The Weekly Notable Startup Funding Report: 2/5/24

Republished By Plato

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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 2/3/24 featuring funding details for Compa, Owner, Watershed, and twenty other deals representing $791M in new funding that you need to know about.

Artera – $20.0M

Los Altos-based Artera develops multimodal artificial intelligence-based predictive and prognostic cancer tests to customize treatments for cancer patients. Founded by Andre Esteva in 2, Artera has now raised a total of $110.0M in total equity funding and is backed by A&E Investments, AIspace Ventures, EDBI, Navin Chaddha, Prosperity7 Ventures, Rajiv Khemani, Trium, Walden Catalyst, and Wilson Sonsini Goodrich & Rosati.

Cohere Health – $50.0M

Boston-based Cohere Health is a SaaS company that focuses on improving the efficiency and effectiveness of healthcare delivery. Founded by Duncan Reece and Siva Namasivayam in 2, Cohere Health has now raised a total of $96.1M in total equity funding and is backed by Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners.

Competera – $3.0M

New York-based Competera enables retailers and brands to increase customer trust by setting and maintaining optimal price positions on a real-time basis. Founded by Alexandr Galkin, Alexandr Sazonov, and Andrew Mikhailov in 2, Competera has now raised a total of $7.3M in total equity funding and is backed by Flyer One Ventures, SMRK VC Fund, StratMinds, and Verras Capital.

Foodsmart – $10.0M

San Francisco-based Foodsmart is a digital nutrition platform that uses personalized dietary recommendations to improve health outcomes. Founded by Jason Langheier in 2, Foodsmart has now raised a total of $109.8M in total equity funding and is backed by 62 Ventures, Advocate Aurora Health, American College of Cardiology, Intermountain Healthcare, and Memorial Hermann Foundation.

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Benepass – $20.0M

New York-based Benepass is a benefits administration platform that helps companies manage and distribute employee perks and benefits. Founded by Jaclyn Chen, Kabir Soorya, and Mark Fischer in 2, Benepass has now raised a total of $34.7M in total equity funding and is backed by Clocktower Technology Ventures, Gradient Ventures, Portage Ventures, Threshold, and Workday Ventures.

Metronome – $43.0M

San Francisco-based Metronome is a usage-based billing platform that helps companies to implement new business models and launch products faster. Founded by Kevin Liu and Scott Woody in 2, Metronome has now raised a total of $78.0M in total equity funding and is backed by Andreessen Horowitz, General Catalyst, and New Enterprise Associates.

Inari – $103.0M

Cambridge-based Inari is a biotechnology company that aims to transform agriculture and its impact on society and the environment. Founded by David Berry, Ignacio Martinez, and John Casey in 2, Inari has now raised a total of $564.0M in total equity funding and is backed by Canada Pension Plan Investment Board, Flagship Pioneering, Hanwha Impact Partners, NGS Super, Rivas Capital, Rokos Capital Management, and State of Michigan Retirement System.

Inngest – $6.1M

San Francisco-based Inngest is the developer platform for easily building reliable workflows with zero infrastructure. Founded by Dan Farrelly, Tina Zheng, and Tony Holdstock-Brown in 2, Inngest has now raised a total of $10.6M in total equity funding and is backed by Afore Capital, Andreessen Horowitz, GGV Capital, and Guillermo Rauch.

Mountaintop Studios – $30.0M

San Francisco-based Mountaintop Studios is a game studio creating multiplayer games. Founded by Mark Terrano and Nate Mitchell in 2, Mountaintop Studios has now raised a total of $86.0M in total equity funding and is backed by Abstract Ventures, Andreessen Horowitz, Anthos Capital, BoxGroup, Cohh Carnage, iiTzTimmy .., Rx3 Growth Partners, Sacriel .., Shroud (Michael Grzesiek), Spark Capital, tarik .., and vgames.

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Kore.ai – $150.0M

Orlando-based Kore.ai offers AI-powered virtual assistants and applications for enhancing customer and employee experiences across various industries. Founded by Raj Koneru in 2, Kore.ai has now raised a total of $203.5M in total equity funding and is backed by Beedie Capital, FTV Capital, NextEquity Partners, Nicola Wealth Management, NVIDIA, Sweetwater Capital Partners, and Vistara Growth.

LoanStar Technologies – $28.0M

Swarthmore-based LoanStar works with lenders of all sizes to design, deploy and power instant indirect consumer lending at the point-of-sale. Founded by Andrew Turner and Craig Haynes in 2, LoanStar Technologies has now raised a total of $30.2M in total equity funding and is backed by Ben Franklin Technology Partners of Southeastern Pennsylvania, Launch CUSO Holdings, Monarch Global Strategies, Sageview Capital, and Trumark Financial Credit Union.

