The Weekly Notable Startup Funding Report: 3/7/22

AssemblyAI

$28.0M – Series A

San Francisco-based AssemblyAI is an AI company building a platform of APIs to transcribe and understand audio data. Founded by Dylan Fox in 2017, AssemblyAI has now raised a total of $33.1M in total equity funding and is backed by Accel, Daniel Gross, John Collison, Nat Friedman, Patrick Collison, and Y Combinator.

Balbix

$70.0M – Series C

San Jose-based Balbix enables organizations to transform their cybersecurity posture and quantifiably reduce their breach risk. Founded by Gaurav Banga in 2015, Balbix has now raised a total of $101.6M in total equity funding and is backed by Alter Venture Partners, Franklin Park, JC2 Ventures, Mayfield Fund, Modern Venture Partners, Mubadala Capital Ventures, Nautilus Venture Partners, Redline Capital, Singtel Innov8, and Third Point Ventures.

CesiumAstro

$60.0M – Series B

Austin-based CesiumAstro provides out-of-the-box communication systems for satellites, UAVs, launch vehicles, and other space or airborne platforms. Founded by Shey Sabripour in 2017, CesiumAstro has now raised a total of $74.2M in total equity funding and is backed by Airbus Ventures, Forever Ventures, Franklin Blackhorse, Heico, Kleiner Perkins, L3 Harris Technologies, and Lavrock Ventures.

ParkourSC

$26.0M – Venture

Milpitas-based ParkourSC is a logistics and supply chain company that specializes in digital transformation, manufacturing, and pharmaceutical. Founded by Raj Kulkarni, Ravi Roopreddy, and Sharath Narahari in 2014, ParkourSC has now raised a total of $75.0M in total equity funding and is backed by Bold Capital Partners, Celesta Capital, Cota Capital, Intel Capital, JC2 Ventures, Sigmas Group, and WestRock.

Commsor

$50.0M – Series B

New York-based Commsor is your community operating system. Unlock insights, measure impact, and build a community-led company. Founded by Jacob Peters and Mac Reddin in 2019, Commsor has now raised a total of $66.0M in total equity funding and is backed by 776 Capital, Adam Ballai, Adam Pettit, Alan Zhao, Alex Pattis, Alexander Taub, Andreas Klinger, Andrew Gazdecki, Ankur Nagpal, Atomico, Badrul Farooqi, Barron Caster, Ben Lang, Ben Tossell, Brad Smith, Brian Murray, Caroline Clark, Casey Neistat, Colin Kennedy, Daria Byrne, Darren Murph, David Peterson, Des Traynor, Elliott Poppel, Erica Kuhl, Evan Walden, Felicis Ventures, Gina Bianchini, Gleb Polyakov, Holly Firestone, Ish Baid, Jochen Engert, John Coghlan, Jonathan Hillis, Joseph Quan, Joshua Motta, Julia DeWahl, Julie Herendeen, Kajsa Sheibley, Kevin Liu, Kiren Srinivasan, Lolita Taub, Margaret Norris, Mariano Suarez-Battan, Max Greenwald, Michael Bloch, Neel Mehta, Nisha Baxi, Nkechi Iregbulem, Oliver Jay, Pam Webber, Peter Kazanjy, Philip Sheibley, Pukar Hamal, Rachel Sanders, Riverside Ventures, Sahil Mansuri, Sam Corcos, Sara Sutton, Shana Sumers, SignalFire, Slack Fund, Timothy Chen, Tristan Pollock, Tyler Becker, Vlad Magdalin, Wei Deng, YoKo Li, and Zachary Sims.

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.

DNABLOCK

$7.0M – Seed

Los Angeles-based DNABLOCK is a 3D animation platform that enables users to create 3D avatars and cinema-quality animated content with no animation knowledge. Founded by Anthony Kelani, Christine Marzano, and Luc Schurgers in 2018, DNABLOCK has now raised a total of $8.2M in total equity funding and is backed by Alumni Ventures, Animoca Brands, Bill Silva, CMT Digital Ventures, Diverse Angels, Fenwick & West, Figure 8 Investments, Gaingels, Haobo Zhao, LD Capital, Non-Fungible Labs, RareBreed Ventures, SB Opportunity Fund, Sfermion, and Solana Ventures.

