From energy startups to robotics and artificial intelligence companies, the Puget Sound is home to a diverse array of tech businesses, many of which raised capital last month. In fact, the companies that raised April’s five largest funding rounds pulled in a collective $117 million, slightly up from the largest rounds raised by Seattle tech companies in March.
Backed by fresh capital, these local tech businesses have big plans. Read on to see who topped the list this month and what each company has in the works.
Largest Seattle Tech Funding Rounds, April 2023
- Avalanche Energy
- Carbon Robotics
- Lexion
- Fixie
- Groundlight
#5. $10 million, April 19
Having recently emerged from stealth, AI startup Groundlight launched its computer vision platform that allows developers to interpret images. The startup also raised a $10 million seed round led by Madrona Venture Group with participation from big-name VC firms like Greycroft Partners and AscendVC. Groundlight is now hiring for an applied computer vision scientist, a software engineer and a developer engagement lead. All positions are based at the company’s Seattle office.
#4. $17 million, April 3
Backed by a $17 million seed round, Fixie wants to help developers build, host and scale natural language models that can integrate into APIs, data sources and more. The seed round comes from Madrona Venture Group, SignalFire, Bloomberg Beta and angel investors from Amazon, Google and Apple. Fixie is currently hiring for several engineering positions.
#3. $20 million, April 11
Lexion is an operations workflow and contract management software. The company was founded in 2019 to help the legal industry, but it has since expanded into healthcare, manufacturing, consumer goods, gaming and more. Lexion secured a $20 million Series B round led by Point72 Ventures in April, bringing its total capital raised to more than $35 million to date. This includes an $11 million Series A in 2021 and $4.2 million seed round in 2019.
#2. $30 million, April 11
Carbon Robotics creates cost-effective and efficient tools for farmers, including a laser-weeding robot powered by AI. The Seattle-based company will use its latest Series C round to accelerate the development of its laser-weeding robot. Carbon Robotics last raised funds in 2021 when it pulled in a $27 million Series B round.
#1. $40 million, April 24
Developing energy power packs and micro-fusion reactors, Avalanche Energy closed a $40 million Series A round from Toyota Ventures, Founders Fund and others. The energy startup said its reactors can be stacked and offer “unprecedented energy density to provide clean energy and decarbonize the planet.” A portion for this round was announced by Seattle Inno in August, but Avalanche went on to raise an additional $16.7 million as part of its Series A.
