Bearhug Recruiting: Executive Search For Early-Stage Environmental Technology & Enterprise Software Startups

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#21: (9/2/24) Early & Growth Stage Tech Startup Funding Recap!

Check Out This Week's Venture Capital Investment Summary Spanning Early & Growth-Stage US Based Environmental Technology & Enterprise Software Startups!

Every Monday, the team here at Bearhug Recruiting aggregates, researches, and publishes a recap of the prior week's fundraising activity within the early and growth-stage Environmental Technology & Enterprise Software startup ecosystem.

This research not only allows us to keep our finger on the pulse of the markets we serve, but also benefits others who, like us, enjoy analyzing the latest trends that signal investor confidence AND startup growth within what we believe are the most exciting and impactful segments!

We also hope the people and companies we feature enjoy both a virtual fist bump from the team at Bearhug, plus benefit from some additional free market exposure to amplify their mission. Make sure you reach out to any that are interesting/relevant that you might be able to help!

Here’s this week’s startup funding recap:

  1. Butlr, led by Honghao Deng, has raised a $38 million Series B funding round. Butlr, an MIT Media Lab spinout, offers a cutting-edge technology platform utilizing physical AI (PAI) to monitor subtle movements within a space. The system accurately discerns activity, occupancy, indoor location, and body posture while ensuring privacy by being incapable of capturing personally identifiable information. This technology is widely used by employers, retailers, and senior living communities to optimize real estate investment, asset management, health, and energy efficiency. The funds will be used to expand their presence, primarily in senior care communities. The round was led by Foundry Group (Seth Levine) with additional support from Pacific Alliance Venture, GS Futures, DNX Ventures, Ray Stata, Joi Ito, Carrier, and Qualcomm. [Link] #Physical AI #Real Estate Investment Planning Tech #Asset Management Tech #Health Tech #Energy Efficiency Tech #Senior Care Tech #Internet of Things #Artificial Intelligence #Environmental Technology

  2. Planera, led by Nitin Bhandari, has raised a $13.5 million Series A funding round. Planera offers a full CPM-based scheduling and planning platform designed specifically for the construction industry. The platform includes a multi-level whiteboard, allowing all stakeholders, such as general contractors and specialty subcontractors, to collaboratively create, review, and optimize schedules across all project phases—pursuit, pre-construction, and project execution. Advanced features include real-time progress tracking, schedule quality audits, and Monte Carlo risk simulation. The funds will be used to accelerate the development and deployment of these innovative planning tools. The round was led by Sierra Ventures (Shashank Saxena), with additional support from Sorenson Capital (Ken Elefant), Brick and Mortar Ventures (Kaustubh Pandya), Prudence VC (Gavin Myers), and Firebolt Ventures. [Link] #Construction Scheduling Tech #Construction Planning Tech #Pre Construction Tech #Monte Carlo Simulation #ConTech #PropTech #Environmental Technology

  3. Miris, led by Marlin Prager, has raised a $26 million Seed funding round. Miris brings spatial computing into the streaming era with patented technology that enables real-time, dynamic streaming of high-fidelity spatial content without the need for downloads. This innovation solves a significant challenge for creators, distributors, and consumers of spatial content, offering a seamless streaming experience similar to that of music, movies, and TV. The funds will be used to expand operations and its development efforts. The round was led by IAG Capital Partners (Joel Whitley). [Link] #Spatial Computing #EdTech #MedTech #Communication Tech #Entertainment Tech #Environmental Technology

  4. Pangeam, led by Jeremy Moultrup, has raised a $4.25 million Seed funding round. Pangeam provides a B2B SaaS workplace intelligence platform that delivers spatial and social analytics to help companies refine office layouts, improve resource allocation, and enhance workplace efficiency. The platform measures anonymous presence and ergonomic movements, comparing them against design elements to create a feedback loop that improves the built environment, ultimately fostering a workspace that keeps employees engaged and productive while enhancing the company’s overall financial health. The funds will be used to expand operations and development efforts. The round was led by Neotribe (Rebecca Mitchem, Swaroop Kolluri), with additional support from SNR Ventures, DVC, and Niremia Capital. [Link] #AI Powered Analytics #Workplace Intelligence Platform #Spatial Analytics #Social Analytics #Workplace Efficiency #Workplace Design #Artificial Intelligence

