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 5/24/25 featuring funding details for Rad AI, StackHawk, LMArena, and twenty-two other deals representing $614M in new funding that you need to know about.
Awardco – $165.0M
Lindon-based Awardco is a human resources technology company that specializes in employee recognition and rewards solutions. Founded by Mike Sonnenberg, Steven J Sonnenberg, and Tanner Runia in 2012, Awardco has now raised a total of $235.0M in total equity funding and is backed by General Catalyst, Ryan Smith, Sixth Street, and Spectrum Equity.
BreachRx – $15.0M
Ashburn-based BreachRx is an intelligent incident response platform that generates tailored response plans and provides targeted guidance to stakeholders. Founded by Anderson Lunsford and Matt Hartley in 2020, BreachRx has now raised a total of $21.5M in total equity funding and is backed by Ballistic Ventures, Overline, Silver Buckshot Ventures, and SYN Ventures.
Bright Security – $1.0M
San Rafael-based Bright Security is an AI-powered application security platform that integrates application security into SDLC. Founded by Art Linkov, Bar Hofesh, Gadi Bashvitz, and Shoham Cohen in 2018, Bright Security has now raised a total of $26.3M in total equity funding and is backed by Toloka.vc.
Flo Recruit – $5.0M
Austin-based Flo Recruit connects the legal talent market with our suite of legal recruiting solutions for legal employers, law schools, and talent. Founded by Atreya Misra and Katherine Allen in 2016, Flo Recruit has now raised a total of $19.8M in total equity funding and is backed by LiveOak Ventures, Moneta Ventures, Teamworthy Ventures, The LegalTech Fund, and Y Combinator.
Graphiant – $19.0M
San Jose-based Graphiant offers Network-as-a-Service solutions for AI, Cloud, and SaaS connectivity. Founded by Khalid Raza and Stefan Olofsson in 2020, Graphiant has now raised a total of $115.0M in total equity funding and is backed by IAG Capital Partners, Sequoia Capital, tali ventures, and Two Bear Capital.
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Greenlite – $15.0M
San Francisco-based Greenlite streamlines fintech and banking compliance using AI to assess company activities from financial statements and platform data. Founded by Alex Jin and Will Lawrence in 2023, Greenlite has now raised a total of $20.3M in total equity funding and is backed by Canvas Prime, Greylock, Thomson Reuters Ventures, Timothy J. Mayopoulos, and Y Combinator.
WellTheory – $5.0M
Atherton-based WellTheory is a virtual care platform providing autoimmune and inflammatory conditions care services. Founded by Claire Rudolph, Ellen Rudolph, and Wallace Torres in 2021, WellTheory has now raised a total of $12.2M in total equity funding and is backed by Accel, BoxGroup, Opal Ventures, OVO, Samsung NEXT, and Up2 Opportunity Fund.
LIS Technologies – $11.9M
New City-based LIS Technologies develops laser isotope separation technology that utilizes infrared lasers to excite specific isotopes for separation. Founded by Christo Liebenberg and Jeff Eerkens in 2023, LIS Technologies has now raised a total of $47.4M in total equity funding and is backed by Innovating Capital.
Rad AI – $8.0M
San Francisco-based Rad AI develops software that uses AI to automate radiology report writing, aiming to enhance accuracy and reduce radiologist burnout. Founded by Doktor Gurson and Jeff Chang in 2018, Rad AI has now raised a total of $151.0M in total equity funding and is backed by Advocate Health, Atlantic Health System, Corewell Health Ventures, and Memorial Hermann Health System.
Rhizome – $6.5M
Washington-based Rhizome is helping electric utilities assess and prevent climate-induced power grid failures. Founded by Mishal Thadani and Rahul Dubey in 2023, Rhizome has now raised a total of $10.0M in total equity funding and is backed by Base10 Partners, CLAI Ventures, Convective Capital, El Cap, Everywhere Ventures, MCJ, Stepchange Ventures, and Streetlife Ventures.
SparkCharge – $15.5M
Somerville-based SparkCharge is a climate technology company that offers mobile charging stations for electric vehicles. Founded by Christopher Ellis, Joshua Aviv, and Richard Whitney in 2017, SparkCharge has now raised a total of $81.8M in total equity funding and is backed by Cleveland Avenue, Collab Capital, Elemental Impact, MarcyPen Capital Partners, Monte’s Fam, and non sibi ventures.
StackHawk – $12.0M
Denver-based StackHawk is an API and application security testing platform that enables detection and resolution of application vulnerabilities. Founded by Joni Klippert, Ryan Severns, and Scott Gerlach in 2019, StackHawk has now raised a total of $47.3M in total equity funding and is backed by Costanoa Ventures and Sapphire Ventures.
Sweep.io – $22.5M
New York-based Sweep.io creates CRM applications for scaling and customising SalesForce configurations. Founded by Eran Kirshenboim and Ido Gaver in 2021, Sweep.io has now raised a total of $50.5M in total equity funding and is backed by Bessemer Venture Partners and Insight Partners.
