Top Funding Rounds Week of February 23rd
OpenAI’s $110B round and Wayve’s $1.2B raise lead a record week for AI hardware and robotics investment. See the top deals driving the latest market shift.
- 01Artificial Intelligence (AI) • Data and Analytics•California$110BEquity
OpenAI raised a $110 billion private funding round at a $730 billion pre-money valuation, backed by Amazon ($50 billion), Nvidia ($30 billion), and SoftBank ($30 billion).
- 02Consumer Electronics • Data and Analytics•Tokyo$1.7BEquity
2nm chipmaker Rapidus raised a ¥267.6 billion (~$1.7 billion) funding round from Japan’s METI/IPA and 32 corporates including Toyota, SoftBank, Canon, Fujitsu, Sony and NTT.
- 03Artificial Intelligence (AI) • Data and Analytics•England$1.2BSeries D
Wayve, an embodied-AI autonomous driving startup, raised a $1.2 billion Series D led by Eclipse, Balderton and SoftBank Vision Fund 2 with participation from Microsoft, NVIDIA, Uber and several global automakers.
- 04Commerce and Shopping • Consumer Goods•Minas Gerais$1BPrivate Equity
Global Eggs, a multinational egg producer, secured up to $1 billion in equity funding from Warburg Pincus Capital Solutions Founders Fund.
- 05Artificial Intelligence (AI) • Data and Analytics•California$500MSeries B
AI-chip startup MatX raised a $500 million Series B round led by Jane Street and Situational Awareness, with participation from Marvell Technology, NFDG, Spark Capital, and Stripe co-founders Patrick and John Collison.
- 06Hardware • 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.
- 07Energy • Sustainability•Bayern$472MGrant
Proxima Fusion obtained a €400 million public funding commitment from the State of Bavaria as part of a €2 billion mixed-funding package to build a stellarator fusion test facility.
- 08Artificial Intelligence (AI) • Data and Analytics•California$350MSeries E
AI infrastructure startup SambaNova Systems raised an over $350 million Series E round led by Vista Equity Partners and Cambium Capital, with participation from Intel Capital, Assam Ventures, Battery Ventures, Gulf Energy, Mayfield Capital, Saudi First Data, Seligman Ventures, T. Rowe Price–advised accounts, and several existing investors.
- 09Artificial Intelligence (AI) • Data and Analytics•England$289.2MEquity
Embodied-robotics startup Spirit AI raised nearly ¥2 billion ($290 million) across two back-to-back funding rounds from Yunfeng Capital, Chaos Investment, HongShan, Synstellation Capital, TCL Capital and other financial, strategic and state-linked investors.
- 10Artificial Intelligence (AI) • Data and Analytics•Noord-Brabant$250MEquity
Edge-AI chipmaker Axelera AI raised a >$250 million funding round led by Innovation Industries with participation from BlackRock, SiteGround Capital, Bitfury, CDP Venture Capital, European Innovation Council Fund, SFPIM, Invest-NL, Samsung Catalyst Fund and Verve Investments.
- 11Biotechnology • Energy•Wisconsin$240MSeries D
SHINE Technologies, a nuclear fusion and medical isotope startup, raised a $240 million equity round led by NantWorks with participation from Fidelity Management & Research Company, Sumitomo Corporation of Americas, Pelican Energy Partners, Deerfield Management, Oaktree Capital Management and others.
- 12Commerce and Shopping • Internet Services•New York$200MSeries C
Whop, a marketplace for digital creator services, secured a $200 million funding round from Tether to integrate stablecoin payments and support global expansion.
- 13Financial Services • Lending and Investments•England$155MSeries D
Allica Bank, a digital SME bank, raised a $155 million Series D round from Ventura Capital, GLG, Sona AM, TCV, and Blue Owl.
- 14Hardware • Software•California$150MSeries B
Unified hardware-test software startup Revel raised a $150M Series B led by Index Ventures with participation from Redpoint Ventures, Thrive Capital, Felicis, Abstract Ventures, and angel Dylan Field.
- 15Advertising • Information Technology•Tokyo$145.6MSeries B
Embodied-AI robot startup 星海図 (Galaxea AI) raised a 10 億元 (≈¥220 億円) Series B round led by Jingding Capital with participation from BAIC Capital, Loyal Valley Capital, Cathay Capital, Capital Today and GL Ventures.
- 16Health Care•Tennessee$140MEquity
Value-based care enabler Honest Health raised a $140 million equity round led by NewSpring Healthcare with participation from K2 HealthVentures, Rubicon Founders, Oak HC/FT, Welsh Carson Anderson & Stowe, and Durable Capital Partners.
- 17Manufacturing • Science and Engineering•Dublin$139.8MEquity
ETFuels secured €118.6 million in funding for its Finnish e-methanol project.
- 18Biotechnology • Health Care•North Carolina$130MSeries A
Migraine-focused biotech Slate Medicines raised a $130 million Series A equity round led by RA Capital Management, Forbion, and Foresite Capital.
- 19Financial Services•Illinois$125MEquity
Bishop Street Underwriters, an MGA platform, secured a $125 million structured capital investment from White Mountains Capital Insurance Group.
