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Good Morning! This free edition of The Funding Letter comes to you from our headquarters in New York City.

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🌎 Americas

Nexthop AI develops AI infrastructure for large-scale cloud operators, enabling hyperscale data centers and cloud providers to scale AI systems while lowering the cost per token and improving reliability.

New Funding Raised: $500M, Series B

Round Investors: Andreessen Horowitz (lead), Lightspeed Venture Partners (lead), Battery Ventures, Emergent Ventures

🚀Growth Focus: Support expanded research and development efforts and broader infrastructure investments to accelerate the development of its networking platform.

HQ: Santa Clara, CA

Industry: Computer Networking Products

Employee Count: 214

Rhoda AI builds an AI-driven robotics platform that enables general-purpose manipulation and improves robot performance across varied real-world environments, providing manufacturing firms, logistics operators, and automation integrators with scalable robot training, broader task generalization, and increased autonomy in complex operational settings.

New Funding Raised: $450M, Series A

Round Investors: Premji Invest (lead), Mayfield Fund, Matter Venture Partners, Temasek Holdings

🚀Growth Focus: Accelerate research and engineering, expand industrial deployments and customer pilots, and grow its multidisciplinary team spanning generative AI, computer vision, and robotics.

HQ: Palo Alto, CA

Industry: Technology, Information, and Internet

Employee Count: ~50

Eridu develops advanced hardware and infrastructure technology to make AI systems run fast, enabling users to reduce energy consumption, lower operational costs, and speed up the training of large AI models.

New Funding Raised: $200M, Series A

Round Investors: Capricorn Investment Group (lead), Hudson River Trading (lead), John Doerr (lead), Matter Venture Partners (lead), Socratic Partners (lead)

🚀Growth Focus: Support to complete development of its networking platform and bring the system to market as demand for large-scale AI infrastructure continues to surge among hyperscalers, AI research labs, and emerging cloud providers.

HQ: Saratoga, CA

Industry: Computer Networking Products

Employee Count: 69

PactFi’s fintech platform transforms the infrastructure on which the private asset market operates, allowing private credit market players to scale operations, digitize data, and make business more liquid and secure.

New Funding Raised: $25M, Series A

Round Investors: 7RIDGE (lead), Vestigo Ventures

🚀Growth Focus: Expand industry relationships and drive adoption among counterparties and service providers such as administrative agents.

HQ: New York, NY

Industry: Software Development

Employee Count: 34

Rebar develops AI-powered HVAC estimating software that automates material takeoffs and improves the speed and accuracy of project bids, enabling HVAC suppliers and distributors to prepare consistent estimates faster while maintaining control, data privacy, and organization-specific standards.

New Funding Raised: $14M, Series A

Round Investors: Prudence (lead), Founder Collective, Optimist Ventures, Villain Capital

🚀Growth Focus: Expand its operating system and develop additional agentic solutions that address more workflows across the HVAC value chain.

HQ: New York, NY

Industry: Construction

Employee Count: 36

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Nectir develops a social platform that encourages collaborative learning by connecting students in the same classes, allowing students to better connect with the student body and with professors.

New Funding Raised: $12.5M, Series A

Round Investors: Rethink Impact (lead), Strada, GingerBread Capital

🚀Growth Focus: Expand its platform designed specifically for higher education institutions.

HQ: Los Angeles, CA

Industry: Education

Employee Count: 21

Amigo AI operates an AI-based clinical agent infrastructure to optimize healthcare delivery, enabling healthcare providers to deploy scalable, reliable, and context-aware digital agents that reduce human escalation, improve care quality, and maintain transparency across patient engagements.

New Funding Raised: $11M, Series A

Round Investors: Madrona (lead), Optum Ventures

🚀Growth Focus: Expand the development and deployment of its clinical AI agents and scale its platform for healthcare organizations globally.

HQ: New York, NY

Industry: Technology, Information, and Internet

Employee Count: 60

Lux Aeterna develops reusable satellite platforms for space operations, allowing industries to get a flexible, fleet-based model built to scale with the future of launch.

