DiscoverThe Bearhug Experience(Funding Recap #19) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/19/24
(Funding Recap #19) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/19/24

(Funding Recap #19) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/19/24

Update: 2024-10-23
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Here’s this week’s startup funding recap:


1. UptimeAI, led by Jagadish Gattu, has raised a $14 million Series A funding round. UptimeAI provides AI-based plant monitoring software to help industrial firms optimize asset performance and detect anomalies in sectors like oil, gas, and utilities.


2. ITpipes, led by Ned Bebawy, has raised a $20 million funding round. ITpipes offers AI-driven pipeline inspection technology to help municipalities manage waste and stormwater systems, streamlining data collection and analysis.


3. Guidewheel, led by Lauren Dunford, has raised a $31 million Series B funding round. Guidewheel’s AI-powered platform connects factory machines to create a real-time, learning system that reduces production downtime and improves efficiency.


4. Quantum Circuits, led by Ray Smets, has raised a $60 million Series B funding round. Quantum Circuits develops scalable quantum computers with error detection, accelerating progress towards fault-tolerant quantum systems.


5. DevRev, led by Dheeraj Pandey, has raised a $100 million Series A funding round. DevRev offers an AI-native platform that unifies customer support and product development, using a knowledge graph to enhance workflows and analytics.


6. Ragie, led by Bob Remeika, has raised a $5.5 million Seed funding round. Ragie provides RAG-as-a-Service for developers, enabling them to sync applications with data from sources like Google Drive and Notion via a retrieval API.


7. Heatmap, led by Dylan Ander, has raised a $4 million Seed funding round. Heatmap provides an on-site analytics platform for e-commerce websites, optimizing buyer behavior by combining revenue data with pixel-level tracking.


8. Livly, led by Alex Samoylovich, has raised a $10 million Private Equity funding round. Livly offers a residential management platform that streamlines operations and enhances resident experiences with AI and IoT integrations.


9. Spline, led by Alejandro León, has raised a $10 million Series A funding round. Spline offers a collaborative 3D design platform that allows designers to create interactive 3D content and integrate real-time data without coding.


10. ArborXR, led by Brad Scoggin, has raised a $12 million Series A funding round. ArborXR provides an XR mobile device management platform for Fortune 500 companies, enabling remote app installation and device management for AR/VR environments.


11. Encord, led by Eric Landau, has raised a $30 million Series B funding round. Encord’s AI data platform consolidates data curation, annotation, and model evaluation, supporting the development of AI models for images, videos, and medical imagery.


12. Goodfire, led by Eric Ho, has raised a $7 million Seed funding round. Goodfire provides tools for AI debugging, allowing developers to gain insights into AI model behavior and edit models without costly retraining.


To get more detail on each featured startup in this and our other weekly recaps, visit: https://www.bearhugrecruiting.com/career-intelligence/category/Startup+Funding

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(Funding Recap #19) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/19/24

(Funding Recap #19) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/19/24

Kraig Ward