Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from May 2024. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
11. Meati $100.0M
Round: Series CDescription: Boulder-based Meati Foods is a consumer goods company that provides fungi-based meat alternatives to everyone. Founded by Justin Whiteley and Tyler Huggins in 2016, Meati has now raised a total of $355.0M in total equity funding and is backed by Trinity Capital, Rockefeller Capital Management, Wellington Management, Bond, and US Department of Energy.Investors in the round: Bond, Congruent Ventures, Grosvenor Food & AgTech, Prelude Ventures, Revolution GrowthIndustry: Alternative Protein, Consumer Goods, Food and Beverage, Food Processing, Service IndustryFounders: Justin Whiteley, Tyler HugginsFounding year: 2016Location: BoulderTotal equity funding raised: $355.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
11. Alkira $100.0M
Round: Series CDescription: San Jose-based Alkira is a network infrastructure as-a-service company that unifies multiple clouds, sites, and users via an enterprise network. Founded by Amir Khan and Atif Khan in 2018, Alkira has now raised a total of $176.0M in total equity funding and is backed by Sequoia Capital, Koch Disruptive Technologies, Google Ventures, Geodesic Capital, and Dallas Venture Capital.Investors in the round: Dallas Venture Capital, Geodesic Capital, Kleiner Perkins, Koch Disruptive Technologies, LIAN Group, NextEquity Partners, Sequoia Capital, Tiger Global ManagementIndustry: Cloud Infrastructure, Cloud Security, Information Services, Information Technology, Network SecurityFounders: Amir Khan, Atif KhanFounding year: 2018Location: San JoseTotal equity funding raised: $176.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
10. Suno $125.0M
Round: Series BDescription: Cambridge-based Suno is a music start-up that enables anyone to make the songs they want. Founded by Georg Kucsko, Keenan Freyberg, Martin Camacho, and Mikey Shulman in 2022, Suno has now raised a total of $125.0M in total equity funding and is backed by Nat Friedman, Daniel Gross, Matrix, Lightspeed Venture Partners, and Founder Collective.Investors in the round: Daniel Gross, Founder Collective, Lightspeed Venture Partners, Matrix, Nat FriedmanIndustry: Artificial Intelligence (AI), MusicFounders: Georg Kucsko, Keenan Freyberg, Martin Camacho, Mikey ShulmanFounding year: 2022Location: CambridgeTotal equity funding raised: $125.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
9. Transcarent $126.0M
Round: Series DDescription: Denver-based Transcarent is a provider of a healthcare platform that facilitates improved outcomes and cost-effective decisions. Founded by Glen Tullman in 2020, Transcarent has now raised a total of $424.0M in total equity funding and is backed by Memorial Hermann Health System, Human Capital, Kinnevik, GreatPoint Ventures, and General Catalyst.Investors in the round: 7wire Ventures, Ally Bridge Group, Alta Partners, General Catalyst, Geodesic Capital, Human Capital, Kinnevik, Leaps by Bayer, Memorial Hermann Health System, Merck Global Health Innovation Fund, ThresholdIndustry: Health Care, Personal Health, SoftwareFounders: Glen TullmanFounding year: 2020Location: DenverTotal equity funding raised: $424.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
8. WEKA $140.0M
Round: Series EDescription: Campbell-based WEKA is a global data platform company that delivers a cloud-native, software-based data platform for AI & next-generation workloads Founded by Liran Zvibel, Maor BenDayan, and Omri Palmon in 2013, WEKA has now raised a total of $415.1M in total equity funding and is backed by Seagate Technology, NVIDIA, Qualcomm Ventures, Qualcomm, and Hewlett Packard Enterprise.Investors in the round: 10D, Atreides Management, Generation Investment Management, Hitachi Ventures, Ibex Investors, Key 1 Capital, Lumir Ventures, MoreTech Ventures, NVIDIA, Qualcomm Ventures, Valor Equity PartnersIndustry: Artificial Intelligence (AI), Cloud Storage, Data Center, Data Management, SoftwareFounders: Liran Zvibel, Maor BenDayan, Omri PalmonFounding year: 2013Location: CampbellTotal equity funding raised: $415.1M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
7. Farcaster $150.0M
Round: Series ADescription: Los Angeles-based Farcaster is a social network that helps coders, fitness enthusiasts, and meme makers find people based on their interests. Founded by Dan Romero and Varun Srinivasan in 2020, Farcaster has now raised a total of $180.0M in total equity funding and is backed by Canonical Crypto, Union Square Ventures, Floodgate, Multicoin Capital, and Haystack.Investors in the round: a16z crypto, Haun Ventures, Paradigm, Standard Crypto, Union Square Ventures, VariantIndustry: E-Commerce, Information Technology, InternetFounders: Dan Romero, Varun SrinivasanFounding year: 2020Location: Los AngelesTotal equity funding raised: $180.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
7. The Bot Company $150.0M
