Top Funding Rounds Week of December 5th

OpenAI

Artificial Intelligence (AI) • Data and Analytics

•California

$1BEquity

Entertainment giant Disney made a $1 billion equity investment, with additional warrants, in OpenAI as part of a three-year licensing and commercial agreement centered on the Sora generative-video platform.

Saviynt

Artificial Intelligence (AI) • Data and Analytics

•California

$700MSeries B

Identity-security startup Saviynt raised a $700 million Series B growth-equity round led by KKR with Sixth Street Growth, TenEleven, and Carrick Capital Partners participating.

Inox Clean Energy

Energy • Manufacturing

•Uttar Pradesh

$555.2MEquity

Inox Clean Energy, a solar-cell and hybrid power player, raised a ₹5,000 crore pre-IPO round from private-equity investors including a major global investor.

ICICI Prudential AMC

Financial Services • Media and Entertainment

•Maharashtra

$534MEquity

ICICI Prudential AMC, an asset-management firm, raised a ₹4,815 crore pre-IPO equity round via private placement from 26 investors including Lunate Capital, SBI Life, HDFC Life, Kedaara Capital Public Markets Fund, and ICICI Bank.

Fervo Energy

Energy • Science and Engineering

•Texas

$462MSeries E

Geothermal developer Fervo Energy raised a $462 million Series E round led by B Capital with participation from AllianceBernstein, Google, Breakthrough Energy Ventures and other new and returning investors.

Castelion

Government and Military • Information Technology

•California

$350MSeries B

Castelion, a hypersonic weapons manufacturer, raised a $350 million Series B led by Altimeter Capital and Lightspeed Venture Partners with participation from Lavrock Ventures, Andreessen Horowitz, General Catalyst, First In, Space VC, Cantos, BlueYard, Avenir, Champion Hill, and Interlagos.

Aditya Birla Renewables

Energy • Natural Resources

•Maharashtra

$332.6MPrivate Equity

Renewable energy developer Aditya Birla Renewables secured an equity investment of up to ₹3,000 crore from Global Infrastructure Partners (now part of BlackRock).

Airwallex

Financial Services • Payments

•Central Region

$330MSeries G

Airwallex, an AI-driven global financial platform, raised a $330 million Series G round led by Addition with participation from T. Rowe Price, Activant, Lingotto, Robinhood Ventures, and TIAA Ventures.

Boom Supersonic

Manufacturing • Science and Engineering

•Colorado

$300MEquity

Boom Supersonic, a supersonic aircraft and natural-gas turbine company, raised a $300 million round led by Darsana Capital Partners with Altimeter Capital, Ark Invest, Bessemer Venture Partners, Robinhood Ventures, and Y Combinator participating.

K2 Space

Manufacturing • Science and Engineering

•California

$250MSeries C

Large-satellite startup K2 Space raised a $250 million Series C led by Redpoint with T. Rowe Price–advised accounts, Hedosophia, Altimeter, Lightspeed and Alpine Space Ventures.

Harness

Artificial Intelligence (AI) • Data and Analytics

•California

$240MSeries E

Harness, an AI DevOps platform, secured a $240 M Series E round—$200 M led by Goldman Sachs Alternatives plus a planned $40 M tender offer—with participation from IVP, Menlo Ventures, and Unusual Ventures.

QuEra Computing

Consumer Electronics • Data and Analytics

•Massachusetts

$230MEquity

Neutral-atom quantum computing startup QuEra Computing raised over $230 million in a new financing round led by Google Quantum AI and SoftBank Vision Fund 2 with participation from NVentures (NVIDIA) and other global investors.

ICEYE

Hardware • Information Technology

•Southern Finland

$174.8MSeries E

ICEYE, a defence-focused SAR microsatellite operator, raised a €200 m Series E round (including €50 m secondary) led by General Catalyst with participation from A.P. Moller Holding, Bpifrance, Solidium, Ilmarinen, European Tech Collective, Keva, Lifeline Ventures and Tesi.

Harvey

Artificial Intelligence (AI) • Data and Analytics

•California

$160MSeries F

Legal AI startup Harvey raised a $160 million Series F round led by Andreessen Horowitz with participation from WndrCo, accounts advised by T. Rowe Price, EQT, Sequoia, Kleiner Perkins, Conviction, and Elad Gil.

Impulse Dynamics

Biotechnology • Health Care

•New Jersey

$158MEquity

Heart-failure device maker Impulse Dynamics raised a $158M financing round from Sands Capital, Braidwell, Redmile, Perceptive, Alger, and industry executives.

xLight

Consumer Electronics • Hardware

•California

$150MEquity

xLight, a semiconductor lithography startup, secured a preliminary equity commitment of up to $150 million from the U.S. Commerce Department and previously raised $40 million from Playground Global.

Zipline

Consumer Electronics • Consumer Goods

•California

$150MEquity

Medical-drone operator Zipline secured a $150 million performance-based funding commitment from the U.S. Department of State.

Highland Electric Fleets

Transportation

•Massachusetts

$150MEquity

Highland Electric Fleets, an EaaS provider for electric school buses, secured up to $150 million in equity financing from Aiga Capital Partners.

fal

Artificial Intelligence (AI) • Data and Analytics

•California

$140MSeries D

Real-time generative-media infrastructure startup fal raised a $140 million Series D led by Sequoia with participation from Kleiner Perkins, NVentures, Alkeon Capital and existing backers including a16z, Kindred Ventures, Meritech, Bessemer, Notable Capital, Shopify Ventures and Salesforce Ventures.

Horizon Quantum Computing

Consumer Electronics • Hardware

•Central Region

$110MFunding Round

Horizon Quantum Computing raised a $110 million PIPE financing, led by IonQ and a Fortune 50 tech company, to support its SPAC merger with dMY Squared Technology Group.