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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: @overheard_sales

Daily Deals 💸

🌎 Americas

Fireworks AI develops a generative AI platform that builds and runs AI agents and applications, enabling developers and businesses to scale at a faster rate through rapid product iteration building and minimizing cost to serve.

New Funding Raised: $1.5B, Series D

Round Investors: Atreides Management (lead), Index Ventures (lead), TCV (lead), NVIDIA

🚀Growth Focus: Expand its infrastructure for training and serving customized AI models as enterprises increasingly adopt open-source AI tailored to proprietary business data and workflows.

HQ: San Mateo, CA

Industry: Software Development

Employee Count: 274

Wonder develops an online platform for food delivery and restaurant services for a new kind of home dining experience, allowing users to order multiple cuisines in a single order with free delivery and access diverse food options with efficiency and convenience.

New Funding Raised: $650M, Series D

Round Investors: New Enterprise Associates, Google Ventures, Kayne Anderson Rudnick (KAR), ARK Investment Management

🚀Growth Focus: Expand its physical footprint, grow its food marketplace, and invest in robotics and AI as it scales its vertically integrated food technology platform.

HQ: New York, NY

Industry: Food & Beverages

Employee Count: 10330

Spectro Cloud’s Kubernetes enterprise management platform makes complex Kubernetes environments simple and manageable, enabling businesses to deploy and manage clusters on public clouds, data centers, private clouds, bare metal, or edge.

New Funding Raised: $100M, Series D

Round Investors: Goldman Sachs Alternatives (lead)

🚀Growth Focus: Expand PaletteAI capabilities that help customers get more value from AI infrastructure by improving utilization, controlling token costs, and governing AI environments at scale.

HQ: San Jose, CA

Industry: Software Development

Employee Count: 307

Fora operates an AI-enabled travel advisor platform that supports planning, booking, and management of travel businesses, allowing independent travel advisors and travel entrepreneurs to operate and scale travel businesses while delivering customized trip planning and access to travel perks.

New Funding Raised: $60M, Series D

Round Investors: Forerunner (lead), Tactile Ventures (lead), Thrive Capital, Tribeca Venture Partners

🚀Growth Focus: Expand its AI assistant, Via, to help travel advisors automate administrative tasks.

HQ: New York, NY

Industry: Technology, Information and Internet

Employee Count: 5297

Trellis Bioscience uses cellSpot technology to derive rare antibodies from healthy donor blood for infectious diseases and cancer, offering alternatives when the immune system attacks protein therapeutics, and ensuring safe, effective medical care.

New Funding Raised: $9M, Series C

Round Investors: Easton Capital, The Doctor Group, AMR Action Fund, New Science Ventures

🚀Growth Focus: Advance clinical development of Calpurbatug (TRL1068), an investigational monoclonal antibody for chronic prosthetic joint infections.

HQ: Redwood City, CA

Industry: Biotechnology Research

Employee Count: 17

Nous Research develops human-centric AI models for enhancing reasoning and adaptability in real-world applications, allowing developers to create AI systems that align with practical user experiences.

New Funding Raised: $75M, Series B

Round Investors: Robot Ventures (lead), Union Square Ventures

🚀Growth Focus: Expand Hermes’ products and business model further.

HQ: Austin, TX

Industry: Technology, Information and Internet

Employee Count: 55

RapidPulse develops medical devices for the treatment of ischemic stroke, enabling hospitals to improve outcomes in the neurovascular domain.

New Funding Raised: $48M, Series B

Round Investors: Medtronic (lead), S3 Ventures (lead), TechWald Holding S.p.A. (lead), SBI Investment

🚀Growth Focus: Support completion of its ongoing investigational device exemption study entitled thrombectomy using pulsed aspiration for reperfusion of brain occlusions, and further expansion of its patented and proprietary technology platform, which includes a full line of catheter sizes.

HQ: Miami, FL

Industry: Medical Equipment Manufacturing

Employee Count: 12

ABCS Insights’s marketing insights platform measures advertising performance and improves transparency, allowing advertisers and publishers to evaluate and optimise campaign performance.

