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 5/2/26 featuring funding details for Parallel, Shapes, definity, and seventeen other deals representing $1.7B in new funding that you need to know about.
Avoca – $125.0M
New York-based Avoca uses AI agents to handle inbound and outbound interactions, including handling customer calls and managing leads. Founded by Apurva Shrivastava and Tyson Chen in 2022, Avoca has now raised a total of $125.5M in total equity funding and is backed by Alt Capital, Amplify Partners, BoxGroup, General Catalyst, Kleiner Perkins, Meritech Capital Partners, Nexus Venture Partners, and Y Combinator.
Chord – $7.0M
New York-based Chord is an e-commerce data platform that enables brands to unify, synthesize, and orchestrate their data. Founded by Bryan Mahoney and Henry Davis in 2021, Chord has now raised a total of $52.5M in total equity funding and is backed by CEAS Investments, Chingona Ventures, Equal Ventures, and M13.
Clarasight – $11.5M
New York-based Clarasight is a carbon reduction platform that focuses on employee education, engagement, and activation. Founded by Adam Braun and Philip Charm in 2021, Clarasight has now raised a total of $21.1M in total equity funding and is backed by AlleyCorp, Clocktower Technology Ventures, Future Back Ventures by Bain & Company, Pulse Fund, Rackhouse Venture Capital, Thayer Investment Partners, Vestigo Ventures, and XYZ Venture Capital.
Counterpart – $50.0M
Los Angeles-based Counterpart offers an Agentic Insurance system specializing in management and professional liability insurance. Founded by Tanner Hackett in 2019, Counterpart has now raised a total of $106M in total equity funding and is backed by Valor Equity Partners and Vy Capital.
definity – $12.0M
Chicago-based definity is the Agentic Data Engineering Platform for Lakehouse & Spark Ai optimize cost, prevent incidents, accelerate dev velocity. Founded by Ohad Raviv, Roy Daniel, and Tom Bar-Yacov in 2023, definity has now raised a total of $16.5M in total equity funding and is backed by Dynatrace, GreatPoint Ventures, Hyde Park Venture Partners, and StageOne Ventures.
Firestorm – $82.0M
San Diego-based Firestorm develops modular, mission-adaptable unmanned aerial systems (UAS) designed for military applications. Founded by Chad Mccoy, Daniel Magy, and Ian Muceus in 2022, Firestorm has now raised a total of $129.5M in total equity funding and is backed by Booz Allen Ventures, Geodesic Capital, IQT, Litquidity Ventures, Lockheed Martin, Motley Fool Ventures, New Enterprise Associates, Ondas Networks, and Washington Harbour Partners.
Hightouch – $150.0M
San Francisco-based Hightouch is an agentic marketing platform that utilizes a Composable Customer Data Platform (CDP) to enhance marketing efforts. Founded by Josh Curl, Kashish Gupta, and Tejas Manohar in 2018, Hightouch has now raised a total of $332.2M in total equity funding and is backed by Amplify Partners, Bain Capital Ventures, Goldman Sachs Alternatives, ICONIQ Capital, Sapphire Ventures, TD7, and Y Combinator.
Kashable – $60.0M
New York-based Kashable is a financial technology company that provides employer-sponsored lending and financial wellness solutions to employees. Founded by Einat Steklov and Rishi Kumar in 2013, Kashable has now raised a total of $122.7M in total equity funding and is backed by EJF Ventures, Goldman Sachs Alternatives, and Revolution.
Liquid Instruments – $50.0M
San Diego-based Liquid Instruments develops software-defined test and measurement systems that enable engineers to perform experiments and signal analysis. Founded by Andrew Sutton, Ben Coughlan, Danielle Wuchenich, Daniel Shaddock, David McClelland, David Rabeling, Magnus Hsu, Malcolm Gray, Paul Altin, Samuel Francis, Tarquin Ralph, and Timothy Lam in 2014, Liquid Instruments has now raised a total of $95.7M in total equity funding and is backed by Keysight Technologies and National Reconstruction Fund Corporation.
Nervonik – $52.5M
Los Angeles-based Nervonik is a medical device company developing an opioid-free peripheral nerve stimulation (PNS) system. Founded by Aydin Babakhani in 2020, Nervonik has now raised a total of $65.5M in total equity funding and is backed by Amzak Health Investors, Elevage Medical Technologies, Foothill Ventures, Lumira Ventures, Shangbay Capital, and U.S. Venture Partners.
