💸 $405M Robot Brains; $463M EV Anodes; $275M GPU Credit; $313M Gene Therapy; $230M Corporate Security; $100M Nuclear for AI | Capital Movements Vol. 32
The Week’s State of Deep Tech Capital: who’s Raising, who’s Betting, and why.
Welcome back to Deep Tech Capital Movements — the weekly report from The Scenarionist that highlights and analyzes capital dynamics in Deep Tech, from early-stage funding rounds to major fund launches.
✨ For more, see Membership | Exit | Deep Tech Briefing | Deep Tech Catalyst | Insights | Rumors | VC Guides
Dear Friends,
Here’s the tape this week: capital clustered around three pressure points—embodied AI, energy-for-AI, and regulated workflows—with outliers in fusion, space, and industrial security reminding us that deep tech’s demand signal is coming from buyers, not hype cycles.
If you’re looking for signal, it’s this—investors are paying for systems that remove scaling constraints. FieldAI’s $405M to build “robot brains” and Nuro’s $203M Series E are the clearest reads: autonomy is being re-underwritten as a software distribution problem across heterogeneous hardware, not a single-robot bet. Pair that with EdgeCortix’s Series B on energy-efficient edge silicon and Zed’s $32M for real-time, AI-native code collaboration, and you see the broader pattern—latency and reliability are the real moats. Upstage’s $45M bridge, TinyFish’s $47M, TensorZero’s $7.3M, and Zipline AI’s $7M round out the “operate-the-model” stack. Lesson for founders: your story is not “AI”—it’s the OPEX line you erase this quarter.
Compute and power moved from backdrop to protagonist. Lambda’s $275M facility shows credit is open for GPU infrastructure with repeatable utilization; Aalo’s $100M Series B to deliver nuclear power to AI data centers is a direct admission that electrons are the new platform risk. Group14’s $463M for silicon-carbon anodes sits on the same axis—higher energy density is compute capacity by another name. On the frontier, General Fusion’s $22M lifeline is a sober recalibration: capital remains available for physics, but milestones must collapse into system integration to stay financed.
Dual-use stayed busy and operational. Stark’s $62M for drones, Overhaul’s $105M plus the FreightVerify acquisition for supply chain security, and Ontic’s $230M Series C for corporate security intelligence all rhyme: telemetry + decisioning + accountability. In space and sensing, EDGX’s €2.3M to run AI on-orbit, Metro Weather’s ¥850M for Doppler LiDAR, Grid Aero’s $6M, and SpinLaunch’s $30M push processing closer to events and logistics closer to certainty. Loft Dynamics’ $24M to scale EASA-qualified VR flight training devices is the practical end: compliant simulators that pull cost and time out of pilot training.
Healthcare and bio showed a barbell of ambition and adjacency. Kriya’s $313M is among the largest biotech raises this year—nine programs, two in clinic—and signals that gene therapy balance sheets are back when the platform is paired with manufacturing and a regulatory plan. EliseAI’s $250M, Develop Health’s $14.3M, Wellth’s $36M, Twin Health’s $53M, and Convoke Bio’s $8.6M are all reimbursement-anchored theses: workflow plus evidence converts into durable revenue. IanTrek’s $42M toward a glaucoma procedure and restor3d’s partnership with Partners Group emphasize devices and personalization where payer logic is legible.
Industry and agrifood put up credible, brownfield-friendly moves. KnowledgeLake’s $65M for synthetic labor, Keychain’s $30M, and Garage’s $13.5M marketplace are procurement-native businesses. Better Meat Co.’s $31M for mycoprotein and Singrow’s financing point to ingredients and seeds—unit-economics-first wedges rather than brand-heavy moonshots. ChemFinity’s $7M for critical mineral recovery and Hades Mining’s €5.5M to modernize exploration slot neatly into the supply-chain security thesis. Dropla Tech’s €2.4M mine detection technology reminds us humanitarian use cases can also be proving grounds.
Capital formation accelerated with a climate and industrial tilt. Energize Capital’s $430M, BDC’s $200M fund, Clean Growth’s £49M, and Hatteras $200M expand the pool of category-specialist lead capital. Aymo Ventures’ €52M in Croatia is a marker for Central/Eastern Europe’s pipeline. Curewell’s $535M, Haven’s $375M, and Vanara’s launchwith TPG NEXT point to flexible capital for growth. BlackRock gearing up a venture secondaries vehicle is another structural shift—LPs want liquidity pathways without starving new formation. King’s College’s SPARK incubator adds capacity at the university-to-company interface.
Not everything is comfortable. Halo X’s AI glasses ($1M pre-seed) will stress two-party consent regimes and corporate device policies; the privacy surface is non-trivial. But the direction is consistent: ambient capture, on-device inference, and workflow prompts are moving toward the edge, and winners will be those who resolve trust and compliance first.
What’s Driving the Checks
Bottleneck killers beat features. Power (Aalo), accelerators (EdgeCortix/Axelera), materials (Group14), and logistics security (Overhaul/Ontic) remove system constraints and compress capex per unit performance.
