Deep Tech Capital Movements | Vol. 5
Weekly tracking of funding rounds, new funds, and strategic shifts in deep tech.
Welcome back to Deep Tech Capital Moments!
Every week, we curate the tracking of funding rounds, new funds, and major strategic moves in deep tech—helping you spot opportunities, monitor the competition, and stay ahead of the game
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Startups Funding Updates
🔸 Physical Intelligence Raises $400M for Robotics Foundation Models
San Francisco-based Physical Intelligence secured $400M to develop foundation AI models for robotics. The company, backed by Jeff Bezos, Thrive Capital, and Lux Capital, is building a generalist AI model that enables robots to perform complex physical tasks. The funding will drive research in dexterous manipulation and autonomous robotics.
Region: USA, San Francisco
Sector: AI, Robotics
🔸 UVIONIX Raises €3.4M to Transform Warehouse Automation with AI-Powered Drones
Bulgarian-founded UVIONIX secured €3.4M in seed funding to develop AI-powered autonomous drones for warehouse inventory management. The round was led by LAUNCHub Ventures, with participation from PortfoLion, Underline Ventures, and Robin Capital. The funding will support U-Vee, UVIONIX’s real-time digital twin platform for warehouses.
Region: Bulgaria, USA
Sector: Robotics, AI, Supply Chain Tech
🔸 XARlabs Secures $2.3M for High-Precision Mixed Reality in Surgery
XARlabs, a pioneer in mixed reality technology for surgery, raised $2.3M in a seed round led by technology executive and angel investor Eric Johnson, with participation from EKA Ventures. The company is developing high-precision visualization tools for the entire surgical lifecycle, improving accuracy and outcomes in medical procedures.
Region: USA
Sector: MedTech, Augmented Reality
🔸 Oso Semiconductor Secures $5.2M to Develop Phased Array Chipsets
Oso Semiconductor, a University of California, Berkeley spinout, raised $5.2M in seed funding to develop phased array chipsets for satellite communications, 5G, and radar systems. The round was led by Engine Ventures, with participation from Entrada Ventures, Berkeley SkyDeck, and J-Ventures. The funding will accelerate the development of beamforming chipsets for next-gen wireless applications.
Region: USA, Berkeley, CA
Sector: Semiconductors, Satellite Communications
🔸Mast Reforestation, raised $25M in Series B funding.
Mast Reforestation, a wildfire recovery and carbon sequestration startup, raised $25M in Series B funding. The round was co-led by new investor Pulse Fund and existing investor Social Capital, with participation from Seven Seven Six, Elemental Impact, and Spero Ventures. The company is developing a biomass burial solution to accelerate reforestation and monetize carbon credits.
Region: USA, Seattle
Sector: Waste Management, Carbon
🔸 Google-backed Boston quantum startup QuEra raises $230M debt round
QuEra Computing secured $230M in convertible debt financing from Google, SoftBank, and others to build a scalable quantum computer. The Boston-based startup is generating revenue through cloud services and hardware sales, aiming to lead the quantum computing race.
Region: USA, Boston
Sector: Quantum Computing, AI
🔸 Germitec Locks in $30M to Scale UV-C Disinfection Tech in the US
Germitec, a Bordeaux, France-based MedTech company, raised $30M in a funding round led by Eurazeo to expand its UV-C high-level disinfection technology in the U.S. market. The company aims to double its annual revenue by capitalizing on the growing demand for hospital sterilization solutions.
Region: USA, France
Sector: MedTech, UV-C Disinfection
🔸 Accure Battery Intelligence Raises $16M in Series B Funding
Accure Battery Intelligence, an Aachen, Germany-based AI-driven battery safety and performance company, secured $16M in Series B funding. The round was led by Incharge Capital Partners, with participation from BlueBear Capital, HSBC Asset Management, Riverstone Holdings, Capnamic, and 42CAP. The company plans to scale operations across Europe, the Americas, and the Asia-Pacific region.
