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 8/10/24 featuring funding details for Rewst, Datch, Climatize, and eighteen other deals representing $3B in new funding that you need to know about.
FLYR – $225.0M
Santa Monica-based FLYR is a technology company that uses AI to help airlines and hospitality businesses. Founded by Alexander Mans, Cyril Guiraud, and Jean Tripier in 2013, FLYR has now raised a total of $411.8M in total equity funding and is backed by Vista Credit Partners.
Seeq – $50.0M
Seattle-based Seeq is a software company that accelerates industrial process analytics for process manufacturing data. Founded by Brian Parsonnet and Steve Sliwa in 2012, Seeq has now raised a total of $163.2M in total equity funding and is backed by Altira Group, Insight Partners, Saudi Aramco Energy Ventures, Second Avenue Partners, and Sixth Street.
Abnormal Security – $250.0M
San Francisco-based Abnormal Security is an email security company that protects enterprises and organizations from targeted email attacks. Founded by Evan Reiser and Sanjay Jeyakumar in 2018, Abnormal Security has now raised a total of $534.0M in total equity funding and is backed by CrowdStrike Falcon Fund, Greylock, Insight Partners, Menlo Ventures, and Wellington Management.
Andrena – $18.0M
New York-based Andrena is a developer of an internet distribution platform designed to offer high-speed internet at reduced costs. Founded by James Smits and Neil Chatterjee in 2016, Andrena has now raised a total of $35.6M in total equity funding and is backed by Castle Island Ventures, CMT Digital, Dragonfly, and Wintermute Ventures.
Datch – $15.0M
San Francisco-based Datch provides AI-powered mobile solutions for frontline asset management. Founded by Ben Purcell and Mark Fosdike in 2018, Datch has now raised a total of $28.7M in total equity funding and is backed by Blackhorn Ventures, Blue Bear Capital, Susquehanna International Group (SIG), and Third Prime.
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.
Groq – $640.0M
Mountain View-based Groq radically simplifies compute to accelerate workloads in artificial intelligence, machine learning, and high-performance computing. Founded by Jonathan Ross in 2016, Groq has now raised a total of $1.0B in total equity funding and is backed by BlackRock, Cisco Investments, Global Brain Corporation, Neuberger Berman, Samsung Catalyst Fund, Type One Ventures, and Verdure Capital Management.
Growlink – $2.0M
Denver-based Growlink develops environment controls, irrigation controls, hardware and software products for the agriculture sector. Founded by Ted Tanner in 2015, Growlink has now raised a total of $2.0M in total equity funding and is backed by Casa Verde Capital.
Levitate – $15.0M
Raleigh-based Levitate develops a relationship marketing platform that provides communication tools and an AI dashboard. Founded by Jesse Lipson in 2017, Levitate has now raised a total of $55.0M in total equity funding and is backed by Bull City Venture Partners, Harbert Growth Partners, and Northwestern Mutual Future Ventures.
Mechanical Orchard – $50.0M
San Francisco-based Mechanical Orchard is a GenAI-native technology company that modernizes critical legacy applications without disrupting what they’re doing. Founded by Dan Podsedly, Matthew Work, and Rob Mee in 2022, Mechanical Orchard has now raised a total of $81.0M in total equity funding and is backed by Google Ventures.
Metadome.ai – $6.5M
Troy-based Metadome.ai is an immersive 3D & XR technology company that enables cloud-based & photorealistic customer experiences for brands. Founded by Kanav Singla, Prashant Sinha, and Shorya Mahajan in 2016, Metadome.ai has now raised a total of $10.5M in total equity funding and is backed by 3to1 Capital, Alteria Capital, Chiratae Ventures, Manish Choksirs family office, and Siana Capital Management.
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Muon Space – $56.7M
Mountain View-based Muon Space designs, builds, and operates orbit satellite constellations to deliver mission-critical data. Founded by Dan McCleese, Jonathan Dyer, Pascal Stang, Paul Day, and Reuben Rohrschneider in 2021, Muon Space has now raised a total of $91.7M in total equity funding and is backed by ACME Capital, Activate Capital Partners, Congruent Ventures, Costanoa Ventures, and Radical Ventures.
