The Weekly Notable Startup Funding Report: 9/19/22 – AlleyWatch

Redwood City-based Alcatraz is an AI company that leverages the enterprise access control environment by enabling touchless and secure entry. Founded by Vince Gaydarzhiev in 2016, Alcatraz AI has now raised a total of $43.1M in total equity funding and is backed by Almaz Capital, Endeavor Catalyst, European Bank for Reconstruction and Development, Golden Seeds, JCI Ventures, LDV Partners, Ray Stata, and Silverline Capital.

San Francisco-based Allocations is building a private equity & venture capital economy that is open to all Founded by Kendra Kinnison and Kingsley Advani in 2019, Allocations has now raised a total of $12.3M in total equity funding and is backed by Digital Horizon, Edoardo E. Ermotti, Flex Capital, Garage Syndicate, Genesis Accel, Peter Ko, W5 Group, and What If Ventures.

Chicago-based Atlas is a technology platform that helps companies expand across borders, onboard talent, manage compliance, and pay their global workforce Founded by Richard Hammell in 2015, Atlas has now raised a total of $220.0M in total equity funding and is backed by Guidepost Growth Equity and Sixth Street.

New York-based Diamond Standard is a regulator-approved fungible commodity for natural resource, with a built-in wireless chip for electronic trading. Founded by Cormac Kinney in 2018, Diamond Standard has now raised a total of $48.0M in total equity funding and is backed by Gaingels, Horizon Kinetics LLC, Left Lane Capital, and Republic. AlleyWatch’s exclusive coverage of this round – Diamond Standard Raises $30M to Commoditize Diamonds and Make them Investable for the First Time Ever

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Raleigh-based Diveplane develops an AI-based platform that is faster than current off-the-shelf solutions and can train on significantly less data. Founded by Chris Hazard, Michael Resnick, and Mike Capps in 2017, Diveplane has now raised a total of $34.0M in total equity funding and is backed by Calibrate Ventures, L3 Harris Technologies, Shield Capital, and Sigma Defense Systems.

New York-based Ethic operates as a tech-driven asset manager that powers the creation of investment portfolios. Founded by Doug Scott, Jay Lipman, and Johny Mair in 2015, Ethic has now raised a total of $98.8M in total equity funding and is backed by Jordan Park, Kapor Capital, Nyca Partners, Oak HC/FT, Sound Ventures, UBS, and Urban Innovation Fund.

Mountain View-based Fortanix is a multi-cloud security company that delivers security solutions for digital assets using runtime encryption. Founded by Ambuj Kumar and Anand Kashyap in 2016, Fortanix has now raised a total of $121.0M in total equity funding and is backed by Foundation Capital, Giant Leap Fund, GS Growth, In-Q-Tel, Intel Capital, and Neotribe Ventures.

San Francisco-based Goldsky is the leading platform for building web3 APIs. Founded by Jeffrey Ling and Kevin Li in 2021, Goldsky has now raised a total of $21.4M in total equity funding and is backed by 0x, Alex Xu, Dragonfly Capital Management, Elad Gil, Felicis Ventures, Mo Koyfman, Robert Leshner, Uniswap, William Hockey, Zachary Perret, and Zhuoxun Yin.

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.

Encinitas-based Hone provides effective, engaging, and scalable management training to help high-growth companies thrive. Founded by Jeremy Hamel, Savina Perez, and Tom Griffiths in 2018, Hone has now raised a total of $52.4M in total equity funding and is backed by 3L Capital, Cowboy Ventures, F-Prime Capital, Invus Opportunities, NextGen Venture Partners, SemperVirens Venture Capital, Slack Fund, and Swift Ventures.

Los Angeles-based HopSkipDrive is a vehicle for hire company focused on shuttling kids to school. Founded by Carolyn Yashari Becher, Janelle McGlothlin, and Joanna McFarland in 2014, HopSkipDrive has now raised a total of $123.8M in total equity funding and is backed by 1776 Ventures, 1843 Capital, Alumni Ventures, Cap Table Coalition, Energy Impact Partners, FirstMark, GingerBread Capital, Halogen Ventures, Keyframe Capital Partners, The Artemis Fund, Transform Capital, and Upfront Ventures. LA TechWatch broke the news in an exclusive covering the round and much more – HopSkipDrive Raises Another $37M to Modernize School Transportation

San Jose-based Litmus provides the solution to transform critical edge data into actionable intelligence that can power maintenance. Founded by Isha Sheth, John Younes, Sacha Sawaya, and Vatsal Shah in 2013, Litmus Automation has now raised a total of $40.7M in total equity funding and is backed by Belden.

Cambridge-based Lumafield is an accessible X-ray CT platform that gives engineers better insights into product development and manufacturing. Founded by Andreas Bastian, Eduardo Torrealba, Kevin Cedrone, Ric Fulop, Ricardo Bazzarella, and Scott Johnston in 2019, Lumafield has now raised a total of $67.5M in total equity funding and is backed by DataCollective, Future Shape, Kleiner Perkins, Lux Capital, and Spark Capital.

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Mercer Island-based ModusBox is a software company helping financial institutions. Founded by David Wexler in 2010, ModusBox has now raised a total of $17.5M in total equity funding and is backed by BankTech Ventures and FUSE.

