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 12/14/24 featuring funding details for Evinced, Raptor Maps, Speak, and seventeen other deals representing $1.07B in new funding that you need to know about.
Ayar Labs – $155.0M
San Jose-based Ayar Labs develops optical I/O solutions for large-scale AI workloads to accelerate data movement within AI systems. Founded by Alex Wright-Gladstein, Chen Sun, Mark Wade, Milos Popovic, Rajeev Ram, and Vladimir Stojanovic in 2015, Ayar Labs has now raised a total of $371.5M in total equity funding and is backed by 3M New Ventures, Advent International, AMD Ventures, Applied Ventures, Autopilot, AXIAL Partners, Boardman Bay Capital Management, GlobalFoundries, IAG Capital Partners, Intel Capital, Light Street Capital, Lockheed Martin Ventures, NVIDIA, Playground Global, and VentureTech Alliance.
Cala Health – $50.0M
San Mateo-based Cala Health is a bioelectronic medicine company that provides medical devices and neurotherapeutics for managing chronic health conditions. Founded by Kate Rosenbluth, Scott Delp, and Serena Wong in 2014, Cala Health has now raised a total of $198.3M in total equity funding and is backed by Action Potential Venture Capital, Ascension Ventures, Fiscus Ventures, Google Ventures, Johnson & Johnson Innovation – JJDC, Lightstone Ventures, Lux Capital, Nexus NeuroTech, OSF Ventures, Peak 6, Reimagined Ventures, Triventures, and Vertex Growth Fund.
LambdaTest – $38.0M
San Francisco-based LambdaTest provides cloud-based tools for cross-browser testing of web applications on various browsers and operating systems. Founded by Asad Khan, Jay Singh, and Mayank Bhola in 2017, LambdaTest has now raised a total of $108.0M in total equity funding and is backed by Avataar Venture Partners and Qualcomm Ventures.
Liquid AI – $250.0M
Cambridge-based Liquid AI is a developer of AI applications that help improve human experience. Founded by Alexander Amini, Daniela Rus, Mathias Lechner, and Ramin Hasani in 2023, Liquid AI has now raised a total of $293.2M in total equity funding and is backed by AMD Ventures, Duke Capital Partners, OSS Capital L.P., and The Pags Group.
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RapidCanvas – $16.0M
Austin-based RapidCanvas develops a no-code auto artificial intelligence platform to deliver reliable and measurable business outcomes. Founded by Kedar Samant, Rahul Pangam, and Uttam Phalnikar in 2021, RapidCanvas has now raised a total of $23.5M in total equity funding and is backed by Accel, Peak XV Partners, Titanium Ventures, and Valley Capital Partners.
Silent Push – $10.0M
Reston-based Silent Push is a detection-focused threat intelligence solution that identifies and protects organizations against new threats. Founded by Ken Bagnall in 2020, Silent Push has now raised a total of $20.0M in total equity funding and is backed by StepStone Group and Ten Eleven Ventures.
Sublime Security – $60.0M
Washington-based Sublime Security is an AI-powered email security platform designed to detect and block sophisticated email attacks. Founded by Ian Thiel and Joshua Kamdjou in 2019, Sublime Security has now raised a total of $89.8M in total equity funding and is backed by Citi Ventures, Decibel Partners, Index Ventures, IVP, and Slow Ventures.
Twelve Labs – $30.0M
San Francisco-based Twelve Labs develops a multimodal AI platform to make video foundation models accessible to build video products. Founded by Aiden Lee, Dave Chung, Jae Lee, SJ Kim, and Soyoung Lee in 2021, Twelve Labs has now raised a total of $107.1M in total equity funding and is backed by Databricks Ventures, HubSpot Ventures, IQT, SK Telecom, and Snowflake Ventures.
Vapi – $20.0M
San Francisco-based Vapi provides artificial intelligence services for group meetings. Founded by John Dearsley and Nikhil Gupta in 2020, Vapi has now raised a total of $20.1M in total equity funding and is backed by Abstract, AI Grant, Bessemer Venture Partners, Michael Ovitz, Saga Ventures Management, and Y Combinator.
