The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 3/21/26 featuring funding details for Paraform, Condor Software, Ironlight, and twenty-six other deals representing $2.5B in new funding that you need to know about.
Arc Boats – $50.0M
Los Angeles-based Arc Boats is an electric boat manufacturer offering a seamlessly connected boating experience. Founded by Mitchell Lee in 2021, Arc Boats has now raised a total of $150.0M in total equity funding and is backed by Andreessen Horowitz, Eclipse Ventures, Lowercarbon Capital, Menlo Ventures, Necessary Ventures, and Offline Ventures.
Assiduus Global – $25.0M
Atlanta-based Assiduus Global provides technology-enabled solutions for cross-border e-commerce, helping brands manage distribution and supply chains. Founded by Somdutta Singh in 2018, Assiduus Global has now raised a total of $41.0M in total equity funding and is backed by Aaruha Technology Fund, Bajaj Finserv, Uncorrelated Ventures, and Vikash Agarwal.
Atlys – $36.0M
San Francisco-based Atlys is a digital platform that facilitates visa application processing for international travelers. Founded by Mohak Nahta in 2020, Atlys has now raised a total of $84.3M in total equity funding and is backed by Elevation Capital, Long Journey Ventures, MakeMyTrip.com, Peak XV Partners, and SIG venture capital.
Candex – $7.0M
New York-based Candex provides fintech-driven procurement and payment solutions that enable businesses to engage, manage, and pay vendors. Founded by Jeremy Lappin and Shani Vaza-Wahrmann in 2011, Candex has now raised a total of $120.5M in total equity funding and is backed by 9Yards Capital, Altos Ventures, Amex Ventures, Craft Ventures, Goldman Sachs Asset Management, Hedosophia, HSBC, JP Morgan, NFX, and World Innovation Labs.
Cape – $100.0M
Arlington-based Cape develops privacy-enabling technology that allows users to reclaim their privacy and security on electronic devices. Founded by Anduril Alums and Palantir Alums in 2022, Cape has now raised a total of $176.4M in total equity funding and is backed by 01 Advisors, 137 Ventures, Bain Capital Ventures, Definition, Fifth Down Capital, and IVP.
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Cloaked – $375.0M
Boston-based Cloaked is a consumer-first privacy company that enables individuals to take control of their personal data with unlimited identities. Founded by Abhijay Bhatnagar and Arjun Bhatnagar in 2020, Cloaked has now raised a total of $404.0M in total equity funding and is backed by Assurant Ventures, DuckDuckGo, Fifth Growth Fund, General Catalyst, Human Capital, LG Technology Ventures, Liberty City Ventures, Lux Capital, Marquee Ventures, and NFL Players Association.
CometChat – $6.5M
Denver-based CometChat helps customers add voice, video, and text chat to their apps and websites. Founded by Anant Garg and Anuj Garg in 2019, CometChat has now raised a total of $19.1M in total equity funding and is backed by Run Ventures.
Condor Software – $24.0M
San Diego-based Condor Software is a financial intelligence platform that connects clinical, operational, and financial data in real time. Founded by Jennifer Kyle and John YS in 2020, Condor Software has now raised a total of $29.5M in total equity funding and is backed by 645 Ventures, Bramalea Partners, Felicis, Insight Partners, Pamir Ventures, Prebys Ventures, and SNR.vc.
Conduit Health – $17.0M
New York-based Conduit Health provides telehealth DME access and telepsychiatry consultations, connecting patients and providers online. Founded by Rocky Seftel in 2023, Conduit Health has now raised a total of $17.0M in total equity funding and is backed by Drive Capital, Eniac Ventures, Nihal Mehta, Twelve Below, and XYZ Ventures.
Corridor – $25.0M
San Francisco-based Corridor provides a security platform that guides AI coding tools and reviews code in real time. Founded by Ashwin Ramaswami and Jack Cable in , Corridor has now raised a total of $30.4M in total equity funding and is backed by Anthropic, Anysphere, Artisanal Ventures, Cognition, Conviction, Datadog, Factory, Felicis, Lovable, Lux Capital, OpenAI Foundation, Sunflower Capital, SV Angel, and Timeless.
