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 9/14/24 featuring funding details for ZeroAvia, Darkhive, Polly, and twenty other deals representing $1B in new funding that you need to know about.
Candid Health – $29.0M
San Francisco-based Candid Health is a revenue cycle automation platform that simplifies medical billing processes for healthcare providers. Founded by Adam Reis and Nick Perry in 2019, Candid Health has now raised a total of $47.3M in total equity funding and is backed by 8VC, BoxGroup, First Round Capital, and Y Combinator.
Connectly.ai – $20.0M
Redwood City-based Connectly is a conversational commerce company that uses artificial intelligence models to help retailers grow their business. Founded by Stefanos Loukakos and Yandong Liu in 2020, Connectly.ai has now raised a total of $37.3M in total equity funding and is backed by Alibaba Group, Falabella Ventures, Philippos Kourkoulos Latsis, RX Ventures, Unusual Ventures, and Volpe Capital.
Datricks – $15.0M
New York-based Datricks transforms the way CFOs, internal auditors and SOX teams attain risk-free continuous financial compliance Founded by Haim Halpern and Roy Rozenblum in 2019, Datricks has now raised a total of $15.0M in total equity funding and is backed by Jerusalem Venture Partners (JVP), SAP, and Team8 Capital.
Glean – $260.0M
Palo Alto-based Glean develops an AI-based search engine software that connects enterprise data and generates answers through a tool in any company. Founded by Arvind Jain, Piyush Prahladka, Tony Gentilcore, and TR Vishwanath in 2019, Glean has now raised a total of $618.2M in total equity funding and is backed by Altimeter, Coatue, Craft Ventures, DST Global, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, and SoftBank Vision Fund.
Forterra – $75.0M
Clarksburg-based Forterra develops autonomous systems for ground-based movement focusing on defense and industrial use. Founded by Alberto Lacaze in 2002, Forterra has now raised a total of $75.0M in total equity funding and is backed by Crescent Cove Advisors, Enlightenment Capital, Four More Capital, Hedosophia, Moore Strategic Ventures, Standard Investments, and XYZ 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.
Illuma Labs – $9.0M
Plano-based Illuma Labs delivers real time voice authentication solutions for global customers. Founded by Jeremy Whittington and Milind Borkar in 2016, Illuma Labs has now raised a total of $11.5M in total equity funding and is backed by Capital Factory, Conexus Credit Union, Curql, Forefront Venture Partners, LiveOak Ventures, Texas Dow Employees Credit Union, and UsNet.
Nirvana Health – $24.2M
New York-based Nirvana Health is a mental health company that provides an insurance intelligence platform for therapists and their patients. Founded by Akshay Venkitasubramanian, Kelvin K Chan, and Urvish Parikh in 2020, Nirvana Health has now raised a total of $39.4M in total equity funding and is backed by Eniac Ventures, Inspired Capital Partners, Northzone, and Surface Ventures.
Operant – $10.0M
San Francisco-based Operant provides security at cloud native scale. Founded by Ashley Roof, Ashraf Alhashim, Priyanka Tembey, and Vrajesh Bhavsar in 2020, Operant has now raised a total of $13.0M in total equity funding and is backed by Alumni Ventures, Calm Ventures, Felicis, Gaingels, Massive, and SineWave Ventures.
Pieces – $25.0M
Irving-based Pieces is a healthcare artificial intelligence and technology company. Founded by Ruben Amarasingham in 2015, Pieces has now raised a total of $86.5M in total equity funding and is backed by Children’s Health, Concord Health Partners, OSF Healthcare System, and Rittenhouse Ventures.
Ren Systems – $3.5M
Newark-based Ren helps dealmakers uncover and win opportunities by providing real-time and actionable intelligence about key contacts and companies. Founded by Canay Deniz in 2019, Ren Systems has now raised a total of $8.8M in total equity funding and is backed by Camber Creek, Contour Venture Partners, JLL Spark Global Ventures, and ZoomInfo.
Second Front Systems – $70.0M
Wilmington-based Second Front Systems accelerates the delivery of software-as-a-service (SaaS) solutions to the government. Founded by Mark Butler, Nate Hughes, and Peter R Dixon in 2014, Second Front Systems has now raised a total of $152.1M in total equity funding and is backed by Artis Ventures (AV), Battery Ventures, Moore Strategic Ventures, New Enterprise Associates, and Salesforce Ventures.
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ZeroAvia – $20.0M
Hollister-based ZeroAvia develops hydrogen-electric powertrains for zero-emission aviation solutions. Founded by Val Miftakhov in 2017, ZeroAvia has now raised a total of $261.7M in total equity funding and is backed by Airbus, Alaska Airlines, AP Ventures, Breakthrough Energy Ventures, Climate Pledge Fund, Ecosystem Integrity Fund, Horizons Ventures, NEOM Investment Fund, Scottish National Investment Bank, Summa Equity, Sustainable Impact Capital, and UK Infrastructure Bank.
