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

Hit the Gong 🎉

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Source: @sales_bant_er

Daily Deals 💸

🌎 Americas

SambaNova develops chip-to-model computing built for an AI platform that powers machine learning and data analytics, enabling manufacturers to use AI-powered hardware to create efficient algorithms driven by the pursuit of intelligence.

New Funding Raised: $1B, Series F

Round Investors: General Atlantic (lead), Assam Ventures, Kabila Capital, Qatar Investment Authority

🚀Growth Focus: Expand capacity, accelerate product innovation, and scale deployments for enterprises, neo-clouds, sovereign AI customers, and service providers worldwide.

HQ: San Jose, CA

Industry: Computer Hardware Manufacturing

Employee Count: 407

Allotera Therapeutics operates an allosteric drug discovery platform that identifies selective therapeutic targets for complex diseases, allowing biotechnology and pharmaceutical companies to discover allosteric drug targets and develop more selective therapies.

New Funding Raised: $35M, Series C

Round Investors: Fidelity (lead), Blood Cancer United, Inc.

🚀Growth Focus: Support the ongoing global pivotal T-RRex clinical trial of Soficabtagene Geleucel, also known as Sofi-cel, in relapsed or refractory T-cell acute lymphoblastic leukemia and T-cell lymphoblastic lymphoma.

HQ: St Louis, MO

Industry: Biotechnology Research

Employee Count: 50

Hippo Harvest operates a controlled environment agriculture company that provides an ideal growing environment with a focus on food safety and quality, enabling consumers to purchase fresh green food products at affordable prices.

New Funding Raised: $30M, Series C

Round Investors: Cox Farms (lead), Fresh Investment Club, Congruent Ventures, Collaborative Fund

🚀Growth Focus: Support to provide a 30-acre expansion at a new Hollister, CA facility, currently in permitting, and the development of its robotic growing system, expanding growing capacity from one acre today and accelerating the commercialization of indoor-grown Spinach.

HQ: Pescadero, CA

Industry: Farming

Employee Count: 37

Vendelux develops a sales and event marketing platform for marketers to have assistance in engaging with their users, allowing marketers to search for users, track competitors, and improve event return on investment.

New Funding Raised: $50M, Series B

Round Investors: Tribeca Venture Partners (lead), Pelion Venture Partners, FirstMark, S3 Ventures

🚀Growth Focus: Expand its AI-powered platform that helps B2B companies identify, prioritize, and measure in‑person event opportunities.

HQ: New York, NY

Industry: Technology, Information and Media

Employee Count: 113

Velocity develops an AI-based monetization and distribution platform that powers revenue and growth for developers and connects advertisers with real-time audiences, enabling users to build sustainable businesses and streamline their operations.

New Funding Raised: $27M, Seed

Round Investors: NFX (lead), Red Dot Capital Partners (lead), Stardom Ventures, Transcend.

🚀Growth Focus: Support to help AI-native software companies turn rapid user growth into sustainable revenue.

HQ: New York, NY

Industry: Advertising Services

Employee Count: 50

QIZ Security offers cryptographic risk management software to enhance enterprise security governance, reduce cryptographic exposure, and manage encryption-related operations and compliance.

New Funding Raised: $17M, Seed

Round Investors: Bessemer Venture Partners (lead), Merlin Ventures (lead), Qino Cyber Capital, Qbeat Ventures

🚀Growth Focus: Accelerate the development and expansion of its cryptographic posture and Post-Quantum Cryptography management platform.

HQ: New York, NY

Industry: Computer and Network Security

Employee Count: 21

M1X Global develops blockchain-based capital markets infrastructure that supports sovereign and institutional use of digital assets, enabling governments and institutions to issue and manage digital securities within regulated environments.

New Funding Raised: $5.5M, Seed

Round Investors: Paradigm (lead), Breed VC

🚀Growth Focus: Scale its engineering and compliance teams, and accelerate the development of 24/7 programmable public market systems.

