The 27 Largest US Funding Rounds of March 2026

March 2026 was a month of conviction-scale capital across the US startup ecosystem. Leveraging data from CrunchBase, I’ve identified the companies that raised $100M or more including three that crossed the $1B threshold in a single round. Each entry includes round type, industry, founding team, key investors, and cumulative equity raised to add depth beyond the raw numbers.

26. Bluesky $100.0M

Round: Series B
Description: Seattle-based Bluesky Bluesky is a social media network that enables users to engage with communities and express creativity. Founded by Jay Graber in 2021, Bluesky has now raised a total of $136.0M in total equity funding and is backed by Alumni Ventures, Automattic, True Ventures, Blockchain Capital, and Protocol Labs.
Investors in the round: Alumni Ventures, Anthos Capital, Bain Capital Crypto, Bloomberg Beta, Knight Foundation, True Ventures
Industry: Apps, Messaging, Social Media, Social Network
Founders: Jay Graber
Founding year: 2021
Location: Seattle
Total equity funding raised: $136.0M

26. ORO Labs $100.0M

Round: Series C
Description: Palo Alto-based ORO Labs ORO Labs is an AI-powered procurement orchestration platform that enhances organizational efficiency. Founded by Lalitha Rajagopalan, Sudhir Bhojwani, Yuan Tung in 2020, ORO Labs has now raised a total of $159.0M in total equity funding and is backed by B Capital, Norwest, Felicis, XYZ Venture Capital, and Goldman Sachs Growth Equity.
Investors in the round: B Capital, Brighton Park Capital, Felicis, Goldman Sachs Growth Equity, Norwest, XYZ Venture Capital
Industry: Artificial Intelligence (AI), Procurement, Supply Chain Management
Founders: Lalitha Rajagopalan, Sudhir Bhojwani, Yuan Tung
Founding year: 2020
Location: Palo Alto
Total equity funding raised: $159.0M

26. WorkOS $100.0M

Round: Series C
Description: San Francisco-based WorkOS WorkOS is a unified platform with modern APIs and SDKs for enterprise-ready features. Founded by Michael Grinich in 2019, WorkOS has now raised a total of $195.0M in total equity funding and is backed by Lightspeed Venture Partners, Craft Ventures, Sapphire Ventures, Ballistic Ventures, and SV Angel.
Investors in the round: Abstract, Audacious Ventures, Craft Ventures, Greenoaks, Meritech Capital Partners, Sapphire Ventures
Industry: Developer APIs, Developer Tools, Information Technology, Operating Systems
Founders: Michael Grinich
Founding year: 2019
Location: San Francisco
Total equity funding raised: $195.0M

26. Imperative Care $100.0M

Round: Venture
Description: Campbell-based Imperative Care Imperative Care is singularly dedicated to finding meaningful answers to unsolved problems in stroke. Founded by Nick Hopkins in 2015, Imperative Care has now raised a total of $519.0M in total equity funding and is backed by Perceptive Advisors, Catalio Capital Management, Bain Capital Life Sciences, Ally Bridge Group, and Elevage Medical Technologies.
Investors in the round: Ally Bridge Group, Bain Capital Life Sciences, Brown Advisory, Catalio Capital Management, Elevage Medical Technologies, Longaeva Partners, Perceptive Advisors
Industry: Health Care, Medical, Medical Device
Founders: Nick Hopkins
Founding year: 2015
Location: Campbell
Total equity funding raised: $519.0M

26. Cape $100.0M

Round: Series C
Description: Arlington-based Cape Cape develops privacy-enabling technology that allows users to reclaim their privacy and security on electronic devices. Founded by Anduril Alums, Palantir Alums in 2022, Cape has now raised a total of $176.4M in total equity funding and is backed by Andreessen Horowitz, IVP, Bain Capital Ventures, A*, and XYZ Venture Capital.
Investors in the round: 01 Advisors, 137 Ventures, Bain Capital Ventures, Definition, Fifth Down Capital, IVP
Industry: Information Technology, Mobile, Network Security, Software, Telecommunications
Founders: Anduril Alums, Palantir Alums
Founding year: 2022
Location: Arlington
Total equity funding raised: $176.4M