Netomi – $110.0M
San Mateo-based Netomi provides multimodal and omnichannel Sanctioned Generative AI for enterprises. Founded by Puneet Mehta in 2015, Netomi has now raised a total of $217M in total equity funding and is backed by Accenture Ventures, Adobe Ventures, Demis Hassabis, Fin Capital, Gokul Rajaram, Greg Brockman, Henry Kravis, Justin Wexler, Metis Strategy, Mustafa Suleyman, Naver Ventures, Nikesh Arora, Silver Lake Waterman, SLW, and WndrCo.
OpenObserve – $10.0M
San Francisco-based OpenObserve provides an open-source observability platform for monitoring logs, metrics, and traces in a unified system. Founded by Prabhat Sharma in 2022, OpenObserve has now raised a total of $13.6M in total equity funding and is backed by Dell Technologies Capital and Nexus Venture Partners.
Parallel – $100.0M
Palo Alto-based Parallel develops a suite of agents and tool APIs for building AI that accesses and utilizes the open web. Founded by Parag Agrawal in 2023, Parallel has now raised a total of $260M in total equity funding and is backed by Index Ventures, Khosla Ventures, Kleiner Perkins, and Sequoia Capital.
Rogo – $160.0M
New York-based Rogo.ai is an AI platform for finance that automates research, analysis, and financial workflows for investment banks and investors. Founded by Gabriel Stengel, John Willett, and Tumas Rackaitis in 2021, Rogo has now raised a total of $314M in total equity funding and is backed by BoxGroup, Evantic Capital, Jack Altman, J.P. Morgan Growth Equity Partners, Khosla Ventures, Kleiner Perkins, MANTIS Venture Capital, Positive Sum, Sequoia Capital, and Thrive Capital.
Scout AI – $100.0M
Sunnyvale-based Scout AI develops artificial intelligence systems for defense robotics, focusing on enabling autonomous behavior across unmanned platforms. Founded by Colby Adcock and Collin Otis in 2024, Scout AI has now raised a total of $115.2M in total equity funding and is backed by Align Ventures, Booz Allen Ventures, Bravo Victor Venture Capital, Decisive Point, Disruptive Founders Fund, Draper Associates, Evolution VC Partners, FJ Labs, Heraclitus Capital Management, Neman Ventures, Sigmas Group, and Vaughn Capital Partners.
Shapes – $8.0M
San Francisco-based Shapes is a platform that enables users to interact with artificial intelligence and other users within shared chat environments. Founded by Anushk Mittal and Noorie Dhingra in 2021, Shapes has now raised a total of $12.2M in total equity funding and is backed by AI Grant, Alpha Intelligence Capital, and Lightspeed Venture Partners.
Skyfire AI – $11.0M
Huntsville-based Skyfire AI is a drone platform that provides autonomous flight and data tools for public safety and defense. Founded by Brian Davidson, Don Mathis, Eric Malawer, and Matt Sloane in 2016, Skyfire AI has now raised a total of $11.6M in total equity funding and is backed by AI Fund, Halogen Ventures, HBS Alumni Angels Association, Mucker Capital, New York Angels, and SaaS Ventures.
Techcyte – $15.0M
Orem-based Techcyte is a clinical pathology and diagnostics platform with solutions for human, veterinary, and environmental labs. Founded by Ben Cahoon, Ralph Yarro, Richard Smith, and Troy Bankhead in 2013, Techcyte has now raised a total of $50.4M in total equity funding and is backed by Mayo Clinic, Van Tuyl Companies, and Zoetis.
True Anomaly – $600.0M
Centennial-based True Anomaly develops space security technologies, including spacecraft, software platforms, and mission systems for orbital operations. Founded by Even Rogers, Kyle Zakrzewski, and Tom Nichols in 2022, True Anomaly has now raised a total of $1B in total equity funding and is backed by 645 Ventures, Accel, ACME Capital, Atreides Management, Eclipse, G Squared, Menlo Ventures, Meritech Capital Partners, Narya Capital, Paradigm, Riot Ventures, Space.VC, The Private Shares Fund, and VanEck.
Zamp – $17.0M
New York-based Zamp is a sales tax solution that combines technology, automation, and human experience to totally remove sales tax off your plate. Founded by Edward Lando and Rohit Bhadange in 2022, Zamp has now raised a total of $21M in total equity funding and is backed by Acrew Capital and Thomson Reuters Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – Zamp Raises $30M to Scale AI-Driven Sales Tax Compliance Across 12,000+ Jurisdictions
