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This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding rounds here.
The largest rounds this week went to AI and defense tech companies, amid a generally busy period for big financings. Coding automation platform Cursor and parent company Anysphere led by a long shot, closing on a $2.3 billion Series D. The next-largest round was a $510 million financing for defense tech company Chaos Industries, followed by financings in sectors including AI inference, e-commerce and electric vehicles.
1. Anysphere, $2.3B, AI coding: Coding automation platform Cursor and parent company Anysphere raised $2.3 billion in a Series D financing backed by Accel, Thrive Capital, Andreessen Horowitz, DST Global, Coatue, Nvidia and Google. The round set a $29.3 billion post-money valuation for the San Francisco-headquartered company, which is more than 3x higher than what it secured just six months ago.
2. Chaos Industries, $510M, defense tech: Chaos Industries, a defense tech startup focused on counter-drone radar and communication systems, announced that it secured $510 million in new funding led by Valor Equity Partners. The round sets a $4.5 billion valuation for the 3-year-old, Los Angeles-based company.
3. D-Matrix, $275M, AI infrastructure: Santa Clara, California-based D-Matrix, a developer of generative AI inference compute for data centers, closed on $275 million in Series C funding. Bullhound Capital, Triatomic Capital and Temasek led the round, which sets a $2 billion valuation for the 6-year-old company.
4. Gopuff, $250M, fast delivery: Philadelphia-based Gopuff, which offers fast delivery of groceries and other products, picked up $250 million in new funding led by Eldridge Industries and Valor Equity Partners. Founded in 2013, Gopuff has raised $3.7 billion in known funding to date, per Crunchbase data.
5. Forterra, $238M, defense tech: Clarksburg, Maryland-based Forterra, a developer of autonomous systems for the defense sector, closed on $238 million in Series C equity and debt funding. