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 2/22/25 featuring funding details for Saronic, Mercor, Sanas and nineteen other deals representing $2.5B in new funding that you need to know about.
Posterity Health – $13.0M
Parker-based Posterity Health is a male fertility care center that offers fertility assessments, hormone treatments, and vasectomy services. Founded by Barrett Cowan and Pamela Pure in 2021, Posterity Health has now raised a total of $36.2M in total equity funding and is backed by Distributed Ventures, FCA Venture Partners, Georgetown Equity Partners, Scrub Capital, SteelSky Ventures, and WVV Capital.
Abridge – $250.0M
Pittsburgh-based Abridge is an AI-driven platform that transforms patient-clinician conversations into structured clinical notes for healthcare industries. Founded by Florian Metze, Sandeep Konam, and Shivdev Rao in 2018, Abridge has now raised a total of $457.5M in total equity funding and is backed by Bessemer Venture Partners, California HealthCare Foundation, CapitalG, CVS Health Ventures, Elad Gil, IVP, K. Ventures, Lightspeed Venture Partners, NVentures, Redpoint, Spark Capital, and SV Angel.
Arize AI – $70.0M
Berkeley-based Arize AI offers an observability platform that explains and troubleshoots production AI. Founded by Aparna Dhinakaran and Jason Lopatecki in 2020, Arize AI has now raised a total of $131.0M in total equity funding and is backed by Adams Street Partners, Archerman Capital, Battery Ventures, Datadog, Foundation Capital, Industry Ventures, M12 – Microsoft’s Venture Fund, OMERS Ventures, PagerDuty, SineWave Ventures, Swift Ventures, and TCV.
Augury – $75.0M
New York-based Augury develops AI-driven solutions for monitoring machine health and process efficiency in industrial operations. Founded by Gal Shaul and Saar Yoskovitz in 2011, Augury has now raised a total of $369.0M in total equity funding and is backed by Eclipse Ventures, Insight Partners, Lightrock, Qualcomm Ventures, Qumra Capital, and SE Ventures.
Baseten – $75.0M
San Francisco-based Baseten is an AI infrastructure company that integrates machine learning into business operations, production, and processes. Founded by Amir Haghighat, Pankaj Gupta, Philip Howes, and Tuhin Srivastava in 2019, Baseten has now raised a total of $135.0M in total equity funding and is backed by 01 Advisors, Conviction Partners, Greylock, IVP, Lachy Groom, South Park Commons, and Spark Capital.
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Mavvrik – $6.2M
Austin-based Mavvrik is a unified platform to manage Cloud, On-Prem, AI, and SaaS costs Founded by Darmawan Suwirya, Mohammad Siddiqui, and Sundeep Goel in 2022, Mavvrik has now raised a total of $8.2M in total equity funding and is backed by Amplify.LA, Clutch VC, Flyover Capital, Knoll Ventures, S3 Ventures, and Tuesday Capital.
Everstar – $4.0M
New York-based Everstar develops an AI-powered system to assist with the operation and management of nuclear power plants. Founded by Kevin Kong in 2024, Everstar has now raised a total of $4.0M in total equity funding and is backed by Excel Services, Generational Partners, Page One Ventures, Pelican Energy Partners, Tarek Alaruri, Third Prime, and Virta Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – Everstar Secures $4M to Accelerate Nuclear Energy Innovation with its AI Compliance Platform
OpenEvidence – $75.0M
Cambridge-based OpenEvidence is an AI-powered medical information platform that provides accurate medical information to health care professionals. Founded by Daniel Nadler and Zachary Ziegler in 2021, OpenEvidence has now raised a total of $107.0M in total equity funding and is backed by Sequoia Capital.
Fetii – $7.4M
Austin-based Fetii allows groups and businesses to move together, on-demand Founded by Justin Rath Rath and Matthew Iommi in 2020, Fetii has now raised a total of $7.4M in total equity funding and is backed by Goodwater Capital, Mark Cuban, and Y Combinator.
SmartSuite – $13.0M
Newport Beach-based SmartSuite is a work management platform that integrates databases, spreadsheets, documents, collaboration tools, and automation. Founded by Jon Darbyshire, Peter Novosel, and Tara Darbyshire in 2019, SmartSuite has now raised a total of $38.0M in total equity funding and is backed by Canapi Ventures, High Alpha, and Sorenson Capital.
Hightouch – $80.0M
San Francisco-based Hightouch is a data platform that helps sync customers data from the data warehouse to CRM, marketing, and support tools. Founded by Josh Curl, Kashish Gupta, and Tejas Manohar in 2018, Hightouch has now raised a total of $172.2M in total equity funding and is backed by Amplify Partners, Bain Capital Ventures, ICONIQ Growth, NewView Capital, Sapphire Ventures, and Y Combinator.
