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This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out the biggest funding rounds of last week here.
It was a big week for the space and defense sectors, as investors clearly were looking to the skies. However, other sectors including cyber, healthcare and even data orchestration also saw some big raises. While nothing came close to $1 billion, it was still a pretty good week for big rounds.
1. Chaos Industries, $275M, defense: Less than six months after raising $145 million in a Series B, defense and critical infrastructure tech startup Chaos Industries locked up $275 million in a Series C that reportedly values the startup at $2 billion. The new round was led by Accel and New Enterprise Associates. Los Angeles-based Chaos specializes in advanced detection, monitoring and communication solutions for the defense and commercial sectors. The company’s Vanquish radar provides early warning and tracking capabilities against unmanned aerial systems, missiles and aircraft. Founded in 2022, Chaos has raised $490 million, per the company.
2. True Anomaly, $260M, space: Centennial, Colorado-based True Anomaly, which develops hardware and software systems to help space security and readiness, is accustomed to large raises. Back in late 2023, the space tech startup raised a $100 million round led by Riot Ventures. It’s back again after raising a $260 million Series C led by Accel. The startup helps the government and commercial customers keep an eye on threats to assets they have in space, such as satellites. Founded in 2022, True Anomaly has raised $418 million, per Crunchbase.
3. (tied) Apex, $200M, space: Less than a year after landing a $95 million Series B, space manufacturing company Apex locked up a $200 million Series C led by 8VC 1
and Point72 Ventures. The Los Angeles-based startup is helping streamline the approach to satellites with the ability to mass produce spacecraft buses — the main body and structural component of satellites — to help meet increasing demand from customers like the U.S. Department of Defense. Founded in 2022, the company has raised $322 million, per Crunchbase.
3. (tied) Persona, $200M, cybersecurity: Cybersecurity has proven pretty strong with investors recently, and this week was no exception. Verified identity platform Persona raised a $200 million Series D co-led by Founders Fund and Ribbit Capital that values the company at $2 billion. The San Francisco-based startup’s identity platform allows businesses to securely collect, verify, manage and make decisions about individuals’ and businesses’ identities. Founded in 2018, the company has raised nearly $418 million, per Crunchbase.
5. (tied) Cast AI, $108M, software development: Miami-based Cast AI, which helps optimize workloads with automation, closed a $108 million Series C round led by G2 Venture Partners and SoftBank Vision Fund 2. While the company is mainly known for its work with Kubernetes workloads, it now is helping to optimize workloads for AI. Founded in 2019, the company has raised $181 million, per Crunchbase.
5. (tied) Veza, $108M, cybersecurity: Veza raised a $108 million Series D investment led by New Enterprise Associates. The Redwood Shores, California-based identity security startup said it more than doubled its annual recurring revenue last year and the new round values it at $808 million. Founded in 2020, Veza has raised $235 million, per the company.
7. Persivia, $107M, healthcare: Marlborough, Massachusetts-based Persivia, a developer of an AI-powered platform that helps healthcare decision making, completed a $107 million recapitalization with Aldrich Capital Partners. Founded in 2005, Persivia’s platform turns data into real-time insights to help drive decisions and streamline workflows. It is used in more than 200 hospitals nationwide.
8. Astronomer, $93M, data orchestration: Astronomer, the developer of data orchestration platform Astro, locked up a $93 million Series D led by Bain Capital Ventures. The New York-based startup’s Astro platform has proven valuable as AI has exploded — as automating and processing data workflows across different systems has become a necessity for anyone wanting to produce AI applications. Founded in 2018, the company has raised nearly $376 million, per Crunchbase
9. AssetWatch, $75M, predictive analytics: Columbus, Ohio-based AssetWatch, a predictive maintenance platform developer for the manufacturing industry, closed a $75 million Series C led by Viking Global Investors. Founded in 2014, the company has raised $166 million, per Crunchbase.
10. Utilidata, $61.3M, artificial intelligence: Providence, Rhode Island-based Utilidata, a developer of an AI platform for the energy industry, secured a $60.3 million Series C led by Renown Capital Partners. Founded in 2012, the company has raised $95 million, per Crunchbase.
Big global deals
The biggest raise this week outside the U.S. again came from Singapore.
Singapore-based Thunes, a developer of global payments infrastructure, raised a $150 million Series D.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the seven-day period of April 26 to May 2. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.
Illustration: Dom Guzman
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