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

Hit the Gong 🎉

Daily Deals 💸

🌎 Americas

Together AI develops an AI cloud platform for running inference, fine-tuning models, and managing clusters, enabling researchers, developers, and enterprises to deploy, train, and serve AI models with scalable compute infrastructure and access to the full generative stack.

New Funding Raised: $800M, Series C

Round Investors: Aramco Ventures (lead), Lux Capital, S Ventures, General Catalyst

🚀Growth Focus: Expand its products and features and scale its capacity and infrastructure footprint, which the company expects to grow roughly 50-fold over the next five years.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 403

Higharc’s homebuilding platform creates customized home designs, allowing firms to eliminate material waste and costly errors that improve user experience and ultimately deliver better-built homes.

New Funding Raised: $95M, Series C

Round Investors: Insight Venture Management (lead), LLC. (lead), SE Ventures, Suffolk Technologies

🚀Growth Focus: Scale its AI product development, expand its core platform architecture to a broader segment of the residential housing market, and onboard building materials suppliers onto its data network.

HQ: Durham, NC

Industry: Software Development

Employee Count: 198

Twelve Labs develops a multimodal AI platform that brings human-like video understanding to any application, enabling businesses to create embeddings from videos to power downstream tasks.

New Funding Raised: $100M, Series B

Round Investors: Naver Ventures (lead), New Enterprise Associates (lead), Quadrille Capital, Amazon

🚀Growth Focus: Support to invest in research and development in San Francisco and Seoul, and support geographic growth, with new offices in New York and London to serve demand from global customers.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 192

Aligned operates a user-facing digital platform for conversation with prospective buyers, allowing users to manage and share their marketing content and sales process with prospects.

New Funding Raised: $60M, Series B

Round Investors: PeakSpan Capital (lead), NFX, Hetz Ventures, JAL Ventures

🚀Growth Focus: Accelerate its transition into a fully agentic deal-execution layer, expand its core engineering workforce, and finance its commercial scale across the enterprise business software market.

HQ: New York, NY

Industry: Software Development

Employee Count: 71

Materna Medical develops medical technologies for women's pelvic health, enabling healthcare providers to improve obstetric and gynecologic care through innovative diagnostic and therapeutic solutions.

New Funding Raised: $5M, Series B

Round Investors: InnovaHealth Partners (lead), Band of Angels, Wavemaker 360, Band of Angels

🚀Growth Focus: Advance its mission of improving outcomes in women’s pelvic health and transforming the standard of care in labor and delivery.

HQ: Mountain View, CA

Industry: Medical Equipment Manufacturing

Employee Count: 35

Venice operates an AI platform that provides private access to generative AI tools, allowing individuals and developers to create content and applications while maintaining data privacy.

New Funding Raised: $65M, Series A

Round Investors: Dragonfly (lead), F-Prime, Coinbase Ventures, North Island Ventures

🚀 Growth Focus: Begin buying GPUs and building its own data centers to increase gross margins.

HQ: Seattle, WA

Industry: Technology, Information and Internet

Employee Count: 23

Oxmiq Labs develops a hardware and software platform that accelerates AI workloads and agent-based computing, enabling AI researchers, enterprises, and developers to efficiently run large models, manage complex workflows, and achieve higher performance in AI applications.

New Funding Raised: $35M, Series A

Round Investors: Fundomo (lead), Samsung Catalyst Fund (lead), CDIB -TEN Capital, Darwin Ventures

🚀Growth Focus: Scale mass production and licensing pipelines for its core GPU architecture, accelerate the adoption of its chiplet integration frameworks, and expand its hardware-software customer engineering teams.

HQ: Campbell, CA

Industry: Technology, Information and Internet

Employee Count: 47

Pie operates an AI marketing platform for running and optimizing local business advertising campaigns, allowing local businesses and service providers to reach users who are actively searching, manage advertising tasks with less manual work, and track campaign performance across multiple discovery channels.

