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 8/5/23 featuring funding details for Tradeshift, Nile, GoTab, and fourteen other deals representing $727M in new funding that you need to know about.
Akkio – $15.0M
Boston-based Akkio is an AI company that delivers generative analytics and machine learning to businesses. Founded by Abraham Parangi, Craig Wisneski, Ekin Keserer, and Jonathon Reilly in 2019, Akkio has now raised a total of $18.0M in total equity funding and is backed by Bain Capital Ventures and Pandome.
Datasaur – $4.0M
Sunnyvale-based Datasaur develops productive tools that design for data labelling needs. Founded by Ivan Lee in 2019, Datasaur has now raised a total of $7.9M in total equity funding and is backed by Gold House Ventures, Hanover Technology Investment Management, Initialized Capital, and TenOneTen Ventures.
Endor Labs – $70.0M
Palo Alto-based Endor Labs offers a dependency lifecycle management tool that facilitates the security and maintenance of open-source software. Founded by Dimitri Stiliadis and Varun Badhwar in 2021, Endor Labs has now raised a total of $95.0M in total equity funding and is backed by Coatue, Dell Technologies Capital, Lightspeed Venture Partners, and Section 32.
Topline Pro – $12.0M
New York-based Topline Pro is a Generative AI platform enabling home services professionals to manage and scale their businesses online. Founded by Daniel Stepanov, Nick Ornitz, and Shannon Kay in 2020, Topline Pro has now raised a total of $17.0M in total equity funding and is backed by BBG Ventures, Bonfire Ventures, Forerunner Ventures, and TMV.
The AlleyWatch 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 NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
GlassPoint Solar – $8.0M
Fremont-based GlassPoint provides solar steam generators to the oil and gas industry for applications such as Enhanced Oil Recovery. Founded by Pete Von Behrens and Rod MacGregor in 2008, GlassPoint Solar has now raised a total of $95.8M in total equity funding and is backed by 300ppm, Malcolm Turnbull, and Tomas Mar Sigurdsson.
GoTab – $18.0M
Arlington-based GoTab provides comprehensive solutions for retail and restaurant commerce. Founded by Daryoush Mansouri, Paige Soya, and Tim McLaughlin in 2016, GoTab has now raised a total of $24.0M in total equity funding and is backed by Truist Ventures.
Inworld AI – $50.0M
Mountain View-based Inworld AI is a character engine for creating AI NPCs in games and interactive experiences. Founded by Ilya Gelfenbeyn, Kylan Gibbs, and Michael Ermolenko in 2021, Inworld AI has now raised a total of $119.7M in total equity funding and is backed by First Spark Ventures, LG Technology Ventures, Lightspeed Venture Partners, M12 – Microsoft’s Venture Fund, Samsung NEXT, and Stanford University.
Lula – $35.5M
Miami-based Lula provides a variety of tools, including risk management, claims management, policy administration, and insurance coverage access. Founded by Matthew Vega Sanz and Michael Vega Sanz in 2020, Lula has now raised a total of $53.5M in total equity funding and is backed by Founders Fund, Khosla Ventures, NextView Ventures, Plug and Play, Stephen Pagliuca, and Steve McLaughlin.
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GroGuru – $2.3M
La Jolla-based Groguru is a technology company that specializes in smart irrigation solutions for agriculture. Founded by Farooq Anjum, Jeff Campbell, and Patrick Henry in 2014, GroGuru has now raised a total of $6.3M in total equity funding and is backed by Comeback Capital, Cove Fund, Impact Venture Capital, Integral Capital Partners, NutriDrips, Right Side Capital Management, Thunderhead Crop, and VIGR Crop.
Newlight Technologies – $125.0M
Huntington Beach-based Newlight Technologies uses decarbonization technology dedicated to converting greenhouse gas into biomaterials. Founded by Kenton Kimmel and Mark Herrema in 2003, Newlight Technologies has now raised a total of $231.6M in total equity funding and is backed by Charter Next Generation, GenZero, and Oxy Low Carbon Ventures.
Nile – $175.0M
San Jose-based Nile provides secure connectivity and network independence through wired and wireless networking-as-a-service. Founded by John Chambers, Pankaj Patel, Sri Hosakote, and Suresh Katukam in 2018, Nile has now raised a total of $300.0M in total equity funding and is backed by 8VC, Aramco Ventures, Geodesic Capital, Liberty Global Ventures, March Capital, Prosperity7 Ventures, Sanabil, STC Ventures, U First Capital, and Valor Equity Partners.
Remedial Health – $8.0M
Newark-based Remedial Health is digitizing the pharmaceutical supply chain in Africa. Founded by Samuel Kessington Okwuada and Victor Benjamin in 2020, Remedial Health has now raised a total of $13.4M in total equity funding and is backed by Gaingels, QED Investors, Tencent, Ventures Platform, and Y Combinator.
The AlleyWatch 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 NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.
Tradeshift – $70.0M
San Francisco-based Tradeshift is a cloud-based business network connecting buyers and suppliers. Founded by Christian Lanng, Gert Sylvest, and Mikkel Brun in 2009, Tradeshift has now raised a total of $931.0M in total equity funding and is backed by AYTK, Doha Venture Capital, Fuel Venture Capital, HSBC, IDC Ventures, LUN Partners Group, Notion Capital, and The Private Shares Fund.
VenoStent – $16.0M
Houston-based VenoStent is a tissue engineering medical device company developing bioabsorbable polymer wraps for better outcomes in vascular surgery. Founded by Geoffrey Lucks and Tim Boire in 2017, VenoStent has now raised a total of $20.2M in total equity funding and is backed by Alumni Ventures, Baylor Angel Network, Cowtown Angels, Creative Ventures, Good Growth Capital, IAG Capital Partners, SNR.vc, and TMC Venture Fund.
Equilibrium Energy – $33.0M
San Francisco-based Equilibrium Energy is a Climate Generation power company focused on the creation and proliferation of clean energy. Founded by Ryan Hanley in 2021, Equilibrium Energy has now raised a total of $33.0M in total equity funding and is backed by Breakthrough Energy Ventures, Global Founders Capital, and NJP Ventures.
Lightforce Orthodontics – $80.0M
Burlington-based Lightforce Orthodontics is a fully customized 3D-printed bracket system developer based on the anatomy and tooth morphology of each patient. Founded by Alfred Charles Griffin and Lou Shuman in 2015, Lightforce Orthodontics has now raised a total of $150.5M in total equity funding and is backed by Ally Bridge Group, American Association of Orthodontists, CareCapital, Kleiner Perkins, Matrix Partners, Matter Venture Partners, Omega Venture Partners, Transformation Capital, and Tyche Partners.
Steg AI – $5.0M
Irvine-based StegAI builds watermark SaaS tools for enterprise customers to secure their digital assets against leaks and misuse. Founded by Eric Wengrowski and Kristin Dana in 2019, Steg AI has now raised a total of $5.0M in total equity funding and is backed by Paladin Capital Group.