25. Performance Drone Works $110.0M

Round: Series B
Description: Huntsville-based Performance Drone Works Performance Drone Works specializes in developing autonomous unmanned aerial systems. Founded by Patrick Laney, Ryan Gury, Trevor Smith in 2019, Performance Drone Works has now raised a total of $135.0M in total equity funding and is backed by Gaingels, Lux Capital, Ondas Networks, Booz Allen Hamilton, and Squadra Ventures.
Investors in the round: Booz Allen Hamilton, Cedar Pine, Gaingels, Hanwha Asset Management, Hood River Capital Management, Lerer Hippeau, Ondas Networks
Industry: Aerospace, Automotive, Military
Founders: Patrick Laney, Ryan Gury, Trevor Smith
Founding year: 2019
Location: Huntsville
Total equity funding raised: $135.0M

24. XBOW $120.0M

Round: Series C
Description: Seattle-based XBOW XBOW develops autonomous security testing software that identifies and validates vulnerabilities in web applications and digital systems. Founded by Oege de Moor in 2024, XBOW has now raised a total of $237.0M in total equity funding and is backed by Sequoia Capital, Northzone, DFJ Growth, Altimeter Capital, and NFDG Ventures.
Investors in the round: Alkeon Capital, Altimeter Capital, DFJ Growth, NFDG Ventures, Northzone, Sequoia Capital, Sofina
Industry: Artificial Intelligence (AI), Computer, Network Security
Founders: Oege de Moor
Founding year: 2024
Location: Seattle
Total equity funding raised: $237.0M

23. Kai $125.0M

Round: Series A
Description: San Jose-based Kai Kai is an agentic AI platform that executes cybersecurity tasks, integrating multiple security processes into a single workflow. Founded by Damiano Bolzoni, Galina Antova in 2025, Kai has now raised a total of $125.0M in total equity funding and is backed by Evolution Equity Partners and N47.
Investors in the round: Evolution Equity Partners, N47
Industry: Agentic AI, Artificial Intelligence (AI), Cyber Security
Founders: Damiano Bolzoni, Galina Antova
Founding year: 2025
Location: San Jose
Total equity funding raised: $125.0M

23. Qualified Health $125.0M

Round: Series B
Description: San Carlos-based Qualified Health Qualified Health develops artificial intelligence tools that support clinical decision-making and patient care management. Founded by Beau Norgeot, Justin Norden, Kedar Mate, Nirav Shah, Shantanu Phatakwala in 2023, Qualified Health has now raised a total of $155.0M in total equity funding and is backed by Cathay Innovation, New Enterprise Associates, Town Hall Ventures, Flare Capital Partners, and Transformation Capital.
Investors in the round: Anthology Fund, Cathay Innovation, Flare Capital Partners, Frist Cressey Ventures, GreatPoint Ventures, Healthier Capital, Intermountain Ventures, New Enterprise Associates, SignalFire, Town Hall Ventures, Transformation Capital
Industry: Artificial Intelligence (AI), Health Care, Medical
Founders: Beau Norgeot, Justin Norden, Kedar Mate, Nirav Shah, Shantanu Phatakwala
Founding year: 2023
Location: San Carlos
Total equity funding raised: $155.0M

21. Cents $140.0M

Round: Series C
Description: New York-based Cents Cents is a laundromat software platform that helps laundromat owners streamline their operations and enhance customer experience. Founded by Alexander Jekowsky, Gilli Cherrin in 2019, Cents has now raised a total of $214.2M in total equity funding and is backed by Alumni Ventures, Bessemer Venture Partners, Tiger Global Management, FJ Labs, and Rosecliff Ventures.
Investors in the round: Camber Creek, Sumeru Equity Partners
Industry: Business Process Automation (BPA), Enterprise Software, Point of Sale, SaaS
Founders: Alexander Jekowsky, Gilli Cherrin
Founding year: 2019
Location: New York
Total equity funding raised: $214.2M
AlleyWatch’s exclusive coverage of this round: Cents Raises $140M to Build the Operating System for the $60B Laundry Industry