New Funding Raised: $19.5M, Series A

Round Investors: Lightspeed Venture Partners (lead), Cambrian Ventures, Commerce Ventures, Capital One Ventures

🚀Growth Focus: Scale its platform distribution model, deepen its product suite, and grow its team.

HQ: New York, NY

Industry: Technology, Information and Internet

Employee Count: 3

Integral Privacy Technologies operates a data intelligence platform that revolutionizes how analysis happens in healthcare, enabling businesses of all sizes to access, transform, and utilize their data for decision-making.

New Funding Raised: $18M, Series A

Round Investors: Array Ventures, LiveRamp, WS Investments, GreatPoint Ventures

🚀Growth Focus: Expand its privacy engineering and statistical methodology divisions, invest in continuous risk-assessment linkage infrastructure, and accelerate its go-to-market operations across global AI development labs.

HQ: San Francisco, CA

Industry: Data Infrastructure and Analytics

Employee Count: 40

Queue develops autonomous robotic pharmacy technology, allowing pharmacies to automate prescription dispensing and verification while improving efficiency and reducing patient wait times.

New Funding Raised: $12.6M, Seed

Round Investors: AlleyCorp (lead), John Whaley, Ubiquity Ventures, Moshe Lifschitz

🚀Growth Focus: Accelerate product development, expand deployments with enterprise pharmacy customers, and grow its engineering team.

HQ: Palo Alto, CA

Industry: Robotics Engineering

Employee Count: 50

Arcturus manufactures advanced conductive materials that improve conductivity and strength in metal-based systems, enabling energy, electrification, and industrial sectors to enhance performance at high temperatures.

New Funding Raised: $8M, Seed

Round Investors: Initialized Capital (lead), Wireframe Ventures, 1517 Fund, Breakthrough Energy Ventures

🚀Growth Focus: Expand the team, accelerate manufacturing scale-up, and advance commercialization across electric motors, thermal management systems, data center infrastructure, and grid applications.

HQ: Los Angeles, CA

Industry: Nanotechnology Research

Employee Count: 10

Avenue Capital Group develops and manages alternative investment strategies, allowing institutional and private investors to access opportunistic credit, distressed debt, and special situations investments across global markets.

New Funding Raised: $250M, Private Equity

Round Investors: Partners Group

🚀Growth Focus: Expand operations and its development efforts.

HQ: New York, NY

Industry: Investment Management

Employee Count: 244

Bubble Down operates car wash facilities, enabling vehicle owners to access environmentally friendly cleaning services with modern wash technology and customer-focused service.

New Funding Raised: $200M, Private Equity

Round Investors: BTG Pactual Strategic Capital

🚀Growth Focus: Scale up while maintaining its focus on operational excellence, community engagement, and customer experience.

HQ: Tampa, FL

Industry: Retail

Employee Count: 22

🌍 EMEA

Telum Therapeutics develops engineered biologic antimicrobial agents that address multidrug-resistant bacterial infections, allowing healthcare systems, hospitals, and clinicians with novel therapeutic alternatives where conventional antibiotics have become ineffective due to bacterial resistance.

New Funding Raised: €18M, Series A

Round Investors: AMR Action Fund (lead), Clave Capital, Inveready, SODENA

🚀Growth Focus: Advance its lead program targeting hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia caused by Acinetobacter baumannii.

HQ: Noáin, Spain

Industry: Biotechnology

Employee Count: 20

6 Robotics OÜ develops autonomous defense systems, enabling military and allied forces to enhance operational capabilities through robotic and unmanned warfare technologies.

New Funding Raised: €12M, Seed

Round Investors: DTCP (lead), Scale Capital, Export and Investment Fund

🚀Growth Focus: Accelerate product development, expand customer deployments across European and allied defense markets, and grow the team to support continued scaling.

HQ: Oslo, Norway

Industry: Software Development

Employee Count: 61

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