This week witnessed a surge in startup funding, particularly in robotics and legal tech, with notable rounds including $350M for Apptronik and $300M for Harvey. A total of 10 startups raised over $100 million, indicating a rebound in big investments after a slow period.
The latest week marked a notable resurgence in startup funding, especially in sectors like robotics and legal tech, with several firms raking in massive investments of over $100 million. Major players, including Apptronik and Harvey, made headlines as they secured substantial capital, reinvigorating the funding scene after a lull in recent weeks.
1. Apptronik raised $350M in robotics. This AI-driven humanoid robotics firm from Austin, Texas, brought in its Series A investment co-led by B Capital and Capital Factory, along with Google’s participation. Founded in 2016, Apptronik aims to enhance its industrial humanoid robot, Apollo, having previously raised $28 million and partnered with prestigious institutions like NASA and NVIDIA.
2. Harvey drew in $300M for legal tech. The San Francisco AI startup, which had raised $100 million just seven months prior, surged in valuation to $3 billion with this funding round led by Sequoia. Harvey provides AI tools to streamline legal research and document review, amassing $506 million in total funding since its founding in 2022.
3. QuEra Computing netted $230M in quantum computing. Notable investors like SoftBank’s Vision Fund and Google Quantum AI are backing this Boston-based neutral-atom quantum firm. Established in 2018, QuEra focuses on lower-error-rate quantum computing with a total of $247 million raised to date.
4. Abcuro secured $200M for biotech. This Massachusetts startup specializes in treatments for autoimmune diseases and cancer, successfully completing a Series C round led by New Enterprise Associates. Founded in 2015, Abcuro has accumulated nearly $415 million in total funding.
5. Chestnut Carbon received $160M for climate initiatives. Despite a slow climate tech sector, this New York-based company attracted significant investment for its innovative forest development strategies which gain verified carbon credits. Established in 2021, it has raised $360 million.
6. K2 Space reached $110M in space tech. The California satellite platform developer raised this capital in a Series B led by Altimeter Capital and Lightspeed Venture Partners. Since its inception in 2022, K2 has accrued a total of $180 million.
7. Eudia raised $105M in legal tech. Based in Palo Alto and just emerging from stealth mode, this AI startup attracted funding led by General Catalyst.
8. EnCharge AI garnered $100M in semiconductor innovation. This startup, focused on analog in-memory-computing AI chips, raised capital led by Tiger Global, totaling over $144 million since its 2022 founding.
9. Newleos Therapeutics obtained $94M in biotech. This Boston firm, working on anxiety and various cognitive therapies, secured its first funding round at $93.5 million, notably led by Goldman Sachs Alternatives.
10. Bambusa Therapeutics raised $90M in biotech. Established in 2024, this Boston-based company focuses on treating immunological disorders, gathering a total of $105 million with its latest Series A led by RA Capital Management.
In addition, international dealmaking flourished as Saudi Arabia’s Tabby, a payment and shopping platform, raised $160 million in its Series E.
This week highlighted a significant rebound in major investment rounds, particularly for startups in tech sectors traditionally innovating for the future. To keep informed on the latest funding happenings, refer to the Crunchbase Megadeals Board for ongoing updates.
In summary, this week’s rebound in startup funding, particularly in robotics and legal tech, showcases a thriving investment landscape. Companies like Apptronik and Harvey stood out with significant funding, pushing innovations in their respective industries. As the funding scene revives, it promises bright possibilities for tech advancement and a vibrant entrepreneurial ecosystem.
Original Source: news.crunchbase.com
