Top Funding Rounds Week of November 7th
Cursor’s $2.3B raise headlines a week of massive investment into AI and defense-tech infrastructure, with significant activity from NVIDIA and Valor Equity.
- 01$2.3BSeries D
Cursor, an AI software development platform, raised a $2.3 billion Series D round led by existing backers Thrive, a16z, Accel, and DST with new participation from Coatue, NVIDIA, and Google.
- 02Information Technology • Professional Services•Seoul-t'ukpyolsi$930MEquity
Douzone Bizon, a South Korean SME ERP software provider, is set to receive a $930 million equity investment from EQT.
- 03$650MEquity
eVTOL air-taxi company Archer Aviation raised a $650 million equity round from undisclosed investors.
- 04Financial Services•England$650MEquity
Global wealth-tech firm FNZ secured a $650 million equity round from La Caisse, Generation Investment Management, CPP Investments, Motive Partners, and several major client investors.
- 05$510MSeries D
Defense-tech startup CHAOS Industries raised $510 million in new funding led by Valor Equity Partners with participation from 8VC and Accel.
- 06$500MSeries G
Legal AI platform Clio raised a $500 M Series G round led by NEA with participation from TCV, Goldman Sachs Asset Management, Sixth Street Growth and JMI Equity, alongside a $350 M debt facility and the completion of a $1 B acquisition of vLex.
- 07Artificial Intelligence (AI) • Data and Analytics•Tasmania$327MEquity
Green AI data-centre developer Firmus Technologies raised a $327 million funding round from returning investors, backed by Nvidia.
- 08$300MEquity
Trillium Technologies, a compute-credit marketplace and cloud infrastructure startup, secured a $300 million fully collateralized private placement debt offering arranged through A Securitization S.A.
- 09$275MSeries C
Generative-AI inference chip maker d-Matrix raised a $275 million Series C round led by BullhoundCapital, Triatomic Capital, and Temasek.
- 10Apps • Commerce and Shopping•Pennsylvania$250MEquity
Instant-commerce startup Gopuff raised a $250 million funding round led by Eldridge Industries and Valor Equity Partners, with participation from Baillie Gifford, Robinhood, Equalis Capital, George Ruan, Yakir Gabay, and the company’s co-founders.
- 11$238MSeries C
Forterra, a defense-autonomy startup, raised a $238M Series C (equity and debt) round led by Moore Strategic Ventures with participation from Salesforce Ventures, Franklin Templeton, Balyasny Asset Management, 645 Ventures, Hanwha Asset Management 9Yards, XYZ Venture Capital, Enlightenment Capital, Hedosophia, and debt financing from Crescent Cove.
- 12Clothing and Apparel • Commerce and Shopping•California$225MEquity
Skims, a fast-growing shapewear and apparel brand, raised a $225 million funding round led by Goldman Sachs Alternatives with participation from BDT and MSD Partners.
- 13Health Care • Real Estate•Auckland$200MEquity
Vital Healthcare announced a NZ$200 million capital raise from undisclosed investors.
- 14$175MEquity
BNPL startup Zilch secured over $175 million in combined equity and debt financing led by KKCG, with participation from BNF Capital and an expanded £100 million credit facility from Deutsche Bank.
- 15$171.2MEquity
Highview Power, a long-duration energy storage startup, secured a £130 million capital raise from Scottish National Investment Bank, Centrica, Goldman Sachs, KIRKBI and Mosaic Capital.
- 16Financial Services•Ohio$160MSeries A
Bitcoin-treasury company Strive, Inc. raised $160 million through an IPO of Series A variable-rate perpetual preferred stock to fund additional bitcoin purchases.
- 17$160MSeries C
Medium-duty EV maker Harbinger raised a $160 million Series C round co-led by FedEx, Capricorn’s Technology Impact Fund, and THOR Industries.
- 18$150MSeries B
Teradar, a terahertz automotive sensor startup, raised a $150 million Series B equity round from Capricorn Investment Group, Lockheed Martin Ventures, IBEX Investors and VXI Capital.
- 19Artificial Intelligence (AI) • Data and Analytics•California$100MEquity
AI-driven drug-discovery startup Iambic Therapeutics raised an oversubscribed financing round of over $100 million from investors including Abingworth, Sequoia, Mubadala, Qatar Investment Authority, Regeneron Ventures, and others.
- 20$100MEquity
Navitas Semiconductor, a GaN and SiC power-device developer, raised a $100 million directed share issue (equity) from undisclosed investors to expand into higher-power applications.
