The Weekly Notable Startup Funding Report: 10/16/23

The Weekly Notable Startup Funding Report: 10/16/23

Time Stamp: October 16, 2023 7:27 AM
Source Node: 2331556

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 10/14/23 featuring funding details for Cleablab, Main Street Health, Harbour, and fourteen other deals representing $709M in new funding that you need to know about.

AOA – $315.0M

Boulder-based AOA Dx is a biotech company developing cancer diagnostics in the field of women’s health. Founded by Alexander Fischer, Anna Jeter, and Oriana Papin Zoghbi in 2020, AOA has now raised a total of $24.6M in total equity funding and is backed by Adaptive Capital Partners, Astia, Cancer Fund, FemHealth Ventures, Good Growth Capital, Gore Range Capital, LabCorp Venture Fund, LongeVC, RH Capital, The Helm, VU Venture Partners, and Y Combinator.

Azul 3D – $25.0M

Skokie-based Azul 3D is a 3D printing company that offers a method of 3D printing that allows users to print structures from a wide range of materials. Founded by Chad A. Mirkin, David Walker, and James Hedrick in 2016, Azul 3D has now raised a total of $27.5M in total equity funding and is backed by Beta Lab, Dupont, and GS Futures.

Canopy – $21.0M

San Francisco-based Canopy Servicing is the most configurable loan management and servicing platform. Founded by Matt Bivons and Will Hanson in 2019, Canopy has now raised a total of $30.2M in total equity funding and is backed by Foundation Capital and Infinity Ventures.

Cleanlab – $8.0M

San Francisco-based Cleanlab automates data error detection and correction to help companies improve the quality of their datasets. Founded by Anish Athalye, Curtis Northcutt, and Jonas Mueller in 2021, Cleanlab has now raised a total of $30.0M in total equity funding and is backed by Bain Capital Ventures, Databricks Ventures, Menlo Ventures, and TQ Ventures.

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See important disclosures at masterworks.com/cd

Formant – $17.0M

San Francisco-based Formant is a monitoring and operations software that connects people, processes, sensors, and robots through a robotic approach platform. Founded by Jeff Linnell in 2017, Formant has now raised a total of $45.0M in total equity funding and is backed by BMW i Ventures, Ericsson, Goodyear Ventures, GS Futures, Hillsven Capital, Holman Growth Ventures, Intel Capital, Pelion Venture Partners, Picus Capital, SignalFire, and Thursday Ventures.

Harri – $15.0M

New York-based Harri is a cloud-based talent and workforce management platform designed for the hospitality industry. Founded by Luke Fryer in 2012, Harri has now raised a total of $90.2M in total equity funding and is backed by Atalaya Capital and Golub Growth.

Intento – $17.0M

San Francisco-based Intento is a machine translation and multilingual generative AI platform for global companies. Founded by Grigory Sapunov and Konstantin Savenkov in 2016, Intento has now raised a total of $11.9M in total equity funding and is backed by Courtyard Ventures, Davidovs Venture Collective, Flint Capital, I2BF Global Ventures, Scorpion Capital, and Somersault Ventures.

JETCOOL Technologies – $43.0M

Littleton-based JETCOOL Technologies is a hardware startup that develops compact cooling solutions for high-power electronics. Founded by Bernie Malouin in 2019, JETCOOL Technologies has now raised a total of $25.5M in total equity funding and is backed by Bosch Ventures, In-Q-Tel, Raptor Group, and Schooner Capital.

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Main Street Health – $70.0M

Nashville-based Main Street Health is a supplier of value-based, care-focused healthcare services designed to address rural wellness challenges. Founded by Brad Smith in 2021, Main Street Health has now raised a total of $342.0M in total equity funding and is backed by Centene, CVS Health, Echo Health Ventures, Elevance Health, LRVHealth, and Oak HC/FT.

