Top Funding Rounds Week of February 16th
xAI leads a massive week of venture funding with a $3B Series E, joined by $1B rounds for AI Lab and World Labs as investors prioritize AI infrastructure.
- 01Artificial Intelligence (AI) • Data and Analytics•California$3BSeries E
xAI, an advanced-AI startup merging with SpaceX, secured a $3 billion Series E investment from HUMAIN.
- 02Artificial Intelligence (AI) • Data and Analytics•Tokyo$1BSeed
AI lab, a stealth artificial intelligence startup, raised a $1 billion seed round led by Sequoia Capital.
- 03Artificial Intelligence (AI) • Data and Analytics•California$1BEquity
AI world-model startup World Labs secured a $1 billion funding round from Nvidia, AMD and Autodesk.
- 04Artificial Intelligence (AI) • Data and Analytics•Texas$520MSeries A
AI-powered robotics startup Apptronik raised $520 in Series A-X funding from B Capital, Google, Mercedes-Benz, PEAK6, AT&T Ventures, John Deere, and Qatar Investment Authority.
- 05Hardware • Information Technology•Colorado$500MPrivate Equity
Vero Networks, a fiber infrastructure and broadband provider, secured a $500 million non-control growth equity investment led by funds managed by Hamilton Lane, Braemont Capital and Delta-v Capital.
- 06Commerce and Shopping • Financial Services•Texas$450MEquity
Restaurant-commerce platform inKind raised a $450 million mix of equity and debt from investors including Matt Hulsizer, Jenny Just, Sarosh Mistry, and Vasanth Williams.
- 07Energy • Manufacturing•Nevada$425MSeries E
Battery-recycling and energy-storage startup Redwood Materials raised a $425 million Series E round from new investor Google and existing backer Nvidia.
- 08Administrative Services • Community and Lifestyle•New York$385MSeries E
Vestwell, an infrastructure platform for modern savings, raised a $385 million Series E round led by Blue Owl Capital and Sixth Street Growth with participation from Neuberger Berman, SLW, Morgan Stanley, Franklin Templeton, TIAA Ventures and HarbourVest.
- 09Information Technology • Internet Services•Washington$300MSeries D
Temporal Technologies, an open-source durable execution platform for agentic AI applications, raised a $300 M Series D round led by Andreessen Horowitz with participation from Lightspeed, Sapphire, Sequoia, Index, Tiger, GIC, Madrona, and Amplify.
- 10Commerce and Shopping • Internet Services•Distrito Federal$300MSeries F
Kavak, a Latin American used-car marketplace and fintech, raised a $300 million Series F led by Andreessen Horowitz (including $200 million from its a16z Growth fund) with co-lead WCM Investment Management and participation from Lingotto Innovation, Foxhaven, Galdana Ventures, Stelac and Allen & Company.
- 11Artificial Intelligence (AI) • Data and Analytics•Ontario$169MEquity
AI-chip startup Taalas raised a $169m funding round from Quiet Capital, Fidelity, and Pierre Lamond.
- 12Hardware • Sales and Marketing•Schleswig-Holstein$159.8MEquity
GVG Glasfaser secured a €135 million debt financing from Hamburg Commercial Bank, KfW, and Raiffeisenlandesbank Oberösterreich to accelerate its German fiber rollout.
- 13Apps • Artificial Intelligence (AI)•Tel Aviv$152MEquity
XTEND, an autonomous drone platform company, will merge with Nasdaq-listed JFB in an all-stock deal at a $1.5 billion valuation and receive a $152 million strategic investment from Eric Trump, Protego Ventures, Unusual Machines, American Ventures LLC and Aliya Capital.
- 14Biotechnology • Health Care•Massachusetts$150MSeries A
Korsana Biosciences, a neurodegenerative-disease therapeutics startup, raised a $25 M seed round from Fairmount and Venrock Healthcare Capital Partners and a $150 M Series A co-led by Wellington Management and TCGX with participation from J.P. Morgan Life Sciences Private Capital, Janus Henderson Investors, Sanofi Ventures, Foresite Capital and others.
- 15Energy • Manufacturing•California$140MSeries B
Heron Power, a solid-state transformer startup, secured a $140 million Series B led by Andreessen Horowitz’s American Dynamism Fund and Breakthrough Energy Ventures, with participation from Capricorn Investment Group, Energy Impact Partners, Gigascale Capital, and Valor Atreides AI Fund.
- 16Artificial Intelligence (AI) • Data and Analytics•Massachusetts$125MSeries B
Code Metal, a verifiable AI code-translation startup, raised a $125 million Series B led by Salesforce Ventures with participation from Accel, B Capital, Smith Point Capital, J2 Ventures, Shield Capital, Overmatch, RTX, and others.
- 17Artificial Intelligence (AI) • Data and Analytics•Florida$106MSeries D
Intelligent-infrastructure startup Ubicquia raised a $106 million Series D round led by 67 Capital and Marunouchi Innovation Partners, with participation from Hamilton Lane, ClearSky, GMS, and Sercomm.
- 18Hardware • Internet Services•California$100MSeries C Extension
Developer-centric cloud provider Render raised a $100 million Series C extension led by Georgian with participation from Addition, Bessemer Venture Partners, General Catalyst, and 01 Advisors.
- 19Hardware • Information Technology•California$100MSeries B
Space-networking startup Aalyria raised a $100 million Series B led by Battery Ventures and J2 Ventures, with participation from DYNE and others.
- 20Energy • Sustainability•Texas$100MSeries D
Utility Global, an industrial hydrogen and decarbonization platform, secured a $100 million first close of its Series D round led by Ara Partners and APG Asset Management.
