Funded Startups in Rhode Island
Among the 50 Rhode Island entries shown, the largest disclosed round is Lilac Solutions’ $145M (Series C) on 2024-02-12.
Among the 50 Rhode Island entries shown, the largest disclosed round is Lilac Solutions’ $145M (Series C) on 2024-02-12. That single disclosed amount dwarfs the next-largest visible disclosure: Utilidata at $40M (2026-05-28) and HavocAI at $100M (2026-05-12) are far below $145M, while most other disclosed rounds sit under the $10M–$20M range (for example, Intus Care at $11M on 2024-11-14 and Ocean Biomedical at $10M on 2023-10-04).
The list is also clustered temporally and by geography. Ten entries fall in 2026, with multiple Providence-based companies (e.g., Utilidata on 2026-05-28; HavocAI on 2026-05-12; Flux Marine on 2025-11-19) and repeated Newport addresses (e.g., Dockwa on 2026-06-03 and TYTL on 2026-03-11). Stage labeling is fragmented: 29 of 50 rows are “Series Unknown,” and an additional 4 are explicitly “undisclosed.” The disclosed amounts span from a small $0K for Ri Bio (2024-08-08) up through $145M, with the most recent row dated 2026-06-25 for Reed Semiconductor.
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Frequently asked
What’s the largest disclosed round in Rhode Island on this page, and how separated is it from the rest of disclosed amounts?
Lilac Solutions leads with $145M (Series C) on 2024-02-12. Even the next tier of large disclosed rounds—HavocAI’s $100M on 2026-05-12 and Utilidata’s $40M on 2026-05-28—sits well below $145M, while many other disclosed entries are at or under the $10M–$20M level (e.g., Ocean Biomedical at $10M on 2023-10-04).
Do the most recent investments cluster into a specific date window?
Yes. The 2026 entries cluster near the top of the sort, with multiple rounds in June 2026 (e.g., Reed Semiconductor on 2026-06-25 and Dockwa on 2026-06-03) and additional concentration from mid-May to March 2026 (e.g., Utilidata 2026-05-28; HavocAI 2026-05-12; TYTL 2026-03-11). Earlier years also show pockets (for instance, several entries in 2024), but the densest recent activity appears around late May through late June 2026.
Which cities show up repeatedly, suggesting localized concentration?
Providence is the most recurring location across different sectors and rounds (e.g., Utilidata in Providence on 2026-05-28; Intus Care in Providence on 2024-11-14; Crossroads Rhode Island in Providence on 2023-02-21). Newport also repeats across multiple rounds, including Dockwa on 2026-06-03 and TYTL on 2026-03-11, indicating an address-level clustering rather than a single one-off.
How does stage disclosure work on this page—does one label dominate?
“Series Unknown” dominates: 29 of 50 rows are labeled Series Unknown. Additionally, 4 rows show “undisclosed” amounts (e.g., Dockwa on 2026-06-03 and Encore Food Solutions on 2026-04-22), so a large share of entries limits comparability by stage and disclosed size.
Are there sector clusters, or are sectors broadly distributed across single entries?
Artificial Intelligence (AI) forms a clear cluster with at least four entries: Utilidata ($40M, 2026-05-28), HavocAI ($100M, 2026-05-12), MagicBlocks ($230K, 2025-08-21), and InSyBio ($100K, 2023-07-01). Biotechnology is also present multiple times (e.g., Ri Bio at $0K on 2024-08-08; Nabsys at $13M on 2022-11-09; Ocean Biomedical at $10M on 2023-10-04), but most other sectors appear only once in the shown rows.
Are there outlier disclosures worth attention, beyond the largest round?
Yes. In the disclosed-amount spectrum, Ri Bio is the most extreme small disclosed value at $0K (2024-08-08), contrasting with nearby biotech disclosures like Nabsys at $13M (2022-11-09) and Ocean Biomedical at $10M (2023-10-04). On the high end, Lilac Solutions’ $145M (2024-02-12) stands out as the ceiling of disclosed amounts in this slice.
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