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 1/13/24 featuring funding details for Luma AI, Rune Labs, Burro, and seventeen other deals representing $438M in new funding that you need to know about.
Artisight – $42.0M
Chicago-based Artisight is an IoT sensor network for healthcare to provide virtual care, quality improvement, and care coordination solutions. Founded by Andrew Gostine, Garrett Larance, and Timothy Koby in 2017, Artisight has now raised a total of $42.0M in total equity funding and is backed by NVIDIA.
120Water – $43.0M
Zionsville-based 120Water is a cloud-based system for water management, ensuring safety and compliance in organizations’ water systems. Founded by Chris Baggott, Dave Kohl, and Megan Glover in 2016, 120Water has now raised a total of $54.5M in total equity funding and is backed by Allos Ventures and Edison Partners.
Peerlogic – $5.7M
Scottsdale-based Peerlogic is a call analytics solution for dental practices and medical practices, creating data-driven business growth. Founded by Alex Maskovyak, Ana Tomboulian, and Ryan Miller in 2018, Peerlogic has now raised a total of $7.9M in total equity funding and is backed by AZ-VC, Cervin Ventures, In Revenue Capital, Revere Partners, and Singularity Capital.
Burro – $24.0M
Philadelphia-based Burro is a robotics firm developing an autonomous platform to free growers from tedious tasks, fostering greater autonomy. Founded by Charles Andersen, Deniz Ilhan, Terry Scott, and Vibhor Sood in 2017, Burro has now raised a total of $36.7M in total equity funding and is backed by Catalyst Investors, Cibus Fund, F-Prime Capital, S2G Ventures, Toyota Ventures, and Translink Capital.
Care Continuity – $10.0M
Dallas-based Care Continuity is a healthcare logistics company that provides care coordination and technology solutions. Founded by Andrew Thorby in 2014, Care Continuity has now raised a total of $19.7M in total equity funding and is backed by Empactful Capital LLC, Flat Creek Capital, and Viewside Capital Partners.
When incredibly rare and valuable assets come up for sale, it’s typically the wealthiest people that end up taking home an amazing investment. But not always…
One platform is taking on the billionaires at their own game, buying up and fractionalizing some of history’s most prized blue-chip artworks for its investors.
It’s called Masterworks. Their nearly $1 billion collection includes works by greats like Banksy, Picasso, and Basquiat, all of which are collectively owned by everyday investors. When Masterworks sells a painting – like the 16 it’s already sold – investors could share in the profits.
Offerings can sell out in minutes, but AlleyWatch readers can skip the waitlist with this exclusive link.
Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd
Echo Labs – $7.7M
San Francisco-based Echo Labs is developing the first artificial intelligence capable of human-level transcribing. Founded by Edward Aguilar in 2023, Echo Labs has now raised a total of $7.7M in total equity funding and is backed by Basis Set Ventures, Daniel Gross, Dundee Venture Capital, Nat Friedman, and Techstars.
Geminus – $13.0M
Cambridge-based Geminus is pioneering AI for engineering and science, delivering new, disruptive AI approaches based on physics. Founded by Greg Fallon, Kamesh Raghavendra, and Karthik Duraisamy in 2018, Geminus has now raised a total of $22.9M in total equity funding and is backed by SLB.
Impact Analytics – $40.0M
Linthicum Heights-based Impact Analytics is a business intelligence company that utilizes AI to help businesses make decisions. Founded by Prashant Agrawal in 2015, Impact Analytics has now raised a total of $61.8M in total equity funding and is backed by Sageview Capital and Vistara Growth.
Karma Wallet – $2.0M
Raleigh-based Karma Wallet is a fintech startup that uses advanced technology and impact data to promote sustainability. Founded by Jayant Khadilkar and Kedar Karkare in 2019, Karma has now raised a total of $7.5M in total equity funding and is backed by Triangle Tweener Fund.
KlariVis – $11.0M
Roanoke-based KlariVis is a proprietary data analytics software platform. Founded by Kim Snyder in 2018, KlariVis has now raised a total of $13.5M in total equity funding and is backed by Blueprint Equity.
