Funding — Page 6
Rounds, valuations, term sheets.
- SCOOP: XRHealth files $20.1M in securities, mostly for acquisitions
The October 23rd SEC filings disclose $2.15M in cash sales, shares issued to settle debt and $16.25M in acquisition consideration. PitchBook separately records a $22.8M September Series A1; the filings do not establish whether the transactions are related.
- Xona raises $250M at $2.45B valuation to scale Pulsar
Steve Jurvetson's Future Ventures led the Series D, which brings Xona's total capital raised above $570M. The company plans to spend the proceeds on manufacturing, satellite deployments and the systems needed to operate a global service.
- BOB raises $5.5M to build an AI finance employee for small businesses
CEO Adam Wininger is drawing on his own small-business experience as BOB builds an agent for bookkeeping, payments and cash flow.
- Mave raises $28M to investigate cyber alerts without another data lake
Mave founders Raziel Oren and Guy Eshel are betting security teams will pay for AI investigations across existing tools, without centralizing their data.
- Commerce signs Helion letter of intent for up to $175M in fusion hardware
The proposed award would support fusion power electronics as part of up to $389M in awards to four companies. The government would receive minority, non-controlling, non-voting equity stakes.
- Ben Lamm raises $200M for Warhound's genetically engineered military dogs
The seed round values Warhound at $1.2 billion, backing a plan that combines Colossal's animal genetics with Anduril equipment before its first dogs are born.
- SK Hyper seeks financing partners for a $350B AI data center plan
CEO Chung Suk-geun told Bloomberg the talks involve big tech firms and financial investors; SK Telecom separately targets 15 GW of capacity by 2035.
- Formic raises $50M to put general-purpose robots on factory floors
Formic's Series B, led by Mercato Partners, backs a shift from task-specific automation to broader industrial applications.
- Blacksmith raises $66M to keep AI-written code moving through CI
Sequoia led the round at a reported $1B valuation, about ten weeks after Blacksmith's $550M Series B. CEO Aditya Jayaprakash founded the company on the bet that testing would constrain software delivery.
- Nirva raises $25M to turn a listening pendant into a personal journal
Nirva CEO Wei Lyu, a former Meta and XREAL product leader, says its $249 pendant listens to the wearer's speech and surfaces personal insights. Co-founder Hanying Hu founded a fashion and jewelry brand.
- Slingshot raises $27M to make small insurance policies work at checkout
Founder Ethan Genteman is building software to connect checkout offers with insurers, with Rally Ventures and Skyward Group co-leading the seed round.
- Enact Intelligence raises $30M to teach robots through force and touch
Enact Intelligence founder Manuel Yves Galliker says robot bodies can add training signals beyond vision, with backing from Redalpine, Notion Capital, Firstminute Capital and three AI figures.
- Masia closes its debut fund and opens a Barcelona house for founders
Carlos Trenchs and Pepe Borrell pair early-stage checks with a Barcelona gathering place after backing 46 companies and 60 founders.
- DeepSeek raises $15B to compete with US frontier AI labs
Bloomberg reports that Tencent and CATL were among the largest investors after DeepSeek raised its fundraising target from 50 billion yuan to 80 billion yuan before reaching a reported 100 billion yuan total.
- Flapping Airplanes raises $1B to make AI use less data and compute
Flapping Airplanes raised the $1B Series A with Index Ventures and Lux Capital as co-leads. Bloomberg reported a $6B valuation, four times the $1.5B valuation reported for its January seed.
- Legora raises $550M at an $8.8B valuation as legal AI reaches in-house teams
Max Junestrand's Stockholm-based Legora says annual recurring revenue has topped $200M, with in-house legal teams accounting for more than 40% of new customers in the third quarter.
- Watchtower raises $35M to simulate military logistics plans before conditions change
The Seattle startup pairs former Marine officer Akhil Iyer with Microsoft systems engineers; its first focus is sustainment planning for military operations.
- Azoma raises $11.2M to track product recommendations across AI shopping agents
Led by Puma Growth Partners, Azoma's Series A will fund broader agent tracking and a planned Dunnhumby data integration to connect AI visibility with retail sales.
- Opply raises $7.5M to automate the work behind CPG brands
Founders Helen Murphy and Martin Postel pair her consumer-goods experience with his AI and manufacturing research as Opply expands in the US.
- Photon Bridge raises €10M to make AI data-center lasers at scale
Rui Santos and Xaveer Leijtens founded the Eindhoven photonics startup in 2020; the round funds product development, customer qualification and first samples in 2027.
- YGO raises €8M to make travel inventory bookable by AI agents
YGO says its Series A will fund product development and expansion beyond the DACH region, with Ventech leading the round.
- Fireworks AI explores a $30B-$40B valuation three months after its $17.5B round
The early talks renew attention to Lin Qiao's customized-model infrastructure thesis as Fireworks continues monitoring an October security incident.
- Pennant raises $5M to automate the work behind shareholder votes
Ryan Nowicki Stewart and Tomas Taylor are selling AI-supported governance software to institutions whose proxy-voting workflows they know from BlackRock, State Street and PJT Partners.
- Eka Robotics raises $150M to teach robots dexterous work through touch
MIT researcher Pulkit Agrawal and reinforcement-learning pioneer Tuomas Haarnoja are betting that force feedback and simulation can take robots beyond repetitive factory tasks.