The Weekly Notable Startup Funding Report: 5/1/23

Republished By Plato

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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 4/29/23 featuring funding details for Replit, Hydrosat, NetRise, and nineteen other deals representing $1.4B in new funding that you need to know about.

AaDya Security – $5.0M

Detroit-based AaDya Security is a cyber security company that offers cybersecurity software solutions for small and medium businesses. Founded by Raffaele Mautone in 2019, AaDya Security has now raised a total of $12.8M in total equity funding and is backed by 645 Ventures, Firebrand Ventures, Gaingels, Invest Detroit, and Left Lane Capital.

AirOps – $7.0M

Miami-based AirOps allows users to create AI-enabled applications on top of Large Language Models (LLMs). Founded by Alex Halliday, Berna Gonzalez, and Matt Hammel in 2021, AirOps has now raised a total of $7.0M in total equity funding and is backed by Apollo Projects, Founder Collective, Lachy Groom, Village Global, Wing Venture Capital, and Xfund.

aiXplain – $8.0M

Los Gatos-based aiXplain is a no-code low-code AI IDE and a marketplace for small and medium enterprises offering Large Language Models, GPT, Multimodal AI Founded by Hassan Sawaf in 2020, aiXplain has now raised a total of $8.0M in total equity funding and is backed by Calibrate Ventures and Transform VC.

Avalanche Energy – $40.0M

Seattle-based Avalanche Energy is a fusion energy startup that develops micro-fusion reactors for distributed energy and mobility. Founded by Brian Riordan and Robin Langtry in 2018, Avalanche Energy has now raised a total of $45.0M in total equity funding and is backed by Autodesk, Clear Path, Climate Capital, Congruent Ventures, Founders Fund, Grantham Foundation, Lowercarbon Capital, MCJ Collective, and Toyota Ventures.

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Community – $25.0M

Santa Monica-based Community is an app that solves communication and engagement problems. Founded by Josh Rosenheck, Matthew Peltier, and Max Levine in 2014, Community has now raised a total of $65.1M in total equity funding and is backed by Backstage Capital, GroveStreet, HubSpot, Morgan Stanley Next Level Fund, Pier 70 Ventures, Salesforce Ventures, Verizon Ventures, and WOCstar Fund.

Constrafor – $7.5M

Manhattan-based Constrafor is a construction procurement company that offers financing and software for general contractors. Founded by Anwar Ghauche and Douglas Reed in 2019, Constrafor has now raised a total of $13.8M in total equity funding and is backed by Clocktower Technology Ventures, Commerce Ventures, Fifth Wall, FinTech Collective, FJ Labs, Motive Partners, and NotreVis.

NetRise – $8.0M

Austin-based NetRise is an automated cloud-based platform that provides computer and network security services. Founded by Michael Scott and Thomas Pace in 2020, NetRise has now raised a total of $14.8M in total equity funding and is backed by DNX Ventures, Miramar Digital Ventures, Sorenson Ventures, and Squadra Ventures.

Bobsled, Inc. – $17.0M

Los Angeles-based Bobsled is the fastest way to share data to any cloud or platform. Founded by Andrew Jefferson, Jake Graham, and Joshua Neckes in 2021, Bobsled, Inc. has now raised a total of $24.0M in total equity funding and is backed by Greycroft and Madrona.

Levitate – $13.8M

Raleigh-based Levitate helps relationship-based businesses keep in touch with clients, prospects, and referral sources. Founded by Jesse Lipson in 2017, Levitate has now raised a total of $39.8M in total equity funding and is backed by Bull City Venture Partners, Duke Capital Partners, Protagonist, Tippet Venture Partners, and Triangle Tweener Fund.

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Ohmium – $250.0M

Incline Village-based Ohmium is a green hydrogen company that manufactures proton exchange membrane systems to pressurise high-purity hydrogen. Founded by Arne Ballantine and Kirsten Burpee in 2019, Ohmium has now raised a total of $295.0M in total equity funding and is backed by Energy Transition Ventures, Fenice Investment Group, Hanover Technology Investment Management, and TPG Rise Climate Fund.

OpenAI – $300.0M

San Francisco-based OpenAI is an AI research and deployment company that conducts research and implements machine learning. Founded by Carlos Virella, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman, Sam Altman, and Wojciech Zaremba in 2015, OpenAI has now raised a total of $11.3B in total equity funding and is backed by Andreessen Horowitz, Founders Fund, K2 Global, Sequoia Capital, Thrive Capital, and Tiger Global Management.

Optimus Technologies – $17.8M

Pittsburgh-based Optimus Technologies is the market leader in EPA compliant biodiesel conversion systems for medium- and heavy-duty trucks. Founded by Colin Huwyler and Jon Ewing in 2010, Optimus Technologies has now raised a total of $17.8M in total equity funding and is backed by Idea Foundry, Innovation Works, Mitsui & Co, Renewable Energy Group, Richard King Mellon Foundation, and Urban Redevelopment Authority of Pittsburgh.

