$1.6 Billion Deployed, Blue Water, Scout AI, Potato... The Stealth Wave Just Got Funded | Capital Movements Vol. 14
💰The state of deep tech capital: who’s raising, who’s betting, and why.
Welcome back to Deep Tech Capital Moments! Every week, we track funding rounds, new funds, and major strategic moves in deep tech
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Dear Friends,
This week, deep tech capital didn’t chase headlines. It redrew the map.
While no single raise grabbed the oxygen the way a mega-round might, the contours of capital flow spoke volumes. This wasn’t a week of hype—it was a week of posture. The kind of posture that reveals where the infrastructure of the future is quietly being laid.
In total, we tracked over 40 deals across North America, Europe, and Asia. But the real story wasn’t just how many—it was where and how. Beneath the surface, we saw deep tech capital do what it rarely does in the open: organize itself around necessity.
Seed-stage funding led the charge, with 14 rounds and +$130M in total, with the most significant raises clustered around dual-use technologies—a reflection of how investors are now prioritizing AI agents, robotics, and infrastructure that operates at the frontier of both commercial and defense applications. The seed stage is no longer just a playground for prototypes; it’s where system architectures are getting locked in.
At Series A, we tracked 9 deals, dominated by