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Augmented Reality (AR) and Virtual Try-On: Transforming Retail and Shopping Experiences

1/27/2025

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Augmented Reality (AR) and Virtual Try-On technologies have revolutionized the retail industry, transforming how customers shop and interact with products. By overlaying digital elements onto the physical world, AR enables customers to visualize products in their environment, while Virtual Try-On allows them to try on items such as clothing, accessories, and cosmetics virtually. This immersive and interactive shopping experience has redefined the retail landscape, offering customers a new level of convenience, personalization, and engagement.
One of the key benefits of AR and Virtual Try-On in retail is the ability to bridge the gap between online and offline shopping experiences. With the rise of e-commerce, many customers miss the tactile experience of trying on products before making a purchase. AR and Virtual Try-On technologies address this challenge by allowing customers to virtually try on products from the comfort of their own homes. This enhances the convenience of online shopping and reduces the likelihood of returns, as customers can make more informed purchasing decisions.
Moreover, AR and Virtual Try-On technologies enable retailers to offer more personalized and engaging shopping experiences. By leveraging AR, retailers can create interactive product demonstrations and visualizations that allow customers to see how products look and fit in real-world settings. This helps customers make more informed purchasing decisions and increases their confidence in the products they are buying. Additionally, Virtual Try-On technologies enable customers to experiment with different styles, colors, and sizes, empowering them to find the perfect fit for their preferences and body type.
Furthermore, AR and Virtual Try-On technologies drive customer engagement and brand loyalty by creating memorable and immersive shopping experiences. By offering innovative and interactive features, retailers can differentiate themselves from competitors and capture the attention of tech-savvy consumers. AR-powered product demonstrations, virtual fashion shows, and personalized recommendations help retailers stand out in a crowded marketplace and foster deeper connections with customers.
Additionally, AR and Virtual Try-On technologies have the potential to transform the way retailers showcase and market their products. By digitizing physical inventory and creating virtual showrooms, retailers can extend their reach and offer customers a wider selection of products. This not only increases the accessibility of products but also reduces overhead costs associated with maintaining physical stores and inventory.
However, while AR and Virtual Try-On technologies offer numerous benefits, they also present challenges and considerations for retailers. From technical implementation and integration to user adoption and customer privacy concerns, retailers must carefully navigate the complexities of deploying these technologies effectively. Additionally, as AR and Virtual Try-On evolve, retailers must stay abreast of emerging trends and innovations to remain competitive in the ever-changing retail landscape.
In conclusion, Augmented Reality (AR) and Virtual Try-On technologies are transforming the retail industry by offering customers immersive, personalized, and engaging shopping experiences. From bridging the gap between online and offline shopping to driving customer engagement and brand loyalty, AR and Virtual Try-On technologies are reshaping how customers interact with products and brands. With continued innovation and investment, these technologies can potentially revolutionize the future of retail and shopping experiences.
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The 12 Largest US Funding Rounds of September 2024

10/22/2024

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Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds for September 2024. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



12. Harmonic $75.0M

Round: Series A
Description: Palo Alto-based Harmonic develops mathematical reasoning engine designed to tackle complex mathematical problems using AI technology. Founded by Tudor Achim and Vlad Tenev in 2023, Harmonic has now raised a total of $75.0M in total equity funding and is backed by Sequoia Capital, Blossom Capital, Index Ventures, DST Global, and TIBAS Ventures.
Investors in the round: Blossom Capital, DST Global, Elefund, Era, GreatPoint Ventures, Index Ventures, Jared Leto, Nikesh Arora, Sequoia Capital, TIBAS Ventures
Industry: Artificial Intelligence (AI), EdTech, Software
Founders: Tudor Achim, Vlad Tenev
Founding year: 2023
Location: Palo Alto
Total equity funding raised: $75.0M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



12. Forterra $75.0M

Round: Series B
Description: Clarksburg-based Forterra develops autonomous systems for ground-based movement focusing on defense and industrial use. Founded by Alberto Lacaze in 2002, Forterra has now raised a total of $75.0M in total equity funding and is backed by XYZ Venture Capital, Moore Strategic Ventures, Hedosophia, Enlightenment Capital, and Standard Investments.
Investors in the round: Crescent Cove Advisors, Enlightenment Capital, Four More Capital, Hedosophia, Moore Strategic Ventures, Standard Investments, XYZ Venture Capital
Industry: Automotive, Autonomous Vehicles, Military
Founders: Alberto Lacaze
Founding year: 2002
Location: Clarksburg
Total equity funding raised: $75.0M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



12. Centivo $75.0M

Round: Venture
Description: Buffalo-based Centivo offers a digital health plan aimed at self-funded employers looking to provide employees with care. Founded by Alan Cohen, Ashok Subramanian, Boris Khomut, Jordan Silvergleid, Ruth Berkowitz, Stuart Roth, and Tahasin Alam in 2017, Centivo has now raised a total of $226.4M in total equity funding and is backed by Trinity Capital, Alumni Ventures, Cox Enterprises, Bessemer Venture Partners, and F-Prime Capital.
Investors in the round: B Capital, Cone Health Ventures, Cox Enterprises, F-Prime Capital, Ingleside Investors, MemorialCare Innovation Fund
Industry: Health Care, Information Technology, Medical
Founders: Alan Cohen, Ashok Subramanian, Boris Khomut, Jordan Silvergleid, Ruth Berkowitz, Stuart Roth, Tahasin Alam
Founding year: 2017
Location: Buffalo
Total equity funding raised: $226.4M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



11. UJET $76.0M

Round: Series D
Description: San Francisco-based UJET is a cloud-based contact center platform that provides mobile and AI-powered solutions for managing customer service operations. Founded by Anand Janefalkar and Hisun Kim in 2015, UJET has now raised a total of $176.6M in total equity funding and is backed by KeyBank, Google Ventures, Relay Ventures, DCM Ventures, and Citi Ventures.
Investors in the round: Citi Ventures, DCM Ventures, Ericsson Ventures, Google Ventures, Ion Pacific, KeyBank, Kleiner Perkins, Sapphire Ventures
Industry: Artificial Intelligence (AI), Cloud Data Services, Information Technology, Software
Founders: Anand Janefalkar, Hisun Kim
Founding year: 2015
Location: San Francisco
Total equity funding raised: $176.6M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



10. Supabase $80.0M

Round: Series C
Description: San Francisco-based Supabase is an open-source Firebase alternative that provides a full PostgreSQL database. Founded by Anthony Wilson and Paul Copplestone in 2020, Supabase has now raised a total of $196.1M in total equity funding and is backed by Y Combinator, Lightspeed Venture Partners, Peak XV Partners, Coatue, and Felicis.
Investors in the round: Avra Capital, Coatue, Craft Ventures, Felicis, Peak XV Partners, Y Combinator
Industry: Artificial Intelligence (AI), Database, Developer Tools, Information Services, Information Technology, Software
Founders: Anthony Wilson, Paul Copplestone
Founding year: 2020
Location: San Francisco
Total equity funding raised: $196.1M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



10. Vero Networks $80.0M

Round: Venture
Description: Boulder-based Vero Networks provides fiber optic services, focusing on building and operating fiber networks for internet and data connectivity. Founded by Greg Friedman, Gregg Strumberger, John Real, and Zach Nebergall in 2017, Vero Networks has now raised a total of $92.0M in total equity funding and is backed by Hamilton Lane and Delta-v Capital.
Investors in the round: Delta-v Capital, Hamilton Lane
Industry: Information Technology, Internet, Telecommunications, Wireless
Founders: Greg Friedman, Gregg Strumberger, John Real, Zach Nebergall
Founding year: 2017
Location: Boulder
Total equity funding raised: $92.0M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



9. 6K $82.0M

Round: Series E
Description: North Andover-based 6K develops materials into products for the manufacturing, renewable energy, aerospace, and consumer electronics industries. Founded by Aaron Bent in 2014, 6K has now raised a total of $259.9M in total equity funding and is backed by US Department of Energy, Energy Impact Partners, Albemarle, HG Ventures, and Anzu Partners.
Investors in the round: Anzu Partners, Energy Impact Partners, LaunchCapital, Material Impact, Volta Energy Technologies
Industry: Industrial Manufacturing, Machinery Manufacturing, Nanotechnology
Founders: Aaron Bent
Founding year: 2014
Location: North Andover
Total equity funding raised: $259.9M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



