12 startups that failed this year and took $1.4 billion in VC funding with them

pitchbook startup graveyardPitchbook

Just because everyone from Ashton Kutcher to Kevin Durant are getting into startups doesn't mean they're all success stories.

After all, nine out of 10 startups will end up failing, and that means the money that venture capitalists put into funding these ideas can disappear too. From analyzing just 12 startups that failed this year, PitchBook found that around $1.4 billion in VC funding wasn't enough to save these businesses.

Theranos, a blood-testing startup, is one of 2018's most notable failures. The company racked up close to $1 billion in funding before questions about the technology and fraud charges against the CEO caused the Theranos to dissolve.

Here are 12 startups that failed in 2018:

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Theranos — blood-testing technology

Theranos — blood-testing technology

Year founded: 2003

Valuation: $9 billion

Amount raised: $910 million

Read more about Theranos on PitchBook.

Rethink Robotics — robots for manufacturing industry

Rethink Robotics — robots for manufacturing industry

Year founded: 2008

Valuation: $291 million

Amount VC raised: $150 million

Read more about Rethink Robotics on PitchBook.

Shyp — on-demand delivery platform

Shyp — on-demand delivery platform

Year founded: 2013

Valuation: $275 million

Amount raised: $62 million

Read more about Shyp on PitchBook.

Apprenda — cloud-based software for developers

Apprenda — cloud-based software for developers

Year founded: 2007

Valuation: $90 million

Amount raised: $56 million

Read more about Apprenda on PitchBook.

Airware — drone analytics provider

Airware — drone analytics provider

Year founded: 2011

Valuation: $59 million

Amount raised: $104 million

Read more about Airware on PitchBook.

Alta Motors — electric motorcycles

Alta Motors — electric motorcycles

Year founded: 2010

Valuation: Unknown ($55 million in November 2016)

Amount raised: $44 million

Read more about Alta Motors on PitchBook.

Primary Data — automation software platform

Primary Data — automation software platform

Year founded: 2013

Valuation: $52 million

Amount raised: $89 million

Read more about Primary Data on PitchBook.

CareSync — one-stop software for personal health information

CareSync — one-stop software for personal health information

Year founded: 2011

Valuation: $46 million

Amount raised: $26 million

Read more about CareSync on PitchBook.

Bluesmart — smart suitcases

Bluesmart — smart suitcases

Year founded: 2013

Valuation: $41 million

Amount raised: $30 million

Read more about Bluesmart on PitchBook.

Lantern — smartphone app for therapy

Lantern — smartphone app for therapy

Year founded: 2012

Valuation: $37 million

Amount raised: $22 million

Read more about Lantern on PitchBook.

Raden — smart suitcases

Raden — smart suitcases

Year founded: 2015

Valuation: $12 million

Amount raised: $3.5 million

Read more about Raden on PitchBook.

Fieldbook — spreadsheet-to-database software

Fieldbook — spreadsheet-to-database software

Year founded: 2013

Valuation: $11 million

Amount raised: $3 million

Read more about Fieldbook on PitchBook.

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