TrustCloud – $15.0M
Boston-based TrustCloud turns security into a profit center by automating first & third party risk and compliance assessments, with assurance. Founded by Sravish Sridhar in 2019, TrustCloud has now raised a total of $37.0M in total equity funding and is backed by Cisco Investments, OpenView, Presidio Ventures, ServiceNow Ventures, and Tola Capital.
Yoodli – $13.7M
Seattle-based Yoodli is an AI-enabled platform that helps individuals enhance their communication skills through private, real-time roleplay coaching. Founded by Esha Joshi and Varun Puri in 2021, Yoodli has now raised a total of $20.7M in total equity funding and is backed by AI2 Incubator, Ascend, Cercano Management, Madrona, and Neotribe Ventures.
Slash – $41.0M
San Francisco-based Slash is a financial technology company that offers deposits, payments, virtual cards, and expense tracking. Founded by Kevin Bai and Victor Cardenas in 2020, Slash has now raised a total of $60.0M in total equity funding and is backed by Goodwater Capital, Menlo Ventures, New Enterprise Associates, and Y Combinator.
DataHub – $35.0M
Palo Alto-based DataHub is an open-source metadata platform that unifies data discovery, observability, and governance for AI and data ecosystems. Founded by John Joyce, Shirshanka Das, and Swaroop Jagadish in 2021, DataHub has now raised a total of $65.0M in total equity funding and is backed by 8VC, Bessemer Venture Partners, IQT, MANTIS Venture Capital, SineWave Ventures, Tru Arrow Partners, and Zero Prime Ventures.
Final Boss Sour – $4.0M
Santa Monica-based Final Boss Sour is a gaming-themed snack brand offering a healthier alternative to traditional sour treats. Founded by James Hicks, London Lazerson, and Tommy Riggs in 2023, Final Boss Sour has now raised a total of $7.0M in total equity funding and is backed by AIR Ventures, dmg ventures, GFR Fund, Melitas Ventures, Simple Food Ventures, and Uncommon Denominator.
LMArena – $100.0M
San Francisco-based LMArena focused on building a neutral, open, community-driven platform. Founded by Anastasios Angelopoulos in 2025, LMArena has now raised a total of $100.0M in total equity funding and is backed by Andreessen Horowitz, Felicis, Kleiner Perkins, Laude Ventures, Lightspeed Venture Partners, The House Fund, and UC Investments.
RevenueCat – $50.0M
San Francisco-based RevenueCat is a subscription management platform for apps that monetize through in-app purchases. Founded by Jacob Eiting and Miguel Carranza in 2017, RevenueCat has now raised a total of $118.5M in total equity funding and is backed by Adjacent, Bain Capital Ventures, Index Ventures, SaaStr Fund, Volo Ventures, and Y Combinator.
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Rhino Federated Computing – $15.0M
Boston-based Rhino Federated Computing provides a platform for AI collaboration enterprises to accelerate data strategies and to expand AI use cases. Founded by Ittai Dayan and Yuval Baror in 2020, Rhino Federated Computing has now raised a total of $31.0M in total equity funding and is backed by AlleyCorp, Arkin Digital Health, Frank Sica, Fusion Fund, Gaingels, LionBird, Maccabi Fund, Qiming Venture Partners USA, TELUS Global Ventures, and Wilson’s Bird Capital.
Theo Ai – $4.2M
Palo Alto-based Theo Ai provides an AI-driven prediction platform designed to forecast the outcomes of legal disputes. Founded by Alex Alben, Patrick Ip, and Tiago Luchini in 2024, Theo Ai has now raised a total of $6.4M in total equity funding and is backed by Akash Garg, Art Calcagnini, Beat Ventures, Bo Berluti, Collide Capital, David Fox, Four Acres Capital, NextView Ventures, nvp capital, Ramesh Dhanaraj, Ripple Ventures, and Vivek Nasta.
AskElephant – $6.0M
Draper-based AskElephant automates workflows for go-to-market teams, streamlining tasks and providing personalized coaching and insights. Founded by Kaden Wilkinson and Woody Klemetson in 2023, AskElephant has now raised a total of $13.7M in total equity funding and is backed by Element Ventures, High Alpha, Jump Capital, Ollin Ventures, SaaS Ventures, and Tandem Ventures.
Clarity Security – $9.0M
Austin-based Clarity Security is an IGA platform that eliminates the need for employees to become SMEs in every facet of a company’s tech stack. Founded by Alexis Moyse and Greg Glass in 2020, Clarity Security has now raised a total of $13.3M in total equity funding and is backed by Silverton Partners and Venture Guides.
FanBasis – $20.0M
Miami-based FanBasis is a digital experience marketplace for celebrities, athletes, influencers, and artists to sell digital experiences of all kinds. Founded by Yash Daftary in 2020, FanBasis has now raised a total of $20.0M in total equity funding and is backed by Connexa Capital, Gerard Pique, Left Lane Capital, Ryan Serhant, and Upside VC.
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
Maximize your impact through our proven solutions:
• Premium brand placement
• Targeted lead generation
• Thought leadership opportunities
• Custom content partnerships
Ready to amplify your reach in NYC Tech?
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