Procurement-readiness wins. EASA-qualified simulators, payer-aligned workflows, item-level tracking—buyers don’t need to imagine value; they can issue a PO.
Capital stacks are getting smarter. Credit (Lambda), bridges (Upstage), co-invest (Partners Group/restor3d; AMD/Somite.ai), and tuck-in M&A (Overhaul) reduce dilution and smooth milestone risk.
Edge and on-orbit compute pull AI toward the event. EDGX, Metro Weather, Grid Aero, TinyFish/TensorZeroare all latency arguments wrapped in businesses.
Security is a secular budget. Corporate threat intelligence, cargo risk, and dual-use autonomy attract dollars that behave like recurring revenue in a higher-rate world.
Key Emerging Trends
Embodied AI standardization. FieldAI and Nuro point to platform layers abstracting robot variance; sim-to-real will be financed as infrastructure, not projects.
Energy is part of the AI stack. From silicon anodes to nuclear microreactors, “more compute” now means “more electrons.”
Healthcare AI goes workflow-first. Prior auth, adherence, scheduling, and digital twins with measurable outcomes clear faster than diagnostics.
Brownfield decarb and materials security. Fermentation, mineral recovery, and seed breeding that slot into existing OPEX beat greenfield bets.
Secondaries and flexible equity normalize. BlackRock’s vehicle and new platforms create liquidity without draining early-stage oxygen.
See you next Monday.
- Giulia
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Startup Deal Activities to Watch
🔸 FieldAI Raises Over $400M To Build Robot “Brains”
FieldAI secured $405 million at a $2 billion post-money valuation to develop “field foundation models” trained on the physical world. The company applies these models to third-party robots across construction, energy, and logistics, aiming at “dirty, dull, or dangerous” work. Backers include funds tied to Jeff Bezos and Nvidia, and the company positions its tech as enabling the future build-out of AI infrastructure.
Deal: Venture Round ($405M)
Region: California, United States (North America)
Industry: AI & Robotics
Sector: Robotics Intelligence / Autonomy Software
Tech: Foundation models for robotics (FFMs), generalizable robot control applied across platforms
🔸 Hades Mining Emerges from Stealth with €5.5M Pre-Seed
Hades Mining raised €5.5 million to modernize mineral discovery and extraction with AI and robotics. The company plans to build data pipelines and robotic exploration tools to cut costs and environmental impact. Capital supports team expansion and pilot projects.
Deal: Pre-Seed
Region: Europe
Industry: MiningTech
Sector: Exploration & Operations
Tech: Geospatial AI, Robotics, Autonomous Sensing
🔸 Grid Aero Raises $6M Seed to Build Autonomous Cargo Aircraft
Grid Aero raised $6 million from Calibrate and Ubiquity to develop long-range autonomous cargo aircraft. The company targets both defense logistics and commercial short-haul cargo. Funds will support aircraft development and early flight testing.
Deal: Seed
Region: United States, North America
Industry: Aerospace & Defense
Sector: Autonomous Cargo Aviation
Tech: Autonomy Stack, Modular Airframes
🔸 Kriya Therapeutics Raises $313M in New Series Financing
Gene therapy company Kriya Therapeutics disclosed $313 million in new equity financing via an SEC filing dated Aug. 15, 2025. FierceBiotech notes it’s among the year’s largest private biotech raises and follows Kriya’s $270 million Series C plus a $150 million extension in 2023. Kriya reports nine programs spanning neurology, metabolic disease, and ophthalmology, with two assets in the clinic.
Deal: New Series / Equity Financing ($313M)
Region: United States, North America
Industry: Biotechnology
Sector: Gene Therapy
Tech: Gene therapy R&D and manufacturing platform; pipeline across neurology, metabolic health, ophthalmology
🔸 The Better Meat Co. Raises $31M Series A to Scale Mycoprotein Ingredients
The Better Meat Co. secured $31 million to expand production of its mycoprotein ingredient, Rhiza, and deepen R&D partnerships with food companies. The funding supports scaling fermentation capacity and bringing more sustainable, animal-free protein into mainstream products. The company positions its ingredient as a high-protein, clean-label alternative for both CPG and foodservice applications.
Deal: Series A
Region: United States, North America
Industry: FoodTech
Sector: Alternative Protein Ingredients
Tech: Biomass Fermentation, Mycoprotein Processing
🔸 General Fusion Gets $22M Lifeline to Pursue Fusion Energy Milestones
General Fusion raised $22 million to extend runway while it works toward key performance targets for its magnetized target fusion approach. Proceeds help the company continue development and test campaigns as it restructures programs and timelines. Investors are backing a capital-efficient path to validate core physics and system integration.
Deal: Financing (Growth/Bridge)
Region: Canada, North America
Industry: Energy
Sector: Fusion Power
Tech: Magnetized Target Fusion, Pulsed Plasma Systems
🔸 Loft Dynamics Secures $24M Series B to Transform Pilot Training with VR
Loft Dynamics raised $24 million to scale its EASA-qualified virtual reality flight training devices for helicopter and eVTOL pilots. The company plans to expand manufacturing, add aircraft models, and grow its global simulator network. Operators aim to reduce costs and improve training outcomes with high-fidelity, compact VR systems.
