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 8/12/23 featuring funding details for Trove, Osano, Atmosfy, and nineteen other deals representing $905M in new funding that you need to know about.
FIGUR8 – $25.0M
Boston-based FIGUR8 is a medical software developer of a wearable sensor technology designed for musculoskeletal health. Founded by Nan-Wei Gong and Tiegeng Ren in 2016, FIGUR8 has now raised a total of $41.5M in total equity funding and is backed by DigiTx Partners, First Spark Ventures, and Phoenix Venture Partners.
Flo Recruit – $4.2M
Austin-based Flo Recruit enables law firms to hire faster and support law schools in helping their students find jobs. Founded by Atreya Misra and Katherine Allen in 2016, Flo Recruit has now raised a total of $14.8M in total equity funding and is backed by Alumni Ventures, LiveOak Venture Partners, Moneta Ventures, and Tau Ventures.
Rightfoot – $15.0M
San Francisco-based Rightfoot enables developers to quickly and easily add debt repayment to any application. Founded by Danielle Pensack, Deirdre Clute, and Will Schmitt in 2018, Rightfoot has now raised a total of $20.0M in total equity funding and is backed by Bain Capital Ventures, Blue Lion Global, BoxGroup, Kraken Ventures, and Renegade Partners.
Horizon3.ai – $40.0M
San Francisco-based Horizon3.ai develops NodeZero which provides an autonomous penetration testing solution that helps customers find and fix attack vectors. Founded by Anthony Pillitiere and Snehal Antani in 2019, Horizon3.ai has now raised a total of $78.5M in total equity funding and is backed by Craft Ventures and SignalFire.
Osano – $25.0M
Austin-based Osano is a provider of a data privacy compliance suite that aids businesses in complying with privacy regulations such as GDPR and CCPA. Founded by Arlo Gilbert and Scott Hertel in 2018, Osano has now raised a total of $44.4M in total equity funding and is backed by Baird Capital, First Ascent Ventures, Jump Capital, LiveOak Venture Partners, Next Coast Ventures, and TDF Ventures.
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Serve Robotics – $30.0M
Los Angeles-based Serve Robotics develops self-driving robots to deliver food and supplies. Founded by Ali Kashani and Dmitry Demeshchuk in 2021, Serve Robotics has now raised a total of $53.0M in total equity funding and is backed by Mark Tompkins, NVIDIA, Republic Deal Room, Uber, and Wavemaker Partners.
Simon Data – $54.0M
New York-based Simon Data is the creator of a customer data platform that allows marketers to create complicated client categories. Founded by Frank Harris, Jason Davis, Joshua Neckes, and Matt Walker in 2015, Simon Data has now raised a total of $115.8M in total equity funding and is backed by .406 Ventures, F-Prime Capital, Macquarie Capital, and Polaris Partners.
Spearbit – $7.0M
New York-based Spearbit connects independent security experts to the Web3 projects that need them. Founded by Alex Beregszaszi and Jake Lang in 2021, Spearbit has now raised a total of $8.5M in total equity funding and is backed by 1kx, Breed VC, Framework Ventures, Nascent, Robot Ventures, and Volt Capital.
Stamus Networks – $6.0M
Indianapolis-based Stamus Networks is a provider of high-performance network-based threat detection and hunting systems. Founded by Eric Leblond and Peter Manev in 2019, Stamus Networks has now raised a total of $7.5M in total equity funding and is backed by Elevate Ventures, First Analysis, SmoothBrain, and VisionTech Partners.
Symmetry Systems – $17.7M
San Mateo-based Symmetry Systems is a platform that detects, responds, and protects against data breaches. Founded by Casen Hunger, Mohit Tiwari, and Puneet Tiwari in 2018, Symmetry Systems has now raised a total of $35.7M in total equity funding and is backed by Forgepoint Capital, Prefix Capital, The Syndicate Group, and W11 Capital Management.
Trove – $30.0M
Brisbane-based Trove develops an online trading software to improve the process of buying back and reselling used items. Founded by Andy Ruben in 2012, Trove has now raised a total of $152.5M in total equity funding and is backed by 31Ventures, ArcTern Ventures, G2 Venture Partners, Prelude Ventures, and Wellington Management.
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Veza – $15.0M
Palo Alto-based Veza is a data security platform that helps users use and share their data safely. Founded by Maohua Lu, Rob Whitcher, and Tarun Thakur in 2020, Veza has now raised a total of $125.0M in total equity funding and is backed by Capital One Ventures and ServiceNow Ventures.
