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 9/28/24 featuring funding details for Pyka, Atlys, Elon, and twenty-five other deals representing $1.1B in new funding that you need to know about.
Aarna Networks – $1.2M
San Jose-based Aarna Networks solves enterprise edge and private 5G management complexity through zero-touch edge orchestration at scale. Founded by Amar Kapadia and Sriram Rupanagunta in 2018, Aarna Networks has now raised a total of $10.9M in total equity funding and is backed by Exfinity Venture Partners.
AminoChain – $5.0M
New York-based AminoChain focuses on tokenizing stem cells, a form of regenerative therapy, and creating incentives for donors to participate. Founded by Caspar Barnes in 2022, AminoChain has now raised a total of $5.7M in total equity funding and is backed by a16z crypto.
AmpUp – $15.0M
Santa Clara-based AmpUp is an electric vehicle charging company that enables drivers, hosts, and fleets to charge stress-free. Founded by Thomas Sun and Tim Gavrilovic in 2018, AmpUp has now raised a total of $15.3M in total equity funding and is backed by Autotech Ventures, Connecticut Innovations, Foothill Ventures, Goodyear, Holman, MUUS Climate Partners, Powerhouse Ventures, TechNexus Venture Collaborative, Touchdown Ventures, and Wex Venture Capital.
Centivo – $75.0M
Buffalo-based Centivo offers a digital health plan aimed at self-funded employers looking to provide employees with care. Founded by Alan Cohen, Ashok Subramanian, Boris Khomut, Jordan Silvergleid, Ruth Berkowitz, Stuart Roth, and Tahasin Alam in 2017, Centivo has now raised a total of $226.4M in total equity funding and is backed by B Capital, Cone Health Ventures, Cox Enterprises, F-Prime Capital, Ingleside Investors, and MemorialCare Innovation Fund.
Dandelion Energy – $40.0M
Mount Kisco-based Dandelion Energy is a home geothermal company that offers geothermal heating and cooling installations. Founded by James Quazi and Kathleen Hannun in 2017, Dandelion Energy has now raised a total of $174.5M in total equity funding and is backed by Breakthrough Energy Ventures, Collaborative Fund, Google Ventures, LenX, and NGP Energy Capital Management.
Daylight – $6.0M
Brooklyn-based Daylight is “onchain for you”. Our transaction recommendation API helps apps, protocols, and creators grow. Founded by Kyle McCollom and Morley Zhi in 2022, Daylight has now raised a total of $9.0M in total equity funding and is backed by 1kx, Chapter One Ventures, Corbin Page, Evgeny Yurtaev, Framework Ventures, Ido Ben Natan, Nir Kabessa, Raz Niv, Shreyas Hariharan, Union Square Ventures, and Vadim Koleoshkin.
Zap Energy – $130.0M
Everett-based Zap Energy is developing compact fusion power that doesn’t require magnets or lasers. Founded by Benj Conway, Brian Nelson, and Uri Shumlak in 2017, Zap Energy has now raised a total of $324.0M in total equity funding and is backed by BAM Elevate, Breakthrough Energy Ventures, Chevron Technology Ventures, DCVC, Emerson Collective, Energy Impact Partners, Lowercarbon Capital, Mizuho Financial Group, Plynth Energy, Shell Ventures, Soros Fund Management, Valor Equity Partners, and Xplor Ventures.
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.
Pyka – $40.0M
Alameda-based Pyka develops autonomous electric aircraft to transform agriculture and logistics with innovative technology. Founded by Chuma Ogunwole, Kyle Moore, Michael Norcia, and Nathan White in 2017, Pyka has now raised a total of $88.1M in total equity funding and is backed by Metaplanet, Obvious Ventures, Piva Capital, Prelude Ventures, and Y Combinator.
Crisp – $17.0M
New York-based Crisp ingests and delivers daily, actionable retail data from 40+ sources, providing brands with visibility into inventory and sales. Founded by Are Traasdahl and Dag Liodden in 2016, Crisp has now raised a total of $98.0M in total equity funding and is backed by Cox Enterprises, DNX Ventures, FirstMark, Prologis, Socium Ventures, Toshiba Corporation, and Wellington Management.
LiveFlow – $13.5M
New York-based LiveFlow is a finance and accounting automation platform that reduces manual effort for finance professionals and accounting firms. Founded by Anita Koimur, Evan O’Brien, and Lasse Kalkar in 2021, LiveFlow has now raised a total of $20.8M in total equity funding and is backed by Valar Ventures.
OxeFit – $17.5M
Plano-based OxeFit provides a strength training system that uses AI-powered technology that integrates robotics, movement, and performance tracking. Founded by Mohammed Shanableh and Peter Neuhaus in 2019, OxeFit has now raised a total of $52.5M in total equity funding and is backed by Anne Mahlum and Dave Asprey.
Supabase – $80.0M
San Francisco-based Supabase is an open-source Firebase alternative that provides a full PostgreSQL database. Founded by Anthony Wilson and Paul Copplestone in 2020, Supabase has now raised a total of $196.1M in total equity funding and is backed by Avra Capital, Coatue, Craft Ventures, Felicis, Peak XV Partners, and Y Combinator.