20. Frore Systems $143.0M

Round: Series D
Description: San Jose-based Frore Systems Frore Systems develops and supplies advanced thermal management technologies for electronic systems. Founded by Seshu Madhavapeddy, Suryaprakash Ganti in 2018, Frore Systems has now raised a total of $323.0M in total equity funding and is backed by Alumni Ventures, Mayfield Fund, Addition, Fidelity, and StepStone Group.
Investors in the round: Addition, Alumni Ventures, Clear Ventures, Fidelity, Mayfield Fund, MVP Ventures, Prosperity7 Ventures, Qualcomm Ventures, StepStone Group, Top Tier Capital Partners
Industry: Consumer Electronics, Manufacturing, Mechanical Engineering, Semiconductor
Founders: Seshu Madhavapeddy, Suryaprakash Ganti
Founding year: 2018
Location: San Jose
Total equity funding raised: $323.0M

19. Grow Therapy $150.0M

Round: Series D
Description: New York-based Grow Therapy Grow Therapy offers online therapy services that connects individuals with licensed therapists to support mental health. Founded by Alan Ni, Jake Cooper, Manoj Kanagaraj in 2020, Grow Therapy has now raised a total of $298.0M in total equity funding and is backed by Menlo Ventures, Sequoia Capital, Village Global, TCV, and Transformation Capital.
Investors in the round: BCI, Goldman Sachs Growth Equity, Menlo Ventures, Sequoia Capital, SignalFire, TCV, Transformation Capital
Industry: Health Care, Medical, Mental Health, mHealth, Therapeutics
Founders: Alan Ni, Jake Cooper, Manoj Kanagaraj
Founding year: 2020
Location: New York
Total equity funding raised: $298.0M

18. Sunday $165.0M

Round: Series B
Description: Mountain View-based Sunday Sunday is a robotics startup that builds home robots that utilize AI to assist with household tasks. Founded by Cheng Chi, Tony Zhao in 2024, Sunday has now raised a total of $200.0M in total equity funding and is backed by Coatue, Bain Capital Ventures, Tiger Global Management, Conviction, and Fidelity.
Investors in the round: Bain Capital Ventures, Benchmark, Coatue, Conviction, Fidelity, Tiger Global Management, Xtal
Industry: Machinery Manufacturing, Manufacturing, Robotics
Founders: Cheng Chi, Tony Zhao
Founding year: 2024
Location: Mountain View
Total equity funding raised: $200.0M

17. Starcloud $170.0M

Round: Series A
Description: Redmond-based Starcloud Starcloud develops space-based data center infrastructure designed to support computing and data processing beyond Earth environments. Founded by Adi Oltean, Ezra Feilden, Philip Johnston in 2024, Starcloud has now raised a total of $193.9M in total equity funding and is backed by Andreessen Horowitz, Sequoia Capital, Plug and Play, Y Combinator, and Link Ventures.
Investors in the round: 3C AGI Partners, Adjacent, Benchmark, Carya Venture Partners, Dennis Muilenburg, EQT, FUSE, GSBackers, Harpoon, Kevin Johnson, Link Ventures, Macquarie Capital, Manhattan West, Monolithic Power Systems, Nebular, New Vista Capital, NFX, Seven Seven Six, Soma Capital, Stephen Wilson, Taurus Ventures, Tiny Supercomputer Investment Company, Wyld VC, Y Combinator
Industry: Aerospace, Data Center, Manufacturing, Space Travel
Founders: Adi Oltean, Ezra Feilden, Philip Johnston
Founding year: 2024
Location: Redmond
Total equity funding raised: $193.9M