Pinecone – $100.0M

New York-based Pinecone is a vector database that allows developers to include vector search into production¬†applications. Founded by Edo Liberty in 2019, Pinecone has now raised a total of $138.0M in total equity funding and is backed by Andreessen Horowitz, ICONIQ Growth, Menlo Ventures, and Wing Venture Capital.

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POSH – $3.5M

New York-based POSH is a financial infrastructure platform that provides tools to create and manage unique live experiences. Founded by Avante Price and Eli Taylor-Lemire in 2019, POSH has now raised a total of $5.0M in total equity funding and is backed by Amino Capital, Cameron Dallas, Companyon Ventures, Day One Ventures, EPIC Ventures, Joshua Browder, and Pareto Holdings.

PreAct Technologies – $6.0M

Portland-based PreAct Technologies focuses on flash LiDAR tech, delivering high-resolution, affordable solutions across multiple industries. Founded by Keith Brendley, Kurt Brendley, and Paul Drysch in 2018, PreAct Technologies has now raised a total of $47.0M in total equity funding and is backed by I Squared Capital, Luminate, State Farm Ventures, and Traylor Capital.

Replit – $97.4M

San Francisco-based Replit is a browser-based integrated development environment for cross-platform collaborative coding. Founded by Amjad Masad and Haya Odeh in 2016, Replit has now raised a total of $202.0M in total equity funding and is backed by Andreessen Horowitz, ARK Ventures, Bloomberg Beta, Coatue, Hamilton Helmer, Khosla Ventures, Naval Ravikant, SVA, and Y Combinator.

Ursa Major – $100.0M

Berthoud-based Ursa Major is an innovative propulsion system for space launch, hypersonics, and national security. Founded by Joe Laurienti in 2015, Ursa Major has now raised a total of $233.8M in total equity funding and is backed by BlackRock and Space Capital.

Veo Robotics – $14.0M

Waltham-based Veo Robotics develops smart device solutions to enable high performance collaborative industrial robotics. Founded by Clara Vu, Patrick Sobalvarro, and Scott Denenberg in 2016, Veo Robotics has now raised a total of $57.0M in total equity funding and is backed by Amazon Industrial Innovation Fund, Safar Partners, and Yamaha Motor Ventures & Laboratory Silicon Valley.

Orbital Therapeutics – $270.0M

Cambridge-based Orbital Therapeutics is a biotechnology company that develops RNA-based medicines to treat disease in humans. Founded by Carol Suh, Drew Weissman, Ph.D, Gene Yeo, Giuseppe Ciaramella, Howard Chang, John Maraganore, Kristina Burow, and Ravi Majeti in 2022, Orbital Therapeutics has now raised a total of $270.0M in total equity funding and is backed by Abu Dhabi Growth Fund, Agent Capital, Alexandria Venture Investments, Andreessen Horowitz, ARCH Venture Partners, Casdin Capital, EXOR N.V., Heritage Medical Systems, iGlobe Partners, Invus, Moore Strategic Ventures, Newpath Management, Redmile Group, and Rellim Capital Management.

Super.com – $60.0M

San Francisco-based Super is a saving app that empowers users to spend less, save more, and build credit. Founded by Henry Shi, Hussein Fazal, Obabtc Wurld, and Obabtc Wurld in 2016, Super.com has now raised a total of $154.4M in total equity funding and is backed by Acrew Capital, Allen Shim, Christopher Best, Deborah Liu, EDC Capital, Full In, Harley Finkelstein, Hyphen Capital, Inovia Capital, Josh Proctor, Lion Capital, Mike Lee, Neha Narkhede, Plaza Ventures, Stephen Curry, and Telstra Ventures.

Hydrosat – $15.0M

Washington-based Hydrosat provides geospatial intelligence for food security, critical infrastructure, and the environment. Founded by Jakob Van Zyl, Pieter Fossel, Royce Dalby, and Yunjin Kim in 2017, Hydrosat has now raised a total of $25.5M in total equity funding and is backed by Blue Bear Capital, Cultivation Capital, Expon Capital, Freeflow Ventures, Hartree Partners, Hemisphere Ventures, OTB Ventures, Santa Barbara Venture Partners, Statkraft Ventures, and Techstars.

DeepHow – $14.0M

New York-based DeepHow develops an AI-powered learning platform for manufacturing, service, and repair. Founded by Patrik Matos da Silva, Samuel Zheng, and Wei-Liang Kao in 2018, DeepHow has now raised a total of $37.1M in total equity funding and is backed by Foothill Ventures, LG Technology Ventures, Osage Venture Partners, Owl Ventures, Qualcomm Ventures, and Sierra Ventures.