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 11/23/24 featuring funding details for Iontra, Levanta, Teleo, and twenty-five other deals representing $11B (not a typo) in new funding that you need to know about.
LogicMonitor – $800.0M
Santa Barbara-based LogicMonitor is a hybrid observability platform that provides IT observability and monitoring for cloud-based IT infrastructures. Founded by Jie Song and Steve Francis in 2007, LogicMonitor has now raised a total of $942.9M in total equity funding and is backed by Golub Capital and PSG Equity.
Anomalo – $10.0M
Palo Alto-based Anomalo allows users to continuously inspect and validate the data coming into their warehouses. Founded by Elliot Shmukler and Jeremy Stanley in 2018, Anomalo has now raised a total of $82.0M in total equity funding and is backed by Smith Point Capital.
Federato – $40.0M
Palo Alto-based Federato provides a RiskOps platform that streamlines underwriting processes for insurance carriers, MGAs, and MGUs. Founded by William Ross and William Steenbergen in 2020, Federato has now raised a total of $80.0M in total equity funding and is backed by Caffeinated Capital, Emergence Capital, Pear VC, and StepStone Group.
Inversion – $44.0M
Los Angeles-based Inversion builds space capsules to return cargo back to Earth for the commercial, civil, and defense industries. Founded by Austin Briggs and Justin Fiaschetti in 2021, Inversion has now raised a total of $54.1M in total equity funding and is backed by Adjacent, Kindred Capital, Lockheed Martin Ventures, Spark Capital, and Y Combinator.
Magma Math – $40.0M
New York-based Magma Math is an e-learning math platform for K–12 classrooms that helps improve teaching practises and learning for students. Founded by Henrik Appert in , Magma Math has now raised a total of $45.0M in total equity funding and is backed by Five Elms Capital.
OneRail – $42.0M
Orlando-based OneRail is a software-as-a-service platform that offers final mile delivery services for enterprise shippers. Founded by Bill Catania and Lisa Catania in 2018, OneRail has now raised a total of $96.5M in total equity funding and is backed by Aliment Capital, Arsenal Growth Equity, Bullpen Capital, Chicago Ventures, eGateway Capital, Florida Opportunity Fund, Gaingels, Las Olas Venture Capital, Mana Ventures, and Piva Capital.
Prompt Security – $18.0M
New York-based Prompt Security enables organizations to adopt Generative AI safely and securely with a complete platform for GenAI Security. Founded by Itamar Golan and Lior Drihem in 2023, Prompt Security has now raised a total of $23.0M in total equity funding and is backed by F5, Hetz Ventures, Jump Capital, Okta Ventures, and Ridge Ventures.
Selector – $33.0M
Santa Clara-based Selector is a software company that provides AIOps platform for operational intelligence. Founded by Kannan Kothandaraman and Nitin Kumar in 2019, Selector has now raised a total of $66.0M in total equity funding and is backed by Ansa Capital, AT&T Ventures, Atlantic Bridge, Bell Ventures, Hyperlink Ventures, SineWave Ventures, Singtel Innov8, and Two Bear Capital.
Spectro Cloud – $75.0M
San Jose-based Spectro Cloud uniquely enables organizations to manage Kubernetes in production, at scale. Founded by Gautam Joshi, Saad Malik, and Tenry Fu in 2019, Spectro Cloud has now raised a total of $162.5M in total equity funding and is backed by Goldman Sachs Alternatives.
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SuperAnnotate – $36.0M
San Mateo-based SuperAnnotate is an AI data platform that unifies AI pipeline and simplifies dataset creation, curation, and model evaluation. Founded by Davit Badalyan, Jason Liang, Tigran Petrosyan, and Vahan Petrosyan in 2019, SuperAnnotate has now raised a total of $53.5M in total equity funding and is backed by Databricks Ventures, NVIDIA, Play Time Ventures, and Socium Ventures.