Deal: Series B
Region: Switzerland, Europe
Industry: Aerospace & Training
Sector: Pilot Training & Simulation
Tech: VR Flight Simulators, Motion & Haptics, Real-Time Flight Models
🔸 Singrow Secures Funding to Expand Seed Breeding and Vertical Farming Beyond Asia
Singrow raised new capital to take its proprietary seed breeding and vertical farming platform into additional global markets. Funds will support commercialization of climate-resilient varieties and controlled-environment production. The company targets improved yields and flavor profiles while lowering resource intensity.
Deal: Growth Funding
Region: Singapore, Asia
Industry: AgTech
Sector: Seed Breeding & Controlled-Environment Agriculture
Tech: Molecular/Marker-Assisted Breeding, Vertical Farming Systems
🔸 Cropin Launches Regenerative Potato Farming Program in Europe
Cropin announced a regenerative agriculture initiative for European potato growers in partnership with value-chain stakeholders. The program leverages digital agronomy and remote sensing to track soil health, inputs, and outcomes. The aim is to improve yields, resilience, and sustainability metrics across participating farms.
Deal: Strategic Program / Partnership
Region: Europe
Industry: AgTech & Sustainability
Sector: Regenerative Agriculture
Tech: Farm Management Software, Satellite/IoT Analytics
🔸 Aalo Closes $100M Series B to Power AI Data Centers with Next-Gen Nuclear
Aalo raised $100 million to develop nuclear-powered energy solutions for AI data centers. The company plans to advance engineering, permitting, and customer deployments to deliver always-on, low-carbon power. The funding reflects rising demand for dedicated energy infrastructure aligned with hyperscale AI growth.
Deal: Series B
Region: United States, North America
Industry: Energy & Data Center Infrastructure
Sector: Clean Power for AI
Tech: Advanced Fission/Microreactor Concepts, Energy Integration
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🔸 Nuro Closes $203M Series E with Nvidia as Latest Investor
Autonomous delivery company Nuro closed a $203 million Series E round that includes Nvidia as a new backer. The raise supports commercialization and expansion of Nuro’s AI-first autonomous driving stack. The company continues to focus on safety, reliability, and partnerships to scale driverless delivery.
Deal: Series E
Region: United States, North America
Industry: Autonomous Vehicles
Sector: Last-Mile Robotics & Logistics
Tech: AV Perception & Planning, Edge AI, Simulation
🔸 Twin Health Raises $53M Series E at a $950M Valuation
Twin Health secured $53 million to expand its “digital twin”-based program for reversing metabolic disease. The round values the company at $950 million and supports clinical evidence generation and payer partnerships. Twin plans to broaden access across employer, health plan, and provider channels.
Deal: Series E
Region: United States, North America
Industry: Digital Health
Sector: Metabolic Care & Diabetes
Tech: Digital Twin Models, AI-Driven Care Plans
🔸 Lambda Secures $275M Credit Facility from Major Banks to Grow AI Infrastructure
Lambda obtained a $275 million syndicated senior secured credit facility led by J.P. Morgan with participation from Citi, MUFG, and Crédit Agricole. The capital will expand GPU data centers and server fleets to meet enterprise AI demand. The structure is designed to scale with the company’s growth trajectory.
Deal: Debt Financing
Region: United States, North America
Industry: AI Infrastructure
Sector: GPU Data Centers
Tech: NVIDIA Accelerator Clusters, Liquid-Cooled Racks
🔸 Cointel Raises $7.4M Strategic Round to Scale AI-Driven Crypto Education
Cointel raised $7.4 million in a strategic round led by Avalanche and Sugafam to grow its AI-native platform for crypto learning and trading support. Funds will go toward product, partnerships, and international expansion. The company positions itself at the intersection of education, intelligence, and trading workflows.
Deal: Strategic Round
Region: UAE (global footprint)
Industry: Crypto & AI
Sector: Trading Education & Insights
Tech: AI Assistants, Personalization, Risk/Scam Detection
🔸 Garage Raises $13.5M Series A to Modernize the Essential Equipment Marketplace
Garage secured $13.5 million to build a marketplace for equipment used across industries like construction, landscaping, and agriculture. The platform focuses on verified sellers, logistics, and financing to simplify procurement. Capital supports product development and market expansion.
Deal: Series A
Region: United States, North America
Industry: Commercial Equipment
Sector: Industrial & Commercial Equipment
Tech: Marketplace Infrastructure, Payments & Logistics
🔸 EdgeCortix Announces Initial Closing of Series B for Fabless Semiconductor Tech
EdgeCortix, focused on energy-efficient AI processing at the edge, completed the initial closing of its Series B with participation from Yanmar Ventures, Pacific Bays Capital, NTT Finance, SiC Power, and Aero X Ventures. The company says it has raised nearly $100 million cumulatively since December 2024 via equity plus sizable non-dilutive government awards, and highlights traction across robotics, industrial automation, defense, aerospace, and space. It plans to accelerate production of SAKURA-II co-processors and the next-gen SAKURA-X chiplet platform, targeting up to 2,000 TOPS per device.
