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 8/24/24 featuring funding details for Solace, Eppo, Mudstack, and twenty-two other deals representing $852M in new funding that you need to know about.
TickPick – $250.0M
New York-based TickPick is a ticket marketplace to buy, bid on and sell tickets on sports, concerts and other live events. Founded by Brett Goldberg and Christopher O’Brien in 2011, TickPick has now raised a total of $290.0M in total equity funding and is backed by Brighton Park Capital and Symphony Ventures.
ALLCITY Network – $12.0M
Denver-based ALLCITY Network is a digital sports network that offers podcast services for NFL and NBA sports. Founded by Adam Mares and Brandon Spano in 2015, ALLCITY Network has now raised a total of $21.4M in total equity funding and is backed by Bullpen Capital, Mosaic General Partnership, and Tegna.
Enteligent – $6.0M
San Jose-based Enteligent is a Clean-Tech product company focused on higher efficiency and harnessing more solar electricity and EV charging. Founded by Sean Burke in 2020, Enteligent has now raised a total of $11.9M in total equity funding and is backed by Taronga Ventures.
ModelOp – $10.0M
Chicago-based ModelOp provides AI Governance software for enterprises, safeguarding all AI initiatives. Founded by Pete Foley, Robert Grossman, and Stuart Bailey in 2016, ModelOp has now raised a total of $16.0M in total equity funding and is backed by Baird Capital.
Mudstack – $4.0M
Roswell-based Mudstack is an asset management platform for game studios and artists. Founded by Eric Salter, Jordan Stevens, and Nachiket Kumar in 2019, Mudstack has now raised a total of $6.3M in total equity funding and is backed by Andreessen Horowitz, Anthos Capital, Forum Ventures, Hyperplane, Khosla Ventures, Overline, and Pioneer Square Labs.
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.
Soulbound – $4.0M
Lewes-based Soulbound is a decentralized gaming community that aims to improve & grow the metaverse by creating a chain-agnostic market infrastructure. Founded by Matt Conn in 2022, Soulbound has now raised a total of $7.6M in total equity funding and is backed by Animoca Brands, Big Brain Holdings, David Johansson, Delta Blockchain Fund, iAngels, NGC Ventures, and PANONY.
Siepe – $30.0M
Dallas-based Siepe is a cloud-managed services and data analytics platform that specializes in portfolio and data management for asset managers. Founded by Michael Pusateri in 2012, Siepe has now raised a total of $30.0M in total equity funding and is backed by WestCap.
Story Protocol – $80.0M
Bellevue-based Story Protocol is a creator of web3 technology that aims to change the way narrative universes are formed. Founded by Jason Levy, Jason Zhao, and Seung Yoon Lee in 2022, Story Protocol has now raised a total of $134.3M in total equity funding and is backed by a16z crypto, Adrian Cheng, Brevan Howard Asset Management, Cozomo De’Medici, Polychain, and Scott Trowbridge.
Sunburn Cannabis – $1.0M
Fort Lauderdale-based Sunburn Cannabis is a vertically integrated cannabis operator that offer products that cater to both medicinal and recreational users. Founded by Brady J. Cobb in 2022, Sunburn Cannabis has now raised a total of $77.3M in total equity funding and is backed by Poseidon Asset Management.
Talus Bio – $11.2M
Seattle-based Talus Bio is a drug discovery biotech startup that develops drugs targeting undruggable transcription factors using AI. Founded by Alex Federation and Lindsay Pino in 2020, Talus Bio has now raised a total of $18.2M in total equity funding and is backed by BoxOne Ventures, FundersClub, NFX, Two Bear Capital, WRF Capital, and Y Combinator Continuity Fund.
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The Rounds – $24.0M
Arlington-based The Rounds offers delivery service with zero waste by refilling empty containers. Founded by Alexander Torrey and Byungwoo Ko in 2019, The Rounds has now raised a total of $66.0M in total equity funding and is backed by FJ Labs and Moderne Ventures.
Allstacks – $10.0M
Raleigh-based Allstacks develops a software engineering intelligence platform to predict forecasting and risk management. Founded by Darrell Freeman and Hersh Tapadia in 2017, Allstacks has now raised a total of $25.2M in total equity funding and is backed by Clutch VC, Companyon Ventures, Creative Co Capital, First Rays Venture Partners, Hyperplane, M12 – Microsoft’s Venture Fund, Quadri Ventures, Ron Pragides, S3 Ventures, and Triangle Tweener Fund.
Fabric Cryptography – $33.0M
San Francisco-based Fabric is a verifiable processing unit startup that develops a custom cryptography hardware to accelerate cryptography algorithms. Founded by Michael Gao, Sagar Reddy, and Tina Ju in 2022, Fabric Cryptography has now raised a total of $39.0M in total equity funding and is backed by 1kx, Alex Vlasov, Ben Fielding, Ben Fisch, Blockchain Capital, Daniel Lubarov, Daniel Shorr, DC builder, Illia Polosukhin, Inflection.xyz, Joseph Andrews, Matter Labs, Offchain Labs, Polygon, Protocol Labs, Sandeep Nailwal, Sandy Peng, Sreeram Kannan, and Uma Roy.
