The 27 Largest US Funding Rounds of March 2024 – AlleyWatch

March 2026 was a month of conviction-scale capital across the US startup ecosystem. Leveraging data from CrunchBase, I’ve identified the companies that raised $100M or more including three that crossed the $1B threshold in a single round. Each entry includes round type, industry, founding team, key investors, and cumulative equity raised to add depth beyond the raw numbers.

26. Bluesky $100.0M

Round: Series BDescription: Seattle-based Bluesky Bluesky is a social media network that enables users to engage with communities and express creativity. Founded by Jay Graber in 2021, Bluesky has now raised a total of $136.0M in total equity funding and is backed by Alumni Ventures, Automattic, True Ventures, Blockchain Capital, and Protocol Labs.Investors in the round: Alumni Ventures, Anthos Capital, Bain Capital Crypto, Bloomberg Beta, Knight Foundation, True VenturesIndustry: Apps, Messaging, Social Media, Social NetworkFounders: Jay GraberFounding year: 2021Location: SeattleTotal equity funding raised: $136.0M

26. ORO Labs $100.0M

Round: Series CDescription: Palo Alto-based ORO Labs ORO Labs is an AI-powered procurement orchestration platform that enhances organizational efficiency. Founded by Lalitha Rajagopalan, Sudhir Bhojwani, Yuan Tung in 2020, ORO Labs has now raised a total of $159.0M in total equity funding and is backed by B Capital, Norwest, Felicis, XYZ Venture Capital, and Goldman Sachs Growth Equity.Investors in the round: B Capital, Brighton Park Capital, Felicis, Goldman Sachs Growth Equity, Norwest, XYZ Venture CapitalIndustry: Artificial Intelligence (AI), Procurement, Supply Chain ManagementFounders: Lalitha Rajagopalan, Sudhir Bhojwani, Yuan TungFounding year: 2020Location: Palo AltoTotal equity funding raised: $159.0M

26. WorkOS $100.0M

Round: Series CDescription: San Francisco-based WorkOS WorkOS is a unified platform with modern APIs and SDKs for enterprise-ready features. Founded by Michael Grinich in 2019, WorkOS has now raised a total of $195.0M in total equity funding and is backed by Lightspeed Venture Partners, Craft Ventures, Sapphire Ventures, Ballistic Ventures, and SV Angel.Investors in the round: Abstract, Audacious Ventures, Craft Ventures, Greenoaks, Meritech Capital Partners, Sapphire VenturesIndustry: Developer APIs, Developer Tools, Information Technology, Operating SystemsFounders: Michael GrinichFounding year: 2019Location: San FranciscoTotal equity funding raised: $195.0M

26. Imperative Care $100.0M

Round: VentureDescription: Campbell-based Imperative Care Imperative Care is singularly dedicated to finding meaningful answers to unsolved problems in stroke. Founded by Nick Hopkins in 2015, Imperative Care has now raised a total of $519.0M in total equity funding and is backed by Perceptive Advisors, Catalio Capital Management, Bain Capital Life Sciences, Ally Bridge Group, and Elevage Medical Technologies.Investors in the round: Ally Bridge Group, Bain Capital Life Sciences, Brown Advisory, Catalio Capital Management, Elevage Medical Technologies, Longaeva Partners, Perceptive AdvisorsIndustry: Health Care, Medical, Medical DeviceFounders: Nick HopkinsFounding year: 2015Location: CampbellTotal equity funding raised: $519.0M

26. Cape $100.0M

Round: Series CDescription: Arlington-based Cape Cape develops privacy-enabling technology that allows users to reclaim their privacy and security on electronic devices. Founded by Anduril Alums, Palantir Alums in 2022, Cape has now raised a total of $176.4M in total equity funding and is backed by Andreessen Horowitz, IVP, Bain Capital Ventures, A*, and XYZ Venture Capital.Investors in the round: 01 Advisors, 137 Ventures, Bain Capital Ventures, Definition, Fifth Down Capital, IVPIndustry: Information Technology, Mobile, Network Security, Software, TelecommunicationsFounders: Anduril Alums, Palantir AlumsFounding year: 2022Location: ArlingtonTotal equity funding raised: $176.4M

