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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 🎉

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Source: @sales_bant_er

Daily Deals 💸

🌎 Americas

K2 Space develops aerospace hardware products for space architecture, enabling defense, commercial, and scientific space operators to deploy advanced payloads in low Earth orbit, medium Earth orbit, geostationary orbit, and cislunar space with greater speed and flexibility.

New Funding Raised: $500M, Series D

Round Investors: ICONIQ Capital (lead), Kleiner Perkins (lead), CapitalG, T. Rowe Price

🚀Growth Focus: Scale production of large, high-power satellites for commercial and defense missions.

HQ: Los Angeles, CA

Industry: Defense and Space Manufacturing

Employee Count: 300

Oxide Computer manufactures an integrated rack-scale computer system for on-premises cloud computing, allowing organizations to run workloads on-premises with the efficiency and predictable economics of a true cloud architecture, while maintaining full control over their infrastructure.

New Funding Raised: $445M, Series D

Round Investors: [Not Disclosed]

🚀Growth Focus: Support to invest in its product roadmap, expand manufacturing, and provide best-in-class customer support for enterprises worldwide for years to come.

HQ: Emeryville, CA

Industry: IT Services and IT Consulting

Employee Count: 122

Obsidian Security develops a cybersecurity platform that combats cyber threats across hybrid-cloud environments, enabling enterprises to get intelligent identity protection and frictionless security.

New Funding Raised: $85M, Series D

Round Investors: Crescent Cove Advisors (lead), Wing Venture Capital, Google Ventures, Greylock

🚀Growth Focus: Expand research and development and accelerate go-to-market investments as organizations rapidly adopt AI agents that interact with enterprise software using non-human identities.

HQ: Palo Alto, CA

Industry: Computer and Network Security

Employee Count: 261

HappyRobot operates an enterprise-grade platform that builds, deploys, and monitors an AI workforce to handle end-to-end tasks at scale, allowing logistics businesses to achieve higher operational efficiency and cost savings.

New Funding Raised: $150M, Series C

Round Investors: Eurazeo (lead), Prysm Capital (lead), Y Combinator, Bankinter

🚀Growth Focus: Accelerate investment in its platform, including expanded AI capabilities, enterprise integrations, and the infrastructure required to deploy AI agents at scale.

HQ: San Francisco, CA

Industry: Software Development

Employee Count: 206

Oligo Security develops cybersecurity software that leverages runtime application context while maintaining performance and stability, enabling users to save time and focus on the relevant vulnerabilities that are being used in runtime.

New Funding Raised: $60M, Series C

Round Investors: Eyal Waldman, Greenfield Partners, Lightspeed Venture Partners, Red Dot Capital Partners

🚀Growth Focus: Accelerate product innovation, expand global go-to-market operations, and further advance its mission to help organizations block zero-day and n-day exploits in real time.

HQ: New York, NY

Industry: Computer and Network Security

Employee Count: 129 

Convex provides a reactive backend-as-a-service platform that helps software developers build serverless applications, allowing users to build sophisticated, highly dynamic serverless applications with ease.

New Funding Raised: $57M, Series B

Round Investors: Insight Partners (lead), Etna Labs, Justin Kan, Andreessen Horowitz

🚀Growth Focus: Accelerate its core product development, investments in agentic development tooling, and hiring at its San Francisco headquarters.

HQ: San Francisco, CA

Industry: Technology, Information and Internet

Employee Count: 41

Ambrook develops a financial management platform that helps family-run American businesses become more profitable and resilient, enabling family-owned businesses to stay independent and adapt to climate change, market shifts, and generational transitions.

New Funding Raised: $30M, Series B

Round Investors: Lachy Groom (lead), Cameron Ventures, Tomer London, Guillermo Rauch

🚀Growth Focus: Expand upmarket into bigger agriculture businesses and into new categories like construction, logistics, and real estate.

