There may have been fewer nine-figure rounds this week, but the ones we had were huge. Energy centers and data centers appear to be on everyone’s mind at once – and this week’s list proves it.
1. X energyUSD 500 million, energy: Big raise this week from the nuclear reactor and fuel space. Rockville, Maryland-based X-energy raised roughly $500 million Series C-1, anchored by Amazon. The company develops advanced small modular nuclear reactors to provide clean energy. Amazon and X-energy are working together to bring greater than 5 gigawatts of latest energy projects online across the U.S. by 2039. Founded in 2009, the company has raised over $785 million, via Crunchbase.
2. Light matterUSD 400 million, data centers: Lightmatter, a startup that uses light to attach chips together and perform calculations for deep learning needed for artificial intelligence, closed a $400 million Series D led by a latest investor T. Rowe Price at a valuation of $4.4 billion. The latest round nearly quadruples its previous December valuation of $1.2 billion, following a $155 million raise led by G.V — which together with Fidelity Management and Research Co. also took part in the latest round. While Big Tech is investing tons of of billions of dollars in latest AI data centers, Lightmatter is trying to unravel the energy consumption and scalability problems with these latest centers. The company’s technology uses silicon photonics, which may speed up processes while using less energy. While the idea of using light in computing is not latest, creating components has long been a challenge. Founded in 2017, Lightmatter has raised $850 million for the company. Lightmatter’s wasn’t the only big raise this week by the photonics startup. Xscape Photonics — a New York-based startup that also uses photonics technology to handle the energy, efficiency and scalability challenges of AI data centers — raised a $44 million Series A fund led by: IAG Capital Partners with investments corresponding to Cisco investments AND Nvidia.
3. Splitero$300 million, fintech: Part of the great thing about being a homeowner is having equity in your house. Unfortunately, access to this capital can sometimes be burdensome. San Diego-based Splitero is offering homeowners an alternative choice, and this week the startup closed $300 million with a strategic investment from funds managed by The capital of Antarctica to proceed this mission. Splitero offers homeowners a lump sum of money in exchange for a portion of their home’s future value. Founded in 2021, the company has raised nearly $318 million, via Crunchbase.
4. Territory TherapeuticsUSD 120 million, biotechnology: Los Angeles-based Terray Therapeutics, a biotech startup developing small molecule therapeutics, raised $120 million in Series B led by a latest investor The capital of Bedford Ridge and current investor N-Adventures. Founded in 2018, the company has raised $200 million, via Crunchbase.
5. Path robotics$100 million, robotics: Path Robotics, a startup using artificial intelligence in robotic welding systems in the manufacturing industry, announced that it closed $100 million in latest investments last 12 months, led by Capital drive AND Matter enterprise partners. The Columbus, Ohio-based company currently offers two robotic welding products on the market, each using vision, artificial intelligence and machine learning to autonomously weld steel parts. Founded in 2018, Path has raised $170 million for the company.
6. ColanderUSD 74 million, service industry: Austin, Texas-based Skimmer, a software provider for pool services firms, raised $74 million in growth capital Mainsail Partners. Founded in 2014, the company has raised $79 million, via Crunchbase.
7. Decagon$65 million, artificial intelligence: San Francisco-based Decagon, a developer of AI customer support agents, has raised $65 million in Series B funding, led by: Bain’s capital ventures. Founded in 2023, Decagon has raised $100 million for the company.
8. Oshi’s health$60 million, health care: New York-based Oshi Health, a virtual gastrointestinal care startup, raised $60 million in Series C funding led by HC/FT oak. Founded in 2019, the company has raised nearly $120 million, via Crunchbase.
9. pigeon$50 million, energy: Denver-based Koloma, which identifies and commercializes geological hydrogen resources, has reportedly raised a $50 million Series B round led by Gas from Osaka AND Mitsubishi heavy industry. Founded in 2021, the company has raised over $386 million, via Crunchbase.
10. Galileo$45 million, artificial intelligence: Galileo, which provides enterprises with generative AI assessment and observability, has raised $45 million in Series B, led by: Scale enterprise partners. Founded in 2021, the San Francisco-based company has raised over $68 million, via Crunchbase.
Great global offers
The biggest deal of the week outside the United States got here from north of the border.
- Based in Montreal Block streamdeveloper of blockchain digital asset infrastructure, raised $210 million in convertible notes.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were raised by US-based firms over a seven-day period from October 12 to October 18. 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.