25. Performance Drone Works $110.0M

Round: Series BDescription: Huntsville-based Performance Drone Works Performance Drone Works specializes in developing autonomous unmanned aerial systems. Founded by Patrick Laney, Ryan Gury, Trevor Smith in 2019, Performance Drone Works has now raised a total of $135.0M in total equity funding and is backed by Gaingels, Lux Capital, Ondas Networks, Booz Allen Hamilton, and Squadra Ventures.Investors in the round: Booz Allen Hamilton, Cedar Pine, Gaingels, Hanwha Asset Management, Hood River Capital Management, Lerer Hippeau, Ondas NetworksIndustry: Aerospace, Automotive, MilitaryFounders: Patrick Laney, Ryan Gury, Trevor SmithFounding year: 2019Location: HuntsvilleTotal equity funding raised: $135.0M

24. XBOW $120.0M

Round: Series CDescription: Seattle-based XBOW XBOW develops autonomous security testing software that identifies and validates vulnerabilities in web applications and digital systems. Founded by Oege de Moor in 2024, XBOW has now raised a total of $237.0M in total equity funding and is backed by Sequoia Capital, Northzone, DFJ Growth, Altimeter Capital, and NFDG Ventures.Investors in the round: Alkeon Capital, Altimeter Capital, DFJ Growth, NFDG Ventures, Northzone, Sequoia Capital, SofinaIndustry: Artificial Intelligence (AI), Computer, Network SecurityFounders: Oege de MoorFounding year: 2024Location: SeattleTotal equity funding raised: $237.0M

23. Kai $125.0M

Round: Series ADescription: San Jose-based Kai Kai is an agentic AI platform that executes cybersecurity tasks, integrating multiple security processes into a single workflow. Founded by Damiano Bolzoni, Galina Antova in 2025, Kai has now raised a total of $125.0M in total equity funding and is backed by Evolution Equity Partners and N47.Investors in the round: Evolution Equity Partners, N47Industry: Agentic AI, Artificial Intelligence (AI), Cyber SecurityFounders: Damiano Bolzoni, Galina AntovaFounding year: 2025Location: San JoseTotal equity funding raised: $125.0M

23. Qualified Health $125.0M

Round: Series BDescription: San Carlos-based Qualified Health Qualified Health develops artificial intelligence tools that support clinical decision-making and patient care management. Founded by Beau Norgeot, Justin Norden, Kedar Mate, Nirav Shah, Shantanu Phatakwala in 2023, Qualified Health has now raised a total of $155.0M in total equity funding and is backed by Cathay Innovation, New Enterprise Associates, Town Hall Ventures, Flare Capital Partners, and Transformation Capital.Investors in the round: Anthology Fund, Cathay Innovation, Flare Capital Partners, Frist Cressey Ventures, GreatPoint Ventures, Healthier Capital, Intermountain Ventures, New Enterprise Associates, SignalFire, Town Hall Ventures, Transformation CapitalIndustry: Artificial Intelligence (AI), Health Care, MedicalFounders: Beau Norgeot, Justin Norden, Kedar Mate, Nirav Shah, Shantanu PhatakwalaFounding year: 2023Location: San CarlosTotal equity funding raised: $155.0M

21. Cents $140.0M

Round: Series CDescription: New York-based Cents Cents is a laundromat software platform that helps laundromat owners streamline their operations and enhance customer experience. Founded by Alexander Jekowsky, Gilli Cherrin in 2019, Cents has now raised a total of $214.2M in total equity funding and is backed by Alumni Ventures, Bessemer Venture Partners, Tiger Global Management, FJ Labs, and Rosecliff Ventures.Investors in the round: Camber Creek, Sumeru Equity PartnersIndustry: Business Process Automation (BPA), Enterprise Software, Point of Sale, SaaSFounders: Alexander Jekowsky, Gilli CherrinFounding year: 2019Location: New YorkTotal equity funding raised: $214.2MAlleyWatch’s exclusive coverage of this round: Cents Raises $140M to Build the Operating System for the $60B Laundry Industry

