💰The Funding Letter #1711: July 11

Varda, Harmonic, Spacelift, and more...

July 11, 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

Varda is a manufacturer of spacecraft infrastructure to create products in space for terrestrial applications, enabling the manufacturing industry to produce sustainability by eliminating the need to destructively extract the Earth's resources. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $187M, Series C

Round Investors: Natural Capital (lead), Shrug Capital (lead), Founders Fund, Lux Capital

🚀Growth Focus: Increase its flight cadence and build out the pharmaceutical lab that will deliver the world's first microgravity-enabled drug formulation.

HQ: El Segundo, CA

Industry: Defense and Space Manufacturing

Employee Count: 159 (⚡19% increase in last 6 months)

Spacelift has developed an orchestration platform to automate the management of cloud infrastructure, allowing clients to perform their tasks and save time developingin their applications. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $51M, Series C

Round Investors: Five Elms Capital (lead), Inovo.vc, Endeavor Catalyst

🚀Growth Focus: Accelerate product innovation and expand enterprise adoption.

HQ: Redwood City, CA

Industry: Software Development

Employee Count: 126

🔥Open Sales Gigs: Currently Hiring

Harmonic is an AI company developing Mathematical Superintelligence and provides AI rooted in mathematical rigor to eliminate hallucinations and guarantee accuracy, enabling reliable, next-gen AI systems. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $100M, Series B

Round Investors: Kleiner Perkins (lead), Paradigm, Ribbit Capital, Sequoia Capital

🚀Growth Focus: Accelerate momentum at the frontier of mathematical reasoning and its rapid progress towards commercializing its flagship model, Aristotle.

HQ: Palo Alto, CA

Industry: Software Development

Employee Count: 37

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