Funded Startups in Millbrae
Recent rounds in Millbrae cluster in a 16-month window: 2021-11-01 (Cargo Chief, Seed, $2M) through 2023-03-23 (Pragma Bio, Series A, $10M).
Recent rounds in Millbrae cluster in a 16-month window: 2021-11-01 (Cargo Chief, Seed, $2M) through 2023-03-23 (Pragma Bio, Series A, $10M). The amount scale is uneven, with Merit’s $50M Series B on 2022-01-12 acting as a clear outlier; every other disclosed round is $15M or less (VastBiome $15M on 2022-09-07, Pragma Bio $10M on 2023-03-23, Streamline AI $3M on 2022-11-02, Cargo Chief $2M on 2021-11-01). Sector-wise, AI appears in 2 of the 5 entries (Pragma Bio and VastBiome), while Government and Military (Merit) and Professional Services/Information Technology (Streamline AI, Cargo Chief) each appear once.
Stage mix is skewed toward early rounds plus one large later round: Seed appears 2 of 5 times (Streamline AI 2022-11-02 for $3M; Cargo Chief 2021-11-01 for $2M), Series A appears 2 of 5 (Pragma Bio $10M on 2023-03-23; VastBiome $15M on 2022-09-07), and Series B appears once (Merit $50M on 2022-01-12). Overall, the list is entirely Millbrae, California and contains no “Series Unknown” or “undisclosed” amounts in the displayed rows.
Most recent rounds
5 shownRelated listings
Frequently asked
What stands out in Millbrae’s disclosed round sizes, and how does the largest round compare to the rest?
Merit’s $50M Series B (2022-01-12) is the only disclosed round above $50M and dwarfs the next-largest disclosed amount, VastBiome’s $15M Series A (2022-09-07). The remaining disclosed rounds are lower than $10M: Pragma Bio $10M (2023-03-23), Streamline AI $3M (2022-11-02), and Cargo Chief $2M (2021-11-01).
Do these Millbrae rounds cluster tightly by date in the 5-row snapshot?
Yes. Four of the five disclosed rounds land between 2022-01-12 (Merit) and 2022-11-02 (Streamline AI). Cargo Chief is the older edge at 2021-11-01 ($2M), and Pragma Bio is the most recent edge at 2023-03-23 ($10M).
Are any sectors over-represented in this Millbrae set?
AI is the only repeated sector, appearing twice: Pragma Bio (Artificial Intelligence, Series A, $10M on 2023-03-23) and VastBiome (Artificial Intelligence, Series A, $15M on 2022-09-07). The other sectors are singletons in this snapshot: Government and Military (Merit, $50M on 2022-01-12), Professional Services (Streamline AI, $3M on 2022-11-02), and Information Technology (Cargo Chief, $2M on 2021-11-01).
How does the stage mix look across these rounds, and which stage includes the outlier?
Seed and Series A each account for 2 of the 5 entries (Seed: Cargo Chief $2M on 2021-11-01; Streamline AI $3M on 2022-11-02. Series A: VastBiome $15M on 2022-09-07; Pragma Bio $10M on 2023-03-23). Series B appears once (Merit, $50M on 2022-01-12) and is also the outlier in disclosed amount size.
Which entries in this snapshot are closest to the most recent round date by amount and recency?
The latest dated round is Pragma Bio on 2023-03-23 for $10M. The other most recent amounts in the table are Streamline AI on 2022-11-02 for $3M and VastBiome on 2022-09-07 for $15M, with earlier entries Merit ($50M on 2022-01-12) and Cargo Chief ($2M on 2021-11-01).
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