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 7/20/24 featuring funding details for Kandji, Arcee.ai, Vectara, and eleven other deals representing $651M in new funding that you need to know about.
DataCore Software – $60.0M
Fort Lauderdale-based DataCore Software is a vendor specializing in storage virtualization, storage management, and storage networking. Founded by George S. Teixeira, John Bocskor, Roni Putra, and Ziya Aral in 1998, DataCore Software has now raised a total of $164.7M in total equity funding and is backed by Vistara Growth.
aiXplain – $6.5M
Los Gatos-based aiXplain is a no-code low-code AI IDE and a marketplace for small and medium enterprises offering Large Language Models, GPT, Multimodal AI Founded by Hassan Sawaf in 2020, aiXplain has now raised a total of $14.5M in total equity funding and is backed by Kane Minkus and Osama Elkady.
itselectric – $6.5M
Brooklyn-based itselectric is electric vehicle charging purpose-built for drivers who park their cars on city streets. Founded by Nathan King and Tiya Gordon in 2021, itselectric has now raised a total of $8.8M in total equity funding and is backed by Failup Ventures, Gratitude Railroad, Halogen Ventures, Los Angeles Cleantech Incubator, Newlab, Partnership Fund for New York City, Pulse Fund, Tale Venture Partners, The Equity Alliance, The Helm, and Uber. AlleyWatch broke the news in an exclusive covering the round and much more – Itselectric Raises $6.5M to Expand its Network of Public Curbside Chargers in NYC and Beyond
Kandji – $100.0M
San Diego-based Kandji is an Apple device management platform that enables secure and productive use of Mac, iPad, iOS, and tvOS devices. Founded by Adam Pettit, Mark Daughters, and Wesley Pettit in 2018, Kandji has now raised a total of $288.4M in total equity funding and is backed by General Catalyst.
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Saronic – $175.0M
Austin-based Saronic designs and manufactures unmanned surface vehicles for maritime security and domain awareness. Founded by Dino Mavrookas, Doug Lambert, Rob Lehman, and Vibhav Altekar in 2022, Saronic has now raised a total of $245.0M in total equity funding and is backed by 8VC, Andreessen Horowitz, Caffeinated Capital, Elad Gil, NightDragon, and Silent Ventures.
Thyme Care – $55.0M
Nashville-based Thyme Care is a healthcare company that provides oncology care management services. Founded by Bobby Green and Robin Shah in 2020, Thyme Care has now raised a total of $137.0M in total equity funding and is backed by AlleyCorp, Andreessen Horowitz, Concord Health Partners, CVS Health Ventures, Echo Health Ventures, Foresite Capital, Frist Cressey Ventures, and Town Hall Ventures.
Vectara – $25.0M
Palo Alto-based Vectara provides a generative AI product platform for embedding generative AI features into applications. Founded by Amin Ahmad, Amr Awadallah, and Tallat Shafaat in 2022, Vectara has now raised a total of $53.5M in total equity funding and is backed by Alumni Ventures, FPV Ventures, Fusion Fund, Green Sands Equity, Mack Ventures, Race Capital, Samsung NEXT, and WVV Capital.
Vitable Health – $16.0M
Philadelphia-based Vitable Health offers primary care and mental health services through membership. Founded by Joseph Kitonga in 2020, Vitable Health has now raised a total of $24.8M in total equity funding and is backed by Cherryrock Capital, Citi Impact Fund, Commerce Ventures, First Round Capital, Newark Venture Partners, and Y Combinator.
Caliza – $8.5M
Miami-based Caliza is building a global financial infrastructure that removes borders from commerce. Founded by Ezra Kebrab in 2021, Caliza has now raised a total of $13.8M in total equity funding and is backed by Abstract Ventures, Alexandre Liuzzi, Class 5 Global, Digital Currency Group, Doug Scherrer, Initialized Capital, Kraynos Capital, New Form Capital, and Quona Capital.
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LevelTen Energy – $61.1M
Seattle-based LevelTen Energy is an energy company that provides renewable transaction infrastructure for buying or selling renewable energy and assets. Founded by Bryce Smith in 2016, LevelTen Energy has now raised a total of $124.6M in total equity funding and is backed by Aster, B Capital, Constellation, Google, Intercontinental Exchange, Microsoft Climate Innovation Fund, NGP Energy Capital Management, Prelude Ventures, and Zoma Capital.
NeuSpera Medical – $23.0M
San Jose-based NeuSpera develops implantable medical devices for treating chronic illnesses through minimally invasive solutions. Founded by Alexander Yeh in 2013, NeuSpera Medical has now raised a total of $134.9M in total equity funding and is backed by Action Potential Venture Capital, Olympus, Treo Ventures, Vertex Ventures, and Windham Capital Management.
Arcee.ai – $24.0M
Miami-based Arcee.ai develops context-adapted LLMs through their domain-adapted language model system (DALM). Founded by Brian Benedict, Jacob Solawetz, and Mark McQuade in 2023, Arcee.ai has now raised a total of $29.5M in total equity funding and is backed by Centre Street Partners, Emergence, Flybridge, Journey Ventures, and Scott Banister.
Infinitum – $35.0M
Round Rock-based Infinitum is setting the bar for the next generation of motors to be better for the planet – and for people. Founded by Ben Schuler in 2016, Infinitum has now raised a total of $387.7M in total equity funding and is backed by Marunouchi Innovation Partners and Rice Investment Group.
Peak Energy – $55.0M
Denver-based Peak Energy is a pioneering firm that is industrializing sodium-ion to expedite the shift to renewable energy. Founded by Landon Mossburg in 2023, Peak Energy has now raised a total of $65.0M in total equity funding and is backed by Doral Energy-Tech Ventures, Eclipse, Lachy Groom, Scania, TDK Ventures, TechEnergy Ventures, Tishman Speyer, and Xora Innovation.
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.