Deal: Series B
Region: Japan
Industry: Semiconductors
Sector: Edge AI Accelerators
Tech: Energy-efficient AI co-processors (SAKURA-II), chiplet-based SAKURA-X (up to 2,000 TOPS), edge inference
🔸 Harvard Dropouts Plan “Always-On” AI Smart Glasses That Record Every Conversation
Two former Harvard students are launching Halo X, AI-enabled glasses that continuously listen, record, and transcribe conversations to surface real-time prompts to the wearer. The startup says it raised $1 million led by Pillar VC, targets a $249 price, and tethers the glasses to a phone app for compute. Privacy advocates warn the product lacks an external recording indicator and could run afoul of two-party consent laws; the company cites Soniox for transcription and uses Gemini and Perplexity as chatbot engines.
Deal: Pre-Seed Round
Region: United States, North America
Industry: Consumer Electronics, AI
Sector: Wearables / Smart Glasses
Tech: Always-on audio capture, speech-to-text (Soniox), AI assistants (Gemini, Perplexity), heads-up display
🔸 Zed Raises $32M Series B to Advance Collaborative AI Coding
Zed closed a $32 million Series B led by Sequoia to scale its collaborative, AI-powered code editor. The company plans to invest in real-time collaboration features and AI coding assistants. Zed targets individual developers and teams seeking faster iteration cycles.
Deal: Series B
Region: United States, North America
Industry: Developer Tools
Sector: AI-Assisted Coding
Tech: Real-Time Collaboration, Generative Code Assist
🔸 Overhaul Raises $105M and Acquires FreightVerify to Expand Supply Chain Protection
Overhaul raised $105 million to scale its cargo risk management platform and strengthen AI-driven capabilities. The company also acquired FreightVerify to add item-level tracking and inventory intelligence. Together, they aim to deliver end-to-end visibility and security across high-value shipments.
Deal: Series C + Acquisition
Region: United States (HQ) & Ireland, North America/Europe
Industry: Logistic
Sector: Supply Chain Risk & Visibility
Tech: Real-Time Telemetry, Predictive Analytics, Item-Level Tracking
🔸 Upstage Completes $45M Series B Bridge to Accelerate Enterprise AI Adoption
Upstage raised $45 million in a Series B bridge round to extend runway for its enterprise LLM stack, including the Solar family. The capital will fund model optimization, enhanced data security features, and go-to-market execution across regulated industries—backed by investors such as KDB, Amazon, and AMD. The company continues to target customers that need private-cloud and on-prem deployments, with a focus on production-ready deployments in high-stakes environments.
Deal: Series B Bridge
Region: South Korea (global)
Industry: AI Software
Sector: Enterprise LLM Platforms
Tech: Domain-Tuned LLMs, Retrieval-Augmented Generation, Guardrails
🔸 Convoke Bio Announces $8.6M Seed Fundraise to Build an AI Operating System for Biopharma
Convoke Bio raised $8.6 million in seed financing to develop its AI-native operating system for biopharma R&D and operations. The round—led by Kleiner Perkins and Dimension Capital—will fund product build-out, early customer deployments, and hiring. The company emphasizes modular tools to harmonize fragmented data and automate high-stakes workflows across the drug development lifecycle.
Region: United States, North America
Industry: Life Sciences Software
Sector: AI for Biopharma
Tech: Data Fabric, Workflow Orchestration, Foundation Models
🔸 IanTrek Secures $42M Series C to Advance an Alternative Glaucoma Surgery
IanTrek raised $42 million to bring a micro-invasive glaucoma surgery alternative toward launch. Funds support clinical studies, regulatory activities, and commercialization planning. The company targets improved outcomes with less tissue disruption versus conventional procedures.
Deal: Series C
Region: United States, North America
Industry: MedTech
Sector: Ophthalmology (Glaucoma)
Tech: Micro-Invasive Surgical Devices (MIGS)
🔸 Ontic Raises $230M Series C Led by KKR as Corporate Security Spend Rises
Ontic closed a $230 million financing to scale its connected security intelligence platform for enterprises. The company plans to invest in product, go-to-market, and international growth. The round underscores heightened demand for proactive, data-driven corporate security.
Deal: Series C
Region: United States, North America
Industry: SecurityTech
Sector: Corporate Security Intelligence
Tech: Sensor/Signal Integration, Threat Intelligence, AI Analytics
🔸 Wellth Raises $36M Series C as Health Plans Embrace Daily Care Motivation
Wellth raised $36 million to expand its platform that drives member adherence through behavioral science and incentives. The company will grow payer relationships and add condition programs. It emphasizes measurable improvements in medication adherence and care plan completion.
Deal: Series C
Region: United States, North America
Industry: Digital Health
Sector: Care Management & Adherence
Tech: Behavioral Economics, Mobile Engagement, Data Analytics
🔸 Axelera AI Targets €150M+ Raise to Compete in Europe’s AI Chip Race
Axelera AI is pursuing a €150M+ round to scale production and commercialization of its edge AI inference platform. The company plans to expand across industrial, retail, and smart vision applications. Europe’s chip sovereignty push provides tailwinds for local AI silicon champions.
