DiscoverThe Bearhug Experience(Funding Recap #36) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 12/16/24
(Funding Recap #36) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 12/16/24

(Funding Recap #36) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 12/16/24

Update: 2024-12-24
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Here’s this week’s startup funding recap ($264 million raised across 10 featured companies):




1. Terradot, led by James Kanoff, has raised $58.2 million funding, including $4.2 million in Seed funding and a $54 million Series A funding round. Terradot is a climate company that transforms rock weathering into a scalable global carbon removal solution.




2. WeaveGrid, led by Apoorv Bhargava, has raised $28 million in Venture funding. WeaveGrid provides a software platform that enables rapid electric vehicle (EV) adoption while ensuring grid stability.




3. Electrified Thermal, led by Daniel Stack, has raised $19 million in Venture funding. Electrified Thermal provides the Joule Hive™ Thermal Battery (JHTB), a breakthrough in electric heating technology.




4. Albert Invent, led by Nick Talken, has raised $22.5 million in a Series A funding round. Albert Invent provides a cloud-based R&D platform designed to accelerate chemical innovation in materials science using AI.




5. Raptor Maps, led by Nikhil Vadhavkar, has raised $35 million in a Series C funding round. Raptor Maps provides an integrated operating system for the solar industry, empowering asset owners to build, manage, and operate solar sites efficiently.




6. Cofactr, led by Matthew Haber, has raised $17 million in a Series A funding round. Cofactr provides a supply chain and logistics management platform designed to streamline production, processes, and policies for critical hardware manufacturers.




7. Twelve Labs, led by Jae Lee, has raised $30 million in Venture funding. Twelve Labs develops advanced video understanding technology to enable organizations to accurately and efficiently discover moments within vast video datasets.




8. Cartesia, led by Karan Goel, has raised $27 million in a Seed funding round. Cartesia develops real-time multimodal intelligence systems powered by state space models (SSMs).




9. Vapi, led by Jordan Dearsley, has raised $20 million in a Series A funding round. Vapi provides a developer platform for deploying Voice AI agents, enabling businesses to scale voice-based solutions quickly and efficiently.




10. Prezent, led by Rajat Mishra, has raised $7.3 million in Venture funding. Prezent.AI provides an AI-powered enterprise business storytelling platform designed to enhance workplace communication.




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 #36) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 12/16/24

(Funding Recap #36) Bearhug Recruiting's Early & Growth Stage Tech Startup Funding Recap! 12/16/24

Kraig Ward