Wordware – $30.0M
San Francisco-based Wordware enables users to create and host a complete LLM stack for developing AI applications. Founded by Filip Kozera and Robert Chandler in 2023, Wordware has now raised a total of $31.9M in total equity funding and is backed by 20SALES, Andrew Milich, Azeem Azhar, Bartek Pucek, Ben Tossell, Brian Jacobs, Chia Jeng Yang, Dan Westgarth, Day One Ventures, Don Stalter, Felicis, Figma Ventures, Friends & Family Capital, Grzegorz Kossakowski, Innovation Nest, J4.Ventures, Jason Boehmig, Jay Reno, Jedrzej Szczesniak, Jeff Henriod, John Cassidy, Kacper Szcze≈õniak, Kulveer Taggar, Mathilde Collin, Matt Brown, Michele Grazioli, Neil Shah, Nicholas Elledge, Nicholas Pilkington, Paul Daugherty, Paul Graham, Paul Stahura, Piotr Karwatka, Rahul Mehta, Robin Choy, Shawn swyx W, Siqi Chen, Soleio Soleio, Spark Capital, Stan Boland, SV Angel, Terrence Rohan, Theo Browne, Theory Forge Ventures, Thijn Lamers, Tod Sacerdoti, Tomasz Karwatka, Vlad Magdalin, Walter Kortschak, and Y Combinator.
Zenflow – $24.0M
South San Francisco-based Zenflow is a medical company that gives new hope to men suffering from BPH symptoms. Founded by Nick Damiano, Shreya Mehta, and Wayne Silby in 2014, Zenflow has now raised a total of $79.9M in total equity funding and is backed by Cook Medical, F-Prime Capital, Invus Opportunities, and MedTech Venture Partners.
Cyera – $300.0M
New York-based Cyera is an AI-powered data security platform that gives enterprises deep context on their data to assure cyber-resilience and compliance. Founded by Tamar Bar-Ilan and Yotam Segev in 2021, Cyera has now raised a total of $764.5M in total equity funding and is backed by Accel, Coatue, Georgian, Redpoint, Sapphire Ventures, and Sequoia Capital.
Epic Cleantec – $12.0M
San Francisco-based Epic Cleantec is a full-service water technology company providing turnkey wastewater treatment and reuse systems for the built environment. Founded by Aaron Tartakovsky, Igor Tartakovsky, Ilan Levy, and Oded Halperin in 2015, Epic Cleantec has now raised a total of $25.2M in total equity funding and is backed by Dr. Garry Rayant and Kathy Fields.
Anthropic – $4.0B
San Francisco-based Anthropic is an IT safety and research company that focuses on increasing the safety of large-scale AI systems. Founded by Daniela Amodei, Dario Amodei, Jack Clark, Sam McCandlish, and Tom Brown in 2021, Anthropic has now raised a total of $4.4B in total equity funding and is backed by Amazon.
Kong – $175.0M
San Francisco-based Kong is a cloud-native platform that powers API-led connectivity for developer productivity, automating security, and microservices. Founded by Augusto Marietti, Marco Palladino, and Michele Zonca in 2009, Kong has now raised a total of $344.1M in total equity funding and is backed by 137 Ventures, Andreessen Horowitz, Balderton Capital, CRV, Index Ventures, Notable Capital, Sapphire Ventures, Teachers’ Venture Growth, and Tiger Global Management.
VISO TRUST – $7.0M
San Francisco-based VISO Trust is a SaaS third-party cyber risk management for the modern enterprise. Founded by Paul Valente and Russell Sherman in 2020, VISO TRUST has now raised a total of $21.0M in total equity funding and is backed by Allstate Strategic Ventures, Bain Capital Ventures, Cisco Investments, EnvisionX Capital, Lytical Ventures, SAV (Scale Asia Ventures), Sierra Ventures, and Work-Bench.
xAI – $5.0B
Burlingame-based XAI is an AI company that develops a platform to accelerate human scientific discovery. Founded by Christian Szegedy, Elon Musk, Kyle Kosic, Manuel Kroiss, and Toby Pohlen in 2023, xAI has now raised a total of $11.4B in total equity funding and is backed by Andreessen Horowitz, Qatar Investment Authority, Sequoia Capital, and Valor Equity Partners.
