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 12/2/23 featuring funding details for Together AI, Candex, Mozaic, and sixteen other deals representing $552M in new funding that you need to know about.
BlueVoyant – $140.0M
New York-based BlueVoyant provides advanced threat intelligence, managed security services, and cybersecurity consulting to businesses and organizations. Founded by Jim Rosenthal and Thomas Glocer in 2017, BlueVoyant has now raised a total of $665.5M in total equity funding and is backed by ISTARI and Liberty Strategic Capital.
Kahuna Workforce – $21.0M
Houston-based Kahuna Workforce is a provider of competency management software. Founded by Jai Shah in 2014, Kahuna Workforce has now raised a total of $21.0M in total equity funding and is backed by Resolve Growth Partners.
Kognitos – $20.0M
San Jose-based Kognitos is an AI platform designed to automate business processes. Founded by Binny Gill in 2021, Kognitos has now raised a total of $28.3M in total equity funding and is backed by Clear Ventures, Engineering Capital, Khosla Ventures, and Wipro Ventures.
Mozaic – $20.0M
Chicago-based Mozaic, formerly known as Jammber, is a global split payment platform built for co-creators on any project, anywhere. Founded by Adam Clabaugh, Mangesh Bhamkar, Marcus Cobb, and Rachel Knepp in 2015, Mozaic has now raised a total of $25.7M in total equity funding and is backed by Volition Capital.
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NOLEJ – $3.0M
France-based NOLEJ is an EdTech company creating the framework that will drive education in the future! Founded by Bodo Hoenen, Nejma Belkhdim, Philippe Decottignies, and Vincent Favrat in 2020, NOLEJ has now raised a total of $3.0M in total equity funding and is backed by Educapital and SQUARE Knowledge Ventures.
PayGround – $19.7M
Gilbert-based PayGround makes healthcare bill-pay simple by getting providers and patients on the same payment platform. Founded by Adam Younger, Drew Mercer, and Jared Totolo in 2018, PayGround has now raised a total of $23.7M in total equity funding and is backed by FCA Venture Partners, IA Capital Group, Plug and Play Tech Center, Rally Ventures, and SixThirty.
Pocket Network – $7.9M
Tampa-based Pocket Network is an open protocol that empowers developers with reliable, performant, and cost effective RPC access to the open internet. Founded by Michael P. O’Rourke in 2017, Pocket Network has now raised a total of $28.2M in total equity funding and is backed by Avon Ventures, Druid Ventures, Mechanism Capital, Permanent Ventures, and Placeholder.
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.
Retrocausal – $5.3M
Seattle-based Retrocausal gives superpowers to manufacturing assembly operators, plant managers, and industrial engineers with its Generative AI Copilots. Founded by Andrey Konin, Quoc-Huy Tran, and Zeeshan Zia in 2019, Retrocausal has now raised a total of $9.9M in total equity funding and is backed by Argon Ventures, Differential Ventures, Glasswing Ventures, Hypertherm Ventures, Indicator Ventures, One Way Ventures, SaaS Ventures, Stage Venture Partners, and Techstars.
Stensul – $34.5M
New York-based Stensul is an email creation platform that gives enterprise marketers the power to generate custom emails while ensuring brand governance. Founded by Noah Dinkin in 2016, Stensul has now raised a total of $57.5M in total equity funding and is backed by Edith Harbaugh, Javelin Venture Partners, Lowercase Capital, Sageview Capital, U.S. Venture Partners, and Uncork Capital. AlleyWatch broke the news in an exclusive covering the round and much more – Stensul Raises $34.5M for its Marketing Creation Platform That Lets Enterprises Create Emails, Landing Pages, and Other Assets Efficiently
Together AI – $102.5M
Menlo Park-based Together AI is a cloud-based platform designed for constructing open-source generative AI and infrastructure for developing AI models. Founded by Ce Zhang, Chris Re, Percy Liang, and Vipul Ved Prakash in 2022, Together AI has now raised a total of $122.5M in total equity funding and is backed by Emergence Capital, Kleiner Perkins, and NVIDIA.
Ursa Major – $38.0M
Berthoud-based Ursa Major provides a propulsion system for space launch, hypersonics, and national security. Founded by Joe Laurienti in 2015, Ursa Major has now raised a total of $271.8M in total equity funding and is backed by BlackRock, Eclipse, Exor Ventures, Explorer 1 Fund, Mack & Co., RTX Ventures, and XN.
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Vimcal – $4.5M
New York-based Vimcal is a calendar app that serves as an executive assistant. Founded by John Li and Michael Zhao in 2018, Vimcal has now raised a total of $6.4M in total equity funding and is backed by Altos Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – Vimcal Raises $4.5M to Reimagine the Calendar and Scheduling Experience
Valid8 Financial – $8.5M
Seattle-based Valid8 Financial offers financial services investigations by extracting and reconciling banking transactions from any PDF statement. Founded by Chris McCall and Tod McDonald in 2014, Valid8 Financial has now raised a total of $15.0M in total equity funding and is backed by Capital Midwest Fund, CPA.com, First Trust Capital Partners, Silverton Partners, and Touchdown Ventures.
PlantSwitch – $2.0M
Dallas-based PlantSwitch manufactures biocomposite resins to replace plastic items. Founded by Dillon Baxter and Maxime Blandin in 2020, PlantSwitch has now raised a total of $6.0M in total equity funding and is backed by NexPoint.
Candex – $45.0M
San Francisco-based Candex is streamlines tail spend management by facilitating easy vendor engagement, payment tracking, and financial compliance. Founded by Jeremy Lappin and Shani Vaza-Wahrmann in 2011, Candex has now raised a total of $80.5M in total equity funding and is backed by Altos Ventures, American Express Ventures, Craft Ventures, Edenred Capital Partners, Goldman Sachs Asset Management, JP Morgan, NFX, and World Innovation Lab (WiL).
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QSimulate – $2.5M
Boston-based QSimulate is leveraging the power of quantum mechanics to solve industrial-scale problems like never before. Founded by Toru Shiozaki in 2018, QSimulate has now raised a total of $9.0M in total equity funding and is backed by 2xN, Kyoto University Innovation Capital, and UTokyo Innovation Platform.
RepeatMD – $40.0M
Houston-based RepeatMD helps aesthetic and wellness practices grow their businesses through an inbound revenue platform that automates revenue generation. Founded by Philipp Sitter in 2021, RepeatMD has now raised a total of $44.2M in total equity funding and is backed by Centana Growth Partners, Full In, Mercury, and PROOF.
Xerataus IQX – $25.0M
Charlotte-based Xerataus IQX provides innovative healthcare intelligence technology and solutions. Founded by Lucien Leighton in 2022, Xerataus IQX has now raised a total of $75.0M in total equity funding and is backed by IO Group.
Squint – $13.0M
San Jose-based Squint makes every operator an expert. Founded by Devin Bhushan in 2021, Squint has now raised a total of $19.0M in total equity funding and is backed by Menlo Ventures and Sequoia 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.
