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 8/3/24 featuring funding details for Rhombus Systems, Paces, Haus, and twenty other deals representing $1B in new funding that you need to know about.
Altana – $322.0M
New York-based Altana empowers governments, logistics providers, and enterprises with an intelligent, dynamic map of the global supply chain. Founded by Evan Smith, Peter Swartz, and Raphael Tehranian in 2018, Altana has now raised a total of $322.0M in total equity funding and is backed by Activate Capital Partners, Floating Point, Friends & Family Capital, Generation Investment Management, Google Ventures, March Capital, OMERS Ventures, Salesforce Ventures, and US Innovative Technology Fund.
Athena Security – $15.6M
Austin-based Athena’s mission is to help save lives. Athena created a patented Weapons Detection Software inspired by Homeland Security Best Practices. Founded by Christopher Ciabarra and Lisa Falzone in 2018, Athena Security has now raised a total of $15.6M in total equity funding and is backed by Christopher Ciabarra and Lisa Falzone.
Bilt Rewards – $710.8M
New York-based Bilt Rewards offers a rewards program that allows renters to earn points on rent and create a path towards homeownership. Founded by Ankur Jain in 2021, Bilt Rewards has now raised a total of $710.8M in total equity funding and is backed by Teachers’s Venture Growth, University of Illinois Foundation, and Vanderbilt University.
Cosm – $250.0M
Los Angeles-based Cosm is a media and entertainment company that builds end-to-end experience solutions for the technology and entertainment sectors. Founded by Jeb Terry in 2020, Cosm has now raised a total of $250.0M in total equity funding and is backed by Avenue Capital Group, Baillie Gifford, Bolt Ventures, Mirasol Capital, and Rock Ventures.
ZOE – $103.7M
Boston-based ZOE is a personalized nutrition company on a mission to improve the health of millions. Founded by George Hadjigeorgiou and Jonathan Wolf in 2017, ZOE has now raised a total of $103.7M in total equity funding and is backed by Accomplice, Ahren Innovation Capital, Balderton Capital, Coefficient Capital, Daphni, Flight Fund, and Transformational Healthcare.
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.
Paces – $13.8M
Brooklyn-based Paces is a data insight platform for green infrastructure developers, operators, and investors to build more projects. Founded by Charles Bai and James McWalter in 2022, Paces has now raised a total of $13.8M in total equity funding and is backed by MCJ Collective, Navitas Capital, Resolute Ventures, Soma Capital, Suffolk Technologies, and Y Combinator.
Perchwell – $40.0M
New York-based Perchwell is the premier technology platform for residential real estate Founded by Brendan Fairbanks in 2015, Perchwell has now raised a total of $40.0M in total equity funding and is backed by California Regional MLS, Flex Capital, Lux Capital, REColorado, Starwood Capital Group, and Stellar MLS.
Protect AI – $108.5M
Seattle-based Protect AI offers a cybersecurity platform that specializes in protecting machine learning models and artificial intelligence systems. Founded by Badar Ahmed, Daryan (D) Dehghanpisheh, and Ian Swanson in 2022, Protect AI has now raised a total of $108.5M in total equity funding and is backed by 01 Advisors, Acrew Capital, boldstart ventures, Evolution Equity Partners, Knollwood Capital, Pelion Venture Partners, Salesforce Ventures, Samsung Electronics, and StepStone Group.
Rhombus Systems – $95.5M
Sacramento-based Rhombus offers a cloud-based security camera system with analytics and smart search for businesses. Founded by Garrett Larsson and Omar Khan in 2016, Rhombus Systems has now raised a total of $95.5M in total equity funding and is backed by Bluestone Equity Partners, Caden Capital Partners, Cota Capital, NightDragon, Tru Arrow Partners, and Uncorrelated Ventures.
Rillet – $13.5M
Palo Alto-based Rillet develops accounting software to support financial management for high-growth companies. Founded by Nicolas Kopp and Stelios Modes in 2021, Rillet has now raised a total of $13.5M in total equity funding and is backed by BoxGroup, Catalyze Advisors, Creandum, Cristina Cordova, Edwine Alphonse, First Round Capital, Go Global Ventures, Gordon Wintrob, Kevin Hartz, Michael Yip, Puzzle Ventures, Scott Belsky, Susa Ventures, Thejo Kote, and Zack Kanter.
SafeGuard Privacy – $13.1M
New York-based SafeGuard Privacy develops a bundled solution to revolutionize corporate privacy compliance management errors. Founded by Richy Glassberg and Wayne Matus in 2018, SafeGuard Privacy has now raised a total of $13.1M in total equity funding and is backed by Dynamism Capital, Sidekick Partners, and TechOperators.
