Seattle-based tech companies are furthering a wide range of solutions with new venture capital rounds. Investors are backing solutions ranging from autonomous airplanes to digital rock-mapping technology. Read on to find out how these local tech innovators are fueling growth.
Top Seattle Tech Funding Rounds, April 2024
- Read AI
- Praia Health
- TerraClear
- DropZone AI
- Radical
#5. $4.5 million, April 24
Scout Ventures led a round of funding for Radical, a company working to develop solar-powered autonomous airplanes. Its solution would be able to beam down connectivity and imagery during long flights. The company plans to invest its capital in expanding its four-person team.
#4. $16.85 million, April 25
DropZone AI wants to modernize security operations centers with generative AI technology. Theory Ventures led DropZone’s Series A funding round that will help it enhance its tech solutions and help security teams respond faster to cybersecurity threats. The company plans to scale its go-to-market and engineering teams with the capital.
#3. $15 million, April 1
TerraClear develops rock-mapping and picking technology for the agriculture industry. Its solution can attach to various machines and pick up hundreds of rocks per hour, according to the company. The Issaquah-based company recently secured a $15 million round of funding and plans to build out a full suite of rock-centered services for farmers.
#2. $20 million, April 2
Frist Cressey Ventures led a round of Series A funding for Praia Health, a digital health company offering identity-driven personalization technology. Serving 17 health organizations to date, Praia Health plans to invest its new capital in expanding the reach of its consumer platform.
#1. $21 million, April 2
Read AI, a company offering AI-generated meeting summarization technology, announced a round of Series A funding led by Goodwater Capital. The company recently introduced an AI summary tool for email and messaging on Gmail, Outlook, Teams and Slack. Its new funding will help Read AI accelerate its mission of improving the future of work with AI.
