Top Funding Rounds Week of March 16th
Kalshi leads the week with a $1B round as investors pour capital into AI-biotech, autonomous logistics, and photonics. See the full breakdown of top VC deals.
- 01Artificial Intelligence (AI) • Data and Analytics•New York$1BSeries F
Prediction market Kalshi raised more than $1 billion in a funding round at a $22 billion valuation led by Coatue Management.
- 02Artificial Intelligence (AI) • Biotechnology•Delaware$787MEquity
Earendil Labs, an AI-driven biotechnology company, raised $787 million in financing rounds with participation from Dimension Capital, DST Global, INCE Capital, Luminous Ventures, Miracle Capital, Sanofi, and the Biotech Development Fund (Hillhouse and Pfizer).
- 03Internet Services • Privacy and Security•Massachusetts$375MSeries B
Consumer-focused privacy company Cloaked raised $375M in a Series B and growth financing led by General Catalyst and Liberty City Ventures
- 04Data and Analytics • Health Care•California$300MEquity
Verily, a data platform and technology company focused on AI-enabled precision health, raised $300 million in an investment round led by Series X Capital with participation from Alphabet, UCHealth, and the University of Colorado Anschutz.
- 05
Community and Lifestyle • Consumer Goods•Lombardia$288.9MEquityGolden Goose, a premium luxury fashion brand, received a €250M minority stake investment (approximately 10%) from Qatar Investment Authority in a private minority sale alongside majority owner HSG and continuing minority investors Temasek and Permira, at a post-deal valuation in line with the prior >€2.5B valuation.
- 06Artificial Intelligence (AI) • Data and Analytics•Massachusetts$217.1MSeries C
曦智科技, a photonics/optical-electronic hybrid compute company, raised over ¥1.5 billion in a C round with participation from China Mobile, Shanghai International Group (Shanghai Guotou), Guoxin Fund, Pudong Venture Capital, Tencent, Zhongke Chuangxing and Yijing Capital.
- 07Artificial Intelligence (AI) • Data and Analytics•California$203.1MSeries A
Axiom, an AI startup, raised $200M in a Series A at a $1.6B valuation.
- 08Consumer Electronics • Consumer Goods•California$200MSeries H Extension
Zipline, an autonomous drone delivery and logistics startup, raised an additional $200M as part of its Series H, bringing the round to $800M at a $7.6B valuation, with initial participation from Fidelity Management & Research Company, Baillie Gifford, Valor Equity Partners and Tiger Global and additional participation from Paradigm.
- 09Consumer Electronics • Hardware•California$143MSeries D
Frore Systems, a liquid-cooling systems startup for semiconductors, raised $143 million in a Series D at a $1.64 billion valuation led by MVP Ventures with participation from Fidelity, Mayfield, Addition, Qualcomm Ventures, and Alumni Ventures.
- 10Agriculture and Farming • Manufacturing•Provence-Alpes-Cote d'Azur$135.2MSeries A
Hynaero, a French aerospace startup developing the Frégate F-100 amphibious water-bomber, raised €117 million in a combined Seed and Series A led by Bpifrance, the Région Sud and an unnamed investor.
- 11Artificial Intelligence (AI) • Consumer Electronics•Washington$120MSeries C
Autonomous offensive security company XBOW raised $120 million in a Series C at a valuation of over $1 billion led by DFJ Growth and Northzone with participation from Sofina, Alkeon Capital, Altimeter, NFDG Ventures, and Sequoia Capital
- 12Consumer Electronics • Hardware•New York$120MSeries B
Oasis Security, a provider of non-human identity and agentic access governance, raised $120M in a Series B led by Craft Ventures with participation from Cyberstarts, Sequoia Capital, and Accel
- 13Artificial Intelligence (AI) • Consumer Electronics•New South Wales$110MSeries C
Advanced Navigation, a provider of navigation and autonomous systems technology, raised $110 million in a Series C led by Airtree Ventures with participation from Quadrant Private Equity and the National Reconstruction Fund Corporation and existing investors including Main Sequence, KKR, In-Q-Tel, Alpha Intelligence Capital, Malcolm Turnbull, and Our Innovation Fund.
- 14Information Technology • Mobile•Virginia$100MSeries C
Cape, a privacy-focused mobile carrier and cellular network provider, raised $100M Series C co-led by Bain Capital Ventures and IVP with participation from 01 Advisors, 137 Ventures, Definition, and Fifth Down Capital
- 15Apps • Information Technology•Washington$100MSeries B
Bluesky, a social network built on the AT Protocol, raised $100M in a Series B led by Bain Capital Crypto with participation from Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and Knight Foundation.
- 16Financial Services • Lending and Investments•New York$100MEquity
Theo, a New York-based tokenization platform issuing gold-backed tokens, raised $100 million to offer thUSD.
- 17Information Technology • Platforms•California$100MSeries C
WorkOS, a software company, raised $100 million in a Series C at a $2 billion valuation.
- 18Energy • Natural Resources•Haryana$95MEquity
ReNew Green, ReNew's commercial and industrial clean energy platform, $95 million, equity investment, led by LeapFrog Investments with co-investors Emerging Market Climate Action Fund (EMCAF) and Carlyle AlpInvest
- 19Financial Services • Information Technology•Berlin$90MEquity
Upvest, a European investment infrastructure provider, raised $125M comprising a $90M equity round led by Sapphire Ventures and Tencent with participation from Bessemer Venture Partners and BlackRock and is finalising a $35M debt facility.
- 20Artificial Intelligence (AI) • Data and Analytics•California$80MSeries A
Gimlet Labs, a startup offering a multi-silicon inference cloud for running AI workloads across diverse hardware, raised $80 million in a Series A led by Menlo Ventures with participation from angels and prior backers including Factory, Eclipse Ventures, Prosperity7, Triatomic, Bill Coughran, Nick McKeown, Raghu Raghuram and Lip-Bu Tan
