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 6/29/24 featuring funding details for Rainforest, Payabli, KarmaCheck, and eighteen other deals representing $1.7B in new funding that you need to know about.
AuthZed – $12.0M
New York-based AuthZed is a permissions systems provider that helps organizations build fast, secure, and scalable authorization services for applications. Founded by Jake Moshenko, Jimmy Zelinskie, and Joseph Schorr in 2020, AuthZed has now raised a total of $15.9M in total equity funding and is backed by Amplify Partners, General Catalyst, Work-Bench, and Y Combinator.
CData Software – $350.0M
Chapel Hill-based CData Software offers data integration solutions for real-time access to on-line or on-premise applications, databases, and Web APIs. Founded by Amit Sharma and Gent Hito in 2016, CData Software has now raised a total of $510.0M in total equity funding and is backed by Accel, Updata Partners, and Warburg Pincus.
Coder – $35.0M
Austin-based Coder provides open-source tools and an enterprise platform that makes it easier to configure, secure, and scale development environments. Founded by Ammar Bandukwala, John Andrew Entwistle, John Andrew Entwistle, and Kyle Carberry in 2017, Coder has now raised a total of $82.8M in total equity funding and is backed by Georgian, Notable Capital, Redpoint, and Uncork Capital.
Creatio – $200.0M
Boston-based Creatio offers a no-code platform that automates CRM and enterprise workflows. Founded by Katherine Kostereva in 2014, Creatio has now raised a total of $268.0M in total equity funding and is backed by Horizon Capital, Sapphire Ventures, StepStone Group, and Volition Capital.
Formic Technologies – $27.4M
Chicago-based Formic aims to increase the collective output of humanity by making automation deployments trivial and easy. Founded by Misa Ilkhechi and Saman Farid in 2020, Formic Technologies has now raised a total of $59.3M in total equity funding and is backed by Alumni Ventures, Blackhorn Ventures, FJ Labs, Initialized Capital, Lorimer Ventures, Lux Capital, Mitsubishi Hc Capital America, NEC Corporation of America, Roman Smolevskiy, and Translink 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.
KarmaCheck – $45.0M
San Francisco-based KarmaCheck is a software company that provides technology-based solutions for background checks, credentialing, and compliance. Founded by Anoop Kundra, Eric Ly, and Mark Lieberwitz in 2019, KarmaCheck has now raised a total of $64.2M in total equity funding and is backed by GC1 Ventures, NextView Ventures, Parameter Ventures, PruVen Capital, and Velvet Sea Ventures.
MagicSchool AI – $15.0M
Denver-based MagicSchool is a technology platform that provides various AI tools to assist teachers with their diverse tasks. Founded by Adeel Khan in 2023, MagicSchool AI has now raised a total of $17.4M in total equity funding and is backed by Adobe Ventures, Amir Nathoo, Amjad Masad, Bain Capital Ventures, Common Sense Growth, Rafael Garcia, and Tyler Bosmeny.
Norm AI – $27.0M
New York-based Norm AI provides an AI-powered regulatory compliance platform for the legal and compliance industries. Founded by John Nay in 2023, Norm AI has now raised a total of $38.1M in total equity funding and is backed by Bain Capital Ventures, Blackstone Innovations Investments, Citi Ventures, Coatue, Jefferson River Capital, New York Life Ventures, and TIAA.
Payabli – $20.0M
Miami-based Payment Infrastructure and Monetization Platform Founded by Joseph Phillips and William Corbera in 2020, Payabli has now raised a total of $32.1M in total equity funding and is backed by Bling Capital, Fika Ventures, QED Investors, and TTV Capital.
Rocketlane – $24.0M
Covina-based Rocketlane is a project management and collaboration platform that enhances the customer onboarding processes for businesses. Founded by Deepak Balasubramanyam, Srikrishnan Ganesan, and Vignesh Girishankar in 2020, Rocketlane has now raised a total of $45.0M in total equity funding and is backed by 8VC, Matrix Partners India, and Nexus Venture Partners.
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Sidecar Health – $165.0M
Covina-based Sidecar Health is an InsurTech company that offers a health insurance platform and medical coverage to businesses. Founded by Patrick Quigley and Veronica Osetinsky in 2018, Sidecar Health has now raised a total of $328.0M in total equity funding and is backed by Bond, Cathay Innovation, Drive Capital, Duke University, GreatPoint Ventures, Koch Disruptive Technologies, Menlo Ventures, and Morpheus Ventures.