20. Frore Systems $143.0M

Round: Series DDescription: San Jose-based Frore Systems Frore Systems develops and supplies advanced thermal management technologies for electronic systems. Founded by Seshu Madhavapeddy, Suryaprakash Ganti in 2018, Frore Systems has now raised a total of $323.0M in total equity funding and is backed by Alumni Ventures, Mayfield Fund, Addition, Fidelity, and StepStone Group.Investors in the round: Addition, Alumni Ventures, Clear Ventures, Fidelity, Mayfield Fund, MVP Ventures, Prosperity7 Ventures, Qualcomm Ventures, StepStone Group, Top Tier Capital PartnersIndustry: Consumer Electronics, Manufacturing, Mechanical Engineering, SemiconductorFounders: Seshu Madhavapeddy, Suryaprakash GantiFounding year: 2018Location: San JoseTotal equity funding raised: $323.0M

19. Grow Therapy $150.0M

Round: Series DDescription: New York-based Grow Therapy Grow Therapy offers online therapy services that connects individuals with licensed therapists to support mental health. Founded by Alan Ni, Jake Cooper, Manoj Kanagaraj in 2020, Grow Therapy has now raised a total of $298.0M in total equity funding and is backed by Menlo Ventures, Sequoia Capital, Village Global, TCV, and Transformation Capital.Investors in the round: BCI, Goldman Sachs Growth Equity, Menlo Ventures, Sequoia Capital, SignalFire, TCV, Transformation CapitalIndustry: Health Care, Medical, Mental Health, mHealth, TherapeuticsFounders: Alan Ni, Jake Cooper, Manoj KanagarajFounding year: 2020Location: New YorkTotal equity funding raised: $298.0M

18. Sunday $165.0M

Round: Series BDescription: Mountain View-based Sunday Sunday is a robotics startup that builds home robots that utilize AI to assist with household tasks. Founded by Cheng Chi, Tony Zhao in 2024, Sunday has now raised a total of $200.0M in total equity funding and is backed by Coatue, Bain Capital Ventures, Tiger Global Management, Conviction, and Fidelity.Investors in the round: Bain Capital Ventures, Benchmark, Coatue, Conviction, Fidelity, Tiger Global Management, XtalIndustry: Machinery Manufacturing, Manufacturing, RoboticsFounders: Cheng Chi, Tony ZhaoFounding year: 2024Location: Mountain ViewTotal equity funding raised: $200.0M

17. Starcloud $170.0M

Round: Series ADescription: Redmond-based Starcloud Starcloud develops space-based data center infrastructure designed to support computing and data processing beyond Earth environments. Founded by Adi Oltean, Ezra Feilden, Philip Johnston in 2024, Starcloud has now raised a total of $193.9M in total equity funding and is backed by Andreessen Horowitz, Sequoia Capital, Plug and Play, Y Combinator, and Link Ventures.Investors in the round: 3C AGI Partners, Adjacent, Benchmark, Carya Venture Partners, Dennis Muilenburg, EQT, FUSE, GSBackers, Harpoon, Kevin Johnson, Link Ventures, Macquarie Capital, Manhattan West, Monolithic Power Systems, Nebular, New Vista Capital, NFX, Seven Seven Six, Soma Capital, Stephen Wilson, Taurus Ventures, Tiny Supercomputer Investment Company, Wyld VC, Y CombinatorIndustry: Aerospace, Data Center, Manufacturing, Space TravelFounders: Adi Oltean, Ezra Feilden, Philip JohnstonFounding year: 2024Location: RedmondTotal equity funding raised: $193.9M

