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 2/1/25 featuring funding details representing $679M in new funding that you need to know about.
Helion Energy – $425.0M
ENERGY
CLEANTECH
Everett-based Helion Energy develops fusion power technology for clean electricity generation. Founded by Chris Pihl, David Kirtley, George Votroubek, and John Slough in 2013, Helion Energy has now raised a total of $1.0B in total equity funding and is backed by Capricorn Investment Group, Dustin Moskovitz, Good Ventures, Lightspeed Venture Partners, Mithril Capital Management, Nucor Corporation, Sam Altman, and SoftBank Vision Fund.
ElevenLabs – $180.0M
AI
AUDIO
New York-based ElevenLabs develops AI audio models for speech and sound generation. Founded by Mati Staniszewski and Piotr Dabkowski in 2022, ElevenLabs has now raised a total of $281.0M in total equity funding and is backed by Andreessen Horowitz, BroadLight Capital, Endeavor Catalyst, ICONIQ Growth, Lunate, New Enterprise Associates, NFDG Ventures, Salesforce Ventures, Sequoia Capital, Smash Capital, SV Angel, Valor Equity Partners, and WiL.
VEIR – $75.0M
ENERGY
INFRASTRUCTURE
Boston-based VEIR is a company developing a new approach to using high-temperature superconductors for electricity transmission. Founded by Adam Wallen in 2019, VEIR has now raised a total of $111.7M in total equity funding and is backed by Breakthrough Energy Ventures, Congruent Ventures, Dara Holdings, Fine Structure Venture, Galvanize Climate Solutions, Microsoft Climate Innovation Fund, Munich Re Ventures, National Grid Partners, Piva Capital, SiteGround, The Engine, Tyche Partners, and VXI Capital.
Mercor – $75.0M
AI
HR TECH
San Francisco-based Mercor is an AI-based hiring platform designed to improves the recruitment process for both job seekers and companies. Founded by Adarsh Hiremath, Brendan Foody, and Surya Midha in 2023, Mercor has now raised a total of $108.6M in total equity funding and is backed by Felicis, General Catalyst, Jack Dorsey, and Peter Thiel.
Castelion – $70.0M
DEFENSE TECH
El Segundo-based Castelion is a defense tech company that applies modern hardware development and manufacturing processes to national security challenges. Founded by Andrew Kreitz, Bryon Hargis, and Sean Pitt in 2022, Castelion has now raised a total of $89.6M in total equity funding and is backed by Andreessen Horowitz, BlueYard Capital, Cantos, First In, Interlagos Capital, Lavrock Ventures, Lightspeed Venture Partners, and Silent Ventures.
Rad AI – $60.0M
AI
HEALTHCARE
San Francisco-based Rad AI develops software that uses AI to automate radiology report writing, aiming to enhance accuracy and reduce radiologist burnout. Founded by Doktor Gurson and Jeff Chang in 2018, Rad AI has now raised a total of $143.0M in total equity funding and is backed by Cone Health, Khosla Ventures, OCV, Transformation Capital, UP2398, and WiL.
Onebrief – $50.0M
ENTERPRISE
DEFENSE
Honolulu-based Onebrief is a web-based military planning software for rapid decision-making and collaboration. Founded by Grant Demaree and Rafa Pereira in 2019, Onebrief has now raised a total of $87.5M in total equity funding and is backed by 9Yards Capital, Caffeinated Capital, General Catalyst, Human Capital, and Insight Partners.
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Eclypsium – $45.0M
CYBERSECURITY
SUPPLY CHAIN
Portland-based Eclypsium offers a platform for supply chain security for IT infrastructure. Founded by Alex Bazhaniuk and Yuriy Bulygin in 2017, Eclypsium has now raised a total of $129.0M in total equity funding and is backed by Andreessen Horowitz, Madrona, Pavilion Capital, Qualcomm Ventures, Singtel Innov8, Sixty Degree Capital, and Ten Eleven Ventures.
Safely You – $43.0M
HEALTHCARE
AI
San Francisco-based SafelyYou provides fall detection and prevention technology for dementia care. Founded by George Netscher in 2015, Safely You has now raised a total of $102.5M in total equity funding and is backed by Cross Creek, Foundation Capital, Founders Fund, Omega Healthcare Investors, Qualcomm Ventures, Samsung NEXT, and Touring Capital.