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Aira Technologies – $14.5M
Saratoga-based Aira Technologies is a wireless company Founded by Anand Chandrasekher and RaviKiran Gopalan in 2019, Aira Technologies has now raised a total of $38.4M in total equity funding and is backed by Acrew Capital, AT&T Ventures, In-Q-Tel, Intel Capital, Juniper Networks, and Neotribe Ventures.
Agentio – $12.0M
New York-based Agentio is the first ad platform for creator content. We’ve automated how brands buy the most performant and authentic ad unit. Founded by Arthur Leopold and Jonathan Meyers in 2023, Agentio has now raised a total of $16.3M in total equity funding and is backed by AlleyCorp, Benchmark, and Craft Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – Agentio Raises $12M Series A to Make Creator Advertising as Easy as Google Ads
Iontra – $45.0M
Centennial-based Iontra provides battery charging technology designed to enhance the performance of commercial lithium-ion batteries. Founded by Daniel Konopka, Jason Seedig, and Jeff Granato in 2013, Iontra has now raised a total of $125.0M in total equity funding and is backed by Volta Energy Technologies.
Levanta – $20.0M
Seattle-based Levanta develops an affiliate marketing software purpose-built for Amazon. Founded by Ian Brodie, Rob Schab, and Spencer McKenney in 2022, Levanta has now raised a total of $21.4M in total equity funding and is backed by Volition Capital.
Keychain – $15.0M
New York-based Keychain is a CPG production platform that collaborates with retailers and brands. Founded by Jordan Weitz, Oisin Hanrahan, and Umang Dua in 2023, Keychain has now raised a total of $35.5M in total equity funding and is backed by BoxGroup, General Mills, Lightspeed Venture Partners, Schreiber Foods, and SV Angel.
EarthOptics – $24.0M
Arlington-based EarthOptics provides a cloud-based machine learning platform for soil and ground management. Founded by Lars Dyrud and Todd Martin in 2018, EarthOptics has now raised a total of $62.5M in total equity funding and is backed by Cibus Fund, CNH Industrial, Conti Ventures, Cooperative Ventures, iSelect Fund, Leaps by Bayer, Pappas Capital, Rabo Ventures, Route 66 Ventures, RuralWorks Partners, S2G Ventures, Serra Ventures, Shell Ventures, The Norinchukin Bank, The Production Board (TPB), TO ventures, and VTC Ventures.
Enfabrica – $115.0M
Mountain View-based Enfabrica is an AI networking chip startup that develops networking solutions for parallel and accelerated computing infrastructure. Founded by Rochan Sankar and Shrijeet Mukherjee in 2019, Enfabrica has now raised a total of $240.0M in total equity funding and is backed by Alumni Ventures, Arm Holdings, Atreides Management, Cisco Investments, IAG Capital Partners, Liberty Global Ventures, Maverick Silicon, Samsung Catalyst Fund, Spark Capital, Sutter Hill Ventures, Valor Equity Partners, and VentureTech Alliance.
Teleo – $7.0M
Palo Alto-based Teleo provides construction equipment by converting existing fleet into remote-controlled robots. Founded by Rom Clement and Vinay Shet in 2019, Teleo has now raised a total of $28.2M in total equity funding and is backed by F-Prime Capital, Triatomic Capital, Trucks Venture Capital, and UP Partners.
New Lantern – $19.0M
San Francisco-based New Lantern is an AI-powered medical imaging solution that supercharges radiologists. Founded by Shiva Suri in 2021, New Lantern has now raised a total of $22.6M in total equity funding and is backed by Afore Capital, Amjad Masad, Benchmark, Gokul Rajaram, Guillermo Rauch, Jay Kreps, Menlo Ventures, Neo, Saji Wickramasekara, and SV Angel.
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