New Funding Raised: $10M, Seed

Round Investors: Konvoy (lead), Space Capital, Channel 39 Ventures, Cubit Capital

🚀Growth Focus: Accelerate development and manufacturing of its flagship spacecraft, Delphi.

HQ: Defense and Space Manufacturing

Industry: Denver, CO

Employee Count: 10

AgentMail’s AI-based email Infrastructure platform allows agents to have their own inbox, enabling users to get automatic labeling with user-defined prompts for semantic search across every inbox in their organization and structured data extraction.

New Funding Raised: $6M, Seed

Round Investors: General Catalyst (lead), Karim Atiyeh, Y Combinator, Paul Copplestone

🚀Growth Focus: Expand the engineering team and its platform, and accelerate developer and agent adoption.

HQ: Technology, Information, and Internet

Industry: San Francisco, CA

Employee Count: 7

🌍 EMEA

Legora develops an AI assistant that adapts ways of legal working, unlocking team and machine collaboration at scale, allowing lawyers to dedicate time to strategic decision-making and achieving favorable user outcomes.

New Funding Raised: $550M, Series D

Round Investors: Accel (lead), Salesforce Ventures, Menlo Ventures, General Catalyst

🚀Growth Focus: Accelerate its expansion across the United States.

HQ: Stockholm, Sweden

Industry: Software Development

Employee Count: 338

Vitestro develops medical robotic devices for use in hospitals and clinical laboratories, enabling doctors to perform operations without creating any complications and improving patient health.

New Funding Raised: $70M, Series B

Round Investors: LabCorp Venture Fund, Puma Venture Capital, Intervest, Sonder Capital

🚀Growth Focus: Accelerate development of its robotic phlebotomy platform and expand commercial readiness.

HQ: Utrecht, Netherlands

Industry: Medical Equipment Manufacturing

Employee Count: 14

KAST operates a neo-bank platform that reduces friction in making international payments by bypassing traditional banking networks, allowing users to spend stablecoin holdings at merchants who don't support crypto transactions.

New Funding Raised: $80M, Series A

Round Investors: Left Lane Capital (lead), QED Investors (lead), DST Global, Peak XV Partners

🚀Growth Focus: Expand across Latin America, North America, and the Middle East, and accelerate licensing, compliance, product development, and headcount growth.

HQ: Mutsamudu, Comoros

Industry: Financial Services

Employee Count: 155

Saltz operates a food sourcing marketplace that simplifies procurement for restaurants and food service businesses, enabling restaurants and chefs to source meat, seafood, and specialty ingredients directly from verified producers and distributors.

New Funding Raised: €20M, Series A

Round Investors: Lifeline Ventures, European Bank for Reconstruction and Development, Mantas Mikuckas, Change Ventures

🚀Growth Focus: Accelerate expansion across Europe and further develop technology for cross-border food trade.

HQ: Vilnius, Lithuania

Industry: Software Development

Employee Count: 47

Seprify manufactures cellulose-based white pigments that replace titanium dioxide, allowing various industries to produce sustainable and safe products.

New Funding Raised: €13.4M, Series A

Round Investors: Zürcher Kantonal Bank, Una Terra, Inter Ikea, Cambridge Enterprise Ventures

🚀Growth Focus: Support the transition of its cellulose platform from pilot validation into procurement-ready industrial supply.

HQ: Marly, Switzerland

Industry: Chemical Manufacturing

Employee Count: 22

Captur develops a quality control automation platform that helps supply chains reduce the risk of churn on a large scale, enabling businesses and users to build user trust with a transparent process.

New Funding Raised: $6M, Seed

Round Investors: Rally Ventures (lead), Sure Valley Ventures, VENTIUR, DOMO.VC

🚀Growth Focus: Expand its team and accelerate product development as it scales its edge AI engine across new industries, including logistics, micro-mobility, and retail.

HQ: London, England

Industry: Software Development

Employee Count: 29

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