Los Angeles-based Morpheus Space is an aerospace company that produces a modular and electric propulsion system for the small satellite industry. Founded by Daniel Bock and Istvan Lorinz in 2018, Morpheus Space has now raised a total of $28.0M in total equity funding and is backed by Airbus Ventures, Alpine Space Ventures, In-Q-Tel, Jackson Moses, Lavrock Ventures, Morpheus Ventures, Pallas Ventures, Techstars, and Vsquared Ventures. LA TechWatch broke the news in an exclusive covering the round and much more – Morpheus Space Raises $28M to Make Satellite Mobility in Space More Accessible

New York-based New York Shipping Exchange is a platform that unites shippers, carriers, and forwarders to revolutionize the logistics industry. Founded by Gordon Trouncer Downes and Mark Michaels in 2014, New York Shipping Exchange has now raised a total of $68.9M in total equity funding and is backed by Blumberg Capital, Collate Capital, Goldman Sachs, and NewRoad Capital Partners.

Belvedere Tiburon-based OvationCXM provides a customer experience management platform that connects technology, partner ecosystems, and customer interactions. Founded by Alan Finlay, Alfred Kahn IV, Guiseppi Marzelli, Paul Wyer, and Tim Attinger in 2014, OvationCXM has now raised a total of $44.5M in total equity funding and is backed by Capital One Ventures, CIBC Innovation Banking, JobsOhio Growth Capital Fund, Jumpstart Ventures, Keybank, Neventa Capital, Nyca Partners, Savano Capital Partners, and Telstra Ventures.

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Furlong-based PurpleLab is a healthcare provider profiling company serving the broader healthcare industry. Founded by Mark Brosso in 2016, Purple Lab has now raised a total of $43.0M in total equity funding and is backed by Edison Partners and Primus Capital Partners.

New York-based Polywork is a social networking platform that allows professionals to collaborate with eachother. Founded by Peter Johnston in 2020, Polywork has now raised a total of $44.5M in total equity funding and is backed by Andreessen Horowitz, Baron Davis, Bungalow Capital Management, Caffeinated Capital, Daniel Gross, Elad Gil, Fidji Simo, John Collison, Mariam Naficy, Maverick Carter, Nat Friedman, and Patrick Collison.

San Francisco-based Roofr is a marketplace for roofing and utilizes satellite imagery for instant roofing estimates. Founded by Kevin Redman and Richard Nelson in 2015, Roofr has now raised a total of $20.3M in total equity funding and is backed by ACE & Company, Bullpen Capital, Crosslink Capital, I2BF Global Ventures, Interplay, K5 Global, and Vertical Venture Partners.

Nashville-based Rootine is optimizing health and human performance with precision nutrition. Founded by Daniel Wallerstorfer and Rachel Soper Sanders in 2018, Rootine has now raised a total of $13.1M in total equity funding and is backed by DSM Venturing, Relevance Ventures (formerly Relevance Capital), and Techstars.

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.

Scottsdale-based MyCarrier is a transportation management platform that allows their clients to control their shipping needs directly with their carriers. Founded by Christopher Scheid and Michael R. Bookout in 2016, MyCarrier has now raised a total of $36.3M in total equity funding and is backed by Greycroft, Lerer Hippeau, and NewRoad Capital Partners.

San Francisco-based Sightfull provides a RevBI platform that assists SaaS companies. Founded by Alex Litvak and Noam Liran in 2020, Sightfull has now raised a total of $18.0M in total equity funding and is backed by Dell Technologies Capital, Norwest Venture Partners, and Tiger Global Management.

San Francisco-based Sigmoid is a Data Solutions company offering best-in-class services in Data Engineering and Data Science Founded by Lokesh Anand, Mayur Rustagi, and Rahul Singh in 2013, Sigmoid has now raised a total of $12.0M in total equity funding and is backed by Sequoia Capital India.

San Francisco-based Theom is an IT company that specializes in cloud and data security services to discover, track, and protect enterprise data. Founded by Navindra Yadav, Ravi Sankuratri, and Supreeth Rao in 2020, Theom has now raised a total of $16.4M in total equity funding and is backed by M12 – Microsoft’s Venture Fund and Ridge Ventures.

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Boston-based Tidelift makes open source software work better—for everyone. Founded by Donald Fischer, Havoc Pennington, Jeremy Katz, and Luis Villa in 2017, Tidelift has now raised a total of $73.5M in total equity funding and is backed by AEI Horizon X and Cisco Investments.

San Francisco-based Kojo is a materials procurement platform for trade and self-perform general contractors. Founded by Maria Rioumine and Ryan Gibson in 2018, Kojo has now raised a total of $83.6M in total equity funding and is backed by 8VC, AME Cloud Ventures, Battery Ventures, Bienville Capital, BoxGroup, Human Capital, Nine Four Ventures, RXR Realty, Schneider Electric, and Suffolk Construction.

San Francisco-based Patch focuses on building infrastructure for a climate-positive economy, starting with an API for carbon removal. Founded by Aaron Grunfeld and Brennan Spellacy in 2020, Patch Technologies has now raised a total of $81.5M in total equity funding and is backed by AENU, Andreessen Horowitz, Andrew Robb, B Capital Group, Blue Impact Ventures, Coatue, Contrary, Energize Ventures, Frank Slootman, GIC, My Climate Journey Collective, and Version One Ventures.

San Mateo-based Verkada is setting the new standard for cloud-managed enterprise building security. Founded by Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, and James Ren in 2016, Verkada has now raised a total of $343.9M in total equity funding and is backed by Felicis Ventures, First Round Capital, Ischyros New York, Linse Capital, Meritech Capital Partners, MSD Partners, Next47, and Sequoia Capital.

Attend “Profiting from Thought Leadership,” the one and only conference for marketing, editorial, and research professionals seeking to turn their companies’ expertise into meaningful business advantage. Learn how to design insightful research, build compelling narratives, apply scintillating data visualization techniques, and power sales & marketing.. REGISTER NOW