💰The Funding Letter #1687: June 6

Anduril, Vivrelle, Solidroad, and more...

June 06, 2025

Happy Friday! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. Have a nice weekend!

Hit the Gong 🎉

Source: @sales_bant_er

Daily Deals 💸

🌎 Americas

Anduril Industries operates a defense technology company to solve critical challenges in the national security sector, enabling clients to detect, track, and intercept unmanned aircraft and autonomous drone systems. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $2.5B, Series G

Round Investors: Founders Fund (lead)

🚀Growth Focus: Support for finance manufacturing initiatives.

HQ: Orange County, CA

Industry: Defense and Space Manufacturing

Employee Count: 4832 (⚡31% increase in last 6 months)

Allay Therapeutics has developed sustained analgesic products to provide post-surgical pain management and recuperation for patients and physicians, allowing patients to get through the phase of recuperation in a simplified way. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $57.5M, Series D

Round Investors: ClavystBio (lead), Lightstone Ventures (lead), SGInnovate, Maruishi Pharmaceutical Co. Ltd

🚀Growth Focus: Advance ATX101 and its ultra-sustained pain platform for post-surgical pain management.

HQ: San Jose, CA

Industry: Biotechnology Research

Employee Count: 51

Vivrelle operates an online platform that offers subscription-based services to provide a collection of handbags, designer jewelry, fine jewelry, and influencers' closets, enabling users to buy the products or rent them. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $62M, Series C

Round Investors: Protagonist (lead)

🚀 Growth Focus: Expand its showroom presence to new markets, enhance its product assortment, and develop technologies to elevate the member experience further.

HQ: New York, NY

Industry: Retail Luxury Goods and Jewelry

Employee Count: 54

Obvio develops solar-powered cameras to look out for the driver's speed, skip-stop signs, stop lights, reckless driving, and other stop sign violations with installation, allowing clients to improve road traffic safety and prevent road accidents. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $22M, Series A

Round Investors: Bain Capital Ventures (lead), Khosla Ventures, Pathlight Ventures

🚀Growth Focus: Support to deliver AI-powered traffic safety and prevent traffic deaths.

HQ: San Carlos, CA

Industry: Embedded Software Products

Employee Count: 15 (⚡88% increase in last 6 months)

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