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 11/2/24 featuring funding details for ContraForce, Sierra, Petfolk, and twenty-eight other deals representing $2B in new funding that you need to know about.
Andium – $21.7M
New York-based Andium is an Industrial Internet of Things (IIoT) company that builds a smarter world and empowers leaders to create meaningful change. Founded by Jory Schwach in 2013, Andium has now raised a total of $38.7M in total equity funding and is backed by Aramco Ventures, Climate Investment, Intrepid Financial Partners, and Tom Miglis.
Bifrost AI – $8.0M
San Francisco-based Bifrost is a developer of a Generative 3D platform for creatives to create custom virtual worlds. Founded by Aravind Kandiah and Charles Wong in 2020, Bifrost AI has now raised a total of $13.1M in total equity funding and is backed by Airbus Ventures, Carbide Ventures, MD ONE Ventures, Peak XV Partners, Techstars, and Wavemaker Partners.
Billd – $17.5M
Austin-based Billd is a construction finance company that offers material purchases at 120-day terms to the construction industry. Founded by Christopher Doyle and Jesse Weissburg in 2018, Billd has now raised a total of $107.5M in total equity funding and is backed by HighSage Ventures, LL Funds, MissionOG, RJT Credit, and Ulysses Management.
CredibleMind – $7.5M
Sausalito-based CredibleMind helps people optimize their mental health, emotional well-being and spiritual growth. Founded by Deryk Van Brunt in 2018, CredibleMind has now raised a total of $16.5M in total equity funding and is backed by Horizon Blue Cross Blue Shield of New Jersey.
Crusoe Energy Systems – $500.0M
Denver-based Crusoe Energy Systems provides solutions for the energy industry helping them to reduce routine flaring of natural gas. Founded by Chase Lochmiller and Cully Cavness in 2018, Crusoe Energy Systems has now raised a total of $1.0B in total equity funding and is backed by Felicis and Founders Fund.
DoorLoop – $100.0M
Miami-based DoorLoop is a software company for property management that enables clients to screen tenants, collect rent, and manage accounting services. Founded by Adam Mait, David Bitton, Itay Gardi, Matthew Cave, and Ori Tamuz in 2019, DoorLoop has now raised a total of $130.0M in total equity funding and is backed by JMI Equity.
Fingercheck – $115.0M
Brooklyn-based Fingercheck is an all-in-one payroll and HR app for small business that pays, schedules, and manages hourly workers. Founded by Joel Kohn in 2013, Fingercheck has now raised a total of $115.0M in total equity funding and is backed by Columbus Capital, Edison Partners, and StepStone Group.
LuxWall – $51.0M
Ypsilanti-based LuxWall is a building materials manufacturer that innovates the design and production of vacuum-insulated glass. Founded by Scott V. Thomsen in 2020, LuxWall has now raised a total of $90.0M in total equity funding and is backed by 2150, Barclays Sustainable and Impact Banking, Baruch Future Ventures, Breakthrough Energy Ventures, Carbon Equity, Climate Investment, Khosla Ventures, Prelude Ventures, and The Nature Conservancy.
Read AI – $50.0M
Seattle-based Read AI is a productivity AI company that enhances workflows with meeting analytics, scheduling, and summaries across messages and email. Founded by David Shim, Elliott Waldron, and Rob Williams in 2021, Read AI has now raised a total of $81.0M in total equity funding and is backed by Goodwater Capital, Madrona, and Smash Capital.
Sierra – $175.0M
San Francisco-based Sierra is an AI startup that tackles essential business challenges by leveraging Enterprise AI solutions. Founded by Bret Taylor and Clay Bavor in 2023, Sierra has now raised a total of $285.0M in total equity funding and is backed by Greenoaks, ICONIQ Capital, and Thrive 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.
Third Wave Automation – $27.0M
Union City-based Third Wave Automation provides cloud robotics and machine learning technology to material handling automation. Founded by Arshan Poursohi, James Davidson, and Julian (Mac) Mason in 2018, Third Wave Automation has now raised a total of $97.0M in total equity funding and is backed by Innovation Endeavors, Norwest Venture Partners, Qualcomm Ventures, and Woven Capital.
Reflexivity – $30.0M
New York-based Reflexivity provides analytics and artificial intelligence-based solutions for the investment industry. Founded by Armenak Mayalian and Jan Szilagyi in 2019, Reflexivity has now raised a total of $42.8M in total equity funding and is backed by General Catalyst, Greg Coffey, Greycroft, Interactive Brokers Group, Israel Englander, SOFTBANK Latin America Ventures, and Stanley Druckenmiller.
Wildfire Systems – $16.0M
Solana Beach-based Wildfire Systems provides a white-label platform for shopping rewards and cashback. Founded by Jordan Glazier in 2017, Wildfire Systems has now raised a total of $33.5M in total equity funding and is backed by B Capital, Citi Ventures, Cohen Circle, DLA Piper, Evolution Ventures, Gaingels, Intuit, Moonshots Capital, Mucker Capital, QED Investors, Samsung NEXT, and TTV Capital.
Armis Security – $200.0M
San Francisco-based Armis is a developer of an asset intelligence platform to analyze endpoint behavior to identify risks and attacks. Founded by Nadir Izrael, Tomer Schwartz, and Yevgeny Dibrov in 2015, Armis Security has now raised a total of $737.0M in total equity funding and is backed by Alkeon Capital, Brookfield Asset Management, General Catalyst, and Georgian.
Flueid – $8.3M
Austin-based Flueid is a real estate tech company that provides data and insights for real estate workflows. Founded by Peter Bowman and Peter Richter in 2017, Flueid has now raised a total of $43.9M in total equity funding and is backed by Aquiline Technology Growth, Commerce Ventures, Detroit Venture Partners, and LiveOak Ventures.
