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 3/8/25 featuring funding details for Freed, Nitricity, Avalo, and twenty-three other deals representing $4.9B in new funding that you need to know about.
AidKit – $8.5M
Denver-based AidKit helps government agencies and large nonprofits administer aid programs efficiently and transparently. Founded by Andrew Marshall, Ben Newhouse, and Mark A. Newhouse in 2021, AidKit has now raised a total of $8.5M in total equity funding and is backed by Blueprint Equity.
Anthropic – $3.5B
San Francisco-based Anthropic is an AI research company that focuses on the safety and alignment of AI systems with human values. Founded by Daniela Amodei, Dario Amodei, Jack Clark, Sam McCandlish, and Tom Brown in 2021, Anthropic has now raised a total of $13.8B in total equity funding and is backed by Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity, General Catalyst, Jane Street Capital, Lightspeed Venture Partners, Menlo Ventures, and Salesforce Ventures.
Ataraxis – $20.4M
New York-based Ataraxis is an AI-based diagnostic platform that helps develop personalized treatment plans. Founded by Jan Witowski and Krzysztof Geras in 2022, Ataraxis has now raised a total of $24.4M in total equity funding and is backed by AIX Ventures, Bertelsmann Investments, Floating Point, Founders Fund, Giant Ventures, Mario Schlosser, Obvious Ventures, Ryan Fukushima, and Thiel Bio.
Atmosic – $40.0M
Campbell-based Atmosic is an innovative fabless semiconductor company specializing in ultra-low power wireless solutions. Founded by David Nakahira, David Su, and Masoud Zargari in 2016, Atmosic has now raised a total of $140.5M in total equity funding and is backed by Clear Ventures, Quantum Innovation Fund, and Sutter Hill Ventures.
Avalo – $11.0M
Durham-based Avalo is a plant biotech company using AI and evolution to make a more sustainable and resilient food system. Founded by Brendan Collins and Mariano Alvarez in 2020, Avalo has now raised a total of $13.9M in total equity funding and is backed by Alexandria Venture Investments, At One Ventures, Better Ventures, Climate Capital, Coca-Cola Europacific Partners, Germin8 Ventures, SOSV, Trailhead Capital, and Trust Ventures.
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Ceramic – $12.0M
San Francisco-based Ceramic operates as an Artificial Intelligence company. Founded by Anna Patterson in 2024, Ceramic has now raised a total of $24.0M in total equity funding and is backed by Alumni Ventures, Earthshot Ventures, IBM, New Enterprise Associates, and Samsung NEXT.
CoreWeave – $10.0M
Roseland-based CoreWeave is a cloud-based AI infrastructure company offering GPU cloud services to simplify AI and machine learning workloads. Founded by Brannin McBee, Brian Venturo, and Michael Intrator in 2017, CoreWeave has now raised a total of $1.5B in total equity funding and is backed by Stack Capital.
CoverForce – $13.0M
New York-based CoverForce is a commercial insurance tech company offering a platform to quote, pay, and bind policies, connecting users. Founded by Behram M. Dinshaw, Cyrus Karai, and Kaivan Wadia in 2020, CoverForce has now raised a total of $18.0M in total equity funding and is backed by Insight Partners, Nyca Partners, and QED Investors. AlleyWatch broke the news in an exclusive covering the round and much more – Commercial Insurance Platform CoverForce Lands $13M to Modernize $960B Industry
Epirus – $250.0M
Hawthorne-based Epirus builds directed energy and power management systems to solve some of the world’s most complex problems. Founded by Bo Marr, Grant L. Verstandig, Joe Lonsdale, John Tenet, Max Mednik, and Nathan Mintz in 2018, Epirus has now raised a total of $537.4M in total equity funding and is backed by 8VC, Centaurus Capital LP, Gaingels, General Dynamics Land Systems, Manhattan Venture Partners (MVP), NightDragon, StepStone Group, T. Rowe Price, and Washington Harbour Partners.
Freed – $30.0M
San Francisco-based Freed is an AI clinician assistant designed to assist clinicians in reducing the time spent on documentation. Founded by Andrey Bannikov and Erez Druk in 2022, Freed has now raised a total of $30.0M in total equity funding and is backed by Daniel Gross, Gokul Rajaram, Scale Venture Partners, Sequoia Capital, and Ted Zagat.
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.
Gem Health – $7.0M
Minneapolis-based Gem Health provides diagnosis treatment to ongoing support to the provider. Founded by Brian Sauer in 2022, Gem Health has now raised a total of $22.0M in total equity funding and is backed by Base10 Partners, HealthTrend Capital, LFE Capital, and Mairs & Power Venture Capital.
GRAID Technology – $30.0M
Santa Clara-based GRAID Technology is used for a modern software composable environment through its software and hardware solutions. Founded by Leander Yu in 2020, GRAID Technology has now raised a total of $48.0M in total equity funding and is backed by Delta Electronics Capital, Foxconn Co-GP Fund, Harbinger Ventures, and Yuanta Financial Holdings Group.
HeyMilo – $2.2M
New York-based HeyMilo is an AI-powered candidate screening platform that enables organizations to screen, interview, and evaluate candidates. Founded by Ramie Raufdeen and Sabashan Ragavan in 2023, HeyMilo has now raised a total of $4.4M in total equity funding and is backed by (ERA) Entrepreneurs Roundtable Accelerator, Alumni Ventures, and Canaan Partners.