Eclypsium – $25.0M
Portland-based Eclypsium offers a platform for supply chain security for IT infrastructure. Founded by Alex Bazhaniuk and Yuriy Bulygin in 2017, Eclypsium has now raised a total of $154.0M in total equity funding and is backed by Andreessen Horowitz, Madrona, Pavilion Capital, Peak 6, Qualcomm Ventures, Singtel Innov8, Sixty Degree Capital, and Ten Eleven Ventures.
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Frore Systems – $143.0M
San Jose-based Frore Systems develops and supplies advanced thermal management technologies for electronic systems. Founded by Seshu Madhavapeddy and Suryaprakash Ganti in 2018, Frore Systems has now raised a total of $323.0M in total equity funding and is backed by Addition, Alumni Ventures, Clear Ventures, Fidelity, Mayfield Fund, MVP Ventures, Prosperity7 Ventures, Qualcomm Ventures, StepStone Group, and Top Tier Capital Partners.
GeoWealth – $42.5M
Chicago-based GeoWealth is a technology platform offering asset management solutions for advisors. Founded by Michael O’Shaughnessy in 2010, GeoWealth has now raised a total of $117.5M in total equity funding and is backed by Goldman Sachs.
Halcyon – $21.0M
San Francisco-based Halcyon is an AI platform for the energy sector that enables users to search and query datasets, including regulatory filings and energy data. Founded by Bruce Falck in 2023, Halcyon has now raised a total of $31.8M in total equity funding and is backed by Congruent Ventures, Energize Capital, Obvious Ventures, Sabanci Climate Ventures, and Zero Infinity Partners.
Imperative Care – $100.0M
Campbell-based Imperative Care is dedicated to developing solutions to address unmet needs in stroke care. Founded by Nick Hopkins in 2015, Imperative Care has now raised a total of $519.0M in total equity funding and is backed by Ally Bridge Group, Bain Capital Life Sciences, Brown Advisory, Catalio Capital Management, Elevage Medical Technologies, Longaeva Partners, and Perceptive Advisors.
Ironlight – $21.0M
Austin-based Ironlight is a financial technology company that develops infrastructure for global tokenized securities markets. Founded by Jake Moilanen, Matthew Celebuski, and Robert E. McGrath in 2022, Ironlight has now raised a total of $44.8M in total equity funding and is backed by Greg Braca, Laidlaw & Company, and Sei Development Foundation.
Kalshi – $1.0B
New York-based Kalshi is a regulated prediction market where users trade event-based contracts tied to real-world outcomes. Founded by Luana Lopes Lara and Tarek Mansour in 2018, Kalshi has now raised a total of $2.6B in total equity funding and is backed by Coatue.
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Latent – $80.0M
San Francisco-based Latent develops medical language models designed to reduce healthcare operational costs. Founded by Rishabh Jain and Sriram Somasundaram in 2022, Latent has now raised a total of $93.5M in total equity funding and is backed by Conviction, General Catalyst, McKesson Ventures, Spark Capital, Transformation Capital, and Y Combinator.
Paraform – $40.0M
San Francisco-based Paraform is an agentic hiring platform that connects hiring teams with specialized recruiters to streamline the hiring process. Founded by Jeffrey Li and John Kim in 2023, Paraform has now raised a total of $65.0M in total equity funding and is backed by A*, Felicis, Liquid 2 Ventures, and Scale Venture Partners.
Raven.io – $20.0M
Palo Alto-based Raven.io provides a runtime application protection platform that secures cloud-native software by monitoring code execution behavior. Founded by Guy Franco, Omer Yair, and Roi Abitboul in 2023, Raven.io has now raised a total of $20.0M in total equity funding and is backed by CyberFuture, Dnipro VC, Elron Ventures, Jibe Ventures, Norwest, Redseed, SentinelOne, Slavik Markovich, Unusual Ventures, and UpWest.