Round: SeedDescription: San Francisco-based The Bot Company a household robot startup. Founded by Kyle Vogt and Paril Jain in 2024, The Bot Company has now raised a total of $150.0M in total equity funding and is backed by Nat Friedman, Daniel Gross, Fifty Years, Patrick Collison, and Quiet Capital.Investors in the round: Daniel Gross, Elad Gil, Fifty Years, John Collison, Nabeel Hyatt, Nat Friedman, Patrick Collison, Quiet CapitalIndustry: RoboticsFounders: Kyle Vogt, Paril JainFounding year: 2024Location: San FranciscoTotal equity funding raised: $150.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
6. Altruist $169.0M
Round: Series EDescription: Culver City-based Altruist is a digital investment platform that offers commission-free trading and financial advice to individuals. Founded by Jason Wenk in 2018, Altruist has now raised a total of $449.5M in total equity funding and is backed by Vanguard, ICONIQ Growth, Adams Street Partners, Insight Partners, and Rex Salisbury.Investors in the round: Adams Street Partners, Granite Capital Management, ICONIQ Growth, Sound VenturesIndustry: Asset Management, Financial Services, FinTechFounders: Jason WenkFounding year: 2018Location: Culver CityTotal equity funding raised: $449.5M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
5. Sigma Computing $200.0M
Round: Series DDescription: San Francisco-based Sigma Computing is a business intelligence solution providing live access to cloud data warehouses. Founded by Jason Frantz, Mike Speiser, and Rob Woollen in 2014, Sigma Computing has now raised a total of $558.0M in total equity funding and is backed by Sutter Hill Ventures, Avenir Growth Capital, XN, NewView Capital, and Snowflake Ventures.Investors in the round: Altimeter Capital, Avenir Growth Capital, D1 Ventures, NewView Capital, Snowflake Ventures, Spark Capital, Sutter Hill Ventures, XNIndustry: Analytics, Business Intelligence, Cloud Data Services, Computer, SoftwareFounders: Jason Frantz, Mike Speiser, Rob WoollenFounding year: 2014Location: San FranciscoTotal equity funding raised: $558.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
4. Vercel $250.0M
Round: Series EDescription: Covina-based Vercel’s frontend cloud gives developers frameworks, workflows, and infrastructure to build a faster, more personalized web. Founded by Guillermo Rauch in 2015, Vercel has now raised a total of $563.0M in total equity funding and is backed by Notable Capital, Nat Friedman, Bedrock, Google Ventures, and Buckley Ventures.Investors in the round: 8VC, Accel, Bedrock, CRV, Geodesic Capital, Google Ventures, Notable Capital, SV Angel, Tiger Global ManagementIndustry: Apps, Developer Platform, Internet, SoftwareFounders: Guillermo RauchFounding year: 2015Location: CovinaTotal equity funding raised: $563.0M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
3. Figma $415.7M
Round: VentureDescription: San Francisco-based Figma is a design platform that develops web applications for interface design with offline features. Founded by Dylan Field and Evan Wallace in 2012, Figma has now raised a total of $749.1M in total equity funding and is backed by Haystack, Daniel Gross, Sequoia Capital, Andreessen Horowitz, and Fuel Capital.Industry: Collaboration, Developer Tools, Product Design, Software, Web AppsFounders: Dylan Field, Evan WallaceFounding year: 2012Location: San FranciscoTotal equity funding raised: $749.1M
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
2. Scale AI $1.0B
Round: Series FDescription: San Francisco-based Scale AI provides a data-oriented platform that assists in the development of AI applications. Founded by Alexandr Wang and Lucy Guo in 2016, Scale AI has now raised a total of $1.6B in total equity funding and is backed by Meta, Amazon, NVIDIA, Thrive Capital, and Dragoneer Investment Group.Investors in the round: Accel, Amazon, AMD Ventures, Cisco Investments, Coatue, DFJ Growth, Elad Gil, Founders Fund, Greenoaks, Index Ventures, Intel Capital, Meta, Nat Friedman, NVIDIA, Qualcomm Ventures, ServiceNow Ventures, Spark Capital, Thrive Capital, Tiger Global Management, WCM Investment Management, Wellington Management, Y CombinatorIndustry: Artificial Intelligence (AI), Data Collection and Labeling, Generative AI, Image Recognition, Machine LearningFounders: Alexandr Wang, Lucy GuoFounding year: 2016Location: San FranciscoTotal equity funding raised: $1.6B
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
1. xAI $6.0B
Round: Series BDescription: Burlingame-based XAI is an AI company that develops a platform to accelerate human scientific discovery. Founded by Elon Musk in 2023, xAI has now raised a total of $6.4B in total equity funding and is backed by Fidelity, Kingdom Holding Company, X (formerly Twitter), Vy Capital, and Redstone.Investors in the round: Alwaleed Bin Talal, Andreessen Horowitz, E1 Ventures, Fidelity, Kingdom Holding Company, Page One Ventures, Redstone, Sequoia Capital, Valor Equity Partners, Vy CapitalIndustry: Artificial Intelligence (AI), Generative AI, Information Technology, Machine LearningFounders: Elon MuskFounding year: 2023Location: BurlingameTotal equity funding raised: $6.4B
The AlleyWatch audience is driving progress and innovation on a global scale. AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement, driving demand generation, and building thought leadership among the vast majority of key decision-makers in the New York business community and beyond. Learn more about advertising to NYC Tech at scale.