David Energy – $23.0M
Brooklyn-based David Energy is an energy company that leverages advanced technology to transform the way electricity is consumed, managed, and distributed. Founded by Ahmed Salman, Brian Maxwell, and James McGinniss in 2019, David Energy has now raised a total of $85.5M in total equity funding and is backed by BoxGroup, Cathay Innovation, Equal Ventures, Keyframe Capital Partners, and Union Square Ventures.
Torq – $70.0M
Denver-based Torq is a AI-first security hyperautomation company that provides a no-code automation platform designed to enhance security operations. Founded by Eldad Livni, Leonid Belkind, and Ofer Smadari in 2020, Torq has now raised a total of $190.0M in total equity funding and is backed by Bessemer Venture Partners, Evolution Equity Partners, Greenfield Partners, Notable Capital, and Strait Capital Investment Group.
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UJET – $76.0M
San Francisco-based UJET is a cloud-based contact center platform that provides mobile and AI-powered solutions for managing customer service operations. Founded by Anand Janefalkar and Hisun Kim in 2015, UJET has now raised a total of $176.6M in total equity funding and is backed by Citi Ventures, DCM Ventures, Ericsson Ventures, Google Ventures, Ion Pacific, KeyBank, Kleiner Perkins, and Sapphire Ventures.
Whatfix – $125.0M
San Jose-based Whatfix provides GenAI-powered in-app guidance, simulated training, and application analytics to support end-users in using digital tools. Founded by Khadim Batti and Varakumar Namburu in 2014, Whatfix has now raised a total of $264.5M in total equity funding and is backed by SoftBank Vision Fund and Warburg Pincus.
Atlys – $20.0M
San Francisco-based Atlys is a travel and visa application platform that makes obtaining travel visas easy. Founded by Mohak Nahta in 2020, Atlys has now raised a total of $48.3M in total equity funding and is backed by Andreessen Horowitz, DST Global, Elevation Capital, Headline, Peak XV Partners, and South Park Commons.
Hyperlight – $37.0M
Cambridge-based HyperLight is a producer of thin-film lithium niobate photonic integrated circuit solutions. Founded by Cheng Wang, Christian Reimer, Marko Loncar, and Mian Zhang in 2018, Hyperlight has now raised a total of $37.0M in total equity funding and is backed by Foothill Ventures, Summit Partners, and Xora Innovation.
Distyl AI – $20.0M
San Francisco-based Distyl AI develops a generative artificial intelligence platform to increase AI readiness and develop comprehensive AI-based solutions. Founded by Arjun Prakash and Derek Ho in 2022, Distyl AI has now raised a total of $27.0M in total equity funding and is backed by Coatue.
Tamnoon – $12.0M
Sammamish-based Tamnoon offers a managed cloud security remediation platform focused on enhancing cloud security and effectively managing threats. Founded by Idan Perez, Marina Segal, and Zohar Alon in 2022, Tamnoon has now raised a total of $17.1M in total equity funding and is backed by Blu Venture Investors, Bright Pixel (formerly Sonae IM), Elron Ventures, Inner Loop Capital, Merlin Ventures, Mindset Ventures, and Secret Chord Ventures.
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.
Eion – $3.0M
Princeton-based Eion removes atmospheric CO2, permanently and verifiably, with enhanced rock weathering on the soil. Founded by Adam Wolf in 2021, Eion has now raised a total of $15.0M in total equity funding and is backed by AgFunder, Exelon Foundation, Growmark, Mercator Partners, Overture VC, Ridgeline, and Trailhead Capital.
arqu – $10.0M
San Francisco-based Arqu is a financial services company that specializes in insurance services. Founded by Chi H Lee and Christopher Levine in 2020, arqu has now raised a total of $13.5M in total equity funding and is backed by Crosslink Capital, Foxe Capital, Intact Ventures, Lightspeed Venture Partners, and Nationwide Ventures.
The Looma Project – $10.0M
Durham-based The people & stories behind your products. Founded by Cole Johnson in 2015, The Looma Project has now raised a total of $12.6M in total equity funding and is backed by YETI Capital.
Utility Global – $53.0M
Houston-based Utility Global is an off-gas-to-value company that reduces emissions and improves energy efficiency through clean energy generation systems. Founded by David Hall, Jin Dawson, and Matt Dawson in 2018, Utility Global has now raised a total of $86.0M in total equity funding and is backed by Ara Partners, Aramco Ventures, ArcelorMittal, Ontario Power Generation, and Saint-Gobain.
K1x – $20.0M
Chicago-based K1x is a SaaS financial technology company with long-established tax technology. Founded by Geralyn Hurd and Neal Schneider in 2022, K1x has now raised a total of $35.0M in total equity funding and is backed by Edison Partners.
Mendaera – $73.0M
San Mateo-based Mendaera is a healthcare technology company that focuses on leveraging robotics, AI, and imaging to enhance patient care. Founded by Jason Wilson and Josh DeFonzo in 2020, Mendaera has now raised a total of $97.0M in total equity funding and is backed by Fred Moll, M.D, Lux Capital, PFM Health Sciences, and Threshold.
Route 92 Medical – $50.0M
San Mateo-based Route 92 Medical is a medical device company developing a catheter to treat stroke. Founded by Joey English, Scott Wilson, and Tony M. Chou in 2015, Route 92 Medical has now raised a total of $166.5M in total equity funding and is backed by InnovaHealth Partners, Norwest Venture Partners, Novo Holdings, The Vertical Group, and U.S. Venture Partners.
