The Weekly Notable Startup Funding Report: 1/29/24

Republished By Plato

Followers: 0

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 1/27/24 featuring funding details for DXwand, SmithRx, Captura, and twenty other deals representing $766M in new funding that you need to know about.

AiDash – $50.0M

San Jose-based AiDash is a SaaS company enabling climate-resilient and sustainable infrastructure with satellites and AI. Founded by Abhishek Vinod Singh, Nitin Das, and Rahul Saxena in 2019, AiDash has now raised a total of $83.0M in total equity funding and is backed by Benhamou Global Ventures, Edison International, G2 Venture Partners, Lightrock, National Grid Partners (NGP), SE Ventures, and Shell Ventures.

Anomalo – $33.0M

Palo Alto-based Anomalo allows users to continuously inspect and validate the data coming into their warehouses. Founded by Elliot Shmukler and Jeremy Stanley in 2018, Anomalo has now raised a total of $72.0M in total equity funding and is backed by Databricks Ventures, Foundation Capital, Norwest Venture Partners, SignalFire, and Two Sigma Ventures.

Ansel Health – $20.0M

Claymont-based Ansel Health is a developer of a health insurance platform intended for employers to enhance their employee benefits. Founded by Veer Gidwaney in 2019, Ansel Health has now raised a total of $42.0M in total equity funding and is backed by Brewer Lane Ventures, Digitalis Ventures, Morgan Creek Capital Management, Operator Partners, Plug and Play, Portage Ventures, SixThirty, SymphonyAI, and Two Sigma Ventures.

Bastille Networks Internet Security – $44.0M

San Francisco-based Bastille Networks Internet Security provides threat detection and security for the internet of things. Founded by Bob Baxley, Chris Rouland, Earle Ady, and Michael Engle in 2014, Bastille Networks Internet Security has now raised a total of $83.0M in total equity funding and is backed by Bessemer Venture Partners and Goldman Sachs Asset Management’s (GSAM) Petershill Program.

The AlleyWatch audience is driving progress and innovation on a global scale. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including strategic brand placement, lead generation, and thought leadership in front of an audience that comprises the vast majority of key decision-makers in the NYC business community and beyond. Learn more about advertising to NYC Tech, at scale.

BillingPlatform – $90.0M

Centennial-based BillingPlatform provides a cloud-based platform that helps businesses manage and automate their billing processes. Founded by Leonid Solomonik and Nathan Shinn in 2012, BillingPlatform has now raised a total of $104.0M in total equity funding and is backed by FTV Capital.

Bilt Rewards – $200.0M

New York-based Bilt Rewards offers a rewards program that allows renters to earn points on rent and create a path towards homeownership. Founded by Ankur Jain and Carlos Virella in 2021, Bilt Rewards has now raised a total of $413.3M in total equity funding and is backed by Camber Creek, Eldridge Industries, General Catalyst, Left Lane Capital, and Prosus Ventures.

Captura – $21.5M

Pasadena-based Captura specializes in direct ocean carbon capture, employing technology and leveraging the ocean’s natural carbon removal capabilities. Founded by Chengxiang Xiang and Harry Atwater in 2021, Captura has now raised a total of $33.5M in total equity funding and is backed by Aramco Ventures, EDP Ventures, EIC Rose Rock, Eni Next, Equinor Ventures, Freeflow Ventures, Future Planet Capital, Hitachi Ventures, Maersk Growth, and mTerra Ventures.

CheckSammy – $45.0M

Dallas-based CheckSammy is a waste removal company that provides same-day bulk waste removal and sustainability services. Founded by Paul Botelho and Sam Scoten in 2018, CheckSammy has now raised a total of $64.8M in total equity funding and is backed by I Squared Capital and Zero Infinity Partners.

Clerk – $30.0M

San Francisco-based Clerk develops a software application to provide a sign-up and sign-in page for any website and profile management. Founded by Braden Sidoti and Colin Sidoti in 2020, Clerk has now raised a total of $84.5M in total equity funding and is backed by Andreessen Horowitz, CRV, Madrona, and Stripe.

DXwand – $4.0M

Cheyenne-based DXwand is a technology & AI passionate team curious about transforming businesses with AI to be their growth partner. Founded by Ahmed Mahmoud in 2018, DXwand has now raised a total of $10.7M in total equity funding and is backed by Algebra Ventures, Dubai Future District Fund, and Shorooq Partners.

You are seconds away from signing up for the hottest list in NYC Tech!

