During May, the top five Seattle funding rounds made a combined total of $124 million. DefinedCrowd topped the list with its $50.5 million round. Read below for more details on each of this month’s top fundings.
#5. $7.5 million, May 15
Its platform helps HR teams analyze employee salaries alongside demographic information like gender and race to help correct disparities. Emerson Collective and Voyager Capital led the Series A round. The infusion of funds will help the startup accelerate its growth.
#4. $10 million, May 27
The smart home company first gained popularity with its low-cost smart home security camera. Norwest, a previous investor, led the Series A-1 round. It’s raised over $30 million total.
#3. $12 million, May 6
Knock helps property management companies operate with more efficiency. This Series B brought the company’s total raised to $27.5 million. It’ll use the cash to develop new tools and further innovate its platform, as well as to hire.
#2. $44 million, May 13
The company uses AI and NLP to translate contractual legalese. The Series C will help it meet a rise in demand. It also plans to establish an AI laboratory in Seattle and grow its team.
#1. $50.5 million, May 26
It gathers crowdsourced and contributed data to train AI voice assistants and chatbots. Semapa Next, Hermes GPE and other existing investors participated in the Series B. With the funds, it’ll expand existing products and launch new subscription-based offerings.