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Spring Health – $466.5M
New York-based Spring Health provides mental health solution for employers and health plans. Founded by Abhishek Chandra, Adam Chekroud, and April Koh in 2016, Spring Health has now raised a total of $466.5M in total equity funding and is backed by Generation Investment Management, Kinnevik, Northzone, RRE Ventures, and The William K. Warren Foundation.
Streamkap – $3.9M
San Francisco-based Streamkap is a streaming ETL engine that simplifies data streaming to any destination. Founded by Paul Dudley and Ricky Thomas in 2022, Streamkap has now raised a total of $3.9M in total equity funding and is backed by Begin Capital, Haatch, InReach Ventures, and TEN13.
unspun – $56.0M
San Francisco-based Unspun is a fashion-tech company creating 3D weaving technology for apparel. Founded by Elizabeth Esponnette, Kevin Martin, and Walden Lam in 2017, unspun has now raised a total of $56.0M in total equity funding and is backed by DCVC, Decathlon, E12 Ventures, Lowercarbon Capital, and SOSV.
When Insurance – $7.1M
Highwood-based When is a technology platform providing healthcare severance solutions for employees and employers. Founded by Andrew Hamilton, Dan Wertheimer, and Kevin Koperski in 2020, When Insurance has now raised a total of $7.1M in total equity funding and is backed by Alumni Ventures, B Capital, Enfield Capital Partners, Joyance Partners, Network Ventures, and TTV Capital.
AeroShield – $12.4M
Cambridge-based AeroShield is a B2B startup that develops super-insulating transparent materials. Founded by Aaron Baskerville-Bridges, Elise Strobach, and Kyle Wilke in 2019, AeroShield has now raised a total of $12.4M in total equity funding and is backed by Massachusetts Clean Energy Center, MassMutual Ventures, and MassVentures.
Lineaje – $27.0M
Saratoga-based Lineaje solves critical Software Supply Chain security problems faced by every organization that builds, uses or sells software. Founded by Anand Revashetti and Javed Hasan in 2021, Lineaje has now raised a total of $27.0M in total equity funding and is backed by Alumni Ventures, Carahsoft Technology, Hitachi Ventures, J Ventures, MassChallenge, Neotribe Ventures, Prosperity7 Ventures, Secure Octane, Tenable Ventures, and Wipro Ventures.
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.
Leaf Agriculture – $18.3M
Los Angeles-based Leaf’s universal farm data API helps developers build a better food system. Founded by G. Bailey Stockdale and Luiz Henrique Zambom Santana in 2018, Leaf Agriculture has now raised a total of $18.3M in total equity funding and is backed by Spero Ventures.
Sybill AI – $14.6M
Mountain View-based Sybill analyzes verbal and non-verbal cues to generate meeting summaries, crafting deal notes and CRM updates using AI models. Founded by Gorish Aggarwal, Mehak Aggarwal, Nishit Asnani, and Soumyarka Mondal in 2020, Sybill AI has now raised a total of $14.6M in total equity funding and is backed by Greycroft, Neotribe Ventures, Powerhouse Ventures, and Uncorrelated Ventures.
DecoverAI – $2.0M
Washington-based DecoverAI is a generative AI company that delivers AI-driven solutions to enhance the efficiency and effectiveness of legal professionals. Founded by Janar Ramalingam, Kevin J. Van Horn, and Ravi Tandon in 2024, DecoverAI has now raised a total of $2.0M in total equity funding and is backed by Leo Capital.
Ema – $61.0M
Mountain View-based Ema provides AI solutions that enhance productivity across various enterprise roles. Founded by Souvik Sen and Surojit Chatterjee in 2023, Ema has now raised a total of $61.0M in total equity funding and is backed by Accel, Colle Capital Partners, Frontier Ventures, Hitachi Ventures, Microsoft for Startups, Prosus & Naspers, S32, SCB 10X, Sozo Ventures, and Wipro Ventures.
Haus – $60.3M
Mountain View-based Haus is a marketing science platform that helps brands understand the true business impact of their marketing spend. Founded by Zach Epstein in 2021, Haus has now raised a total of $60.3M in total equity funding and is backed by 01 Advisors, Baseline Ventures, Gokul Rajaram, Haystack, Insight Partners, MANTIS Venture Capital, Octave Ventures LLC, and Rahul Mehta.
Wincast – $7.8M
New York-based Wincast provides SaaS and AdTech solutions for interactive sports media experiences. Founded by Noah Diskin Kline in 2021, Wincast has now raised a total of $7.8M in total equity funding and is backed by A100x Ventures, Blizzard Fund, CoinFund, Cypher Capital, Draper Dragon, Hash CIB, and Zero Knowledge.
