Top Funding Rounds Week of June 29th
Joulent, Quantum Systems, and Sharon AI lead a massive week for global VC, with billions flowing into AI infrastructure and energy-intensive compute.
- 01Artificial Intelligence (AI) • Data and Analytics•Texas$1.8BEquity
Joulent, a technology-driven energy company developing multi-gigawatt power infrastructure, secured a $1.75B strategic minority investment from National Grid Ventures.
- 02Artificial Intelligence (AI) • Consumer Electronics•Bayern$1.2BSeries D
Quantum Systems, a vertical-takeoff drone maker, raised a $1.2 billion Series D at an $8 billion valuation co-led by Blackstone, Noteus, Airbus, and Advent.
- 03Artificial Intelligence (AI)•New South Wales$900MEquity
Sharon AI, an Australian neocloud and high-performance computing company focused on AI and cloud GPU/CPU compute infrastructure, raised $1.6 billion in an oversubscribed private placement including equity/pre-funded warrants and $700M of 4.75% convertible senior notes, anchored by Situational Awareness L.P. and funds managed by Oaktree Capital Management with Goldman Sachs as lead placement agent.
- 04Financial Services • Information Technology•Karnataka$900MEquity
CRED, an Indian fintech focused on lending and financial services, raised $900 million in a funding round led by Meta.
- 05Artificial Intelligence (AI) • Data and Analytics•California$800MSeries C
Together AI, an AI neocloud, raised $800M in a Series C at an $8.3B valuation led by Aramco Ventures with participation from Vista Equity Partners, General Catalyst, Emergence Capital, Nvidia, March Capital, Pegatron, and SentinelOne’s S Ventures.
- 06Blockchain and Cryptocurrency • Data and Analytics•Ohio$750MSeed
Strive, a Bitcoin treasury company, raised $750 million in seed capital via a $750M PIPE.
- 07EArtificial Intelligence (AI) • Data and Analytics•Tel Aviv$350MEquity
Element Labs, an Israeli chip startup, raised $300–400 million in a new financing round at a valuation of over $4 billion led by Fidelity.
- 08Administrative Services • Consumer Electronics•Ile-de-France$228.8MEquity
Skello, the French AI-powered HR management software company, raised €200 million in a funding round led by Bridgepoint Development Capital V, with founders, management and some existing investors reinvesting.
- 09Consumer Goods • Financial Services•Florida$200MEquity
Express car wash operator, Bubble Down Car Wash, secured a $200 million growth capital commitment from BTG Pactual Strategic Capital (Strat Cap).
- 10Hardware • Information Technology•New York$180MEquity
LeapXpert, a Governed Communication Intelligence company, raised a $180 million growth investment led by Riverwood Capital with participation from existing investor Portage Ventures.
- 11
Energy • Hardware•California$150MEquitySTAX Engineering, a maritime emissions capture and control provider, secured a $150 million financing commitment (debt refinancing plus new capital) led solely by Bain Capital’s Private Capital Group.
- 12Artificial Intelligence (AI) • Data and Analytics•Saskatchewan$147MSeries B
Cobot AI, an embodied AI company, raised a 1 billion yuan Series B at a post-money valuation above 10 billion yuan led by Shenzhen Capital Group and the Guiyang Digital Economy Fund, with participation from Qianhai Mother Fund, Lens Technology (and Lens Chairwoman Zhou Qunfei in a personal capacity), ICBC Capital, Hengjian Asset Management, Zhurui Capital, Nanshan Strategic Emerging Industries Investment, Chengdu Science and Technology Venture Capital, and the Sichuan Academician Fund.
- 13Artificial Intelligence (AI) • Data and Analytics•California$135MSeries A
8090, an AI-enabled Software Factory, raised $135 million in a Series A led by Salesforce Ventures with participation from WNDR, Craft Ventures, The Production Board, and LAUNCH, and support from angel investors including Nikesh Arora, Cliff Robbins, Adam D’Angelo, Shyam Ravindran, Abhi Arun, and Thomas Laffont.
- 14Artificial Intelligence (AI) • Data and Analytics•Catalonia$131.1MEquity
Openchip, a designer of high-performance, energy-efficient chips, secured a €115M investment from the Spanish Society for Technological Transformation (SETT) with coordinated participation by the Government of Catalonia.
- 15Artificial Intelligence (AI) • Data and Analytics•Central Region$125MSeries A
dConstruct Technologies, a Singapore-based robotics company, raised US$125M in a Series A round announced by the National Robotics Programme.
- 16Biotechnology • Health Care•Massachusetts$105MEquity
Antares Therapeutics, an oncology drug discovery company, received a $105M upfront payment from Novartis as part of a collaboration that could provide up to $1.8B in additional payments led by Novartis.
- 17Artificial Intelligence (AI) • Information Technology•California$100MSeries B
TwelveLabs, a video intelligence company, raised $100 million in a Series B co-led by NEA and NAVER Ventures with participation from Amazon, Radical Ventures, Korea Investment Partners, Index Ventures, Quadrille Capital, and Red Bull Ventures.
- 18Apps • Artificial Intelligence (AI)•Massachusetts$100MSeries A
Scaled Cognition, an enterprise AI model developer focused on reliable, hallucination-free models, raised $100M in a Series A led by Khosla Ventures with strategic participation from Genesys.
- 19Commerce and Shopping • Sports•New York$100MSeries E
Premier Lacrosse League, a men's professional lacrosse league, raised $100 million in a Series E led by Ares and Joe Tsai with participation from ESPN, Glen Powell, Rob McElhenney, Warren Zeiders, Tony Cavalero, Creator Sports Capital, Carolyn Tisch Blodgett's Next 3, FirstTracks Sports Ventures, Jed Hart, West End Investment Management, James Young, Bolt Ventures, Chris Shumway, and others.
- 20Government and Military • Hardware•Ontario$97.7MSeries A
Dominion Dynamics, a defence technology company, raised $139M CAD ($100M USD) in a Series A led by Georgian with participation from Valor Equity Partners, Expeditions, Lakestar, OMERS, Business Development Bank of Canada (BDC), Royal Bank of Canada (RBC), Deloitte Ventures (Canada), JDY Capital, British Columbia Investment Management Corporation (BCI), Bessemer Venture Partners, Garage Capital, Golden Ventures and Silent Ventures.
