Regular readers know that this is normally a list of the top 10 rounds of the week. However, this week is a little different – mainly because of the elections.
Very few corporations announced funding rounds this week, and those who did were smaller – except, of course Physical intelligenceit’s huge. Many startups clearly didn’t want news of their funding to be overshadowed by the presidential election. So as a substitute of making a top 10 list, we’ll use the top five.
1. Physical intelligence$400 million, robotics: Physical Intelligence, a startup that develops brains for a wide selection of robots, raised a $400 million round at a $2 billion valuation led by Jeff Bezos, Capital Lux AND Develop capital, based on The New York Times.. The San Francisco-based company has raised a $70 million seed round at a valuation of roughly $400 million in March. Physical Intelligence is the latest startup seeking to use artificial intelligence to enhance robot performance and create core software that will be used across different robot models, somewhat than having to create separate operating software for each individual model. Investors have already placed big bets on the intersection of robotics and its AI-enhanced underlying software – especially Bezos. In February in Sunnyvale, California Characterwhich is developing AI-enhanced robots that it hopes will have the ability to perform hazardous jobs and alleviate labor shortages, has raised a massive $675 million round at a pre-seed valuation of around $2 billion. This round included investments from NvidiaBezos Browse investments and others. In July in Pittsburgh Skillful artificial intelligence — also developing brain models that will be used in a variety of robots and for a variety of tasks — raised $300 million in Series A, led by Coat, Partners of the Lightspeed venture, SoftBank Group and Bezos, through his Bezos expeditions. The funds valued the company at $1.5 billion. Overall, it was a good 12 months for robotics startups that received funding.
2. Precision neuroscience$93 million, neuroscience: New York-based Precision Neuroscience, a developer specializing in brain-computer interfaces, has raised $93 million in Series C funding for reports from medical information web sites citing financial data. Investors weren’t named. Founded in 2021, the company raised $146 million, via Crunchbase.
3. Boost Bio$50 million, biotechnology: Ohio-based drug development company AmplifyBio has received a $50 million investment — with the ability to scale to $65 million — from Vitrian for a latest manufacturing center in New Albany, Ohio. Founded in 2021, the company has raised nearly $330 million, via Crunchbase.
4. Medical Inquis$40 million, treatment: Menlo Park, Calif.-based Inquis Medical, a medical technology company specializing in thrombectomy systems, has locked down a $40 million Series B venture led by Marshall Wace. Founded in 2020, this is the first round with a disclosed amount, via Crunchbase.
5. PrognomiQ$34 million, health care: San Mateo, California-based PrognomiQ, a healthcare company developing tests for cancer and other complex diseases, announced a $34 million Series D round led by Clairvoyant. Founded in 2020, PrognomiQ says it has raised over $135 million.
Great global offers
There were two large $100 million rounds outside the US this week.
- Based in China Deep routewhich develops autonomous driving technology, raised $100 million in Series C funding.
- based in Great Britain CrytocoinMinercloud cryptocurrency mining platform raised a $100 million venture round.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were reported by U.S.-based corporations over a seven-day period from November 2-8. Although most announced rounds are represented in the database, there could also be a slight delay as some rounds are reported late in the week.