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 2/15/25 featuring funding details for Apptronik ($350M), Harvey ($300M), QuEra Computing ($230M), and twenty other deals representing $1.4B in new funding that you need to know about.
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Apptronik – $350.0M
ROBOTICS
Austin-based Apptronik designs and builds human-centered robotics systems. Founded by Bill Helmsing, Jeffrey Cardenas, and Nicholas Paine in 2016, Apptronik has now raised a total of $378.5M in reported equity funding and is backed by B Capital, Capital Factory, Google, and Trajectory Ventures.
Harvey – $300.0M
LEGAL TECH
San Francisco-based Harvey provides AI-driven tools to assist legal professionals with research, document review, and contract analysis. Founded by Gabe Pereyra and Winston Weinberg in 2022, Harvey has now raised a total of $506.0M in reported equity funding and is backed by Coatue, Conviction Partners, Elad Gil, Google Ventures, Kleiner Perkins, OpenAI Startup Fund, REV, and Sequoia Capital.
QuEra Computing – $230.0M
QUANTUM COMPUTING
Boston-based QuEra Computing is a neutral-atoms-based quantum computing startup. Founded by Dirk Englund, John Pena, Markus Greiner, Mikhail Lukin, Nathan Gemelke, and Vladan Vuletic in 2018, QuEra Computing has now raised a total of $247.0M in reported equity funding and is backed by Alphabet, Google, QVT Financial, Safar Partners, SoftBank Vision Fund, and Valor Equity Partners.
Chestnut Carbon – $160.0M
CLEANTECH
New York-based Chestnut Carbon develops nature-based projects to generate carbon removal credits and support net-zero initiatives. Founded by Ben Dell in 2022, Chestnut Carbon has now raised a total of $360.0M in reported equity funding and is backed by Cloverlay, CPP Investments, DBL Partners, and Kimmeridge.
K2 Space – $110.0M
SPACE TECH
Torrance-based K2 Space develops innovative satellite buses, supporting space missions with efficient design and performance across various orbits. Founded by Karan Kunjur and Neel Kunjur in 2022, K2 Space has now raised a total of $175.5M in reported equity funding and is backed by Alpine Space Ventures, Altimeter Capital, First Round Capital, and Lightspeed Venture Partners.
EnCharge AI – $100.0M
AI HARDWARE
Santa Clara-based EnCharge AI designs analog in-memory-computing AI chips and develops AI systems for AI computing. Founded by Echere Iroaga, Kailash Gopalakrishnan, and Naveen Verma in 2022, EnCharge AI has now raised a total of $144.3M in reported equity funding and is backed by ACVC, AlleyCorp, Anzu Partners, Capital TEN, Constellation Technology Ventures, CTBC Capital, HH-CTBC Partnership, IQT, Maverick Silicon, Morgan Creek Digital, RTX Ventures, S5V, Samsung Ventures, Scout Ventures, SIP Global Partners, Tiger Global Management, Vanderbilt University, VentureTech Alliance, and Zero Infinity Partners.
Stellaromics – $80.0M
BIOTECH
Natick-based Stellaromics is a biotechnology company that specializes in 3D in situ multi-omic analysis technology. Founded by Karl Deisseroth, Xiao Wang, and Ye Fu in 2022, Stellaromics has now raised a total of $105.0M in reported equity funding and is backed by Catalyst4 and Stanford University.
Sardine – $70.0M
FINTECH
Miami-based Sardine is fraud prevention and compliance software company for the digital economy. Founded by Aditya Goel, Soups Ranjan, and Zahid Shaikh in 2020, Sardine has now raised a total of $145.6M in reported equity funding and is backed by Activant Capital, Andreessen Horowitz, Cross Creek, Experian Ventures, Geodesic Capital, Google Ventures, Moody’s, NAventures, and Nyca Partners.
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Candid Health – $52.5M
HEALTHTECH
San Francisco-based Candid Health provides an automation platform for healthcare revenue cycle management. Founded by Adam Reis, Doug Proctor, and Nick Perry in 2019, Candid Health has now raised a total of $115.8M in reported equity funding and is backed by Oak HC/FT.
OLIPOP – $50.0M
CONSUMER BEVERAGES
Oakland-based OLIPOP is the clinically backed consumer beverage that meets consumer’s real-world taste preferences in a delicious tonic. Founded by Ben Goodwin and David Lester in 2017, OLIPOP has now raised a total of $92.5M in reported equity funding and is backed by J.P. Morgan Growth Equity Partners.
Fal – $49.0M
AI DEVELOPMENT
San Francisco-based Fal is a generative media platform that helps developers create applications using AI models. Founded by Burkay Gur and Gorkem Yurtseven in 2021, Fal has now raised a total of $72.0M in reported equity funding and is backed by Andreessen Horowitz, Bessemer Venture Partners, First Round Capital, Kindred Ventures, and Notable Capital.
