The Weekly Notable Startup Funding Report: 5/25/26 – AlleyWatch

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 5/23/26 featuring funding details for Decart, Mercury, Benefitbay, and thirty-one other deals representing $2.53B in new funding that you need to know about.

Amca – $300.0M

El Segundo-based Amca develops and manufactures critical aerospace and defense components by combining engineering, qualification testing, technical data development, and certified manufacturing into a single platform. Founded by Eli Giovanetti and Jai Malik in 2024, Amca has now raised a total of $376.5M in total equity funding and is backed by Andreessen Horowitz, Caffeinated Capital, Construct Capital, House Capital, Lightspeed Venture Partners, Lux Capital, SignalRank, and Silent Ventures.

Armada – $230.0M

San Francisco-based Armada provides full-stack edge infrastructure that combines connectivity, compute, and AI for organizations operating in remote and demanding environments. Founded by Dan Wright, Jonathan Runyan, and Jonathan Runyan in 2022, Armada has now raised a total of $469M in total equity funding and is backed by 8090 Industries, BlackRock, Felicis, Founders Fund, Glade Brook Capital Partners, Johnson Controls, Lux Capital, Marlinspike Capital, Mitsui & Co, NightDragon, Overmatch Ventures, Shield Capital, SignalRank, Silent Ventures, Singtel Innov8, and Veriten.

Benefitbay – $18.0M

Kansas City-based Benefitbay provides an ICHRA administration platform that helps employers, brokers, and employees model, deploy, manage, and enroll in individualized healthcare benefits. Founded by Brandy Thompson and Zach Harris in 2021, Benefitbay has now raised a total of $30.5M in total equity funding and is backed by Ten Coves Capital.

Benji – $6.3M

New York-based Benji provides a loyalty partnership API that helps brands connect rewards programs, enable account linking, and launch earning, redemption, and status integrations faster. Founded by Arik Gaisler, Jonathan Elron, and Nick Anastasiades in 2024, Benji has now raised a total of $6.2M in total equity funding and is backed by at.inc/, Great North Ventures, Hyde Park Venture Partners, M25, and Preface Ventures.

Blank Bio – $7.2M

San Francisco-based Blank Bio develops RNA foundation models that help pharmaceutical companies analyze disease progression, treatment response, and clinical trial opportunities in precision oncology. Founded by Ian Shi, Jonny Hsu, and Philip Fradkin in 2025, Blank Bio has now raised a total of $7.3M in total equity funding and is backed by Define Ventures, Leonis Capital, Nova Threshold, Ripple Ventures, SignalFire, and Y Combinator.

Boston Metal – $75.0M

Woburn-based Boston Metal develops Molten Oxide Electrolysis technology to produce steel and other metals using electricity while reducing reliance on coal-based industrial processes. Founded by Antoine Allanore, Donald Sadoway, and Jim Yurko in 2012, Boston Metal has now raised a total of $427M in total equity funding and is backed by Tata Steel.

Brami – $33.0M

New York-based Brami produces Mediterranean-inspired snacks made from lupini beans, offering plant-based products that are high in protein and fiber and low in net carbohydrates. Founded by Aaron Gatti, Dillon Dandurand, and William Hicks in 2015, Brami has now raised a total of $43.8M in total equity funding and is backed by Gather Ventures, La Molisana, Lerer Hippeau, Pentland Ventures, and VMG Partners.

Cagent Vascular – $41.0M

Wayne-based Cagent Vascular develops serration-based angioplasty balloon technology designed to improve the treatment of cardiovascular disease and restore blood flow. Founded by Carol Burns, Peter Johansson, Peter Schneider, and Robert M. Giasolli in 2014, Cagent Vascular has now raised a total of $107.9M in total equity funding and is backed by Astoria Health Investors and U.S. Venture Partners.

Century Health – $5.0M

New York-based Century Health applies AI to real-world clinical data to help life sciences companies generate insights for drug development, market access, and outcomes research. Founded by Sanjay Hariharan and Vish Srivastava in 2023, Century Health has now raised a total of $7M in total equity funding and is backed by 2048 Ventures, 25madison, Alumni Ventures, InnovateHealth Ventures, Next Play Ventures, Origin Ventures, and Zorba Lieberman.

CircuitHub – $28.0M

South Deerfield-based CircuitHub provides a software-driven electronics manufacturing platform for rapid printed circuit board assembly, prototyping, and turnkey hardware production. Founded by Andrew Seddon, Jon Friedman, and Rehno Lindeque in 2011, CircuitHub has now raised a total of $46.4M in total equity funding and is backed by Plural.

Commure – $70.0M

Mountain View-based Commure provides AI infrastructure for health systems, combining ambient clinical documentation, revenue cycle automation, and workflow tools across enterprise healthcare operations. Founded by Diede van Lamoen, Eugene Kuznetsov, and Hemant Taneja in 2017, Commure has now raised a total of $890.5M in total equity funding and is backed by General Catalyst, Kirkland & Ellis, Morgan Stanley, and Sequoia Capital.