Region: Germany
Sector: AI, Battery Technology
🔸 Terrain Biosciences Emerges from Stealth with $9M Seed Funding
Cambridge, MA-based Terrain Biosciences launched from stealth with $9M in seed funding to revolutionize RNA design and manufacturing. The startup, founded by Harvard and UC Berkeley researchers, leverages AI to accelerate the development of next-generation RNA-based therapies and vaccines. Investors include Magnetic Ventures, Bruker Corporation, and biotech leaders such as John Maraganore and Hans Bishop.
Region: USA, Cambridge, MA
Sector: AI, Biotech, RNA Therapeutics
🔸 QuSecure Banks $28M Series A for Post-Quantum Cryptography Tech
QuSecure, a Silicon Valley-based leader in post-quantum cryptography (PQC), closed an additional Series A funding round, bringing the total to $28M. The round was led by Two Bear Capital, with participation from Accenture Ventures. The company is expanding its quantum-resistant security solutions to government, financial, and critical infrastructure sectors.
Region: USA, Silicon Valley
Sector: Cybersecurity, Post-Quantum Cryptography
🔸 ACT-ion Raises $7.5M in Pre-Series A Round Led by BASF Venture Capital
ACT-ion Battery Technologies, a Dallas-based startup specializing in lithium-ion battery cathode active materials (CAM), secured $7.5M in a Pre-Series A round led by BASF Venture Capital. The company is developing a cost-effective and scalable process to produce high-performance CAMs for electric vehicles and energy storage solutions.
Region: USA, Dallas
Sector: Battery Technology, Advanced Manufacturing
🔸 Stellaromics Secures $80M to Advance 3D Spatial Biology
Stellaromics, a Stanford- and MIT-spun startup pioneering 3D spatial biology, closed an $80M Series B funding round led by Catalyst4, with participation from Stanford University Ventures. The funding will drive the development and commercialization of Pyxa, Stellaromics' next-generation 3D spatial biology platform aimed at transforming biomedical research and drug discovery.
Region: USA, Cambridge, MA
Sector: Biotech, 3D Spatial Biology
🔸 Modern Synthesis Lands $5.5M for Biomaterials Development
London-based biomaterials startup Modern Synthesis raised $5.5M in a Seed 2 round led by Extantia Capital, with support from Artesian and Collaborative Fund. The company, co-founded by former Adidas designer Jen Keane and synthetic biologist Dr. Ben Reeve, is developing sustainable nanocellulose-based materials for the fashion industry. The funding will scale production at its pilot facility and support collaborations, including a new partnership with Danish fashion brand GANNI.
Region: UK, London
Sector: Sustainable Fashion, Biomaterials
🔸 AI Chip Startup Positron Raises $23.5M Seed Round to Take on Nvidia
Positron, a Reno, NV-based AI chip startup specializing in AI inference technology, secured $23.5M in a seed funding round backed by Flume Ventures, Valor Equity Partners, Atreides Management, and Resilience Reserve. The company is developing energy-efficient AI computing hardware, positioning itself as a competitor to Nvidia in the AI acceleration market.
Region: USA, Reno, NV
Sector: AI, Semiconductor
🔸 Groq Secures $1.5B Commitment from Saudi Arabia to Fuel AI-Powered Economy
Groq, a U.S.-based AI chip leader, secured a $1.5B investment from Saudi Arabia to expand AI chip delivery and build a data center in Dammam. Backed by Cisco Investments, Samsung Catalyst Fund, and BlackRock, Groq specializes in ultra-fast AI inference chips and is powering Saudi Arabia’s Allam AI model, a key initiative in the country’s AI-driven economic transformation.
Region: USA, Saudi Arabia
Sector: AI, Semiconductor, Data Centers
🔸 Hidden Level Raises $65M for Drone Detection System
Hidden Level, a leader in passive radar and RF sensing technology for drone detection, raised $65M in a Series C round led by DFJ Growth, with participation from Booz Allen Ventures, Revolution Growth, Costanoa Ventures, Washington Harbour Partners, Veteran Ventures, and Founders Circle Capital. The funding will support the expansion of its real-time aerial surveillance solutions, aimed at securing airspace for government and commercial applications.
