$299 million Startup Funding Announcements

United States

Cala Health, a San Mateo-based bioelectronic medicine company providing medical devices for managing chronic health conditions, raised $50 million. Founded by Kate Rosenbluth, Scott Delp, and Serena Wong, the company is backed by investors including Action Potential Venture Capital, Google Ventures, and Lux Capital. The funding was announced on December 16, 2024.

LambdaTest, a San Francisco-based provider of cloud-based tools for cross-browser testing, secured $38 million. Founded by Asad Khan, Jay Singh, and Mayank Bhola, the company's investors include Avataar Venture Partners and Qualcomm Ventures. The announcement was made on December 16, 2024.

RapidCanvas, an Austin-based no-code auto AI platform, raised $16 million. Founded by Kedar Samant, Rahul Pangam, and Uttam Phalnikar, the company is backed by Accel, Peak XV Partners, and Valley Capital Partners. The funding was disclosed on December 16, 2024.

Silent Push, a Reston-based threat intelligence solution, secured $10 million. Founded by Ken Bagnall, the company's investors include StepStone Group and Ten Eleven Ventures. The announcement was made on December 16, 2024.

Sublime Security, a Washington-based AI-powered email security platform, raised $60 million. Founded by Ian Thiel and Joshua Kamdjou, the company is backed by Citi Ventures, Index Ventures, and IVP. The funding was announced on December 16, 2024.

Twelve Labs, a San Francisco-based multimodal AI platform for video foundation models, secured $30 million. Founded by Aiden Lee, Dave Chung, Jae Lee, SJ Kim, and Soyoung Lee, the company's investors include Databricks Ventures and Snowflake Ventures. The announcement was made on December 16, 2024.

Vapi, a San Francisco-based AI services provider for group meetings, raised $20 million. Founded by John Dearsley and Nikhil Gupta, the company is backed by Abstract, Bessemer Venture Partners, and Y Combinator. The funding was disclosed on December 16, 2024.

Ask Sage, a Bentonville-based GPT-driven AI assistant for government teams and corporations, secured $17 million. Founded by Nicolas Chaillan, the company's investors include Mucker Capital and Sapphire Ventures. The announcement was made on December 16, 2024.

Aampe, a San Francisco-based mobile app engagement and personalization infrastructure provider, raised $18 million. Founded by Paul Meinshausen, the company is backed by Theory Ventures and Z47. The funding was announced on December 16, 2024.

Electrified Thermal Solutions, a Medford-based company focused on decarbonizing industry through renewable heat solutions, secured $19 million. Founded by Daniel Stack and Joey Kabel, the company's investors include Clean Energy Ventures and EDP Ventures. The announcement was made on December 16, 2024.

Azimuth AI, a Folsom-based embedded silicon product company for edge computing applications, raised $11.5 million. Founded by Praveen Yasarapu and Sridevi Badiga, the company is backed by AUM Ventures, Cyient, and Moneta Ventures. The funding was disclosed on December 16, 2024.

United Kingdom

Embeddable, a London-based startup, secured €6 million from OpenOcean. The funding announcement was made on December 16, 2024.

Europe

Perciv AI, a Dutch startup transforming radar perception for autonomous systems, raised €2.5 million. The funding announcement was made on December 16, 2024.

Askel.ai, a Tallinn-based startup, secured €380,000 in a pre-seed funding round led by Superangel. The announcement was made on December 16, 2024.