- The Tech Buzz
- Posts
- Latest AI, Biotech & Fintech Raises
Latest AI, Biotech & Fintech Raises
We just launched Beyond Tech: Your Weekend Upgrade. Check out our 3rd edition for the latest trends in Consumer Tech, Travel, Food & Drink, and Arts & Culture.
TECH IN THE NEWS
Satellite iPhones — Apple is investing $1.1B into satellite services provider GlobalStar in a bid to expand satellite services for the iPhone.
Nvidia on DJI — Intel will be replaced by rival chipmaker Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run.
Crypto ETF Surge — Inflows to bitcoin ETFs notched net inflows of $917.2M on Wednesday, the biggest one-day increase since March, as traders bet on a Trump win.
Fed x Elections — Federal Reserve Chair Powell could impact the economy at an uncertain time when he delivers his November post-meeting press conference just days after the election when the result may not yet be certain.
Data Center Energy Risks — US regulators have raised questions about co-locating data centers at power plants due to costs and reliability concerns.
AI Is Booming — And These Stocks Are Set To Skyrocket
AI is reshaping the future, and the market’s buzzing with opportunity. The big players are making moves, and if you want a piece of the action, now’s the time. Trading Tips has cut through the noise to pinpoint the 10 AI stocks that are primed to skyrocket.
Don’t miss out on this chance to get ahead — get this valuable insight with no strings attached.
Get your free report here
(By clicking this link, you agree to receive emails from us and our affiliates. You can opt out at any time)
DEALS WE’RE WATCHING
Closed Deals:
MASSIVE DEALS
Customer Experience AI — Turkish AI marketing unicorn Insider raised a $500M Series E led by General Atlantic to personalize customer UX across platforms.
Customizable AI Service Chatbots — Sierra, a San Francisco AI agent startup co-founded by Bret Taylor, raised $175M, at a value of $4.5B led by Greenoaks.
Inflammatory Disease Treatments — Palo Alto biotech startup Evommune raised a $115M Series C co-led by RA Capital and Sectoral , with B Capital, RTW, NEXTBio, EQT Life Sciences and more.
Eco Building Materials — Michigan vacuum-insulated glass startup LuxWall raised a $51M Series B led by Climate Investment and Barclays Sustainable Impact Capital with Breakthrough, Prelude, Khosla, and more joining.
AI Property Management — Miami/Israel startup DoorLoop raised a $100M Series B from JMI Equity to automate tenancy & maintenance for landlords.
MID-SIZE DEALS
AI Contact Centers — New York AI software startup Regal closed a $40M Series B led by Emergence with Founder Collective and Homebrew also contributing.
AI Agent Surveillance — San Francisco AI video business surveillance startup Spot AI raised $31M from Qualcomm, GSBackers, MVP , and Cheyenne.
High-Temp Energy Storage — San Diego thermochemical storage startup Redoxblox raised a $30M Series A extension led by Prelude, joined by previous investors Breakthrough and Khosla.
Solar Energy DePIN — Blockchain startup Glow raised $30M co-led by Framework and Union Square, to power DePIN solar energy economies.
Autonomous Warehouses — Union City, CA autonomous forklifts startup Third Wave Automation raised a $27M Series C led by Woven, with previous investors Innovation Endeavors, Norwest, and Qualcomm.
SMALLER DEALS
AI Open-World Gaming — San Francisco stealth AI research lab Decart emerged fwith a real-time AI video game and a $21M seed led by Sequoia with Zeev joining.
AI Antibody Medicines — Biotech startup Archon raised a $20M seed to advance AI biomolecule design to enhance antibody treatments.
Earth Imaging Sensors — LA advanced aerospace sensors startup Matter Intelligence raised a $12M seed round led by Lowercarbon , joined by Toyota, Pear, Mark Cuban, and E2MC.
SMB Financial Management — San Francisco startup Tola raised a $10.2M seed round led by Sequoia with Cherry, Creandum, RTP Global, Founders, YC, and more.
On-Demand Financial Market Data — Salt Lake City institutional market data startup Databento, raised a $10M Series A extension. from Belvedere, Clear Street, and Lightscape.
Personalized Mortgages — DC personalized loan guidance startup Further raised a $4.1M pre-seed round from Link, Vesta, and Fidi Ventures.
Exit Watch:
Terran Orbital Corporation — A satellite manufacturing startup has been acquired by Lockheed Martin to advance its Space and aerospace systems unit.
Run.ai — The EU has temporarily blocked Nvidia's planned ~$700M acquisition of the Israeli AI computing resource management startup.
Pixelmator — Apple has acquired the 17-year-old image editing app known for its capabilities in photo retouching and graphic design.
Netskope IPO — The 12-year-old California cloud security company is planning to go public next year. It has raised $1.4B from Social Capital, Lightspeed, and Accel.
Companies to Watch:
Kalshi — The predictions marketplace has boomed during the elections, trading ~$200M in a month. It has now secured tens of millions in loans from VCs, and is now eyeing a $50M+ round.
Cyera — The Israeli Cybersecurity unicorn has benefited from recent data breaches. It recently acquired Trail Security for $162M and is now raising at a $3B valuation.
Abridge — The medical AI startup hit $50M in ARR from subscription revenue and is raising $250M at a valuation of $2.5B pre-money led by Elad Gil and IVP with Alphabet’s CapitalG participating.
Eon — Founders exited their last company with a sale to Amazon, now Eon aims to reinvent cloud infrastructure backups. It’s raised a total of $127M across three rounds this year at a $750M valuation from Sequoia, Lightspeed and more.
The Funding Buzz
MaC VC — The firm has raised a $150M Fund III focused on backing seed-stage startups including those in Africa. Notable investments include Chef Robotics.
Crosscut Ventures — The VC launched a new $100M fund focused on "frontier tech" supporting companies in climate software, space hardware, and other innovative technologies.
BBG Ventures — The firm established a new $60M fund to support founders from diverse backgrounds across gender, race, age, and class.
The European Innovation Council — The fund will allocate $1.5B to European deep tech research and startups next year, a ~€200M budget increase over 2024.