Fieldguide

$17.0M – Series A

San Francisco-based Fieldguide provides an automation and collaboration platform for modern assurance and advisory firms. Founded by Chris Szymansky and Jin Chang in 2020, Fieldguide has now raised a total of $17.0M in total equity funding and is backed by 8VC, Association and CPA.com Startup Accelerator, and Floodgate.

Flume Health

$30.0M – Series A

New York-based Flume Health is a digital TPA helping self-insured employers make their health plans more affordable and easier to use. Founded by Cedric Kovacs-Johnson and Vineeth Bhuvanagiri in 2017, Flume Health has now raised a total of $40.2M in total equity funding and is backed by Accomplice, Cigna Ventures, Crosslink Capital, Founder Collective, Optum Ventures, Primary Venture Partners, Remarkable Ventures Fund, and Route 66 Ventures.

New York-based FreeWill offers philanthropy and estate planning tools for donors and fundraisers to donate simpler. Founded by Jennifer Xia and Patrick Schmitt in 2016, FreeWill has now raised a total of $30.0M in total equity funding and is backed by Bain Capital Double Impact Fund, HearstLab, Highland Capital Partners, ICONIQ Growth, Pear VC, QED Investors, and Ulu Ventures. AlleyWatch broke the news in an exclusive covering the round and much more – FreeWill Raises $30M for its Online Estate Planning Platform That Also Supercharges Philanthropy

Gecko Robotics

$73.0M – Series C

Pittsburgh-based Gecko Robotics creates, organizes, and makes the world’s physical data useful, starting with critical industries. Founded by Jake Loosararian and Troy Demmer in 2013, Gecko Robotics has now raised a total of $122.0M in total equity funding and is backed by XN.

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Certa

$15.0M – Series A

Saratoga-based Certa is an operational management platform that provides a fully integrated suite of products for third-party lifecycle management. Founded by Jagmeet Lamba in 2013, Certa has now raised a total of $15.1M in total equity funding and is backed by Drew Houston, Justin Kan, MANTIS Venture Capital, and Point72 Ventures.

Inworld AI

$10.5M – Seed

Mountain View-based Inworld AI is an AI developer platform for immersive realities/metaverse spaces. Founded by Ilya Gelfenbeyn and Michael Ermolenko in 2021, Inworld AI has now raised a total of $17.7M in total equity funding and is backed by BITKRAFT Ventures, CRV, Kleiner Perkins, NaHCO3, Nate Mitchell, and The Venture Reality Fund/VRF.

Kin Insurance

$82.0M – Series D

Chicago-based Kin Insurance is an insurtech company that offers personalized home insurance solutions. Founded by Lucas Ward, Sean Harper, Sebastian Villarreal, and Stephen Wooten in 2016, Kin Insurance has now raised a total of $191.2M in total equity funding and is backed by Allegis Capital, Alpha Edison, August Capital, Avanta Ventures, Commerce Ventures, Flourish Ventures, Geodesic Capital, Hudson Structured Capital Management, PROOF, and QED Investors.

Kintsugi

$20.0M – Series A

Berkeley-based Kintsugi detects signs of clinical depression and anxiety using machine learning and voice biomarkers. Founded by Grace Chang and Rima Seiilova-Olson in 2019, Kintsugi has now raised a total of $28.0M in total equity funding and is backed by Acrew Capital, Alpha Edison, AngelList, Citta Capital, Darling Ventures, Insight Partners, IT-Farm, Primetime Partners, and Side Door Ventures.

Apollo.io

$110.0M – Series C

San Francisco-based Apollo.io provides a foundation for end-to-end sales strategies by providing a data platform for built-in integrations. Founded by Ray Li, Roy Chung, and Tim Zheng in 2015, Apollo.io has now raised a total of $151.3M in total equity funding and is backed by NewView Capital, Nexus Venture Partners, Sequoia Capital, and Tribe Capital.

Nayya

$55.0M – Series C

New York-based Nayya offers a benefits experience platform that guides employees in their health, insurance, and finance decisions. Founded by Akash Magoon and Sina Chehrazi in 2019, Nayya has now raised a total of $105.7M in total equity funding and is backed by Felicis Ventures, ICONIQ Growth, SemperVirens Venture Capital, and Transformation Capital.

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.