17. Xona $170.0M

Round: Series CDescription: Burlingame-based Xona Xona develops satellite navigation services delivering positioning, navigation, and timing data via a low Earth orbit network. Founded by Adrien Perkins, Brian Manning, Bryan Chan, Jerami Martin, Kazuma Gunning, Paul Tarantino, Tyler Reid in 2019, Xona has now raised a total of $300.0M in total equity funding and is backed by Craft Ventures, Gaingels, Toyota Ventures, National Science Foundation, and Seraphim Space.Investors in the round: Craft Ventures, Hexagon, ICONIQ Capital, Mohari Ventures Natural Capital, NGP Capital, Samsung NEXT, Woven CapitalIndustry: Aerospace, GPS, Information Services, Navigation, Satellite Communication, SoftwareFounders: Adrien Perkins, Brian Manning, Bryan Chan, Jerami Martin, Kazuma Gunning, Paul Tarantino, Tyler ReidFounding year: 2019Location: BurlingameTotal equity funding raised: $300.0M

16. Cart.com $180.0M

Round: VentureDescription: Houston-based Cart.com Cart.com is a technology company that provides a unified commerce platform to help companies from discovery to delivery. Founded by Ed Sturrock, Jim Jacobsen, Omair Tariq, Remington Tonar in 2020, Cart.com has now raised a total of $784.2M in total equity funding and is backed by Gaingels, BlackRock, Oak HC/FT, Titan Capital, and Neuberger Berman.Investors in the round: Arsenal Growth Equity, Mercury, Oak HC/FT, PayPal Ventures, Springcoast Capital PartnersIndustry: Analytics, Information Technology, Logistics, Software, Supply Chain ManagementFounders: Ed Sturrock, Jim Jacobsen, Omair Tariq, Remington TonarFounding year: 2020Location: HoustonTotal equity funding raised: $784.2M

15. eMed $200.0M

Round: Series ADescription: Miami-based eMed eMed focuses on employer-sponsored preemptive health management, providing personalized solutions for workforce health. Founded by Dr. Patrice A. Harris in 2020, eMed has now raised a total of $200.0M in total equity funding and is backed by R.J. Melman, Ara Cohen, Aon, Joe Lonsdale, and Antonio Gracias.Investors in the round: Antonio Gracias, Aon, Ara Cohen, Jeff Aronin, Joe Lonsdale, Linda Yaccarino, R.J. Melman, Tom Brady, Tom RickettsIndustry: Agentic AI, Communications Infrastructure, Health Care, Internet, mHealth, Software, TelehealthFounders: Dr. Patrice A. HarrisFounding year: 2020Location: MiamiTotal equity funding raised: $200.0M

15. Eridu $200.0M

Round: Series ADescription: Saratoga-based Eridu Eridu provides frontier networking solutions for AI, purpose-built to meet the demands of scale-out and scale-up networks. Founded by Drew Perkins, Mike Capuano, Omar Hassen in 2024, Eridu has now raised a total of $200.0M in total equity funding and is backed by Eclipse, SBVA, Fusion Fund, Matter Venture Partners, and TDK Ventures.Investors in the round: Bosch Ventures, Capricorn Investment Group, Eclipse, Fusion Fund, Hudson River Trading, Matter Venture Partners, MediaTek, Osage University Partners, SBVA, Socratic Partners, TDK Ventures, VentureTech Alliance, Zelda VenturesIndustry: AI Infrastructure, Artificial Intelligence (AI), Machine Learning, SemiconductorFounders: Drew Perkins, Mike Capuano, Omar HassenFounding year: 2024Location: SaratogaTotal equity funding raised: $200.0M

15. Axiom $200.0M

Round: Series ADescription: Palo Alto-based Axiom Axiom develops artificial intelligence systems designed to solve complex mathematical problems and produce formally verified proofs. Founded by Carina Hong in 2025, Axiom has now raised a total of $264.0M in total equity funding and is backed by Menlo Ventures, B Capital, Madrona, Toyota Ventures, and Greycroft.Investors in the round: B Capital, Greycroft, Madrona, Menlo Ventures, Toyota Ventures, Triatomic CapitalIndustry: Artificial Intelligence (AI), Education, Foundational AI, Generative AI, Information Technology, SoftwareFounders: Carina HongFounding year: 2025Location: Palo AltoTotal equity funding raised: $264.0M

