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 7/26/25 featuring funding details for Nav, Asylon, Ashby, and twenty-three other deals representing $1.02B in new funding that you need to know about.
Alix – $20.0M
San Francisco-based Alix is a wealth transfer platform that helps individuals simplify document management, asset distribution, and legal processes. Founded by Alexandra Mysoor and Hugh Tamassia in 2022, Alix has now raised a total of $29.4M in total equity funding and is backed by Acrew Capital, Cameron Ventures, Charles Schwab, Edward Jones, Initialized Capital, Magnify Ventures, Scribble Ventures, and Ziegler Link-Age Funds.
april – $38.0M
New York-based April offers embedded tax planning and filing tools that integrate into financial platforms to power smarter, real-time tax decisions. Founded by Ben Borodach and Daniel Marcous in 2021, april has now raised a total of $78.0M in total equity funding and is backed by Euclidean Capital, iAngels, Industry Ventures, Nyca Partners, QED Investors, Team8, TI Platform, and Treasury. AlleyWatch broke the news in an exclusive covering the round and much more – april Raises $38M to Embed Tax Intelligence into Every Financial Decision
Armada – $131.0M
San Francisco-based Armada provides modular data centers and edge compute solutions. Founded by Dan Wright and Jonathan Runyan in 2022, Armada has now raised a total of $239.0M in total equity funding and is backed by 8090 Industries, Felicis, Founders Fund, Glade Brook Capital Partners, Lux Capital, M12 – Microsoft’s Venture Fund, Marlinspike Capital, Overmatch Ventures, Pinegrove Capital Partners, Shield Capital, Silent Ventures, and Veriten.
Ashby – $50.0M
San Francisco-based Ashby develops human resource software to assist companies with hiring and manpower management. Founded by Abhik Pramanik and Benjamin Encz in 2018, Ashby has now raised a total of $120.0M in total equity funding and is backed by Alkeon Capital, Elad Gil, F-Prime, Gaingels, and Lachy Groom.
Asylon – $24.0M
Philadelphia-based Asylon Robotics develops robotic security systems that integrate drones and ground-based robotics to automate perimeter security operations. Founded by Adam Mohamed, Brent McLaughlin, and Damon Henry in 2015, Asylon has now raised a total of $25.3M in total equity funding and is backed by Allegion Ventures, GO PA Fund, Insight Partners, and Veteran Ventures Capital.
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BetterComp – $33.0M
Alamo-based BetterComp provides the modern compensation market pricing solutions designed to help companies get through market pricing at scale. Founded by Alan Miegel, Derek Watson, and Sandra Leon in 2019, BetterComp has now raised a total of $38.2M in total equity funding and is backed by Ten Coves Capital.
Cambridge Terahertz – $12.0M
Cambridge-based Cambridge Terahertz is a technology company that offers SaaS applications, REST APIs, and 3D imaging systems. Founded by Anand Dixit and Nathan Monroe in 2023, Cambridge Terahertz has now raised a total of $12.0M in total equity funding and is backed by Amazon Industrial Innovation Fund and Felicis.
Charta Health – $22.0M
San Francisco-based Charta Health is an AI-powered platform that optimizes medical billing and coding workflows. Founded by Justin Liu and Scott Morris in 2023, Charta Health has now raised a total of $30.1M in total equity funding and is backed by Bain Capital Ventures, Madrona, Refract Ventures, South Park Commons, and SV Angel.
Deep Isolation – $33.0M
Berkeley-based Deep Isolation develops and commercializes technology to safely dispose of nuclear waste using deep horizontal boreholes. Founded by Elizabeth Muller and Richard Muller in 2016, Deep Isolation has now raised a total of $47.1M in total equity funding and is backed by Mark Tompkins, Nuclear Assurance Corporation, and Segra Capital.
Delve – $32.0M
San Francisco-based Delve provides a platform that automates compliance processes for SOC 2, HIPAA, ISO, and GDPR. Founded by Karun Kaushik and Selin Kocalar in 2023, Delve has now raised a total of $35.8M in total equity funding and is backed by Insight Partners.
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Eventual – $5.0M
New York-based Eventual is an insurtech company that builds software and markets to protect real estate owners from climate risks. Founded by Dylan DiMarchi in 2023, Eventual has now raised a total of $7.5M in total equity funding and is backed by AlleyCorp, Clocktower Technology Ventures, Kindergarten Ventures, RXR ARDEN Digital Ventures, and Upfront Ventures.
Fortuna Health – $18.0M
New York-based Fortuna streamlines Medicaid navigation for consumers, covering eligibility, enrollment, and renewal processes seamlessly. Founded by Benjamin Wesner, Cydney Kim, and Nikita Singareddy in 2023, Fortuna Health has now raised a total of $22.0M in total equity funding and is backed by Andreessen Horowitz and Y Combinator.
GupShup – $60.0M
San Francisco-based Gupshup offers a platform for businesses to build AI-powered messaging, chatbots, and customer engagement. Founded by Beerud Sheth and Rakesh Mathur in 2004, GupShup has now raised a total of $544.1M in total equity funding and is backed by Globespan Capital Partners.
