The Weekly Notable Startup Funding Report: 8/21/23

The Weekly Notable Startup Funding Report: 8/21/23

Time Stamp: August 20, 2023 1:27 PM
Source Node: 2837099

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 8/19/23 featuring funding details for Toothio, Demex, VoiceFlow, and twenty other deals representing $566M in new funding that you need to know about.

Verdigris Technologies – $10.0M

Moffett Field-based Verdigris Technologies is a SaaS-based platform that develops artificial intelligence in order to optimize energy consumption. Founded by Jonathan Chu, Mark Chung, and Thomas Chung in 2011, Verdigris Technologies has now raised a total of $38.8M in total equity funding and is backed by DCVC and Solea Energy.

Caden – $15.0M

Manhattan-based Caden is a data intelligence platform that enables users to control and monetize their personal data. Founded by John Roa in 2021, Caden has now raised a total of $24.4M in total equity funding and is backed by 1707 Capital, AAF Management Ltd., AME Cloud Ventures, Industry Ventures, Lightning Capital, Montage Ventures, Nava Ventures, and Streamlined Ventures.

Advanced Ionics – $12.5M

Milwaukee-based Advanced Ionics engages in eliminating the green premium associated with green hydrogen production. Founded by Chad Mason in 2017, Advanced Ionics has now raised a total of $19.6M in total equity funding and is backed by BP Ventures, Clean Energy Ventures, GVP Climate, and Mitsubishi Heavy Industries.

Caelux – $12.0M

Pasadena-based Caelux is a renewable energy company that develops perovskite-on-glass technology for the terrestrial solar and commercial space industries. Founded by John Iannelli in 2014, Caelux has now raised a total of $24.0M in total equity funding and is backed by Fine Structure Venture, Global Brain Corporation, Khosla Ventures, Mitsui Fudosan, Reliance New Energy Solar, and Temasek Holdings. LA TechWatch broke the news in an exclusive covering the round and much more – Caelux Raises $12M for its Use of Perovskites to Make Solar Energy Generation More Efficient

Beamer – $20.0M

Boulder-based Beamer is a changelog and notification center tool that lets users announce new features, product updates, fixes, and special offers. Founded by Mariano Rodriguez Colombelli, Satya Krishna Ganni, and Spencer Coon in 2017, Beamer has now raised a total of $20.0M in total equity funding and is backed by Camber Partners.

Grit – $7.0M

New York-based Grit’s fully automated migrations and AI-assisted refactoring put software maintenance on autopilot. Founded by Cosmin Radoi and Morgante Pell in 2022, Grit has now raised a total of $7.0M in total equity funding and is backed by 8VC, A* Capital, Abstract Ventures, AME Cloud Ventures, CoFound Partners, Founders Fund, Gravity Capital, Guillermo Rauch, Operator Partners, Quiet Capital, Sahil Bloom, Scott Belsky, SVA, and Uncorrelated Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – Grit Raises $7M to Automate Software Maintenance and Migrations by Leveraging AI

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.

Helm.ai – $55.0M

Menlo Park-based Helm.ai develops AI software for driver assistance systems, autonomous driving, and robotics. Founded by Tudor Achim and Vlad Voroninski in 2016, Helm.ai has now raised a total of $155.0M in total equity funding and is backed by ACVC Partners, Amplo, Freeman Group, Goodyear Ventures, Honda Motor, and Sungwoo Hitech.

Highlight – $18.0M

New York-based Highlight is a market research platform that facilitates efficient, agile, and scaled at-home product testing. Founded by Dana Kim and Ethan Kellough in 2021, Highlight has now raised a total of $26.2M in total equity funding and is backed by Acre Venture Partners, GS Futures, HearstLab, Ingeborg Investments, Jag Bath, and Ryan Nece.

MacroFab – $20.0M

Houston-based MacroFab is a technology platform built to automate and optimize electronics manufacturing processes for OEMs. Founded by Chris Church and Parker Dillmann in 2013, MacroFab has now raised a total of $96.2M in total equity funding and is backed by Trinity Capital.

Mitra Chem – $40.0M

Mountain View-based Mitra Chem is a lithium-ion battery material manufacturing company that innovates and commercializes iron-based cathode materials. Founded by Chirranjeevi Gopal, Vivas Kumar, and William Chueh in 2021, Mitra Chem has now raised a total of $87.1M in total equity funding and is backed by Bonds Investment Group, Boutique Venture Partners, Bricks Capital Management, Earthshot Ventures, Fontinalis Partners, General Motors, GS Futures, Scribble Ventures, Social Capital, The Keffi Group, WovenEarth Ventures, and Zeon Ventures.

