It’s no surprise that the company is at the top of this list – the $6.6 billion raise is making headlines. This wasn’t the only big round this week, nevertheless, as seven of them topped $100 million, including $500 million for one other artificial intelligence company.
1. OpenAI$6.6 billion, artificial intelligence: OpenAI announced a long-awaited $6.6 billion raise at a post-money valuation of $157 billion led by Develop capital. A brand new round makes it ChatGPT creator of one of the most beneficial private corporations in the world and also included investments, among others, Altimeter capital, Faithfulness, Khosla ventures, Microsoft, Nvidia, SoftBank and Abu Dhabi-based MGX. It was just this week reported SoftBank Vision Fund will invest USD 500 million in this round. The recent round comes as the company faces a myriad of issues, including senior worker exodus and a restructuring move to rework it from a not-for-profit to a for-profit company and provide co-founder Sam Altman equity in the company. The financing structure appears to take these aspects into account because it was in the type of convertible bonds and apparently allows investors to ask for a refund if the change is not made inside two years and removes the cap on investor returns. The recent round is larger than the $6 billion round Elon Muskgenerative artificial intelligence start-up, xAIofficially announced in May — it was the largest round raised this 12 months.
2. By the pool$500 million, artificial intelligence: Most weeks, a half-billion-dollar round would top this list, but that does not occur most weeks. Poolside closed the PLN 500 million series B in the lead Bain’s capital ventures. The recent round values the startup at $3 billion, Bloomberg reported. The startup builds artificial intelligence software for developers. Poolside is just one of a handful of enormous recent deals in the AI coding space. Based in San Francisco in August Magicwhich also develops AI models for writing software, raised a $320 million round and offers an AI-powered coding assistant Codium closed $150 million Series C. Poolside raised $626 million from establishment in May 2023
3. Kailera TerapeutycznaUSD 400 million, biotechnology: Biotech was even larger than usual this week. Case in point: Kailera Therapeutics’ massive raise. The Boston-based biotech announced its launch this week with $400 million in Series A financing co-led by Atlas enterprise, Bain Capital Life Sciences AND RTW investments. The recent company is developing several clinical-stage oral and injectable therapies to assist with chronic weight management.
4. Aktis OncologyUSD 175 million, biotechnology: Boston-based Aktis Oncology, a clinical-stage biotechnology startup developing novel targeted alpha radiopharmaceuticals for the treatment of a broad range of solid cancers, has closed a $175 million Series B led by Janus Henderson Investors, RA capital management AND RTW investments. In 2022, the company closed an $84 million extension round, partially funded by large pharmaceutical corporations corresponding to Merck, Bristol Myers Squibb AND Novartisafter raising $72 million in a 2021 Series A round. Founded in 2021, the company raised $331 million, on Crunchbase.
5. Impulse space$150 million, space: It looks like space technology is having a moment again. Impulse closed $150 million Series B lead Founders Fund. The Redondo Beach, California-based space startup is developing a line of orbital transportation vehicles – also called “space tugs” – that function a last-mile cargo delivery service once payloads reach orbit. Founded in 2021, the company raised $225 million, on Crunchbase.
6. (certain) Nusano$115 million, health care: Valencia, California-based Nusano, a physics startup developing radioisotopes for medical and industrial applications, announced a Series C round of over $115 million led by Wasatch Group. Founded in 2013, this is the company’s first round of disclosure, on Crunchbase.
6. (certain) Triveni biographyUSD 115 million, biotechnology: Triveni Bio, a Watertown, Mass.-based biotech startup developing antibody therapies to treat immune and inflammatory disorders, has closed a $115 million Series B led by Goldman Sachs Alternatives. Founded in 2019, the company has raised $207 million, on Crunchbase.
8. EternityUSD 77 million, cloud management: New York-based Eon, a cloud backup startup, launched out of stealth and announced a $77 million Series B at the helm Greenoaks. The company also announced that it has raised a total of $127 million in funding.
9. Crescendo$50 million, artificial intelligence: Crescendo, the creator of an augmented artificial intelligence customer support platform, has finalized a series of enterprise financing rounds price a total of $50 million. The last one led Generic catalytic converter and valued the San Francisco-based company at $500 million after that investment.
10. (tied) DataPelagoUSD 47 million, data: Mountain View, California-based DataPelago, which offers data analytics tools, launched quietly with $47 million in funding from several investors.
10. (tied) NymUSD 47 million, productivity: Nym, a New York autonomous medical coding startup, has raised a $47 million investment led by: PSG shares. Founded in 2018, the company has raised nearly $95 million, on Crunchbase.
Great global offers
The biggest deal of the week outside the United States got here from overseas.
- Based in London Newcleoa nuclear energy company focused on developing advanced nuclear energy technologies has raised nearly $148 million in Series A funding.
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 September 28 to October 4. 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.