DiscoverThe Bearhug Experience(Funding Recap #20) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/26/24
(Funding Recap #20) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/26/24

(Funding Recap #20) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/26/24

Update: 2024-10-24
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Here’s this week’s startup funding recap:


1. Trunk Tools, led by Sarah Buchner, has raised a $20 million Series A funding round. Trunk Tools offers an AI platform that automates construction workflows, using AI agents to manage tasks and prevent delays or budget overruns.


2. Allstacks, led by Hersh Tapadia, has raised $10 million in Series A funding. Allstacks provides a predictive forecasting platform for software development, using AI to identify at-risk projects and ensure timely delivery.


3. Power to Hydrogen, led by Dr. Paul Matter, has raised $18 million in funding. Power to Hydrogen develops advanced electrolysis technology to produce high-pressure hydrogen, aiding the clean energy transition.


4. Fortera, led by Ryan Gilliam, has raised $85 million in Series C funding. Fortera is revolutionizing cement production with its low-carbon ReCarb® process, enabling zero CO2 cement manufacturing using existing infrastructure.


5. Eppo, led by Chetan Sharma, has raised $28 million in Series B funding. Eppo provides an experimentation platform that ties product and AI efforts to revenue, helping companies optimize performance through A/B testing and AI-driven experiments.


6. LIS Technologies, led by Christo Liebenberg, has raised $11.88 million in Seed funding. LIS Technologies develops laser isotope separation technology, with applications in nuclear power, quantum computing, and semiconductor manufacturing.


7. Opkey, led by Pankaj Goel, has raised $47 million in Series B funding. Opkey offers a no-code test automation platform for enterprise ERP systems, enabling companies to accelerate ERP modernization with AI-driven automation.


8. Grid Status, led by Max Kanter, has raised $8 million in Seed funding. Grid Status provides a data platform for the electric grid, offering energy innovators organized data to develop solutions without managing their own data pipelines.


9. AstroForge, led by Matt Gialich, has raised $40 million in Series A funding. AstroForge pioneers asteroid mining technology, aiming to extract valuable materials from space to transform the global supply chain for critical metals.


10. BeyondMath, led by Alan Patterson, has raised $8.5 million in Seed funding. BeyondMath provides AI-driven engineering simulation technology for designing vehicles, aircraft, lithium-ion batteries, and data centers.


11. Trace Machina, led by Marcus Eagan, has raised $4.7 million in Seed funding. Trace Machina builds simulation infrastructure for safety-critical AI systems, enabling safe development of autonomous cars, aviation, and robotics.


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 #20) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/26/24

(Funding Recap #20) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 8/26/24

Kraig Ward