  5. Wethos AI, led by Stuart McClure, has raised a $7.5 million Seed funding round. Wethos AI provides an AI-driven workplace solution that combines artificial intelligence and deep organizational psychology to deliver insights into team dynamics. The platform quantifies team ethos and leverages AI-driven analysis to help businesses unlock new levels of team performance and individual potential, offering a data-driven approach to optimize team dynamics and achieve strategic goals. The funds will be used to enhance technology development and go-to-market efforts. The round was led by GFT Ventures (Jeff Herbst), with additional support from Miramar Digital Ventures, UCI Cove Fund, and Capellas Partners. [Link] #HRTech #AI Workplace Optimization #Organizational Psychology #Team Performance Optimization #Artificial Intelligence

  6. Tilt, led by Jen Henderson, has raised $15 million in Series B funding. Tilt offers a leave management platform designed to bridge HR efficiency with employee experience. The platform intelligently manages all employee leave scenarios, ensuring employees feel supported during challenging times while optimizing HR operations. It enhances the overall employee experience, reduces administrative burdens, and ensures compliance with regulatory requirements, thereby improving workplace morale and productivity. The funds will be used to further develop the platform. The round was led by Bramalea Partners (Andy Boyd), with additional support from Firework Ventures (Brigette Lau), Origin Ventures (Brent Hill), HearstLab, and Techstars. [Link] #HRTech #Leave Management Tech #HR Efficiency #HR Dashboard #HR Compliance

  7. Bland AI, led by Isaiah Granet, has raised $16 million in Series A funding. Bland AI provides a conversational AI platform that automates phone calls for businesses using hyper-realistic AI agents. The platform allows enterprises to create and deploy AI phone calling agents that can manage customer interactions, offering features such as voice cloning, multi-language support, and infinite scalability. Additionally, it includes post-call analytics and the ability to train the AI using proprietary data, enhancing customer engagement and operational efficiency. The funds will be used to expand operations and development efforts. The round was led by Scale Venture Partners (Andy Vitus), with additional support from Y Combinator and other notable angel investors. [Link] #AI Agents #SalesTech #CXTech #Conversational AI #Call Automation #Artificial Intelligence

  8. Inventive AI, led by Dhiren Bhatia, has raised $4 million in Seed funding. Inventive AI offers an AI-driven platform designed to streamline and optimize RFP and sales questionnaire workflows. The platform provides tools for generating accurate first drafts, managing content, and boosting productivity through AI agents, giving businesses a competitive advantage in responding to RFPs. It acts as a centralized hub for all enterprise knowledge sources, ensuring that responses are accurate and up-to-date, significantly enhancing the efficiency of the RFP process. The funds will be used to enhance RFP processes with generative AI. The round was led by Sierra Ventures (Anne Gherini, Mark Fernandes), with additional support from YCombinator, Soma Capital (Aneel Ranadive, Nikhita Jaaswal), and General Catalyst. [Link] #AI Agents #RFP Tech #SalesTech #RFP Intelligence #Content Management Tech #Generative AI #Artificial Intelligence

  9. Pylon, led by Marty Kausas, has raised $17 million in Series A funding. Pylon provides a support platform for B2B companies, featuring a comprehensive suite of tools including ticketing systems, omnichannel integrations, AI support bots, and customer portals. The platform is designed to enhance customer support and account management while integrating seamlessly with existing workflows. It includes customizable reporting, modern chat widgets, and developer tools, ensuring that B2B companies can manage customer relationships efficiently and effectively. The funds will be used to expand operations and development efforts. The round was led by Andreessen Horowitz (Jennifer Li, Zeya Yang), with additional support from General Catalyst and Y Combinator. [Link] #CXTech #CX Support Engine #AI Agents #Generative AI #Artificial Intelligence

*Note: The companies we feature in our weekly recap are a very small subset of a much larger batch, carefully chosen based on our team's assessment of how each company aligns with our GTM search practice. It’s worth noting that most startups raise funding rounds privately, often long before the news is announced publicly!