15. Harvey $200.0M

Round: Series GDescription: San Francisco-based Harvey Harvey provides AI-driven tools to assist legal professionals with research, document review, and contract analysis. Founded by Gabe Pereyra, Winston Weinberg in 2022, Harvey has now raised a total of $1.2B in total equity funding and is backed by OpenAI, Andreessen Horowitz, Sequoia Capital, Coatue, and Kleiner Perkins.Investors in the round: Andreessen Horowitz, Coatue, Conviction, Elad Gil, Evantic Capital, GIC, Kleiner Perkins, Sequoia CapitalIndustry: Artificial Intelligence (AI), Information Technology, Legal, Legal TechFounders: Gabe Pereyra, Winston WeinbergFounding year: 2022Location: San FranciscoTotal equity funding raised: $1.2B

15. Also $200.0M

Round: Series CDescription: Palo Alto-based Also Also is an electric micromobility company that provides electric cargo bikes, commuter bikes, and trail bikes. Founded by Chris Yu in 2025, Also has now raised a total of $505.0M in total equity funding and is backed by Eclipse, Prysm Capital, Greenoaks, and DoorDash.Investors in the round: DoorDash, Greenoaks, Prysm CapitalIndustry: Automotive, Electric Vehicle, Manufacturing, TransportationFounders: Chris YuFounding year: 2025Location: Palo AltoTotal equity funding raised: $505.0M

14. Grafana Labs $250.0M

Round: Series EDescription: New York-based Grafana Labs Grafana Labs is an open-source software platform built to support monitoring, visualization, and metric analytics. Founded by Anthony Woods, Raj Dutt, Torkel Odegaard in 2014, Grafana Labs has now raised a total of $1.1B in total equity funding and is backed by Lightspeed Venture Partners, Sequoia Capital, Coatue, K5 Global, and Lead Edge Capital.Investors in the round: Industry: Analytics, Cloud Data Services, Data Visualization, Open Source, SoftwareFounders: Anthony Woods, Raj Dutt, Torkel OdegaardFounding year: 2014Location: New YorkTotal equity funding raised: $1.1B

13. TENEX.AI $250.0M

Round: Series BDescription: Sarasota-based TENEX.AI TENEX.AI is a cybersecurity company that combines human expertise with artificial intelligence to protect digital assets. Founded by Edwin Solis, Eric Foster, Ryan Shreve, Venkata Koppaka in 2024, TENEX.AI has now raised a total of $277.0M in total equity funding and is backed by Andreessen Horowitz, Shield Capital, Crosspoint Capital Partners, DeepWork Capital, and DTCP.Investors in the round: Crosspoint Capital Partners, DeepWork Capital, Shield CapitalIndustry: Artificial Intelligence (AI), Cyber Security, Network Security, SaaSFounders: Edwin Solis, Eric Foster, Ryan Shreve, Venkata KoppakaFounding year: 2024Location: SarasotaTotal equity funding raised: $277.0M

12. EnerVenue $300.0M

Round: Series BDescription: Fremont-based EnerVenue EnerVenue provides metal-hydrogen batteries for large-scale renewable and storage applications. Founded by Yi Cui in 2020, EnerVenue has now raised a total of $720.1M in total equity funding and is backed by Full Vision Capital, Aramco Ventures, Saudi Aramco Energy Ventures, SLB, and Hong Kong Investment Corporation Limited.Investors in the round: Aramco Ventures, Full Vision Capital, Hong Kong Investment Corporation LimitedIndustry: Energy, Renewable EnergyFounders: Yi CuiFounding year: 2020Location: FremontTotal equity funding raised: $720.1M

12. Vast $300.0M

Round: Series ADescription: Long Beach-based Vast Vast develops space habitation systems and orbital infrastructure designed to support human activities in space. Founded by Jed McCaleb in 2021, Vast has now raised a total of $450.0M in total equity funding and is backed by Space Capital, Qatar Investment Authority, Stellar Ventures, Nikon, and IQT.Investors in the round: Balerion Space Ventures, Earthrise Ventures, IQT, Jed McCaleb, Mitsui & Co., MUFG Union Bank, Nikon, Qatar Investment Authority, Space Capital, Stellar Ventures, Victor Koch & PartnersIndustry: Hardware, Manufacturing, Space TravelFounders: Jed McCalebFounding year: 2021Location: Long BeachTotal equity funding raised: $450.0M

