Top Funding Rounds Week of May 25th
Anthropic raised $65B and Cognition secured $1B this past week. We analyze the massive capital flow into AI and deep-tech infrastructure.
- 01Artificial Intelligence (AI) • Data and Analytics•California$50BSeries H
Anthropic, an AI company, raised $65 billion in a Series H at a $965 billion post-money valuation led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.
- 02Administrative Services • Consumer Electronics•Berlin$2.9BEquity
Stark Defence, a drone start-up, is set for a new fundraising at a €2.5bn valuation.
- 03Blockchain and Cryptocurrency • Data and Analytics•Ohio$1.1BEquity
Asset manager Strive Asset Management raised $1.1 billion and, via its SATA vehicle, acquired more than $85 million in bitcoin.
- 04Artificial Intelligence (AI) • Data and Analytics•California$1BSeries D
Cognition, an AI startup building autonomous AI software-engineering agents, raised over $1 billion in a Series D at a $26 billion valuation led by Lux Capital, General Catalyst, and 8VC.
- 05Biotechnology • Health Care•California$1BSeries A
Retro Biosciences, a San Francisco longevity biotech aiming to extend human healthspan, is raising a $1B Series A with participation from Sam Altman (who previously funded its $180M seed round).
- 06Artificial Intelligence (AI) • Consumer Electronics•California$650MEquity
Groq, an AI chip startup, raised $650 million in an internal funding round from existing investors.
- 07Software•California$500MEquity
Rightsline, a rights and royalties management software provider, raised a $500M strategic growth investment led by Hg with reinvestment from Klass Capital and participation from Salem Partners and members of the management team.
- 08Commerce and Shopping • Software•Georgia$250MSeries F
Stord, a fulfillment network and commerce software provider, raised $250M in a Series F at a $3B valuation led by existing investors including Strike Capital, Kleiner Perkins, Founders Fund, Franklin Templeton, Baillie Gifford, G Squared, Bond, and Lux.
- 09Energy • Sustainability•Texas$240MSeries A
Focused Energy, the world’s leading laser fusion company, raised $240 million in a Series A with participation from RWE, the Federal Agency for Breakthrough Innovation SPRIND, the European Innovation Council Fund, and Prime Movers Lab.
- 10Artificial Intelligence (AI) • Data and Analytics•Pais Vasco$221.5MSeries B
Multiverse Computing, a Spanish quantum computing and AI software startup, is pursuing a €500M Series C at a valuation above €1.5B with around €190M committed from the Spanish government's SETT.
- 11Artificial Intelligence (AI) • Data and Analytics•New York$200MSeries F Extension
Kalshi, a federally regulated prediction market exchange, raised an additional $200 million expanding a $1 billion Series F at a $22 billion valuation led by Coatue Management with participation from Sequoia Capital, Andreessen Horowitz, IVP, Paradigm, Morgan Stanley, ARK Invest and expected new investor Baillie Gifford.
- 12Consumer Electronics • Hardware•Kyonggi-do$135MSeries B
XCENA (formerly MetisX), a memory-centric AI chip startup, raised $135 million in a Series B at a $570 million valuation co-led by Altinum and IMM Investment with participation from Corstone Asia, SBI Investment, and Mirae Asset Capital.
- 13Artificial Intelligence (AI) • Data and Analytics•New York$113MSeries B
OpenRouter, an AI model exchange company, raised $113M in a Series B led by CapitalG with participation from NVentures, ServiceNow Ventures, MongoDB Ventures, Snowflake Ventures, Databricks Ventures, Andreessen Horowitz and Menlo Ventures
- 14Financial Services • Software•Dublin$110MSeries C
Fonoa, the AI tax operating system for global businesses, raised $110M in a Series C led by Headline with participation from Eurazeo, Forestay Capital, Index Ventures, OMERS, Coatue, and Dawn Capital.
- 15Artificial Intelligence (AI) • Data and Analytics•California$106MSeries B
Corgi, a full-stack insurance platform, raised $106 million in a Series B1 at a $2.6 billion valuation led by TCV with participation from Prime Capital, Zone 2 Ventures, Oliver Jung, Leblon Capital, Kindred Ventures, Quadri Ventures, First Order Fund, Vocal Ventures, Nordstar, GSBackers, Repeat Ventures, 8188 Capital, and other strategic investors.
- 16Administrative Services • Data and Analytics•New York$100MSeries E
Garner Health, a digital healthcare platform, raised $100 million in a Series E at a $2.74 billion valuation led by Index Ventures with participation from Kleiner Perkins, Redpoint, Thrive, Sequoia, Founders Fund, and Kaiser Permanente Ventures
- 17Apps • Artificial Intelligence (AI)•England$100MEquity
Amity, a Thailand-founded enterprise AI software company, raised approximately US$100 million in fresh funding backed by major regional investors including Singapore’s EDBI.
- 18Energy • Sustainability•New Jersey$100MSeries B
Thea Energy, a stellarator fusion company, raised $100 million in a Series B led by US Innovative Technology Fund (USIT) with participation from General Innovation Capital Partners, Linse Capital, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, Idemitsu Kosan, Overlay Capital, Timescale Ventures, Whatif Ventures and existing investors including Alumni Ventures, Hitachi Ventures, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, Prelude Ventures, and Starlight Ventures.
- 19Energy • Sustainability•Pomorskie$90.8MEquity
GreenWay, a Poland-based EV charging infrastructure developer, raised a EUR 113 million financing package including a EUR 35 million loan from the EBRD with participation from Mirova, Janom Investment, Helios Energy Investments, Generation Capital and Neulogy Ventures
- 20Data and Analytics • Information Technology•California$90MSeries A
Observable Space (formed from the merger of PlaneWave Instruments and OurSky), a laser and optical space-hardware and space-data company, raised $90M in a Series A led by Lux Capital and co-led by Upfront Ventures, Detroit Venture Partners, Island Green Capital, and RTX Ventures, with BRV Capital Management and Fathom Fund also participating.