HQ: New York, NY

Industry: Financial Services

Employee Count: 59

Buzz Solutions’s AI-based analytics platform detects faults and anomalies on power line assets, allowing utility companies to improve efficiency, reduce costs, enhance safety, and ensure regulatory compliance in managing critical infrastructure.

New Funding Raised: $20M, Series A

Round Investors: S3 Ventures (lead), HearstLab, GoPoint Ventures, Blackhorn Ventures

🚀Growth Focus: Accelerate product innovation, expand its go-to-market organization, and deepen customer deployments—as Buzz continues scaling the intelligence layer utilities need to modernize the physical grid, strengthen reliability, and support the next era of power demand.

HQ: Palo Alto, CA

Industry: Utilities

Employee Count: 51

RWX develops a continuous-integration and continuous-delivery platform that streamlines software development, enabling development teams to ship code faster with more efficient, reliable, and scalable build and test workflows.

New Funding Raised: $12M, Series A

Round Investors: Hyde Park Venture Partners (lead), DV, Quiet Capital, R1 Capital

🚀Growth Focus: Expand its cloud infrastructure platform for AI-driven software engineering.

HQ: Columbus, OH

Industry: Software Development

Employee Count: 17

Decade develops an AI-powered wealth management platform, enabling individuals to make informed investment and financial planning decisions through technology and advisory services.

New Funding Raised: $85M, Seed

Round Investors: Greenoaks (lead), Atlantico, Benchmark, Norte Ventures

🚀Growth Focus: Develop an AI-native wealth advisory business in Brazil.

HQ: São Paulo, Brazil

Industry: Technology, Information and Internet

Employee Count: 4

Bloom Security operates an endpoint security platform that secures AI-native enterprise endpoints and protects organizations from risks introduced by local AI agents, browser extensions, and unapproved third-party code, allowing users to gain complete control and governance over their entire endpoint attack surface without slowing down modern employee productivity.

New Funding Raised: $20M, Seed

Round Investors: Glilot Capital Partners (lead), Ten Eleven Ventures (lead), Runtime Ventures, Okta Ventures

🚀Growth Focus: Support its effort to give organizations visibility and control over the software layer on employee endpoints as AI adoption accelerates.

HQ: Wilmington, DE

Industry: Computer and Network Security

Employee Count: 28

Advocate Technologies develops analytics software that protects insurance compliance for firms, enabling users to improve their forecast of investment return on their portfolio and operational performance.

New Funding Raised: $18M, Seed

Round Investors: Vestigo Ventures, Brewer Lane Ventures, MetaProp

🚀Growth Focus: Support the continued expansion of its AI-powered platform, which enables brokers, lenders, risk managers, and commercial property owners to compare insurance pricing and policy coverage against market benchmarks.

HQ: New York, NY

Industry: Insurance

Employee Count: 73

Arrakis Security’s autonomous workforce governance software secures and governs enterprise AI agents, allowing organizations to monitor, govern, and remediate autonomous AI systems.

New Funding Raised: $8M, Seed

Round Investors: Hetz Ventures (lead), Mati Staniszewski, Ofer Smadari, Amitai Ratzon

🚀Growth Focus: Support to protect enterprises from increasingly autonomous AI agents.

HQ: New York, NY

Industry: Computer and Network Security

Employee Count: 3 

Intelligence develops a business alignment platform, enabling organizations to unify business, data, and software development through consulting, training, and data architecture solutions.

New Funding Raised: $7.9M, Seed

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

🚀Growth Focus: Expand its vision beyond the creative domain into other complex fields.

HQ: Denver, CO

Industry: Software Development

Employee Count: 2

🌍 EMEA

Volta builds an AI infrastructure platform, allowing organizations to access dependable, scalable AI compute through integrated data center, software, and infrastructure solutions.

New Funding Raised: $300M, Seed

Round Investors: Altimeter Capital (lead), Andreessen Horowitz (lead), Azora (lead), NVIDIA (lead)

🚀Growth Focus: Expand operations and its development efforts.

HQ: London, England + Palo Alto, CA

Industry: Technology, Information and Internet

Employee Count: 46

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