11. Cloaked $375.0M

Round: Series BDescription: Lowell-based Cloaked Cloaked provides privacy-focused digital identity and data protection tools for individuals and businesses. Founded by Abhijay Bhatnagar, Arjun Bhatnagar in 2020, Cloaked has now raised a total of $404.0M in total equity funding and is backed by General Catalyst, Index Ventures, DuckDuckGo, Lux Capital, and Human Capital.Investors in the round: Assurant Ventures, DuckDuckGo, Fifth Growth Fund, General Catalyst, Human Capital, LG Technology Ventures, Liberty City Ventures, Lux Capital, Marquee Ventures, NFL Players AssociationIndustry: Information Technology, Internet, Privacy, SoftwareFounders: Abhijay Bhatnagar, Arjun BhatnagarFounding year: 2020Location: LowellTotal equity funding raised: $404.0M

10. Genspark $385.0M

Round: Series BDescription: Palo Alto-based Genspark Genspark provides an AI agentic engine that generates synthesized information pages in response to user queries. Founded by Eric Jing, Kaihua Zhu, Lenjoy Lin, Wen Sang in 2023, Genspark has now raised a total of $385.0M in total equity funding and is backed by Emergence Capital, SBI Investment, Mirae Asset, HartBeat Ventures, and Markham Valley Ventures.Investors in the round: Industry: Artificial Intelligence (AI), Generative AI, Machine Learning, Search Engine, SoftwareFounders: Eric Jing, Kaihua Zhu, Lenjoy Lin, Wen SangFounding year: 2023Location: Palo AltoTotal equity funding raised: $385.0M

10. Vestwell $385.0M

Round: Series EDescription: New York-based Vestwell Vestwell provides a digital platform for managing savings and retirement plans. Founded by Aaron Schumm in 2016, Vestwell has now raised a total of $623.8M in total equity funding and is backed by Franklin Templeton, Blue Owl, Lightspeed Venture Partners, Primary Venture Partners, and HarbourVest Partners.Investors in the round: Blue Owl Capital Corporation, Franklin Templeton, HarbourVest Partners, Morgan Stanley, Neuberger Berman, Silver Lake Waterman, Sixth Street Growth, TIAA VenturesIndustry: Employee Benefits, Finance, Financial Services, FinTech, RetirementFounders: Aaron SchummFounding year: 2016Location: New YorkTotal equity funding raised: $623.8MAlleyWatch’s exclusive coverage of this round: Vestwell Raises $385M to Power Modern Savings Infrastructure Across America

9. Replit $400.0M

Round: Series DDescription: Foster City-based Replit Replit provides a cloud-based development platform that enables users to write, run, and deploy applications in browsers. Founded by Amjad Masad, Faris Masad, Haya Odeh in 2016, Replit has now raised a total of $872.0M in total equity funding and is backed by Andreessen Horowitz, Craft Ventures, South Park Commons, Reach Capital, and Coatue.Investors in the round: 1789 Capital, Accenture Ventures, Andreessen Horowitz, Coatue, Craft Ventures, Databricks Ventures, Georgian, G Squared, Jared Leto, Karman Ventures, Okta Ventures, Prysm Capital, Qatar Investment Authority, Sahin Boydas, Shaquille O’Neal, Tether Ventures, Y CombinatorIndustry: Artificial Intelligence (AI), Cloud Computing, Developer Tools, Information Technology, SoftwareFounders: Amjad Masad, Faris Masad, Haya OdehFounding year: 2016Location: Foster CityTotal equity funding raised: $872.0M