17. Xona $170.0M

Round: Series C
Description: Burlingame-based Xona Xona develops satellite navigation services delivering positioning, navigation, and timing data via a low Earth orbit network. Founded by Adrien Perkins, Brian Manning, Bryan Chan, Jerami Martin, Kazuma Gunning, Paul Tarantino, Tyler Reid in 2019, Xona has now raised a total of $300.0M in total equity funding and is backed by Craft Ventures, Gaingels, Toyota Ventures, National Science Foundation, and Seraphim Space.
Investors in the round: Craft Ventures, Hexagon, ICONIQ Capital, Mohari Ventures Natural Capital, NGP Capital, Samsung NEXT, Woven Capital
Industry: Aerospace, GPS, Information Services, Navigation, Satellite Communication, Software
Founders: Adrien Perkins, Brian Manning, Bryan Chan, Jerami Martin, Kazuma Gunning, Paul Tarantino, Tyler Reid
Founding year: 2019
Location: Burlingame
Total equity funding raised: $300.0M

16. Cart.com $180.0M

Round: Venture
Description: Houston-based Cart.com Cart.com is a technology company that provides a unified commerce platform to help companies from discovery to delivery. Founded by Ed Sturrock, Jim Jacobsen, Omair Tariq, Remington Tonar in 2020, Cart.com has now raised a total of $784.2M in total equity funding and is backed by Gaingels, BlackRock, Oak HC/FT, Titan Capital, and Neuberger Berman.
Investors in the round: Arsenal Growth Equity, Mercury, Oak HC/FT, PayPal Ventures, Springcoast Capital Partners
Industry: Analytics, Information Technology, Logistics, Software, Supply Chain Management
Founders: Ed Sturrock, Jim Jacobsen, Omair Tariq, Remington Tonar
Founding year: 2020
Location: Houston
Total equity funding raised: $784.2M

15. eMed $200.0M

Round: Series A
Description: Miami-based eMed eMed focuses on employer-sponsored preemptive health management, providing personalized solutions for workforce health. Founded by Dr. Patrice A. Harris in 2020, eMed has now raised a total of $200.0M in total equity funding and is backed by R.J. Melman, Ara Cohen, Aon, Joe Lonsdale, and Antonio Gracias.
Investors in the round: Antonio Gracias, Aon, Ara Cohen, Jeff Aronin, Joe Lonsdale, Linda Yaccarino, R.J. Melman, Tom Brady, Tom Ricketts
Industry: Agentic AI, Communications Infrastructure, Health Care, Internet, mHealth, Software, Telehealth
Founders: Dr. Patrice A. Harris
Founding year: 2020
Location: Miami
Total equity funding raised: $200.0M

15. Eridu $200.0M

Round: Series A
Description: Saratoga-based Eridu Eridu provides frontier networking solutions for AI, purpose-built to meet the demands of scale-out and scale-up networks. Founded by Drew Perkins, Mike Capuano, Omar Hassen in 2024, Eridu has now raised a total of $200.0M in total equity funding and is backed by Eclipse, SBVA, Fusion Fund, Matter Venture Partners, and TDK Ventures.
Investors in the round: Bosch Ventures, Capricorn Investment Group, Eclipse, Fusion Fund, Hudson River Trading, Matter Venture Partners, MediaTek, Osage University Partners, SBVA, Socratic Partners, TDK Ventures, VentureTech Alliance, Zelda Ventures
Industry: AI Infrastructure, Artificial Intelligence (AI), Machine Learning, Semiconductor
Founders: Drew Perkins, Mike Capuano, Omar Hassen
Founding year: 2024
Location: Saratoga
Total equity funding raised: $200.0M

15. Axiom $200.0M

Round: Series A
Description: Palo Alto-based Axiom Axiom develops artificial intelligence systems designed to solve complex mathematical problems and produce formally verified proofs. Founded by Carina Hong in 2025, Axiom has now raised a total of $264.0M in total equity funding and is backed by Menlo Ventures, B Capital, Madrona, Toyota Ventures, and Greycroft.
Investors in the round: B Capital, Greycroft, Madrona, Menlo Ventures, Toyota Ventures, Triatomic Capital
Industry: Artificial Intelligence (AI), Education, Foundational AI, Generative AI, Information Technology, Software
Founders: Carina Hong
Founding year: 2025
Location: Palo Alto
Total equity funding raised: $264.0M

