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Home RFC-AW Breaking

The Weekly Notable Startup Funding Report: 11/16/26

AlleyWatch by AlleyWatch
The Weekly Notable Startup Funding Report: 11/16/26
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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 11/14/26 featuring funding details for Rox, Tristar, Luminal, and twenty-four other deals representing $4B in new funding that you need to know about.

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Graphon – $35.0M

San Francisco-based Graphon is a company that creates relational representation layers and pre-model intelligence for enterprise AI. Founded by Arbaaz Khan, Clark Zhang, and Deepak Mishra in 2025, Graphon has now raised a total of $43.3M in total equity funding and is backed by Energy Impact Partners, Gaia Ventures, Hitachi Ventures, HP, and RRE Ventures.


Imprint – $130.0M

New York-based Imprint is a financial technology company that provides a platform for brands to launch co-branded credit cards and financial products. Founded by Daragh Murphy, Gaurav Ahuja, and Michael Pechman in 2020, Imprint has now raised a total of $482M in total equity funding and is backed by Hedosophia, Khosla Ventures, Positive Sum, Ribbit Capital, Spice Expeditions, and Thrive Capital.


Hatz AI – $24.0M

New York-based Hatz AI provides an AI platform for building and managing business applications and automated workflows. Founded by Aidan Kehoe and Jimmy Hatzell in 2023, Hatz AI has now raised a total of $29.3M in total equity funding and is backed by Nadia Partners, The Private Shares Fund, and Vestigo Ventures.


Mirendil – $1.0B

San Francisco-based Mirendil is an AI research lab that creates self-accelerating systems that convert computing power into scientific advancements. Founded by Behnam Neyshabur, Harsh Mehta, Shayan Salehian, and Tara Rezaei in 2026, Mirendil has now raised a total of $1.2B in total equity funding and is backed by Battery Ventures, Clearlake Capital Group, Doerr Capital, Gil Capital, Google, Kleiner Perkins, M13, Pear VC, and S32.


Garage

Garage – $41.0M

New York-based Garage operates an online marketplace that connects buyers and sellers of specialized vehicles, machinery, tools, and industrial equipment. Founded by Alaz Sengul and Martin Hunt in 2023, Garage has now raised a total of $63.8M in total equity funding and is backed by Benchstrength, FJ Labs, Infinity Ventures, Initialized Capital, Invus Opportunities, and Y Combinator.
AlleyWatch’s exclusive coverage of this round: Garage Raises $41M for its AI-Powered Marketplace for Fire Trucks and Municipal Equipment

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PuppyGraph – $10.0M

Santa Clara-based PuppyGraph provides a graph analytics platform that enables native graph queries across relational data without database duplication. Founded by Danfeng Xu, Kunjie Chen, Lei Huang, Weimo Liu, and Zhenni Wu in 2023, PuppyGraph has now raised a total of $15M in total equity funding and is backed by Defy.vc and Particle Future.


Databento – $100.0M

Salt Lake City-based Databento provides financial market data services and API-based solutions for accessing, processing, and integrating trading information. Founded by Christina Qi in 2019, Databento has now raised a total of $234.6M in total equity funding and is backed by Alumni Ventures, Cross Creek, DRW Venture Capital, Fifth Down Capital, Fitch Ventures, Hedosophia, New Enterprise Associates, Operator Collective, Redpoint, TGVP, Tribe Capital, and Trousdale Ventures.


Rox – $100.0M

San Francisco-based Rox leverages AI agents to enhance sales productivity, providing actionable insights that help close deals. Founded by Avanika Narayan, Christopher Re, Diogo Ribeiro, Ishan Mukherjee, and Shriram Sridharan in 2024, Rox has now raised a total of $150M in total equity funding and is backed by Databricks Ventures, Factory, General Catalyst, March Capital, Prosperity7 Ventures, and Sequoia Capital.