Kadence – $20.0M
San Francisco-based Kadence is the world’s #1 workplace operations platform for people and spaces. Founded by Charlie Cannell and Dan Bladen in 2022, Kadence has now raised a total of $30.0M in total equity funding and is backed by 515 Ventures, Four Cities Capital, High Alpha, Kickstart, Manta Ray Ventures, and Midwich Ignite.
Nav – $5.0M
Draper-based Nav is a credit and financial health platform that provides access to credit and financing opportunities for businesses. Founded by Caton Vance Hanson and Levi King in 2012, Nav has now raised a total of $104.0M in total equity funding and is backed by NBH bank.
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Nevoya – $9.3M
Santa Monica-based Nevoya is a totally electric truckload carrier dedicated to making zero-emission freight transport simple. Founded by John Verdon, Sami Khan, and Thomas Atwood in 2023, Nevoya has now raised a total of $12.3M in total equity funding and is backed by Floating Point, LMNT Ventures, Lowercarbon Capital, Never Lift Ventures, Qasar Younis, Stepchange Ventures, and Third Sphere.
OpenLaw – $3.5M
San Francisco-based OpenLaw helps individuals find the right attorneys based on specialty, experience, and location. Founded by Abtin Gramian, Andrew Guzman, and David Ngo in 2023, OpenLaw has now raised a total of $7.8M in total equity funding and is backed by Everywhere Ventures, Flint Capital, Gaingels, Mindful VC, Slauson & Co., SQII Ventures, The LegalTech Fund, and Wisdom Ventures.
Phlow – $37.0M
Richmond-based Phlow supplies affordable, quality, essential medicines through U.S.-based advanced manufacturing processes. Founded by Eric Edwards and Frank Gupton in 2020, Phlow has now raised a total of $117.2M in total equity funding and is backed by Align Private Capital.
Reka AI – $110.0M
Sunnyvale-based Reka AI is an AI research and product company that develops multimodal AI solutions to advance science and build generative AI models. Founded by Cyprien de Masson d’Autume, Dani Yogatama, Mikel Artetxe, Qi Liu, and Yi Tay in 2022, Reka AI has now raised a total of $170.0M in total equity funding and is backed by NVIDIA and Snowflake.
Relativity Networks – $6.1M
Winter Park-based Relativity Networks stands as foremost provider of Hollow Core Fiber at scale, significantly boosting the speed of light in fiber optics. Founded by Jason Eichenholz and Rodrigo Correa in 2023, Relativity Networks has now raised a total of $10.7M in total equity funding and is backed by GOVO Venture Partners and Prysmian Group.
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Rune Technologies – $24.0M
Arlington-based Rune Technologies develops AI-enabled predictive logistics solutions for military operations. Founded by David Tuttle in 2024, Rune Technologies has now raised a total of $30.2M in total equity funding and is backed by Andreessen Horowitz, Forward Deployed Venture Capital, Human Capital, Pax Ventures, Point72 Ventures, Washington Harbour Partners, and XYZ Venture Capital.
Scrunch AI – $15.0M
Los Angeles-based Scrunch AI, a platform designed to help businesses optimize their presence in AI-driven search. Founded by Chris Andrew and Robert MacCloy in 2023, Scrunch AI has now raised a total of $19.0M in total equity funding and is backed by Decibel Partners, Homebrew, and Mayfield Fund.
Slingshot AI – $53.0M
Albany-based Slingshot AI provides a cloud-based platform for easy training, deploying, and managing machine learning models. Founded by Neil Parikh in 2022, Slingshot AI has now raised a total of $123.0M in total equity funding and is backed by Andreessen Horowitz, Felicis, Forerunner, Menlo Ventures, and Radical Ventures.
Trunk Tools – $40.0M
New York-based Trunk Tools is a construction tech company that uses AI to help teams manage project data more efficiently. Founded by Sarah Buchner in 2021, Trunk Tools has now raised a total of $69.9M in total equity funding and is backed by Innovation Endeavors, Insight Partners, Liberty Mutual Strategic Ventures, Prudence, Redpoint, and StepStone Group.
Vanta – $150.0M
San Francisco-based Vanta is a trust management platform that automates compliance and risk management. Founded by Christina Cacioppo and Erik Goldman in 2018, Vanta has now raised a total of $503.0M in total equity funding and is backed by Atlassian Ventures, Craft Ventures, CrowdStrike, Goldman Sachs Growth Equity, JP Morgan Chase, Sequoia Capital, Wellington Management, and Y Combinator.
Yieldstreet – $77.0M
New York-based Yieldstreet is an alternative investment platform that provides retail investors access to income-generating investment products. Founded by Dennis Shields, Michael Weisz, and Milind Mehere in 2015, Yieldstreet has now raised a total of $416.7M in total equity funding and is backed by Cordoba Advisory Partners, Edison Partners, Kingfisher Investment Advisors, Mayfair Equity Partners, RedBird Capital Partners, and Tarsadia Investments.
Connect with NYC’s Most Influential Tech Leaders & Decision-Makers
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C-suite executives and key decision-makers
Founders and entrepreneurs
Venture capitalists and investors
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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