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 8/23/25 featuring funding details for Ontic, Pylon, Medallion, and sixteen other deals representing $1.7B in new funding that you need to know about.
EliseAI – $250.0M
New York-based EliseAI is an AI-driven company that offers automation, streamlining workflows, and unique needs of housing and healthcare operations. Founded by Minna Song and Stoyan Stoyanov in 2017, EliseAI has now raised a total of $391.9M in total equity funding and is backed by Andreessen Horowitz, Bessemer Venture Partners, Navitas Capital, and Sapphire Ventures.
Medallion – $43.0M
San Francisco-based Medallion automates credentialing, enrollment, onboarding, and compliance to streamline healthcare network operations. Founded by Derek Lo in 2020, Medallion has now raised a total of $128.0M in total equity funding and is backed by Acrew Capital, GV, NFDG Ventures, Sequoia Capital, Spark Capital, and Washington Harbour Partners.
Keychain – $30.0M
New York-based Keychain is an AI-powered platform for CPG manufacturing companies that enables seamless product creation and supplier connections. Founded by Jordan Weitz, Oisin Hanrahan, and Umang Dua in 2023, Keychain has now raised a total of $70.5M in total equity funding and is backed by BoxGroup and Wellington Management.
Aalo Atomics – $100.0M
Austin-based Aalo Atomics manufactures and develops nuclear power plants for clean energy production. Founded by Matt Loszak in 2023, Aalo Atomics has now raised a total of $136.0M in total equity funding and is backed by Alumni Ventures, CE-Ventures, Crescent Enterprises, Crosscut Ventures, Fifty Years, Fine Structure Venture, Gaingels, Harpoon, Hitachi Ventures, Kindred Ventures, MCJ, NRG Energy, Nucleation Capital, Perpetual Ventures, Tishman Speyer, Valor Equity Partners, and VamosVentures.
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Casca – $29.0M
San Francisco-based Casca provides an AI-native loan origination platform for SBA lenders and FDIC-insured banks. Founded by Isaiah Williams and Lukas Haffer in 2023, Casca has now raised a total of $32.9M in total equity funding and is backed by Alliance Funding Group, Bankwell Financial, Canapi Ventures, Huntington National Bank, Live Oak Bank, Peterson Ventures, and Y Combinator.
Eight Sleep – $100.0M
New York-based Eight Sleep develops a smart sleep system that dynamically adjusts temperature, elevation, and sound. Founded by Alexandra Zatarain, Andrea Ballarini, Massimo Andreasi Bassi, and Matteo Franceschetti in 2014, Eight Sleep has now raised a total of $261.4M in total equity funding and is backed by Atreides Management, Charles Leclerc, Founders Fund, HSG, Kevin Hart, SoftBank, Valor Equity Partners, Y Combinator, and Zak Brown.
Functionize – $41.0M
San Francisco-based Functionize is an AI-powered platform that automates software test creation, maintenance, and scaling to streamline testing processes. Founded by Ray Grieselhuber and Tamas Cser in 2015, Functionize has now raised a total of $59.5M in total equity funding and is backed by Canvas Ventures, LHH, Mumford Investments, and Wipro Ventures.
Zed Industries – $32.4M
San Francisco-based Zed Industries is a designer of a multi-user code editor. Founded by Antonio Scandurra, Max Brunsfeld, and Nathan Sobo in 2021, Zed Industries has now raised a total of $47.5M in total equity funding and is backed by Sequoia Capital.
Ontic – $230.0M
Austin-based Ontic provides security management software unifying corporate data and operations, helping teams to manage physical and digital risks. Founded by Gagan Jain, Lukas Quanstrom, and Thomas Kopecky in 2017, Ontic has now raised a total of $286.7M in total equity funding and is backed by JMI Equity, Kohlberg Kravis Roberts, Ridge Ventures, Silverton Partners, and Ten Eleven Ventures.
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Group14 Technologies – $463.0M
Woodinville-based Group14 Technologies is a commercial manufacturer and supplier of advanced silicon battery technology. Founded by Aaron Feaver, Rick Costantino, and Rick Luebbe in 2015, Group14 Technologies has now raised a total of $1.1B in total equity funding and is backed by Amperex Technology, Decarbonization Partners, Lightrock, Microsoft Climate Innovation Fund, OMERS Ventures, Porsche, and SK.
Pylon – $31.0M
San Francisco-based Pylon is building the first customer support platform built for B2B companies. Founded by Advith Chelikani, Marty Kausas, and Robert Eng in 2022, Pylon has now raised a total of $51.3M in total equity funding and is backed by Andreessen Horowitz, Bain Capital Ventures, General Catalyst, and Y Combinator.
Paradigm – $5.0M
San Francisco-based Paradigm offers an AI-native workspace built on spreadsheet interface, enabling users to import, enrich, and act on data with precision. Founded by Anna Monaco in 2023, Paradigm has now raised a total of $7.0M in total equity funding and is backed by General Catalyst.
TinyFish – $47.0M
Palo Alto-based TinyFish provides enterprise web agent software that automates interactions with complex and dynamic websites. Founded by Keith Zhai, Shuhao Zhang, and Sudheesh Nair in 2024, TinyFish has now raised a total of $47.0M in total equity funding and is backed by ASG, ICONIQ Growth, Mango Capital, MongoDB Ventures, Sandberg Bernthal Venture Partners, and U.S. Venture Partners.
Kromatid – $8.0M
Longmont-based KromaTiD focuses on advancing the knowledge of genetic abnormalities and diseases by developing molecular cytogenetics assays and reagents. Founded by Andrew Ray, Joel Bedford, Michael Cornforth, and Susan M. Bailey in 2007, Kromatid has now raised a total of $28.1M in total equity funding and is backed by BroadOak Capital Partners.
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Overhaul – $105.0M
Austin-based Overhaul is a supply chain integrity technology solution, leveraging visibility to detect and correct non-compliance within supply chains. Founded by Barry Conlon and Robert Clarke in 2016, Overhaul has now raised a total of $269.9M in total equity funding and is backed by Edison Partners, Morgan Stanley Investment Management, and Springcoast Capital Partners.
Basic Capital – $25.0M
New York-based Basic Capital is a retirement investment platform that enhances retirement savings by providing financing options within IRAs and 401(k)s. Founded by Abdul Al-Asaad and Anjan Karanam in 2021, Basic Capital has now raised a total of $25.0M in total equity funding and is backed by BoxGroup, Forerunner, Henry Kravis, HOF Capital, Inspired Capital Partners, Lux Capital, and SV Angel.
Nuro – $97.0M
Mountain View-based Nuro is a robotics company specializing in the development of autonomous driving technologies. Founded by Dave Ferguson and Jiajun Zhu in 2016, Nuro has now raised a total of $2.3B in total equity funding and is backed by Baillie Gifford, Icehouse Ventures, Kindred Ventures, NVIDIA, Pledge Ventures, and Uber.
Wellth – $36.0M
Los Angeles-based Wellth motivates medication adherence using Behavioral Economics Founded by Alec Zopf and Matthew Loper in 2014, Wellth has now raised a total of $75.1M in total equity funding and is backed by CD-Venture, Comcast Ventures, FCA Venture Partners, Mercato Partners, New York Life Insurance, and SignalFire.
Garage – $13.5M
New York-based Garage is a marketplace for previously owned equipment, beginning with firefighting apparatus. Founded by Alaz Sengul and Martin Hunt in 2023, Garage has now raised a total of $14.0M in total equity funding and is backed by Benchstrength, FJ Labs, Infinity Ventures, Initialized Capital, Wayfinder Ventures, and Y Combinator.