8. 24M Technologies $87.0M

Round: Series H
Description: Cambridge-based 24M Technologies develops energy storage systems for grid and transportation applications. Founded by Throop Wilder, W. Craig Carter, and Yet-Ming Chiang in 2010, 24M Technologies has now raised a total of $181.6M in total equity funding and is backed by US Department of Energy, CRV, ARPA-E, Mirai Creation Fund, and Nuovo Plus.
Investors in the round: Asahi Kasei, Dai Nippon Printing, Kyocera, Lucas TVS, Mitsui O.S.K. Lines, Nuovo Plus
Industry: Battery, Energy Storage, Manufacturing
Founders: Throop Wilder, W. Craig Carter, Yet-Ming Chiang
Founding year: 2010
Location: Cambridge
Total equity funding raised: $181.6M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



7. Rentberry $90.0M

Round: Series A
Description: San Francisco-based Rentberry is a rental service platform that provides rental and price negotiation services to tenants and landlords. Founded by Lily Ostapchuk and Oleksiy Lubinsky in 2015, Rentberry has now raised a total of $124.0M in total equity funding and is backed by Srikant Inampudi, GTM Capital, Sunmeet Jolly, 808 Ventures, and Bay Wharf Capital.
Investors in the round: Berkeley Hills Capital, GTM Capital
Industry: Property Management, Real Estate, Rental, Residential
Founders: Lily Ostapchuk, Oleksiy Lubinsky
Founding year: 2015
Location: San Francisco
Total equity funding raised: $124.0M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



6. Whatfix $125.0M

Round: Series E
Description: San Jose-based Whatfix provides GenAI-powered in-app guidance, simulated training, and application analytics to support end-users in using digital tools. Founded by Khadim Batti and Varakumar Namburu in 2014, Whatfix has now raised a total of $264.5M in total equity funding and is backed by Warburg Pincus, Sequoia Capital, Peak XV Partners, GSF, and F-Prime Capital.
Investors in the round: SoftBank Vision Fund, Warburg Pincus
Industry: Enterprise Applications, Information Technology, InsurTech, Training
Founders: Khadim Batti, Varakumar Namburu
Founding year: 2014
Location: San Jose
Total equity funding raised: $264.5M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



5. Zap Energy $130.0M

Round: Series D
Description: Everett-based Zap Energy is developing compact fusion power that doesn’t require magnets or lasers. Founded by Benj Conway, Brian Nelson, and Uri Shumlak in 2017, Zap Energy has now raised a total of $324.0M in total equity funding and is backed by Plynth Energy, US Department of Energy, Lowercarbon Capital, Breakthrough Energy Ventures, and DCVC.
Investors in the round: BAM Elevate, Breakthrough Energy Ventures, Chevron Technology Ventures, DCVC, Emerson Collective, Energy Impact Partners, Lowercarbon Capital, Mizuho Financial Group, Plynth Energy, Shell Ventures, Soros Fund Management, Valor Equity Partners, Xplor Ventures
Industry: Clean Energy, CleanTech, Energy, Renewable Energy
Founders: Benj Conway, Brian Nelson, Uri Shumlak
Founding year: 2017
Location: Everett
Total equity funding raised: $324.0M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



5. AtoB $130.0M

Round: Series C
Description: San Francisco-based AtoB is a technology company building payments infrastructure for the transportation industry. Founded by Harshita Arora, Tushar Misra, and Vignan Velivela in 2019, AtoB has now raised a total of $232.0M in total equity funding and is backed by Mastercard, General Catalyst, Y Combinator, Elad Gil, and Naval Ravikant.
Investors in the round: Bloomberg Beta, General Catalyst, Mastercard
Industry: FinTech, Payments, Sustainability, Transportation
Founders: Harshita Arora, Tushar Misra, Vignan Velivela
Founding year: 2019
Location: San Francisco
Total equity funding raised: $232.0M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



4. Engine $140.0M

Round: Series C
Description: Denver-based Engine is the modern travel platform for booking and managing business trips. Founded by Elia Wallen in 2018, Engine has now raised a total of $221.0M in total equity funding and is backed by Permira, Blackstone Group, and Telescope Partners.
Investors in the round: Permira
Industry: Business Travel, Hospitality, Hotel, Travel
Founders: Elia Wallen
Founding year: 2018
Location: Denver
Total equity funding raised: $221.0M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



3. World Labs $230.0M

Round: Venture
Description: San Francisco-based World Labs develops AI models with spatial intelligence for 3D world perception and interaction. Founded by Ben Mildenhall, Christoph Lassner, Fei-Fei Li, and Justin Johnson in 2024, World Labs has now raised a total of $230.0M in total equity funding and is backed by Andreessen Horowitz, Radical Ventures, Intel Capital, NVentures, and New Enterprise Associates.
Investors in the round: Adobe Ventures, AMD Ventures, Andreessen Horowitz, Andrej Karpathy, Anne Wojcicki, Ashton Kutcher, Databricks Ventures, Eric Schmidt, Geoffrey Hinton, Intel Capital, Jeff Dean, Jim Breyer, Marc Benioff, New Enterprise Associates, NVentures, Radical Ventures, Ram Shriram, Reid Hoffman, Ronald Conway, Shinrai Investments, Susan Wojcicki
Industry: 3D Technology, Artificial Intelligence (AI), Information Technology
Founders: Ben Mildenhall, Christoph Lassner, Fei-Fei Li, Justin Johnson
Founding year: 2024
Location: San Francisco
Total equity funding raised: $230.0M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



2. Glean $260.0M

Round: Series E
Description: Palo Alto-based Glean develops an AI-based search engine software that connects enterprise data and generates answers through a tool in any company. Founded by Arvind Jain, Piyush Prahladka, Tony Gentilcore, and TR Vishwanath in 2019, Glean has now raised a total of $618.2M in total equity funding and is backed by Citi, Sequoia Capital, General Catalyst, Lightspeed Venture Partners, and Workday Ventures.
Investors in the round: Altimeter, Coatue, Craft Ventures, DST Global, General Catalyst, ICONIQ Growth, IVP, Kleiner Perkins, Latitude Capital, Lightspeed Venture Partners, Sapphire Ventures, Sequoia Capital, SoftBank Vision Fund
Industry: Artificial Intelligence (AI), Generative AI, Machine Learning, SaaS, Search Engine
Founders: Arvind Jain, Piyush Prahladka, Tony Gentilcore, TR Vishwanath
Founding year: 2019
Location: Palo Alto
Total equity funding raised: $618.2M


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.



1. Safe Superintelligence $1.0B

Round: Series A
Description: Palo Alto-based Safe Superintelligence is an artificial intelligence research lab that solves the technical challenge of building superhuman intelligence. Founded by Daniel Gross, Daniel Levy, and Ilya Sutskever in 2024, Safe Superintelligence has now raised a total of $1.0B in total equity funding and is backed by Andreessen Horowitz, Sequoia Capital, DST Global, SV Angel, and NFDG Ventures.
Investors in the round: Andreessen Horowitz, DST Global, NFDG Ventures, Sequoia Capital, SV Angel
Industry: Artificial Intelligence (AI), Information Technology, Software, Software Engineering
Founders: Daniel Gross, Daniel Levy, Ilya Sutskever
Founding year: 2024
Location: Palo Alto
Total equity funding raised: $1.0B


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key influencers in the global business community and beyond. Find out how to partner with us to drive a return on your marketing investment here.




via Startups – AlleyWatch https://ift.tt/rxECyv3
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The Weekly Notable Startup Funding Report: 10/21/24

10/21/2024

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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 10/19/24 featuring funding details for Decagon, Herald, Liminal, and twenty-three other deals representing $2.0B in new funding that you need to know about.


