Category: angel investors

Nominal is a Los Angeles, CA-based developer of an engineering data infrastructure platform designed to align with the workflows of hardware engineers. The company’s platform bridges the gap between machines and the human experts who develop, test, and operate them by ingesting, analyzing, and visualizing mission-critical hardware data from diverse sources for engineers to gain the insights needed to make reliable and timely decisions, enabling industrialists to make business decisions in a reliable and timely manner.

Nominal was funded $7.5 million, showcasing strong investor confidence in its innovative approach to data analytics. Lux Capital led the Seed round, with participation from Founders Fund and General Catalyst. Additional investors included Haystack VC, XYZ Ventures, Human Capital, Box Group, Overmatch, and strategic angel investors.

Nominal’s platform is designed to help businesses navigate complex data landscapes, providing actionable insights and strategic intelligence. With this latest funding infusion, Nominal aims to further enhance its technology stack, expand its customer base, and solidify its position as a critical player in the data analytics industry.

Cameron McCord Nominal’s CEO said they are thrilled to have the support of their investors as they continue to drive innovation in mission-critical data analytics. The new funding will fuel their efforts to empower businesses with the tools and insights they need to make informed decisions and achieve their strategic objectives.

Nominal has the potential to revolutionize how businesses leverage data for competitive advantage. As companies increasingly rely on data-driven strategies, Nominal’s solutions are poised to drive growth and performance across various sectors.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

GoodGist, a Foster City, CA-based, developer of a corporate skills development platform intended to facilitate artificial intelligence-powered knowledge management automation. The company’s platform offers career personalized upskilling content curation, personalized learning, personalized assessment, and research content curation through various courses and learning opportunities that cater to the needs of professionals and students, enabling users to attain enhanced workplace productivity.

Backers included FortyTwo.VC, Cedar Ridge Ventures, DX Partners, and angel investors from tech companies such as Microsoft and Amazon. The company’s platform integrates language education with career-focused content, providing users with a comprehensive learning experience that not only improves language skills but also enhances their career prospects.

This investment will fuel the launch of their innovative multilingual platform in global markets and further enhance their offerings in career up-skilling.

With this new capital infusion, GoodGist aims to expand its reach to a wider audience across different regions, catering to the growing demand for multilingual skills in today’s globalized economy. The platform’s advanced features, such as personalized learning paths, interactive lessons, and real-world simulations, set it apart as a leader in the edtech sector.

GoodGist’s CEO expressed excitement about the funding round, stating, the investment is a testament to the value their platform brings to learners and professionals alike. They are committed to empowering individuals with the language proficiency and career readiness they need to succeed in a competitive landscape.

The company plans to roll out new features and partnerships in the coming months, aiming to revolutionize how people learn languages and advance their careers. GoodGist’s vision of a connected, multilingual workforce is now closer to reality, thanks to this significant funding milestone.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Higgsfield AI is a San Francisco, CA-based developer of an open-source machine learning framework designed for video creation tools. The company’s framework offers functions such as allocating exclusive and non-exclusive access to compute resources to users for their training tasks, supporting ZeRO-3 deep speed API and fully sharded data parallel API of PyTorch, enabling users with a framework for initiating, executing, and monitoring the training of large neural networks on allocated nodes, managing resource contention by maintaining a queue for running experiments and more.

Higgsfield AI was funded with $8 million led by Menlo Ventures, with participation from Charge Ventures, Bitkraft Ventures, K5 Tokyo Black, AI Capital Partners (Alpha Intelligence Capital’s U.S.-based fund), and DVC, among others. Angel investors include Nima Khajehnouri, Ilya Gelfenbeyn, Abhay Parasnis, Amar Hanspal, and Jack Brody.

The investment will fuel Higgs Field AI’s mission to democratize video creation by making cutting-edge tools accessible to a broader spectrum of content creators, from independent filmmakers to social media influencers. With a focus on leveraging AI and machine learning technologies, Higgs field AI aims to revolutionize how videos are conceptualized, produced, and distributed.

Higgsfield AI’s platform integrates advanced features such as automated video editing, real-time analytics, and personalized content recommendations. By harnessing the power of AI, creators can streamline their workflow, enhance video quality, and optimize audience engagement, ultimately driving growth and success in the digital landscape.

The company’s innovative approach has garnered attention and support from investors who recognize the potential impact of AI-driven solutions in the content creation industry. With the new funding, Higgsfield AI plans to expand its team, enhance product capabilities, and forge strategic partnerships to empower creators further and elevate the standard of video content creation.

