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 fundings for the week ending 10/31/20 featuring funding details for ShearShare, Jiko, Hubilo, and twenty-one more rounds you must know about.
Eagle Eye Networks$40.0M – Series EAustin-based Eagle Eye Networks is a cloud video surveillance company that is transitioning all aspects of traditional video surveillance to the cloud. Founded by Dean Drako in 2012, Eagle Eye Networks has now raised a total of $75.0M in total equity funding and is backed by Accel.
DriveWealth$56.7M – Series CChatham-based DriveWealth is a digital trading technology company that develops a cloud-based API-driven brokerage infrastructure. Founded by Robert Cortright in 2012, DriveWealth has now raised a total of $86.1M in total equity funding and is backed by investors that include Fidelity International Strategic Ventures, Mouro Capital, Point72 Ventures, Raptor Group, Route 66 Ventures, and SBI Group.
Gig Wage$7.5M – Series ADallas-based Gig Wage is a fintech payroll company for gig workers and contractors. Founded by Craig Jamal Lewis in 2014, Gig Wage has now raised a total of $10.7M in total equity funding and is backed by investors that include Continental Investors, Green Dot, Revolutionâs Rise of the Rest Seed Fund, and Techstars.
Panoply$10.0M – Series BSan Francisco-based Panoply is a smart cloud data warehouse that automates the collection, modeling, and scaling of any data. Founded by Roi Avinoam and Yaniv Leven in 2015, Panoply has now raised a total of $24.3M in total equity funding and is backed by investors that include CE Ventures (CEIIF), Ibex Investors, and Intel Capital.
Jiko$40.0M – Series AOakland-based Jiko is a fintech company that automatically invests money in liquid US government-backed securities. Founded by Rocky Motwani and Stephane Lintner in 2016, Jiko has now raised a total of $49.4M in total equity funding and is backed by investors that include Nyca Partners, Radicle Impact, Red River West, Upfront Ventures, and Wafra Investment Advisory Group.
Odaseva$25.0M – Series BSan Francisco-based Odaseva is a unified cloud data protection, compliance, and operations platform for enterprises running Salesforce. Founded by Richard Zolezzi, Remy Claret, Sovan Bin, and Vincent Delamarre in 2012, Odaseva has now raised a total of $39.0M in total equity funding and is backed by investors that include Eight Roads Ventures, F-Prime Capital, Partech, Salesforce Ventures, and Serena.
Hubilo$4.5M – SeedWilmington-based Hubilo is a virtual events platform that utilizes a range of insights to track attendee engagement & other event-related data. Founded by Mayank Agarwal and Vaibhav Jain in 2014, Hubilo has now raised a total of $4.5M in total equity funding and is backed by investors that include Abinash Tripathy, Girish Mathrubootham, Jonathan Boutelle, Lightspeed Venture Partners, and Nishant Rao.
Pony.ai$300.0M – VentureFremont-based Pony.ai is a developer of an autonomous driving technology used for the manufacturing of automated vehicles. Founded by James Peng and Tiancheng Lou in 2016, Pony.ai has now raised a total of $1.0B in total equity funding and is backed by investors that include FAW Group and Ontario Teachers’ Pension Plan.
Finmark$5.0M – SeedRaleigh-based Finmark is financial planning software for startups; making it simple for companies to manage their runway, hiring, and cash. Founded by Greg Lissy, Jeremy Neuberger, and Rami Essaid in 2020, Finmark has now raised a total of $5.1M in total equity funding and is backed by investors that include AAF Management Ltd., AltaIR Capital, Bessemer Venture Partners, Draper Associates, Green Visor Capital, IDEA Fund Partners, and Promus Ventures.
Pulumi$37.5M – Series BSeattle-based Pulumi is a Seattle-based cloud engineering company that offers a way to build, connect, and run modern cloud applications. Founded by Eric Rudder and Joe Duffy in 2017, Pulumi has now raised a total of $57.5M in total equity funding and is backed by investors that include Madrona Venture Group, New Enterprise Associates, and Tola Capital.
Rockset$40.0M – Series BSan Mateo-based Rockset is a real-time indexing database company. Founded by Dhruba Borthakur and Venkat Venkataramani in 2016, Rockset has now raised a total of $61.5M in total equity funding and is backed by investors that include Greylock and Sequoia Capital.
Forethought$17.0M – Series BSan Francisco-based Forethought builds AI systems that boost customer support productivity by embedding information retrieval into existing workflows. Founded by Deon Nicholas and Sami Ghoche in 2017, Forethought has now raised a total of $27.0M in total equity funding and is backed by investors that include Geodesic Capital, James Todd Smith, K9 Ventures, Kelvin Beachum Jr., Neo, New Enterprise Associates, Operator Collective, Original Capital, Ryan Smith, Sean Combs, and Sound Ventures.Plan your campaign for 2021!
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Onfleet$14.0M – Series ASan Francisco-based Onfleet is a technology company that develops last-mile delivery management software. Founded by David Vetrano, Khaled Naim, and Mikel CÃ¡rmenes Cavia in 2012, Onfleet has now raised a total of $18.9M in total equity funding and is backed by investors that include Kennet Partners.