Hello Cake – $18.0M

Los Angeles-based Hello Cake is a sexual health and wellness brand that offers a line of prescription medication, supplements, lubricants, and devices. Founded by Hunter Morris and Mitchell Orkis in 2018, Hello Cake has now raised a total of $31.4M in total equity funding and is backed by AF Ventures, Silas Capital, and Strand Equity Partners.


Agtonomy – $10.0M

San Francisco-based Agtonomy is a hybrid autonomy and tele-assist platform that specializes in advanced autonomous and AI solutions for agriculture. Founded by Tim Bucher and Valerie Syme in 2021, Agtonomy has now raised a total of $55.0M in total equity funding and is backed by Allison Transmission Holdings, Autotech Ventures, Black Forest Accelerator, Cavallo Ventures, Flybridge, Rethink Food, and Toyota Ventures.


Azra Games – $42.7M

Sacramento-based Azra Games is a blockchain-based developer of collectible and combat games. Founded by Mark Otero, Sonny Mayugba, and Travis Boudreaux in 2022, Azra Games has now raised a total of $67.7M in total equity funding and is backed by a16z crypto, Andreessen Horowitz, NFX, and Pantera Capital.


Everstage – $30.0M

New York-based Everstage is a no-code commissions automation tool that provides a sales management platform for companies. Founded by Siva Rajamani and Vivek Suriyamoorthy in 2020, Everstage has now raised a total of $44.7M in total equity funding and is backed by 3one4 Capital, Eight Roads Ventures India, and Elevation Capital.


Liminal – $10.0M

Emeryville-based Liminal operates as a battery manufacturing intelligence provider that utilizes data and analytics. Founded by Andrew Hsieh, Barry Van Tassell, Daniel Steingart, and Shaurjo Biswas in 2015, Liminal has now raised a total of $37.5M in total equity funding and is backed by ArcTern Ventures, Chailease Holding, Chrysalix Venture Capital, Ecosystem Integrity Fund, Good Growth Capital, LG Technology Ventures, and UTEC – The University of Tokyo Edge Capital Partners.


Forge Nano – $10.0M

Louisville-based Forge Nano is a materials science company that uses proprietary nano-coating tech, Atomic Armor, to transform material engineering. Founded by David King and Paul Lichty in 2011, Forge Nano has now raised a total of $82.8M in total equity funding and is backed by GM Ventures.


Healthie – $23.0M

New York-based Healthie offers infrastructure for next gen digital health companies that offer virtual-first care. API-First EHR & Client Engagement. Founded by Cavan Klinsky and Erica Jain in 2016, Healthie has now raised a total of $40.9M in total equity funding and is backed by Birchmere Ventures, GreyMatter, TCV, Velvet Sea Ventures, and Watershed Capital.


Skimmer – $74.0M

Austin-based Skimmer is an IT company that specializes in pool service software and pool services. Founded by Ryan Hash in 2014, Skimmer has now raised a total of $79.0M in total equity funding and is backed by Mainsail Partners.


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.


Herald – $12.0M

Boston-based Herald builds digital infrastructure for commercial insurance. Founded by Duncan Crystal and Matt Antoszyk in 2021, Herald has now raised a total of $20.0M in total equity funding and is backed by Afore Capital, Brewer Lane Ventures, Lightspeed Venture Partners, and Underscore VC.


INSHUR – $19.0M

New York-based INSHUR is a digital insurance platform that provides auto insurance to drivers and fleet owners. Founded by Dan Bratshpis, David Daiches, Mathew Donfrancesco, Matthew Tomlinson, and Richard Anderson in 2016, INSHUR has now raised a total of $79.6M in total equity funding and is backed by MS&AD Ventures and Viola Growth.


MDisrupt – $1.0M

San Jose-based MDisrupt the premier health expert marketplace for the healthtech and life sciences industries. Founded by Ragan Hart and Ruby Gadelrab in 2019, MDisrupt has now raised a total of $10.0M in total equity funding and is backed by American Heart Association Ventures.


Oshi Health – $60.0M

New York-based Oshi Health is a digital health platform that provides personalized support and resources for people with digestive health conditions. Founded by Sam Holliday, Sameer Berry, and Sona Chandra in 2019, Oshi Health has now raised a total of $119.5M in total equity funding and is backed by Bessemer Venture Partners, CVS Health Ventures, Flare Capital Partners, Frist Cressey Ventures, Oak HC/FT, and Takeda Digital Ventures.


Path Robotics – $100.0M

Columbus-based Path Robotics offers robotic welding systems to improve manufacturing efficiency. Founded by Alex Lonsberry, Andrew Lonsberry, Ken Lonsberry, and Matthew Klein in 2014, Path Robotics has now raised a total of $271.0M in total equity funding and is backed by Addition, Basis Set Ventures, Catapult Ventures, Drive Capital, Gaingels, Matter Venture Partners, MediaTek, Taiwania Capital Management Corporation, Tiger Global Management, and Yamaha Motor Ventures.


Perry Weather – $15.0M

Dallas-based Perry Weather is an weather technology firm with a SaaS supported concentration and complementing propriety hardware. Founded by Colin Perry in 2013, Perry Weather has now raised a total of $21.3M in total equity funding and is backed by Arthur Ventures.


REsurety – $32.0M

Boston-based REsurety is a provider of risk management and software products to the buyers and sellers of clean energy. Founded by Kenneth Westrick and Lee Taylor in 2012, REsurety has now raised a total of $49.3M in total equity funding and is backed by Angeleno Group, Citi, and S2G Ventures.


Yellow Card – $33.0M

Atlanta-based Yellow Card facilitates buying and selling Stablecoins through local currency transactions. Founded by Chris Maurice, Justin Poiroux, and Munachimso Ogueke in 2016, Yellow Card has now raised a total of $89.5M in total equity funding and is backed by Block, Inc., Blockchain Capital, Blockchain Coinvestors, Castle Island Ventures, Galaxy Ventures, Hutt Capital, Polychain, Third Prime, and Winklevoss Capital.


Capacity – $26.0M

Saint Louis-based Capacity is an AI-powered helpdesk that automates support for customers and employees. Founded by Chris Sims and David Karandish in 2017, Capacity has now raised a total of $87.5M in total equity funding and is backed by Toloka.vc and TVC Capital.



Yellow Card – $33.0M

Atlanta-based Yellow Card facilitates buying and selling Stablecoins through local currency transactions. Founded by Chris Maurice, Justin Poiroux, and Munachimso Ogueke in 2016, Yellow Card has now raised a total of $89.5M in total equity funding and is backed by Block, Inc., Blockchain Capital, Blockchain Coinvestors, Castle Island Ventures, Galaxy Ventures, Hutt Capital, Polychain, Third Prime, and Winklevoss Capital. –


Lightmatter – $400.0M

Mountain View-based Lightmatter changes chip architecture, powering faster, energy-efficient computing with photonic processors for sustainable AI advancement. Founded by Darius Bunandar, Nicholas Harris, and Thomas Graham in 2017, Lightmatter has now raised a total of $822.0M in total equity funding and is backed by Fidelity, Google Ventures, and T. Rowe Price.


X-energy – $500.0M

Rockville-based X-energy is a developer of advanced modular nuclear reactors and fuel technology for clean energy generation. Founded by Kam Ghaffarian in 2009, X-energy has now raised a total of $735.0M in total equity funding and is backed by Ares Management, Climate Pledge Fund, Kenneth Griffin, NGP Energy Capital Management, and University of Michigan.


Decagon – $65.0M

San Francisco-based Decagon creates generative AI for building customer service agents that work much more like humans. Founded by Ashwin Sreenivas and Jesse Zhang in 2023, Decagon has now raised a total of $100.0M in total equity funding and is backed by A* Capital, Accel, ACME Capital, Bain Capital Ventures, Bond, and Elad Gil.


ForceMetrics – $22.0M

Denver-based ForceMetrics is a people performance analytics platform that analyzes specific datasets to produce actionable insights. Founded by Andre McGregor, Chris Kersulic, Jason Truppi, and Shane McGregor in 2020, ForceMetrics has now raised a total of $22.0M in total equity funding and is backed by Costanoa Ventures, Flybridge, Govtech Fund, Growth Warrior Capital, Hobson Lucas Family Foundation, and Stand Together Ventures Lab.