As the demand for high-quality video content continues to rise across platforms, Higgsfield AI’s vision and technological prowess position it as a key player in shaping the future of digital content creation. With a focus on accessibility, innovation, and user empowerment, Higgsfield AI is poised to lead the way in revolutionizing the way creators bring their ideas to life through video.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Goodbill is a Seattle, WA-based developer of a payment platform designed to improve the hospital bill payment system. The company’s platform analyzes medical bills, finds possible hospital billing errors and inflated charges, and negotiates to lower expenses by using price technology. This enables customers to get a payment plan and pay less for medical costs.

Goodbill was funded $2 million, led by venture capital firms known for their strategic investments in cutting-edge healthcare technologies and other angel investors. This infusion of capital will enable Goodbill to accelerate the development of its platform and expand its reach within the healthcare ecosystem.

Goodbill is on a mission to transform how medical records and hospital bills are analyzed and managed. By leveraging advanced technologies such as artificial intelligence and machine learning, Goodbill aims to streamline processes, reduce errors, and improve healthcare billing and record-keeping efficiency.

Advanced Data Analysis: Goodbill’s platform utilizes advanced algorithms to analyze digital medical records and hospital bills, extracting valuable insights and identifying areas for optimization.

Cost Savings: Goodbill helps healthcare providers and payers save costs and improve financial performance by identifying billing discrepancies and inefficiencies.

Enhanced Accuracy: Goodbill’s AI-powered algorithms ensure greater accuracy in billing and record-keeping, reducing errors and improving compliance.

Seamless Integration: The platform seamlessly integrates with existing healthcare systems, making it easy for providers to adopt and benefit from Goodbill’s solutions.

Goodbill’s innovative approach could drive significant improvements in the healthcare industry. By streamlining billing processes, improving data accuracy, and reducing administrative burdens, Goodbill empowers healthcare providers to focus more on patient care and less on paperwork.

The $2 million funding secured by Goodbill underscores the growing demand for innovative healthcare billing and record management solutions. With its advanced platform and visionary approach, Goodbill is poised to make a lasting impact on the healthcare industry, driving efficiency, cost savings, and better patient outcomes.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Telo, San Carlos, CA-based manufacturer of electric vehicle trucks intended to provide affordable trucks to urban workers and weekend adventurers. The company offers electric trucks for urban living and weekend adventuring, enabling clients to get efficient electric vehicle pickup as per their needs.

Telo was funded $5.4 million led by Ali Partovi with participation from Spero Ventures and angel investors.

Telo’s electric trucks are renowned for their exceptional efficiency, combining cutting-edge battery technology with advanced aerodynamics and lightweight materials to maximize range and reduce operating costs. With this latest investment, Telo aims to accelerate the production and deployment of its electric trucks, targeting key markets where eco-friendly transportation solutions are in high demand.

Jason Marks the CEO of Telo said that they are thrilled to receive this funding, which will enable them to scale up production and bring their highly efficient electric trucks to more customers. Their mission is to revolutionize the trucking industry by offering a sustainable alternative that not only benefits the environment but also delivers significant cost savings to fleet operators.

The electric vehicle market has been experiencing rapid growth, driven by increasing awareness of environmental issues and the need to reduce carbon emissions. Telo’s focus on efficiency and practicality positions it as a frontrunner in the electrification of commercial transportation, attracting attention from investors looking to support innovative solutions with a positive impact on the planet.

With the new funding in place, Telo is poised to expand its operations, enhance its technology, and forge partnerships with key stakeholders in the electric vehicle ecosystem. The company’s commitment to sustainability and performance places it at the forefront of the electric truck revolution, paving the way for a cleaner and more efficient future in transportation.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Big Sur AI, a Mountain View, CA-based. Developer of an artificial intelligence (AI) tool designed to boost e-commerce sales. The company’s platform helps to increase sales by optimizing the conversion funnel, operational efficiency by streamlining customer service, and getting deeper insights with less manual effort using the power of AI, enabling retailers to boost their sales and streamline their marketing process.

Big Sur AI was funded $6.9 million was led by Lightspeed Venture Partners with participation from Capital F and angel investors.

The influx of capital will enable Big Sur AI to further develop and enhance its innovative AI Sales Agent, a cutting-edge solution designed to revolutionize sales strategies for e-commerce merchants. The AI Sales Agent utilizes advanced machine learning algorithms to analyze customer behavior, predict purchasing patterns, and personalize product recommendations in real time.

With this new round of funding, they are excited to accelerate the development of their AI Sales Agent and empower e-commerce merchants with actionable insights and personalized sales strategies.

