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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 πŸŽ‰

Source: @sales_humor

Daily Deals πŸ’Έ

🌎 Americas

Horizon3.ai develops a security automation platform that performs autonomous penetration testing and operational security assessments, enabling users to find exploitable weaknesses, prioritize fixes, and verify remediation without requiring agents, custom code, or external consultants.

New Funding Raised: $250M, Series E

Round Investors: New Enterprise Associates (lead), NightDragon (lead), EDBI, SAIC

πŸš€Growth Focus: Scale go-to-market operations across enterprise, mid-market, and federal customers, expand internationally into Singapore, Australia, and EMEA.

HQ: San Francisco, CA

Industry: Computer and Network Security

Employee Count: 511

Base Power operates a residential energy and battery backup service that provides electricity and home power protection, allowing homeowners to reduce electricity costs and maintain power during grid disruptions.

New Funding Raised: $1B, Series D

Round Investors: Addition (lead), JP Morgan Chase (lead), Ribbit Capital (lead), Valor Equity Partners (lead)

πŸš€Growth Focus: Expand operations and its development efforts.

HQ: Austin, TX

Industry: Energy Technology

Employee Count: 436

Zenity develops a security and governance platform that protects AI agents across SaaS, cloud environments, and endpoint devices, enabling enterprises to adopt AI confidently while maintaining consistent security and compliance.

New Funding Raised: $125M, Series C

Round Investors: Norwest (lead), SoftBank Vision Fund, DTCP, Intel Capital

πŸš€Growth Focus: Accelerate its global expansion, platform innovation, and ability to meet rapidly growing enterprise demand for AI agent security.

HQ: New York, NY

Industry: Computer and Network Security

Employee Count: 254

Valar Atomics builds modular nuclear reactor technology that provides scalable clean energy using atomic energy, allowing industrial operators, data center providers, and energy-intensive businesses to take advantage of energy density and access scalable, grid-independent clean energy.

New Funding Raised: $1B, Series B

Round Investors: Sequoia Capital (lead), Point72 Ventures, Valor Equity Partners, HOF Capital

πŸš€Growth Focus: Scale manufacturing capacity, expand its fuel production capabilities, and transition from building demonstration prototypes to producing fleets of reactors designed for AI infrastructure and heavy industrial applications.

HQ: El Segundo, CA

Industry: Energy

Employee Count: 144

Mariana Minerals develops a software-first minerals platform that produces critical materials for energy, AI, and defense technologies, enabling energy and defense sectors to secure domestic supply chains for copper, lithium, and nickel.

New Funding Raised: $310M, Series B

Round Investors: Khosla Ventures (lead), Pax Ventures, StepStone Group, The Halo Fund

πŸš€Growth Focus: Expansion of its Copper One project in Utah and Lithium One facility in Texas as it scales domestic production of critical minerals for energy, AI, and defense industries.

HQ: San Francisco, CA

Industry: Metal Ore Mining

Employee Count: 176

Dash Bio develops a clinical bioanalysis platform that offers tech-enabled services for drug development, allowing users to automate critical steps, reduce costs, and shorten time to market without compromising on quality.

New Funding Raised: $30M, Series A

Round Investors: Oak HC/FT (lead), Swift Ventures, Freestyle Capital

πŸš€Growth Focus: Expand its automated bioanalysis platform, laboratory capacity, and commercial operations.

HQ: Boston, MA

Industry: Biotechnology Research

Employee Count: 43

Revoy provides an autonomous EV system that extends range and payload in trucks, enabling users to make their tractors or trucks fuel-efficient without any upfront costs or retrofits.

New Funding Raised: $27M, Series A

Round Investors: Standard Capital (lead), Time Ventures, Y Combinator, XYZ Venture Capital

πŸš€Growth Focus: Build a hybrid-electric long-haul freight network to scale electric dolly for diesel freight trucks.

HQ: San Francisco, CA

Industry: Truck Transportation

Employee Count: 10

Foundation Industries develops industrial components that accelerate hardware prototyping and production for industrial companies, allowing hardware startups and manufacturing teams to streamline product development and shorten production timelines.

