Seattle companies are developing an array of modern software solutions. Last month, the largest tech funding raise on the Puget Sound went to a cloud-native cybersecurity solution. Read on to find out which local innovators are fueling growth with coffers full of fresh capital.
Top Seattle Tech Funding Rounds, January 2024
- ExtraHop
- Oleria
- Porch Group
- Recurrent
- Avante
#5. $10 million, January 12
Enterprise software company Avante secured a $10 million round of seed funding from lead investor FUSE. The company will invest in fueling product development and growing its engineering and data science teams.
#4. $16 million, January 8
Recurrent equips car dealerships and consumers with used EV battery analytics and battery health scores. The company announced a $16 million Series A funding round spearheaded by ArcTern Ventures that brings its total venture funding to $19 million. Recurrent hopes its solution will become a standard metric for scoring used EV batteries.
#3. $25 million, January 25
Offering home services and insurance businesses vertical software solutions, Porch Group works to help homebuyers save time and make better decisions on critical services. Porch Group signed an agreement with Aon in which Aon will provide services to Porch Group companies. Through the deal, Aon will pay Porch approximately $25 million upfront with the potential to pay an additional $5 million over the next four years.
#2. $33 million, January 18
Backed by a round of Series A funding, Bellevue-based Oleria plans to fuel hiring and product development. The cybersecurity company grants companies visibility into their access posture to help them identify and mitigate access risks using Olera’s automated software. Evolution Equity Partners led the company’s latest round of funding.
#1. $100 million, January 9
ExtraHop, a company offering cloud-native network detection and response solutions, pulled in $100 million in growth capital. Its platform helps companies detect cyber risk and build business resilience. The company plans to build on its 2023 growth, having rounded out the year with $200 million in annual recurring revenue. ExtraHop will put its new funding toward accelerating its product roadmap.