Neon – $25.0M
Menlo Park-based Neon is an open-source database company that offers a serverless Postgres platform that allows developers to build applications. Founded by Heikki Linnakangas, Nikita Shamgunov, and Stas Kelvich in 2021, Neon has now raised a total of $129.0M in total equity funding and is backed by Abstract Ventures, General Catalyst, M12 – Microsoft’s Venture Fund, Menlo Ventures, and Notable Capital.
Octane – $50.0M
New York-based Octane is a financial technology company that focuses on providing financing solutions for recreational purchases. Founded by Andre Gregori, Daniel Petkevich, Jason Guss, Mark Davidson, Mark Garro, and Michael Fanfant in 2014, Octane has now raised a total of $221.2M in total equity funding and is backed by Upper90 and Valar Ventures.
Rewst – $45.0M
Tampa-based Rewst develops a robotic process automation technology for smaller managed services providers. Founded by Aharon Chernin and Gary Pica in 2020, Rewst has now raised a total of $124.0M in total equity funding and is backed by Meritech Capital Partners, OpenView, and Sapphire Ventures.
Cents – $40.0M
New York-based Cents provides an all-in-one management system for laundromats and dry cleaners. Founded by Alexander Jekowsky, Gilli Cherrin, Pramod Dabir, and Pramod Dabir in 2019, Cents has now raised a total of $74.2M in total equity funding and is backed by 1517 Fund, Alumni Ventures, Anchor Capital GP, Bessemer Venture Partners, Camber Creek, Derive Ventures, FJ Labs, J-Ventures, Rosecliff Ventures, RXR, Salil Pitroda, Sam Pillar, Steve Fredette, Tech Pioneers Fund, Tiger Global Management, and Verdure Capital Management. AlleyWatch broke the news in an exclusive covering the round and much more – Cents Raises $40M for its All-In-One Solution for Garment Care Businesses
Anduril Industries – $1.5B
Costa Mesa-based Anduril Industries is a defense product company that builds technology for military agencies and border surveillance. Founded by Brian Schimpf, Joseph Chen, Matt Grimm, Palmer Luckey, and Trae Stephens in 2017, Anduril Industries has now raised a total of $3.7B in total equity funding and is backed by Altimeter Capital, Baillie Gifford, Counterpoint Global, Fidelity, Founders Fund, Franklin Venture Partners, and Sands Capital 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.
Bardeen – $3.0M
San Francisco-based Bardeen.ai provides AI agents for businesses, automating tasks and removing workflow friction. Founded by Artem Harutyunyan and Pascal Christian Weinberger in 2020, Bardeen has now raised a total of $21.8M in total equity funding and is backed by Dropbox Ventures and HubSpot Ventures.
Boostly – $5.6M
Lehi-based Boostly uses SMS marketing to automatically engage the restaurant’s customers to drive additional future orders. Founded by Mikey Murphy and Shane Murphy in 2017, Boostly has now raised a total of $5.6M in total equity funding and is backed by Relish Works, Singularity Capital, Trestle Partners, and Y Combinator.
Branch Energy – $10.8M
Austin-based Branch Energy is a tech-powered, green energy company that helps reduce power consumption and supports clean energy projects. Founded by Alexander Ince-Cushman, Daniel MacDonald, and Todd Burgess in 2020, Branch Energy has now raised a total of $16.3M in total equity funding and is backed by Prelude Ventures and Zero Infinity Partners.
Climatize – $1.8M
Santa Cruz-based Climatize is a mobile app that enables clients to invest in renewable energy projects through the spare change. Founded by Alba Forns and William Wiseman in 2019, Climatize has now raised a total of $1.9M in total equity funding and is backed by Climate Capital, Microsoft, Myriad Venture Partners, Responsibly Ventures, Techstars, and Temerity Capital Partners.
Chariot – $11.0M
New York-based Chariot is a DAF tool designed for non profits, which is used for collecting funds and donations. Founded by Aaron Kahane, Drew Schneider, and Salomon Serfati in 2022, Chariot has now raised a total of $11.5M in total equity funding and is backed by Maveron.