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VeraDermics – $75.0M
New Haven-based VeraDermics is a dermatology company that creates novel drug delivery mechanisms for a pain-free cure for skin conditions such as warts. Founded by Kyle Ryder, Lauren Durso, Madeline DeWane, Ming Lee, and Reid Waldman in 2019, VeraDermics has now raised a total of $110.7M in total equity funding and is backed by Connecticut Innovations, J.W. CHILDS ASSOCIATES, L.P., Longitude Capital, OUP (Osage University Partners), PhiFund Ventures, Surveyor Capital, Suvretta Capital Management, and Vlad Coric.
Raptor Maps – $35.0M
Somerville-based Raptor Maps provides performance intelligence solutions for solar asset management. Founded by Eddie Obropta, Forrest Meyen, and Nikhil Vadhavkar in 2015, Raptor Maps has now raised a total of $62.0M in total equity funding and is backed by Blue Bear Capital, Buoyant Ventures, Congruent Ventures, MacKinnon, Bennett & Company, Maverix Private Equity, and Y Combinator.
Evinced – $55.0M
Palo Alto-based Evinced offers end-to-end accessibility automation services to provide enterprises with accessibility into web and mobile development. Founded by Gal Moav and Navin Thadani in 2018, Evinced has now raised a total of $112.0M in total equity funding and is backed by Benhamou Global Ventures, Capital One Ventures, Engineering Capital, Insight Partners, M12 – Microsoft’s Venture Fund, and Vertex Ventures.
Speak – $78.0M
San Francisco-based Speak develops tools that facilitate real-time communication and collaboration among users in various environments. Founded by Andrew Hsu and Connor Zwick in 2016, Speak has now raised a total of $152.0M in total equity funding and is backed by Accel, Khosla Ventures, OpenAI Startup Fund, and Y Combinator.
Albert Invent – $22.5M
San Francisco-based Albert Invent provides a digital platform for materials science research and development. Founded by Neelesh Vaikhary and Nick Talken in 2022, Albert Invent has now raised a total of $30.0M in total equity funding and is backed by Coatue, F-Prime Capital, Homebrew, Index Ventures, and TCV.
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.
Ask Sage – $17.0M
Bentonville-based Ask Sage is a GPT-driven platform that provides a cutting-edge AI assistant designed specifically for government teams and corporations. Founded by Nicolas Chaillan in 2023, Ask Sage has now raised a total of $17.0M in total equity funding and is backed by Mucker Capital and Sapphire Ventures.
Aampe – $18.0M
San Francisco-based Aampe provides mobile app engagement and personalization infrastructure for short-form notifications and messaging. Founded by Paul Meinshausen in 2020, Aampe has now raised a total of $27.3M in total equity funding and is backed by Theory Ventures and Z47.
Electrified Thermal Solutions – $19.0M
Medford-based Electrified Thermal Solutions replace fossil fuels with renewable heat in every furnace, turbine, boiler and kiln to decarbonize industry. Founded by Daniel Stack and Joey Kabel in 2021, Electrified Thermal Solutions has now raised a total of $23.5M in total equity funding and is backed by Clean Energy Venture Group, Clean Energy Ventures, EDP Ventures, GVP Climate, Holcim MAQER Ventures, MassVentures, Starlight Ventures, TechEnergy Ventures, Tupras Ventures, and Vale Ventures.
Azimuth AI – $11.5M
Folsom-based Azimuth AI is an embedded silicon product company that offers highly differentiated ASICs for edge computing applications. Founded by Praveen Yasarapu and Sridevi Badiga in 2023, Azimuth AI has now raised a total of $18.8M in total equity funding and is backed by AUM Ventures, Cyient, and Moneta Ventures.
Capstan Medical – $110.0M
Santa Cruz-based Capstan Medical is creating minimally invasive technologies to treat heart valve disorders. Founded by Dan Wallace and David Schummers in 2020, Capstan Medical has now raised a total of $141.4M in total equity funding and is backed by Eclipse Ventures, Gideon Strategic Partners, Intuitive Ventures, and Yu Galaxy.
