The Weekly Notable Startup Funding Report for the week ending 10/17/26 highlights funding activity across U.S. ecosystems, featuring Modal Labs, ICON, Suki, and eighteen other deals representing $1.7B in new funding.
Notable startup funding rounds
Leading the list, New York-based Modal Labs raised $750.0M. Modal Labs, a serverless cloud infrastructure platform for machine learning and data processing workloads founded by Akshat Bubna and Erik Bernhardsson in 2021, has now raised a total of $1.2B in equity and is backed by Accel, Amplify Partners, Bain Capital Ventures, General Catalyst, Kleiner Perkins, Lux Capital, Menlo Ventures, and Redpoint.
Austin-based ICON raised $200.0M. ICON, a construction technology company founded by Alexander Le Roux, Evan Loomis, and Jason Ballard in 2017, has now raised a total of $772.8M in equity and is backed by Baillie Gifford, BlackRock, Capital Factory, CAZ Investments, Moderne Ventures, Moonshots Capital, Norwest, Overmatch Ventures, The Syndicate.com, and Tiger Global Management.
Redwood City-based Suki raised $90.0M. Suki, which develops AI solutions to assist clinicians with clinical documentation and administrative tasks, was founded by Anshu Sharma, Karthik Rajan, and Punit Soni in 2017; it has now raised a total of $255M in equity and is backed by Crosslink Capital, Flare Capital Partners, Healthier Capital, Hedosophia, Hercules Capital, Philips Venture Capital Fund, Venrock, and Zoom Ventures.
San Francisco-based Abby Care raised $82.0M. Abby Care, an AI-powered platform that trains and supports family caregivers in delivering care at home, was founded by Havi Nguyen in 2021; it has now raised a total of $117M in equity and is backed by CVS Health Ventures, Frist Cressey Ventures, Khosla Ventures, Pivotal Ventures, Sequoia Capital, Thrive Capital, and Transformation Capital.
San Francisco-based Stand raised $70.0M. Stand, which provides homeowners insurance and property risk management services for properties exposed to natural hazards, was founded by Bill Clerico, Dan Preston, Jason Mueller, and Samuel Shank in 2023; it has now raised a total of $135M in equity and is backed by Eclipse, Equal Ventures, Inspired Capital Partners, Jackson Square Ventures, Lowercarbon Capital, Neotribe Ventures, and Saga Ventures.
Hillsboro-based Mueon raised $65.0M. Mueon manufactures semiconductor-based infrastructure systems for next-generation AI and hyperscale computing workloads, was founded by Wilfred Gomes in 2025, has now raised a total of $80.5M in equity and is backed by Defined, Geodesic Capital, Intel Capital, IQT, Maverick Silicon, M Ventures, Oregon Venture Fund, and Wellington Capital Management.
Oakland-based Albert Invent raised $55.0M. Albert Invent develops an AI platform to support chemistry research and development across scientific and industrial applications; founded by Ken Kisner, Neelesh Vaikhary, Nick Talken, and Zack Kisner in 2022, it has now raised a total of $105M in equity and is backed by Applied Ventures, Coatue, Coral Capital, Delta-v Capital, HighSage Ventures, Index Ventures, JPMorgan Chase & Co., Legion, Socium Ventures, and TCV.
San Francisco-based Harmonic Security raised $50.0M. Harmonic Security develops AI governance and cybersecurity software to monitor and control AI use in business operations; founded by Alastair Paterson and Bryan Woolgar-O’Neil in 2023, it has now raised a total of $74.5M in equity and is backed by Crosspoint Capital Partners, N47, StepStone Group, and Ten Eleven Ventures.
Palo Alto-based Reach Security raised $50.0M. Reach Security builds cybersecurity software to help organizations identify and address weaknesses in existing security systems; founded by Colt Blackmore and Garrett Hamilton in 2021, it has now raised a total of $80M in equity and is backed by Ballistic Ventures, IQT, M12 – Microsoft’s Venture Fund, and Top Tier Capital Partners.
San Francisco-based Sirona Medical raised $40.0M. Sirona Medical, which develops cloud-native radiology workflow technology for medical imaging practices, was founded by Ankit Goyal and Cameron Andrews in 2018; it has now raised a total of $144.5M in equity and is backed by 8VC, Avidity Partners, GreatPoint Ventures, KLT Holdings, and Rose Park Advisors.
New York-based Allara raised $30.0M. Allara is a specialty care platform offering a healthcare program for women’s hormonal health and PCOS through virtual appointments; founded by Rachel Blank in 2020, it has now raised a total of $68.5M in equity and is backed by Camino Partners, Foreground Capital, Google Ventures, Index Ventures, and The Family Fund.
Austin-based RapidCanvas raised $29.0M. RapidCanvas provides an enterprise AI platform combining an agentic AI architecture with business expertise to design and govern AI workflows; founded by Kedar Samant, Rahul Pangam, and Uttam Phalnikar in 2021, it has now raised a total of $52.5M in equity and is backed by Accel, Hitachi Ventures, Peak XV Partners, Titanium Ventures, Valley Capital Partners, and Vertex Ventures Southeast Asia & India.
Washington-based Sunbound raised $24.0M. Sunbound offers an AI-powered financial operations platform for senior living and skilled nursing providers; founded by Manny Cominsky, Nat Miller, and Stuart Mason in 2021, it has now raised a total of $24M in equity and is backed by Bling Capital, Fika Ventures, Live Oak Bank, TTV Capital, and Ziegler Link-Age Funds.
San Jose-based Opsin raised $21.0M. Opsin develops cybersecurity software to manage risks associated with AI tools and autonomous agents; founded by James Pham, Jeremy Mailen, and Oz Wasserman in 2024, it has now raised a total of $28M in equity and is backed by Race Capital and SYN Ventures.
San Francisco-based Causa Prima raised $20.0M. Causa Prima is a FinTech company developing an AI-powered platform to automate financial operations between businesses; founded by Henrik Gebbing, Markus Ament, and Philip Stanislaus in 2026, it has now raised a total of $30M in equity and is backed by Base10 Partners, Borusan Ventures, Creandum, FJ Labs, K Fund, and QED Investors.
Dallas-based Zippy raised $20.0M. Zippy provides digital lending services focused on financing manufactured homes through an online platform; founded by Ben Halliday and Jordan Bucy in 2021, it has now raised a total of $98.4M in equity and is backed by Saluda Grade.
New York-based Confido Health raised $12.5M. Confido Health automates healthcare operations using AI; founded by Chetan Reddy and Vichar Shroff in 2022, it has now raised a total of $25.5M in equity and is backed by Blume Ventures, Justin Saks, Together Fund, and Z47.
Dover-based Clueso raised $10.0M. Clueso develops an AI-powered platform for creating and maintaining product videos and documentation; founded by Akash Anand, Neel Balar, and Prajwal Prakash in 2023, it has now raised a total of $11.9M in equity and is backed by Dharana Capital, f7 Ventures, Founders Future, Neotribe Ventures, and Y Combinator.
San Mateo-based Marklo raised $5.0M. Marklo is an AI-powered marketing platform for direct-to-consumer brands on Shopify; founded by Jessica Herrin in 2025, it has now raised a total of $5M in equity and is backed by Forerunner and Freestyle Capital.
San Francisco-based Loops AI raised $3.5M. Loops AI provides AI-powered search, shopping assistance, and virtual try-on solutions; founded by Ari Nazir and İlker Zorluoğlu in 2025, it has now raised a total of $3.5M in equity and is backed by a16z speedrun, Alumni Ventures, Connecticut Innovations, Monday Capital, and NTT DoCoMo.