Deal: Growth Financing (In Market)
Region: Netherlands/Europe
Industry: Semiconductors
Sector: Edge AI Inference
Tech: AI Accelerators, Software Stack & Tooling
🔸 Stark Raises $62M to Build Weaponized Drone Systems
Defense startup Stark raised $62 million to develop and field AI-enabled weaponized drones. The company will use the funds to scale manufacturing and secure defense contracts. Investors back a rapid development cycle aligned to evolving battlefield requirements.
Deal: Series A/B (Early Growth)
Region: Europe
Industry: DefenseTech
Sector: Unmanned Aerial Systems
Tech: Autonomous Guidance, ISR/Strike Payload Integration
🔸 EDGX Raises €2.3M to Bring Edge Computing to Space
Belgian startup EDGX closed €2.3 million to commercialize an on-orbit AI edge computer. The company targets real-time processing for EO, defense, and communications payloads. Early traction includes contracts and an in-orbit demo roadmap.
Deal: Seed
Region: Belgium, Europe
Industry: SpaceTech
Sector: On-Orbit Edge Compute
Tech: Radiation-Tolerant AI Computers, Space Software Stack
🔸 SpinLaunch Raises $30M for Meridian Space LEO Constellation
SpinLaunch secured $30 million to accelerate the Meridian Space constellation effort. Funding will be used for spacecraft development and early manufacturing. The program complements the company’s alternative launch innovations.
Deal: Growth Funding
Region: United States, North America
Industry: Space
Sector: LEO Constellations
Tech: Satellite Bus & Payloads, Manufacturing
🔸 Develop Health Raises $14.3M to Automate Prior Authorization with GenAI
Develop Health raised $14.3 million to streamline prior authorization and medication access. The platform integrates with EHRs and payer systems to automate workflows and reduce denials. The company will expand engineering and payer partnerships to scale nationwide.
Deal: Seed/Series A (Early Growth)
Region: United States, North America
Industry: HealthTech
Sector: Utilization Management Automation
Tech: Generative AI, Interoperability, Workflow Orchestration
🔸 KnowledgeLake Raises $65M to Bring AI-Native “Synthetic Labor” to Mid-Market and Agencies
KnowledgeLake secured $65 million in a majority growth investment led by Edison Partners. The company offers an AI agent and RPA-powered platform that automates document-centric work. Funds will support product advances and expansion among midsized enterprises and government customers.
Deal: Growth Investment
Region: United States, North America
Industry: Enterprise Software
Sector: Intelligent Document Automation
Tech: AI Agents, RPA, Cloud Content Services
🔸 United Airlines Ventures Invests in Supersonic Engine Developer Astro Mechanica
United Airlines Ventures made a strategic investment in Astro Mechanica to support supersonic propulsion R&D. The partnership explores technologies that could enable faster, efficient long-haul travel. Proceeds will be used for engine development milestones and testing.
Deal: Strategic Investment
Region: United States, North America
Industry: Aerospace
Sector: Propulsion Systems
Tech: Supersonic/Turbomachinery R&D
🔸 Somite.ai Receives Strategic Investment from AMD Ventures
Somite.ai announced a strategic investment from AMD Ventures to accelerate foundation models for cell therapy. The collaboration emphasizes compute scaling and model optimization for biology use cases. Funds support team growth and platform development for biopharma partners.
Deal: Strategic Investment
Region: United States, North America
Industry: Bio+AI
Sector: Cell Therapy Design
Tech: Foundation Models, High-Performance Computing
🔸 Palladio AI Raises Undisclosed Funding from Griffin Gaming Partners
Palladio AI announced its launch with an investment from Griffin Gaming Partners to build a decision-intelligence platform for product-led teams, starting with mobile games. The platform aims to surface early signals around acquisition, retention, and monetization so teams can act before momentum is lost—without trawling through dashboards. The company is in closed beta, is hiring across ML, data, and engineering, and is based in San Francisco.
Deal: Seed (Undisclosed)
Region: United States, North America
Industry: GameTech & Analytics
Sector: Product Decision Intelligence for Games
Tech: ML-driven change detection, cohort/monetization analytics, proactive alerts & workflow integration
🔸 EliseAI Raises $250M to Expand in Healthcare, in a16z-Led Round
EliseAI raised $250 million to expand its AI assistant platform into healthcare while continuing growth in property management. Capital will fund product, compliance, and go-to-market for clinical and administrative use cases. The company highlights opportunities in patient communications and scheduling.
Deal: Growth Round
Region: United States, North America
Industry: AI Software
Sector: Patient Engagement & Operations
Tech: Conversational AI, Scheduling & Triage
🔸 Group14 Lands $463M from SK, Porsche and Others to Scale Silicon Anodes
Group14 raised $463 million to scale production of silicon-carbon anode materials for EV batteries. The financing supports factory expansion and customer qualification. Automakers and materials partners view silicon anodes as a pathway to higher energy density.
