Top Funding Rounds Week of March 23rd
OpenAI, Shield AI, and Harvey lead a massive week of venture funding as capital consolidates behind high-stakes AI infrastructure and defense tech.
- 01Artificial Intelligence (AI) • Data and Analytics•California$10BEquity
OpenAI, the ChatGPT creator, raised an additional $10 billion as part of a historic funding round bringing total commitments to north of $120 billion at a $730 billion pre-money valuation, with participants including Andreessen Horowitz, D.E. Shaw Ventures, MGX, TPG, T. Rowe Price and Microsoft.
- 02Artificial Intelligence (AI) • Consumer Electronics•California$1.5BSeries G
Shield AI, a venture-backed deep-tech defense autonomy company, raised $1.5 billion in Series G and $500 million in fixed-return preferred equity (total $2.0 billion) at a $12.7 billion post-money valuation led by Advent International and co-led by JPMorganChase’s Strategic Investment Group, with participation from Snowpoint Ventures, Innovation X Advisors, Riot Ventures, Disruptive, Apandion, and funds managed by Blackstone.
- 03Artificial Intelligence (AI) • Blockchain and Cryptocurrency•New York$600MEquity
Polymarket, a prediction market platform, received a $1.6 billion equity capital investment completed by Intercontinental Exchange (ICE) after an initial $1 billion commitment and an additional $600 million, with ICE also planning to purchase up to $40 million of securities from existing holders and having previously committed up to $2 billion at a $9 billion valuation.
- 04Artificial Intelligence (AI) • Data and Analytics•Kyonggi-do$400MEquity
Rebellions, a South Korean fabless AI chip startup, raised $400 million in a pre-IPO round at a $2.34B valuation led by Mirae Asset Financial Group and the Korea National Growth Fund
- 05Energy • Natural Resources•California$350MSeries B
Aetherflux, an advanced-technology startup, is raising a $250–$350M Series B at an expected ~$2.0B valuation led by Index Ventures.
- 06
Government and Military • Mobile•Massachusetts$350MEquityCambridge Mobile Telematics, a telematics and AI road-safety company, raised a $350 million strategic investment led by TPG and Allianz X with participation from State Farm.
- 07Energy • Natural Resources•Florida$255MEquity
ArtIn Energy, a renewable energy developer, received a $255M investment from Agila Investments.
- 08Abu Dhabi$250MEquity
Advanced Digital Gaming Technology, a newly established Abu Dhabi-headquartered payments and data intelligence platform for regulated gaming markets, received a $250 million investment in a strategic partnership led by Blackstone with participation from Raya Holding, NRT Technology, and Sightline Payments.
- 09Artificial Intelligence (AI) • Consumer Electronics•Vaud$225MSeries A
Kandou AI, a developer of high-speed, energy-efficient connectivity and system solutions, raised $225M in a Series A led by Maverick Silicon with participation from SoftBank Group, Synopsys, Cadence Design Systems, and Alchip Technologies
- 10Blockchain and Cryptocurrency • Financial Services•Hamilton$217MEquity
XBTO, an institutional digital asset solutions firm, secured commitments toward a capital raise of up to $217 million and entered a strategic partnership with ValueLabs, which took a minority equity stake in XBTO Global Limited.
- 11Artificial Intelligence (AI) • Hardware•Florida$200MSeries A
eMed, a population health/employer platform, raised $200 million in a Series A at a $2 billion-plus valuation led by AON Consulting, Inc., with investors including Tom Brady, Jeff Aronin, Ara Cohen, Antonio Gracias, Joe Lonsdale, R.J. Melman, Tom Ricketts, and Linda Yaccarino.
- 12Consumer 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.
- 13Artificial Intelligence (AI) • Data and Analytics•California$200MSeries G
Harvey, a legal tech startup, raised $200 million in a new financing at an $11 billion valuation co-led by GIC and Sequoia with participation from Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins
- 14Financial Services • Lending and Investments•Midtjylland$200MEquity
Lunar, a Denmark-based mobile-first neobank, raised a $200 million funding round led by CapitalG.
- 15Hardware • Information Technology•California$170MSeries C
Xona Space Systems, a commercial navigation infrastructure company, raised $170 million in an oversubscribed Series C led by Mohari Ventures Natural Capital with participation from Craft Ventures, ICONIQ, Woven Capital, NGP Capital, Samsung Next, Hexagon, and other new and existing investors.
- 16Energy • Sustainability•Oslo$145.1MGrant
BW Ideol, a floating foundation developer, secured up to €126 million in public funding (grants) including a €74 million EU Innovation Fund grant and up to €52 million from the French state via the C3IV program.
- 17Commerce and Shopping • Software•New York$140MSeries C
Cents, a laundry software, hardware and payments platform, raised $140 million in a Series C led by Sumeru Equity Partners with additional investment from Series B lead Camber Creek
- 18Agriculture 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.
- 19Artificial Intelligence (AI) • Information Technology•New York$130MSeries C
ScaleOps, autonomous cloud and compute management software, raised $130 million in a Series C at an $800 million valuation led by Insight Partners with participation from Lightspeed Venture Partners, NFX, Glilot Capital Partners, and Picture Capital
