The Week’s 10 Biggest Funding Rounds: Anthropic Leads A Busy Week For Big Deals
Investor enthusiasm for AI once again drove the bulk of funding for the week’s largest rounds, led by Anthropic’s $13 billion mega-financing. However, companies across a number of industries attracted large investments, including biotech, security and medical devices.
1. Anthropic, $13B, generative AI: San Francisco-based generative AI unicorn Anthropic raised a $13 billion Series F round at a $183 billion valuation, making it the fourth-most valuable private company in the world, per Crunchbase data. Iconiq Capital led the round, with Fidelity Management & Research Co. and Lightspeed Venture Partners co-leading.
2. Sierra, $350M, enterprise AI: Sierra, a provider of AI-enabled customer experience technology, raised $350 million at a $10 billion valuation. The San Francisco-headquartered company was founded in 2023 by former Salesforce co-CEO and current OpenAI board chair Bret Taylor and former Google executive Clay Bavor.
3. Treeline Biosciences, $200M, biotech: Watertown, Massachusetts-based Treeline Biosciences, a developer of medicines for cancer and other serious diseases, announced the close of a $200 million Series A extension round, bringing total funding to $1.1 billion, per Crunchbase data. The 4-year-old company also says it will begin trials for multiple cancer drugs.
4. (tied) Enveda Biosciences, $150M, drug discovery: Enveda, a startup that is working to discover new drugs by studying the chemistry of plants, raised $150 million in a Series D led by Premji Invest. The financing set a unicorn valuation for the 6-year-old, Boulder, Colorado-based company.
4. (tied) Baseten, $150M, AI: Baseten, a provider of technology for AI application developers, raised $150 million in a Series D led by Bond. The round brings funding to date for the San Francisco-based startup to $285 million, per Crunchbase data.
6. (tied) Galvenize Therapeutics, $100M, medical devices: Galvenize Therapeutics, a developer of pulsed electric field therapies for oncology and chronic lung disease, secured a $100 million Series C round. Sofinnova Partners led the financing for the Redwood City, California-based company.
6. (tied) You.com, $100M, AI: You.com locked up $100 million in Series C funding at a $1.5 billion valuation, led by Cox Enterprises. The Palo Alto, California-based company develops AI infrastructure with an eye to helping agentic AI applications access the information they need.
8. (tied) Exa, $85M, AI search: Exa, a startup that bills itself as the search engine for AI, picked up $70 million in Series B funding at a $700 million valuation. Benchmark led the financing for the 4-year-old San Francisco-based company.
8. (tied) Augment, $85M, AI logistics: San Francisco-based Augment, developer of an AI tool called Augie that was built to handle shipments for the logistics industry, landed $85 million in a Series A round led by Redpoint.
10. (tied) Shift5, $75M, cybersecurity: Arlington, Virginia-based Shift5, developer of an intelligence platform for U.S. defense and transportation systems, closed on $75 million in a Series C financing led by Hedosophia.
10. (tied) Mojo Vision, $75M, micro-LED technology: Mojo Vision, developer of a flexible micro-LED platform for use in multiple industries, raised $75 million in what it called a Series B Prime funding round. Vanedge Capital led the financing for the Cupertino, California-based company.