Region: USA, Syracuse, NY
Sector: Defense, Drone Security, AI-Powered Sensing
🔸 Spark e-Fuels Raises €2.3M to Build Pilot Plant
Spark e-Fuels, a German startup developing sustainable e-fuels, secured €2.3M ($2.37M) in a pre-seed financing round. The funding will support the construction of its pilot plant and the expansion of its team to accelerate technology development and commercialization.
Region: Germany
Sector: Renewable Energy, Sustainable Fuels
🔸 Agteria Biotech Raises €6M to Cut Methane Emissions from Cattle
Swedish startup Agteria Biotech raised €6M in Seed funding to advance its methane-reducing technology for cattle. The company’s patent-pending molecule has demonstrated high efficacy in reducing methane emissions, a major contributor to climate change. The round was led by Industrifonden and AgriZeroNZ, with participation from Norrsken Launcher and Mudcake.
Region: Sweden
Sector: Agritech, Climate Tech
🔸 Latent Labs Raises $50M to Develop New Proteins with AI
Latent Labs, an AI-driven biotech startup, launched with $50M in funding to develop AI-generated proteins for drug discovery. The round was co-led by Radical Ventures and Sofinnova Partners, with participation from AI experts including Google’s Jeff Dean and Cohere’s Aidan Gomez. The company, founded by ex-DeepMind researchers, aims to accelerate protein design using generative AI models.
Region: USA, San Francisco
Sector: AI, Biotech
🔸 Chestnut Carbon Raises $160M Series B to Scale Carbon Removal Projects
New York-based Chestnut Carbon, a nature-based carbon removal developer, secured $160M in Series B funding to expand its afforestation projects. The round was led by Canada Pension Plan Investment Board, with participation from Cloverlay, DBL Partners, and Kimmeridge. The company plans to sequester 100 million tons of carbon through large-scale forest restoration initiatives.
Region: USA, New York
Sector: Climate Tech, Carbon Removal
🔸 Mantle8 Raises €3.4M to Map Natural Hydrogen Using AI
French startup Mantle8 secured €3.4M in funding to advance its AI-driven technology for detecting underground hydrogen reserves. The round was led by Breakthrough Energy Ventures, with participation from Kiko Ventures. Mantle8’s predictive models and imaging technology aim to make natural hydrogen a cost-effective energy alternative.
Region: France
Sector: AI, Clean Energy, Hydrogen
🔸 ANSCER Robotics Bags $2M in Seed Funding for Autonomous Mobile Robots
Bengaluru-based ANSCER Robotics raised $2M in a seed round led by Info Edge Ventures to expand its autonomous mobile robot (AMR) lineup. The company provides AMRs for warehouse and factory automation, with deployments in India, the U.S., Singapore, and Japan. The funds will support product development and international expansion.
Region: India
Sector: Robotics, Industrial Automation
🔸 ThreatMate Raises $3.2M for AI-Powered Attack Surface Management
ThreatMate, a Delaware-based cybersecurity startup, secured $3.2M in seed funding to expand its AI-driven attack surface management platform for managed service providers (MSPs). The round was led by Top Down Ventures’ Founders Fund I, with participation from Blu Ventures and Runtime Ventures. The funding will support product development and go-to-market expansion.
Region: USA, Delaware
Sector: Cybersecurity, AI
🔸 Fyteko Secures €13M to Scale Sustainable Agriculture Solutions
Belgium-based Fyteko, an agritech startup specializing in biosolutions for climate-resilient crops, raised €13M in Series B funding. The round was led by Crédit Mutuel Impact, with participation from SFPIM, Supernova Invest, IMBC, and others. Fyteko’s patented biomolecules enhance drought resistance and improve crop yields while reducing reliance on chemical inputs.
Region: Belgium
Sector: Agritech, Sustainable Farming
🔸 Apptronik Raises $350M to Build Humanoid Robots with Google
Apptronik, an Austin-based humanoid robotics startup, secured a $350M Series A round co-led by B Capital and Capital Factory, with participation from Google. The funding will accelerate the development of Apollo, the company’s AI-powered humanoid robot designed for industrial work. Apptronik has previously partnered with NASA and Nvidia and is competing in the humanoid robotics space alongside Tesla and Figure.