Owner – $33.0M

Palo Alto-based Owner.com develops a digital marketing platform to help restaurants generate revenue and manage their online presence. Founded by Adam Guild and Dean Bloembergen in 2, Owner has now raised a total of $62.2M in total equity funding and is backed by Activant Capital, Altman Capital, Horsley Bridge Partners, Redpoint, and Transpose Platform Management.

Plex – $40.0M

Los Gatos-based Plex offers streaming of movies, TV shows, and music, plus personal media organization across devices. Founded by Cayce Ullman, Elan Feingold, and Scott Olechowski in 2, Plex has now raised a total of $86.0M in total equity funding and is backed by Intercap and Kleiner Perkins.

Portal – $34.0M

San Francisco-based Portal is a financial services company that trades crypto without putting coins at risk. Founded by Chandra Duggirala, Eric Martindale, George Burke, Manoj Duggirala, and Travis Skweres in 2, Portal has now raised a total of $42.5M in total equity funding and is backed by Arrington XRP Capital, Coinbase Ventures, Gate.io, and OKX Ventures.

Reken – $10.0M

San Francisco-based Reken is an AI & cybersecurity firm building a new type of AI platform and products to protect against generative AI-enabled fraud. Founded by Rich Griffiths and Shuman Ghosemajumder in 2, Reken has now raised a total of $10.0M in total equity funding and is backed by Fika Ventures, Firebolt Ventures, FPV Ventures, Gokul Rajaram, Greycroft, Homebrew, Jazz Venture Partners, Omega Venture Partners, Sequoia Scout, and Vishal Vasishth.

SPR Therapeutics – $25.0M

Cleveland-based SPR Therapeutics is a medical device company. Founded by Geoffrey Thrope and Maria E. Bennett in 2, SPR Therapeutics has now raised a total of $108.4M in total equity funding and is backed by Mutual Capital Partners, RC Capital, and Revelation Partners.

Compa – $10.0M

Newport Beach-based Compa is making compensation fair and competitive for everyone by removing barriers to effective decision-making. Founded by Charlie Franklin, Joe Malandruccolo, and Taylor Cone in 2, Compa has now raised a total of $13.9M in total equity funding and is backed by Acadian Ventures, Base10 Partners, HR Tech Investments LLC, NJP Ventures, Penny Jar Capital, and Storm Ventures.

Venue – $1.2M

Brooklyn-based Venue empowering finance teams with AI. Founded by TK Kong in 2, Venue has now raised a total of $1.2M in total equity funding and is backed by basecase capital, Exponent Founders Capital, and Sequoia Capital.

Vital Interaction – $15.0M

Austin-based Vital Interaction is a software provider specialized in automating complex communication workflows. Founded by Hugo Diaz and Lawson Boothe in 2, Vital Interaction has now raised a total of $20.0M in total equity funding and is backed by Michael Dearing, Next Coast Ventures, and Walter Kortschak.

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Watershed – $100.0M

San Francisco-based Watershed serves as an enterprise climate platform utilized by companies to assess, report, and address their carbon emissions. Founded by Avi Itskovich, Christian Anderson, and Taylor Francis in 2, Watershed has now raised a total of $239.0M in total equity funding and is backed by Elad Gil, Emerson Collective, Galvanize Climate Solutions, Greenoaks, Kleiner Perkins, Neo, and Sequoia Capital.

LightBeam.ai – $17.8M

Palo Alto-based LightBeam.ai employs a zero-trust data protection approach to streamline and unify data security, privacy, and AI governance. Founded by Aditya Ramesh, Himanshu Shukla, and Priyadarshi Prasad in 2, LightBeam.ai has now raised a total of $22.3M in total equity funding and is backed by 8VC, Dropbox Ventures, Vertex Ventures US, and Village Global.

Boston Metal – $20.0M

Woburn-based Boston Metal develops Molten Oxide Electrolysis (MOE), an electric-powered tech to decarbonize steelmaking and transform metal production. Founded by Antoine Allanore, Donald Sadoway, and Jim Yurko in 2, Boston Metal has now raised a total of $352.0M in total equity funding and is backed by Marunouchi Innovation Partners.

Avation Medical – $22.0M

Columbus-based Avation Medical is pioneering new platforms for wearable nerve stimulation systems. Founded by Jill Schiaparelli and Kevin Wasserstein in 2, Avation Medical has now raised a total of $34.9M in total equity funding and is backed by Angelini Ventures, Arboretum Ventures, Asahi Kasei, Avestria Ventures, JobsOhio Growth Capital Fund, Medtronic, Shangbay Capital, and Tonkawa Investments.