Deal: Series D
Region: United States & South Korea, North America/Asia
Industry: Energy Storage
Sector: EV Battery Materials
Tech: Silicon-Carbon Anodes, Battery Materials Manufacturing
🔸 Quantinuum Eyes $10B Valuation in New Fundraising Talks
Quantinuum is in discussions to raise new capital at or near a $10 billion valuation. The company continues to advance trapped-ion hardware and quantum software offerings. Proceeds would fund roadmap execution and scale global operations.
Deal: Fundraising in Process (Target Valuation)
Region: United States/United Kingdom
Industry: Quantum Computing
Sector: Hardware & Software Stack
Tech: Trapped-Ion Qubits, Error Mitigation, Quantum SDKs
🔸 TinyFish Raises $47M Series A Led by ICONIQ for Enterprise Web Agents
TinyFish secured $47 million to scale its platform for building AI-powered web agents that automate complex online workflows. The company will invest in product and go-to-market, initially targeting retail and travel. Investors cite early proof points with large-scale pilot customers.
Deal: Series A
Region: United States, North America
Industry: AI Software
Sector: Agentic Automation
Tech: Autonomous Web Agents, Deterministic Execution
🔸 restor3d Announces Strategic Investment Partnership with Partners Group
restor3d entered a strategic partnership with Partners Group to accelerate personalized orthopedic solutions. Funding supports manufacturing scale-up and portfolio expansion in patient-specific implants. The collaboration focuses on operational excellence and global growth.
Deal: Strategic Investment
Region: United States, North America
Industry: MedTech
Sector: Orthopedics & 3D Printing
Tech: Patient-Specific Implants, Additive Manufacturing
🔸 OSW Secures $5.5M from Shanghai’s SparkEdge Capital
OSW raised $5.5 million to advance its product roadmap and market entry. The company will use the capital for hiring and commercialization. The partnership with SparkEdge also opens access to strategic customers in Asia.
Deal: Seed/Growth
Region: Asia (China-linked investment)
Industry: Industrial/Tech (Startup Platform)
Sector: Product Commercialization
Tech: Platform Development (Undisclosed Focus)
🔸 Keychain Raises $30M Series B; Launches AI-Powered OS for CPG
Keychain raised $30 million and unveiled an OS that helps CPGs manage data, suppliers, and new product development. The platform aims to cut cycle times and improve resilience. Capital will fund product expansion and enterprise sales.
Deal: Series B
Region: United States, North America
Industry: CPG Tech
Sector: Supply Chain & Product Lifecycle
Tech: Data Integration, AI Insights, Workflow Tools
🔸 Zipline AI Raises $7M to Build Infrastructure for AI Applications
Zipline AI raised $7 million to commercialize a data platform based on open-source Chronon technology. The product accelerates offline-to-online feature workflows for AI teams. Investors include Wing VC and strategic angels from leading tech companies.
Deal: Seed
Region: United States, North America
Industry: Data & AI Infrastructure
Sector: Feature/Data Platforms
Tech: Data Pipelines, Feature Stores, Observability
🔸 TensorZero Raises $7.3M Seed to Build an Open-Source Stack for Industrial-Grade LLM Apps
TensorZero closed a $7.3 million seed round led by FirstMark with participation from Bessemer, Bedrock, DRW, and Coalition. The company unifies LLM gateway, observability, optimization, evaluation, and experimentation in one stack. Funding accelerates the open-source roadmap and community growth.
Deal: Seed
Region: United States, North America
Industry: Developer Tools & MLOps
Sector: LLM Infrastructure
Tech: LLM Gateway, Telemetry, Eval/Optimization
🔸 BetterPic Raises $2.5M to Scale AI Portraits and Fashion Imaging
BetterPic raised $2.5 million to expand B2B subscriptions and develop AI-based photo models for fashion. The company reports over 32 million images created across consumer and enterprise use. Funds support product R&D and market expansion.
Deal: Seed
Region: Estonia, Europe
Industry: AI Imaging
Sector: Portrait & Fashion Content
Tech: Generative Imaging, Studio Simulation
🔸 CVector Raises $1.5M Pre-Seed to Launch the Data Backbone for Industrial AI
CVector raised $1.5 million, led by Schematic Ventures, to connect machine data with external signals for real-time optimization. The platform supports edge-to-cloud analytics for complex operations. Proceeds fund team expansion and early deployments.
Deal: Pre-Seed
Region: United States, North America
Industry: Industrial AI
Sector: Data Infrastructure & Optimization
Tech: Edge Data Pipelines, Hybrid Physics-Informed Models
🔸 SugaROx Raises £1M in Funding to Advance Crop Biostimulants
SugaROx closed £1 million in seed extension funding to continue product development and field validation. Investors include The Mosaic Company, UK Innovation & Science Seed Fund, and Regenerate Ventures. The company focuses on boosting productivity and resilience in cereal crops.
Deal: Seed (Extension)
Region: United Kingdom, Europe
Industry: AgTech
Sector: Biostimulants
Tech: Crop Physiology Interventions, Field Trial Analytics
🔸 Fifty Energy Raises €1.4M to Advance Clean Energy Tech
Sweden’s Fifty Energy secured €1.4 million with backing from Fortum Innovation & Venturing. The company will use funds to build out its product and expand pilots. The raise supports Europe’s broader transition toward cleaner energy systems.