Xscape Photonics – $44.0M

New York-based Xscape Photonics provides photonic chips for high-speed connections in high-performance computing systems and data centers. Founded by Alexander Gaeta, Vivek Raghunathan, and Yoshi Okawachi in 2022, Xscape Photonics has now raised a total of $57.0M in total equity funding and is backed by Altair, Cisco Investments, Fathom Fund, IAG Capital Partners, Kyra Ventures, LifeX Ventures, NVIDIA, and OUP (Osage University Partners).


Horizon Surgical Systems – $30.0M

Malibu-based Horizon Surgical Systems develops AI-driven, imaging-guided surgical robotics for microsurgery. Founded by Jacob Rosen and Jean-Pierre Hubschman in 2021, Horizon Surgical Systems has now raised a total of $30.0M in total equity funding and is backed by ExSight Ventures, Main Street Advisors, and Regents of the University of California.


Neuron7.ai – $44.0M

San Jose-based Neuron7.ai is a service Intelligence platform that enables companies to deliver crucial service outcomes. Founded by Niken Patel in 2020, Neuron7.ai has now raised a total of $58.2M in total equity funding and is backed by Battery Ventures, Nexus Venture Partners, ServiceNow Ventures, and Smith Point Capital.


Koloma – $50.0M

Denver-based Koloma is a geologic hydrogen company that leverages technology and data to identify and commercialize geologic hydrogen resources. Founded by Paulie Harraka, Pete Johnson, and Tom Darrah in 2021, Koloma has now raised a total of $356.4M in total equity funding and is backed by Mitsubishi Heavy Industries and Osaka Gas.


Splitero – $300.0M

San Diego-based Splitero is to provide homeowners with better options to access home equity without new debt or additional monthly payments. Founded by David Zvaifler and Michael Gifford in 2021, Splitero has now raised a total of $317.5M in total equity funding and is backed by Antarctica Capital.


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The September 2024 US Venture Capital Funding Report

10/17/2024

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Today, I take a look at the state of venture capital and seed funding for September nationally, where close to $7.5B was invested into US startups. Analyzing some publicly available data from our friends at CrunchBase, we break down the aggregate statistics for all funding deals by stage of funding (Early Stage [Angel, Pre-Seed, Seed], Series A, Series B, and Late Stage [Series C+]).


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech), TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the business community and beyond. Find out more here.



The average early-stage round in the US for September was $3.4MTweet This
The median early-stage round in the US for September was $2.5MTweet This
$837.8M was invested across early stages rounds in the US in SeptemberTweet This


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech), TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the business community and beyond. Find out more here.



The average Series A round in the US for September was $22.1MTweet This
The median Series A round in the US for September was $10.0MTweet This
$2.5B was invested across Series A rounds in the US in SeptemberTweet This


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech), TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the business community and beyond. Find out more here.



The average Series B round in the US for September was $24.2MTweet This
The median Series B round in the US for September was $20.0MTweet This
$1.2B was invested across Series B rounds in the US in SeptemberTweet This


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech), TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the business community and beyond. Find out more here.



The average late-stage round in the US for September was $67.8MTweet This
The median late-stage round in the US for September was $51.5MTweet This
$2.8B was invested across Series C+ rounds in the US in SeptemberTweet This


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech), TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the business community and beyond. Find out more here.



$7.4B was invested in startups in September in the US across 448 dealsTweet This
US VC funding in September was -21.6% from last month and -21.1% from the same period last yearTweet This


The TechWatch Media Group audience is driving progress and innovation on a global scale. With its regional media properties (NYC Tech, LA Tech, London Tech), TechWatch Media Group is the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the business community and beyond. Find out more here.




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Balancing Profit and Purpose: How to Build a Socially Responsible Business

10/17/2024

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Picture
In today’s rapidly changing world, businesses increasingly recognize the importance of balancing profit with purpose. A socially responsible business seeks financial success and strives to impact society and the environment positively. This blog post will explore balancing profit and purpose and provide actionable strategies for building a socially responsible business.
Understanding Social Responsibility:Social responsibility refers to the ethical obligation of businesses to consider the well-being of society and the environment in their operations and decision-making processes. It encompasses various initiatives to address social, environmental, and economic issues, such as poverty alleviation, environmental conservation, and community development.
Building a socially responsible business involves integrating social and environmental considerations into every aspect of the business, from sourcing materials and manufacturing processes to marketing strategies and employee relations. By aligning business objectives with broader societal goals, socially responsible businesses can create value for all stakeholders, including customers, employees, communities, and shareholders.
Strategies for Building a Socially Responsible Business:Now, let’s explore some actionable strategies for building a socially responsible business:
  • Define Your Purpose and Values: Start by defining your business’s purpose and values, articulating why you exist beyond making a profit. Consider the social and environmental issues most relevant to your business and stakeholders, and identify how you can contribute to positive change in these areas.
  • Integrate Sustainability into Operations: Embed sustainability into every aspect of your business operations, from sourcing raw materials and energy-efficient manufacturing processes to reducing waste and carbon emissions. Adopt sustainable practices and technologies that minimize environmental impact and promote resource conservation.
  • Prioritize Stakeholder Engagement: Engage with stakeholders, including customers, employees, suppliers, and local communities, to understand their needs, concerns, and expectations. Involve stakeholders in decision-making processes, seek their input on social and environmental initiatives, and communicate transparently about your efforts and progress.
  • Support Social Causes and Initiatives: Invest in social causes and initiatives that align with your business’s values and mission. Whether it’s supporting local charities, volunteering in community projects, or donating a percentage of profits to social causes, find ways to give back to society and positively impact the communities you serve.
  • Foster a Purpose-Driven Culture: Cultivate a purpose-driven culture within your organization that empowers employees to make a difference and contribute to meaningful change.
  • Provide opportunities for employees to participate in volunteer activities, sustainability initiatives, and social impact projects that align with their interests and values.
  • Measure and Report Impact: Establish key performance indicators (KPIs) and metrics to measure your business’s social and environmental impact. Track progress against these metrics, evaluate the effectiveness of your initiatives, and report transparently on your performance to stakeholders.
Conclusion:Balancing profit and purpose is possible and essential for building a sustainable and resilient business in today’s increasingly interconnected world. By integrating social and environmental considerations into business operations and decision-making processes, companies can create value for society while driving long-term financial success. Whether you’re a startup or an established company, embracing social responsibility is a moral imperative and a strategic advantage that can differentiate your business, attract customers and talent, and build trust and loyalty with stakeholders. By adopting the strategies outlined in this blog post and committing to making a positive impact, you can create a socially responsible business contributing to a more sustainable and equitable future for all.
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Prime Security Raises $6M for its AI-Powered Proactive Approach to Software Development and Security

10/17/2024

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95% of planned development tasks are not properly assessed for security risk. Addressing security early in the design phase is far more cost-effective than fixing vulnerabilities later. Retrofitting security measures into existing software can be complex and expensive.  Prime Security is an AI-powered platform that integrates security directly in the design phase of software development.  By detecting, prioritizing, and mitigating security risks at the initial stages of development, the platform leads to improved architecture as data flows, access controls, and system interactions are scrutinized from the onset, keeping security and engineering teams on the same page.  With Prime Security, every engineering task prompts an automated security review that identifies and prioritizes risks while generating security requirements to mitigate such risks based on internal policies or industry frameworks. The platform just emerged from private beta and has been in use at organizations like Snap Finance, Qualtrics, CIBT, Thoughtspot, and Redox.

AlleyWatch caught up with Prime Security CEO and Cofounder Michael Nov to learn more about the inspiration for the business, the company’s strategic plans, recent round of funding, and much, much more…

Who were your investors and how much did you raise?
We recently completed a seed funding round, raising $6M. The round was led by Foundation Capital with participation from Flybridge Capital Partners. We also had the privilege of gaining support from several prominent angel investors, including Sam Gutmann, Adrian Kunzle, Dimitri Sirota, Michael Callahan, and Assaf Keren. The funding will be used to accelerate research and development and to expand sales and engineering teams in our Tel-Aviv and New York offices.

