Top Funding Rounds Week of June 1st
Lila Sciences, Ramp, and Kpler headline a week of massive funding rounds. See which sectors are dominating the current VC landscape.
- 01Artificial Intelligence (AI) • Biotechnology•Massachusetts$2BEquity
Lila Sciences, an AI-driven autonomous scientific discovery startup, is negotiating a $2 billion financing at an expected $8.5 billion pre-money valuation led by the California Public Employees’ Retirement System (CalPERS) and NVentures (NVIDIA's VC arm).
- 02Artificial Intelligence (AI) • Data and Analytics•Brussels Hoofdstedelijk Gewest$1BEquity
Kpler, a global physical trade intelligence data and analytics provider, raised a more than $1 billion minority strategic growth equity investment led by Sixth Street with Insight Partners remaining a shareholder and Five Arrows exiting.
- 03Consumer Electronics • Data and Analytics•Tokyo$938MEquity
Rapidus, a developer and manufacturer of advanced logic semiconductors, completed a ¥150 billion additional funding round from the Information-Technology Promotion Agency (IPA), Japan.
- 04Financial Services • Lending and Investments•New York$750MSeries F
Ramp, a corporate spend and finance infrastructure platform, raised $750 million in a Series F at a $44 billion valuation led by ICONIQ, GIC, and Ontario Teachers' Pension Plan.
- 05Manufacturing • Science and Engineering•California$500MSeries D
Impulse Space, an in-space mobility and rocket engine startup, raised $500 million in a Series D led by 137 Ventures and BANNER VC with participation from Founders Fund, Lux Capital, and Linse Capital.
- 06Artificial Intelligence (AI) • Data and Analytics•California$500MEquity
Nuro, a self-driving vehicle developer, received about $500 million in a funding package combining equity and performance-based payments at a $6 billion valuation with participation from Uber, Nvidia, and SoftBank.
- 07Artificial Intelligence (AI) • Data and Analytics•California$500MSeries F
Supabase, the open source Postgres development platform, raised $500M in a Series F at a $10.5B post-money valuation led by GIC with participation from Accel, Y Combinator, Craft, Felicis, Peak XV, Coatue, Stripe, and Salesforce Ventures
- 08Energy • Science and Engineering•Washington$465MSeries G
Helion Energy, a fusion startup, raised $465 million in a Series G at a $15.5 billion valuation led by Thrive Capital with participants including Alta Park Capital, Anti Fund, BoxGroup, Lux Capital, Peak XV Partners, Bill Ford, Capricorn Technology Impact Funds, Lightspeed Venture Partners, Mithril Capital, Good Ventures Foundation (Dustin Moskovitz), SoftBank Vision Fund 2, and a university endowment fund
- 09Biotechnology • Health Care•California$435MSeries C
NewLimit, a developer of cell reprogramming and epigenetic longevity medicines, raised $435M in a Series C led by Founders Fund with participation from Thrive Capital, Greenoaks, Quiet Capital, Kleiner Perkins, Abstract, Nat Friedman, Daniel Gross, Valor Equity Partners, Eli Lilly Ventures, and Human Capital
- 10Artificial Intelligence (AI) • Hardware•HaMerkaz$410MSeries D
DriveNets, a large-scale networking solutions company, raised $410M in a Series D led by Bessemer Venture Partners and Atreides Management, with participation from AMD, Red Dot Capital, Pitango, and D1 Capital Partners.
- 11Apps • Artificial Intelligence (AI)•Massachusetts$400MSeries D
Suno, an AI music generation company, raised a $400M Series D at a $5.4B valuation led by Bond Capital with participation from IVP, Forerunner, Union Square Ventures, Alkeon, Quiet, Matrix, Lightspeed, Menlo Ventures, and Schroders Capital.
- 12Hardware • Science and Engineering•California$400MEquity
Generalist AI, a robotics startup, raised $400 million in a funding round at a $2 billion valuation led by Radical Ventures with participation from 8VC, Union Square Ventures, Norwest, Hanabi Capital, Nvidia, and Bezos Expeditions
- 13Artificial Intelligence (AI) • Data and Analytics•New York$350MEquity
AlphaSense, an AI-powered market intelligence platform, raised $350M in an Other round at a $7.5B valuation led by Vitruvian Partners, Accenture Ventures, and J.P. Morgan Asset Management, with participation from D. E. Shaw Ventures, Pinegrove Opportunity Partners, CapitalG, Goldman Sachs Alternatives, and Viking Global Investors.
- 14Hardware • Information Technology•Reading$349.7MSeries C
Oxford Quantum Circuits, a quantum computing company, raised €301 million in an oversubscribed Series C led by Bullhound Capital with participation from the British Business Bank, Fynveur (advised by Invus), COFIDES, Alpha Edison, Fulcrum Asset Management, Pentland Ventures, Magdalen College Oxford, Adaptive Capital Partners, Firgun Ventures, 18 West, Oxford Capital and existing investors including Oxford Science Enterprises, SBI, Chevron Technology Ventures, The University of Tokyo Edge Capital Partners and OTIF Ventures
- 15Consumer Electronics • Consumer Goods•California$300MSeries C
Mach Industries, a defense tech startup, raised $300 million in a Series C at a $1.8 billion valuation led by Infinite Capital and Ribbit Capital, with participation from Bedrock Capital, Sequoia Capital, and Khosla Ventures.
- 16Artificial Intelligence (AI) • Data and Analytics•New York$300MSeries G
Cyera, an AI data storage security company, raised $300M in additional funding at a $12 billion post-money valuation led by Evolution Equity Partners with participation from Georgian, Greenoaks, Lightspeed Venture Partners, Sequoia Capital, Sapphire Ventures, Redpoint Ventures, Cyberstarts, Coatue, Accel, and Spark Capital
- 17Energy • Sustainability•Midtjylland$281.2MGrant
Everfuel, a hydrogen company, received 1.8 billion kroner in EU grant funding from the European Union.
- 18Manufacturing • Natural Resources•Oklahoma$277MPost-IPO Equity
USA Rare Earth, a rare-earth metals developer, secured up to $1.6B in CHIPS Act financing and completed a $1.5B private capital raise, together totaling about $3.5B in committed capital under agreements with the U.S. Department of Commerce CHIPS program.
- 19Blockchain and Cryptocurrency • Financial Services•Nevada$273.8MSeries A Extension
Bitmine, a company that issued perpetual preferred shares, raised $273.8M in an expanded Series A offering of perpetual preferred shares priced at $80 per share, led/participating investors not disclosed.
- 20Energy • Professional Services•Hovedstaden$265.7MGrant
European Energy, a renewable hydrogen and Power-to-X developer, secured up to €228 million in funding under Germany’s hydrogen auction program linked to the European Hydrogen Bank.
