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 7/13/24 featuring funding details for Volley, Hayden AI, Default, and nine other deals representing $584M in new funding that you need to know about.
Athletic Brewing – $50.0M
Stratford-based Athletic Brewing is a food and beverage company that specializes in manufacturing non-alcoholic craft beer. Founded by Bill Shufelt and John Walker in 2017, Athletic Brewing has now raised a total of $231.0M in total equity funding and is backed by General Atlantic.
X-Bow Launch Systems – $70.0M
Albuquerque-based X-Bow Systems is a space technology company that produces solid rocket motors and hypersonic technologies for defense industries. Founded by Jason Hundley, John Leary, Mark Kaufmann, and Maureen Gannon in 2016, X-Bow Launch Systems has now raised a total of $99.4M in total equity funding and is backed by Balerion Space Ventures, Boeing HorizonX Ventures, Crosslink Capital, Lockheed Martin Ventures, and Razor’s Edge Ventures.
Captions – $60.0M
New York-based Captions is an AI-powered creative studio developing a video creation and editing platform for content creation. Founded by Dwight Churchill and Gaurav Misra in 2021, Captions has now raised a total of $100.0M in total equity funding and is backed by Adobe, Andreessen Horowitz, HubSpot Ventures, Index Ventures, Jared Leto, Kleiner Perkins, and Sequoia Capital.
Hayden AI – $90.0M
San Francisco-based Hayden AI is an AI platform offering geospatial analytics, transit management, and technology services. Founded by Bo Shen, Chris Carson, Michael Byrne, and Vaibhav Ghadiok in 2019, Hayden AI has now raised a total of $168.8M in total equity funding and is backed by Autotech Ventures, The Drawdown Fund, and The Rise Fund.
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.
Hebbia – $130.0M
New York-based Hebbia develops AI agents for financial services firms. Founded by George Sivulka, Lukas Schmit, and Tim Lupo in 2020, Hebbia has now raised a total of $161.1M in total equity funding and is backed by Andreessen Horowitz, Google Ventures, Index Ventures, and Peter Thiel.
NovoNutrients – $18.0M
Sunnyvale-based NovoNutrients is working to turn waste CO2 into high-value, low-cost proteins and oils for aquaculture and beyond. Founded by Brian Sefton in 2017, NovoNutrients has now raised a total of $25.7M in total equity funding and is backed by CM Venture Capital, and Woodside Energy.
NOWDiagnostics – $22.5M
Springdale-based NOWDiagnostics develops and manufactures diagnostic tests that utilize a single drop of blood and deliver results within minutes. Founded by Jeremy Wilson in 2013, NOWDiagnostics has now raised a total of $54.7M in total equity funding and is backed by DigitalDx Ventures, Kompass Kapital Management, and LabCorp Venture Fund.
Lucid Green – $1.4M
New York-based Lucid Green enables the cannabis industry to communicate trust and transparency through a direct connection with the consumer. Founded by Larry Levy and Paul Botto in 2018, Lucid Green has now raised a total of $16.9M in total equity funding and is backed by Gotham Green Partners, Gron Ventures, and Larry Levy.
You are seconds away from signing up for the hottest list in NYC Tech!
Heartbeat Health – $25.0M
New York-based Heartbeat Health is a digital health company that utilizes technology to improve cardiovascular disease prevention and management. Founded by Jeffrey Wessler, Mark Hanson, and Nayan Jain in 2017, Heartbeat Health has now raised a total of $53.5M in total equity funding and is backed by .406 Ventures, Cressey & Company, Echo Health Ventures, Kindred Ventures, and Optum Ventures.
Volley – $55.0M
San Francisco-based Volley builds voice-controlled entertainment experiences for Amazon Alexa, Google Assistant, and smartphones. Founded by James Wilsterman and Max Child in 2016, Volley has now raised a total of $107.3M in total equity funding and is backed by Alumni Ventures, Amazon Alexa Fund, BITKRAFT Ventures, Boost VC, Causeway Media Partners, Gaingels, General Catalyst, Greylock, Lightspeed Venture Partners, M12 – Microsoft’s Venture Fund, Riverside Partners, Waverley Capital, and Y Combinator.
Default – $4.0M
San Francisco-based Default is an all-in-one inbound lead qualification, scheduling, & routing platform. Founded by Nico Ferreyra and Victor Papyshev in 2021, Default has now raised a total of $11.3M in total equity funding and is backed by 8VC.
ZwitterCo – $58.4M
Cambridge-based ZwitterCo provides membrane solutions for the treatment of highly-impaired wastewater. Founded by Alex Rappaport, Chris Roy, and Christopher Drover in 2018, ZwitterCo has now raised a total of $97.3M in total equity funding and is backed by BHP, Blue Horizon Advisors, DCVC, Evok Innovations, HG Ventures, Munich Re Ventures, and SiteGround.
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.