Mixlab – $10.0M

New York-based Mixlab is a pet pharmacy. Founded by Frederic Dijols, Stella Falkner, Vinnie Dam, and Webster Ross in 2017, Mixlab has now raised a total of $40.5M in total equity funding and is backed by Lakehouse Ventures and Vanterra Capital. AlleyWatch broke the news in an exclusive covering the round and much more – Mixlab Raises Another $10M for its Pet Pharmacy Delivery Service

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Pivotal Commware – $102.0M

Kirkland-based Pivotal Commware develops software-defined antennas and radios that use holographic beamforming to increase network speed and capacity. Founded by Brian Deutsch, Brian Deutsch, Eric Black, and Jay McCandless in 2016, Pivotal Commware has now raised a total of $191.0M in total equity funding and is backed by Blue Investment Group, Devonshire Investors, DIG Investment, Fortress Investment Group, Gates Frontier Fund, Lux Capital, Thermo Companies, Tracker Capital Management, and Verizon Ventures.

Robomart – $2.0M

Los Angeles-based Robomart is building patented self-driving stores for retailers, helping them expand their footprint. Founded by Ali Ahmed, Emad Suhail Rahim, and Tigran Shahverdyan in 2018, Robomart has now raised a total of $3.4M in total equity funding and is backed by Chiedozie Anokwute, Conor Creaney, Flip Gianos, Frank Muher, Gary Applebaum, Gregory Rochlin, Isaac Pretter, Jason Gelber, Jay Dackman, Jonathan Hung, Josh Breinlinger, Levon Budagyan, Lisa Friedlander, Michael Vosgueritchian, Ratner Investments, Rohit Dewan, Saif I Shah Mohammed, Saket Mehta, W Ventures, and Yitzchak Khoshkheraman.

Demex – $5.0M

Washington-based Demex provides operational climate risk coverage and retained climate risk reinsurance services. Founded by Edward Byrns and Stephen Bennett in 2020, Demex has now raised a total of $18.2M in total equity funding and is backed by Blue Bear Capital.

Yard Stick PBC – $10.6M

Cambridge-based Yard Stick enables soil carbon removal at scale. Founded by Chris Tolles, Evan Arnold, and Kevin Meissner in 2021, Yard Stick PBC has now raised a total of $16.2M in total equity funding and is backed by Breakthrough Energy Ventures, Lowercarbon Capital, Microsoft Climate Innovation Fund, Pillar VC, The Nature Conservancy, and Toyota Ventures.

Voiceflow – $15.0M

San Francisco-based Voiceflow is a collaborative platform to design, build, and manage conversational AI applications. Founded by Andrew Lawrence, Braden Ream, Michael Hood, and Tyler Han in 2018, Voiceflow has now raised a total of $39.0M in total equity funding and is backed by OpenView.

Jinx – $17.9M

Los Angeles-based Jinx is a dog wellness brand that primarily sells dog foods online. Founded by Sameer Mehta and Terri Rockovich in 2019, Jinx has now raised a total of $51.5M in total equity funding and is backed by AF Ventures, Align Ventures, Era Ventures, Range Group, and The Merchant Club.

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.

ElectroTempo – $4.0M

Arlington-based ElectroTempo is a consulting firm offering fleet electrification strategy, equipment, and infrastructure advisory services for companies. Founded by Patrick Finch and Yanzhi (Ann) Xu in 2020, ElectroTempo has now raised a total of $5.0M in total equity funding and is backed by Buoyant Ventures, Schematic Ventures, and ZEBOX Ventures.

Toothio – $4.0M

Scottsdale-based Toothio is revolutionizing the dental staffing industry by seamlessly connecting dental offices with high quality talent on-demand. Founded by Ian Prendergast in 2021, Toothio has now raised a total of $4.3M in total equity funding and is backed by Burst Capital, Craft Ventures, Moving Capital, Revere Capital, and Rho Capital Partners.

Visana Health – $10.1M

Minneapolis-based Visana Health offers a digital health program focused on improving the quality of life for women. Founded by Joe Connolly, Shelly Lanning, and Tom Morley in 2019, Visana Health has now raised a total of $12.9M in total equity funding and is backed by Flare Capital Partners, Frist Cressey Ventures, InHealth Ventures, Oxeon Partners, Pixel Perfect Ventures, and Venture Investors.

EDAC Labs – $3.0M

Baltimore-based EDAC Labs provides electrochemical production of acid and base to decarbonize the world. Founded by Brian Toll, James Lavin, and Professor Chao Wang in 2022, EDAC Labs has now raised a total of $3.0M in total equity funding and is backed by Grantham Foundation.

Teamshares – $124.0M

Brooklyn-based Teamshares is an employee ownership platform for small business. Founded by Alex Eu, Kevin Shiiba, and Michael Brown in 2019, Teamshares has now raised a total of $126.7M in total equity funding and is backed by Inspired Capital Partners, Khosla Ventures, QED Investors, Slow Ventures, Spark Capital, and Union Square Ventures.

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