a total of $7.5M in total equity funding and is backed by Basil Family Dealerships, Flow Automotive Companies, FM Capital, Holman Enterprises, Mills Automotive Group, Pohanka Automotive Group, Qvale Auto Group, Ron Frey, and The Presidio Group.
Parade – $17.0M
San Francisco-based Parade is the leading capacity management platform for freight brokerages. Founded by Anthony Sutardja, Preet Sivia, and Tony Wu in 2015, Parade has now raised a total of $35.4M in total equity funding and is backed by 9Yards Capital, Earthshot Ventures, Greenhawk Capital, I Squared Capital, Jones Capital, Lineage Logistics, Malte Janzarik, McVestCo, Menlo Ventures, Operator Stack, RedBird Capital Partners, Rising Tide, The House Fund, and Ubiquoss.
Pixis – $85.0M
Chicago-based Pixis provides a codeless AI infrastructure platform for brands to monitor and orchestrate their marketing campaigns. Founded by Harikrishna Valiyath, Shubham A Mishra, and Vrushali Prasade in 2020, Pixis has now raised a total of $209.0M in total equity funding and is backed by Celesta Capital, Chiratae Ventures, General Atlantic, Grupo Carso, and Touring Capital.
Proven Skincare – $12.2M
San Francisco-based Proven Skincare develops skincare products intended to allow customers to design and personalize products that fit their lifestyles. Founded by Amy Yuan Zaoshi and Ming S. Zhao in 2016, Proven Skincare has now raised a total of $18.2M in total equity funding and is backed by NewH2.
Science On Call – $2.6M
Chicago-based Science On Call is the subscription-based tech support platform for restaurants. Help with POS, internet, Wi-Fi, online ordering & more. Founded by Andy Freivogel, Ken Tsang, and Luisa Castellanos in 2020, Science On Call has now raised a total of $4.4M in total equity funding and is backed by Bread and Butter Ventures, Connetic Ventures, Groove Capital, Phoenix Investment Club, RedStick Ventures, Relish Works, and York IE.
Sempre Health – $20.0M
San Francisco-based Sempre Health is a platform that brings behavior-based, dynamic pricing to healthcare. Founded by Anurati Mathur and Swaraj Banerjee in 2015, Sempre Health has now raised a total of $45.5M in total equity funding and is backed by Cencora, Echo Health Ventures, Industry Ventures, The Blue Venture Fund, and UPMC Enterprises.
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Treasury4 – $20.0M
Spokane-based Treasury4 offers data analytics services for the finance and treasury industry. Founded by Steven M Helmbrecht in 2020, Treasury4 has now raised a total of $20.0M in total equity funding and is backed by Christopher Growney, Cowles Company, Fortson VC, Jim DuBois, Kickstart, Voyager Capital, Washington Trust Bank, and WestCap.
VideoAmp – $150.0M
Los Angeles-based VideoAmp is a software and data company that provides measurement and optimization tools for the advertising ecosystem. Founded by Dave Gullo and Ross McCray in 2014, VideoAmp has now raised a total of $531.6M in total equity funding and is backed by Vista Credit Partners.
Enfabrica – $125.0M
Mountain View-based Enfabrica develops hardware, software, and system technologies to resolve blockages in computing workloads. Founded by Rochan Sankar and Shrijeet Mukherjee in 2019, Enfabrica has now raised a total of $125.0M in total equity funding and is backed by Alumni Ventures, Atreides Management, IAG Capital Partners, Infinitum Partners, Liberty Global Ventures, NVIDIA, Sutter Hill Ventures, and Valor Equity Partners.
Gooder Foods – $13.0M
Santa Cruz-based Gooder Foods re-imagines Mac & cheese that’s stealthily healthy and unbelievably delicious. Founded by Jennifer Zeszut in 2020, Gooder Foods has now raised a total of $23.2M in total equity funding and is backed by Alumni Ventures, Cosmic Venture Partners, Electric Feel Ventures, GingerBread Capital, L Catterton, Springdale Ventures, Third Craft, and Willow Growth Partners.
EquipmentShare – $150.0M
Columbia-based EquipmentShare is an equipment and digital solutions provider serving the construction industry to help contractors accelerate productivity. Founded by Brad Siegler, Jabbok Schlacks, Jeffrey Lowe, Matthew McDonald, and William Schlacks in 2015, EquipmentShare has now raised a total of $701.5M in total equity funding and is backed by BDT & MSD Partners and Colibri Equity Management.
A Banksy got everyday investors 32% returns?
Mm-hmm, sure. So, what’s the catch?
We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine-art investing platform Masterworks.
These results aren’t cherry-picking. This is the whole bushel. Masterworks has built a track record of 16 exits, including net returns of +10.4%, +27.3%, and +35.0%, even while financial markets plummeted.
But art? Really? Okay, skeptics, here are the numbers. Contemporary art prices:
- outpaced the S&P 500 by 131% over the last 26 years
- have the lowest correlation to equities of any asset class
- remained stable through the dot-com bubble and ’08 crisis
Got your attention yet? Alleywatch readers can skip the waitlist with this exclusive link.
LEARN MORE
See important disclosures at masterworks.com/cd
Lyten – $200.0M
San Jose-based Lyten is an advanced materials company that develops, sources, and manufactures low-carbon footprint products. Founded by Daniel Cook, Lars Herlitz, Scott Mobley, and William Wraith III in 2015, Lyten has now raised a total of $200.0M in total equity funding and is backed by FedEx, Honeywell, Prime Movers Lab, Stellantis Ventures, Triatomic Capital, and Walbridge.
Optera – $12.0M
Boulder-based Optera platform tracks emissions upstream and downstream in a company’s supply chain. Founded by Jason Denner, Tim Weiss, and Ty Colman in 2006, Optera has now raised a total of $27.4M in total equity funding and is backed by AngelList, Blackhorn Ventures, Engage, Massive, Mucker Capital, NEXT Frontier Capital, Overture VC, SaaS Ventures, Stout Street Capital, and Valo Ventures.
Pulsora – $20.0M
San Francisco-based Pulsora is an enterprise environmental, social, and governance software as a service platform. Founded by Inderjeet Singh and Murat Sonmez in 2021, Pulsora has now raised a total of $28.5M in total equity funding and is backed by Aramco Ventures, Builders VC, Carica Sustainable Investments, FINTOP Capital, Galvanize Climate Solutions, JetBlue Ventures, Sabancı Ventures, and Sompo Holdings.
Site Technologies – $10.0M
Chicago-based Site Technologies integrates the physical and digital world to optimize real estate asset management decision-making. Founded by Austin Rabine and Olivia Gantner in 2018, Site Technologies has now raised a total of $10.0M in total equity funding and is backed by DivcoWest, Prologis Ventures, and Protagonist.
Sonex Health – $40.0M
Eagan-based Sonex Health reduces invasiveness, improves safety, and lowers the cost of care through transformative ultrasound. Founded by Aaron Keenan, Darryl Barnes, and Jay Smith in 2014, Sonex Health has now raised a total of $82.5M in total equity funding and is backed by KCK Medtech.
The LA TechWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the LA business community and beyond. Learn more about advertising to LA Tech, at scale.
