Armed with knowledge from our buddies at CrunchBase, I’ve analyzed the most important US startup funding rounds of the month, together with key particulars corresponding to trade focus, firm descriptions, spherical sorts, founding groups, and complete fairness raised up to now.
Key Tendencies and Observations
Austin’s Sudden Rise to Prominence
Maybe essentially the most putting development in February’s funding knowledge is the emergence of Austin. Three of the highest fifteen offers—together with the #1 and #2 largest rounds—went to Austin-based corporations:
- Saronic ($600M Collection C) – Maritime safety and unmanned floor autos
- NinjaOne ($500M Collection C) – IT endpoint administration platform
- Apptronik ($350M Collection A) – Human-centered robotics methods
AI Dominance Continues
Synthetic Intelligence stays the dominant funding theme, with 8 of the 15 largest funding rounds going to AI-focused startups. Corporations like Collectively AI ($305M), Harvey ($300M), and Abridge ($250M) are pioneering functions throughout varied industries:
- Enterprise AI continues to draw main funding, with corporations specializing in authorized tech, healthcare, and IT infrastructure
- Generative AI platforms are securing vital late-stage funding, indicating investor confidence of their long-term potential
- {Hardware} infrastructure supporting AI growth (like EnCharge AI’s $100M spherical) reveals the excellent ecosystem being constructed round synthetic intelligence
Deep Tech Gaining Traction
Past pure software program performs, deep tech corporations in quantum computing (QuEra Computing’s $230M), house expertise (K2 House’s $110M), and robotics (Apptronik’s $350M) secured vital funding.
The TechWatch Media Group viewers is driving progress and innovation on a worldwide scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the freeway for expertise and entrepreneurship. There are a variety of choices to achieve this viewers of the world’s most progressive organizations and startups at scale together with growing distinguished model placement, driving demand technology, and constructing thought management among the many overwhelming majority of key influencers within the international enterprise group and past. Learn how to associate with us to drive a return in your advertising funding right here.
15. EnCharge AI $100.0M
Spherical: Collection B
Description: Santa Clara-based EnCharge AI designs analog in-memory-computing AI chips and develops AI methods for AI computing. Based by Echere Iroaga, Kailash Gopalakrishnan, and Naveen Verma in 2022, EnCharge AI has now raised a complete of $144.3M in complete fairness funding and is backed by Alumni Ventures, Tiger World Administration, Anzu Companions, Morgan Creek Digital, and Scout Ventures.
Buyers within the spherical: 8VC, Andreessen Horowitz, Caffeinated Capital, Elad Gil, Common Catalyst, Lightspeed Enterprise Companions, Silent Ventures
Trade: Synthetic Intelligence (AI), Embedded Software program, Semiconductor, Software program
Founders: Echere Iroaga, Kailash Gopalakrishnan, Naveen Verma
Founding 12 months: 2022
Location: Santa Clara
Whole fairness funding raised: $144.3M
15. Mercor $100.0M
Spherical: Collection B
Description: San Francisco-based Mercor is an AI-based hiring platform designed to enhance the recruitment course of for each job seekers and firms. Based by Adarsh Hiremath, Brendan Foody, and Surya Midha in 2023, Mercor has now raised a complete of $133.6M in complete fairness funding and is backed by Common Catalyst, Menlo Ventures, Felicis, Hyperlink Ventures, and DST World.
Buyers within the spherical: CapitalG, ICONIQ Progress
Trade: Synthetic Intelligence (AI), Machine Studying, Recruiting, Software program
Founders: Adarsh Hiremath, Brendan Foody, Surya Midha
Founding 12 months: 2023
Location: San Francisco
Whole fairness funding raised: $133.6M
15. Semgrep $100.0M
Spherical: Collection D
Description: San Francisco-based Semgrep is an software safety platform that scans code for bugs, safety vulnerabilities, and implement coding requirements. Based by Drew Dennison, Isaac Evans, and Luke O’Malley in 2017, Semgrep has now raised a complete of $193.0M in complete fairness funding and is backed by Menlo Ventures, Sequoia Capital, Lightspeed Enterprise Companions, Felicis, and Harpoon.
Buyers within the spherical: 1517 Fund, Andra Capital, Andrej Karpathy, ARK Funding Administration, Crescent Cove Advisors, Fincadia Advisors, G Squared, IQT, KHK & Companions, NVIDIA, Pegatron, SGW, Supermicro, US Modern Expertise Fund, Wistron Company, Wiwynn
Trade: Cyber Safety, Community Safety, Safety, Software program
Founders: Drew Dennison, Isaac Evans, Luke O’Malley
Founding 12 months: 2017
Location: San Francisco
Whole fairness funding raised: $193.0M
14. Eudia $105.0M
Spherical: Collection A
Description: Palo Alto-based Eudia is an augmented intelligence platform that enhances authorized crew effectivity utilizing AI. Based by Ashish Agrawal, David Van Reyk, and Omar Haroun in 2023, Eudia has now raised a complete of $105.0M in complete fairness funding and is backed by Common Catalyst, In every single place Ventures, Floodgate, Sierra Ventures, and Hakluyt Capital.