Contrario – $2.3M

San Francisco-based Contrario provides an AI recruiting platform that combines expert recruiters with vertical AI agents to help companies source, screen, and hire talent faster. Founded by Aditya Sood and Arya Marwaha in 2025, Contrario has now raised a total of $2.8M in total equity funding and is backed by Abhijeet Dwivedi, David Chen, Goodwater Capital, Hank Couture, Inventum Ventures, Jerry Cain, and Nexus Venture Partners.

Decart – $300.0M

San Francisco-based Decart develops real-time AI world models that generate interactive environments and live video transformations for applications in simulation, robotics, gaming, and synthetic data. Founded by Dean Leitersdorf and Moshe Shalev in 2023, Decart has now raised a total of $456M in total equity funding and is backed by Adobe Ventures, Andrej Karpathy, Atreides Management, Benchmark, eBay Ventures, Manhattan Venture Partners (MVP), Michael Eisner, Moritz Baier-Lentz, NVIDIA, Radical Ventures, Sequoia Capital, Toyota Ventures, Valor Equity Partners, Yamauchi-No.10 Family Office, and Zeev Ventures.

Eisen – $10.0M

New York-based Eisen provides managed compliance operations software for financial institutions, helping teams automate escheatment, disbursement, and 1099 reporting workflows. Founded by Allen Osgood and Stephanie Mertz in 2022, Eisen has now raised a total of $18.5M in total equity funding and is backed by Cowboy Ventures, Index Ventures, and MissionOG.

Exa – $250.0M

San Francisco-based Exa provides a search engine and web search API built for AI applications, giving developers tools for search, crawling, deep research, and web content retrieval. Founded by Jeffrey Wang and Will Bryk in 2021, Exa has now raised a total of $357M in total equity funding and is backed by Andreessen Horowitz and QuantumLight.

Farther – $150.0M

San Francisco-based Farther provides an intelligent wealth management platform that combines advisor services, tax-aware investment strategies, private market access, and technology-enabled financial planning. Founded by Brad Genser and Taylor Matthews in 2019, Farther has now raised a total of $268M in total equity funding and is backed by General Atlantic.

Findd – $21.0M

Springville-based Findd provides workforce management software for frontline and distributed teams, including biometric time tracking, GPS verification, offline clock-ins, compliance, and payroll workflows. Founded by Ryan Johnson and Tom Loveland in 2016, Findd has now raised a total of $21M in total equity funding and is backed by Unbundled Capital.

Foundation – $6.4M

Boston-based Foundation develops Bitcoin self-custody tools, including Passport hardware wallets and the Envoy mobile wallet for managing hot and cold storage accounts. Founded by Jacob Johnston, Ken Carpenter, and Zach Herbert in 2020, Foundation has now raised a total of $16.6M in total equity funding and is backed by Arche Capital and Fulgur Ventures.

Kin Health – $9.0M

Los Angeles-based Kin Health develops an AI care companion that records healthcare visits, creates plain-language summaries, tracks next steps, and helps patients share care information. Founded by Amit Parikh, Arpan Parikh, and Kyle Alwyn in 2025, Kin Health has now raised a total of $9M in total equity funding and is backed by Alex Cohen, Doug Hirsch, Eniac Ventures, Flex Capital, Foundry Square Capital, Jay Desai, Maveron, Nabeel Quryshi, Pear VC, Saharsh Patel, The Family Fund, Town Hall Ventures, Trevor Bezdek, and Watershed VC.

Leadbay – $4.3M

San Francisco-based Leadbay develops AI software for B2B lead discovery and qualification, helping sales teams identify high-intent prospects from fragmented and low-signal market data. Founded by Ludovic Granger and Milan Stankovic in 2023, Leadbay has now raised a total of $4.8M in total equity funding and is backed by Alumni Ventures, Bright Ventures Leadership Accelerator, Deel Ventures, Inovexus, Progressive Ventures, Rebel Ventures, Roosh Ventures, STATION F, Transpose Platform Management, TS Ventures, and Y Combinator.

Mercury – $200.0M

San Francisco-based Mercury provides banking, cards, expense management, treasury, and financial workflow tools for startups and technology-focused companies. Founded by Immad Akhund, Jason Zhang, and Max Tagher in 2017, Mercury has now raised a total of $657.1M in total equity funding and is backed by Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, Spark Capital, and TCV.

Moment – $78.0M

New York-based Moment provides an AI operating system for investment management, unifying trading, portfolio management, compliance, and analytics workflows for wealth and asset management firms. Founded by Ammer Soliman, Dean Hathout, and Dylan Parker in 2022, Moment has now raised a total of $134M in total equity funding and is backed by Andreessen Horowitz, Avra Capital, and Index Ventures.