Tell us about the product or service that Prime Security offers.
Prime Security offers an AI-powered solution that integrates security into the design phase of software development. Our platform proactively identifies security and compliance risks early on, providing detailed context interpretations and tailored risk mitigation recommendations. This not only secures the software development lifecycle (SDLC) but also enhances product velocity by addressing security concerns before they become more costly issues later in the process.

What inspired the start of Prime Security?
Prime Security was born from a shared frustration we faced as Technical and Security leaders: the friction between security and engineering teams was constantly slowing down product velocity and innovation. While many tools secure the SDLC during coding, the design stage—the earliest and most impactful phase—remained manual and time-consuming. The absence of scalable tools to monitor and mitigate risks during the design stage of development was a significant gap. With advancements in Generative AI, we saw an opportunity to create a solution that addresses these challenges effectively.

How is Prime Security different?
Prime Security’s differentiation lies in its exceptional team and innovative product approach. Our team is composed of seasoned professionals with extensive backgrounds in security and AI, each bringing a wealth of knowledge and practical experience to the table.
Beyond that, we believe that our product approach is very unique and pragmatic compared to the others in the industry. Our product strategy centers on Jira tickets rather than traditional long-form documents. This Jira-centric design allows for a structured and coherent development planning process, enabling granular risk identification and tailored recommendations.

What market does Prime Security target and how big is it?

We target enterprises ranging from mid-market to large organizations with existing application security or product security teams. Our solution is applicable across industries and is particularly beneficial for organizations in the finance and technology sectors. The broader market for cybersecurity solutions is vast, with increasing demand for integrated security measures across all stages of development.

What’s your business model?

We sell software as a service.

What’s your favorite fall destination in and around the city?

Central Park Zoo with the kids.


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Plural Raises $4M to Simplify Enterprise Kubernetes Operations

10/15/2024

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Kubernetes has emerged as the go-to solution for containerized application deployment and scaling. However, as organizations expand their Kubernetes adoption, they often face challenges in managing multiple clusters efficiently. Plural addresses this pain point by offering a robust Kubernetes fleet management platform tailored for enterprise needs. Plural empowers businesses to centralize control over their Kubernetes environments, enabling consistent policy application, streamlined configuration management, and coordinated updates across multiple clusters. The platform breaks down barriers to Kubernetes adoption, making it accessible to engineers of all skill levels and eliminating the need for specialized resources dedicated solely to infrastructure management. With its lightweight, self-hosted architecture, Plural seamlessly integrates into any Kubernetes distribution or cloud environment. This flexibility allows organizations to leverage their existing infrastructure investments while gaining the benefits of centralized fleet management. Organizations implementing Plural have reported an 88% reduction in operational costs and a remarkable 95% decrease in day-2 operations while engineering teams have experienced a 50% increase in available bandwidth, allowing them to focus on core business initiatives rather than infrastructure maintenance.

AlleyWatch caught up with Plural CEO Sam Weaver to learn more about the inspiration for the business, the company’s strategic plans, recent round of funding, and much, much more…

Who were your investors and how much did you raise?

We raised a $4M Seed prime round. Investors include Primary Venture Partners, SignalFire, Company Ventures, Irregular Expressions, and Susa Ventures.

Tell us about the product or service that Plural offers.

Plural is a self-hosted Kubernetes fleet management platform that provides a single pane of glass for managing multiple clusters and automating upgrades, complete with enterprise-grade security features. Our solution helps DevOps and platform engineering teams automate and streamline the lifecycle management of Kubernetes fleets, making Kubernetes accessible to engineers of all skill levels by reducing painful day 2 operational challenges.

What inspired the start of Plural?

The inspiration for Plural came from our own struggles with managing Kubernetes at scale. Back in 2021, my cofounder Michael Guarino and I were building infrastructure to simplify the deployment of open source applications on Kubernetes. As we dove deeper into this work, we found ourselves spending an inordinate amount of time on cluster maintenance and using tons of fragmented tooling. It became clear that while Kubernetes was powerful, managing it at scale was a significant challenge that existing tools weren’t adequately addressing.

This realization was a lightbulb moment. We saw an opportunity to create something that could dramatically reduce the operational overhead of Kubernetes and make it accessible to engineers of all skill levels. Drawing from our previous experience we evolved Plural from its initial concept into a comprehensive fleet management platform. Our goal became not just to create another Kubernetes tool, but to fundamentally transform how organizations approach Kubernetes at scale. We wanted to free up engineering resources from the complexities of infrastructure management, allowing teams to focus on innovation and building great products. That’s the vision that continues to drive us at Plural today.

How is Plural different?

Plural stands out by offering a powerful self-hosted solution that allows organizations to maintain control over their data while benefiting from advanced management capabilities. Our platform is designed to be lightweight, extensible, and developer-friendly, working with enterprises from day one to ensure workflows can be modeled without forcing conformity to inflexible patterns. The product offers features like automated dependency management, version compatibility matrices, and support for air-gapped deployments, which are crucial for highly regulated industries.

What market does Plural target and how big is it?

Plural targets enterprises with large Kubernetes footprints, particularly in industries like financial services, healthcare, and technology. Our ideal customers are organizations managing 30+ Kubernetes clusters across multiple environments. The market for Kubernetes management solutions is a multi-billion dollar opportunity and rapidly growing as more companies adopt containerization and microservices architectures, which is also being driven by AI and edge computing.

What’s your business model?

We operate on a subscription-based model, charging per Kubernetes cluster deployed. This allows our customers to efficiently manage costs as they scale up their operations. We offer volume discounts for larger deployments and offer implementation and support services too.

How are you preparing for a potential economic slowdown?

The raise puts us in a really strong position to go and execute on our business goals. We’ve grown the team diligently, and maintaining a lean, but high velocity team moving forward. We’re focused on delivering measurable value and ROI to our customers, which becomes even more critical during economic uncertainties. By helping organizations significantly reduce operational costs and improve efficiency in their Kubernetes management, we position ourselves as a solution that can help companies optimize their infra spend.

What was the funding process like?

Super positive, with strong interest from investors who recognize Kubernetes is the gold standard in the enterprise, but the existing ecosystem is super complex and fragmented. We were able to secure commitments from incredible firms that have a track record of supporting successful enterprise software companies.

What are the biggest challenges that you faced while raising capital?

As a seed-stage company in a complex technical space, one of our main challenges was effectively communicating the complexity our platform solves to investors who might not be deeply familiar with Kubernetes and its challenges. Luckily we met with some incredible partners at firms with infra experience. Once we walked through the product, we focused on highlighting real-world use cases and the significant ROI our early customers were experiencing.

What factors about your business led your investors to write the check?

Our investors were impressed by several factors:

  1. Early customer traction and positive feedback from notable enterprises
  2. The platform’s ability to address critical pain points in Kubernetes fleet management
  3. The rapidly growing market demand for Kubernetes management solutions
  4. Our team’s deep expertise in cloud infrastructure and enterprise software

What are the milestones you plan to achieve in the next six months?

In the next six months, we plan to expand our customer base, particularly in the financial services and healthcare sectors. We’ll continue to iterate on the product based on customer feedback and emerging Kubernetes trends. We’re working to achieve key security certifications to support customers in highly regulated industries and we’re building out additional firepower in the team, particularly in engineering and go-to-market roles.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?

(1) Focus on creating tangible value for your customers and demonstrating clear ROI. In these challenging economic times, platforms and solutions that can help businesses optimize costs and improve efficiency become even more attractive. (2) Build strong relationships with your early customers and leverage their success stories in your sales process. (3) Remove anything thats not critical – be prepared to operate lean and prioritize the initiatives that will drive the most significant impact for your business and customers.

What’s your favorite fall destination in and around the city?

Central Park is always beautiful in the fall, with the changing colors of the leaves creating a stunning backdrop in the heart of the city. It’s a great place to take a break from the fast pace of startup life and enjoy the season.