Buyers within the spherical: ARK Funding Administration, B Capital, Capital Manufacturing facility, Ethos Household Workplace, Google, Japan Submit Capital, Mercedes-Benz Group AG, RyderVentures, Scrum Ventures, Trajectory Ventures
Trade: Synthetic Intelligence (AI), Info Expertise, PaaS
Founders: Ashish Agrawal, David Van Reyk, Omar Haroun
Founding 12 months: 2023
Location: Palo Alto
Whole fairness funding raised: $105.0M
The TechWatch Media Group viewers is driving progress and innovation on a worldwide scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the freeway for expertise and entrepreneurship. There are a variety of choices to achieve this viewers of the world’s most progressive organizations and startups at scale together with growing distinguished model placement, driving demand technology, and constructing thought management among the many overwhelming majority of key influencers within the international enterprise group and past. Learn how to associate with us to drive a return in your advertising funding right here.
13. K2 House $110.0M
Spherical: Collection B
Description: Torrance-based K2 House develops progressive satellite tv for pc buses, supporting house missions with environment friendly design and efficiency throughout varied orbits. Based by Karan Kunjur and Neel Kunjur in 2022, K2 House has now raised a complete of $175.5M in complete fairness funding and is backed by Lightspeed Enterprise Companions, First Spherical Capital, Altimeter Capital, Alpine House Ventures, and Spacecadet Ventures.
Buyers within the spherical: Courageous Capital, Cadenza Ventures, Coatue, DAMAC Capital, Definition, Emergence Capital, Common Catalyst, Greycroft, John J. Chambers, Kleiner Perkins, Lengthy Journey Ventures, Lux Capital, March Capital, NVIDIA, Prosperity7 Ventures, Salesforce Ventures, Scott Banister, SE Ventures
Trade: Aerospace, Equipment Manufacturing, Manufacturing, House Journey
Founders: Karan Kunjur, Neel Kunjur
Founding 12 months: 2022
Location: Torrance
Whole fairness funding raised: $175.5M
12. 80 Acres Farms $115.0M
Spherical: Enterprise
Description: Hamilton-based 80 Acres Farms is a farming firm that makes use of indoor farming expertise. Based by Mike Zelkind and Tisha Livingston in 2015, 80 Acres Farms has now raised a complete of $390.0M in complete fairness funding and is backed by Common Atlantic, Blue Earth Capital, Virgo Funding Group, eGateway Capital, and Past Web Zero.
Buyers within the spherical: Coatue, Conviction Companions, Elad Gil, Google Ventures, Kleiner Perkins, OpenAI Startup Fund, REV, Sequoia Capital
Trade: Agriculture, Farming, Natural Meals
Founders: Mike Zelkind, Tisha Livingston
Founding 12 months: 2015
Location: Hamilton
Whole fairness funding raised: $390.0M
11. Tidal Imaginative and prescient $140.0M
Spherical: Collection B
Description: Bellingham-based Tidal Imaginative and prescient manufactures chitosan-based biomolecular options for a few of humanity’s chemistry and air pollution. Based by Craig Kasberg and Zach Wilkinson in 2015, Tidal Imaginative and prescient has now raised a complete of $201.7M in complete fairness funding and is backed by SOSV, IndieBio, Convent Capital, Milliken & Firm, and TELUS Pollinator Fund for Good.
Buyers within the spherical: Bessemer Enterprise Companions, California HealthCare Basis, CapitalG, CVS Well being Ventures, Elad Gil, IVP, Ok. Ventures, Lightspeed Enterprise Companions, NVentures, Redpoint, Spark Capital, SV Angel
Trade: Agriculture, Biotechnology, Manufacturing
Founders: Craig Kasberg, Zach Wilkinson
Founding 12 months: 2015
Location: Bellingham
Whole fairness funding raised: $201.7M
10. Chestnut Carbon $160.0M
Spherical: Collection B
Description: New York-based Chestnut Carbon develops nature-based initiatives to generate carbon removing credit and assist net-zero initiatives. Based by Ben Dell in 2022, Chestnut Carbon has now raised a complete of $360.0M in complete fairness funding and is backed by Kimmeridge, DBL Companions, CPP Investments, and Cloverlay.
