The Weekly Notable Startup Funding Report: 7/22/24 – AlleyWatch

The Weekly Notable Startup Funding Report takes us on a journey through various ecosystems across the U.S., highlighting some of the notable funding activity in the various markets we track. The notable startup funding rounds for the week ending 7/20/24 include funding details for Kandji, Arcee.ai, Vectara, and eleven other deals representing $651 million in new funding that you should know about.

DataCore Software – $60.0M

DataCore Software, based in Fort Lauderdale, is a provider specializing in storage virtualization, storage management, and storage networking. Founded by George S. Teixeira, John Bocskor, Roni Putra, and Ziya Aral in 1998, DataCore Software has now raised a total of $164.7 million in equity financing and is backed by Vistara Growth.

aiXplain – $6.5 million

aiXplain, based in Los Gatos, is a no-code low-code AI IDE and marketplace for small and medium-sized enterprises offering Large Language Models, GPT, and multimodal AI. Founded in 2020 by Hassan Sawaf, aiXplain has raised a total of $14.5 million in equity funding and is backed by Kane Minkus and Osama Elkady.

itselectric – $6.5 million

Brooklyn-based itselectric is an electric car charging station purpose-built for drivers who park their cars on the street. Founded by Nathan King and Tiya Gordon in 2021, itselectric has now raised a total of $8.8 million in equity funding and is backed by Failup Ventures, Gratitude Railroad, Halogen Ventures, Los Angeles Cleantech Incubator, Newlab, Partnership Fund for New York City, Pulse Fund, Tale Venture Partners, The Equity Alliance, The Helm, and Uber. AlleyWatch broke the news in exclusive coverage of the round and more – Itselectric Raises $6.5M to Expand Its Network of Curbside Public Charging Stations in NYC and Beyond

Kandji – $100.0 million

Based in San Diego, Kandji is an Apple device management platform that enables secure and productive use of Mac, iPad, iOS and tvOS devices. Founded by Adam Pettit, Mark Daughters and Wesley Pettit in 2018, Kandji has now raised a total of $288.4 million in equity funding and is backed by General Catalyst.

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Saronic – $175.0 million

Based in Austin, Saronic designs and manufactures unmanned surface vehicles for maritime security and domain awareness. Founded by Dino Mavrookas, Doug Lambert, Rob Lehman, and Vibhav Altekar in 2022, Saronic has now raised a total of $245.0 million in equity funding and is backed by 8VC, Andreessen Horowitz, Caffeinated Capital, Elad Gil, NightDragon, and Silent Ventures.

Thyme Care – $55.0 million

Nashville-based Thyme Care is a healthcare company that provides oncology care management services. Founded by Bobby Green and Robin Shah in 2020, Thyme Care has now raised a total of $137.0 million in equity funding and is backed by AlleyCorp, Andreessen Horowitz, Concord Health Partners, CVS Health Ventures, Echo Health Ventures, Foresite Capital, Frist Cressey Ventures and Town Hall Ventures.

Vectara – $25.0 million

Based in Palo Alto, Vectara provides a generative AI product platform for embedding generative AI capabilities into applications. Founded by Amin Ahmad, Amr Awadallah, and Tallat Shafaat in 2022, Vectara has now raised a total of $53.5 million in equity funding and is backed by Alumni Ventures, FPV Ventures, Fusion Fund, Green Sands Equity, Mack Ventures, Race Capital, Samsung NEXT, and WVV Capital.

Vital Health – $16.0 million

Philadelphia-based Vitable Health provides primary care and mental health services through membership. Founded by Joseph Kitonga in 2020, Vitable Health has now raised a total of $24.8 million in equity funding and is backed by Cherryrock Capital, Citi Impact Fund, Commerce Ventures, First Round Capital, Newark Venture Partners, and Y Combinator.

Caliza – $8.5 million

Based in Miami, Caliza is building a global financial infrastructure that removes borders from trade. Founded by Ezra Kebrab in 2021, Caliza has now raised a total of $13.8 million in equity funding and is backed by Abstract Ventures, Alexandre Liuzzi, Class 5 Global, Digital Currency Group, Doug Scherrer, Initialized Capital, Kraynos Capital, New Form Capital, and Quona Capital.

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