# Deduce funding: rounds and investors > Deduce has raised $9.0M across 2 rounds since 2021. Investors include Foundry Group, True Ventures and Bossa Invest. Every round with its source. Source: https://millionrounds.com/company/deduce (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Deduce* 2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Big Data & Analytics Cybersecurity Funding summary Updated 26 Oct 2026 **$9.0M** raised across 2 rounds since 2021, from 2 sources - **Latest round:** Series B, $9.0M Sept 2023 - **Investors:** 5 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2022 2023 **?** Series A **$9.0M** Series B - **First round:** Series A - **Biggest round:** $9.0M - **Between rounds:** 2.2 years ## The rounds - **Sept 2023** Series B **$9.0M** *3 new* *2 returning* [Bossa Invest](https://millionrounds.com/fund/bossa-invest) [True Ventures](https://millionrounds.com/fund/true-ventures-2) [Foundry Group](https://millionrounds.com/fund/foundry) [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) [Flex Capital](https://millionrounds.com/fund/flex-capital) Source recorded - **Jun 2021** Series A **Amount undisclosed** *2 new* [Foundry Group](https://millionrounds.com/fund/foundry) Lead [True Ventures](https://millionrounds.com/fund/true-ventures-2) Reported by Foundry Group ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Series A** 2021 **Series B** 2023 [Foundry Group](https://millionrounds.com/fund/foundry) L [True Ventures](https://millionrounds.com/fund/true-ventures-2) [Bossa Invest](https://millionrounds.com/fund/bossa-invest) [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) [Flex Capital](https://millionrounds.com/fund/flex-capital) ## Everyone who backed them [Foundry Group](https://millionrounds.com/fund/foundry) VC firm **2** rounds, led 1 [True Ventures](https://millionrounds.com/fund/true-ventures-2) VC firm **2** rounds [Bossa Invest](https://millionrounds.com/fund/bossa-invest) VC firm **1** round [Ridge Ventures](https://millionrounds.com/fund/ridge-ventures) VC firm **1** round [Flex Capital](https://millionrounds.com/fund/flex-capital) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=deduce). ## Also claim to have backed them These 3 firms list Deduce as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Cyber Mentor Fund](https://millionrounds.com/fund/cyber-mentor-fund) VC firm Per its own site [Innovating Capital](https://millionrounds.com/fund/innovating-capital) VC firm Per its own site [Seed Smart](https://millionrounds.com/fund/seed-smart) Angel network Per its own site ## Quick answers about Deduce ### Who invested in Deduce? Deduce's investors include Foundry Group, True Ventures, Bossa Invest, Ridge Ventures and Flex Capital. ### How much has Deduce raised? Deduce has raised $9.0M across 2 rounds since 2021. One round did not disclose an amount, so the total is a floor. ### When did Deduce last raise? Deduce's most recent round was a Series B of $9.0M in Sept 2023. ### What was Deduce's biggest round? Its most recent round, $9.0M in Sept 2023, is also its largest on record. ### Who backed Deduce first? Deduce's first round on record, in Jun 2021, was backed by Foundry Group and True Ventures. ### What stage is Deduce at? Deduce's latest named round is a Series B, in Sept 2023. ### Where is Deduce based? Deduce is based in the United States. ### Who led Deduce's rounds? Foundry Group led the Series A in 2021. ## Companies like Deduce In the same sector, and raised in the last eighteen months. [**SpaceX** $42B · Oct 2026](https://millionrounds.com/company/spacex)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**FORT Robotics** $39M · Oct 2026](https://millionrounds.com/company/fort-robotics)[**Xona** $512M · Oct 2026](https://millionrounds.com/company/xona)[**DrizzleX** $9.1M · Oct 2026](https://millionrounds.com/company/drizzlex)[**Prism Data** $25M · Oct 2026](https://millionrounds.com/company/prism-data) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app