Subspace Labs

$32.9M – Series A

Palo Alto-based Subspace is an open, scalable platform for both storage and compute that is fully interoperable with any layer one. Founded by Jeremiah Wagstff and Nazar Mokrynskyi in 2018, Subspace Labs has now raised a total of $70.4M in total equity funding and is backed by Alameda Research, Alumni Ventures, Automata Network, Bixin Ventures, Cabin VC, Candaq Fintech Group, Coinbase Ventures, ConsenSys Mesh, Crypto.com, Definancex, Eniac Ventures, Gate Ventures Plc, GSR Ventures, Hypersphere Ventures, Illusionist Group, Khaira Capital, KR1 plc, NGC Ventures, One Block Capital, Pantera Capital, Stratos Technologies, and Vendetta Capital.

Bright Security

$20.0M – Series A

San Francisco-based Bright Security is an AI -powered application security platform that integrates application security into SDLC. Founded by Art Linkov, Bar Hofesh, Gadi Bashvitz, and Shoham Cohen in 2018, Bright Security has now raised a total of $25.3M in total equity funding and is backed by DNX Ventures, Evolution Equity Partners, Fusion Fund, Incubate Fund, and J-Ventures.

OpenSpace

$102.0M – Series D

San Francisco-based OpenSpace develops an AI-driven photo documentation tool that automatically creates navigable photo representations of job sites. Founded by Jeevan Kalanithi, Michael Fleischman, and Philip DeCamp in 2017, OpenSpace has now raised a total of $190.5M in total equity funding and is backed by Alkeon Capital, Alpaca VC, BlackRock, Fischer Homes, GreenPoint Partners, Harmonic Growth Partners, JLL Spark, Lux Capital, Menlo Ventures, Mirae Asset Global Investments, Navitas Capital, Nine Four Ventures, PSP Growth, Sino Group, and Taronga Group.

Our Next Energy

$65.0M – Series A

Novi-based Our Next Energy is a developer of energy storage technology to expand access to sustainable power. Founded by Mujeeb Ijaz in 2020, Our Next Energy has now raised a total of $90.0M in total equity funding and is backed by Assembly Ventures, BMW i Ventures, Breakthrough Energy Ventures, Coatue, Flex, and Volta Energy Technologies.

Owner.com

$15.0M – Series A

Palo Alto-based Owner.com helps restaurant owners manage their online presence and improve sales. Founded by Adam Guild and Dean Bloembergen in 2018, Owner.com has now raised a total of $29.2M in total equity funding and is backed by Altman Capital, Browder Capital, Day One Ventures, Dylan Field, Immad Akhund, Kimbal Musk, Max Mullen, Niranjan Sabharwal, Parker Conrad, Redpoint, Ryan Petersen, SaaStr Fund, and Sam Bankman-Fried.

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Reforge

$60.0M – Series B

San Francisco-based Reforge offers selective growth-focused programs for experienced professionals in marketing, product, data, and engineering. Founded by Brian Balfour in 2016, Reforge has now raised a total of $81.0M in total equity funding and is backed by Andreessen Horowitz, Insight Partners, Long Journey Ventures, NextView Ventures, TCV, and True Ventures.

Testsigma

$4.6M – Seed

Palo Alto-based Testsigma is a cloud-based continuous testing platform for Agile and DevOps teams. Founded by Pratheep Velicherla and Rukmangada Kandyala in 2019, Testsigma has now raised a total of $4.6M in total equity funding and is backed by Accel, Ioann Fainsilber, Kiran Darisi, Nitesh Banta, Parsuram Vijayasankar, Shan Krishnasamy, STRIVE, and Vetri Vellore.

Level AI

$20.0M – Series B

Mountain View-based Level AI is a platform for businesses to automate tedious workflows and transform customer experience. Founded by Ashish Nagar in 2019, Level AI has now raised a total of $35.0M in total equity funding and is backed by Battery Ventures, Eniac Ventures, and Village Global.

Visby Medical

$100.0M – Series E

San Jose-based Visby Medical is a diagnostics company that develops PCR-based diagnostic tests for the detection of infectious diseases. Founded by Adam de la Zerda in 2012, Visby Medical has now raised a total of $206.0M in total equity funding and is backed by Artiman Ventures, Blue Water Life Science Fund, Cedars Sinai Medical Center, Healthcare of Ontario Pension Plan (HOOPP), John Doerr, NDCapital, Nissim Capital, Ping An Global Voyager, and Pitango Venture Capital.

XRHealth

$10.0M – Venture

Brookline-based XRHealth is a telemedicine startup that uses a VR platform that enables remote treatment. Founded by Eran Orr in 2016, XRHealth has now raised a total of $34.3M in total equity funding and is backed by AARP, Bridges Israel, and HTC Vive.

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.