The AI Sales Agent aims to address common challenges faced by e-commerce businesses, such as cart abandonment, low conversion rates, and ineffective marketing campaigns. By leveraging AI technology, merchants can optimize their sales funnels, increase customer engagement, and drive revenue growth.

They believe that AI has the potential to transform the e-commerce landscape, and their goal is to empower merchants of all sizes to thrive in a competitive market.

Big Sur AI’s innovative approach to AI-driven sales optimization has already garnered significant interest from e-commerce businesses looking to stay ahead of the curve. With the latest funding round, the company is well-positioned to continue its growth trajectory and make a lasting impact on the future of e-commerce sales strategies.

By: K. Tagura

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Limbic is a NYC- and London, UK-based developer of a therapy assistant platform designed to improve people’s mental health and lives. The company’s platform is developing a scalable method to meet the growing mental health problem. It utilizes an AI-enabled wearable device to measure heartbeats and machine learning to uncover the user’s emotional state, enabling professionals to improve the mental condition of patients by understanding interactions between two humans.

Limbic was funded $14 million and led by Khosla Ventures, with participation from angel investors of Gaingels and Illusian. The investment is set to accelerate the development and deployment of Limbic’s cutting-edge AI-powered mental health support platform, which aims to provide accessible, personalized, and timely mental health support using advanced AI algorithms.

Limbic’s platform utilizes natural language processing and machine learning techniques to analyze user interactions and provide tailored mental health insights. The platform offers users a unique and highly personalized experience by combining data-driven approaches with evidence-based therapeutic practices.

The recent surge in mental health awareness has highlighted the need for innovative solutions to address the growing mental health crisis. Limbic’s technology-driven approach promises to bridge the gap in mental health care by making support more widely available and reducing the stigma associated with seeking help.

Dr. Ross Harper, co-founder and CEO of Limbic, expressed gratitude for the support from investors and emphasized the company’s commitment to positively impacting global mental health. This funding is a significant milestone for Limbic, and they are excited about the opportunity to develop their platform further and reach more individuals needing mental health support. Their vision is to leverage AI to provide personalized and empathetic care, making mental health resources accessible to everyone.

The funds will be allocated to expanding the team of experts in AI, mental health, and user experience design. Additionally, Limbic aims to enhance its platform’s capabilities and ensure it complies with the highest data security and privacy standards.

The positive reception from investors underscores the growing recognition of the importance of leveraging technology to address mental health challenges. As Limbic continues to push the boundaries of AI-powered mental health support, it is poised to contribute significantly to the ongoing efforts to destigmatize mental health care and provide meaningful assistance to individuals worldwide.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

PawCo, a San Francisco, CA-based. The operator of a subscription-based food platform intended to provide vegan pet foods. The company’s platform offers plant-based meat that is nutritious and delicious for pets, enabling customers to get healthy food for their pets.

PawCo was funded $2 million, led by Elevate Ventures and other angel investors such as Arash Ferdowsi. The company aims to leverage cutting-edge AI technology to create nutritionally balanced and sustainable alternatives for canine companions.

The company’s commitment to using artificial intelligence to optimize the formulation of plant-based diets for dogs has garnered significant attention and support from animal lovers and environmentally conscious investors.

PawCo’s proprietary AI algorithms analyze a vast array of data, including canine nutritional needs, breed-specific requirements, and the latest scientific research on plant-based diets for dogs. This innovative approach ensures that each product is tailored to meet the individual nutritional needs of different breeds and sizes.

The startup’s commitment to sustainability is a critical factor in attracting investors. Traditional pet food production, often reliant on meat-based ingredients, has been linked to environmental concerns, including deforestation and high greenhouse gas emissions. PawCo’s plant-based approach aims to address these issues, offering a more eco-friendly alternative without compromising pets’ nutritional needs.

Dr. Mahsa Vazin, Founder of PawCo, said they believe in positively impacting both pet health and the environment. Their plant-based dog food is nutritionally complete and contributes to a more sustainable and ethical pet food industry.

The recent funding will be allocated towards further research and development, expanding the product line, and increasing production capacity. PawCo plans to collaborate with veterinarians, nutritionists, and environmental experts to refine their formulations and ensure that their plant-based offerings meet the highest quality and safety standards.

As the pet industry continues to evolve with a focus on health, sustainability, and innovation, PawCo’s success highlights the growing demand for alternatives that prioritize the well-being of pets and the planet. The company is poised to significantly impact the pet food landscape, setting a new standard for responsible and technologically advanced nutrition for our four-legged companions.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

PermitFlow is a Milpitas, California-based developer of a permit application management platform designed to simplify and speed up the process of obtaining construction permits. The company’s software handles permit application preparation, filling, and submitting to municipalities, along with identifying an optimal permitting path, enabling builders. contractors, architects, developers, and owners with a nuanced understanding of detailed rules, processes, and paperwork for moving forward with construction projects.