Respan – $5.0M
San Francisco-based Respan is an AI observability platform that helps teams trace, evaluate, and monitor AI agent behavior and performance. Founded by Andy Li, Hendrix Liu, and Raymond Huang in 2023, Respan has now raised a total of $5.5M in total equity funding and is backed by Alpen Capital, Antigravity Capital, Gradient, Hat-Trick Capital, XiaoXiao Fund, and Y Combinator.
RunSybil – $40.0M
San Francisco-based RunSybil is an AI-powered offensive security platform designed to continuously test applications and infrastructure for vulnerabilities. Founded by Ariel Herbert-Voss in 2023, RunSybil has now raised a total of $40.0M in total equity funding and is backed by Anthology Fund, Conviction, Elad Gil, Jeff Dean, Khosla Ventures, Nikesh Arora, and S32.
Tracebit – $20.0M
Manhattan-based Tracebit provides a cloud threat detection and deception platform that uses decoy systems to attract and detect attackers. Founded by Andy Smith and Sam Cox in 2023, Tracebit has now raised a total of $25.0M in total equity funding and is backed by Accel, Cyber Club London, FirstMark, MMC Ventures, and Tapestry VC.
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TransFi – $14.2M
Tampa-based TransFi provides stablecoin-powered payment solutions enabling cross-border transfers, collections, and digital currency transactions. Founded by Alex Scott, Raj Kamal, and Siddharth Ramesh in 2022, TransFi has now raised a total of $14.2M in total equity funding and is backed by Turing Financial Group.
Turquoise – $40.0M
San Diego-based Turquoise provides a transaction efficiency platform used by healthcare organizations to streamline payment processes. Founded by Adam Geitgey and Chris Severn in 2020, Turquoise has now raised a total of $95.3M in total equity funding and is backed by Adams Street Partners, Andreessen Horowitz, Oak HC/FT, and Yosemite.
Unnatural Products – $45.0M
Santa Cruz-based Unnatural Products is a biotech company focused on unlocking macrocyclic peptides to create drug therapies. Founded by Cameron Pye and Joshua Schwochert in 2017, Unnatural Products has now raised a total of $83.0M in total equity funding and is backed by argenx, Artis Ventures, Droia Ventures, First Spark Ventures, Merck Global Health Innovation Fund, and The Venture Collective.
Xage Security – $15.0M
Palo Alto-based Xage Security provides cybersecurity solutions that block cyberattacks, secure access, and protect enterprise assets. Founded by Roman Arutyunov and Susanto Irwan in 2017, Xage Security has now raised a total of $96.2M in total equity funding and is backed by Aramco Ventures, Chevron Technology Ventures, City Light Capital, FirstLook Partners, HIVE Ventures, March Capital, Momenta, OurCrowd, Piva Capital, SAIC, and SCF Partners.
XBOW – $120.9M
Seattle-based XBOW develops autonomous security testing software that identifies and validates vulnerabilities in web applications and digital systems. Founded by Oege de Moor in 2024, XBOW has now raised a total of $237.9M in total equity funding and is backed by Alkeon Capital, Altimeter Capital, DFJ Growth, NFDG Ventures, Northzone, Sequoia Capital, and Sofina.
Zero RFI – $13.8M
Atlanta-based Zero RFI is an AI-native platform designed to modernize the construction industry at scale. Founded by KP Reddy in 2025, Zero RFI has now raised a total of $13.8M in total equity funding and is backed by General Catalyst.
Connect with NYC’s Most Influential Tech Leaders & Decision-Makers
The AlleyWatch network reaches the exact audience you need to connect with – NYC’s most innovative startups, tech companies, and business leaders who are reshaping industries globally. Our engaged audience includes:
C-suite executives and key decision-makers
Founders and entrepreneurs
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Technology and innovation leaders
Maximize your impact through our proven solutions:• Premium brand placement• Targeted lead generation• Thought leadership opportunities• Custom content partnerships
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