HQ: New York, NY

Industry: Financial Services

Employee Count: 10

Piq Energy develops grid study technology that supports the execution of electrical interconnection analysis and transmission modeling processes, allowing renewable-energy and data-center developers to access transmission planning and interconnection analysis workflows.

New Funding Raised: $5M, Seed

Round Investors: Active Impact Investments (lead), New Climate Ventures, Mobilize AI x Energy VC, Umami Capital

🚀Growth Focus: Expand operations and its development efforts.

HQ: San Francisco, CA

Industry: Energy Technology

Employee Count: 17

🌍 EMEA

Leo Cancer Care develops a cancer treatment system that simplifies cancer radiation therapy, enabling cancer care centers to reduce the pain and cost of chemo and radiation therapy.

New Funding Raised: $65M, Series D

Round Investors: Yu Galaxy (lead), Eventide

🚀Growth Focus: Scale manufacturing, accelerate commercial deployment, and continue clinical and product development.

HQ: Crawley, England

Industry: Medical Equipment Manufacturing

Employee Count: 123

Alchemab Therapeutics provides natural protective antibodies that keep people free of hard-to-treat diseases in a transformative approach, allowing patients to control the power of naturally protective antibodies and get themselves treated.

New Funding Raised: £25M, Series A

Round Investors: British Business Bank (lead), Lightstone Ventures, RA Capital Management, Eli Lilly

🚀Growth Focus: Build its clinical pipeline and grow its proprietary antibody dataset to more than a billion sequences.

HQ: London, England

Industry: Biotechnology Research

Employee Count: 72

Axle Energy operates an energy software platform that connects home energy devices to electricity markets, enabling households to save on electricity bills.

New Funding Raised: €21M, Series A

Round Investors: Energize Capital (lead), Accel, Eka Ventures, Picus Capital

🚀Growth Focus: Support to fund core software product engineering, accelerate its geographic commercial expansion into European energy markets, and scale its localized cross-border team headcount.

HQ: London, England

Industry: Software Development

Employee Count: 31

Marker develops writing software that helps individuals discover and refine their thoughts, allowing writers to transition from initial ideas to final drafts through a minimalist interface focused on structured thinking and idea development.

New Funding Raised: $13M, Seed

Round Investors: Index Ventures (lead), Cal Henderson, Laura Modiano, Thomas Wolf

🚀Growth Focus: Expand its product development team, accelerate the technical optimization of its writing model infrastructure, and scale its global creator and enterprise user base.

HQ: London, England

Industry: Technology, Information and Internet

Employee Count: 9

Polysense develops machine vision and AI technology that optimizes food manufacturing processes through real-time quality inspection and intelligent process control, enabling food manufacturers to minimize waste, reduce costs, and enhance operational sustainability.

New Funding Raised: $10.7M, Seed

Round Investors: Felix Capital (lead), Fortino Ventures, Syndicate One, 100IN

🚀Growth Focus: Accelerate the adoption of its AI-powered quality control and process optimization platform for food manufacturers.

HQ: Ghent, Belgium

Industry: Software Development

Employee Count: 33

Pixel-Flo develops microLED mass transfer equipment for high-throughput display assembly, allowing display manufacturers to achieve continuous throughput and scalability for large panel production at reduced costs.

New Funding Raised: £5.25M, Seed

Round Investors: Northern Gritstone (lead), SCVC, HTGF (High-Tech Gruenderfonds), Northern Universities Venture Fund

🚀Growth Focus: Advance its MicroLED manufacturing technology, supporting industrial scale-up, product development and international expansion while addressing key manufacturing challenges in next-generation display production.

HQ: Sheffield, England

Industry: Computers and Electronics Manufacturing

Employee Count: 4

Whispp develops AI speech software for individuals with vocal cord impairments and whispered speech conditions, enabling users to improve the clarity and quality of their speech digitally.

New Funding Raised: €5M, Seed

Round Investors: LUMO labs (lead)

🚀Growth Focus: Accelerate the development and global deployment of its real-time, on-device Voice Reconstruction AI technology.

HQ: Leiden, Netherlands

Industry: IT Services and IT Consulting

Employee Count: 20

Sales Gigs 🏆

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