15. Harvey $200.0M

Round: Series G
Description: San Francisco-based Harvey Harvey provides AI-driven tools to assist legal professionals with research, document review, and contract analysis. Founded by Gabe Pereyra, Winston Weinberg in 2022, Harvey has now raised a total of $1.2B in total equity funding and is backed by OpenAI, Andreessen Horowitz, Sequoia Capital, Coatue, and Kleiner Perkins.
Investors in the round: Andreessen Horowitz, Coatue, Conviction, Elad Gil, Evantic Capital, GIC, Kleiner Perkins, Sequoia Capital
Industry: Artificial Intelligence (AI), Information Technology, Legal, Legal Tech
Founders: Gabe Pereyra, Winston Weinberg
Founding year: 2022
Location: San Francisco
Total equity funding raised: $1.2B

15. Also $200.0M

Round: Series C
Description: Palo Alto-based Also Also is an electric micromobility company that provides electric cargo bikes, commuter bikes, and trail bikes. Founded by Chris Yu in 2025, Also has now raised a total of $505.0M in total equity funding and is backed by Eclipse, Prysm Capital, Greenoaks, and DoorDash.
Investors in the round: DoorDash, Greenoaks, Prysm Capital
Industry: Automotive, Electric Vehicle, Manufacturing, Transportation
Founders: Chris Yu
Founding year: 2025
Location: Palo Alto
Total equity funding raised: $505.0M

14. Grafana Labs $250.0M

Round: Series E
Description: New York-based Grafana Labs Grafana Labs is an open-source software platform built to support monitoring, visualization, and metric analytics. Founded by Anthony Woods, Raj Dutt, Torkel Odegaard in 2014, Grafana Labs has now raised a total of $1.1B in total equity funding and is backed by Lightspeed Venture Partners, Sequoia Capital, Coatue, K5 Global, and Lead Edge Capital.
Investors in the round:
Industry: Analytics, Cloud Data Services, Data Visualization, Open Source, Software
Founders: Anthony Woods, Raj Dutt, Torkel Odegaard
Founding year: 2014
Location: New York
Total equity funding raised: $1.1B

13. TENEX.AI $250.0M

Round: Series B
Description: Sarasota-based TENEX.AI TENEX.AI is a cybersecurity company that combines human expertise with artificial intelligence to protect digital assets. Founded by Edwin Solis, Eric Foster, Ryan Shreve, Venkata Koppaka in 2024, TENEX.AI has now raised a total of $277.0M in total equity funding and is backed by Andreessen Horowitz, Shield Capital, Crosspoint Capital Partners, DeepWork Capital, and DTCP.
Investors in the round: Crosspoint Capital Partners, DeepWork Capital, Shield Capital
Industry: Artificial Intelligence (AI), Cyber Security, Network Security, SaaS
Founders: Edwin Solis, Eric Foster, Ryan Shreve, Venkata Koppaka
Founding year: 2024
Location: Sarasota
Total equity funding raised: $277.0M

12. EnerVenue $300.0M

Round: Series B
Description: Fremont-based EnerVenue EnerVenue provides metal-hydrogen batteries for large-scale renewable and storage applications. Founded by Yi Cui in 2020, EnerVenue has now raised a total of $720.1M in total equity funding and is backed by Full Vision Capital, Aramco Ventures, Saudi Aramco Energy Ventures, SLB, and Hong Kong Investment Corporation Limited.
Investors in the round: Aramco Ventures, Full Vision Capital, Hong Kong Investment Corporation Limited
Industry: Energy, Renewable Energy
Founders: Yi Cui
Founding year: 2020
Location: Fremont
Total equity funding raised: $720.1M

12. Vast $300.0M

Round: Series A
Description: Long Beach-based Vast Vast develops space habitation systems and orbital infrastructure designed to support human activities in space. Founded by Jed McCaleb in 2021, Vast has now raised a total of $450.0M in total equity funding and is backed by Space Capital, Qatar Investment Authority, Stellar Ventures, Nikon, and IQT.
Investors in the round: Balerion Space Ventures, Earthrise Ventures, IQT, Jed McCaleb, Mitsui & Co., MUFG Union Bank, Nikon, Qatar Investment Authority, Space Capital, Stellar Ventures, Victor Koch & Partners
Industry: Hardware, Manufacturing, Space Travel
Founders: Jed McCaleb
Founding year: 2021
Location: Long Beach
Total equity funding raised: $450.0M