LlamaIndex – $19.0M
San Francisco-based LlamaIndex enables enterprises to build AI Knowledge Assistants, improving data management, utilization, and enterprise intelligence. Founded by Jerry Liu and Simon Suo in 2022, LlamaIndex has now raised a total of $28.5M in total equity funding and is backed by Greylock and Norwest Venture Partners.
Lumata Health – $23.0M
Edmond-based Lumata Health develops virtual certified ophthalmic assistants and data-driven tech to support eyecare practices. Founded by Landon Grace, Matt Wills, and Stephen Fransen in 2017, Lumata Health has now raised a total of $32.5M in total equity funding and is backed by Cencora Ventures, Cortado Ventures, LRVHealth, and McKesson 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.
Nitricity – $10.0M
Stanford-based Nitricity is an energy company that creates renewable nitrogen fertilizer production with zero carbon emissions. Founded by Jay Schwalbe, Joshua McEnaney, and Nicolas Pinkowski in 2018, Nitricity has now raised a total of $36.7M in total equity funding and is backed by Elemental Impact and PRIME Coalition.
Odeko – $96.0M
New York-based Odeko provides software for coffee shops, streamlining inventory, ordering, and delivery to enhance efficiency and reduce operational costs. Founded by Dane Atkinson in 2019, Odeko has now raised a total of $473.0M in total equity funding and is backed by B Capital. AlleyWatch broke the news in an exclusive covering the round and much more – Odeko Raises $96M to Help Independent Food Businesses, Cafes, and Coffee Shops Compete With Global Chains With Technology
Outmarket AI – $4.7M
San Francisco-based Outmarket AI offers an AI-driven platform to transform commercial insurance operations by enhancing efficiency and productivity. Founded by Anshu Jain and Vishal Sankhla in 2023, Outmarket AI has now raised a total of $4.7M in total equity funding and is backed by Dash Fund, Fika Ventures, and TTV Capital.
Peregrine Technologies – $190.0M
San Francisco-based Peregrine provides a data integration platform that allows state and local government agencies to protect and serve their communities. Founded by Ben Rudolph and Nick Noone in 2018, Peregrine Technologies has now raised a total of $250.1M in total equity funding and is backed by Fifth Down Capital, Friends & Family Capital, Godfrey Capital, Goldcrest Capital, O.G. Venture Partners, and Sequoia Capital.
Pet Screening – $80.0M
Cornelius-based Pet Screening provides compliance and policy management software that helps housing providers manage residents’ pets and assistance animals. Founded by Ben Gilman and John Bradford in 2017, Pet Screening has now raised a total of $84.5M in total equity funding and is backed by Guidepost Growth Equity and Volition 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.
Shield AI – $240.0M
San Diego-based Shield AI is a deep-tech company that focuses on developing AI-powered systems to enhance the safety of service members and civilians. Founded by Andrew Reiter, Brandon Tseng, and Ryan Tseng in 2015, Shield AI has now raised a total of $1.0B in total equity funding and is backed by Andreessen Horowitz, Hanwha Aerospace, L3Harris Technologies, US Innovative Technology Fund, and Washington Harbour Partners.
SpecterOps – $75.0M
Alexandria-based SpecterOps is a cybersecurity company that provides services and training solutions to help enterprises defend against attacks. Founded by Raphael Mudge in 2017, SpecterOps has now raised a total of $108.5M in total equity funding and is backed by Ansa Capital, Ballistic Ventures, Cisco Investments, Decibel Partners, Insight Partners, and M12 – Microsoft’s Venture Fund.
Tandem PV – $50.0M
Stanford-based Tandem PV provides a unique opportunity for solar to reach new heights. Founded by Colin Bailie in 2016, Tandem PV has now raised a total of $73.5M in total equity funding and is backed by Constellation Energy, CSC Leasing, Eclipse Ventures, Planetary Technologies, PRIME Coalition, Stifel Bank, Tom Werner, and Uncorrelated Ventures.
Turing – $111.0M
Palo Alto-based Turing is an infrastructure company combining AI and human data to help companies build AI, train LLMs, and develop GenAI applications. Founded by Jonathan Siddharth and Vijay Krishnan in 2018, Turing has now raised a total of $247.0M in total equity funding and is backed by AltaIR Capital, Amino Capital, Fortius Ventures, Gaingels, Khazanah Nasional, Mastodon Capital Management, MVP Ventures, Plug & Play, Sozo Ventures, UpHonest Capital, and WestBridge Capital.
Vermillio – $16.0M
Chicago-based Vermillio is an AI platform that allows content creators to style, own, and track their digital creations. Founded by Dan Neely, Maria Richer, and Ryan McHale in 2021, Vermillio has now raised a total of $16.0M in total equity funding and is backed by DNS Capital and Sony Music Entertainment.
Zeitview – $60.0M
Los Angeles-based Zeitview is an aerial data analytics platform that provides aerial drone services for energy and infrastructure sectors. Founded by Daniel Burton and Eli Tamanaha in 2014, Zeitview has now raised a total of $174.0M in total equity funding and is backed by Climate Investment, Energy Transition Ventures, Euclidean Capital, Hearst Ventures, Union Square Ventures, Upfront Ventures, Valor Equity Partners, and Y Combinator.
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.
