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 11/4/23 featuring funding details for EarlyBird, Espresa, Govly, and twenty-two other deals representing $848M in new funding that you need to know about.
Aclarity – $15.9M
Hadley-based Aclarity is a cleantech startup developing and selling water treatment systems to clean the world’s water and wastewater. Founded by Barrett Mully and Julie Bliss Mullen in 2017, Aclarity has now raised a total of $19.2M in total equity funding and is backed by Aqualateral, Bidra Innovation Ventures, Burnt Island Ventures, HG Ventures, MassVentures, and Nor’easter Ventures.
Ambient.ai – $20.0M
Menlo Park-based Ambient.ai provides a security platform that applies AI to existing camera infrastructure to sensor and prevent incidents. Founded by Shikhar Shrestha and Vikesh Khanna in 2017, Ambient.ai has now raised a total of $72.1M in total equity funding and is backed by Allegion Ventures.
Chainguard – $61.0M
Kirkland-based Chainguard enables developers to ship secure software by default. Founded by Dan Lorenc, Kim Lewandowski, and Ville Aikas in 2021, Chainguard has now raised a total of $116.0M in total equity funding and is backed by Amplify Partners, Banana Capital, MANTIS Venture Capital, Sequoia Capital, and Spark Capital.
Charm – $6.0M
New York-based Charm develops an open-source coding platform to read command markdowns while coding. Founded by Christian Rocha and Toby Padilla in 2019, Charm has now raised a total of $9.5M in total equity funding and is backed by Cavalry Ventures, Firestreak Ventures, Fuel Capital, and Gradient Ventures.
Covera Health – $25.0M
New York-based Covera Health is a clinical intelligence platform that supports providers, health plans, and employers. Founded by Raz Winiarsky and Ron Vianu in 2017, Covera Health has now raised a total of $84.9M in total equity funding and is backed by Insight Partners. AlleyWatch broke the news in an exclusive covering the round and much more – Covera Health Adds $25M to its Series C Round for its AI-enabled Diagnostic Technology to Enhance and Measure Radiology Performance
Harvard data scientist upends finance community with returns in this market
The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment.
The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market.
With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns.
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Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd
Cowbell Cyber – $25.0M
Pleasanton-based Cowbell provides Adaptive Cyber Insurance to 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 $148.3M in total equity funding and is backed by Prosperity7 Ventures.
Espresa – $23.0M
Palo Alto-based Espresa is the world’s first Culture Benefits® platform that makes heroes out of HR teams. Founded by Alex Shubat, Igal Yaari, and Raghavan Menon in 2015, Espresa has now raised a total of $31.2M in total equity funding and is backed by Clear Ventures, Crosslink Capital, Moneta Ventures, New Era Capital Partners, Ridge Ventures, and WestWave Capital.
Funnel – $32.0M
Odessa-based Funnel provides a renter-centric platform for the multifamily industry. Founded by Caren Maio, Matt Raoul, and Mike O’Toole in 2009, Funnel has now raised a total of $107.1M in total equity funding and is backed by RET Ventures and Trinity Ventures.
FusionAuth – $65.0M
Broomfield-based FusionAuth provides secure, complete and affordable customer identity & access management. Founded by Brian Pontarelli in 2018, FusionAuth has now raised a total of $65.0M in total equity funding and is backed by Updata Partners.
EarlyBird – $4.5M
Chicago-based EarlyBird is empowering parents, family, and friends to collectively invest in a child’s financial future, starting at the earliest age. Founded by Caleb Frankel and Jordan Wexler in 2019, EarlyBird has now raised a total of $10.9M in total equity funding and is backed by Alumni Ventures, Fiat Ventures, Goodwater Capital, IDEO, Lightspeed Venture Partners, RareBreed Ventures, ResilienceVC, Seven Seven Six, Sweater, and Wintrust Bank.
The AlleyWatch 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 NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
Revenue Roll – $2.5M
New York-based Revenue Roll is an identity resolution, attribution, and financing platform that enables online advertisers to maximize marketing ROI. Founded by Alek Burk, Jonathan Kopnick, and Michael Diesu in 2021, Revenue Roll has now raised a total of $4.0M in total equity funding and is backed by Innovating Capital and Stage 2 Capital.
Graylog – $39.0M
Houston-based Graylog is a log management software platform for collecting, indexing, and analyzing log messages in one place. Founded by Hass Chapman and Lennart Koopmann in 2012, Graylog has now raised a total of $66.4M in total equity funding and is backed by Harbert Growth Partners, Piper Sandler, and Silver Lake Waterman.
Obviously AI – $4.1M
San Francisco-based Obviously AI enables businesses to build custom AI and LLM models using No-Code AI and human-guided data prep. Founded by Nirman Dave and Tapojit Debnath in 2020, Obviously AI has now raised a total of $8.6M in total equity funding and is backed by AngelList, Asha Jadeja, B Capital, O’Shaughnessy Ventures, TMV, and UTEC – The University of Tokyo Edge Capital Partners.
