DiscoverThe Bearhug Experience(Funding Recap #22) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/9/24
(Funding Recap #22) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/9/24

(Funding Recap #22) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/9/24

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


1. Oxylus Energy, led by Perry Bakas, has raised a $4.5 million Seed funding round. Oxylus Energy converts CO2 into green methanol through low-temperature processes, targeting sectors like shipping and aviation. The funds will support development and pilot deployment.


2. Blitzy, led by Brian Elliott, has raised a $4.4 million Seed funding round. Blitzy automates software development using AI, delivering enterprise-grade products for insurance and financial services. The funds will expand the team and platform.


3. Champion, led by Jeff Reekers, has raised a $3.3 million Seed funding round. Champion's AI-powered platform helps B2B companies drive organic growth and customer advocacy. The funds will enhance platform features and go-to-market efforts.


4. Revefi, led by Sanjay Agrawal, has raised a $20 million Series A funding round. Revefi’s data ops platform uses AI to streamline infrastructure and improve observability. The funds will help scale engineering and sales.


5. Mantel, led by Cameron Halliday, has raised a $30 million Series A funding round. Mantel’s molten-salt carbon capture tech reduces emissions in high-temperature industries. The funds will go towards scaling up industrial deployment.


6. Galy, led by Luciano Bueno, has raised a $33 million Series B funding round. Galy produces lab-grown cotton through cellular agriculture for sustainable textiles. The funds will accelerate production and scale operations.


7. Laravel, led by Taylor Otwell, has raised a $57 million Series A funding round. Laravel's platform simplifies web app deployment with Laravel Cloud. The funds will scale the team and support open-source initiatives.


8. Thatch, led by Chris Ellis, has raised a $38 million Series A funding round. Thatch provides a health benefits platform to streamline healthcare management for companies. The funds will expand the team and scale technology.


9. Mesa Quantum, led by Sristy Agrawal, has raised a $3.75 million Seed funding round. Mesa Quantum develops quantum sensors for applications like IoT and defense. The funds will expand R&D and technical talent.


10. Portex, led by Brittany Ennix, has raised a $6.25 million Seed funding round. Portex offers a cloud-based freight management platform for logistics optimization. The funds will support product development and market expansion.


11. Switch Bioworks, led by Tim Schnabel, has raised a $17 million Seed funding round. Switch Bioworks creates biological nitrogen fertilizers to reduce synthetic fertilizer use. The funds will support product development and field trials.


12. Sedric AI, led by Nir Laznik, has raised an $18.5 million Series A funding round. Sedric AI provides a compliance platform for financial institutions to automate policy enforcement. The funds will enhance operations and expand their lab.


13. Demex, led by Bill Clark, has raised a $10.25 million funding round. Demex provides climate risk analytics and solutions for insurers. The funds will support operational growth and product development.


14. Acuvity, led by Satyam Sinha, has raised $9 million in Seed funding. Acuvity offers an AI security and governance platform to ensure safe AI deployment. The funds will accelerate development and adoption.


15. Anytime AI, led by Lingfei (Teddy) Wu, has raised $4 million in Seed funding. Anytime AI develops an AI legal assistant that automates legal research and client interactions. The funds will expand operations and market reach.


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 #22) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/9/24

(Funding Recap #22) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/9/24

Kraig Ward