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 8/26/23 featuring funding details for Massdriver, Modular, ZeroEyes, and nineteen other deals representing $1.4B in new funding that you need to know about.
Arccos Golf – $20.0M
Stamford-based Arccos Golf develops an Arccos Caddie platform that provides golfers with automatic shot tracking and an A.I.-powered GPS rangefinder. Founded by 2011, Arccos Golf has now raised a total of $26.5M in total equity funding and is backed by Cobra Golf, PGA TOUR, PING, TaylorMade Golf, and Topgolf Callaway Brands Corp.
Axiom Space – $350.0M
Houston-based Axiom Space is a commercial space station company that connects to the ISS. Founded by 2016, Axiom Space has now raised a total of $500.0M in total equity funding and is backed by Aljazira Capital, Boryung Pharmaceutical, and Chenel Capital.
Hospitable.com – $1.0M
San Francisco-based Hospitable.com automates the management of short-term rentals, directly on booking channels. Founded by 2016, Hospitable.com has now raised a total of $1.0M in total equity funding and is backed by AngelList Quant Fund.
Hugging Face – $235.0M
New York-based Hugging Face allows users to build, train, and deploy art models using the reference open source in machine learning. Founded by 2016, Hugging Face has now raised a total of $395.2M in total equity funding and is backed by Amazon, AMD, Google, IBM, Intel, NVIDIA, Qualcomm, Salesforce Ventures, and Sound Ventures.
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Ikigai Labs – $25.0M
San Francisco-based Ikigai helps analysts and operations teams automate data-intensive business, finance, analytics, and supplychain operations. Founded by 2019, Ikigai Labs has now raised a total of $38.0M in total equity funding and is backed by e& capital, Foundation Capital, and PremjiInvest.
Clockworks Analytics – $16.1M
Somerville-based Clockworks Analytics is a SaaS startup that helps buildings to keep track of their operating systems. Founded by 2008, Clockworks Analytics has now raised a total of $26.1M in total equity funding and is backed by Carom Growth Partners and SE Ventures.
Massdriver – $8.0M
Pasadena-based Massdriver is an internal development platform that empowers engineers to deploy production-ready infrastructure. Founded by 2021, Massdriver has now raised a total of $8.0M in total equity funding and is backed by 1984 Ventures, Builders VC, Hack VC, Page One Ventures, Preston-Werner Ventures, Soma Capital, Uncorrelated Ventures, and Y Combinator.
Modular – $100.0M
Palo Alto-based Modular is an AI software developer platform that unifies the development and deployment of AI for everyone. Founded by 2022, Modular has now raised a total of $130.0M in total equity funding and is backed by Factory, General Catalyst, Google Ventures, Greylock, and SVA.
Nursa – $80.0M
Salt Lake City-based Nursa is a healthcare staffing and recruiting firm that connects nurses with facilities directly. Founded by 2018, Nursa has now raised a total of $103.2M in total equity funding and is backed by Drive Capital, Kickstart, and Pelion Venture Partners.
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SmartCommerce – $6.1M
Atlanta-based SmartCommerce develops a shopping cart platform to make digital advertisements. Founded by 2016, SmartCommerce has now raised a total of $27.9M in total equity funding and is backed by Mathers Associates and The Argentum Group.
SpyCloud – $110.0M
Austin-based SpyCloud develops account takeover prevention and fraud investigation tools to protect businesses from cyberattacks. Founded by 2016, SpyCloud has now raised a total of $168.5M in total equity funding and is backed by Riverwood Capital and Silverton Partners.
Thyme Care – $60.0M
Nashville-based Thyme Care is a provider of oncology care management solutions. Founded by 2020, Thyme Care has now raised a total of $82.0M in total equity funding and is backed by AlleyCorp, Andreessen Horowitz, Casdin Capital, Foresite Capital, Frist Cressey Ventures, and Town Hall Ventures.
Ramp – $300.0M
New York-based Ramp is a finance automation platform that helps businesses spend less time and money. Founded by 2019, Ramp has now raised a total of $967.0M in total equity funding and is backed by A* Partners, Altimeter Capital, Coatue, D1 Capital Partners, Definition, Founders Fund, General Catalyst, Honeycomb Portfolio, ICONIQ Capital, Kinetic Partners, Lux Capital, Montauk Ventures, Redpoint Ventures China, Sands Capital Ventures, Spark Capital, Stripe, and Thrive 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.
ZeroEyes – $23.0M
Philadelphia-based ZeroEyes is an AI security company that detects weapons and sends alerts to prevent and stop active shooter threats. Founded by 2018, ZeroEyes has now raised a total of $48.9M in total equity funding and is backed by Alliance Holdings GP and Octave Ventures LLC.
Arkifi – $9.0M
Palo Alto-based Arkifi is an artificial intelligence company that develops AI-powered financial analyst tools. Founded by 2023, Arkifi has now raised a total of $9.0M in total equity funding and is backed by Aaron Applbaum, Correlation Ventures, G&H Partners, Khosla Ventures, Modern Venture Partners, Nyca Partners, Soma Capital, and Valiant Capital Partners.
Koverly – $7.6M
Waltham-based Koverly is a FinTech firm that helps businesses manage their B2B payments and receivables online. Founded by 2021, Koverly has now raised a total of $7.6M in total equity funding and is backed by Accomplice, One Way Ventures, and Vinyl Capital.
Pico MES – $12.4M
Redwood City-based Pico MES develops a manufacturing execution system designed for factory and machinery control. Founded by 2019, Pico MES has now raised a total of $18.6M in total equity funding and is backed by Bosch Ventures, Congruent Ventures, Counterpart Ventures, Lemnos VC, Momenta, SE Ventures, and Union Labs Ventures.
Ghost – $30.0M
Los Angeles-based Ghost combines real-time data with intelligent solutions to help brands monetize their excess inventory discreetly and sustainably. Founded by 2021, Ghost has now raised a total of $48.0M in total equity funding and is backed by Cathay Innovation, Eniac Ventures, Equal Ventures, and Union Square Ventures. LA TechWatch broke the news in an exclusive covering the round and much more – Ghost Raises Another $30M for its Marketplace for Excess Retail Inventory