New Funding Raised: $50M, Series A

Round Investors: Volition Capital (lead)

🚀Growth Focus: Expand its executive leadership team as it seeks to redefine how brands measure marketing performance across the customer journey.

HQ: Kissimmee, FL

Industry: Market Research

Employee Count: 68

Sable develops AI agents that run and explain software demos at scale, enabling sales and product teams to demonstrate software effectively and consistently.

New Funding Raised: $45M, Series A

Round Investors: 8VC (lead), Sequoia Capital (lead), Valor Atreides AI Fund, SV Angel

🚀Growth Focus: Expand operations and its development efforts.

HQ: San Francisco, CA

Industry: Artificial Intelligence

Employee Count: 50

🌍 EMEA

AdvanCell operates radiopharmaceutical therapies that treat cancer using targeted alpha-emitting radionuclides, allowing healthcare providers to access targeted cancer therapies that improve treatment outcomes.

New Funding Raised: $315M, Series D

Round Investors: Ally Bridge Group (lead), Alpha Wave Global (lead), Catalio Capital Management, Velosity Capital

🚀Growth Focus: Advance ADVC001 toward Phase 3 clinical development in metastatic prostate cancer, expand its proprietary Lead-212 platform, strengthening isotope supply and expanding U.S. manufacturing infrastructure to support Phase 3 development and future commercial demand, and accelerate AdvanCell’s growing pipeline of targeted alpha therapies.

HQ: Boston, MA

Industry: Biotechnology Research

Employee Count: 94

SWISSto12 manufactures satellite and radio frequency technologies that support space communication and orbital mission requirements, enabling commercial operators and government organizations to deploy space-based services with reduced development timelines and efficient payload integration.

New Funding Raised: $70M, Series C

Round Investors: [Not Disclosed]

🚀Growth Focus: Scale its manufacturing and integration capacity to meet accelerating demand from commercial and sovereign government customers.

HQ: Renens, Switzerland

Industry: Telecommunications

Employee Count: 238

Applied Computing operates as an information technology company catering to the energy, mining, manufacturing, and transportation industries, allowing businesses to have on-device artificial intelligence execution, bypassing cloud constraints and real-time adaptation to evolving conditions.

New Funding Raised: €17.4M, Series A

Round Investors: KBR (lead)

🚀Growth Focus: Support its continued international expansion, accelerate commercial deployment with global energy operators, and deepen investment in its AI research organisation.

HQ: London, England

Industry: Technology, Information and Internet

Employee Count: 49

Nopan develops a payment infrastructure platform that manages account and wallet transactions for merchants and fintechs, enabling merchants and payment providers to streamline transactions, reduce overhead, improve transparency, safeguard data, and enhance profitability.

New Funding Raised: €7.2M, Seed

Round Investors: Newion (lead), Crane Venture Partners, Seedcamp

🚀Growth Focus: Expand its payment method coverage across the continent, providing merchants with broader access to local and pan-European options.

HQ: Amsterdam, Netherlands

Industry: Financial Services

Employee Count: 12

microagi develops AI-powered robotic automation systems, allowing businesses to deploy intelligent robots across industrial and commercial operations at scale.

New Funding Raised: $55M, Seed

Round Investors: Hummingbird Ventures (lead), Northzone, LocalGlobe, redalpine

🚀Growth Focus: Scale its data platform across global manufacturing conglomerates, fund the expansion of its newly opened research headquarters in Zurich, Switzerland, and accelerate strategic technical hiring.

HQ: Munich, Germany

Industry: Robotics Engineering

Employee Count: 46

Promptwatch develops a comprehensive platform that tracks brands that are mentioned across various AI platforms and compares their visibility against competitors, enabling businesses seeking online presence to increase awareness, measure perception, and stay prominent in AI-driven discovery.

New Funding Raised: €6M, Seed

Round Investors: seed + speed Ventures (lead), Arches Capital, Blum Ventures

🚀Growth Focus: Scale AI search optimisation platform.

HQ: Amsterdam, Netherlands

Industry: Technology, Information and Internet

Employee Count: 16

Sales Gigs 🏆

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