Endera – $36.0M
ELECTRIC VEHICLES
San Diego-based Endera is a technology company that designs, sells, and services premium all-electric commercial vehicle solutions. Founded by John Walsh in 2019, Endera has now raised a total of $62.6M in reported equity funding and is backed by Magnetar Capital, Pritchard Companies, and Pulse Fund.
Antithesis – $30.0M
SOFTWARE TESTING
Vienna-based Antithesis is a cloud platform that autonomously tests software reliability in a simulated environment without impacting production. Founded by Will Wilson in 2018, Antithesis has now raised a total of $77.0M in reported equity funding and is backed by Amplify Partners and Spark Capital.
QuSecure – $28.0M
CYBERSECURITY
San Mateo-based QuSecure provides post-quantum cryptography software solutions that offer traditional and cyber threat protection services. Founded by Austin Bosarge, Dave Krauthamer, Garrison Buss, Konstantin Vilk, Rebecca Krauthamer, and Skip Sanzeri in 2019, QuSecure has now raised a total of $42.2M in reported equity funding and is backed by Accenture Ventures and Two Bear Capital.
Epicore Biosystems – $26.0M
HEALTH MONITORING
Cambridge-based Epicore Biosystems is a digital health solutions company that develops sweat-sensing wearables, providing personalized health insights. Founded by AJ Aranyosi, Jeffrey Model, Roozbeh Ghaffari, and Stephen Lee in 2017, Epicore Biosystems has now raised a total of $35.9M in reported equity funding and is backed by Steele Foundation for Hope.
Mast Reforestation – $25.0M
CLIMATE TECH
Seattle-based Mast Reforestation is a tech-led reforestation company that provides seedling, project management, and carbon removal credits for forests. Founded by Grant Canary and Ryan Mykita in 2015, Mast Reforestation has now raised a total of $66.4M in reported equity funding and is backed by Asymmetry Ventures, Climate Avengers, Climate Capital, Drone.VC, Elemental Impact, Gaingels, Julius Genachowski, Massive, Pulse Fund, Resilience Reserve, Seven Seven Six, Social Capital, Spero Ventures, and Techstars.
Andesite AI – $23.0M
CYBERSECURITY
Mclean-based Andesite AI is a cyber and security company that builds a product for human-AI collaboration in cyber defense. Founded by Brian Carbaugh and Grant L. Verstandig in 2023, Andesite AI has now raised a total of $38.3M in reported equity funding and is backed by General Catalyst and Red Cell Partners.
Boostly – $22.0M
MARKETING TECH
Lehi-based Boostly uses SMS marketing to automatically engage the restaurant’s customers to drive additional future orders. Founded by Mikey Murphy and Shane Murphy in 2017, Boostly has now raised a total of $27.6M in reported equity funding and is backed by PeakSpan Capital, Singularity Capital, Trestle Partners, and Y Combinator.
ConverzAI – $16.0M
HR TECH
Seattle-based ConverzAI provides AI-powered virtual recruiters that automate and streamline the recruitment process. Founded by Ashwarya Poddar in 2019, ConverzAI has now raised a total of $21.0M in reported equity funding and is backed by Afore Capital, Foundation Capital, Left Lane Capital, and Menlo Ventures.
Suger – $15.0M
ENTERPRISE SOFTWARE
San Francisco-based Suger is a marketplace platform to manage product listings, offers, contracts, metering, and billing. Founded by Chengjun Yuan, Jon Yoo, and Ruming Zhen in 2022, Suger has now raised a total of $18.5M in reported equity funding and is backed by Celero Ventures, Craft Ventures, GSBackers, Intel Capital, Matthew McIlwain, Pioneer Fund, Threshold, and Y Combinator.
Tofu – $12.0M
MARKETING TECH
San Francisco-based Tofu offers a single platform for generating multichannel campaigns at scale that deliver opportunities for B2B marketing teams. Founded by Elaine Zelby, Eunjoon Cho, and Honglei Liu in 2023, Tofu has now raised a total of $17.0M in reported equity funding and is backed by Alumni Ventures, Correlation Ventures, Eudemian Ventures, HubSpot Ventures, Index Ventures, Liquid 2 Ventures, Riverside Ventures, SignalFire, Stage 2 Capital, and Tau Ventures.
Nirmata – $9.6M
CLOUD INFRASTRUCTURE
San Jose-based Nirmata provides SaaS for unified governance, security, and compliance for cloud-native applications and infrastructure. Founded by Damien Toledo, Jim Bugwadia, and Ritesh Patel in 2017, Nirmata has now raised a total of $13.6M in reported equity funding and is backed by Dallas Venture Capital, Dreamit Ventures, Peak XV Partners, Uncorrelated Ventures, and Z5 Capital.
Keychain – $5.0M
CPG
New York-based Keychain is a CPG production platform that collaborates with retailers and brands. Founded by Jordan Weitz, Oisin Hanrahan, and Umang Dua in 2023, Keychain has now raised a total of $40.5M in reported equity funding and is backed by Bright Pixel (formerly Sonae IM).