Weekly Notable Startup Funding Report

The Weekly Notable Startup Funding Report explores various ecosystems across the US, highlighting significant funding activities in the markets tracked. For the week ending September 20, notable startup funding rounds included Groq, Divergent, and MarqVision among others, totaling $3.3 billion in new funding.

San Jose-based Figure is an AI robotics company developing autonomous general-purpose humanoid robots. Founded by Brett Adcock in 2022, Figure has raised a total of $1.9 billion in equity funding, backed by Align Ventures, Brookfield Asset Management, Intel Capital, and others.

Walnut Creek-based CodeRabbit offers software tools for automated code reviews using artificial intelligence. Founded in 2023 by Guritfaq Singh, Harjot Gill, and Vishu Kaur, CodeRabbit has raised $79.6 million in equity funding from CRV, Engineering Capital, and more.

Los Angeles-based MarqVision provides an AI-powered managed service platform to help brands remove counterfeits from online marketplaces. Founded by Mark Lee in 2020, MarqVision has secured $94.3 million in funding from Altos Ventures, Atinum Partners, and others.

New York-based WorkFusion offers AI agents that automate financial crime compliance and back-office operations. Founded in 2009 by Andrew Volkov, Max Yankelevich, and Mikhail Abramchyk, WorkFusion has raised $386.3 million in funding from Adam Famularo, Chubb, and others.

Austin-based SEON is a command center for fraud prevention and AML compliance, enhancing data and directing action. Founded in 2017 by Bence Jendruszak and Tamas Kadar, SEON has raised $187.8 million from Creandum, Firebolt Ventures, and others.

This report provides crucial insights into the latest trends in the startup ecosystem.