Homee – $12.0M
Tampa-based Homee is a technology-enabled claims management company that connects policyholders, insurance, and warranty companies. Founded by Dave Theus and Doug Schaedler in 2016, Homee has now raised a total of $62.3M in total equity funding and is backed by Florida Funders, Jeffrey Vinik, Sure, The Institutes Knowledge Group, and W. R. Berkley.
Beta Technologies – $318.0M
South Burlington-based Beta Technologies manufactures electric vertical takeoff, landing eVTOL aircraft, and recharging pad systems. Founded by Kyle Clark in 2017, Beta Technologies has now raised a total of $1.2B in total equity funding and is backed by Fidelity, Qatar Investment Authority, TPG Rise Climate Fund, and United Therapeutics.
Browserbase – $21.0M
San Francisco-based Browserbase is a comprehensive platform for developers to host, administer, and monitor headless browsers in the cloud. Founded by Paul Klein IV in 2024, Browserbase has now raised a total of $27.5M in total equity funding and is backed by CRV, John Lagomarsino, Kleiner Perkins, Okta Ventures, Outset Capital, and Strike Capital.
Infinite Machine – $9.3M
Brooklyn-based Infinite Machine is to create the world’s most captivating non-auto vehicles. Founded by Eddie Cohen and Joseph Cohen in 2021, Infinite Machine has now raised a total of $9.3M in total equity funding and is backed by Adjacent, Amjad Masad, Andreessen Horowitz, Ben Rubin, Clem Delangue, Josh Miller, Molly Mielke, Necessary Ventures, Nico Rosberg, Otherwise Fund, Terrence Rohan, and Yael Aflalo.
Melio – $150.0M
New York-based Melio is a fintech company that gives small businesses a way to digitally manage their business-to-business payments and receivables. Founded by Ilan Atias, Matan Bar, and Ziv Paz in 2018, Melio has now raised a total of $654.0M in total equity funding and is backed by Fiserv.
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Tabs – $25.0M
New York-based Tabs is the first AI Driven Revenue Automation Platform for B2B Finance Founded by Ali Hussain and Deepak Bapat in 2023, Tabs has now raised a total of $37.0M in total equity funding and is backed by FOG Ventures, General Catalyst, Gokul Rajaram, Greg Raiten, Imraan Ahmed, Kiran Lingam, Lightspeed Venture Partners, Primary Venture Partners, and Zunaira Arshad.
Cornerstone AI – $5.0M
San Mateo-based Cornerstone AI provides the cleaning and standardizing of data and too analyzing it. Founded by Andrew Howland, Clara Oromendia, and Michael Elashoff in 2020, Cornerstone AI has now raised a total of $10.0M in total equity funding and is backed by Acrew Capital, Arif Nathoo, Healthy Ventures, Initiate Studios, Travis May, and Web Sun.
Petfolk – $36.0M
Charlotte-based Petfolk provides modern veterinary care through in-person and virtual services. Founded by Audrey Wystrach and Michael Wystrach in 2020, Petfolk has now raised a total of $151.0M in total equity funding and is backed by Cutting Horse VC, Deerfield Management, Idea Farm Ventures, Movendo Capital, Parkview International, and White Star Capital.
BondBloxx – $27.0M
Larkspur-based BondBloxx is an ETF issuer dedicated to creating tools for investors to identify opportunities in fixed-income markets. Founded by Brian O’Donnell, Elya Schwartzman, Joanna Gallegos, Leland Clemons, and Mark Miller in 2021, BondBloxx has now raised a total of $27.0M in total equity funding and is backed by Macquarie Asset Management.
MIND – $11.0M
Seattle-based MIND operates as a data security platform. Founded by Eran Barak, Hod Bin Noon, and Itai Schwartz in 2023, MIND has now raised a total of $11.0M in total equity funding and is backed by YL Ventures.
Latii – $5.0M
New York-based Latii is a cloud-based supply chain platform where construction materials are sourced. Founded by Juan Pascual Orero and Santiago Bueno in 2022, Latii has now raised a total of $7.1M in total equity funding and is backed by Act One Ventures, Era Ventures, Leadout Capital, Nine Four Ventures, and RXR Digital Ventures.
ContraForce – $3.3M
Mckinney-based ContraForce’s pioneering AI-powered Security Service Delivery Platform for service providers unleashes their security service potential. Founded by Ricky Melendez and Stan Golubchik in 2021, ContraForce has now raised a total of $8.7M in total equity funding and is backed by DataTribe and GALLOS Technologies.
Abstract Security – $15.0M
San Francisco-based Abstract Security provides data management solutions for security and compliance analytics. Founded by Chris Camacho in 2023, Abstract Security has now raised a total of $23.5M in total equity funding and is backed by Crosslink Capital, Munich Re Ventures, and Rally Ventures.
Pathos – $62.0M
Chicago-based Pathos develops an AI-enabled drug discovery platform to reduce the medication development process. Founded by Ryan Fukushima in 2020, Pathos has now raised a total of $82.0M in total equity funding and is backed by Builders VC, Lightbank, New Enterprise Associates, and Revolution Growth.
RiPSIM Technologies – $5.0M
Mclean-based RiPSIM Technologies develops a software-defined eSIM ecosystem that enables wireless service providers to design and download eSIMs. Founded by Christoph Jahr in 2021, RiPSIM Technologies has now raised a total of $6.9M in total equity funding and is backed by Ten Eleven Ventures.
Table22 – $11.0M
New York-based Table22 is a subscription based platform that helps restaurants build, manage, and grow offerings for fans and guests. Founded by Samuel Bernstein in 2015, Table22 has now raised a total of $11.0M in total equity funding and is backed by Alt Capital, Footwork, Forerunner, and Lightspeed Venture 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.
