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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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Daily Deals 💸

🌎 Americas

Chai Discovery develops an AI-based molecular interactions platform for molecular structure prediction that performs state-of-the-art across tasks relevant to drug discovery, enabling researchers to get unified predictions of proteins, small molecules, DNA, RNA, and covalent modifications.

New Funding Raised: $400M, Series C

Round Investors: Index Ventures (lead), Kleiner Perkins, OpenAI, Sapphire Ventures

🚀Growth Focus: Accelerate its AI platform for molecular design.

HQ: San Francisco, CA

Industry: Technology, Information and Internet

Employee Count: 36

Lyzr operates an agent infrastructure platform for building reliable AI Agents for data analysis and decision-making purposes, allowing businesses to extract valuable insights from large datasets, optimise operations, and enhance strategic planning across various industries.

New Funding Raised: $100M, Series B

Round Investors: [Not Disclosed]

🚀Growth Focus: Expand its agentic platform, deepen integrations with enterprise data systems, and scale its go‑to‑market motion.

HQ: Jersey City, NJ

Industry: Technology, Information and Internet

Employee Count: 196

InstaLILY AI develops enterprise AI systems for operational and sales workflows in the physical goods economy, enabling distributors, field-service organizations, and other physical economy businesses to automate quoting, follow-ups, inventory and pricing resolution, operational coordination, and institutional knowledge management without replacing existing software infrastructure.

New Funding Raised: $60M, Series B

Round Investors: Energize Capital (lead), Home Depot Ventures, United Rentals, Insight Partners

🚀 Growth Focus: Launch a new AI tool, Lily, as an AI-forward, deployed engineer designed to build, deploy, and continuously maintain software within enterprise businesses.

HQ: New York, NY

Industry: Software Development

Employee Count: 134

Mighty Therapeutics develops novel therapeutic compounds for the treatment of mitochondrial dysfunctions, allowing patients to improve muscle strength and slow disease progression through therapies that address underlying mitochondrial dysfunction.

New Funding Raised: $25M, Series B

Round Investors: Morningside (lead)

🚀Growth Focus: Accelerate its commercial activities and advance its pioneering work in mitochondrial medicine.

HQ: Newton, MA

Industry: Biotechnology Research

Employee Count: 20

TerraFirma provides a construction technology system that revolutionizes large-scale physical infrastructure, enabling users to reduce construction costs and transform critical infrastructure on earthmoving machines.

New Funding Raised: $115M, Series A

Round Investors: Kleiner Perkins (lead), Bain Capital Ventures, Magnetar Capital, Definition

🚀Growth Focus: Support the expansion of its engineering, manufacturing, operations, and construction teams, as well as the continued development of its semi-autonomous heavy equipment systems.

HQ: Austin, TX

Industry: Robotics Engineering

Employee Count: 26

Singularity manufactures low-cost air defense interceptor systems that counter mass-produced aerial threats at scale, allowing military and allied defense forces to deploy affordable and scalable air defense capabilities against drones, glide bombs, and other low-cost munitions.

New Funding Raised: $80M, Series A

Round Investors: Felicis (lead), Khosla Ventures (lead), Decisive Point, Soma Capital

🚀Growth Focus: Accelerate development, testing, manufacturing, and deployment of air defense capabilities.

HQ: El Segundo, CA

Industry: Defense and Space Manufacturing

Employee Count: 200

Feathery develops a low-code platform that helps product teams build forms and user journeys, enabling businesses to build customizable and developer-friendly forms and unlock ownership, speed, and control for all users.

New Funding Raised: $30M, Series A

Round Investors: Portage Ventures (lead), Clocktower Technology Ventures, Bain Capital Ventures, Allstate Strategic Ventures

🚀Growth Focus: Expand its AI operating and decisioning platform for financial institutions.

HQ: San Francisco, CA

Industry: Technology, Information and Internet

Employee Count: 53

Corner Health’s nurse practitioner management platform helps start and manage primary care, allowing users to launch practices, become in-network providers, and focus on delivering patient care.

New Funding Raised: $25M, Series A

Round Investors: Oak HC/FT (lead), First Round Capital, Zigg Capital

🚀Growth Focus: Expand its team, deepen its technology platform, and launch in additional states.