PermitFlow was funded $31 million led by prominent investor Kleiner Perkins with participation from Felicis, Altos Ventures, Initialized Capital, Y Combinator, ConTech, workflow software, and AI angel investors.

The company aims to use the newly secured funds to enhance its platform further, expand its reach, and accelerate the adoption of its cutting-edge solutions.

PermitFlow’s platform is designed to address one of the most cumbersome aspects of construction projects – the permitting process. Traditionally known for being time-consuming, bureaucratic, and prone to delays, obtaining permits has been a central pain point for construction companies worldwide. PermitFlow, however, has emerged as a game-changer by leveraging technology to simplify and expedite these processes, making them more efficient and cost-effective.

With a focus on automation, artificial intelligence, and data analytics, PermitFlow’s platform streamlines communication between construction teams and regulatory bodies. By digitizing and centralizing the permitting workflow, the platform reduces paperwork, minimizes manual errors, and significantly reduces the time required to secure approvals. This expedites project timelines and results in substantial cost savings for construction companies.

The new funding round signifies a decisive vote of confidence from investors who recognize PermitFlow’s potential to bring about transformative changes in the construction industry. The company plans to use the funds to invest in research and development, enhance its technological infrastructure, and scale its operations to cater to a broader market.

Francis Thumpasery, CEO and Founder of PermitFlow said they are thrilled to have the support of their investors as they continue their mission to revolutionize the construction industry. The funding will enable them to develop their platform further, reach more clients, and ultimately make the construction permitting process faster and more cost-effective for everyone involved.

As the construction industry increasingly embraces digital solutions to improve efficiency and sustainability, PermitFlow stands at the forefront, offering a promising solution to a longstanding challenge. With the recent funding injection, the company is well-positioned to lead the way in transforming how construction projects navigate the often-complex landscape of regulatory approvals.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.

Dapple Security is a Denver, CO-based developer of a digital security technology platform designed to protect human digital identity. The company’s technology utilizes responsible biometrics and privacy by design principles and, with the help of its passwordless platform, enables enterprises to defend against phishing and other cyber-attacks.

Dapple Security was funded $2.3 million. The investment will be instrumental in advancing Dapple’s innovative cybersecurity solutions tailored for a sector often overlooked and susceptible to cyber-attacks.

Small and mid-sized businesses constitute a significant portion of the global economy, yet they frequently need more resources and robust cybersecurity measures that larger enterprises employ. Recognizing this vulnerability, Dapple Security aims to level the playing field by providing cutting-edge cybersecurity solutions designed for businesses of this scale.

The funding round was led by prominent venture capital firms First In, ex/ante, Access Ventures, Techstars, and other strategic angel investors who recognize the critical importance of fortifying the digital defenses of smaller enterprises. Dapple’s approach focuses on creating accessible and affordable cybersecurity solutions that cater to small and mid-sized businesses’ unique needs and challenges.

CEO of Dapple Security, Gadalia Montoya Weinberg O’Bryan, expressed gratitude for the support and emphasized the company’s commitment to empowering smaller businesses in the digital age. Their mission is to democratize cybersecurity. Small and mid-sized businesses are the backbone of their economy and deserve top-notch protection against evolving cyber threats.

Dapple’s innovative cybersecurity suite encompasses threat detection, data encryption, and proactive monitoring to shield businesses from cyber threats, including phishing attacks, ransomware, and data breaches. The platform is designed to be user-friendly and scalable, allowing businesses to integrate and manage their cybersecurity defenses easily.

The investment comes when cyber-attacks on small and mid-sized businesses are on the rise, with threat actors increasingly targeting these entities due to perceived vulnerabilities. The funds raised will accelerate product development, expand the Dapple Security team, and enhance customer support services.

Dapple Security’s commitment to bolstering the cybersecurity posture of small and mid-sized businesses is a significant step towards creating a more resilient and secure digital landscape for all. As the company continues to innovate and evolve, the impact on the cybersecurity landscape for smaller enterprises is expected to be profound, marking a positive shift towards a more inclusive and protected digital ecosystem.

By: K. Tagura

Author statement:

Who we are: Funded.com is a platform that is A+ BBB accredited over 10+ years. Access our network of Angel Investors, Venture Capital or Lenders. Let us professionally write your Business Plan.