Deal: Seed
Region: Sweden, Europe
Industry: ClimateTech
Sector: Clean Energy Solutions
Tech: Energy Systems (Undisclosed), Hardware/Software Integration
🔸 Qunova Closes $10M Series A to Advance Quantum Tech
Qunova raised $10 million to develop quantum technologies and expand its research and product teams. Proceeds will support hardware/software integration and early customer pilots. The round positions the company for its next technical milestones.
Deal: Series A
Region: United States, North America
Industry: Quantum Technology
Sector: Hardware/Software Integration
Tech: Quantum Algorithms, Control Systems
🔸 Nullspace Raises $2.5M Seed to Enable RF & Quantum Applications
Nullspace’s seed funding will accelerate product development and commercialization across aerospace, defense, and quantum computing markets. Investors underscore the team’s deep physics expertise and market need. The company plans to expand its toolset for complex EM design problems.
Deal: Seed
Region: United States, North America
Industry: Deep Tech Software
Sector: RF/Quantum Simulation
Tech: EM Solvers, Large Ion-Trap Analysis
🔸 Innerworks Secures €3.7M Seed to Combat AI-Driven Fraud
Innerworks raised €3.7 million led by AlbionVC to scale its synthetic threat intelligence platform. The company targets AI-powered deception and account takeover across financial services and digital platforms. Capital will fund R&D, hiring, and go-to-market.
Deal: Seed
Region: United Kingdom, Europe
Industry: Cybersecurity
Sector: Fraud & Bot Defense
Tech: Device Signals, Behavioral Analytics, Adversarial Red-Teaming
🔸 ChemFinity Raises $7M Seed to Scale Low-Cost Critical Mineral Recovery
ChemFinity closed a $7 million seed co-led by At One Ventures and Overture Ventures to commercialize sorbent-based mineral recovery from complex waste streams. The technology targets >20 critical minerals with high selectivity. Proceeds support pilots and manufacturing scale-up.
Deal: Seed
Region: United States, North America
Industry: ClimateTech & Materials
Sector: Critical Minerals Recovery
Tech: Advanced Sorbents, Process Intensification
🔸 Hyperbeat Secures $5.2M Seed Led by Ether.Fi and Electric Capital
Hyperbeat raised $5.2 million to build infrastructure serving decentralized and AI-driven applications. The company will allocate funds to core protocol development and ecosystem partnerships. The round includes leading crypto and infrastructure investors.
Deal: Seed
Region: Global (crypto)
Industry: Web3 / Infrastructure
Sector: Decentralized Compute/Services
Tech: Protocol Engineering, Network Services
🔸 LO:TECH Secures $5M Seed for On-Chain Capital Markets Infrastructure
LO:TECH raised $5 million led by 13books Capital to build high-frequency trading infrastructure across centralized, decentralized, and traditional venues. The company is targeting deterministic latency and transparent execution across fragmented liquidity. Funds support engineering, market expansion, and institutional relationships.
Deal: Seed
Region: United Kingdom, Europe
Industry: FinTech & Crypto
Sector: Market Infrastructure
Tech: Low-Latency Systems, Smart Order Routing, Real-Time Analytics
🔸 Cascala Health Raises $8.6M Seed for Post-Acute Clinical Intelligence
Cascala Health raised $8.6 million to build an AI platform that surfaces risk and coordinates care in post-acute settings. The company will integrate with EHRs and care teams to reduce readmissions and improve outcomes. Funding goes to product, clinical validation, and commercialization.
Deal: Seed
Region: United States, North America
Industry: HealthTech
Sector: Post-Acute & Care Transitions
Tech: Predictive Analytics, Interoperability, Workflow Tools
🔸 Dropla Tech Raises €2.4M to Develop AI Mine Detection Technology
Dropla Tech secured €2.4 million to build AI-enabled systems for detecting landmines and unexploded ordnance. Funding will support R&D, field testing, and partnerships with demining organizations. The solution aims to improve safety and speed in humanitarian demining.
Deal: Seed
Region: Denmark/Ukraine, Europe
Industry: DefenseTech & Safety
Sector: Humanitarian Demining
Tech: Computer Vision, Sensor Fusion, Edge AI
🔸 Metro Weather Raises $5.7M Pre-Series B to Advance Doppler LiDAR
Japan’s Metro Weather raised about USD $5.7 million (¥850M) to continue development of Doppler LiDAR for real-time wind observation. The company will accelerate commercialization across defense and civilian applications. New and existing corporate investors participated in the round.
Deal: Pre-Series B
Region: Japan, Asia
Industry: Sensing & WeatherTech
Sector: Wind Measurement & Object Detection
Tech: Infrared Doppler LiDAR, Visualization Software
Venture Capital & Fund Activities to Watch
🔹 $200M BDC Industrial Innovation Venture Fund II Targets Canada’s Productivity Gap
BDC launched its second Industrial Innovation Venture Fund (I2VF II), a $200 million vehicle backing early-stage companies in advanced manufacturing, automation, applied AI, and industrial software. Building on a 2019 predecessor, the fund broadens its scope to include critical minerals alongside ag- and food-tech and extractive industries. BDC highlights measurable productivity wins from Fund I and frames Fund II as a lever to address Canada’s industrial efficiency and resilience.