Nominal – $240.0M

Austin-based Nominal develops software solutions that help engineering teams collect, manage, monitor, and analyze data from physical hardware systems. Founded by Bryce Strauss, Cameron McCord, and Jason Hoch in 2022, Nominal has now raised a total of $422.5M in total equity funding and is backed by Audacious Ventures, Avenir, avra, Brave Capital, Carpenter Capital, Deployment Capital, D. E. Shaw & Co., Founders Fund, General Catalyst, Haystack, Insight Partners, Lightspeed Venture Partners, Lockheed Martin Ventures, Lux Capital, M13, Overmatch Ventures, PSP Capital Partners, Red Glass Ventures, Salesforce Ventures, Sequoia Capital, and XYZ Venture Capital.


Coreshell Technologies – $30.0M

San Leandro-based Coreshell Technologies develops lithium-ion battery technology using metallurgical-grade silicon as an alternative to graphite anodes. Founded by Jonathan Tan and Roger Basu in 2017, Coreshell Technologies has now raised a total of $116.3M in total equity funding and is backed by Access Industries, ADS, Entrada Ventures, Ferroglobe, Helios Climate Ventures, Mana Ventures, and Pegasus Tech Ventures.

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Reflect Orbital – $73.5M

Hawthorne-based Reflect Orbital develops satellite technology that uses orbital mirrors to redirect sunlight to Earth. Founded by Ben Nowack and Tristan Semmelhack in 2021, Reflect Orbital has now raised a total of $102.2M in total equity funding and is backed by Buckley Ventures, Convective Capital, Lux Capital, Salesforce Ventures, Sequoia Capital, Starship Ventures, and The Uncommon Group.


WhiteMatter – $20.0M

Austin-based WhiteMatter is an AI-powered insights company that uses machine learning to analyze digital data for deeper insights. Founded by Vidit Arora in 2024, WhiteMatter has now raised a total of $20M in total equity funding and is backed by Blumberg Capital, Crew Capital, and Sprout & Oak.


Bay – $37.0M

Wilmington-based Bay develops an AI security platform that helps organizations discover, monitor, govern, and control agents. Founded by Aner Morag, Boris Danilovich, and Yuval Zacharia in 2026, Bay has now raised a total of $50M in total equity funding and is backed by Assaf Rappaport, Battery Ventures, M12 – Microsoft’s Venture Fund, and Micron Ventures.


Mercor – $750.0M

San Francisco-based Mercor is an AI-based hiring platform that improves the recruitment process by matching talent with opportunities tailored to their skills. Founded by Adarsh Hiremath, Brendan Foody, and Surya Midha in 2023, Mercor has now raised a total of $1.2B in total equity funding and is backed by Apollo, Benchmark, Felicis, Fundomo, General Catalyst, Glade Brook Capital Partners, G Squared, NVIDIA, Salesforce, Sapphire Ventures, StepStone Group, XTX Ventures, and Zoom.


Delphina – $7.5M

San Francisco-based Delphina is the data agent for AI-native teams. Founded by Duncan Gilchrist and Jeremy Hermann in 2023, Delphina has now raised a total of $15M in total equity funding and is backed by Costanoa Ventures, Fei-Fei Li, Guido Imbens, Radical Ventures, and Tenacity Capital.


Tristar AI – $12.4M

Boston-based Tristar AI is a software development company that provides AI-enabled manufacturing solutions. Founded by Benjamin Rocci, Jack Liu, and Salem Karani in 2022, Tristar AI has now raised a total of $31.2M in total equity funding and is backed by Blackhorn Ventures, Capgemini, Ford Street Ventures, Isai, Isogon Ventures, Las Olas Venture Capital, NextView Ventures, Seraph Group, SNR.vc, and TenOneTen Ventures.


LangChain – $300.0M

San Francisco-based LangChain develops frameworks and platforms for building and managing AI-powered applications. Founded by Ankush Gola and Harrison Chase in 2022, LangChain has now raised a total of $460M in total equity funding and is backed by CapitalG, DFJ Growth, GIC, IVP, and Sapphire Ventures.


