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The AlleyWatch Startup Daily Funding Report: 3/12/2026

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The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 3/12/2026 featuring funding details for Grafana Labs, Xscape Photonics, and much more. This page will be updated throughout the day to reflect any new fundings.

Grafana Labs – $250M

OBSERVABILITY

Grafana Labs, the composable observability and data visualization platform, has raised $250M in funding according to a recent SEC filing. The filing indicates that the round comes from eleven investors. Founded by Anthony Woods, Raj Dutt, and Torkel Odegaard in 2014, Grafana Labs has now raised a total of $1.055B in reported equity funding.

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Xscape Photonics – $37M

SEMICONDUCTORS

Xscape Photonics, a provider of photonic chips for high-speed connections in high-performance computing systems and data centers, has raised $37M in a Series A extension led by Addition. Founded by Alexander Gaeta, Vivek Raghunathan, and Yoshi Okawachi in 2022, Xscape Photonics has now raised a total of $94M in reported equity funding.


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Translucent – $27M

HEALTHTECH

Translucent, the AI-powered platform for healthcare finance, has raised $27M in Series A funding led by Google Ventures. Founded by Jack O’Hara and Max Jones in 2024, Translucent has now raised a total of $34M in reported equity funding.

Tags: AdditionAlexander GaetaAnthony WoodsGoogle VenturesGrafana LabsJack O'HaraMax JonesRaj DuttTorkel OdegaardTranslucentVivek RaghunathanXscape PhotoicsYoshi Okawachi
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