🔹 Curewell Capital Raises $535M for Debut Healthcare Fund
Curewell Capital closed its inaugural private equity fund at a hard cap of $535 million in a single close completed in under five months. The firm plans control and partnership investments in founder- and management-owned U.S. healthcare businesses across services, technologies, and medical devices. LPs include a mix of endowments, foundations, pensions, insurers, consultants, family offices, and industry executives.
🔹 BlackRock Prepares Venture Secondaries Fund as Market Activity Rises
BlackRock is setting up a dedicated venture secondaries fund to buy stakes in VC portfolios, extending its broader private-markets expansion. Reporting indicates the vehicle will be overseen by senior secondaries executives and aligns with the firm’s target to raise hundreds of billions for private markets by 2030. The launch comes amid accelerating secondaries volumes and growing interest in venture LP-stake trades.
🔹 Veteran Ventures Capital Closes Oversubscribed $60M Fund II
Veteran Ventures Capital closed its second fund at $60 million—triple its debut fund—amid strong demand for dual-use national-security technologies. Portfolio companies across the firm’s two funds have already secured more than $250 million in non-dilutive government funding. The strategy concentrates on aerospace, counter-UAS, autonomy, quantum sensing, robotics, edge computing, AI/ML, and cyber from a base near the DoD in McLean, VA.
🔹 Sequoia Financial Group to Acquire The Martin Worley Group
Sequoia Financial Group agreed to acquire Utah-based The Martin Worley Group (MWG), adding a team of eight serving HNW families, entrepreneurs, foundations, and trusts. MWG reported $430 million in AUM as of June 30, 2025; Sequoia managed $27.6 billion across 32 U.S. offices. Post-close (expected Aug. 31), MWG’s partners will become equity owners at Sequoia, supporting the firm’s national expansion.
🔹 Aymo Ventures Raises €52M Across Two Funds
Croatia’s Aymo Ventures completed a first close totaling €52 million for two vehicles: an Accelerator Fund (pre-seed/seed tickets of ~€50k–€300k) and a Growth Fund (from ~€1m+). The funds are focused primarily on the Croatian ecosystem while remaining open to neighboring markets, with EIF participation reported among LPs. The twin-fund approach allows Aymo to cover both early-stage formation and later-stage scaling needs in the region.
🔹 King’s College, Cambridge Launches First-Ever Startup Incubator
King’s College is rolling out its first incubator, SPARK, with an inaugural cohort of 24 startups receiving mentorship, venture-building support, and practical training. The four-week program—run by King’s Entrepreneurship Lab with Founders at the University of Cambridge—culminates in a demo day where participants can pitch for a £20,000 investment. Focus areas span AI, agtech, and deep science, reflecting Cambridge’s push to double its tech and science output over the next decade.
🔹 Clean Growth Fund Hits £49M First Close for Fund II
Clean Growth Fund secured £49 million toward a £150 million target for its second climate-tech fund, backing early-stage solutions for the net-zero transition. Returning and new LPs include UK local government pension schemes such as Strathclyde, Islington, and East Riding. Fund II plans £0.5m–£5m checks across power and energy systems, transport, industrial decarbonization, buildings, agrifood, and circular economy.
🔹 Vanara Capital Launches With TPG NEXT as Anchor
Vanara Capital, founded by former TPG investors Neil Kamath and Hayden Lekacz, launched to provide flexible equity solutions for growth-stage technology companies. TPG NEXT is serving as a significant anchor investor and strategic partner, giving Vanara access to TPG’s platform and network. The firm targets bespoke structures that help founders navigate key inflection points in scaling.
🔹 Haven Capital Partners Closes Inaugural Fund at $375M
New York–based Haven Capital Partners closed its debut fund with $375 million in commitments to provide structured, flexible capital to lower-middle-market businesses. Sector priorities include tech services, healthcare, and education. The LP base features public pensions, asset managers, family offices, and entrepreneurs.
🔹 Energize Capital Raises $430M for New Climate-Tech VC Fund
Energize Capital collected $430 million for a new venture fund targeting early-stage companies in batteries, grid software, and other energy-transition enablers. The raise lifts AUM to $1.8+ billion as the firm positions around AI-driven electricity demand and U.S. reshoring trends. Early investments include Tyba (battery optimization software), Archive Resale (circular commerce), and Nira (grid software), with backers including WEX Venture Capital, GE Vernova, Builders Vision, and UBS.
🔹 Hatteras Venture Partners Tops $200M Across Two Healthcare Funds
Durham-based Hatteras closed HVP VII and Hatteras Opportunity Fund I with combined commitments exceeding $200 million, marking the firm’s 25th anniversary. Hatteras now manages $900M+ across seven funds, focusing on seed and early-stage biotech, medical devices, and healthtech. The closings land amid a slower fundraising backdrop, enabling Hatteras to keep supporting promising early-stage rounds and follow-ons.