Masa – $5.4M

San Francisco-based Masa is a developer of a decentralized data marketplace where users get compensated for their data contribution. Founded by Brendan Playford and Calanthia Mei in 2021, Masa has now raised a total of $8.9M in total equity funding and is backed by Anagram, Blizzard Fund, Digital Currency Group, OP Crypto, Peer Ventures, The Crypto Times, and Unshackled Ventures.

ViralMoment – $2.5M

Menlo Park-based ViralMoment uses AI, computer vision & context layering to help understand consumer insight & deal with visual conservation services. Founded by Chelsie Hall and Sheyda Demooei in 2021, ViralMoment has now raised a total of $2.5M in total equity funding and is backed by Carnegie Mellon University, Crush Ventures, Duo Partners, Supernode Global, and Techstars.

Motif Neurotech – $18.8M

Houston-based Motif Neurotech is a company that develops minimally invasive bioelectronic implants for monitoring and treating severe mental illnesses. Founded by Jacob Robinson in 2022, Motif Neurotech has now raised a total of $18.9M in total equity funding and is backed by Arboretum Ventures, Capital Factory, Divergent Capital, Dolby Family Ventures, Empath Ventures, KdT Ventures, Max Hodak, PsyMed Ventures, re.Mind Capital, Satori Capital, and Texas Medical Center Innovation.

RagaAI Inc. – $4.7M

Fremont-based RagaAi is a software platform. Founded by Carlos Virella and Gaurav Agarwal in 2022, RagaAI Inc. has now raised a total of $4.7M in total equity funding and is backed by Anorak Ventures, Arka Venture Labs, Exfinity Venture Partners, Mana Ventures, Pi Ventures, and TenOneTen Ventures.

Sion Power – $75.0M

Tucson-based Sion Power develops and commercializes advanced energy storage technologies, particularly lithium-sulfur (Li-S) batteries. Founded by Terje Skotheim in 1994, Sion Power has now raised a total of $145.0M in total equity funding and is backed by Euclidean Capital, Hillspire, and LG Energy Solution.

SmithRx – $60.0M

San Francisco-based SmithRx is reinventing PBMs with modern technology, client alignment, and 100% transparency. Founded by Jake Frenz in 2016, SmithRx has now raised a total of $97.5M in total equity funding and is backed by Venrock.

Boomerang – $4.9M

Miami-based Boomerang is a technology-powered service that collects, stores, and returns lost valuables back to the owners. Founded by Augustine Diep-Tran, Philip Inghelbrecht, and Skyler Logsdon in 2021, Boomerang has now raised a total of $7.7M in total equity funding and is backed by Dream Ventures, GGV Capital, Gold House Ventures, Harlo Capital, Lake Nona Fund, LightShed Ventures, and SeventySix Capital.

UpSmith – $5.0M

Dallas-based UpSmith combats skilled worker shortages with technology to expand workforce productivity for employers. Founded by Wyatt Smith in 2022, UpSmith has now raised a total of $8.3M in total equity funding and is backed by Andreessen Horowitz, Asymmetric Capital Partners, Clean Energy Ventures, Crescent Ridge Partners Ventures, Crow Holdings, Cubit Capital, GSV Ventures, Hannah Grey, Karman Ventures (fka Moving Capital), Kimbel Mechanical Systems Inc., and TechNexus Venture Collaborative.

Welligence – $41.0M

Houston-based Welligence is a company that specializes in upstream analytics. Founded by Ross Lubetkin and Seth Neel in 2018, Welligence has now raised a total of $41.0M in total equity funding and is backed by EDG – Energy Development Group, Elephant, and Veriten.

Perfumeo – $1.0M

Cupertino-based Perfumeo is the world’s first intelligent home diffuser that tailors scent based on user mood, employing cutting-edge, patented AI. Founded by Enzo Didi in 2021, Perfumeo has now raised a total of $1.1M in total equity funding and is backed by TF Capital.

Birdwatch – $3.2M

Washington-based Birdwatch helps busy homeowners save time and energy by taking care of any issues that arise in and around the home. Founded by Chris Rosenbaum, lisa wise, Ryan Troll, and Steph Toler in 2022, Birdwatch has now raised a total of $3.5M in total equity funding and is backed by Berger Investments, FJ Labs, Path Ventures, Social Leverage, and Starting Line.

Isaac Health – $5.7M

New York-based Isaac Health is a platform for population level brain health and dementia care with proven savings for health plans and systems. Founded by Joel Salinas and Julius Bruch in 2021, Isaac Health has now raised a total of $7.1M in total equity funding and is backed by AirAngels, B Capital, CoFound Partners, Meridian Street Capital, Primetime Partners, and VU Venture Partners.