Daybreak Health – $13.0M
San Francisco-based Daybreak Health specializes in providing online counseling services, especially for teens, helping to stabilize their mental fitness. Founded by Alex Alvarado, Luke Mercado, and Siddarth Cidambi in 2019, Daybreak Health has now raised a total of $24.9M in total equity funding and is backed by Lightspeed Venture Partners, Lux Capital, Maven Ventures, Union Square Ventures, and Y Combinator.
MindsDB – $5.0M
Berkeley-based MindsDB is an open-source platform that enables developers to integrate machine learning into applications. Founded by Adam Carrigan and Jorge Torres in 2017, MindsDB has now raised a total of $59.4M in total equity funding and is backed by Benchmark, Mayfield Fund, NVentures, OpenOcean, Walden Catalyst, and Y Combinator.
Neuralink – $280.0M
Fremont-based Neuralink is developing a brain machine interface that provides solutions for those with paralysis. Founded by Elon Musk and Max Hodak in 2016, Neuralink has now raised a total of $643.0M in total equity funding and is backed by Founders Fund.
One Model – $41.0M
Austin-based One Model, a talent analytics accelerator, enables HR departments to measure the productivity and efficiency of their workforce. Founded by Chris Butler, David Wilson, and Matthew Wilton in 2014, One Model has now raised a total of $44.7M in total equity funding and is backed by AV8 Ventures, Geekdom, Queensland Investment Corporation, and Riverwood Capital.
The LA TechWatch 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 LA business community and beyond. Learn more about advertising to LA Tech, at scale.
Persefoni – $50.0M
Tempe-based Persefoni provides a climate management and accounting platform for real-time management, analytics, and disclosure. Founded by Jason Offerman, Kentaro Kawamori, and Kim Stroh in 2020, Persefoni has now raised a total of $164.2M in total equity funding and is backed by Alumni Ventures, Bain & Company, Clearvision Ventures, EDF Pulse Croissance, ENEOS Innovation Partners, NGP Energy Technology Partners, Parkway Venture Capital, Prelude Ventures, Rice Investment Group, and TPG Rise Climate Fund.
Resilience – $100.0M
San Francisco-based Resilience supports companies assess, measure, and manage their cyber risk by balancing risk acceptance, mitigation, and transfer. Founded by Davis Hake, Matthew Hall, Raj Shah, and Vishaal Hariprasad in 2016, Resilience has now raised a total of $217.0M in total equity funding and is backed by Founders Fund, General Catalyst, Intact Ventures, and Lightspeed Venture Partners.
Weights & Biases – $50.0M
San Francisco-based Weights & Biases is a developer-first MLOps platform that builds machine learning performance visualization tools. Founded by Chris Van Pelt, Lukas Biewald, and Shawn Lewis in 2017, Weights & Biases has now raised a total of $250.0M in total equity funding and is backed by Bloomberg Beta, Bond, Coatue, Daniel Gross, Felicis, Insight Partners, Nat Friedman, and Sapphire Ventures.
ConductorOne – $12.0M
Portland-based ConductorOne integrates permission management for the web and modern infrastructure. Founded by Alexander Bovee and Paul Querna in 2020, ConductorOne has now raised a total of $32.0M in total equity funding and is backed by Anna Westelius, Felicis, Jason Chan, Mark Hillick, Rohit Parchuri, Shubham, Tom Alcock, Travis McPeak, and William Bengtson.
Verdagy – $73.0M
Moss Landing-based Verdagy is innovating water electrolysis technology for the very large-scale production of green hydrogen. Founded by Ryan Gilliam in 2021, Verdagy has now raised a total of $117.0M in total equity funding and is backed by Bidra Innovation Ventures, Bluescope Steel, Galp, Samsung Venture Investment, Shell Ventures, Temasek Holdings, Toppan Ventures, Tupras Ventures, Yara Growth Ventures, and Zeon Ventures.
Atmosfy – $12.0M
San Francisco-based Atmosfy is a platform for discovering dining and nightlife through video. Founded by Michael Ebel in 2021, Atmosfy has now raised a total of $12.0M in total equity funding and is backed by Canaan Partners, Convivialite Ventures, Gaingels, Industry Ventures, Palm Tree Crew Investments, Progression Fund, Redpoint, Streamlined Ventures, Team Ignite Ventures, and Village Global.