11. Cloaked $375.0M

Round: Series B
Description: Lowell-based Cloaked Cloaked provides privacy-focused digital identity and data protection tools for individuals and businesses. Founded by Abhijay Bhatnagar, Arjun Bhatnagar in 2020, Cloaked has now raised a total of $404.0M in total equity funding and is backed by General Catalyst, Index Ventures, DuckDuckGo, Lux Capital, and Human Capital.
Investors in the round: Assurant Ventures, DuckDuckGo, Fifth Growth Fund, General Catalyst, Human Capital, LG Technology Ventures, Liberty City Ventures, Lux Capital, Marquee Ventures, NFL Players Association
Industry: Information Technology, Internet, Privacy, Software
Founders: Abhijay Bhatnagar, Arjun Bhatnagar
Founding year: 2020
Location: Lowell
Total equity funding raised: $404.0M

10. Genspark $385.0M

Round: Series B
Description: Palo Alto-based Genspark Genspark provides an AI agentic engine that generates synthesized information pages in response to user queries. Founded by Eric Jing, Kaihua Zhu, Lenjoy Lin, Wen Sang in 2023, Genspark has now raised a total of $385.0M in total equity funding and is backed by Emergence Capital, SBI Investment, Mirae Asset, HartBeat Ventures, and Markham Valley Ventures.
Investors in the round:
Industry: Artificial Intelligence (AI), Generative AI, Machine Learning, Search Engine, Software
Founders: Eric Jing, Kaihua Zhu, Lenjoy Lin, Wen Sang
Founding year: 2023
Location: Palo Alto
Total equity funding raised: $385.0M

10. Vestwell $385.0M

Round: Series E
Description: New York-based Vestwell Vestwell provides a digital platform for managing savings and retirement plans. Founded by Aaron Schumm in 2016, Vestwell has now raised a total of $623.8M in total equity funding and is backed by Franklin Templeton, Blue Owl, Lightspeed Venture Partners, Primary Venture Partners, and HarbourVest Partners.
Investors in the round: Blue Owl Capital Corporation, Franklin Templeton, HarbourVest Partners, Morgan Stanley, Neuberger Berman, Silver Lake Waterman, Sixth Street Growth, TIAA Ventures
Industry: Employee Benefits, Finance, Financial Services, FinTech, Retirement
Founders: Aaron Schumm
Founding year: 2016
Location: New York
Total equity funding raised: $623.8M
AlleyWatch’s exclusive coverage of this round: Vestwell Raises $385M to Power Modern Savings Infrastructure Across America

9. Replit $400.0M

Round: Series D
Description: Foster City-based Replit Replit provides a cloud-based development platform that enables users to write, run, and deploy applications in browsers. Founded by Amjad Masad, Faris Masad, Haya Odeh in 2016, Replit has now raised a total of $872.0M in total equity funding and is backed by Andreessen Horowitz, Craft Ventures, South Park Commons, Reach Capital, and Coatue.
Investors in the round: 1789 Capital, Accenture Ventures, Andreessen Horowitz, Coatue, Craft Ventures, Databricks Ventures, Georgian, G Squared, Jared Leto, Karman Ventures, Okta Ventures, Prysm Capital, Qatar Investment Authority, Sahin Boydas, Shaquille O’Neal, Tether Ventures, Y Combinator
Industry: Artificial Intelligence (AI), Cloud Computing, Developer Tools, Information Technology, Software
Founders: Amjad Masad, Faris Masad, Haya Odeh
Founding year: 2016
Location: Foster City
Total equity funding raised: $872.0M

