DiscoverThe Bearhug Experience(Funding Recap #24) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/23/24
(Funding Recap #24) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/23/24

(Funding Recap #24) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/23/24

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


1. Slingshot Aerospace, led by Tim Solms, has raised a $30 million Growth Capital funding round. Slingshot Aerospace develops AI-powered solutions for satellite tracking and space traffic coordination, enhancing operational safety. The funds will scale operations and support growth initiatives.


2. GreenLite, led by James Gallagher, has raised a $28.5 million Series A funding round. GreenLite provides construction software that automates the permitting process, speeding up approvals. The funds will enhance the platform and expand market reach.


3. PinPoint, led by Jim Carr, has raised a $3.2 million Seed funding round. PinPoint uses AI to improve bidding and estimating in road construction, helping contractors make better decisions. The funds will expand platform development and operations.


4. Sitewire, led by Bryan Kester, has raised a $3.17 million Seed funding round. Sitewire automates construction finance workflows, enabling real-time fund transfers and progress tracking. The funds will support platform expansion and market growth.


5. Two Boxes, led by Kyle Bertin, has raised a $5.3 million Seed funding round. Two Boxes optimizes e-commerce returns, processing over $100 million in returns for major brands. The funds will expand the team and reach.


6. Hgen, led by Molly Yang, has raised a $5 million Seed funding round. Hgen develops clean hydrogen technology to decarbonize industries like steel and chemicals. The funds will accelerate commercial deployment.


7. Tidal Metals, led by Dr. Howard Yuh, has raised an $8.5 million Seed funding round. Tidal Metals extracts magnesium from seawater using a sustainable, waste-free process. The funds will support a pilot plant.


8. Supermaven, led by Jacob Jackson, has raised a $12 million Series A funding round. Supermaven offers AI-powered code completion tools that boost developer productivity. The funds will expand the platform and develop a new text editor.


9. TeamBridge, led by Arjun Vora, has raised a $28 million Series B funding round. TeamBridge provides an all-in-one Workforce OS for hourly workers, streamlining HR processes. The funds will enhance development and scale operations.


10. Mercor, led by Brendan Foody, has raised a $30 million Series A funding round. Mercor’s AI-powered recruiting platform automates profile reviews and interviews to improve hiring efficiency. The funds will expand operations.


11. Knit, led by Aneesh Dhawan, has raised a $9 million Series A funding round. Knit’s AI platform simplifies consumer research, delivering faster insights. The funds will support new product launches and expansion.


12. 11x, led by Hasan Sukkar, has raised a $24 million Series A funding round. 11x creates AI-powered digital workers to handle tasks like sales and lead qualification. The funds will support development and global expansion.


13. Orb, led by Alvaro Morales, has raised a $25 million Series B funding round. Orb’s billing platform enables software businesses to implement flexible pricing models. The funds will support operational growth.


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 #24) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/23/24

(Funding Recap #24) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 9/23/24

Kraig Ward