This March actually hasn’t been a slam dunk, as seven rounds have reached $100 million or more in the last week. While there weren’t as big rounds as last week, the money was once again spread among artificial intelligence, biotech, marketing and more. We will see whether April will give you the option to proceed the trend of an increasing number of huge price hikes.
1. Celestial Artificial IntelligenceUSD 175 million, semiconductors: Optical interconnect startup Celestial AI raises whopping $175 million led by Series C Thomas Tull‘S American Fund for Innovative Technologies. With the explosion of generative AI, the availability of computing power and memory capability are becoming increasingly limited, and the combination of computing power and memory is causing each to grow concurrently. However, Celestial’s photonic fabric platform helps decouple processing power from memory, making extensive AI processing faster and more energy-efficient. Just last June, Santa Clara, California-based Celestial raised $100 million in Series B financing led by IAG Capital Partners, Koch’s breakthrough technologies AND Temasek‘S Xora innovation fund. Founded in 2020, the company has raised nearly $339 million, (*10*)on Crunchbase. It’s been a busy few weeks in the semiconductor industry as investors have flocked to the sector knowing its importance in the booming artificial intelligence industry. At the starting of March, shares Astera’s laboratory — a developer of knowledge center connectivity technology with use cases in generative artificial intelligence — has skyrocketed following its initial public offering on the platform Nasdaq. Since then, the company’s shares have remained well above the IPO price.
2. Avenzo therapy$150 million, biotechnology: Oncology startup Avenzo Therapeutics closed the biggest biotech raise of the week, closing $150 million in Series A-1 financing led by Deep Path Capital, New employees of the company, Sands Capital Ventures AND Sofinnova investments. Since its founding in August 2022, the San Diego-based company has now raised $347 million, in response to the company. The startup plans to make use of the latest revenue to expand its emerging oncology program, which incorporates treating metastatic breast cancer and other advanced solid tumors.
3. (sure) Brandtech Group$115 million, marketing: It looks as if every week there’s a big funding round involving the intersection of AI and some latest sector. This week’s theme will probably be marketing as New York-based The Brandtech Group, an artificial intelligence marketing company, has secured $115 million in Series C funding. No anchor investor was named, but yes reported the money got here from latest investors – Fimalac Group AND Nendo Laboratories — and existing investors Mousse Partners AND Bańska Group. The company uses machine-generated content and artificial intelligence to support marketing initiatives. Founded in 2015, the company has raised $725 million, on Crunchbase.
3. (sure) ObserveUSD 115 million, data integration: Every company desires to know about their data and about the cloud solution that gives observability. This week, Observe raised a large round to assist with this effort. A startup that helps corporations manage data by breaking down silos and making it useful raised $115 million in Series B funding at reported valuation this week at $400-500 million. He led the round Sutter Hill’s ventures. Snowflake ventures he also invested with others. Founded in 2017, the San Mateo, California-based company has raised $277 million on Crunchbase.
5. (sure) What ro$100 million, cybersecurity: In the last yr or so, the financial situation in cybersecurity hasn’t been great as investors have pulled out and IT budgets have been cut. However, some startups proceed to step up. For example, New York-based Coro, a cybersecurity platform built specifically for small and medium-sized businesses, announced a $100 million Series D round led by One peak. Founded in 2014, Coro raised $255 million, on Crunchbase.
5. (sure) FundGuardUSD 100 million, accounting: Artificial intelligence is revolutionizing most industries, and financial services is actually no exception. To this point, New York-based FundGuard, an AI-powered investment accounting platform for asset managers, has raised a latest $100 million round led by Key 1 Capital and latest investors incl Euclid’s capital and funds managed by Hamilton Lane. The company didn’t disclose the valuation, but it was there reported the round was raised to a valuation of $400 million. Founded in 2018, FundGuard has raised over $150 million for the company. FundGuard leverages the power of artificial intelligence to streamline investment accounting operations and workflows. The startup, which has offices in New York, Boston, London, Toronto and Tel Aviv, plans to make use of the latest money for ongoing investments in product innovation and customer acquisition.
5. (sure) Light Shift Energy$100 million, energy: Arlington, Virginia-based Lightshift Energy, formerly often called Delorean Power, has blocked $100 million from Greenbacker Group. Lightshift is a company developing industrial-scale energy storage and plans to make use of the money injection for its U.S. utility, utility and large corporate customer projects. Founded in 2019, the company has raised over $121 million, on Crunchbase.
8. (sure) Eliyan$60 million, semiconductors: Santa Clara, California-based Eliyan, a chiplet interconnect developer, raised a $60 million round co-led by: Samsung Catalyst Fund AND Global Tiger Management. Founded in 2021, this is the company’s first announced round, on Crunchbase.
8. (sure) Hey, Gen$60 million, artificial intelligence: Los Angeles-based HeyGen, an AI video platform, supposedly raised a $60 million funding round led by Benchmark at a post-money valuation of $500 million. Founded in 2020, the company raised $69 million, on Crunchbase.
10. In the sea$58 million, health care: New York-based Pelago, a substance use management platform, announced a $58 million round led by: Atomic. Founded in 2017, Pelago has raised $151 million for the company.
Great global offers
Despite the number of huge rounds in the country, the largest got here from across the Pacific.
- Based in China The power of Huakongprovider of energy conservation and intelligent control services, raised over $692 million.
Methodology
We tracked the largest announced rounds reported by U.S.-based corporations over the seven-day period from March 23 to March 29 in the Crunchbase database. 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.