8. Vulcan Elements $430.7M

Round: Venture
Description: Cambridge-based Vulcan Elements Vulcan Elements is a manufacturer of rare-earth magnets used in critical defense and commercial applications. Founded by John Maslin, Piotr Kulik in 2023, Vulcan Elements has now raised a total of $502.4M in total equity funding and is backed by FJ Labs, Washington Harbour Partners, nvp capital, Ibex Investors, and 1789 Capital.
Investors in the round:
Industry: Aerospace, Industrial Manufacturing, Manufacturing
Founders: John Maslin, Piotr Kulik
Founding year: 2023
Location: Cambridge
Total equity funding raised: $502.4M

7. Quince $500.0M

Round: Series E
Description: San Francisco-based Quince Quince is an e-commerce company that offers apparel, accessories, home goods, and personal care products through an online platform. Founded by Becky Mortimer, Sid Gupta, Sourabh Mahajan in 2018, Quince has now raised a total of $1.1B in total equity funding and is backed by Alumni Ventures, Insight Partners, Basis Set Ventures, 8VC, and Wellington Management.
Investors in the round: 8VC, Baillie Gifford, Basis Set Ventures, DST Global, ICONIQ Capital, MarcyPen Capital Partners, Notable Capital, Wellington Management, WndrCo
Industry: Apparel, E-Commerce, E-Commerce Platforms, Retail
Founders: Becky Mortimer, Sid Gupta, Sourabh Mahajan
Founding year: 2018
Location: San Francisco
Total equity funding raised: $1.1B

7. Nexthop AI $500.0M

Round: Series B
Description: Santa Clara-based Nexthop AI Nexthop AI develops networking infrastructure to support artificial intelligence workloads in large-scale cloud computing environments. Founded by Anshul Sadana in 2023, Nexthop AI has now raised a total of $610.0M in total equity funding and is backed by Andreessen Horowitz, Lightspeed Venture Partners, Kleiner Perkins, Battery Ventures, and US Innovative Technology Fund.
Investors in the round: Altimeter Capital, Andreessen Horowitz, Battery Ventures, Emergent Ventures, Kleiner Perkins, Lightspeed Venture Partners, US Innovative Technology Fund, WestBridge Capital
Industry: Artificial Intelligence (AI), Cloud Data Services, IT Infrastructure
Founders: Anshul Sadana
Founding year: 2023
Location: Santa Clara
Total equity funding raised: $610.0M

7. Mind Robotics $500.0M

Round: Series A
Description: Palo Alto-based Mind Robotics Mind Robotics develops artificial intelligence and robotics systems designed for industrial environments and manufacturing operations. Founded by Robert Scaringe in 2025, Mind Robotics has now raised a total of $615.0M in total equity funding and is backed by Andreessen Horowitz, Accel, Eclipse, and Rivian.
Investors in the round: Accel, Andreessen Horowitz
Industry: Artificial Intelligence (AI), Machine Learning, Robotics
Founders: Robert Scaringe
Founding year: 2025
Location: Palo Alto
Total equity funding raised: $615.0M

6. Sierra Space $550.0M

Round: Series C
Description: Louisville-based Sierra Space Sierra Space is a commercial space company that specializes in the development of advanced space technologies and solutions. Founded by Eren Ozmen, Fatih Ozmen in 2021, Sierra Space has now raised a total of $2.2B in total equity funding and is backed by General Atlantic, Coatue, MUFG Bank, AE Industrial Partners, and LuminArx Capital Management LP.
Investors in the round: Andalusian Private Capital, Coatue, General Atlantic, LuminArx Capital Management LP, Moore Strategic Ventures
Industry: Advanced Materials, Aerospace, Industrial Manufacturing, Space Travel, Transportation
Founders: Eren Ozmen, Fatih Ozmen
Founding year: 2021
Location: Louisville
Total equity funding raised: $2.2B