Nourish – $100.0M

New York-based Nourish provides insurance-covered nutrition counseling through registered dietitians, offering personalized telehealth support for weight management, diabetes, gut health, eating disorders, and related needs. Founded by Aidan Dewar, Sam Perkins, and Stephanie Liu in 2021, Nourish has now raised a total of $213.1M in total equity funding and is backed by Atomico, BoxGroup, Daybreak ventures, Index Ventures, J.P. Morgan Growth Equity Partners, Maverick Ventures, Menlo Ventures, Operator Partners, Thrive Capital, and Y Combinator.

RADAR – $170.0M

New York-based RADAR provides RFID-powered retail technology that gives stores real-time, item-level inventory visibility, location accuracy, analytics, and operational automation. Founded by Adam Blair, Michael E. Murphy, and Spencer Hewett in 2013, RADAR has now raised a total of $217M in total equity funding and is backed by Align Ventures, Gideon Strategic Partners, and Nimble Partners.

RemotePass – $17.4M

Boston-based RemotePass provides a global HR, payroll, and workforce management platform for onboarding, managing, and paying contractors, EOR employees, and direct hires. Founded by Kamal Reggad and Karim Nadi in 2020, RemotePass has now raised a total of $27.9M in total equity funding and is backed by 212, 500 Global, Access Bridge Ventures, EBRD Venture Capital, Khwarizmi Ventures, and Oraseya Capital.

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Sardine – $25.0M

Miami-based Sardine provides an agentic risk platform for fraud prevention, AML compliance, transaction monitoring, identity verification, and financial crime operations. Founded by Aditya Goel, Soups Ranjan, and Zahid Shaikh in 2020, Sardine has now raised a total of $175.2M in total equity funding and is backed by National Bank of Canada and NAventures.

SendCutSend.com – $110.0M

Reno-based SendCutSend.com provides online custom manufacturing services for rapid sheet cutting, laser cutting, waterjet cutting, CNC machining, bending, and finishing. Founded by Jim Belosic in 2018, SendCutSend.com has now raised a total of $110M in total equity funding and is backed by John Collison, Paradigm, Patrick Collison, and Sequoia Capital.

Sigma Computing – $80.0M

San Francisco-based Sigma Computing provides an AI analytics workspace for cloud data warehouses, enabling teams to build governed dashboards, spreadsheets, workflows, and data applications. Founded by Jason Frantz, Mike Speiser, and Rob Woollen in 2014, Sigma Computing has now raised a total of $702M in total equity funding and is backed by Altimeter Capital, Avenir, D1 Ventures, Databricks Ventures, K5 Global, NewView Capital, Princeville Capital, ServiceNow Ventures, Spark Capital, Sutter Hill Ventures, Workday Ventures, and XN.

Socket – $60.0M

Stanford-based Socket provides software supply chain security tools that detect malicious open-source packages, dependency risks, vulnerabilities, and zero-day supply chain attacks. Founded by Feross Aboukhadijeh in 2020, Socket has now raised a total of $125.1M in total equity funding and is backed by Abstract, Andreessen Horowitz, Capital One Ventures, Elad Gil, Michael Lai, Michael Ovitz, Nick Marwell, Sven Wollschlaeger, and Thrive Capital.

Status – $17.0M

New York-based Status develops an AI-powered social simulation and interactive storytelling platform where users create personas, roleplay in fandoms, and interact with AI characters. Founded by Amit Bhatnagar, Blossom Okonkwo, Fai Nur, Great Okonkwo, and Pritesh Kadiwala in 2022, Status has now raised a total of $34.6M in total equity funding and is backed by Abstract, General Catalyst, LightShed Ventures, Union Square Ventures, and Y Combinator.

Stilta – $10.5M

San Francisco-based Stilta offers AI software for patent practitioners to search prior art, draft filings, monitor competitors, and assess portfolio value. Founded by Oscar Adamsson, Oskar Block, Petrus Werner, and Tobias Estreen in 2026, Stilta has now raised a total of $11M in total equity funding and is backed by Andreessen Horowitz and Y Combinator.

The Path – $14.3M

Reno-based The Path is an outcome-focused, subscription-based AI mental wellness and coaching application. Founded by Anson Whitmer, Tony Robbins, and Tyler Sheaffer in 2025, The Path has now raised a total of $14.3M in total equity funding and is backed by Apolo Ohno, Deontay Wilder, Designer Fund, and Prime Movers Lab.

Tomorrow.io – $35.0M

Boston-based Tomorrow.io is a weather technology company offering real-time forecasting services to predict and respond to climate-related threats. Founded by Itai Zlotnik, Rei Goffer, and Shimon Elkabetz in 2016, Tomorrow.io has now raised a total of $468.9M in total equity funding and is backed by HarbourVest Partners, Harel Insurance and Financial, Pitango VC, and Stonecourt Capital.

Unframe – $50.0M

Cupertino-based Unframe AI is an enterprise AI platform that develops tailored AI solutions for organizations across industries. Founded by Adi Azarya, Larissa Schneider, and Shay Levi in 2024, Unframe has now raised a total of $100M in total equity funding and is backed by Bessemer Venture Partners, Cerca Partners, Craft Ventures, Highland Europe, Third Point Ventures, TLV Partners, and Vintage Investment Partners.