Another slow week for funding – the third in a row after significant growth in large rounds earlier this 12 months. Xcimer energy was the leader as it was the only startup to achieve a nine-figure round. It looks as if the dog days of summer are here in the enterprise world.
1. Xcimer energy$100 million, energy: Well, funding for fusion dropped – until this happened. Denver-based Xcimer Energy announced it has raised $100 million in Series A funding led by Hedosophy. The company is working on laser-driven inertial fusion and will use the funding to build a prototype laser system that features what it calls “the world’s largest nonlinear optical pulse compression system.” Founded in 2022, Xcimer has raised nearly $118 million, on Crunchbase — including $9 million in grants from US Department of EnergyMilestone-based fusion development program.
2. Pique$80 million, artificial intelligence: It never takes us long to get to an AI startup on this list. Pika, an artificial intelligence startup that generates video, raised an $80 million round led by Spark capital values the Palo Alto, California-based company at $470 million, in accordance with Bloomberg. Especially an actor and singer Jared Leto is also an investor. Pika is a part of a growing group of startups creating AI software for text-to-video. Founded in 2023, the company has raised $135 million, on Crunchbase.
3. (sure) Prolific machinesUSD 55 million, biotechnology: Unlike previous weeks, there was no big biotech round. The biggest hit this week went to Emeryville, Calif.-based Prolific Machines, which raised $55 million in a Series B round led by Ki Tua Fundthe corporate arm of the company Fonterra Cooperative Group. The startup’s platform enables business customers to provide biological products more efficiently by harnessing light for purposes such as cellular agriculture and dietary protein production. Founded in 2020, Prolific has raised $86.5 million for the company.
3. (sure) Restore3d$55 million, 3D technology: Restor3d, a North Carolina-based maker of personalized 3D-printed orthopedic implants, has locked down $70 million in funding — even as investors proceed to carry off on 3D startups. The round includes a $55 million Series A round led by Summer value partners and existing investors and an additional $15 million in led debt financing Capital of the Trinity. The startup operates at the unique intersection of healthcare/biotechnology, artificial intelligence and 3D technology. The company uses biomaterials, 3D printing technologies and artificial intelligence to assist repair the human body. It plans to introduce latest implant systems for total ankle and shoulder substitute, offering 3D printed solutions that adapt to the unique anatomy of individual patients. Founded in 2017, the company has raised nearly $150 million, on Crunchbase. While the 3D technology sector made big money in 2021 and 2022, the sector has returned to a latest reality over the past two years. While greater than $2.4 billion was invested in VC-backed industry startups in 2022, that number dropped to simply about $1 billion last 12 months, in accordance with Crunchbase data. The situation is similar this 12 months, with only about $424 million raised so far.
5. (sure) Bone therapy$50 million, biotechnology: Dallas-based Osteal Therapeutics raised $50 million in a Series D round led by Zimmer Biomet. The biotech startup is developing latest drug/device therapies to treat orthopedic infections. The company’s development strategy involves using approved drugs as candidates for latest routes of local, concentrated delivery. Founded in 2013, the company has raised nearly $113 million, on Crunchbase.
5. (sure) Twelve laboratories50 million dollars, video: Another video startup related to artificial intelligence. San Francisco-based Twelve Labs, a developer of basic video models that enable searchable video files, has raised a $50 million Series A fund co-founded by a latest investor New employees of the company AND Nventures, Nvidiaenterprise capital arm. The startup’s core generative AI models allow users to input natural language suggestions that may find exact moments in large video libraries, potentially saving hours of time. Founded in 2021, the company has raised $77 million, on Crunchbase.
7. SharpnessMD$45 million, medical technology: Boston-based AcuityMD, a business platform for identifying goal markets in the healthcare industry, has locked a $45 million round led by Iconiq development. Founded in 2019, AcuityMD has raised over $83 million for the company.
8. Eco health$41 million, health care: San Francisco-based Eko Health, which uses artificial intelligence to early detect heart and lung diseases, raised $41 million in a Series D round. No lead investor has been announced. Founded in 2013, the company has raised roughly $169 million, on Crunchbase.
9. SpyCloud$35 million, cybersecurity: Austin, Texas-based SpyCloud, a cybersecurity company that seeks to stop account takeovers, announced a $35 million round from CIBC Innovation Banking. Founded in 2016, the company has raised nearly $204 million, on Crunchbase.
10. Partners in Advanced MedicineUSD 32 million, biotechnology: North Carolina-based Advanced Medicine Partners, a developer of advanced medicines, has received $32 million in financing led by the company Deerfield Management. Founded in 2023, this is the company’s first announced round, on Crunchbase.
Great global offers
The biggest round of the week got here from a Chinese semiconductor company.
- Based in Shanghai Unisoca semiconductor company specializing in chipsets for mobile communications and the Internet of Things has raised a round valued at roughly $552 million.
Methodology
In the Crunchbase database, we tracked the largest announced rounds reported by U.S.-based corporations over the seven-day period from June 1 to June 7. 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.