5. WHOOP $575.0M

Round: Series G
Description: Boston-based WHOOP WHOOP provides wearable fitness technology and a subscription platform that tracks physiological data for health and performance insights. Founded by Aurelian Nicolae, John Capodilupo, William Ahmed in 2012, WHOOP has now raised a total of $979.0M in total equity funding and is backed by IVP, Founder Collective, Glade Brook Capital Partners, Affinity Partners, and Promus Ventures.
Investors in the round: 2PointZero, Abbott, Accomplice, Affinity Partners, B-FLEXION, Bullhound Capital, Collaborative Fund, Cristiano Ronaldo, Foundry Group, Glade Brook Capital Partners, IVP, Karen Wazen, LeBron James, Macquarie Capital, Mathieu van der Poel, Mayo Clinic, Mubadala, Niall Horan, Promus Ventures, Qatar Investment Authority, Raison, Reggie Miller, Rory McIlroy, Shane Lowry, Virgil van Dijk
Industry: Consumer Electronics, Fitness, Sports, Wearables, Wellness
Founders: Aurelian Nicolae, John Capodilupo, William Ahmed
Founding year: 2012
Location: Boston
Total equity funding raised: $979.0M

4. Earendil Labs $787.0M

Round: Venture
Description: Middletown-based Earendil Labs Earendil Labs is a biotechnology company developing technology platforms that transform therapeutic protein discovery. Founded by Jian Peng, Zhenping Zhu in 2021, Earendil Labs has now raised a total of $787.0M in total equity funding and is backed by Sanofi, Dimension Capital, INCE Capital, Luminous Ventures (former Lightspeed China Partners), and DST Global.
Investors in the round: Biotechnology Development Fund VI, L.P., Dimension Capital, DST Global, INCE Capital, Luminous Ventures (former Lightspeed China Partners), Miracle Capital, Sanofi
Industry: Artificial Intelligence (AI), Biotechnology, Information Technology
Founders: Jian Peng, Zhenping Zhu
Founding year: 2021
Location: Middletown
Total equity funding raised: $787.0M

3. Kalshi $1.0B

Round: Venture
Description: New York-based Kalshi Kalshi is a regulated prediction market where users trade event-based contracts tied to real-world outcomes. Founded by Luana Lopes Lara, Tarek Mansour in 2018, Kalshi has now raised a total of $2.6B in total equity funding and is backed by Andreessen Horowitz, General Catalyst, Sequoia Capital, Paradigm, and IVP.
Investors in the round: Coatue
Industry: Consumer, Financial Exchanges, Financial Services, FinTech, Prediction Markets, Predictive Analytics
Founders: Luana Lopes Lara, Tarek Mansour
Founding year: 2018
Location: New York
Total equity funding raised: $2.6B

2. Saronic $1.8B

Round: Series D
Description: Austin-based Saronic Saronic designs and manufactures unmanned surface vehicles for maritime security and domain awareness. Founded by Dino Mavrookas, Doug Lambert, Rob Lehman, Vibhav Altekar in 2022, Saronic has now raised a total of $2.6B in total equity funding and is backed by Andreessen Horowitz, Franklin Templeton, General Catalyst, Advent International, and Lightspeed Venture Partners.
Investors in the round: 8VC, Advent International, Andreessen Horowitz, BAM Elevate, Bessemer Venture Partners, Caffeinated Capital, DFJ Growth, Elad Gil, Franklin Templeton, Kleiner Perkins, Silent Ventures
Industry: Artificial Intelligence (AI), Manufacturing, Marine Technology, Military, Security
Founders: Dino Mavrookas, Doug Lambert, Rob Lehman, Vibhav Altekar
Founding year: 2022
Location: Austin
Total equity funding raised: $2.6B

1. Shield AI $2.0B

Round: Series G
Description: San Diego-based Shield AI Shield AI is a deep-tech company that focuses on developing AI-powered systems to enhance the safety of service members and civilians. Founded by Andrew Reiter, Brandon Tseng, Ryan Tseng in 2015, Shield AI has now raised a total of $3.0B in total equity funding and is backed by Andreessen Horowitz, Advent International, Point72, Riot Ventures, and Founder Collective.
Investors in the round: Advent International, Apandion, Blackstone Group, Disruptive, InnovationX, JP Morgan Chase, Riot Ventures, Snowpoint Ventures
Industry: Artificial Intelligence (AI), Autonomous Vehicles, Drones, Machine Learning, National Security
Founders: Andrew Reiter, Brandon Tseng, Ryan Tseng
Founding year: 2015
Location: San Diego
Total equity funding raised: $3.0B