Sila Nanotechnologies – $375.0M
Alameda-based Sila Nanotechnologies is a battery materials company that manufactures energy-density lithium-ion batteries for electric vehicles. Founded by Alex Jacobs, Gene Berdichevsky, and Gleb Yushin in 2011, Sila Nanotechnologies has now raised a total of $1.3B in total equity funding and is backed by Bessemer Venture Partners, Coatue, Perry Creek Capital, Sutter Hill Ventures, and T. Rowe Price.
SLUSHY – $10.2M
Miami-based SLUSHY is a secure mobile web based platform for content creators to find, grow, & monetize their audiences. Founded by David Gross, Fred Spivock, Josh Metz, and Sophia Noel in 2020, SLUSHY has now raised a total of $14.2M in total equity funding and is backed by Brooklyn Johnny, Edison Chen, Electric Feel Ventures, Jon Oringer, MANTIS Venture Capital, and Sean Rad.
Allora Labs – $35.0M
Boston-based Allora Labt is a blockchain-based protocol that incentivizes experts to answer subjective questions honestly. Founded by Nick Emmons in 2019, Allora Labs has now raised a total of $65.5M in total equity funding and is backed by Archetype, CMS Holdings, DCF GOD, Delphi Ventures, ID Theory, and Paul Taylor.
ZeroEyes – $53.3M
Conshohocken-based ZeroEyes is an AI security company that detects weapons and sends alerts to prevent and stop active shooter threats. Founded by Billy Hunter, Caleb Jones, Dustin Brooks, Mike Lahiff, Rob Huberty, Sam Alaimo, and Tim Sulzer in 2018, ZeroEyes has now raised a total of $102.2M in total equity funding and is backed by Sorenson Capital.
Sift – $17.5M
El Segundo-based Sift offers transformative tools for machine creators to innovate at speed and scale. Founded by Austin Spiegel and Karthik Gollapudi in 2021, Sift has now raised a total of $25.0M in total equity funding and is backed by Google Ventures.
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.
Clearstory.build – $16.0M
San Francisco-based Clearstory is the only Change Order Communication tool designed to reduce risk for all commercial construction stakeholders. Founded by Brett Umberg and Cameron Page in 2018, Clearstory.build has now raised a total of $33.8M in total equity funding and is backed by Building Ventures, Cloud Apps Capital Partners, GS Futures, Industry Ventures, Jackson Square Ventures, and Prudence.
Etched.ai – $120.0M
San Francisco-based Etched.ai is an AI chip startup that develops Sohu, a chip designed specifically for running transformer models. Founded by Chris Zhu, Gavin Uberti, and Robert Wachen in 2022, Etched.ai has now raised a total of $125.4M in total equity funding and is backed by Amjad Masad, Balaji Srinivasan, Charlie Cheever, Dolik Ventures, Earthshot Ventures, Fontinalis Partners, Fundomo, Hummingbird Ventures, Kyle Vogt, Lightscape Partners, Oceans, Peter Thiel, Positive Sum, Primary Venture Partners, Skybox Datacenters, Thomas Dohmke, and Two Sigma Ventures.
Endogenex – $88.0M
Plymouth-based Endogenex develops an endoscopic procedure to help patients with type 2 diabetes regain control of their blood glucose levels. Founded by John Deedrick, Michael Brenzel, and Paul Hindrichs in 2017, Endogenex has now raised a total of $113.0M in total equity funding and is backed by Hatteras Venture Partners, Intuitive Ventures, Longitude Capital, Lumira Ventures, Mayo Clinic, Orlando Health Ventures, and Sante Ventures.
Form Health – $38.0M
Boston-based Form Health provides personalized, evidence-based obesity care through virtual consultations with certified physicians and dietitians. Founded by Evan Richardson in 2019, Form Health has now raised a total of $64.3M in total equity funding and is backed by M13, NextView Ventures, SignalFire, and Sound Ventures.
Rainforest – $20.0M
Atlanta-based Rainforest focuses on providing software platforms for payment processing. Founded by Joshua Silver in 2022, Rainforest has now raised a total of $28.5M in total equity funding and is backed by Accel, Ardent Venture Partners, BoxGroup, Infinity Ventures, Matrix, Tech Square Ventures, and The Fintech Fund.
