General Catalyst Participates in EthonAI's $16.5M Series A Funding

AI manufacturing startup funding is on a tear as Switzerland's EthonAI raises $16.5M

General Catalyst participated in EthonAI's Series A funding round, which raised $16.5 million, led by Index Ventures and also participated by Earlybird and Founderful. EthonAI's AI-powered platform helps manufacturing facilities analyze unstructured data and identify bottlenecks and areas for improvement.

General Catalyst

General Catalyst is a U.S.-based venture capital (VC) firm that makes early stage and growth investments. It was founded in 2000 in Massachusetts by Joel Cutler and David Fialkow. The firm has invested in global companies, including Airbnb, Kayak, Datalogix, Datto, Livongo, Gusto, Buildkite, Warby Parker, Oscar, Deliveroo, Lemonade, Stripe, and Snap.

General Catalyst is a venture capital firm that makes early-stage and transformational investments. General Catalyst backs exceptional entrepreneurs who are building innovative technology companies and market leading businesses, including Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto (fka ZenPayroll), The Honest Company, HubSpot, KAYAK, Oscar, Snap, Stripe, and Warby Parker. The General Catalyst team leverages its broad experience to help founders build extraordinary companies. General Catalyst has offices in San Francisco, Palo Alto, NYC, London, Berlin, and Cambridge.
 
For more information, visit: www.generalcatalyst.com.

Snap

The Honest Company

Segment

Airbnb

Vroom

Warby Parker

BigCommerce

Brightcove

TrueMotion

ClassPass

CoinTracker

Oscar Health

Livongo

Getaround

Giphy

HubSpot

Datto

Deliveroo

Digit

Drift

Alter

Ionic

The consumer experience in healthcare is often disjointed - long wait times, lack of pricing and treatment transparency, and inconvenient scheduling processes are rife.

Aniq Rahman's vision for Fabric is to create a seamless patient engagement experience and increase the healthcare workforce's "capacity to care" with intelligent intake, triage, treatment, and workflow automation. The cohesive environment for patients and providers that Fabric enables is core to Health Assurance.

We're thrilled to lead Fabric's $60M Series A and welcome Aniq and the entire team to the GC family!

Why we invested by Holly, Lydia, & Mo ↓

What does the next generation of compression techniques and on-device inference software look like?

Enter Argmax.

"Few engineers are brave enough to delve into the intricacies of low-level hardware primitives. Even fewer perform the optimizations that enable a seamless experience on our everyday devices. And only a rare breed can innovate to push the boundaries tenfold. We are thrilled to partner with a remarkable trio of individuals that embody just that. Atila Orhon and his founding team members Brian Keene and Zach Nagengast not only have the talent, expertise and mindset that set them apart to take on this challenge, they are also fiercely ambitious, curious and authentic – the type of people we dream of partnering with." -GC's Quentin Clark & Alexandre Momeni

We're thrilled to lead its $2.6M seed round and welcome Atila, Brian, Zach, and the entire team to the GC family!

Why we invested by Quentin & Alexandre ↓

Today’s wave of AI technology is exposing the depths of enterprise data quality issues—but it could also be part of the solution.

More from Juliet Bailin & Quentin Clark in their latest piece → https://lnkd.in/eyqAH7eE

Can you feel the heat? 🔥

It's Fever - an API-centric software platform for virtual power plants that is supercharging the transition to renewables. Fever aggregates, orchestrates, and optimizes distributed energy resources using advanced software and machine learning for a more resilient grid. We believe this radical collaboration between traditional energy and visionary technology will drive success for Fever and the broader European energy market.

We're thrilled to lead Fever's €10M seed round and welcome Klas Johansson, Ruben Flam, Ron Stolero, Jonatan Raber, and the entire team to the GC family!

Why we invested by Genevieve, Jeannette, & Philipp ↓

How is Gen Z revamping romance to find love in the digital age? 💟

GC's Niko & Vincent explore this playbook → https://bit.ly/gc-romance

The US government is the largest employer in the country with approximately 22 million employees across thousands of agencies. Yet, its employees are often working in silos and relying on outdated systems, which ultimately stifles efficiency and communication.

This led Madeleine Smith, Austin B., and Joshua Seiden to build Civic Roundtable - a secure collaboration platform for efficient communication and coordination across various levels and functions of government. We believe this modernization is long-overdue in the public sector and will lead to a more effective and collaborative government.

We’re excited to lead its $5M seed round and welcome Madeleine, Austin, Josh, and the entire team to the GC family!

More from Government Technology on the raise led by Marc & Will ↓

How does GC’s Andrea Wang sift through data to find new founders as early as possible?

She reveals her data-driven approach to Weekend Fund's Ryan Hoover and Vedika Jain.

Dive in ↓

What does a proactive and crowdsourced cybersecurity future look like?

Bugcrowd is at the forefront of that future with a reimagined, AI-powered security platform that leverages the ethical hacker community to report bugs and safeguard organizations from bad actors. Excitingly, GC Catalyst Advisor Paul Sagan will be joining as Board Chair and GC’s Mark Crane will be on the Board of Directors.

We’re thrilled to lead its $102M strategic growth round and welcome Dave Gerry, Casey Ellis, and the entire team to the GC family!

More from Reuters ↓

Adept's David Luan wants to build an AI teammate for everyone.

When he was only 8 years old, he enrolled in computer science college courses. The time spent in those lecture halls set him on a path directly into the world of AI.

Now, 20+ years later, he's stayed true to his course. Today, as co-founder and CEO of Adept, he and his team are building useful intelligence systems to "enable humans and computers to work together creatively."

Last year, on the heels of leading their $350M Series B, GC's Deep Nishar had the chance to sit down with David to discuss his founder journey, where he believes value will accrue in AI, the most interesting opportunities in the space, salient advice for founders, and much more.

Watch the full conversation here ↓

What factors are driving M&A in digital health?

GC's Alexandre Momeni examines the landscape, sheds light on IPO considerations, and more.

Learn more in Healthcare Dive ↓

COM:GENERALCATALYST

General Catalyst

Analysis Not Available