HQ: Santa Monica, CA

Industry: Hospitals and Health Care

Employee Count: 16

Pact Labs develops a financial technology platform that focuses on bridging the gap between US hedge funds and providing private credit assets in emerging markets, enabling users to get market-specific legal templates that align with local regulations to minimize the initial costs for both investors and originators.

New Funding Raised: $7M, Series A

Round Investors: Tether (lead), Lasagna, Blockchange Ventures

🚀Growth Focus: Accelerate the buildout of infrastructure, bringing USA₮, a U.S. dollar-backed stablecoin issued by Anchorage Digital Bank, N.A., which Tether has collaborated to launch, to payroll, earned wage access, credit, and payments for millions of American workers.

HQ: San Francisco, CA

Industry: Technology, Information and Internet

Employee Count: 12

Linker Finance develops a digital banking platform that supports retail and commercial banking operations, allowing financial institutions to streamline customer onboarding and digital banking processes.

New Funding Raised: $5M, Seed

Round Investors: 22nd State Banking Company, Angeles Investors, Chingona Ventures, TenOneTen Ventures

🚀Growth Focus: Support its continued product development across retail banking, business onboarding, and business banking, while accelerating investment in its proprietary Agentic AI Customer Intelligence layer and expanding its multi-rail payments infrastructure.

HQ: Pasadena, CA

Industry: Financial Services

Employee Count: 26

🌍 EMEA

Neko Health builds medical scanning technology that helps people stay healthy through preventive measures and early detection, enabling individuals to identify potential health conditions early and monitor their health over time.

New Funding Raised: $700M, Series C

Round Investors: Lightspeed Venture Partners (lead), O.G. Venture Partners (lead), Danny Meyer, Jessie Inchauspé

🚀Growth Focus: Support US expansion, new clinics, and continued development of its proprietary hardware and health data platform.

HQ: Stockholm, Sweden

Industry: Hospitals and Health Care

Employee Count: 657

Valarian Technologies develops secure data compartmentalization and communication infrastructure that enforces digital sovereignty and operational security, allowing organizations to maintain complete control over sensitive data flows, enforce regulatory compliance, and operate with mission-critical security resilience.

New Funding Raised: $50M, Series A

Round Investors: New Enterprise Associates (lead), XTX Markets, Gokul Rajaram, sequel

🚀Growth Focus: Accelerate delivery of infrastructure sovereignty across enterprise and government environments.

HQ: London, England

Industry: Software Development

Employee Count: 32

Project Q operates a defense systems integration platform that connects sensors, command-and-control systems, and effectors, enabling defense organizations to integrate heterogeneous systems into interoperable operational networks without vendor lock-in.

New Funding Raised: €15M, Series A

Round Investors: Expeditions (lead), Heliad AG, Project A Ventures, Hensoldt

🚀Growth Focus: Support toward the further development of HYDRIS, the European open-source integration and orchestration platform

HQ: Berlin, Germany

Industry: Software Development

Employee Count: 37

Prolo develops an AI-assisted procurement service platform for sourcing and purchasing needs in construction projects, allowing construction contractors and developers to source materials faster, improve cash flow management, and reduce procurement time and costs.

New Funding Raised: £4.2M, Seed

Round Investors: Triple Point Ventures (lead), Koro Capital, Anamcara Capital, Love Ventures, Haatch

🚀Growth Focus: Expand operations and development efforts, and accelerate go-to-market sales and marketing, while accelerating new technology and product rollouts to support its growing base of SME contractor customers.

HQ: London, England

Industry: Construction

Employee Count: 20

Finto provides enterprise-grade automation software for invoice management and financial process optimization, enabling medium- to large-sized enterprises to reduce manual effort and processing time and promote accuracy in accounts payable workflows.

New Funding Raised: $3.4M, Seed

Round Investors: Gradient (lead), Lightspeed Venture Partners, Y Combinator

🚀Growth Focus: Accelerate the development of its automated financial platform, tap into technical talent at the Technical University of Munich, and scale product adoption across Europe’s industrial mid-market.

HQ: München, Germany

Industry: Software Development

Employee Count: 10

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