Region: USA, Austin, TX
Sector: Robotics, AI
🔸 Abcuro Raises $200M Series C for Autoimmune and Cancer Therapies
Newton, MA-based biotech company Abcuro secured a $200M Series C round led by New Enterprise Associates, with participation from Foresite Capital, Bain Capital Life Sciences, and BlackRock. The funding will advance ulviprubart (ABC008), a first-in-class therapy for inclusion body myositis, into a Phase 2/3 clinical trial.
Region: USA, Newton, MA
Sector: Biotech, Autoimmune Therapies
🔸 K2 Space Secures $110M Series B for High-Power Satellite Platform
K2 Space, a Torrance, CA-based satellite platform developer, raised $110M in Series B funding co-led by Altimeter Capital and Lightspeed Venture Partners. The funding will support mass production of K2’s high-power, multi-orbit satellite platform, following the company’s first successful in-space demonstration.
Region: USA, Torrance, CA
Sector: Space Tech, Satellite Communications
Venture Capital Updates
🔹 Ulu Ventures Raises $208M for Fourth Seed-Stage Fund
Silicon Valley-based Ulu Ventures closed its $208M Fund IV, a 50% increase over its previous $138M fund. The firm, co-founded by former Google VP Miriam Rivera, maintains a data-driven, bias-free approach to investing in high-growth IT and internet companies. The new fund brings Ulu’s total assets under management to over $400M.
🔹 Founders Fund Nears $3B Close for Third Growth Fund
Founders Fund, the Peter Thiel-founded VC firm, is set to close a $3B growth fund by March. The oversubscribed fund will focus on late-stage investments, supporting high-profile portfolio companies such as SpaceX, Anduril, Stripe, and OpenAI. This follows the firm’s fully deployed $3.4B 2022 growth fund and restructuring of its early-stage capital.
🔹 Overlap Holdings Closes $33M Flagship Fund for Frontier Tech
New York-based Overlap Holdings raised $33M for its first fund, Overlap Holdings Flagship Fund 1 (OHF1). The fund will invest in early-stage startups (Seed to Series B) at the intersection of scientific innovation and hardware, including energy, life sciences, space, robotics, and semiconductors. Led by Wall Street veteran Justin Stevens, Overlap offers both equity and non-dilutive funding options to bridge capital gaps for deep tech startups.
🔹 Lever VC Secures $50M First Close for Agrifoodtech Fund II
Lever VC, a leading investor in sustainable food and agtech, announced a $50M first close for its second fund. The firm, which has tracked over 6,000 startups in the sector, will back companies in novel food ingredients, alternative proteins, and digital agriculture. Early investments from the fund include Gavan Technologies, Oobli, Flox AI, and HerdDogg.
🔹 Course Corrected VC Closes €63.9M First Round for Climate Tech Fund II
Sweden-based Course Corrected VC secured €63.9M (SEK 720M) in the first close of its second fund. The climate-focused VC firm will invest in early-stage companies developing decarbonization, energy efficiency, and carbon capture technologies. Backers include the European Investment Fund (EIF), Saminvest AB, and SEB Life & Pension.
🔹 Nina Capital Launches €50M Fund for Early-Stage Healthtech
Barcelona-based Nina Capital reached the first close of its €50M third fund, targeting pre-seed to Series A healthtech startups across Europe, North America, Israel, and Australia. The firm plans to invest in 25 startups, with 60% of the portfolio based in Europe. The fund will focus on AI-driven medical devices, digital health infrastructure, and automation solutions for healthcare.
🔹 European Climate Tech VC Targets €500M for Second Fund
A European-based climate tech venture firm is aiming to raise €500M for its second fund, focusing on early-stage investments in sustainable technologies. The firm plans to support startups in electrification, renewable energy, carbon capture, and climate-resilient solutions. The fund is expected to close later this year.
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