The Weekly Notable Startup Funding Report: 3/4/24 – AlleyWatch

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The Weekly Notable Startup Funding Report takes us on a visit throughout numerous ecosystems within the US, highlighting a number of the notable funding exercise within the numerous markets that we observe. The notable startup funding rounds for the week ending 3/2/24 that includes funding particulars for Vibe, Parspec, Inkitt, and 13 different offers representing $634M in new funding that you might want to learn about.

Axiom Cloud – $5.0M

Oakland-based Axiom Cloud offers synthetic intelligence options for industrial refrigeration. Based by Amrit Robbins in 2020, Axiom Cloud has now raised a complete of $16.0M in complete fairness funding and is backed by TOSHIBA TEC CORPORATION and WindSail Capital Group.

Coverdash – $13.5M

New York-based Coverdash is a digital enterprise insurance coverage company that gives a full suite of business insurance coverage merchandise for all startups and SMBs. Based by Avery Rubin, David Vainer, and Ralph Betesh in 2022, Coverdash has now raised a complete of $16.0M in complete fairness funding and is backed by AXIS Digital Ventures, Bling Capital, Cameron Ventures, Growth Enterprise Capital, Nyca Companions, and Tokio Marine Future Fund.

FlowGPT – $10.0M

Berkeley-based FlowGPT is an open-source AI app creator neighborhood that allows customers to combine found prompts into their initiatives. Based by Jiacheng Dang and Lifan Wang in 2023, FlowGPT has now raised a complete of $10.0M in complete fairness funding and is backed by DCM Ventures and Goodwater Capital.

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Glean – $200.0M

Palo Alto-based Glean is a search engine that focuses on serving to discover any piece of information by means of a software in any firm. Based by Arvind Jain, Piyush Prahladka, Tony Gentilcore, and TR Vishwanath in 2019, Glean has now raised a complete of $355.0M in complete fairness funding and is backed by Adams Avenue Companions, Capital One Ventures, Citi, Coatue, Databricks Ventures, Common Catalyst, ICONIQ Development, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Enterprise Companions, Sequoia Capital, and Workday Ventures.

Parspec – $11.5M

San Francisco-based Parspec is a expertise firm that makes use of AI to serve the availability chain for the constructing and development trade. Based by Forest Flager and Pratyush Havelia in 2020, Parspec has now raised a complete of $11.5M in complete fairness funding and is backed by Constructing Ventures, Heartland Ventures, Hometeam Ventures, and Innovation Endeavors.

Inkitt – $37.0M

San Francisco-based Inkitt is a data-driven writer that makes use of an algorithm based mostly on reader habits to find the following bestselling story. Based by Ali Albazaz and Lauren Burns in 2014, Inkitt has now raised a complete of $117.0M in complete fairness funding and is backed by Khosla Ventures, Kleiner Perkins, New Enterprise Associates, Redalpine, Rouven Dresselhaus, and Speedinvest.

intenseye – $64.0M

New York-based Intenseye makes use of AI for real-time video evaluation, enhancing security, detecting hazards, and bettering effectivity throughout industries. Based by Sercan Esen and Serhat Cillidag in 2018, intenseye has now raised a complete of $93.1M in complete fairness funding and is backed by Air Avenue Capital, Perception Companions, Lightspeed Enterprise Companions, and Level 9.

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Passes – $40.0M

Miami-based Passes is a monetization platform that gives instruments for creators to interact with their viewers. Based by Lucy Guo in 2022, Passes has now raised a complete of $57.0M in complete fairness funding and is backed by Summary Ventures, Alexandra Botez, Bond, Crossbeam Ventures, Emma Grede, and Jens Grede.

MoneyHash – $4.5M

San Francisco-based MoneyHash offers entry to fee and fintech providers throughout the Center East & Africa with one easy integration. Based by Anisha Sekar, Mustafa Eid, and Nader Abdelrazik in 2020, MoneyHash has now raised a complete of $7.8M in complete fairness funding and is backed by COTU Ventures, Dubai Future District Fund, RZM Investments, Sukna Ventures, and VentureFriends.

NLX – $12.0M

New York-based NLX provides platform for automating buyer experiences throughout channels with superior AI and language fashions. Based by Andrei Papancea and Vlad Papancea in 2018, NLX has now raised a complete of $21.6M in complete fairness funding and is backed by Cercano Administration, Have interaction Capital, HL Ventures, IAG Capital Companions, JetBlue Ventures, Tech Sq. Ventures, and Thayer Ventures.

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Vary Power – $23.5M

Mountain View-based Vary accelerates the electrification of business transportation with powered trailers for the heavy-duty truck market. Based by Ali Javidan in 2021, Vary Power has now raised a complete of $31.5M in complete fairness funding and is backed by R7 Companions, Trousdale Ventures, UP Companions, and Yamaha Motor Ventures.

Rhombus Techniques – $26.0M

Sacramento-based Rhombus provides a cloud-based safety digital camera system with analytics and sensible seek for companies. Based by Garrett Larsson and Omar Khan in 2016, Rhombus Techniques has now raised a complete of $50.5M in complete fairness funding and is backed by Cota Capital and Tru Arrow Companions.

Vibe – $22.5M

Chicago-based Vibe is a streaming TV promoting firm for small and medium-sized companies. Based by Arthur Querou and Franck Tetzlaff in 2021, Vibe has now raised a complete of $28.9M in complete fairness funding and is backed by Alain Roubach, Cyril Vermeulen, Elaia, Laurent Asscher, Motier Ventures, Sequoia Scout, Singular, and The Very Group.