Buyers within the spherical: Alphabet, Google, QVT Monetary, Safar Companions, SoftBank Imaginative and prescient Fund, Valor Fairness Companions
Trade: Carbon Seize, CleanTech, Environmental Engineering, Forestry
Founders: Ben Dell
Founding 12 months: 2022
Location: New York
Whole fairness funding raised: $360.0M
9. Verkada $200.0M
Spherical: Collection E
Description: San Mateo-based Verkada is a cloud-based bodily safety platform that focuses on safety cameras and safety options for enterprises. Based by Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, and James Ren in 2016, Verkada has now raised a complete of $643.9M in complete fairness funding and is backed by Common Catalyst, Sequoia Capital, Lightspeed Enterprise Companions, Eclipse Ventures, and Felicis.
Buyers within the spherical: Eclipse Ventures, Common Catalyst
Trade: Enterprise Software program, Web of Issues, Bodily Safety, Sensible Constructing
Founders: Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, James Ren
Founding 12 months: 2016
Location: San Mateo
Whole fairness funding raised: $643.9M
The TechWatch Media Group viewers is driving progress and innovation on a worldwide scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the freeway for expertise and entrepreneurship. There are a variety of choices to achieve this viewers of the world’s most progressive organizations and startups at scale together with growing distinguished model placement, driving demand technology, and constructing thought management among the many overwhelming majority of key influencers within the international enterprise group and past. Learn how to associate with us to drive a return in your advertising funding right here.
8. QuEra Computing $230.0M
Spherical: Enterprise
Description: Boston-based QuEra Computing is a neutral-atoms-based quantum computing startup. Based by Dirk Englund, John Pena, Markus Greiner, Mikhail Lukin, Nathan Gemelke, and Vladan Vuletic in 2018, QuEra Computing has now raised a complete of $17.0M in complete fairness funding and is backed by Valor Fairness Companions, Google, SoftBank Imaginative and prescient Fund, Safar Companions, and Rakuten.
Buyers within the spherical: Cloverlay, CPP Investments, DBL Companions, Kimmeridge
Trade: Pc, Shopper Analysis, Quantum Computing
Founders: Dirk Englund, John Pena, Markus Greiner, Mikhail Lukin, Nathan Gemelke, Vladan Vuletic
Founding 12 months: 2018
Location: Boston
Whole fairness funding raised: $17.0M
7. Abridge $250.0M
Spherical: Collection D
Description: Pittsburgh-based Abridge is an AI-driven platform that transforms patient-clinician conversations into structured scientific notes for healthcare industries. Based by Florian Metze, Sandeep Konam, and Shivdev Rao in 2018, Abridge has now raised a complete of $457.5M in complete fairness funding and is backed by Union Sq. Ventures, Bessemer Enterprise Companions, Lightspeed Enterprise Companions, KdT Ventures, and Spark Capital.
Buyers within the spherical: Cambridge Corporations, Convent Capital, Eni Subsequent, IDO Investments, KIRKBI, MBX Capital, Milliken & Firm, Swen Capital Companions
Trade: Synthetic Intelligence (AI), Digital Well being File (EHR), Enterprise Software program, Generative AI, Well being Care, Clever Programs, Machine Studying, Medical, Pure Language Processing, SaaS
Founders: Florian Metze, Sandeep Konam, Shivdev Rao
Founding 12 months: 2018
Location: Pittsburgh
Whole fairness funding raised: $457.5M
6. Harvey $300.0M
Spherical: Collection D
Description: San Francisco-based Harvey offers AI-driven instruments to help authorized professionals with analysis, doc overview, and contract evaluation. Based by Gabe Pereyra and Winston Weinberg in 2022, Harvey has now raised a complete of $506.0M in complete fairness funding and is backed by OpenAI, Sequoia Capital, Conviction Companions, Kleiner Perkins, and Coatue.
Buyers within the spherical: Barclays Local weather Ventures, Blue Earth Capital, Common Atlantic, Siemens Monetary Providers, Virgo Funding Group, Western & Southern Monetary Group
Trade: Synthetic Intelligence (AI), Info Expertise, Authorized, Authorized Tech
Founders: Gabe Pereyra, Winston Weinberg
Founding 12 months: 2022
Location: San Francisco
Whole fairness funding raised: $506.0M
5. Collectively AI $305.0M
Spherical: Collection B
Description: San Francisco-based Collectively AI is a cloud-based platform designed for setting up open-source generative AI and infrastructure for growing AI fashions. Based by Ce Zhang, Chris Re, Percy Liang, and Vipul Ved Prakash in 2022, Collectively AI has now raised a complete of $533.5M in complete fairness funding and is backed by Common Catalyst, NVIDIA, Emergence Capital, New Enterprise Associates, and Salesforce Ventures.