Path Robotics – $300.0M

Columbus-based Path Robotics develops physical AI and robotic automation systems for manufacturing. Founded by Alex Lonsberry, Andrew Lonsberry, Ken Lonsberry, and Matthew Klein in 2014, Path Robotics has now raised a total of $571.5M in total equity funding and is backed by Addition, D. E. Shaw & Co., Drive Capital, Georgian, IronArc Ventures, Naver Ventures, Tiger Global Management, and Yamaha Motor Ventures.

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Torus – $500.0M

Salt Lake City-based Torus provides integrated energy and AI computing infrastructure. Founded by Nate Walkingshaw in 2021, Torus has now raised a total of $767M in total equity funding and is backed by ICONIQ Capital, Magnetar Capital, Origin Ventures, Ridgeline, and Trinity Capital.


Edelbyte – $45.0M

San Francisco-based Edelbyte is a unified data platform for search and analytics, built for a new generation of builders and AI applications. Founded by Alexander Sloutsky, Avner Aharoni, Evgeney Ryzhyk, and Yoni Leibowitz in 2025, Edelbyte has now raised a total of $70M in total equity funding and is backed by Cerca Partners, Greenoaks, QP Ventures, Quiet Capital, Startpoint Capital, and Swish Ventures.


Luminal – $25.0M

San Francisco-based Luminal provides a machine learning compiler and serverless cloud platform that automates PyTorch model optimization and deployment. Founded by Jake Stevens, Joe Fioti, and Matthew Gunton in 2025, Luminal has now raised a total of $60M in total equity funding and is backed by Batuhan Taskaya, Ben Porterfield, Erik Bernhardsson, Felicis, Guillermo Rauch, Kasra Nejatian, Liquid 2 Ventures, Palm Drive Capital, Paul Graham, Saga Ventures, Standard Capital, and Y Combinator.


Coframe – $25.0M

San Francisco-based Coframe automates the creation, testing, and optimization of websites, landing pages, and digital advertising experiences. Founded by Josh Payne in 2023, Coframe has now raised a total of $34.3M in total equity funding and is backed by Antler, Hanabi Capital, Khosla Ventures, and Nat Friedman.


MedHaul – $4.1M

Memphis-based MedHaul provides a platform for coordinating non-emergency medical transportation for patients and healthcare organizations. Founded by Erica Plybeah in 2017, MedHaul has now raised a total of $7.8M in total equity funding and is backed by 450 Ventures, Black Operator Ventures, BrightEdge – American Cancer Society, Launch Tennessee, Pier 70 Ventures, Seae Ventures, and Stanford University.


Project Omega – $80.0M

Newport-based Project Omega develops nuclear fuel recycling technologies and long-duration energy systems. Founded by Stafford Sheehan in 2025, Project Omega has now raised a total of $92M in total equity funding and is backed by 645 Ventures, B Capital, Decisive Point, Essential Capital, MANTIS Venture Capital, noa, Pace Ventures, Starship Ventures, Virta Ventures, and Washington Harbour Partners.


XpertDox – $20.0M

Scottsdale-based XpertDox develops artificial intelligence software that automates medical coding and supports healthcare revenue cycle management. Founded by Bhupesh Panwar, Rama Potturu, and Sameer Ather in 2015, XpertDox has now raised a total of $24.6M in total equity funding and is backed by Kennet Partners and Savant Growth.


Charta Health – $55.0M

San Francisco-based Charta Health develops AI software that automates medical chart reviews, clinical documentation, medical coding, and compliance processes. Founded by Justin Liu and Scott Morris in 2023, Charta Health has now raised a total of $85.1M in total equity funding and is backed by Bain Capital Ventures, Insight Partners, Madrona, QuantumLight, and South Park Commons.


Finite State – $27.0M

Columbus-based Finite State develops an AI-powered product security platform that helps manufacturers identify software vulnerabilities. Founded by David Harvilicz and Matt Wyckhouse in 2017, Finite State has now raised a total of $96.5M in total equity funding and is backed by CIBC Innovation Banking, Energize Capital, Energy Impact Partners, National Grid Partners (NGP), and The O.H.I.O. Fund.

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