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Lambda – $480.0M
San Francisco-based Lambda provides infrastructure, cloud services, and software for the training and inferencing of AI models. Founded by Michael Balaban and Stephen Balaban in 2012, Lambda has now raised a total of $902.7M in total equity funding and is backed by 1517 Fund, Andra Capital, Andrej Karpathy, ARK Investment Management, Crescent Cove Advisors, Fincadia Advisors, G Squared, IQT, KHK & Partners, NVIDIA, Pegatron, SGW, Supermicro, US Innovative Technology Fund, Wistron Corporation, and Wiwynn.
Lumotive – $45.0M
Redmond-based Lumotive provides optical semiconductor solutions for sensing in various applications. Founded by Bill Colleran and Gleb Akselrod in 2018, Lumotive has now raised a total of $58.0M in total equity funding and is backed by Eastbridge Group, EDOM Technology, Gates Frontier Fund, Grazia Equity, Himax Technologies, Hokuyo Capital, MetaVC Partners, Quan Funds, Swisscom Ventures, TSVC, and USAA.
Mercor – $100.0M
San Francisco-based Mercor is an AI-based hiring platform designed to improve 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 $133.6M in total equity funding and is backed by Adam D’Angelo, Benchmark, DST Global, Felicis, General Catalyst, Jack Dorsey, Larry Summers, Menlo Ventures, and Peter Thiel.
Saronic – $600.0M
Austin-based Saronic designs and manufactures unmanned surface vehicles for maritime security and domain awareness. Founded by Dino Mavrookas, Doug Lambert, Rob Lehman, and Vibhav Altekar in 2022, Saronic has now raised a total of $845.0M in total equity funding and is backed by 8VC, Andreessen Horowitz, Caffeinated Capital, Elad Gil, General Catalyst, Lightspeed Venture Partners, and Silent Ventures.
Together AI – $305.0M
San Francisco-based Together AI is a cloud-based platform designed for constructing open-source generative AI and infrastructure for developing AI models. Founded by Ce Zhang, Chris Re, Percy Liang, and Vipul Ved Prakash in 2022, Together AI has now raised a total of $533.5M in total equity funding and is backed by Brave Capital, Cadenza Ventures, Coatue, DAMAC Capital, Definition, Emergence Capital, General Catalyst, Greycroft, John J. Chambers, Kleiner Perkins, Long Journey Ventures, Lux Capital, March Capital, NVIDIA, Prosperity7 Ventures, Salesforce Ventures, Scott Banister, and SE Ventures.
Connect with NYC’s Most Influential Tech Leaders & Decision-Makers
The AlleyWatch network reaches the exact audience you need to connect with – NYC’s most innovative startups, tech companies, and business leaders who are reshaping industries globally. Our engaged audience includes:
- C-suite executives and key decision-makers
- Founders and entrepreneurs
- Venture capitalists and investors
- Technology and innovation leaders
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• Premium brand placement
• Targeted lead generation
• Thought leadership opportunities
• Custom content partnerships
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ElectronX – $10.0M
Chicago-based ElectronX is an electricity exchange for managing short-term price volatility, supporting increased investment in clean energy development. Founded by Evan Caron and Philip Krim in 2022, ElectronX has now raised a total of $25.0M in total equity funding and is backed by Equinor Ventures, Innovation Endeavors, Shell Ventures, and Systemiq capital.
Verkada – $200.0M
San Mateo-based Verkada is a cloud-based physical security platform that specializes in security cameras and security solutions for enterprises. Founded by Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, and James Ren in 2016, Verkada has now raised a total of $643.9M in total equity funding and is backed by Eclipse Ventures and General Catalyst.
Endovascular Engineering – $42.0M
Menlo Park-based Endovascular Engineering is a preclinical stage company developing novel mechanical thrombectomy solutions. Founded by Luis Savastano in 2019, Endovascular Engineering has now raised a total of $57.0M in total equity funding and is backed by 415 Capital, Cordis, M&L Healthcare Investments, Panakes Partners, S3 Ventures, and Sante Ventures.
Gomboc.AI – $8.0M
New York-based Gomboc.AI solves cloud infrastructure security issues by delivering tailored remediations for architecture. Founded by Ian Amit and Jonathan Desrocher in 2022, Gomboc.AI has now raised a total of $13.3M in total equity funding and is backed by Ballistic Ventures, Glilot Capital Partners, and Hetz Ventures.
SingleFile Technologies – $9.0M
Seattle-based SingleFile Technologies is a companies and law firms fill out reports, manage filings, maintain internal records and remain in good standing Founded by Matt Woodward and Sean Flynn in 2019, SingleFile Technologies has now raised a total of $24.1M in total equity funding and is backed by Cooley, DLA Piper, Fenwick & West, Foundry Group, Perkins Coie, PSL Ventures, The LegalTech Fund, and Wilson Sonsini Goodrich & Rosati.
Sanas – $65.0M
Palo Alto-based Sanas is a real-time speech-understanding platform that modulates accents while preserving voices and emotions for natural interactions. Founded by Maxim Serebryakov, Sharath Keshava Narayana, and Shawn Zhang in 2020, Sanas has now raised a total of $117.7M in total equity funding and is backed by Alorica, DN Capital, Insight Partners, Quadrille Capital, Quiet Capital, and Teleperformance.