Smartcat – $43.0M
Cambridge-based Smartcat is an all-in-one platform connecting businesses and translators into a continuous translation delivery loop. Founded by Ivan Smolnikov in 2016, Smartcat has now raised a total of $71.9M in total equity funding and is backed by Left Lane Capital.
World Labs – $230.0M
Stanford-based World Labs develops AI models with spatial intelligence for 3D world perception and interaction. Founded by Ben Mildenhall, Christoph Lassner, Fei-Fei Li, and Justin Johnson in 2024, World Labs has now raised a total of $230.0M in total equity funding and is backed by Adobe Ventures, AMD Ventures, Andreessen Horowitz, Andrej Karpathy, Anne Wojcicki, Ashton Kutcher, Databricks Ventures, Eric Schmidt, Geoffrey Hinton, Intel Capital, Jeff Dean, Jim Breyer, Marc Benioff, New Enterprise Associates, NVentures, Radical Ventures, Ram Shriram, Reid Hoffman, Ronald Conway, Shinrai Investments, and Susan Wojcicki.
Track3D – $4.3M
Milpitas-based Track3D provides a platform for advanced construction monitoring and data integration. Founded by Chaitanya Krishna Naredla, Chaitanya N K, Kiran Gutta, and Vineeth Kumar Paruchuri in 2022, Track3D has now raised a total of $4.3M in total equity funding and is backed by Endiya Partners, Monta Vista Capital, and Shadow Ventures.
Korio – $5.5M
Doylestown-based Korio is a RTSM platform that provides solutions to tackle clinical trial challenges. Founded by Chuck Harris and Ryan Keane in 2021, Korio has now raised a total of $12.3M in total equity funding and is backed by BIP Ventures, Boston Millennia Partners, and Excelerate Health Ventures.
Strider Technologies – $55.0M
Salt Lake City-based Strider is a strategic intelligence firm that utilizes artificial intelligence to convert publicly available data into actionable insights. Founded by Eric Levesque, Greg Levesque, and Mike Brown in 2019, Strider Technologies has now raised a total of $112.0M in total equity funding and is backed by AXA Venture Partners, Cyfr, DataTribe, Pelion Venture Partners, and Valor Equity Partners.
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.
P0 Security – $15.0M
San Francisco-based P0 is a universal cloud-access governance platform, that secures all identities – human and machine, without affecting developer workflows Founded by Gergely Danyi, Nathan Brahms, and Shashwat Sehgal in 2022, P0 Security has now raised a total of $20.0M in total equity funding and is backed by Lightspeed Venture Partners, SYN Ventures, and Zscaler.
Darkhive – $21.0M
San Antonio-based Darkhive offers open autonomous robotics systems for the defense and public safety communities. Founded by John Goodson and Steven Turner in 2021, Darkhive has now raised a total of $25.0M in total equity funding and is backed by Crosslink Capital, RTX Ventures, Stellar Ventures, and Ten Eleven Ventures.
Aifleet – $16.6M
Austin-based aifleet is a tech-first trucking company, using AI to optimize for asset utilization and driver experience Founded by Marc El Khoury and Mark Farkas in 2020, Aifleet has now raised a total of $55.7M in total equity funding and is backed by Compound, Cooley, Ibex Investors, Obvious Ventures, Tom Williams, Volvo Group Venture Capital, and Winthrop Square Capital.
Tab Commerce – $2.5M
Austin-based Tab Commerce is a fintech company that offers solutions to transform how restaurants handle their spending and financial management. Founded by Sam Unterman and Ty Wilson in 2021, Tab Commerce has now raised a total of $3.8M in total equity funding and is backed by Cascade Seed Fund, Matchstick Ventures, Mucker Capital, and Toba Capital.
Polly – $25.0M
San Francisco-based Polly is a revolutionary, end-to-end capital markets ecosystem that lenders trust to optimize performance and maximize profitability. Founded by Adam Carmel in 2019, Polly has now raised a total of $77.0M in total equity funding and is backed by 8VC, Fifth Wall, Khosla Ventures, Menlo Ventures, and Meritech Capital Partners.
Catalyst OrthoScience – $20.0M
Naples-based Catalyst OrthoScience is an early-stage medical device company. Founded by Steven Goldberg in 2014, Catalyst OrthoScience has now raised a total of $67.5M in total equity funding and is backed by Bridge Bank, Mutual Capital Partners, and RC Capital.
