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 8/31/24 featuring funding details for Magic, Parry Labs, Cribl, and sixteen other deals representing $804M in new funding that you need to know about.
Agency AI – $2.6M
San Francisco-based Agency AI provides AgentOps.ai to create a reliable environment for AI agent development. Founded by Adam Silverman, Alex Reibman, and Shawn Qiu in 2023, Agency AI has now raised a total of $2.6M in total equity funding and is backed by 645 Ventures and Afore Capital.
Butlr – $38.0M
Burlingame-based Butlr is a physical AI startup that specializes in wireless anonymous people sensing and occupancy detection solutions. Founded by Honghao Deng and Jiani Zeng in 2019, Butlr has now raised a total of $73.0M in total equity funding and is backed by Carrier, DNX Ventures, Foundry Group, GS Futures, Hyperplane, Jason Haider, Joi Ito, Pacific Alliance Ventures, Pavan Ongole, Qualcomm Ventures, Ray Stata, Tectonic Ventures, The E14 Fund, Union Labs Ventures, and Yves Behar.
Cribl – $200.0M
San Francisco-based Cribl enables open observability and defies data gravity, giving customers radical levels of choice and control over their data. Founded by Clint Sharp, Dritan Bitincka, and Ledion Bitincka in 2018, Cribl has now raised a total of $602.2M in total equity funding and is backed by CapitalG, CRV, GIC, Google Ventures, and IVP.
Foundersuite – $13.0M
San Francisco-based Foundersuite is a collection of software tools and templates that help startup CEOs execute more efficiently and effectively. Founded by Gerry Hays and Nathan Beckord in 2015, Foundersuite has now raised a total of $13.0M in total equity funding and is backed by BlueTree Venture Fund, Brick Capital Ventures, Frontier Capital, Plug and Play Tech Center, Squadra Ventures, The Veteran Fund, and Tiger Global Management.
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.
HomeLight – $20.0M
Scottsdale-based HomeLight is a real estate platform where users can buy and sell homes. Founded by BC Broussard, Drew Uher, and Jason Zhang in 2012, HomeLight has now raised a total of $298.5M in total equity funding and is backed by Menlo Ventures, Stereo Capital, and Zeev Ventures.
just words – $1.7M
San Francisco-based Just words is a software company that makes it simple to create self-optimized content variations for emails and advertisements. Founded by Neha Mittal in 2024, just words has now raised a total of $2.2M in total equity funding and is backed by Peak XV Partners and Y Combinator.
Last Energy – $40.0M
Washington-based Last Energy is creating a new system for the development and delivery of small modular nuclear power plants. Founded by Bret Kugelmass in 2020, Last Energy has now raised a total of $64.0M in total equity funding and is backed by Autodesk Foundation and Gigafund.
Magic – $320.0M
San Francisco-based Magic is an AI coding startup that enables developers to work with AI to find code for building apps. Founded by Eric Steinberger and Sebastian De Ro in 2022, Magic has now raised a total of $465.1M in total equity funding and is backed by Atlassian Ventures, CapitalG, Daniel Gross, Elad Gil, Eric Schmidt, Jane Street Capital, Nat Friedman, Nat Friedman, and Sequoia Capital.
Mercately – $2.6M
Miami-based Mercately increases a company’s sales through an ecommerce ecosystem, built for messaging applications. Founded by Henry Sebastian Remache in 2021, Mercately has now raised a total of $2.7M in total equity funding and is backed by BuenTrip Ventures, Inventus Capital Partners, Salkantay Ventures, SVQUAD, and Techstars.
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Moveo.AI – $2.3M
New Milford-based Moveo.AI provides a conversational AI platform that automates customer interactions. Founded by Panos Karagiannis and Thanos Papadimitriou in 2020, Moveo.AI has now raised a total of $3.0M in total equity funding and is backed by Charge Ventures, Eleven Ventures, and Uni.Fund.
Parry Labs – $80.0M
Alexandria-based Parry Labs integrates digital systems, modernizes defense platforms, and accelerates military technology development. Founded by John Parkes and Robert Miller in 2015, Parry Labs has now raised a total of $80.0M in total equity funding and is backed by 3Wire Partners, Capitol Meridian Partners, Teamworthy Ventures, and True Ventures.
PrivacyHawk – $3.0M
Los Angeles-based Privacyhawk is a personal data protection app that helps reduce peoples’ digital footprint and reduces their risk of scams and fraud. Founded by Aaron Mendes and Justin Wright in 2021, PrivacyHawk has now raised a total of $6.8M in total equity funding and is backed by Alliance for Southern California Innovation, Alumni Ventures, Array, Cadron Capital Partners, Duro Ventures, ff Venture Capital, Gaingels, K Street Capital, Liebenthal Ventures, and U.S. News & World Report.
ProhostAI – $1.5M
San Francisco-based ProhostAI develops an AI-powered system to automate vacation rental guest communications and operations. Founded by Andrew Lawson and Bill Ulammandakh in 2024, ProhostAI has now raised a total of $1.5M in total equity funding and is backed by Data Tech Fund, Pear VC, and Y Combinator.
Pylon – $17.0M
San Francisco-based Pylon is a real-time customer operations platform helping B2B companies scale customer success and support over Slack, Teams, and Discord. Founded by Advith Chelikani, Marty Kausas, and Robert Eng in 2022, Pylon has now raised a total of $20.3M in total equity funding and is backed by Andreessen Horowitz, General Catalyst, and Y Combinator.
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.
Rep AI – $8.2M
Middletown-based Rep AI offers AI concierge that enhances the performance of eCommerce businesses by boosting traffic conversions and driving sales growth. Founded by Shauli Mizrahi and Yoav Oz in 2019, Rep AI has now raised a total of $8.2M in total equity funding and is backed by Flashpoint, Oryzn Capital, and Osage Venture Partners.
Supio – $25.0M
Seattle-based Supio is an accurate and dependable AI that assists attorneys in finding crucial information. Founded by Jerry Zhou and Kyle Lam in 2021, Supio has now raised a total of $25.0M in total equity funding and is backed by Bonfire Ventures, Foothill Ventures, and Sapphire Ventures.
TiLT – $15.0M
Fort Collins-based TiLT makes leave not suck Founded by Jennifer Henderson in 2017, TiLT has now raised a total of $30.1M in total equity funding and is backed by Bramalea Partners, Firework Ventures, HearstLab, Origin Ventures, Techstars.
Turntable Labs – $8.2M
Miami-based Turntable Labs: Hang out online with music Founded by Joseph Perla in 2020, Turntable Labs has now raised a total of $8.2M in total equity funding and is backed by 468 Capital, Elizabeth Street Ventures, f7 Ventures, Founders Fund, and Michael Guimarin.
VRGL – $6.0M
Dallas-based VRGL offers wealth management tools that streamline investment proposals and client acquisition. Founded by Josh Smith and Joshua Zimmerman in 2021, VRGL has now raised a total of $21.0M in total equity funding and is backed by Fin Capital, FINTOP Capital, Flyover Capital, MissionOG, and Northwestern Mutual Future Ventures.