Buyers within the spherical: Alpine House Ventures, Altimeter Capital, First Spherical Capital, Lightspeed Enterprise Companions
Trade: Synthetic Intelligence (AI), Generative AI, Web, IT Infrastructure, Open Supply
Founders: Ce Zhang, Chris Re, Percy Liang, Vipul Ved Prakash
Founding 12 months: 2022
Location: San Francisco
Whole fairness funding raised: $533.5M
4. Apptronik $350.0M
Spherical: Collection A
Description: Austin-based Apptronik designs and builds human-centered robotics methods. Based by Invoice Helmsing, Jeffrey Cardenas, and Nicholas Paine in 2016, Apptronik has now raised a complete of $378.5M in complete fairness funding and is backed by B Capital, Google, Scrum Ventures, Capital Manufacturing facility, and Terex.
Buyers within the spherical: Andrew Sieja, B3 Capital, BackBone Ventures, Chris Re, Defy Ventures, In every single place Ventures, FirsthandVC, Floodgate, Common Catalyst, Gokul Rajaram, Hakluyt Capital, Michael Gamson, Scott Belsky, Sierra Ventures
Trade: Synthetic Intelligence (AI), Industrial Automation, Equipment Manufacturing, Robotics
Founders: Invoice Helmsing, Jeffrey Cardenas, Nicholas Paine
Founding 12 months: 2016
Location: Austin
Whole fairness funding raised: $378.5M
3. Lambda $480.0M
Spherical: Collection D
Description: San Francisco-based Lambda offers infrastructure, cloud providers, and software program for the coaching and inferencing of AI fashions. Based by Michael Balaban and Stephen Balaban in 2012, Lambda has now raised a complete of $902.7M in complete fairness funding and is backed by B Capital, NVIDIA, Alumni Ventures, Bossa Make investments, and G Squared.
Buyers within the spherical: ACVC, AlleyCorp, Anzu Companions, Capital TEN, Constellation Expertise Ventures, CTBC Capital, Foxconn Co-GP Fund, IQT, Maverick Silicon, Morgan Creek Digital, RTX Ventures, S5V, Samsung Ventures, Scout Ventures, SIP World Companions, Tiger World Administration, Vanderbilt College, VentureTech Alliance, Zero Infinity Companions
Trade: Synthetic Intelligence (AI), Cloud Computing, GPU, Machine Studying
Founders: Michael Balaban, Stephen Balaban
Founding 12 months: 2012
Location: San Francisco
Whole fairness funding raised: $902.7M
2. NinjaOne $500.0M
Spherical: Collection C
Description: Austin-based NinjaOne serves as an IT platform for endpoint administration that enhances productiveness, minimizes dangers, and lowers total IT bills. Based by Christopher Matarese, Eric Herrera, and Sal Sferlazza in 2013, NinjaOne has now raised a complete of $761.5M in complete fairness funding and is backed by ICONIQ Progress, Summit Companions, CapitalG, Amit Agarwal, and Frank Slootman.
Buyers within the spherical: Adam D’Angelo, Benchmark, DST World, Felicis, Common Catalyst, Jack Dorsey, Larry Summers, Menlo Ventures, Peter Thiel
Trade: Cyber Safety, Doc Administration, Info Providers, Software program, Software program Engineering
Founders: Christopher Matarese, Eric Herrera, Sal Sferlazza
Founding 12 months: 2013
Location: Austin
Whole fairness funding raised: $761.5M
1. Saronic $600.0M
Spherical: Collection C
Description: Austin-based Saronic designs and manufactures unmanned floor autos for maritime safety and area consciousness. Based by Dino Mavrookas, Doug Lambert, Rob Lehman, and Vibhav Altekar in 2022, Saronic has now raised a complete of $845.0M in complete fairness funding and is backed by Andreessen Horowitz, Common Catalyst, Lightspeed Enterprise Companions, 8VC, and Caffeinated Capital.
Buyers within the spherical: Felicis, Harpoon, Lightspeed Enterprise Companions, Menlo Ventures, Redpoint, Sequoia Capital
Trade: Synthetic Intelligence (AI), Manufacturing, Marine Expertise, Navy, Safety
Founders: Dino Mavrookas, Doug Lambert, Rob Lehman, Vibhav Altekar
Founding 12 months: 2022
Location: Austin
Whole fairness funding raised: $845.0M
The TechWatch Media Group viewers is driving progress and innovation on a worldwide scale. With its regional media properties (NYC Tech, LA Tech, London Tech)TechWatch Media Group is the freeway for expertise and entrepreneurship. There are a variety of choices to achieve this viewers of the world’s most progressive organizations and startups at scale together with growing distinguished model placement, driving demand technology, and constructing thought management among the many overwhelming majority of key influencers within the international enterprise group and past. Learn how to associate with us to drive a return in your advertising funding right here.