Top Funding Rounds Week of May 11th
Anthropic, Anduril, and OpenAI led a massive week of VC activity. We track the shift toward AI infrastructure and defense-tech dominance.
- 01Artificial Intelligence (AI) • Data and Analytics•California$30BEquity
Anthropic, a US AI developer, agreed to take $30 billion in new capital in a financing round at a $900 billion valuation from a group of financial investors.
- 02Artificial Intelligence (AI) • Data and Analytics•California$5BSeries H
Anduril Industries, a defense tech company, raised a $5 billion Series H at a $61 billion valuation led by Thrive Capital and Andreessen Horowitz
- 03Artificial Intelligence (AI) • Data and Analytics•California$4BEquity
OpenAI's new OpenAI Deployment Company, a business unit to help organizations build and deploy AI systems, launched with more than $4 billion in initial committed investment led by TPG with Advent, Bain Capital, and Brookfield as co-lead founding partners and participation from B Capital, BBVA, Emergence Capital, Goanna, Goldman Sachs, SoftBank Corp., Warburg Pincus, WCAS, Bain & Company, Capgemini, and McKinsey & Company.
- 04Artificial Intelligence (AI) • Biotechnology•England$2.1BSeries B
Isomorphic Labs, an AI-driven drug discovery company, raised $2.1 billion in a Series B led by Thrive Capital with participation from Alphabet, GV, MGX, Temasek, CapitalG, and the UK Sovereign AI Fund
- 05Artificial Intelligence (AI) • Consumer Electronics•Bayern$1.2BEquity
Helsing, the Munich-based defence AI and drone company, is closing a $1.2B funding round led by Dragoneer and Lightspeed Venture Partners at an $18B valuation.
- 06Artificial Intelligence (AI) • Data and Analytics•England$650MEquity
Recursive Superintelligence, an artificial intelligence research company focused on self-improving AI, raised $650 million in a funding round at a $4.65 billion valuation led by GV and Greycroft, with participation from AMD Ventures and NVIDIA
- 07Artificial Intelligence (AI) • Data and Analytics•Tokyo$650MEquity
Recursive, an AI startup focused on recursively self-improving AI and open-ended automated discovery, raised $650M in a heavily oversubscribed funding round at a $4.65B valuation led by GV and Greycroft with major participation from AMD Ventures and NVIDIA
- 08
Artificial Intelligence (AI) • Data and Analytics•Bristol, City of$450MEquityGraphcore, an AI infrastructure and hardware company, received a $450 million investment from SoftBank.
- 09$400MEquity
Mind Robotics, a Palo Alto, CA-based industrial robotics company, raised $400M in funding led by Kleiner Perkins with participation from Meritech Capital, Redpoint Ventures, SV Angel, Incharge Capital, A-Star Capital, Garuda Ventures and existing investors including Accel, Andreessen Horowitz, Eclipse, Prysm Capital, Bain Capital Ventures, and Greenoaks.
- 10Energy • Natural Resources•California$275MSeries B
Cowboy Space Corporation, an orbital infrastructure company, raised $275M in a Series B at a $2B valuation led by Index Ventures with participation from IVP, Blossom Capital, SAIC, Breakthrough Energy Ventures, Construct Capital, Andreessen Horowitz, NEA, Interlagos and Baiju Bhatt.
- 11Apps • Information Technology•Karnataka$240MEquity
Rapido, an Indian ride-hailing company, raised $240 million in fresh funding in an equity round at a $3 billion valuation led by Prosus with participation from existing investors WestBridge Capital and Accel.
- 12Manufacturing • Science and Engineering•Fribourg$232.6MEquity
Destinus, the Dutch defence startup that manufactures cruise missiles and autonomous drones, is seeking €200M in a pre-IPO raise at a €5B+ valuation.
- 13Blockchain and Cryptocurrency • Financial Services•New York$222MICO
Circle, crypto/fintech company, raised $222 million in an ARC token presale at a fully diluted valuation of about $3.0 billion led by a16z with participation from BlackRock and Apollo
- 14Artificial Intelligence (AI) • Data and Analytics•England$220MSeries B
Fractile, a UK AI hardware startup building inference hardware for frontier AI, raised $220M in a Series B led by Accel, Factorial Funds, and Founders Fund with participation from Conviction, Gigascale, O1A, Felicis, Buckley Ventures and 8VC
- 15Hardware • Manufacturing•British Columbia$200MSeries E
Photonic, a Vancouver-based quantum computing company, raised more than $200 million in a final close at a $2.0 billion post-money valuation led by Planet First Partners with participation from Business Development Bank of Canada, Export Development Canada, Bell Ventures, Firgun Ventures, InBC Investment Corp., Mubadala Capital, Royal Bank of Canada, TELUS, British Columbia Investment Management Corporation, and Microsoft.
- 16Financial Services • Payments•England$175MEquity
Paymentology, a cloud-native issuer-processing platform for banks and fintechs, secured a $175M investment co-led by Apis Partners and Aspirity Partners
- 17Agriculture and Farming•New Jersey$150MSeries C
Oishii, an indoor vertical strawberry farm, raised $150M in a Series C first closing led by SPARX Asset Management Co., Ltd., with participation from Nomura Real Estate Development Co., Ltd., MISUMI Group Inc., Mizuho Bank Ltd., and others.
- 18Artificial Intelligence (AI) • Data and Analytics•Karnataka$150MEquity
Sarvam AI, a Bengaluru-based multilingual, voice-first foundational AI startup, raised $300 million in a funding round at an approximately $1.5 billion valuation led by Bessemer Venture Partners with a $150 million commitment from HCLTech and strategic/participating investments from NVIDIA, Prosperity7, Activate, Glade Brook Capital and existing investors.
- 19Manufacturing • Science and Engineering•Madrid$140MSeries D
EOS X Space, Spanish New Space startup, $140 million, Series D, investors undisclosed
- 20Energy • Sustainability•England$135.2MEquity
Rendesco, a heat network developer, secured up to £100m investment with Pioneer Point Partners acquiring a majority stake and facilitating up to £500m capex funding.
