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 4/8/23 featuring funding details for Vytelle, Huddle01, Cybereason, and eleven other deals representing $601M in new funding that you need to know about.
Covariant – $75.0M
Berkeley-based Covariant is an AI Robotics company developing a universal AI that enables robots to see, reason, and act on the world around them. Founded by Peter Chen, Pieter Abbeel, Rocky Duan, and Tianhao Zhang in 2017, Covariant has now raised a total of $222.0M in total equity funding and is backed by AIX Ventures, Amplify Partners, Canada Pension Plan Investment Board, Gates Frontier fund, Index Ventures, Northgate Capital, and Radical Ventures.
Cybereason – $100.0M
Boston-based Cybereason is an endpoint detection and response platform that identifies cyber attacks for effective response. Founded by Eric Gan, Lior Div, Yonatan Amit, and Yossi Naar in 2012, Cybereason has now raised a total of $813.6M in total equity funding and is backed by SoftBank.
Everstream Analytics – $50.0M
San Marcos-based Everstream is a supply chain company that delivers actionable insights to increase the resilience and agility of supply chains. Founded by Christopher Arroyo and David Shillingford in 2012, Everstream Analytics has now raised a total of $74.0M in total equity funding and is backed by Columbia Capital, Morgan Stanley Investment Management, and StepStone Group.
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.
HeartFlow – $215.0M
Redwood City-based HeartFlow is a medical technology company that provides various methods of diagnosis and treatment of cardiovascular disease. Founded by Charles A. Taylor, Christopher K. Zarins, and John Stevens in 2010, HeartFlow has now raised a total of $782.7M in total equity funding and is backed by Baillie Gifford, Bain Capital Life Sciences, Capricorn Investment Group, Hayfin Capital Management, HealthCor Partners, Janus Henderson Investors, Martis Capital, U.S. Venture Partners, and Wellington Management.
Honeycomb – $50.0M
San Francisco-based Honeycomb provides full-stack observability for engineering teams to understand, debug, and improve production systems. Founded by Charity Majors and Christine Yen in 2016, Honeycomb has now raised a total of $148.9M in total equity funding and is backed by Headline, Insight Partners, and Scale Venture Partners.
Huddle01 – $2.8M
Middletown-based Huddle 01 is a decentralized video conferencing re-imagined for performance, affordability, and security. Founded by Ayush Ranjan and Susmit Lavania in 2020, Huddle01 has now raised a total of $2.8M in total equity funding and is backed by Balaji Srinivasan, Dan Romero, East Ventures, Good News Ventures, Hivemind Capital Partners, Juan Benet, LongHash Ventures, M31 Capital, Protocol Labs, Stani Kulechov, and Superscrypt.
OXOS Medical – $23.0M
Atlanta-based OXOS Medical develops digital imaging device for efficient and effective treatment of patients. Founded by Evan Ruff and Greg Kolovich in 2016, OXOS Medical has now raised a total of $41.7M in total equity funding and is backed by Intel Capital and Parkway Venture Capital.
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Spendflo – $11.0M
San Francisco-based Spendflo provides a SaaS buying and optimization platform that accelerates, reduces, and optimizes the SaaS purchasing cycle. Founded by Ajay Vardhan, Rajiv Ramanan, and Siddharth Sridharan in 2021, Spendflo has now raised a total of $15.4M in total equity funding and is backed by Accel and Prosus Ventures.
Spring Free EV – $31.0M
San Francisco-based Spring Free EV is a financial technology company built to accelerate the adoption of electric vehicles through innovative fintech products Founded by Martin Lagod, Sunil Paul, Tenni Theurer, and Visrin Vichit-Vadakan in 2021, Spring Free EV has now raised a total of $31.0M in total equity funding and is backed by Spring Lane Capital.
Trustle – $6.0M
Walnut Creek-based Trustle is an enterprise security company that automates access management while ensuring users have enough access. Founded by Emiliano Berenbaum and Jon Debonis in 2019, Trustle has now raised a total of $6.0M in total equity funding and is backed by Capital Technology Ventures, Correlation Ventures, FUSE, and Glasswing Ventures.
Vytelle – $20.0M
Lenexa-based Vytelle is a precision livestock company reshaping how cattle producers worldwide optimize their herds. Founded by Kerryann Kocher in 2015, Vytelle has now raised a total of $33.2M in total equity funding and is backed by Forage Capital Partners, Fulcrum Global Capital, Grosvenor Food & AgTech, KCRise Fund, Mountain Group Capital, Open Prairie, and Serra 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.
Babylon Micro-Farms – $8.0M
Richmond-based Babylon Micro-Farms offers on-demand indoor farming technology to make sustainable indoor farming accessible. Founded by Alexander Olesen and Graham Smith in 2017, Babylon Micro-Farms has now raised a total of $17.2M in total equity funding and is backed by Hull Street Capital, New Theory Ventures, VentureSouth, and Virginia Venture Partners.
Native Ai – $3.5M
New York-based NativeAi is an AI company using Digital Twins and end-to-end (E2E) innovation to fix a broken innovation system. Founded by Frank Pica and Sarah Sanders in 2018, Native Ai has now raised a total of $5.7M in total equity funding and is backed by 11 Tribes Ventures, Connetic Ventures, IvyCap Ventures, and Jumpstart Ventures.
Aqua Cultured Foods – $5.5M
Chicago-based AquaCultured Foods develops a novel new tech that creates an alternative seafood option through the use of microbial fermentation. Founded by Anne Palermo and Brittany Chibe in 2021, Aqua Cultured Foods has now raised a total of $7.8M in total equity funding and is backed by Aera VC, Amplifica Capital, Aztec Capital, Big Idea Ventures, CJ CheilJedang Corp., H Venture Partners, Hyde Park Angels, Kingfisher Capital LLC, Stray Dog Capital, Supply Change Capital, and Swiss Pampa.
