Nov 10, 2023

The 5 Largest US Funding Rounds of October 2023 Views: 0 Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from October 2023. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis. The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment. The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market. With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns. Intrigued? Alleywatch readers can skip the waitlist with this referral link . Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd 5. Island $100.0M Round: Series C Description: Dallas-based Island develops enterprise browsers that enhances security and worker productivity. Founded by Dan Amiga and Michael Fey in 2020, Island has now raised a total of $385.0M in total equity funding and is backed by Sequoia Capital, Insight Partners, Georgian, Stripes, and Cyberstarts. Investors in the round: Canapi Ventures, Cyberstarts, Georgian, Insight Partners, Prysm Capital, Sequoia Capital, Stripes Industry: Cyber Security, Enterprise Software, Information Technology, Web Browsers Founders: Dan Amiga, Michael Fey Founding year: 2020 5. Stoke Space $100.0M Round: Series B Description: Kent-based Stoke Space is a developer of reusable rockets that provide access to and from any orbit to the satellite industry. Founded by Andy Lapsa and Thomas Feldman in 2019, Stoke Space has now raised a total of $174.1M in total equity funding and is backed by University of Michigan, Point72 Ventures, Y Combinator, Breakthrough Energy Ventures, and Trajectory Ventures. Investors in the round: Breakthrough Energy Ventures, Explorer 1 Fund, In-Q-Tel, Industrious Ventures, Long Journey Ventures, MaC Venture Capital, NFX, Point72 Ventures, Sparta Group, Toyota Ventures, Trajectory Ventures, University of Michigan, Y Combinator Industry: Aerospace, Product Design, Space Travel Founders: Andy Lapsa, Thomas Feldman Founding year: 2019 Total equity funding raised: $174.1M The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment. The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market. With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns. Intrigued? Alleywatch readers can skip the waitlist with this referral link . Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd 5. Iambic Therapeutics $100.0M Round: Series B Description: San Diego-based Iambic Therapeutics is disrupting the therapeutics landscape with its unique AI-driven drug-discovery platform. Founded by Fred Manby, Sarah Trice, and Thomas Miller in 2019, Iambic Therapeutics has now raised a total of $153.0M in total equity funding and is backed by Bill Rastetter Rastetter, NVIDIA, Sequoia Capital, Gradiant, and Nexus Venture Partners. Investors in the round: Abingworth, Ascenta Capital, Bill Rastetter Rastetter, Catalio Capital Management, Coatue, FreeFlow, Gradiant, Illumina Ventures, Nexus Ventures, NVIDIA, OrbiMed, Sequoia Capital, William Rastetter Industry: Artificial Intelligence (AI), Machine Learning, Software, Therapeutics Founders: Fred Manby, Sarah Trice, Thomas Miller Founding year: 2019 5. Prins Artificial Intelligence $100.0M Round: Series B Description: Lakewood-based Prins Artificial Intelligence is a service platform focusing on AI digital human training. Founded by 0 in 2023, Prins Artificial Intelligence has now raised a total of $132.0M in total equity funding and is backed by AAB Venture Capital, Kleiner Perkins, Base10 Partners, and Paradigm. Investors in the round: AAB Venture Capital Industry: Artificial Intelligence (AI), Digital Media, Marketing Founders: Total equity funding raised: $132.0M The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment. The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market. With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns. Intrigued? Alleywatch readers can skip the waitlist with this referral link . Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd 5. Pony.ai $100.0M Round: Series D Description: Fremont-based Pony.ai develops autonomous vehicle technology using artificial intelligence. Founded by James Peng and Tiancheng Lou in 2016, Pony.ai has now raised a total of $1.3B in total equity funding and is backed by NEOM Investment Fund, Sequoia Capital, Toyota Motor, Eight Roads Ventures, and Sequoia Capital China. Investors in the round: NEOM Investment Fund Industry: Artificial Intelligence (AI), Automotive, Autonomous Vehicles, Transportation Founders: James Peng, Tiancheng Lou Founding year: 2016 5. Verkada $100.0M Round: Series D Description: San Mateo-based Verkada is a cloud-based physical security platform provider helping enterprises operate safer, smarter buildings. Founded by Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, and James Ren in 2016, Verkada has now raised a total of $443.9M in total equity funding and is backed by Sequoia Capital, Felicis, Lightspeed Venture Partners, Section Partners, and Founder Collective. Investors in the round: Alkeon Capital, Lightspeed Venture Partners Industry: Cloud Security, Enterprise Software, Internet of Things, Network Security, Smart Building Founders: Benjamin Bercovitz, Filip Kaliszan, Hans Robertson, James Ren Founding year: 2016 Total equity funding raised: $443.9M The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment. The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market. With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns. Intrigued? Alleywatch readers can skip the waitlist with this referral link . Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd 4. Headway $125.0M Round: Series C Description: New York-based Headway is building a new mental healthcare system that everyone can access. Founded by Andrew Adams, Dan Ross, Jake Sussman, and Kevin Chan in 2018, Headway has now raised a total of $225.5M in total equity funding and is backed by Andreessen Horowitz, Thrive Capital, Accel, Google Ventures, and Everywhere Ventures (The Fund). Investors in the round: Accel, Andreessen Horowitz, Health Care Service Corporation, Spark Capital, Thrive Capital Industry: Health Care, Information Technology, Insurance, Therapeutics Founders: Andrew Adams, Dan Ross, Jake Sussman, Kevin Chan Founding year: 2018 3. Shield AI $200.0M Round: Series F Description: San Diego-based Shield AI is an artificial intelligence company that aims to protect service members and civilians with intelligent systems. Founded by Andrew Reiter, Brandon Tseng, and Ryan Tseng in 2015, Shield AI has now raised a total of $678.1M in total equity funding and is backed by Andreessen Horowitz, Point72 Ventures, US Innovative Technology Fund, Disruptive, and ARK Investment Management. Investors in the round: ARK Investment Management, Disruptive, Riot Ventures, Sahin Boydas, Snowpoint Ventures, US Innovative Technology Fund Industry: Artificial Intelligence (AI), Autonomous Vehicles, Drones, Machine Learning, National Security Founders: Andrew Reiter, Brandon Tseng, Ryan Tseng Founding year: 2015 Total equity funding raised: $678.1M The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment. The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market. With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns. Intrigued? Alleywatch readers can skip the waitlist with this referral link . Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd 2. Main Street Health $315.0M Round: Series B Description: Nashville-based Main Street Health is a supplier of value-based, care-focused healthcare services designed to address rural wellness challenges. Founded by Brad Smith in 2021, Main Street Health has now raised a total of $342.0M in total equity funding and is backed by Humana, CVS Health, Elevance Health, Centene, and LRVHealth. Investors in the round: Centene, CVS Health, Echo Health Ventures, Elevance Health, Humana, LRVHealth, Oak HC/FT, UnitedHealthcare Industry: Health Care, Health Diagnostics, Medical Device Founders: Brad Smith 1. Electric Hydrogen $380.0M Round: Series C Description: Natick-based Electric Hydrogen develops electrolyzer technologies to enable abundant, low-cost, and clean hydrogen to replace fossil fuels. Founded by David Eaglesham, Derek Warnick, Dorian West, and Raffi Garabedian in 2020, Electric Hydrogen has now raised a total of $602.0M in total equity funding and is backed by Silicon Valley Bank, Trinity Capital, Temasek Holdings, Honeywell, and Breakthrough Energy Ventures. Investors in the round: BP Ventures, Breakthrough Energy Ventures, Capricorn Partners, Climate Pledge Fund, Energy Impact Partners, Equinor Ventures, Fatima Group, Fifth Wall, Fortescue Metals, Kajima Ventures, Microsoft Climate Innovation Fund, Mitsubishi Heavy Industries, New Legacy Group, Oman Investment Fund, Prelude Ventures, Rio Tinto, S2G Ventures, Temasek Holdings, United Airlines Ventures Industry: Clean Energy, CleanTech, Energy, Industrial Founders: David Eaglesham, Derek Warnick, Dorian West, Raffi Garabedian Founding year: 2020 Total equity funding raised: $602.0M The AI revolution has already begun to rewire Wall St, and its impact has been strongly felt in one growing market in particular. Because, thanks to a Harvard data scientist and his crack team, everyday people can now benefit from a previously “off-limits” investment. The company that makes it all possible is called Masterworks, whose unique investment platform enables savvy investors to invest in blue-chip art for a fraction of the cost. Their proprietary database of art market returns provides an unrivaled quantitative edge in analyzing the art market. With all 16 of its exits, Masterworks has achieved a profit, with recent exits delivering +17.8%, +21.5%, and +35.0% annualized net returns. Intrigued? Alleywatch readers can skip the waitlist with this referral link . Investing involves risk and past performance is not indicative of future returns. See important Reg A disclosures and aggregate advisory performance at masterworks.com/cd