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The Weekly Notable Startup Funding Report: 10/14/24

10/14/2024

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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 10/12/24 featuring funding details for Centaur Labs, Holobiome, Scope3, and thirty-three other deals representing $1.3B in new funding that you need to know about.


Glooko – $100.0M

Mountain View-based Glooko as a digital health company that offers a diabetes management platform to help users monitor and control their blood glucose levels. Founded by Chamath Palihapitiya, Sundeep Madra, and Yogen Dalal in 2010, Glooko has now raised a total of $201.0M in total equity funding and is backed by Canaan Partners, Georgian, and Health Catalyst.


AirLoom Energy – $7.5M

Laramie-based AirLoom Energy offers wind energy harvesting services. Founded by Robert Lumley in 2014, AirLoom Energy has now raised a total of $12.5M in total equity funding and is backed by Adiuvans, Breakthrough Energy Ventures, Crosscut Ventures, Lowercarbon Capital, WovenEarth Ventures, and Wyoming Business Council.


ApertureData – $5.3M

Los Gatos-based ApertureData offers ApertureDB, a database purpose-built to accelerate development of and returns from multimodal AI Founded by Luis Remis and Vishakha Gupta in 2018, ApertureData has now raised a total of $8.1M in total equity funding and is backed by Interwoven Ventures, TQ Ventures, and WestWave Capital.


Bigeye – $5.0M

San Francisco-based Bigeye provides data observability solutions for monitoring and analyzing data integrity. Founded by Egor Gryaznov and Kyle Kirwan in 2019, Bigeye has now raised a total of $73.5M in total equity funding and is backed by USAA.


Case Status – $19.7M

North Charleston-based Case Status operates as a cloud-based, client engagement tool for the legal services industry. Founded by Andy Seavers and Lauren Sturdivant in 2017, Case Status has now raised a total of $35.5M in total equity funding and is backed by BIP Ventures, Front Porch Venture Partners, Grayhawk Capital, and Topmark Partners.


Centaur Labs – $16.0M

Boston-based Centaur Labs is a medical AI platform that offers medical data labeling services. Founded by Erik Duhaime, Tom Gellatly, and Zach Rausnitz in 2017, Centaur Labs has now raised a total of $31.9M in total equity funding and is backed by Accel, Alumni Ventures, Matrix, Omega Venture Partners, Samsung NEXT, SignalFire, Susa Ventures, and Y Combinator.


Claim – $12.0M

Boston-based Claim is a social application that allows users to earn and trade rewards with friends. Founded by Sam Obletz and Tap Stephenson in 2021, Claim has now raised a total of $18.0M in total equity funding and is backed by Lightbank, Sequoia Capital, Susa Ventures, and VMG Partners.


Corvus Robotics – $18.0M

Boston-based Corvus Robotics makes indoor drones for warehouses inventory service. Founded by Jackie Wu in 2017, Corvus Robotics has now raised a total of $18.0M in total equity funding and is backed by S2G Ventures and Spero Ventures.


COVU – $12.5M

Redwood City-based COVU’s mission is to help everyday people and growth-oriented insurance professionals reduce risk and manage insurance smarter. Founded by Ali Safavi and Tasos Chatzimichailidis in 2022, COVU has now raised a total of $22.5M in total equity funding and is backed by Benhamou Global Ventures, ManchesterStory Group, and Markd.


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CytoVale – $100.0M

San Francisco-based CytoVale is a medical technology company that focuses on advancing early detection technologies to diagnose immune-mediated diseases. Founded by Ajay Shah and Dino Di Carlo in 2013, CytoVale has now raised a total of $210.5M in total equity funding and is backed by Breakout Ventures, CPP Investments, Global Health Investment Corporation, Norwest Venture Partners, and Sands Capital Ventures.


Farther – $72.0M

New York-based Farther is a wealth management firm that combines expert financial advisors with technology to enhance financial planning services. Founded by Brad Genser and Taylor Matthews in 2019, Farther has now raised a total of $118.0M in total equity funding and is backed by CapitalG and Viewpoint Ventures.


Holobiome – $9.0M

Cambridge-based Holobiome is an owner and operator of a therapeutic company intended to treat diseases of the enteric and central nervous systems. Founded by Mike La Fleur and Philip Strandwitz in 2015, Holobiome has now raised a total of $15.6M in total equity funding and is backed by Astanor Ventures, Corundum Systems Biology, iSelect Fund, Pace Ventures, Satori Capital, SkyRiver Ventures, and Valor Equity Partners.


Imprint – $75.0M

New York-based Imprint provides co-branded credit cards by collaborating with global brands to enhances user experience and rewards Founded by Daragh Murphy, Gaurav Ahuja, and Michael Pechman in 2020, Imprint has now raised a total of $202.0M in total equity funding and is backed by Khosla Ventures, Kleiner Perkins, Ribbit Capital, and Thrive Capital.


Lightdash – $11.0M

San Francisco-based Lightdash turns a dbt project into a full-stack BI platform. Founded by Hamzah Chaudhary and Oliver Laslett in 2020, Lightdash has now raised a total of $19.4M in total equity funding and is backed by Accel, Dimitar Stanimiroff, Michael Grinich, Moonfire Ventures, Operator Partners, Shopify Ventures, Shuo Wang, and Y Combinator.


Logik.io – $25.0M

Chicago-based Logik.io is an ecommerce logic engine platform focused on developing headless configuration technologies. Founded by Christopher Shutts, Fazal Gupta, Jeffrey Wilkins, and Richard Jones in 2021, Logik.io has now raised a total of $51.0M in total equity funding and is backed by Emergence, GoBig.ai, High Alpha, Permanent Capital Ventures, Salesforce Ventures, and ServiceNow Ventures.


Maven Clinic – $125.0M

New York-based Maven is a digital health platform that works with health plans and employers to offer virtual services for women’s and family health. Founded by Katherine Ryder and Suzie Grange in 2014, Maven Clinic has now raised a total of $417.1M in total equity funding and is backed by Dragoneer Investment Group, General Catalyst, Icon Ventures, Lux Capital, Oak HC/FT, Sequoia Capital, and StepStone Group.


Pinpoint Predictive – $23.0M

San Mateo-based Pinpoint Predictive is an insurance platform that provides big data and behavioral economics to identify unpriceable risks for insurers. Founded by Avi Tuschman in 2014, Pinpoint Predictive has now raised a total of $23.0M in total equity funding and is backed by Guidewire Software, Jazz Venture Partners, Markd, Navigate Ventures, LLC, Seraph Group, and Verstra Ventures.


Relyance AI – $32.0M

San Francisco-based Relyance AI delivers data compliance solutions that enhance visibility and security. Founded by Abhi Sharma and Leila Golchehreh in 2020, Relyance AI has now raised a total of $62.0M in total equity funding and is backed by Cheyenne Ventures, M12 – Microsoft’s Venture Fund, Menlo Ventures, Thomvest Ventures, and Unusual Ventures.


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Scope3 – $25.0M

New York-based Scope3 is the source of truth for supply chain emissions data. Founded by Brian O’Kelley in 2022, Scope3 has now raised a total of $45.0M in total equity funding and is backed by AperiamVentures, Craft Ventures, Google Ventures, Room40 Ventures, Venrock, and Virgo Investment Group.


HUMAN – $45.0M

New York-based HUMAN is a cybersecurity company that protects the internet and enterprises from fraud and sophisticated bot attacks. Founded by Ash Kalb, Dan Kaminsky, Michael Tiffany, and Tamer Hassan in 2012, HUMAN has now raised a total of $193.6M in total equity funding and is backed by ClearSky, Goldman Sachs Asset Management, NightDragon, Vertex Ventures US, and WestCap.


TensorWave – $43.0M

Las Vegas-based TensorWave helps businesses leverage the potential of artificial intelligence and develop advanced AI-based software. Founded by Darrick Horton, Jeff Tatarchuk, and Piotr Tomasik in 2023, TensorWave has now raised a total of $46.2M in total equity funding and is backed by AMD, Javelin Venture Partners, Maverick Capital, Nexus Venture Partners, StartUpNV, and Translink Capital.


