Link to original article: The Weekly Notable Startup Funding Report: 4/15/24
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 4/13/24 featuring funding details for Leasecake, Platform Science, Alethea, and fifteen other deals representing $1.2B in new funding that you need to know about.
Cyera – $300.0M
New York-based Cyera is an AI-powered data security platform that gives enterprises deep context on their data to assure cyber-resilience and compliance. Founded by Tamar Bar-Ilan and Yotam Segev in 2021, Cyera has now raised a total of $464.5M in total equity funding and is backed by Accel, AT&T Ventures, Coatue, Cyberstarts, Georgian, Redpoint, Sequoia Capital, and Spark Capital.
FloQast – $100.0M
Sherman Oaks-based FloQast is a financial close management software designed to streamline the month-end close process for accounting teams. Founded by Cullen Zandstra and Mike Whitmire in 2013, FloQast has now raised a total of $302.9M in total equity funding and is backed by BDT & MSD Partners, ICONIQ Growth, Meritech Capital Partners, Sapphire Ventures, and WiL (World Innovation Lab).
Platform Science – $125.0M
San Diego-based Platform Science provides telematics and fleet management solutions to enhance operations and driver experiences. Founded by Jack Kennedy and Jake Fields in 2015, Platform Science has now raised a total of $308.0M in total equity funding and is backed by 8VC, Activant Capital, BDT & MSD Partners, C.R. England, Cummins, Daimler Trucks North America, Manhattan Venture Partners, NewRoad Capital Partners, PACCAR, Prologis Ventures, RyderVentures, and Schneider National.
Collaborative Robotics – $100.0M
Santa Clara-based Collaborative Robotics is building robots that help in indoor and outdoor tasks alongside humans. Founded by Brad Porter in 2022, Collaborative Robotics has now raised a total of $140.0M in total equity funding and is backed by 1984 Ventures, Bison Ventures, Calibrate Ventures, General Catalyst, Industry Ventures, Khosla Ventures, Lux Capital, Mayo Clinic, MVP Ventures, Neo, and Sequoia Capital.
Auradine – $80.0M
Santa Clara-based Auradine is a provider of web infrastructure solutions for blockchain, security, and privacy. Founded by Barun Kar, Patrick Xu, and Rajiv Khemani in 2022, Auradine has now raised a total of $151.0M in total equity funding and is backed by Celesta Capital, Marathon Digital, Maverick Capital, Mayfield Fund, MVP Ventures, StepStone Group, and Top Tier Capital Partners.
Monad – $225.0M
New York-based Monad develops a blockchain protocol that streamlines Ethereum throughput via parallel transaction processing techniques. Founded by Eunice Giarta, James Hunsaker, and Keone Hon in 2022, Monad has now raised a total of $244.0M in total equity funding and is backed by Animoca Ventures, Archetype, Castle Island Ventures, Coinbase Ventures, CoinFund, Electric Capital, Greenoaks, Paradigm, Rune Christensen, Saquon Barkley, and Will Clemente.
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Anrok – $30.0M
San Francisco-based Anrok is a sales tax solution for SaaS businesses that automates sales tax compliance across any financial stack. Founded by Kannan Goundan and Michelle Valentine in 2020, Anrok has now raised a total of $54.3M in total equity funding and is backed by Alex Estevez, David Faugno, Index Ventures, Karen Peacock, Khosla Ventures, and Sequoia Capital.
Oden Technologies – $28.5M
New York-based Oden Technologies develops a data capture and analytics platform that allows you to monitor and optimize production from any device. Founded by Peter Brand and Willem Sundblad in 2014, Oden Technologies has now raised a total of $52.7M in total equity funding and is backed by Atomico, EQT Ventures, Flat Capital, INX International Ink, Nordstjernan Growth, and Recurring Capital Partners.
Cariloop – $20.0M
Richardson-based Cariloop is a B2B company that helps families manage the care needs of loved ones by connecting them to a caregiver support platform. Founded by Michael Walsh and Steven Theesfeld in 2012, Cariloop has now raised a total of $42.7M in total equity funding and is backed by ABS Capital Partners, KCRise Fund, Noro-Moseley Partners, Patterson Thoma Family Office, and Revolution’s Rise of the Rest Seed Fund.
Yoshi – $26.0M
San Francisco-based Yoshi fills a vehicle’s tank wherever a driver wanted instead of the owner having to stop at a gas station. Founded by Bryan Frist, Dan Hunter, David Gobaud, and Nick Alexander in 2015, Yoshi has now raised a total of $90.5M in total equity funding and is backed by Bridgestone Americas, General Motors Ventures, Shikra, and Universal Motors Agencies.
Alethea – $20.0M
Washington-based Alethea is a tech company helping Fortune 500 and private companies protect themselves from disinformation and social media manipulation Founded by Lisa Kaplan in 2019, Alethea has now raised a total of $30.0M in total equity funding and is backed by Ballistic Ventures, Google Ventures, and Hakluyt Capital.
MODE – $8.8M
San Mateo-based MODE is driven to help organizations leverage their data to improve operations, safety, & efficiencies through the use of IoT & AI Founded by Ethan Kan and Gaku Ueda in 2014, MODE has now raised a total of $20.1M in total equity funding and is backed by Daiichi Jitsugyo, JR East Start Up, SBI Investment, and True Ventures.