Oro Labs – $34.0M
Palo Alto-based Oro Labs is the supplier engagement platform for modern companies. Founded by Lalitha Rajagopalan, Sudhir Bhojwani, and Yuan Tung in 2020, Oro Labs has now raised a total of $59.0M in total equity funding and is backed by B Capital, Felicis, Norwest Venture Partners, and XYZ Venture Capital.
Seurat Technologies – $99.0M
Wilmington-based Seurat Technologies is a metal manufacturing focusing on a greener production. Founded by Erik Toomre and James DeMuth in 2015, Seurat Technologies has now raised a total of $178.4M in total equity funding and is backed by Capricorn Investment Group, Cubit Capital, Denso, General Motors Ventures, Honda Motor, Maniv Mobility, NVentures, Porsche Automobil Holding, SIP Global Partners, True Ventures, and Xerox Venture Capital.
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Toposware – $5.0M
Boston-based Toposware develops a fully interoperable blockchain ecosystem powered by zero-knowledge proofs. Founded by Theo Gauthier in 2019, Toposware has now raised a total of $14.1M in total equity funding and is backed by Evolution Equity Partners, K2 Access Fund, Sandeep Nailwal, and Triatomic Capital.
Agentio – $4.3M
New York-based Agentio is the first ad platform for creator content. We’re automating how brands buy the most performant and authentic ad unit. Founded by Arthur Leopold and Jonathan Meyers in 2023, Agentio has now raised a total of $4.3M in total equity funding and is backed by AlleyCorp, Antler, cody ko, Craft Ventures, Elizabeth Cutler, Jeff Ragovin, Michael Sugar, Neal Arthur, Permanent Capital, Protagonist, Rory Paterson, and Steven Galanis.
Ambercycle – $5.0M
Los Angeles-based Ambercycle is a material science company building circularity in fashion. Founded by Moby Ahmed and Shay Sethi in 2013, Ambercycle has now raised a total of $26.6M in total equity funding and is backed by DRIVE Catalyst.
Charlie – $16.0M
Los Angeles-based Charlie provides financial and banking services to retirees. Founded by Kevin Nazemi in 2021, Charlie has now raised a total of $23.5M in total equity funding and is backed by Better Tomorrow Ventures, FPV Ventures, and TTV Capital.
Engine Biosciences – $27.0M
San Francisco-based Engine Biosciences is a biotech company that applies machine learning to genomics for drug discovery. Founded by Jeffrey Lu and Timothy K. Lu in 2014, Engine Biosciences has now raised a total of $103.0M in total equity funding and is backed by ClavystBio, Coronet Ventures, EDBI, Invus, Polaris Partners, and Seeds Capital.
Harvard data scientist upends finance community with returns in this market
The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment.
The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market.
With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns.
Intrigued? Alleywatch readers can skip the waitlist with this referral link.
LEARN MORE
Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd
Govly – $9.5M
Denver-based Govly is building a market network for government contracting, like AngelList for government procurement. Founded by Jon Wright, Mike Weiland, and Nick Weiland in 2021, Govly has now raised a total of $13.1M in total equity funding and is backed by FundersClub, Insight Partners, Nordic Eye Venture Capital, and Y Combinator.
Gynesonics – $42.5M
Redwood City-based Gynesonics develops transcervical, uterus-preserving, incision-less technologies for diagnostic and therapeutic applications. Founded by Jessica Grossman in 2005, Gynesonics has now raised a total of $270.2M in total equity funding and is backed by Amzak Health Investors, Bain Capital, Endeavour Vision, Kaiser Permanente Ventures, MVM Life Science Partners, and Runway Growth Capital.
Infinitum Electric – $185.0M
Round Rock-based Infinitum Electric is a motor technology company delivering lightweight and IoT-enabled electric motors. Founded by Ben Schuler in 2016, Infinitum Electric has now raised a total of $352.7M in total equity funding and is backed by Ajax Strategies, Alliance Resource Partners, Chevron Technology Ventures, Cottonwood Technology Fund, Galvanize Climate Solutions, Just Climate, NGP Capital, Riverstone Holdings, and Rockwell Automation.
Kasa Living – $70.0M
San Francisco-based Kasa Living is a hospitality company that offers flexible accommodations for business and leisure travelers. Founded by Roman Pedan in 2016, Kasa Living has now raised a total of $126.3M in total equity funding and is backed by Citi Ventures, Fireside Ventures, FirstMark, Karman Ventures (fka Moving Capital), New York Life Ventures, RET Ventures, Ribbit Capital, and Zigg Capital.
Neuros Medical – $25.0M
Willoughby-based Neuros Medical develops neurostimulation therapies for patients suffering with unmet medical needs. Founded by David Veino, Jon J. Snyder, Kevin Kilgore, and Niloy Bhadra in 2008, Neuros Medical has now raised a total of $101.6M in total equity funding and is backed by Trinity Capital.
The AlleyWatch 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 NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
