Rivet health crunchbase9/2/2023 ![]() ![]() “There is a renewal of interest in community health and an appreciation for vaccines,” DeWitt said. Last year’s global pandemic increased the public’s awareness and understanding of how interconnected the world is, a view that will mature in 2021, Ann DeWitt, a general partner at The Engine, which invests in health care companies, said in an interview. Investments in 2021 could rival 2020 as investors expect innovation to come from areas such as data interoperability, mental health and personalized care. Investors in the space poured record investment dollars into digital health startups in 2020: $14.2 billion globally and $9.2 billion domestically, according to Crunchbase data. *Survey was limited to companies founded no earlier than 2019 that raised $100,000 or more in seed or pre-seed funding.Digital health startups are likely to see continued opportunity, investment and initial public offerings in the new year as people rethink the way health care is delivered. Those who get funded know how to craft a pitch that resonates with the times. Luckily, seed-stage founders are a resilient group. This includes alternative proteins, consumer products, fast delivery, e-commerce aggregators, and cannabis companies. ![]() While it’s rare to see a broad sector that’s completely fallen out of favor, certainly some of the hotter areas in 2020-22 no longer seem so appealing. What’s not hotĪs we look at hot seed funding sectors for 2023, it’s hard not to also observe the opposite: What’s not getting funded. With the industry hit hard by layoffs and falling valuations, it appears this isn’t a favored theme currently for first-time funding. Notably, one area that did not look popular for seed funding was tech industry recruiting. And Engin Sciences, prominent in cannabis industry hiring, calls itself an “AI-powered recruitment software startup.” Moonhub boasts of the “cutting-edge AI and automation solutions” it pairs with recruiting expertise to help you help companies with hiring. Sinecure.ai describes itself as an AI-powered industry specific talent acquisition tool. Not surprisingly, several startups also touted their artificial intelligence focus. Most recently, it pulled in a $5.3 million February financing led by Defy.vc. The most heavily funded of the bunch is Rivet, a Detroit-based startup developing software for construction contractors to manage and schedule crews. We identified a list of several companies that have raised some of the year’s larger seed rounds: To wit, considerable sums of venture capital have gone over the years toward developing energy sources that are greener, cheaper, and more easily deployable.Īt the seed stage, it’s clear appetites for next-gen energy technology remain robust. Modern life consumes copious amounts of power. A few months later, after amassing 1.2 million users, GPTZero also picked up $3.5 million in seed funding. And Altius is working on AI tech support.Īnother interesting startup that made the list is GPTZero, a ChatGPT detection tool that a Princeton University student built out of his dorm room. Portrait Analytics is targeting investment research. NinjaTech AI is working on a “personal assistant” focused on automating admin tasks like meeting scheduling and inbox management. Several other list members, meanwhile, are developing AI assistants. The biggest funding recipient, Seattle-based XetHub, pitches itself as a platform for developing Generative AI apps and pulled in $7.5 million from VC firm Madrona in January. ![]()
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