8. Vulcan Elements $430.7M

Round: VentureDescription: Cambridge-based Vulcan Elements Vulcan Elements is a manufacturer of rare-earth magnets used in critical defense and commercial applications. Founded by John Maslin, Piotr Kulik in 2023, Vulcan Elements has now raised a total of $502.4M in total equity funding and is backed by FJ Labs, Washington Harbour Partners, nvp capital, Ibex Investors, and 1789 Capital.Investors in the round: Industry: Aerospace, Industrial Manufacturing, ManufacturingFounders: John Maslin, Piotr KulikFounding year: 2023Location: CambridgeTotal equity funding raised: $502.4M

7. Quince $500.0M

Round: Series EDescription: San Francisco-based Quince Quince is an e-commerce company that offers apparel, accessories, home goods, and personal care products through an online platform. Founded by Becky Mortimer, Sid Gupta, Sourabh Mahajan in 2018, Quince has now raised a total of $1.1B in total equity funding and is backed by Alumni Ventures, Insight Partners, Basis Set Ventures, 8VC, and Wellington Management.Investors in the round: 8VC, Baillie Gifford, Basis Set Ventures, DST Global, ICONIQ Capital, MarcyPen Capital Partners, Notable Capital, Wellington Management, WndrCoIndustry: Apparel, E-Commerce, E-Commerce Platforms, RetailFounders: Becky Mortimer, Sid Gupta, Sourabh MahajanFounding year: 2018Location: San FranciscoTotal equity funding raised: $1.1B

7. Nexthop AI $500.0M

Round: Series BDescription: Santa Clara-based Nexthop AI Nexthop AI develops networking infrastructure to support artificial intelligence workloads in large-scale cloud computing environments. Founded by Anshul Sadana in 2023, Nexthop AI has now raised a total of $610.0M in total equity funding and is backed by Andreessen Horowitz, Lightspeed Venture Partners, Kleiner Perkins, Battery Ventures, and US Innovative Technology Fund.Investors in the round: Altimeter Capital, Andreessen Horowitz, Battery Ventures, Emergent Ventures, Kleiner Perkins, Lightspeed Venture Partners, US Innovative Technology Fund, WestBridge CapitalIndustry: Artificial Intelligence (AI), Cloud Data Services, IT InfrastructureFounders: Anshul SadanaFounding year: 2023Location: Santa ClaraTotal equity funding raised: $610.0M

7. Mind Robotics $500.0M

Round: Series ADescription: Palo Alto-based Mind Robotics Mind Robotics develops artificial intelligence and robotics systems designed for industrial environments and manufacturing operations. Founded by Robert Scaringe in 2025, Mind Robotics has now raised a total of $615.0M in total equity funding and is backed by Andreessen Horowitz, Accel, Eclipse, and Rivian.Investors in the round: Accel, Andreessen HorowitzIndustry: Artificial Intelligence (AI), Machine Learning, RoboticsFounders: Robert ScaringeFounding year: 2025Location: Palo AltoTotal equity funding raised: $615.0M

6. Sierra Space $550.0M

Round: Series CDescription: Louisville-based Sierra Space Sierra Space is a commercial space company that specializes in the development of advanced space technologies and solutions. Founded by Eren Ozmen, Fatih Ozmen in 2021, Sierra Space has now raised a total of $2.2B in total equity funding and is backed by General Atlantic, Coatue, MUFG Bank, AE Industrial Partners, and LuminArx Capital Management LP.Investors in the round: Andalusian Private Capital, Coatue, General Atlantic, LuminArx Capital Management LP, Moore Strategic VenturesIndustry: Advanced Materials, Aerospace, Industrial Manufacturing, Space Travel, TransportationFounders: Eren Ozmen, Fatih OzmenFounding year: 2021Location: LouisvilleTotal equity funding raised: $2.2B