Eppo – $28.0M
San Francisco-based Eppo provides an AB experimentation and feature management platform to make testing accessible to everyone in any organization. Founded by Chetan Sharma in 2021, Eppo has now raised a total of $47.5M in total equity funding and is backed by Amplify Partners, Icon Ventures, Innovation Endeavors, and Menlo Ventures.
Opkey – $47.0M
Dublin-based Opkey is an AI test automation platform to help organizations continuously test finance, HR, and enterprise resource planning software. Founded by Avinash Tiwari, Lalit Jain, and Pankaj Goel in 2015, Opkey has now raised a total of $57.0M in total equity funding and is backed by PeakSpan Capital, UST, Vertica Capital Partners, and YourNest Venture 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.
Trunk Tools – $20.0M
New York-based Trunk Tools is a construction AI platform that automates construction workflows for project managers, superintendents, and executivies. Founded by Sarah Buchner in 2021, Trunk Tools has now raised a total of $29.9M in total equity funding and is backed by AEC Angels, Charps, Innovation Endeavors, Liberty Mutual Strategic Ventures, PruVen Capital, Redpoint, STO Building Group, Suffolk Technologies, Thornton Tomasetti, and WND Ventures.
Clarium – $10.5M
New York-based Clarium AI software allows hospital departments to automate tasks, increase collaboration, streamline operations and enhance productivity. Founded by Rod D. Martin in 2020, Clarium has now raised a total of $10.5M in total equity funding and is backed by 1984 Ventures, AlleyCorp, Alumni Ventures, General Catalyst, Kaiser Permanente Ventures, TMC Venture Fund, and Yale-New Haven Hospital.
Piramidal – $6.0M
San Francisco-based Piramidal offers AI software that transforms brain activity into easy-to-understand health data to help diagnose diseases. Founded by Dimitris Fotis Sakellariou and Kris Pahuja in 2024, Piramidal has now raised a total of $6.5M in total equity funding and is backed by Adverb Ventures, Lionheart Ventures, and Y Combinator.
XII Medical – $45.0M
Union City-based XII Medical provides minimally invasive technology for obstructive sleep apnea. Founded by Francis Papay in 2017, XII Medical has now raised a total of $75.0M in total equity funding and is backed by Ajax Health, Aperture Venture Partners, Broadview Ventures, Cleveland Clinic, Intuitive Ventures, JobsOhio, and Omega Funds.
Fortera – $85.0M
San Jose-based Fortera is a materials technology company that produces zero CO2 cement for the construction sector. Founded by Michael Weiss and Ryan Gilliam in 2019, Fortera has now raised a total of $115.0M in total equity funding and is backed by Alumni Ventures, Khosla Ventures, Presidio Ventures, Saint-Gobain NOVA, Temasek Holdings, and Wollemi.
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Solace – $14.0M
Austin-based Solace is an online platform that helps patients connect with professional health advocates. Founded by Jeremy Gurewitz and Sara Sargent in 2022, Solace has now raised a total of $14.0M in total equity funding and is backed by Anne Wojcicki, Coalition Operators, Craft Ventures, Inspired Capital Partners, RiverPark Ventures, Susan Wojcicki, and Torch Capital.
DEFCON AI – $44.0M
Mclean-based DEFCON AI is a transportation, logistics, supply chain, and storage company. Founded by Grant L. Verstandig in 2022, DEFCON AI has now raised a total of $44.0M in total equity funding and is backed by Bessemer Venture Partners, Fifth Growth Fund, and Red Cell Partners.
Openwater – $54.0M
San Francisco-based Openwater is a San Francisco-based startup focused on devising a new generation of imaging technologies for brain computer interfaces. Founded by Mary Lou Jepsen in 2016, Openwater has now raised a total of $76.0M in total equity funding and is backed by Bold Capital Partners, Esther Dyson, Khosla Ventures, Peter Gabriel, and Plum Alley.
PreciseDx – $20.7M
New York-based PreciseDx is the only Cancer Risk Stratification company to provide patient-specific risk information through the analysis of morphology. Founded by Carlos Cordon, Gerardo Fernandez, Jack Zeineh, and Michael J. Donovan in 2019, PreciseDx has now raised a total of $31.5M in total equity funding and is backed by Eventide, GenHenn Venture, LabCorp, and Quest Diagnostics.
Pangeam Inc. – $2.8M
San Francisco-based Pangeam is a human analytics platform powered by deep learning sensors. Founded by Jeremy Moultrup and John Freier in 2019, Pangeam Inc. has now raised a total of $5.5M in total equity funding and is backed by Neotribe 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.