Matic Insurance – $43.0M

Columbus-based Matic is a technology-driven insurance agency that provides home, auto, umbrella, and pet insurance services. Founded by Aaron Schiff and Benjamin Madick in 2014, Matic Insurance has now raised a total of $48.0M in total equity funding and is backed by Assurity Ventures, Cultivation Capital, IA Capital Group, Intuit, and TruStage.

Prophecy.io – $35.0M

Palo Alto-based Prophecy is a self-service data transformation platform for the enterprise Founded by Maciej Szpakowski, Raj Bains, Rohit Bakhshi, and Vikas Marwaha in 2017, Prophecy.io has now raised a total of $73.5M in total equity funding and is backed by Dallas Venture Capital, Databricks Ventures, Insight Partners, JP Morgan, SignalFire, and Singtel Innov8.

ScyllaDB – $18.0M

Sunnyvale-based ScyllaDB produces a NoSQL database compatible with Apache Cassandra and Amazon DynamoDB at 10x the throughput with reliably low latencies. Founded by Avi Kivity and Dor Laor in 2012, ScyllaDB has now raised a total of $103.0M in total equity funding and is backed by AB Private Credit Investors, AllianceBernstein, Eight Roads Ventures, Magma Venture Partners, Qualcomm Ventures, and TLV Partners.

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SHINE Technologies – $15.0M

Janesville-based SHINE Technologies is a fusion technology that inspects industrial components, produces medical isotopes, and recycles nuclear energy. Founded by Gregory Piefer in 2005, SHINE Technologies has now raised a total of $502.7M in total equity funding and is backed by Baillie Gifford and Fidelity Management and Research Company.

Commons Clinic – $17.0M

Los Angeles-based Commons Clinic is a multi-specialty clinic offering minimally-invasive surgical and conservative musculoskeletal care. Founded by Nick Aubin and Paulo da Costa in 2021, Commons Clinic has now raised a total of $30.5M in total equity funding and is backed by Courtside Ventures, Elliot Cohen, Floating Point, Michael West, RA Capital Management, and TIME BioVentures.

Harbour – $15.0M

San Francisco-based Harbour is a software company that provides e-signature and contract management. Founded by Eric Doversberger and Josh Elkes in 2019, Harbour has now raised a total of $15.0M in total equity funding and is backed by Jonathan Klein, Scribble Ventures, and The Palmer Company.

Optimize.health – $15.2M

Seattle-based Optimize.health is a provider of a digital healthcare platform that enables the deployment of Remote Patient Monitoring (RPM) programs. Founded by Chuks Onwuneme, Jeff LeBrun, and Otto Sipe in 2015, Optimize.health has now raised a total of $37.1M in total equity funding and is backed by 500 Global, Atento Capital, Bonfire Ventures, Daher Capital, Escalate Capital Partners, Foundry Group, Jumpstart Capital, Navigate Ventures LLC, OpenView, and SOSV.

Thread – $19.5M

Grand Forks-based Thread specializes in enterprise-scale autonomous data collection that delivers precise inspection insights. Founded by Jim Higgins, Josh Riedy, Joshua Riedy, and Travis Desell in 2019, Thread has now raised a total of $18.7M in total equity funding and is backed by Badlands Capital, Excell Partners, Generational Partners, Homegrown Capital, Minnkota Power Cooperative, O’Leary Ventures, and Rosecliff Ventures.

Now you might be thinking: “what the heck are you talking about?” But keep reading, because this investment platform’s users are already smiling all the way to the bank. Thanks to Masterworks, the award-winning platform for investing in blue-chip art.
Every single one of Masterworks’ 15 sales has returned a profit to investors, for a 100% positive net return track record. With 3 recent sales, Masterworks investors realized net annualized returns of 17.6%, 21.5% and 35%.

How does it work? Simple, Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. It files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece.

Shares of every offering are limited, but AlleyWatch readers can skip the waitlist to join with this exclusive link.

See important disclosures at masterworks.com/cd

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