The Jackfruit Company – $5.0M

Boulder-based The Jackfruit Company is a producer of plant-based products. Founded by Annie Ryu in 2011, The Jackfruit Company has now raised a total of $33.0M in total equity funding and is backed by Creadev, Grosvenor Food & AgTech, and Investeco Capital.


TOCA Football – $100.0M

Costa Mesa-based TOCA is a soccer technology company that aims to disrupt and elevate the soccer experience through user-centered technology. Founded by Eddie Lewis and Yoshi Maruyama in 2016, TOCA Football has now raised a total of $245.0M in total equity funding and is backed by Bill Anderson, Harry Kane, Jared Smith, Jim Kavanaugh, and Magnus Carlsen.


Truthset – $5.0M

San Francisco-based Truth{set} is a data intelligence company, focused exclusively on validating the accuracy and compliance of consumer data. Founded by Scott M. McKinley in 2019, Truthset has now raised a total of $5.0M in total equity funding and is backed by Data Point Capital.


Form Energy – $405.0M

Somerville-based Form Energy develops and commercializes low-cost battery systems to support renewable electric grids. Founded by Marco Ferrara, Mateo Jaramillo, Ted Wiley, William Woodford, and Yet-Ming Chiang in 2017, Form Energy has now raised a total of $1.2B in total equity funding and is backed by Blindspot Ventures, Breakthrough Energy Ventures, Capricorn Investment Group, Claure Group, Coatue, Energy Impact Partners, Engine Ventures, GE Vernova, GIC, Gigascale Capital, NGP Energy Technology Partners, Prelude Ventures, T. Rowe Price, Temasek Holdings, TPG Rise Climate Fund, and VamosVentures.


Suki – $70.0M

Redwood City-based Suki provides AI-powered voice solutions that streamline healthcare documentation processes. Founded by Anshu Sharma, Karthik Rajan, and Punit Soni in 2016, Suki has now raised a total of $165.0M in total equity funding and is backed by Breyer Capital, Flare Capital Partners, Hedosophia, InHealth Ventures, March Capital, and Venrock.


EvenUp – $135.0M

San Francisco-based EvenUp is a legal tech company developing cloud and AI-based legal case management solutions. Founded by Rami Karabibar, Raymond Mieszaniec, and Saam Mashhad in 2019, EvenUp has now raised a total of $220.5M in total equity funding and is backed by B Capital, Bain Capital Ventures, Bessemer Venture Partners, Lightspeed Venture Partners, PremjiInvest, and SignalFire.


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.


VESSL AI – $12.2M

San Mateo-based VESSL AI provides an end-to-end MLOps platform that enables high-performance ML teams to build, train, and deploy models faster at scale. Founded by Intae Ryoo, Jaeman An, Jihwan (Jay) Chun, and Yongseon Lee in 2020, VESSL AI has now raised a total of $17.0M in total equity funding and is backed by A Ventures, Mirae Asset Securities, Shinhan Venture Investment, Sirius Investment, SJ Investment Partners, Ubiquoss, and Wooshin Venture Investment.


Auger – $100.0M

Bellevue-based Auger is a logistics software startup that integrates with inventory management systems to provide insights for supply chain businesses. Founded by Dave Clark in 2024, Auger has now raised a total of $100.0M in total equity funding and is backed by Oak HC/FT.


CYRISMA – $7.0M

Rochester-based CYRISMA is an all-in-one, cloud-hosted cyber risk management platform designed to reduce cybersecurity complexity. Founded by Liam Downward, Michael Hoag, and Vladimir Georgiev in 2018, CYRISMA has now raised a total of $8.8M in total equity funding and is backed by Blueprint Equity, Golden Ventures, and SaaS Ventures.


Fortius Metals – $2.0M

Boulder-based Fortius Metals manufactures wire alloys for large-format metal 3D printing and robotic welding. Founded by Jeff Lints in 2021, Fortius Metals has now raised a total of $10.4M in total equity funding and is backed by 412 Venture Fund, AM Ventures, Finindus, and M7 Holdings.


InterVene – $13.0M

South San Francisco-based InterVene is a medical device company that treats severe venous disease in the legs. Founded by Fletcher Wilson in 2011, InterVene has now raised a total of $33.9M in total equity funding and is backed by RiverVest and Treo Ventures.


Lithios – $10.0M

Cambridge-based Lithios is a technology company that uses electrochemistry for advanced lithium extraction from tough mixtures. Founded by Mohammad Alkhadra in 2022, Lithios has now raised a total of $10.0M in total equity funding and is backed by Clean Energy Ventures, GS Futures, Lowercarbon Capital, Massachusetts Clean Energy Center, and TechEnergy Ventures.


MOLG – $5.5M

Sterling-based MOLG enables circular manufacturing, ensuring one products end is another’s beginning. Founded by Rob Lawson-Shanks in 2021, MOLG has now raised a total of $9.0M in total equity funding and is backed by ABB, Automation Ventures, Climate Pledge Fund, Closed Loop Partners, Elemental Impact, Overture VC, and Techstars.


Noetica AI – $22.0M

New York-based Noetica is an artificial intelligence-powered software platform that assists dealmakers in benchmarking corporate loan transactions. Founded by Daniel Wertman, Tom Effland, and Yoni Sebag in 2022, Noetica AI has now raised a total of $28.0M in total equity funding and is backed by Bling Capital, Company Ventures, Flybridge, Lightspeed Venture Partners, The LegalTech Fund, and Thomson Reuters Ventures.


RadiantGraph – $11.0M

San Francisco-based RadiantGraph is on a mission to make healthcare more accessible and user-friendly. Founded by Anmol Madan in 2023, RadiantGraph has now raised a total of $16.0M in total equity funding and is backed by M13, True Ventures, and XYZ Venture Capital.


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OpenGradient Raises $9M to Revolutionize AI Deployment Using Decentralization

10/11/2024

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The deployment of traditional AI systems presents two significant challenges: complexity and security concerns. However, blockchain technology, with its decentralized architecture, offers a potential solution to mitigate these risks. OpenGradient has developed an innovative end-to-end platform that leverages blockchain technology to decentralize AI infrastructure, providing not only computing resources but also a secure environment for hosting open-source AI models on-chain. The platform offers enhanced security measures, including TLS, zero-knowledge machine learning (zkML), and hardware enclaves, to ensure the integrity of all applications and models. By streamlining the infrastructure, the platform accelerates both the development and accessibility of open-source models while simultaneously ensuring model verifiability through an EVM-compatible blockchain. For developers, the platform offers a seamless experience comparable to Web2 development environments. Utilizing OpenGradient’s web portal and Software Development Kit (SDK), developers can create applications with the added benefits inherent to blockchain technology, such as enhanced decentralization and security. Beyond serving as a comprehensive library for AI models and offering specialized computing capabilities, OpenGradient is also at the forefront of research in emerging trends at the intersection of AI and cryptography. The company’s robust research initiatives focus on cutting-edge areas including decentralized DeFi, tokenomics, anomaly detection, and risk mitigation strategies.

AlleyWatch caught up with OpenGradient CEO Matthew Wang to learn more about the business, the company’s strategic plans, latest round of funding, which brings the company’s total funding to $9M, and much, much more…

Who were your investors and how much did you raise?

$8.5M Seed Round including

Funds: a16z CSX, Coinbase Ventures, SV Angel, SALT Fund, Foresight Ventures, Symbolic Capital, and more.

Angels: Illia Polosukhin (Founder of NEAR and inventor of AI Transformer models), Balaji Srinivasan (Ex-CTO of Coinbase), Sandeep Nailwal (Founder of Polygon), and more.

Tell us about the product or service that OpenGradient offers.

OpenGradient is an end-to-end decentralized AI platform for open-source model hosting, secure inference, agentic reasoning, and application deployment. By developing tooling and a feature-rich platform that makes developing AI workflows both secure and seamless, OpenGradient empowers developers with the ability to build optimized AI-empowered applications that are secured end-to-end with technologies like TLS, zkML, and hardware enclaves.

