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 4/27/24 featuring funding details for ThreatLocker, Midi Health, and ten other deals representing $4999M in new funding that you need to know about.
Perplexity AI – $63.0M
San Francisco-based Perplexity AI is an AI-chat-based conversational search engine that delivers answers to questions using language models. Founded by Andy Konwinski, Aravind Srinivas, Denis Yarats, and Johnny Ho in 2022, Perplexity AI has now raised a total of $165.3M in total equity funding and is backed by Daniel Gross, Dylan Field, Elad Gil, Garry Tan, Jeff Bezos, Nat Friedman, NVIDIA, and Stanley Druckenmiller.
Dripos – $11.0M
New York-based Dripos is the only piece of software a coffee shop needs to operate. Founded by Avery Durrant and Jack Pawlik in 2019, Dripos has now raised a total of $17.4M in total equity funding and is backed by Base10 Partners, Cota Capital, Ian Crosby, Michael Seibel, PJC, and Shyam Rao.
Turnkey – $15.0M
New York-based Turnkey is a private key infrastructure provider that offers secure APIs to manage private keys. Founded by Bryce Ferguson and Jack Kearney in 2022, Turnkey has now raised a total of $37.0M in total equity funding and is backed by Alchemy, Coinbase Ventures, Figment Capital, Galaxy Interactive, Lightspeed Faction, Mirana, and Sequoia Capital.
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Movement Labs – $38.0M
San Francisco-based Movement Labs is a modular framework platform that builds and deploys move-based blockchains and applications in distributed settings. Founded by Cooper Scanlon and Rushi Manche in 2023, Movement Labs has now raised a total of $41.4M in total equity funding and is backed by Aptos, Archetype, Figment Capital, Hack VC, Maven 11 Capital, Placeholder, and Polychain.
Nooks – $22.0M
San Francisco-based Nooks is the fastest-growing AI dialing and prospecting platform, trusted by thousands of SDRs & AEs to cut out the busywork Founded by Daniel Lee, Nikhil Cheerla, and Rohan Suri in 2020, Nooks has now raised a total of $27.0M in total equity funding and is backed by Lachy Groom, Stifel Venture Banking and Lending Group, and Tola Capital.
ThreatLocker – $115.0M
Orlando-based ThreatLocker is a cybersecurity company that specializes in endpoint security and application whitelisting solutions. Founded by Danny Jenkins, John Carolan, and Sami Jenkins in 2017, ThreatLocker has now raised a total of $239.4M in total equity funding and is backed by D. E. Shaw & Co., General Atlantic, and StepStone Group.
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Sublime Security – $20.0M
Washington-based Sublime Security is an open, adaptable email security system. Founded by Ian Thiel and Joshua Kamdjou in 2019, Sublime Security has now raised a total of $29.8M in total equity funding and is backed by Decibel Partners, Dmitri Alperovitch, Index Ventures, and Slow Ventures.
Chemix – $20.0M
Sunnyvale-based Chemix is using its AI-based MIX platform to develop breakthrough EV batteries. Founded by Jason Koeller and Kaixiang Lin in 2021, Chemix has now raised a total of $30.0M in total equity funding and is backed by Berkeley SkyDeck Fund, BNP Paribas Solar Impulse Venture fund, Ibex Investors, KDDI Open Innovation Fund, Mayfield Fund, Porsche Ventures, and Urban Innovation Fund.
Midi Health – $60.0M
Menlo Park-based Midi Health is a virtual care clinic for women that treats depression, gynecological cancer, and period problems. Founded by Joanna Strober and Sharon Meers in 2021, Midi Health has now raised a total of $99.0M in total equity funding and is backed by 1843 Capital, Able Partners, Anne Wojcicki, Avestria Ventures, Black Angel Group, Emerson Collective, f7 Ventures, Felicis, G9 Ventures, GingerBread Capital, Google Ventures, Icon Ventures, K50 Ventures, Memorial Hermann Foundation, Muse Capital, Operator Collective, SemperVirens Venture Capital, SteelSky Ventures, and Susan Wojcicki.
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.
HighByte – $12.0M
Portland-based HighByte focuses in developing DataOps software that tackles data architecture and integration issues encountered by industrial companies. Founded by John Harrington, Tony Paine, and Torey Penrod-Cambra in 2018, HighByte has now raised a total of $15.5M in total equity funding and is backed by Exposition Ventures, Maine Venture Fund, and Standard Investments.
Campus – $23.0M
Sacramento-based Campus.edu offers online associate degrees and skills-focused programs with live classes from professors nationwide. Founded by Tade Oyerinde in 2016, Campus has now raised a total of $55.6M in total equity funding and is backed by 8VC and Founders Fund.
Lumeris – $100.0M
Saint Louis-based Lumeris is an accountable care delivery innovation company that offers operational support, technology, and consulting services.. Founded by W. Michael Long in 2000, Lumeris has now raised a total of $275.3M in total equity funding and is backed by Blue Cross Blue Shield Association, Deerfield Management, Endeavor Health, Kleiner Perkins, and Sandbox Industries.
