The largest funding rounds this week confirmed that we are still in the era of artificial intelligence. This included the largest deal, a $350 million Series C for an artificial intelligence startup Mercoralong with significant funding for Legal Tech Unicorn Harveyshopping platform Whatnotand email security provider Sublime security.
1. Mercor$350 million, artificial intelligence employment: San Francisco-based Mercor, a provider of artificial intelligence hiring tools, has secured $350 million in Series C financing at a $10 billion valuation. Happy 1 led financing in which he participated, among others, Robinhood ventures, Generic catalytic converter AND Benchmark.
2. (sure) Savvy Money$225 million, fintech: SavvyMoney, which offers tools for financial services providers to embed features reminiscent of credit scoring and personalized offers into consumer offerings, announced a $225 million investment co-led by PSG shares AND Canapi ventures. Founded in 2009, the Dublin, California-based company currently works with greater than 1,500 financial institution clients.
2. (sure) Whatnot$225 million, e-commerce: Whatnot, a live shopping platform and marketplace, closed a $225 million Series F round, greater than doubling its valuation to $11.5 billion in lower than 10 months. Global summer time AND Capital G co-led the financing, which has brought the Los Angeles-based company’s total revenue to roughly $968 million since its inception in 2019.
4. (sure) Sublime security$150 million, cybersecurity: Sublime Security, a developer of agent-based AI email security tools, raised $150 million in a Series C round led by Georgian. This support will bring the six-year-old Washington-based company’s total funding to roughly $240 million annually. Harvey$150 million, legal technology: Harvey, the developer of an AI-powered platform for lawyers, raised a recent $150 million, bringing its total reported funding so far to $1 billion. Andreessen Horowitz led the latest round that reportedly valued the 3-year-old San Francisco-based company at $8 billion.
6. (sure) Human interestUSD 100 million, funds: Human Interest, a San Francisco-based startup that helps small businesses offer 401(k) plans to their employees, raised greater than $100 million at a $3 billion valuation. Axios reports. This valuation is up from the $1.3 billion it was last valued at in 2024. Previous investors Baillie Gifford, CzarnyRock, Marshall Wace, Morgan Stanley AND TPG supported the company again.
6. (sure) Subsoil$100 million, semiconductors: Substrate, a San Francisco-based startup trying to build semiconductor factories using recent laser technology, has raised $100 million from Founders Fund, Generic catalytic converter, IQT and others.
8. I saw the biographyUSD 80 million, biotechnology: Cambridge, Massachusetts-based Zag Bio, developer of thymus drugs, announced its public launch with $80 million in funding, including a recently closed Series A round. Polaris Partners founded and incubated a startup and co-led series A financing with the company JDRF T1D Fund.
9. ConductorOne$79 million, identity security: ConductorOne, an identity security startup building an artificial intelligence platform tailored to human, non-human and artificial intelligence identities, raised $79 million in Series B funding led by Greycroft. The four-year-old Portland, Oregon-based company says it saw a 400% increase in revenue last 12 months.
10. Plan$60 million, personal care: Blueprint, a Los Angeles-based brand offering supplements, skin and hair care products and foods that promote wellness and longevity, has raised $60 million from a long list of enterprise investors and celebrities, including Paris Hilton, Cameron Winklevoss, Tyler Winklevoss AND Logan Paul.
Methodology
In the Crunchbase database, we tracked the largest announced rounds that were raised by US corporations during the period October 25-31. While most announced rounds are represented in the database, there could also be a slight delay as some rounds are reported late in the week.