5. WHOOP $575.0M

Round: Series GDescription: Boston-based WHOOP WHOOP provides wearable fitness technology and a subscription platform that tracks physiological data for health and performance insights. Founded by Aurelian Nicolae, John Capodilupo, William Ahmed in 2012, WHOOP has now raised a total of $979.0M in total equity funding and is backed by IVP, Founder Collective, Glade Brook Capital Partners, Affinity Partners, and Promus Ventures.Investors in the round: 2PointZero, Abbott, Accomplice, Affinity Partners, B-FLEXION, Bullhound Capital, Collaborative Fund, Cristiano Ronaldo, Foundry Group, Glade Brook Capital Partners, IVP, Karen Wazen, LeBron James, Macquarie Capital, Mathieu van der Poel, Mayo Clinic, Mubadala, Niall Horan, Promus Ventures, Qatar Investment Authority, Raison, Reggie Miller, Rory McIlroy, Shane Lowry, Virgil van DijkIndustry: Consumer Electronics, Fitness, Sports, Wearables, WellnessFounders: Aurelian Nicolae, John Capodilupo, William AhmedFounding year: 2012Location: BostonTotal equity funding raised: $979.0M

4. Earendil Labs $787.0M

Round: VentureDescription: Middletown-based Earendil Labs Earendil Labs is a biotechnology company developing technology platforms that transform therapeutic protein discovery. Founded by Jian Peng, Zhenping Zhu in 2021, Earendil Labs has now raised a total of $787.0M in total equity funding and is backed by Sanofi, Dimension Capital, INCE Capital, Luminous Ventures (former Lightspeed China Partners), and DST Global.Investors in the round: Biotechnology Development Fund VI, L.P., Dimension Capital, DST Global, INCE Capital, Luminous Ventures (former Lightspeed China Partners), Miracle Capital, SanofiIndustry: Artificial Intelligence (AI), Biotechnology, Information TechnologyFounders: Jian Peng, Zhenping ZhuFounding year: 2021Location: MiddletownTotal equity funding raised: $787.0M

3. Kalshi $1.0B

Round: VentureDescription: New York-based Kalshi Kalshi is a regulated prediction market where users trade event-based contracts tied to real-world outcomes. Founded by Luana Lopes Lara, Tarek Mansour in 2018, Kalshi has now raised a total of $2.6B in total equity funding and is backed by Andreessen Horowitz, General Catalyst, Sequoia Capital, Paradigm, and IVP.Investors in the round: CoatueIndustry: Consumer, Financial Exchanges, Financial Services, FinTech, Prediction Markets, Predictive AnalyticsFounders: Luana Lopes Lara, Tarek MansourFounding year: 2018Location: New YorkTotal equity funding raised: $2.6B

2. Saronic $1.8B

Round: Series DDescription: Austin-based Saronic Saronic designs and manufactures unmanned surface vehicles for maritime security and domain awareness. Founded by Dino Mavrookas, Doug Lambert, Rob Lehman, Vibhav Altekar in 2022, Saronic has now raised a total of $2.6B in total equity funding and is backed by Andreessen Horowitz, Franklin Templeton, General Catalyst, Advent International, and Lightspeed Venture Partners.Investors in the round: 8VC, Advent International, Andreessen Horowitz, BAM Elevate, Bessemer Venture Partners, Caffeinated Capital, DFJ Growth, Elad Gil, Franklin Templeton, Kleiner Perkins, Silent VenturesIndustry: Artificial Intelligence (AI), Manufacturing, Marine Technology, Military, SecurityFounders: Dino Mavrookas, Doug Lambert, Rob Lehman, Vibhav AltekarFounding year: 2022Location: AustinTotal equity funding raised: $2.6B

1. Shield AI $2.0B

Round: Series GDescription: San Diego-based Shield AI Shield AI is a deep-tech company that focuses on developing AI-powered systems to enhance the safety of service members and civilians. Founded by Andrew Reiter, Brandon Tseng, Ryan Tseng in 2015, Shield AI has now raised a total of $3.0B in total equity funding and is backed by Andreessen Horowitz, Advent International, Point72, Riot Ventures, and Founder Collective.Investors in the round: Advent International, Apandion, Blackstone Group, Disruptive, InnovationX, JP Morgan Chase, Riot Ventures, Snowpoint VenturesIndustry: Artificial Intelligence (AI), Autonomous Vehicles, Drones, Machine Learning, National SecurityFounders: Andrew Reiter, Brandon Tseng, Ryan TsengFounding year: 2015Location: San DiegoTotal equity funding raised: $3.0B