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 6/2/23 featuring funding details for Deep Sentinel, Measurable, Pixxel, and fifteen\ other deals representing $772M in new funding that you need to know about.
Axuall – $20.0M
Cleveland-based Axuall is a workforce intelligence company providing data and insights for network planning, analytics, and credentialing for healthcare. Founded by Aaron Cornell and Charlie Lougheed in 2018, Axuall has now raised a total of $33.4M in total equity funding and is backed by AV8 Ventures, Epsilon Health Investors, Flare Capital Partners, Hartford HealthCare Endowment, InHealth Ventures, Intermountain Ventures, Jumpstart Ventures, LocumTenens, M25, Noro-Moseley Partners, and University Hospitals.
Vartana – $20.0M
San Francisco-based Vartana is a B2B payments platform that helps businesses reach their potential by purchasing software and versatile payment options. Founded by Ahmed Sharif and Kush Kella in 2020, Vartana has now raised a total of $39.0M in total equity funding and is backed by Activant Capital, Audacious Ventures, Flex Capital, and Mayfield Fund.
Cortex – $35.0M
San Francisco-based Cortex is a software platform designed to manage and operate microservices. Founded by Anish Dhar, Ganesh Datta, and Nikhil Unni in 2019, Cortex has now raised a total of $52.7M in total equity funding and is backed by Craft Ventures, IVP, Sequoia Capital, Tiger Global Management, and Y Combinator.
Pixxel – $36.0M
El Segundo-based Pixxel is a space data company that develops a constellation of hyperspectral earth imaging satellites. Founded by Awais Ahmed and Kshitij Khandelwal in 2019, Pixxel has now raised a total of $69.0M in total equity funding and is backed by Athera Venture Partners, Blume Ventures, Google, growX ventures, Lightspeed Venture Partners, Radical Ventures, and Sparta Group.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
Carrum Health – $45.0M
San Francisco-based Carrum Health is a value-based centers of platform that ensures patients receive quality and less expensive care. Founded by Brent Nicholson and Sach Jain in 2014, Carrum Health has now raised a total of $96.0M in total equity funding and is backed by Cross Creek, OMERS Growth Equity, Revelation Partners, SpringRock Ventures, Tiger Global Management, and Wildcat Venture Partners.
Lynk Global – $10.0M
Falls Church-based Lynk Global is a mobile network technology company that offers universal connectivity for mobile phones. Founded by Charles Miller, Margo Deckard, and Tyghe Speidel in 2017, Lynk Global has now raised a total of $21.0M in total equity funding and is backed by Explorer 1 Fund, Gaingels, Starbridge Venture Capital, and Trajectory Ventures.
Lightmatter – $154.0M
Boston-based Lightmatter changes chip architecture, powering faster, energy-efficient computing with photonic processors for sustainable AI advancement. Founded by Darius Bunandar, Nicholas Harris, and Thomas Graham in 2017, Lightmatter has now raised a total of $267.0M in total equity funding and is backed by Fidelity Management and Research Company, Google Ventures, Hewlett Packard Enterprise, SIP Global Partners, Trajectory Ventures, and Viking Global Investors.
Forge Nano – $50.0M
Louisville-based Forge Nano is a materials science company that uses proprietary nano-coating tech, Atomic Armor, to transform material engineering. Founded by David King and Paul Lichty in 2011, Forge Nano has now raised a total of $72.8M in total equity funding and is backed by Ascent Hydrogen Fund, Catalus Capital, Hanwha Aerospace, and OIC.
Deep Sentinel – $15.0M
Pleasanton-based Deep Sentinel is a home security company that produces a series of cameras powered by deep learning that can evaluate threats on a property. Founded by David Selinger and Winston Chen in 2016, Deep Sentinel has now raised a total of $38.4M in total equity funding and is backed by Intel Capital, Shasta Ventures, Slow Ventures, The Syndicate.com, and UP2398.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
UpCodes – $3.5M
San Francisco-based UpCodes helps the AEC industry deliver code compliant buildings. Founded by Garrett Reynolds and Scott Reynolds in 2016, UpCodes has now raised a total of $7.6M in total equity funding and is backed by Bragiel Brothers, Building Ventures, and CapitalX.
Hyro – $20.0M
New York-based Hyro is a plug-and-play conversational AI platform that enables enterprises to add voice and text capabilities to their digital channels. Founded by Israel Krush and Rom Cohen in 2018, Hyro has now raised a total of $35.0M in total equity funding and is backed by Black Opal Ventures, Hanaco Venture Capital, K20 Fund, Liberty Mutual Strategic Ventures, Macquarie Capital, Mindset Ventures, and Spero Ventures.
UtilizeCore – $16.7M
New York-based UtilizeCore is a neural network-based platform that enables subscribers to procure subcontractors and deliver quality service. Founded by Jason Kwait, Johnny Zhu, and Ryan Gottfried in 2020, UtilizeCore has now raised a total of $22.8M in total equity funding and is backed by boldstart ventures, Daniel Ciporin, FirstMark, Joe Osnoss, Kearny Jackson, Lee Feldman, Mana Ventures, and Robert Harteveldt.
Measurabl – $93.0M
San Diego-based Measurabl is an ESG (environmental, social, governance) technology solution for real estate. Founded by Lance Onken and Matt Ellis in 2013, Measurabl has now raised a total of $172.6M in total equity funding and is backed by Broadscale, Building Ventures, Camber Creek, Colliers, Concrete Venture Capital, Constellation Technology Ventures, Energy Impact Partners, Lincoln Property Company, Moderne Ventures, RET Ventures, Salesforce Ventures, Suffolk Construction, Sway Ventures, and WVV Capital.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
RealBlocks – $10.0M
New York-based RealBlocks is a technology platform that delivers online access to alternative investments. Founded by Naman Srivastava and Perrin Quarshie in 2017, RealBlocks has now raised a total of $20.7M in total equity funding and is backed by Crosslink Capital and Left Lane Capital.
Credit Genie – $4.0M
Conshohocken-based Credit Genie is a fintech company that provides financial tools and debt relief services. Founded by Ed Harycki in 2019, Credit Genie has now raised a total of $13.2M in total equity funding and is backed by Gabriel Investments, Khosla Ventures, and Tippet Venture Partners.
PayNearMe – $45.0M
Santa Clara-based PayNearMe provides a web and mobile-based cash payments platform designed to facilitate online purchases and bill payments. Founded by Danny Shader in 2009, PayNearMe has now raised a total of $105.7M in total equity funding and is backed by August Capital, Costanoa Ventures, DNS Capital, H. Barton Asset Management, Invicta Management LLC, Queensland Investment Corporation, and True Ventures.
Strive Health – $166.0M
Denver-based Strive Health is a value-based kidney care provider with an integrated system supporting the journey of individuals with kidney disease. Founded by Chris Riopelle in 2018, Strive Health has now raised a total of $386.0M in total equity funding and is backed by Ascension Ventures, CapitalG, CVS Health Ventures, Echo Health Ventures, New Enterprise Associates, Redpoint, and Town Hall Ventures.
Vectara – $28.5M
Cupertino-based Vectara is an LLM powered search service. Founded by Amr Awadallah in 2020, Vectara has now raised a total of $28.5M in total equity funding and is backed by Emad Mostaque and Race Capital.
Attention seed-stage founders! 43North is on the hunt for its next cohort. Five companies will receive a $1M investment for 5% equity. The best part? The money is only the beginning. At 43North, you’ll gain access to funding, mentorship and connections designed to fuel your growth and propel your business forward. Learn more and apply at 43North.org.
