19 Silicon Valley Startups Raised $860M - Week of July 22, 2024
👨💻 Race Capital is Hiring Engineers 💰Tech Donors See Harris as One of Them 🔥 Trump Wants to Fire Gary Gensler 🔎 OpenAI Enters Google-Dominated Search Market
Happy Monday from the sunny San Francisco!
👨💻 Race Capital is Hiring Engineers - We're looking for a technical associate to join our investment team at Race Capital to help us source and invest in the next greatest infrastructure & enterprise startups similar to our portfolio companies Databricks, Vectara, Play, Scarf, and others. Help me spread the word.
💰Tech Donors See Kamala Harris as One of Them. But That Doesn’t Mean They’ll Give Her Money - Harris could provide a much-needed “reset” between Silicon Valley and the Democratic Party. The tech community is unsure which version of Harris is going to show up, if she defeats Trump, in the White House. Will she boost high-skilled immigration, rollback Biden’s plan to tax unrealized capital gains or support regulatory clarity on artificial intelligence and cryptocurrency? Read on Politico
₿ Trump Wants to Court Crypto People and Fire Gary Gensler - Trump is calling Crypto “the steel industry of 100 years ago” and wants to turn the US into the “crypto capital of the planet”. The crowd cheered while he vowed to fire SEC Chairman Gary Gensler twice. Watch on Forbes.
🔎 OpenAI Enters Google-Dominated Search Market - Check out SearchGPT Read on Verge.
🤼♂️ David Sacks vs Paul Graham - Paul Graham, the co-founder Y Combinator, called David Sacks, GP of Craft Ventures and co-host of the All-In Podcast, “evil” and started an “X war” everyone in Silicon Valley is chiming in on. All this bickering and finger pointing is turning Silicon Valley into a Hollywood soap opera.
This week a total of 19 startups raised $860M in funding, 0 M&As:
$232.4M goes to 7 Enterprise startups
$5M goes to 1 FinTech startup
$60M goes to 1 InsurTech startup
$100M goes to 1 LegalTech startup
$15M goes to 1 Web3 startup
$11M goes to 1 EdTech startup
$7M goes to 1 Healthcare startup
$30M goes to 1 BioTech startup
$50M goes to 1 Robotics startup
$133M goes to 1 AgTech startup
$200M goes to 1 Satellite Communication startup
$6.6M goes to 1 Manufacturing startup
$10M goes to 1 Other startup
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Edith
X, LinkedIn
Funding (300 miles radius from Silicon Valley)
Enterprise
Vanta (compliance management platform) raised $150M Series C led by Sequoia Capital
Level AI (LLM-native customer experience) raised $39.4M Series C led by Adams Street Partners
Lakera AI (GenAI security platform) raised $20M Series A led by Atomico VC
Momentum (customer intelligence platform) raised $13M Series A led by FirstMark Capital
Rift (sales platform) raised $5M Seed led by Sequoia Capital
Noded AI (productivity workspace platform) raised $4M Seed led by Boldstart Ventures
Ely Analytics (marketing analytics) raised $1M Seed led by AltaR Capital, PTV Ventures
FinTech
Powder (AI agents for wealth management systems) raised $5M Seed from YCombinator, General Catalyst, etc
InsurTech
Cowbell (cyber insurance for SMEs) raised $60M Series C led by Zurich Insurance Group
LegalTech
Harvey (legal AI platform) raised $100M Series C led by Google Ventures
Web3
Caldera (rollup-as-a-service platform for Ethereum) raised $15M Series A led by Founders Fund
EdTech
Uplimit (AI enterprise learning platform) raised $11M Series A led by Salesforce Ventures
Healthcare
Sound Health (wearable device for nasal congestion) raised $7M Seed led by J4 Ventures, Moai Capital
BioTech
ReviR Therapeutics (small molecule therapeutics) raised $30M Series A led by Lapam Capital
Robotics
Mytra (warehouse robotics automation) raised $50M Series B led by Greenoaks
AgTech
Monarch Tractor (smart tractor) raised $133M Series C led by Astanor Ventures, HH-CTBC Partnership
Satellite Communication
Astranis (next-gen telecommunications satellites) raised $200M Series D led by Andreessen Horowitz, BAM Elevate
Manufacturing
SirenOpt (manufacturing intelligence platform) raised $6.6M Seed led by Tomorrow VC, Voyager Ventures
Other
Joy (parenting tech platform) raised $10M Seed led by Forerunner
IPO & M&A (300 miles radius from Silicon Valley)
N/A