New Funding Raised: $25M, Seed

Round Investors: BoxGroup (lead), ZIG Ventures (lead), Offline Ventures, Abstract

πŸš€Growth Focus: Fund core hardware prototyping, scale its software engineering teams, and initiate the construction of its first automated manufacturing facility.

HQ: San Francisco, CA

Industry: Manufacturing

Employee Count: 5

Tasklet’s AI workspace and automation platform enables teams to build, deploy, and manage AI agents that automate workflows, connect business applications, and improve productivity.

New Funding Raised: $13M, Seed

Round Investors: Oleka Capital (lead), Y Combinator, Jeff Dean, Gaingels

πŸš€Growth Focus: Expand operations and its development efforts.

HQ: Covina, CA

Industry: Software Development

Employee Count: 10

Design Arena develops an AI-powered design automation platform that upgrades the way brands and agencies create, scale, and manage visual content across digital channels, allowing users to reduce production time and cost, maintain brand consistency, and optimize creative output for better engagement and ROI.

New Funding Raised: $7.9M, Seed

Round Investors: Index Ventures (lead), A*, Conviction, Valkyrie

πŸš€Growth Focus: Support its growth in the AI evaluation space.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 6Β 

Actualyze AI operates AI governance software that provides enterprise visibility and control, enabling enterprises to manage AI adoption and maintain operational control over distributed workloads.

New Funding Raised: $7M, Seed

Round Investors: Morado Ventures, Canaan Partners, AME Cloud Ventures, Storm Ventures

πŸš€ Growth Focus: Scale operations and expand the platform's capabilities.

HQ: Simi Valley, CA

Industry: Technology, Information and Internet

Employee Count: 10

Curant.ai develops an AI-powered claims platform that modernizes disability insurance workflows, allowing insurance carriers and case managers to reduce manual reconciliation and accelerate claims adjudication processes.

New Funding Raised: $3.1M, Seed

Round Investors: Diagram Ventures (lead), Element Ventures, Humania Assurance, Blue Plains Capital

πŸš€Growth Focus: Accelerate the expansion of its AI platform, deepen partnerships, and help the insurance industry move from isolated automation projects to enterprise-wide AI transformation.

HQ: St George, UT

Industry: Insurance

Employee Count: 5

BrandRank.AI’s brand-monitoring software tracks and analyzes brand presence across generative AI answer engines, enabling businesses and organizations to understand brands' representation, monitor trends, and make informed decisions regarding their digital reputation management.

New Funding Raised: $3M, Seed

Round Investors: Grit Capital Partners (lead), QCA Ventures (lead), Chris Hood, Mercury Fund

πŸš€Growth Focus: Help it accelerate enterprise growth, expand delivery capabilities, and further verticalize its platform in key sectors, building on its current strengths in consumer-packaged goods, nutrition, health, and wellness.

HQ: Cincinnati, OH

Industry: Research Services

Employee Count: 26

🌍 EMEA

OLIX develops an AI deployment platform that supports the operational use of frontier AI systems, allowing organizations to run AI systems reliably and manage the operational complexity of frontier AI deployment.

New Funding Raised: $312M, Series B

Round Investors: Fundomo (lead), Phoenix Court, Hummingbird Ventures, Hudson River Trading

πŸš€Growth Focus: Accelerate the development and manufacturing of its AI chips, scale its engineering teams, and prepare for the delivery of its first products to customers.

HQ: London, England

Industry: Semiconductor Manufacturing

Employee Count: 137

Ore Energy develops an energy storage system that promotes decarbonized electricity, enabling consumers to use renewable energy whenever needed.

New Funding Raised: $43M, Series A

Round Investors: HV Capital (lead), Plural (lead)

πŸš€Growth Focus: Establish its first manufacturing facility, ahead of its target for gigawatt-hour-scale manufacturing in 2028, making renewable electricity available whenever and wherever needed.

HQ: Amsterdam, Netherlands

Industry: Renewable Energy

Employee Count: 43

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