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This is a weekly article that highlights the top 10 funding rounds announced in the United States during the week. Check out the biggest recap of funding deals from the past week. here.
Venture capitalists’ thirst for AI has not yet been quenched. That’s the takeaway from this week’s series of large US funding rounds, which were mostly a mix of purely AI companies and heavily tech-focused companies.
However, the week’s largest funding round, a $600 million funding round for drone delivery provider Zipline, proved that investors are also interested in platforms and technologies with applications in the physical world. The second-largest funding round, a $480 million seed deal for new AI lab Humans&, showed there was still an appetite for ultra-ambitious newcomers.
1. Zipline$600 million, drones: Zipline drone delivery unicorn said it closed on over $600 million at a valuation of $7.6 billion from investors including Loyalty, Baillie Gifford, Valor Equity Partners And World Tiger. Zipline, based south of San Francisco, California, also said it plans to expand into at least four new states this year, with initial plans to begin service in Houston and Phoenix.
2. Humans and$480 million, AI: Humans&, an AI lab that strives to apply technology in ways that focus “on people and their relationships with each other,” has secured $480 million in seed funding. The company was founded in September by top researchers from Google, Anthropic, xAI, OpenAI And Meta.
3. Baseten$300 million, AI infrastructure: AI infrastructure startup Baseten reportedly raised 300 million dollars with the support of IPV, CapitalG And Nvidia. The funding set a $5 billion valuation for the 7-year-old San Francisco-based company.
4. OpenEvidence$250 million, medical AI: OpenEvidence, an AI platform for doctors, announced that it raised $250 million in a Series D funding round that doubled its valuation to $12 billion. Prosperous capitalization And summer time co-led the round, which marks the fourth fundraising for the Miami-based startup in less than a year.
5. Noveon Magnetic$215 million, rare earth magnets: San Marcos, Texas-based Noveon Magnetics, a manufacturer of rare earth sintered permanent magnets, said it secured $215 million in Series C funding, including $200 million from A single investment management. The money will be used to expand the company’s rare earth magnet manufacturing capacity.
6. High-end AI$200 million, AI infrastructure: Starting an Upscale AI Networking Infrastructure landed $200 million Series A funding led by World Tiger, Premji Invest And Xora Innovation. The financing sets a valuation of more than $1 billion for the Santa Clara, Calif.-based company, founded less than two years ago.
7. (tied) Pre-response$150 million, online tutoring: Language learning marketplace Preply raised $150M in Series D funding led by Western Cape. The financing would peg a $1.2 billion valuation for the 14-year-old Brookline, Massachusetts-based company.
7. (tied) Inferact$150 million, AI inference: Inferact, a startup founded by the creators and maintainers of the open source LLM inference engine vLLM, announced its launch and $150 million in seed funding. Andreessen Horowitz And Lightspeed Venture Partners led the financing, which pegged a valuation of the company at $800 million.
7. (tied) Claroty$150 million, cybersecurity: Security vendor Claroty raised $150 million in Series F funding led by Growth of Golub. The 11-year-old company, founded in Israel and now based in New York, has raised nearly $900 million in equity funding to date, according to Crunchbase data.
10. Zanskar$115 million, geothermal energy: Salt Lake City-based Zanskar, a startup applying AI to geothermal exploration, raised $115 million in Series C funding led by Capital of Spring Lane and joined by a long list of new and existing investors.
Methodology
We tracked the largest rounds announced in the Crunchbase database that were raised by US-based companies for the period January 17-23. Although most announced rounds are represented in the database, there may be a slight lag as some rounds are reported late in the week.
Illustration: Dom Guzman
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