With native model hosting, permissionless composability, and secure inference execution, OpenGradient also aims to accelerate open-source AI by democratizing model ownership, improving verifiability guarantees, and promoting censorship-resistant model access.

What inspired the start of OpenGradient?

I was fascinated by all the products and services unlocked by revolutionary tech developed by companies like OpenAI. However, as the impact of AI on our lives rises exponentially, the question of computational integrity becomes an increasingly compelling one. As an example, when ChatGPT was rolled out there were multiple forums where people were discussing whether OpenAI was hot-swapping models as people noticed a dramatic decrease in the quality of responses over time. Unfortunately, we’ll never be able to know if that’s the case as there is no verifiability of inference run on OpenAI’s servers; OpenGradient is here to change that, we believe in a world where computation should be secured end-to-end and completely verifiable for people to trust it with increasingly impactful tasks.

How is OpenGradient different?

OpenGradient is different from existing solutions in two major ways. Firstly, we’re aiming to build a comprehensive solution that incorporates a variety of different measures for securing AI workflows end-to-end ranging from using TLS to secure data access to using hardware enclaves and zkML SNARKs to secure inference and storage of execution traces. Secondly, our solution is a fully decentralized distributed system; similar to IPFS, anyone can run a node to empower OpenGradient’s network to ensure models and compute are universally accessible and resistant to censorship.

What market does OpenGradient target and how big is it?

Our market size is fairly large because we’re targeting both traditional AI and Web3 developers and businesses. OpenGradient has identified product-market fit across multiple sectors, as an example we’ve pioneered research that has led blockchain application developers to build more intelligent decentralized applications that require the security offered by OpenGradient’s tech stack. From dynamic fee optimization for automated market-making applications to risk-management in lending protocols, our cutting-edge tech stack is reshaping secure AI development. Additionally, we provide a python SDK  for Web2 AI developers, offering the security and composability of a decentralized infrastructure for enabling the creation, deployment, and inferencing of models in traditional AI workflows.

What’s your business model?

Akin to most AI or SAAS ventures, our main business model is to charge for compute (e.g. on a per inference basis). The pricing structure will be tailored for different models and applications of our solutions.

How are you preparing for a potential economic slowdown?

OpenGradient currently still has 2-3 years of runway and can weather an economic slowdown without needing to raise another round of funding. We believe the product we’re developing is innovative and recession-proof; regardless of whether there are macroeconomic headwinds or not, AI is here to stay and we believe OpenGradient will be the best solution for developers to run end-to-end AI workflows securely.

What was the funding process like?

We were fortunate enough to have amazing backers share in our vision and take a strong interest in what we were building. It was overall a smooth process for us and we quickly ended up with an oversubscribed round within weeks of starting our seed fundraise.

What are the biggest challenges that you faced while raising capital?

This is both my (Matthew) and Adam’s first venture, so I think the biggest challenge for us was understanding the value-add each investor can bring to the table in order to create a high-quality cap table with backers that can each contribute in their own way to our mission.

What factors about your business led your investors to write the check?

As this is a business that involves a lot of R&D, I believe the biggest differentiating factor that led to our successful fundraise was Adam and my strong track record in the respective industries we come from. I (Matthew) previously worked at Two Sigma as a research engineer, building modeling infrastructure and quantitative models for the equity options desk, I also have experience doing ML research. Adam was previously a tech lead at Palantir AIP (AI Platforms) where he led development efforts on their LLM reasoning infrastructure and AI agent execution system, which is deployed today with clients like the Ukrainian government.

What are the milestones you plan to achieve in the next six months?

The biggest milestones we have for the next six months involve continuing development of features on our platform (e.g. supporting langchain reasoning on our platform) as well as working with early launch partners to help onboard their AI workflows onto our infrastructure while doubling down on client acquisition. Additionally, we want to push developer education on the importance of security and computational integrity and plan to continue to put out research papers, articles, and literature to underscore the importance of secure and universally-accessible AI.

The biggest milestones we have for the next six months involve continuing development of features on our platform (e.g. supporting langchain reasoning on our platform) as well as working with early launch partners to help onboard their AI workflows onto our infrastructure while doubling down on client acquisition. Additionally, we want to push developer education on the importance of security and computational integrity and plan to continue to put out research papers, articles, and literature to underscore the importance of secure and universally-accessible AI.

What advice can you offer companies in New York that do not have a fresh injection of capital in the bank?

The best advice I can give is for the founders to bootstrap the venture themselves. Not only does it help get things off the ground before a venture funding round, but it also signals to investors that the founders themselves have conviction and are fully invested in the success of the startup. When Adam and I started OpenGradient we were bootstrapped for a couple of months, and did not start drawing a salary until the closing of our seed round.

Where do you see the company going in the near term?

We’ve spent a couple quarters heads-down focusing on R&D, and now we’re accelerating on working with early launch partners and actually creating impact with our technology. In the next couple quarters, we’re aiming to not just continue developing features, but actually start securing end-to-end AI workflows in production for our early clients.

What’s your favorite fall destination in and around the city?

Central Park is probably my favorite place to go running, especially in the fall when it’s no longer as hot and humid.


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Balancing Profit and Purpose: How to Build a Socially Responsible Business

10/10/2024

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In today’s rapidly changing world, businesses increasingly recognize the importance of balancing profit with purpose. A socially responsible business seeks financial success and strives to impact society and the environment positively. This blog post will explore balancing profit and purpose and provide actionable strategies for building a socially responsible business.

Understanding Social Responsibility:

Social responsibility refers to the ethical obligation of businesses to consider the well-being of society and the environment in their operations and decision-making processes. It encompasses various initiatives to address social, environmental, and economic issues, such as poverty alleviation, environmental conservation, and community development.

Building a socially responsible business involves integrating social and environmental considerations into every aspect of the business, from sourcing materials and manufacturing processes to marketing strategies and employee relations. By aligning business objectives with broader societal goals, socially responsible businesses can create value for all stakeholders, including customers, employees, communities, and shareholders.

Strategies for Building a Socially Responsible Business:

Now, let’s explore some actionable strategies for building a socially responsible business:

  • Define Your Purpose and Values: Start by defining your business’s purpose and values, articulating why you exist beyond making a profit. Consider the social and environmental issues most relevant to your business and stakeholders, and identify how you can contribute to positive change in these areas.
  • Integrate Sustainability into Operations: Embed sustainability into every aspect of your business operations, from sourcing raw materials and energy-efficient manufacturing processes to reducing waste and carbon emissions. Adopt sustainable practices and technologies that minimize environmental impact and promote resource conservation.
  • Prioritize Stakeholder Engagement: Engage with stakeholders, including customers, employees, suppliers, and local communities, to understand their needs, concerns, and expectations. Involve stakeholders in decision-making processes, seek their input on social and environmental initiatives, and communicate transparently about your efforts and progress.
  • Support Social Causes and Initiatives: Invest in social causes and initiatives that align with your business’s values and mission. Whether it’s supporting local charities, volunteering in community projects, or donating a percentage of profits to social causes, find ways to give back to society and positively impact the communities you serve.
  • Foster a Purpose-Driven Culture: Cultivate a purpose-driven culture within your organization that empowers employees to make a difference and contribute to meaningful change.
  • Provide opportunities for employees to participate in volunteer activities, sustainability initiatives, and social impact projects that align with their interests and values.
  • Measure and Report Impact: Establish key performance indicators (KPIs) and metrics to measure your business’s social and environmental impact. Track progress against these metrics, evaluate the effectiveness of your initiatives, and report transparently on your performance to stakeholders.

Conclusion:

Balancing profit and purpose is possible and essential for building a sustainable and resilient business in today’s increasingly interconnected world. By integrating social and environmental considerations into business operations and decision-making processes, companies can create value for society while driving long-term financial success. Whether you’re a startup or an established company, embracing social responsibility is a moral imperative and a strategic advantage that can differentiate your business, attract customers and talent, and build trust and loyalty with stakeholders. By adopting the strategies outlined in this blog post and committing to making a positive impact, you can create a socially responsible business contributing to a more sustainable and equitable future for all.



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    John Yacalis is a skilled Mergers and Acquisitions advisor.

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