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Luma AI – $43.0M
Palo Alto-based Luma AI is a generative AI startup that enables users to transform text descriptions into corresponding 3D models. Founded by Alberto Taiuti, Alex Yu, and Amit Jain in 2021, Luma AI has now raised a total of $68.5M in total equity funding and is backed by Amplify Partners, Andreessen Horowitz, General Catalyst, Matrix, NVIDIA, and South Park Commons.
Sway – $19.5M
Venice-based Sway is a provider of shipping services that allows returning an online purchase without leaving home. Founded by Eric Wimer and Kristian Zak in 2020, Sway has now raised a total of $24.5M in total equity funding and is backed by 7GC & Co, Blackhorn Ventures, LightShed Ventures, and Revolution.
Second Dinner Studios – $100.0M
Irvine-based Second Dinner Studios is an independent game development company. Founded by Ben Brode and Jomaro Kindred in 2018, Second Dinner Studios has now raised a total of $130.0M in total equity funding and is backed by Griffin Gaming Partners.
XRHealth – $6.0M
Needham-based XRHealth is a telemedicine company that uses virtual reality and augmented reality solutions for healthcare applications. Founded by Eran Orr in 2016, XRHealth has now raised a total of $40.3M in total equity funding and is backed by Asabys Partners and NOVA Prime Fund.
ThayerMahan – $20.0M
Groton-based ThayerMahan is a provider of marine robotic solutions for the government and industry. Founded by John Kao and Mike Connor in 2016, ThayerMahan has now raised a total of $61.5M in total equity funding and is backed by AE Industrial Partners, MC2 Security Fund , Hanwha Asset Management, I Squared Capital, and Yellow Submarine.
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Rune Labs – $12.0M
San Francisco-based Rune Labs is a software and data platform for neuromodulation and brain therapies of the future. Founded by Brian Pepin in 2016, Rune Labs has now raised a total of $41.3M in total equity funding and is backed by DigiTx Partners, Eclipse Ventures, Moment Ventures, Nexus NeuroTech, and TruVenturo.
anecdotes – $25.0M
Palo Alto-based anecdotes empowers compliance leaders with innovation by streamlining their infosec compliance efforts. Founded by Eitan Adler, Roi Amior, and Yair Kuznitsov in 2020, anectdotes has now raised a total of $55.0M in total equity funding and is backed by DTCP, Glilot Capital Partners, Red Dot Capital Partners, Shasta Ventures, Vertex Ventures, and Vintage Investment Partners.
Resynergi – $6.4M
Rohnert Park-based Resynergi focuses on the global problem of waste plastics. Founded by Brian Bauer and Jason Tanne in 2015, Resynergi has now raised a total of $6.4M in total equity funding and is backed by Lummus Technology and Transitions First.
Rincell – $1.2M
San Francisco-based Rincell manufactures advanced Lithium-ion and non lithium-ion batteries. Founded by Jagjit Nanda and Jignesh Parikh in 2023, Rincell has now raised a total of $1.2M in total equity funding and is backed by NextGen Battery Chem Ventures.
Parallel Learning – $6.1M
New York-based Parallel is the first tech-forward provider of learning assessments and support services for students with learning differences. Founded by Diana Heldfond in 2020, Parallel Learning has now raised a total of $28.9M in total equity funding and is backed by Rethink Impact.
When incredibly rare and valuable assets come up for sale, it’s typically the wealthiest people that end up taking home an amazing investment. But not always…
One platform is taking on the billionaires at their own game, buying up and fractionalizing some of history’s most prized blue-chip artworks for its investors.
It’s called Masterworks. Their nearly $1 billion collection includes works by greats like Banksy, Picasso, and Basquiat, all of which are collectively owned by everyday investors. When Masterworks sells a painting – like the 16 it’s already sold – investors could share in the profits.
Offerings can sell out in minutes, but AlleyWatch readers can skip the waitlist with this exclusive link.