Slingshot Aerospace$8.0M – Series AAustin-based Slingshot Aerospace offers innovative satellite, aerial, and drone signal processing AI and analytics capabilities. Founded by David Godwin, Melanie Stricklan, and Thomas Ashman in 2016, Slingshot Aerospace has now raised a total of $17.8M in total equity funding and is backed by investors that include ATX Venture Partners, Glenn S. Degenaars, Gregory Mead, Keith Masback, Marie-Alicia Chang, Okapi Venture Capital, Revolutionâs Rise of the Rest Seed Fund, and Techstars Ventures.
ShearShare$1.7M – SeedMckinney-based ShearShare is the first B2B marketplace that connects salon and barbershop owners to stylists to fill their empty space on demand. Founded by Courtney Caldwell and Dr. Tye Caldwell in 2015, ShearShare has now raised a total of $3.3M in total equity funding and is backed by investors that include 500 Startups.
Capacity$11.0M – Series CSaint Louis-based Capacity is an AI-powered helpdesk that automates support for customers and employees. Founded by Chris Sims and David Karandish in 2017, Capacity has now raised a total of $34.5M in total equity funding and is backed by investors that include Rice Park Capital Management.
Honor$140.0M – Series DSan Francisco-based Honor is a home-care technology company that partners with local agencies to provide reliable, high-quality in-home care. Founded by Cameron Ring, Monica Lo, Sandy Jen, and Seth Sternberg in 2014, Honor has now raised a total of $255.0M in total equity funding and is backed by investors that include 8VC, Andreessen Horowitz, Baillie Gifford, Prosus Ventures, Rock Springs Capital, T. Rowe Price, and Thrive Capital.
WHOOP$100.0M – Series EBoston-based WHOOP is a performance optimization system that tracks athlete recovery, training, and sleeping hours to help boost performance. Founded by Aurelian Nicolae, John Capodilupo, and Will Ahmed in 2012, WHOOP has now raised a total of $204.0M in total equity funding and is backed by investors that include Accomplice, CAVU Venture Partners, Collaborative Fund, D20 Capital, Eli Manning, IVP, Justin Thomas, Larry Fitzgerald, LionTree Partners, NextView Ventures, Patrick Mahomes, Promus Ventures, Rory McIlroy, SoftBank Vision Fund, Thirty Five Ventures, Thursday Ventures, and Two Sigma Ventures.
Scopely$340.0M – Series ECulver City-based Scopely is an interactive entertainment and mobile games company. Founded by Ankur Bulsara, Eric Futoran, Eytan Elbaz, and Walter Driver in 2011, Scopely has now raised a total of $998.5M in total equity funding and is backed by investors that include Baillie Gifford, Battery Ventures, BlackRock, Canada Pension Plan Investment Board, D1 Capital Partners, Declaration Partners, Eldridge, Greycroft, Highland Capital Partners, Moore Strategic Ventures, NewView Capital, Revolution Growth, Sands Capital Ventures, TSG Consumer Partners, and Wellington Management.
Lunchbox Technologies$20.0M – Series ANew York-based Lunchbox Technologies offers digital marketing and ordering solutions for brick and mortar restaurants. Founded by Andrew Boryk, Hadi Rashid, Mohammad Afzal, and Nabeel Alamgir in 2019, Lunchbox Technologies has now raised a total of $22.1M in total equity funding and is backed by investors that include 645 Ventures, Bryan Ciambella, Coatue, Michael Vaughan, Primary Venture Partners, Reshma Saujani, Robert Earl, Scott Belsky, and Tom Colicchio.
Ordermark$120.0M – Series CLos Angeles-based Ordermark is an online ordering management system for restaurants. Founded by Alex Canter, Jay Fuhr, Michael Jacobs, and Paul Allen in 2017, Ordermark has now raised a total of $150.6M in total equity funding and is backed by investors that include Act One Ventures and SoftBank Vision Fund.
Hermeus$16.0M – Series AAtlanta-based Hermeus is developing Mach 5 aircraft to speed up the global transportation network. Founded by AJ Piplica, Glenn Case, Michael Smayda, and Skyler Shuford in 2018, Hermeus has now raised a total of $16.0M in total equity funding and is backed by investors that include Bling Capital, Canaan Partners, Khosla Ventures, and Revolutionâs Rise of the Rest Seed Fund.
Arable$20.0M – Series BSan Francisco-based Arable is a developer of a software for agriculture that helps digitize and optimize decisions from seed breeding to food production. Founded by Adam Wolf, Ben Siegfried, and Kelly Caylor in 2014, Arable has now raised a total of $29.8M in total equity funding and is backed by investors that include Ajax Strategies, Chasefield Capital, M2O, Middleland Capital, Nassau Street Ventures, Prelude Ventures, S2G Ventures, and Tridon.
Kandji$21.0M – Series ASan Diego-based Kandji is a next-generation Apple device management platform for macOS, iOS, iPadOS, and tvOS. Founded by Adam Pettit, Mark Daughters, and Wesley Pettit in 2018, Kandji has now raised a total of $28.4M in total equity funding and is backed by investors that include B Capital Group, First Round Capital, Greycroft, and Okta Ventures.