Closinglock – $34.0M
REAL ESTATE
FRAUD PREVENTION
Austin-based Closinglock is a provider of fraud prevention technology to the real estate industry. Founded by Abigail White and Andy White in 2017, Closinglock has now raised a total of $50.0M in total equity funding and is backed by Headline, RWT Horizons, and Sageview Capital.
Hone Health – $33.0M
HEALTHCARE
TELEHEALTH
New York-based Hone Health provides an online clinic platform for men. Founded by Alba Mertira, Mohammed Saad Alam, Seth Franz, Stuart Blitz, and Zachary Kane in 2018, Hone Health has now raised a total of $38.0M in total equity funding and is backed by Agent Capital, Anthony Pompliano, Austin Rief, Christopher Petkas, Codie Sanchez, Fasha Mahjoor, FJ Labs, Gaingels, Hanwha, humbition, Looking Glass Capital, Matt Wan, Michael Rabil, Nikita Bier, Paul Rabil, Republic capital, Sam Parr, Saudi Arabia’s Public Investment Fund, Shaan Puri, Stephen Dukker, Tribe Capital, and Vibe VC.
Elucent Medical – $30.0M
HEALTHCARE
MEDICAL DEVICES
Eden Prairie-based Elucent Medical provides surgical navigation solutions to enhance patient care. Founded by Laura King in 2014, Elucent Medical has now raised a total of $92.1M in total equity funding and is backed by Trinity Capital.
Bluwhale – $25.0M
BLOCKCHAIN
AI
Santa Clara-based Bluwhale is a platform for decentralized knowledge data that enables Dapps to add intelligence via API calls. Founded by Han Jin in 2015, Bluwhale has now raised a total of $34.1M in total equity funding and is backed by AlphaCrypto Capital, Altcoin Daily, Arbitrum, Awaken Finance, Baboon.VC, Castrum Capital, Citizen Capital, Coin Bureau, Cointelegraph, Cryptonite Capital, DWF Labs, Elevate Ventures, EVO Venture Partners, Faro Capital, Hub71, KAHUNA, London Real Ventures, Master Ventures, Moon Capital, Movement Labs, NewTribe Capital, SwissBorg, The Commonwealth Fund, and Vitality Ventures.
Atomicwork – $25.0M
ENTERPRISE
IT
San Francisco-based Atomicwork provides modern service management and conversational ITSM software. Founded by Kiran Darisi, Parsuram Vijayasankar, and Vijay Rayapati in 2022, Atomicwork has now raised a total of $39.0M in total equity funding and is backed by Battery Ventures, Blume Ventures, Khosla Ventures, Neon Fund, Peak XV Partners, Storm Ventures, and Z47.
nue.io – $20.0M
FINTECH
REVENUE
San Jose-based Nue is an easy-to-manage quote-to-revenue platform. Founded by Cheng Zou, Kate McCullough, and Tina Kung in 2019, nue.io has now raised a total of $35.0M in total equity funding and is backed by Bluefish Ventures, Information Venture Partners, Inovia Capital, NextWorld Capital, NJP Ventures, and Operator Stack.
LA TechWatch is Los Angeles’s leading source of tech and startup news, reaching the city’s most active founders, investors, and tech leaders. Learn More →
WiseLayer – $7.2M
AI
FINTECH
New York-based WiseLayer makes AI-powered digital workers for finance and accounting teams. Founded by Josh Stein and Vik Bellapravalu in 2022, WiseLayer has now raised a total of $7.5M in total equity funding and is backed by Canaan Partners, K5 Global, The Fintech Fund, Unpopular Ventures, and Unusual Ventures.
Created by Humans – $5.5M
AI
CREATOR ECONOMY
San Francisco-based Created by Humans allows creators to sell license rights for AI training. Founded by Edward Igushev, Jen Singerman, and Trip Adler in 2024, Created by Humans has now raised a total of $11.0M in total equity funding and is backed by Cal Henderson, Cameron Yarbrough, Drew Houston, Emmett Shear, Giant Ventures, Kyle Vogt, and Uncommon Capital.
Analog – $5.0M
BLOCKCHAIN
WEB3
Newark-based Analog is a decentralized, PoT based layer-0 network that aims to provide a secure and scalable way to transmit validated event data. Founded by Sanchal Ranjan and Victor Young in 2022, Analog has now raised a total of $21.0M in total equity funding and is backed by BackerDAO, Black Label, Foresight Ventures, Gate Ventures, Molly Smith, Sam Kazemian, Thad Luckinbill, and Trent Luckinbill.
