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 9/7/24 featuring funding details for Revefi, Demex, Cortex, and fourteen other deals representing $1.4B in new funding that you need to know about.
3DEO – $3.5M
Torrance-based 3DEO is a 3D metal printing company that focuses on high volume production of small metal parts, assemblies, and subsystems. Founded by Matt Sand, Matthew Petros, and Payman Torabi in 2016, 3DEO has now raised a total of $38.3M in total equity funding and is backed by Mizuho Bank.
Approveit – $1.0M
San Francisco-based Approveit is a business process management software that automates business workflows to enhance operational efficiency. Founded by Dmitry Matveev and Serge Gusev in 2021, Approveit has now raised a total of $1.0M in total equity funding and is backed by 10vc, Telegraph Hill Capital, and Verras Capital.
Cortex – $60.0M
San Francisco-based Cortex is the leading internal developer portal empowering engineering teams to do their best work. Founded by Anish Dhar, Ganesh Datta, and Nikhil Unni in 2019, Cortex has now raised a total of $112.7M in total equity funding and is backed by Alpha Square Group, Cross Creek, IVP, John Collison, Patrick Collison, Scale Venture Partners, Sequoia Capital, WiL (World Innovation Lab), and Y Combinator.
Oyster – $59.0M
Charlotte-based Oyster is a distributed HR platform that offers companies to hire, pay, and care for teammates. Founded by Jack Mardack and Tony Jamous in 2020, Oyster has now raised a total of $283.2M in total equity funding and is backed by Emergence, Endeavor Catalyst, G2 Venture Partners, Georgian, Silver Lake Waterman, and Stripes.
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Mintlify – $18.5M
San Francisco-based Mintlify simplifies software documentation creation, maintenance, and publishing, enabling developers to focus on core work. Founded by Hahnbee Lee and Han Wang in 2022, Mintlify has now raised a total of $21.7M in total equity funding and is backed by Andreessen Horowitz, Bain Capital, and Y Combinator.
Segmed – $10.4M
Palo Alto-based Segmed is a RWE governance platform that provides clinical data and medical imaging for platform solutions. Founded by Cailin Hardell, Jie Wu, Martin Willemink, and Wojciech Adam Koszek in 2019, Segmed has now raised a total of $20.4M in total equity funding and is backed by Advocate Health, Blumberg Capital, Bold Brain Ventures, Castellan Group, Engine Health Capital, Expeditions Fund, Fox Chase Cancer Center, iGan Partners, Nina Capital, NovaCapital, and Y Combinator.
Switch Bioworks – $17.0M
San Carlos-based Switch Bioworks produces sustainable nitrogen fertilizer by reprogramming naturally occurring symbiotic microbes to produce fertilizers. Founded by Tim Schnabel in 2022, Switch Bioworks has now raised a total of $23.6M in total equity funding and is backed by Acre Venture Partners, Ag Ventures Alliance, Anthos Capital, Astanor Ventures, Change Capital Partners, Emerson Collective, Grantham Foundation, and Thia Ventures.
Demex – $10.3M
Washington-based Demex provides operational climate risk coverage and retained climate risk reinsurance services. Founded by Edward Byrns and Stephen Bennett in 2020, Demex has now raised a total of $28.5M in total equity funding and is backed by Blue Bear Capital, Congruent Ventures, MetaProp, and Moxxie Ventures.
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24M Technologies – $87.0M
Cambridge-based 24M Technologies develops energy storage systems for grid and transportation applications. Founded by Throop Wilder, W. Craig Carter, and Yet-Ming Chiang in 2010, 24M Technologies has now raised a total of $181.6M in total equity funding and is backed by Asahi Kasei, Dai Nippon Printing, Kyocera, Lucas TVS, Mitsui O.S.K. Lines, and Nuovo Plus.
Mangomint – $35.0M
Los Angeles-based Mangomint is the #1 highest rated salon and spa software in the US and Canada Founded by Dan Poineau, Daniel Lang, and Sandra Huber in 2017, Mangomint has now raised a total of $49.8M in total equity funding and is backed by Altos Ventures and SaaStr Fund.
Laravel – $57.0M
Arkansas City-based Laravel is an open-source PHP web application framework that is commonly used for web application development. Founded by Taylor Otwell in 2011, Laravel has now raised a total of $57.0M in total equity funding and is backed by Accel.
Safe Superintelligence – $1.0B
Palo Alto-based Safe Superintelligence is an artificial intelligence research lab that solves the technical challenge of building superhuman intelligence. Founded by Daniel Gross, Daniel Levy, and Ilya Sutskever in 2024, Safe Superintelligence has now raised a total of $1.0B in total equity funding and is backed by Andreessen Horowitz, DST Global, NFDG Ventures, Sequoia Capital, and SV Angel.
ATLAS Space Operations – $15.0M
Traverse City-based ATLAS Space Operations is the Satellite Communications as a Service Getting Your Data, Faster Founded by Brad Bode, Mike Carey, and Sean McDaniel in 2015, ATLAS Space Operations has now raised a total of $45.5M in total equity funding and is backed by Beringea, Boomerang-Catapult, Michigan Capital Network, Michigan Rise, NewSpace Capital, Red Cedar Venture, and Wakestream Ventures.
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.
Revefi – $20.0M
Redmond-based Revefi is an AI data engineering company that uses generative AI and automation to help customers maximize ROI from data warehouse tools. Founded by Sanjay Agrawal and Shashank Gupta in 2021, Revefi has now raised a total of $30.5M in total equity funding and is backed by GTM Capital, Icon Ventures, Mayfield Fund, and StepStone Group.
DubClub – $7.5M
San Francisco-based DubClub is an online platform for people to consume, discuss, and buy premium sports content from creators. Founded by Andrew Daschbach, Lewis Burik, and Ryan Gaertner in 2021, DubClub has now raised a total of $11.0M in total equity funding and is backed by Dave Gilboa and Renegade Partners.
Venova Medical – $30.0M
Los Gatos-based Venova Medical develops vascular access systems for patients requiring renal replacement therapy. Founded by Erik van der Burg and Shant Vartanian in 2018, Venova Medical has now raised a total of $38.0M in total equity funding and is backed by Aphelion Capital, Cadence Healthcare Ventures, Catalyst Health Ventures, KOFA Healthcare Investments, Mirae Asset Capital, and Shangbay Capital.
CytoTronics – $13.5M
Boston-based CytoTronics is designing and developing cell culture plates with embedded high-density electronic systems. Founded by Duane Sword in 2020, CytoTronics has now raised a total of $22.8M in total equity funding and is backed by Anzu Partners, BoxOne Ventures, Draper Associates, Legend Star, LYFE Capital, RIT Venture Fund I, and LLC.
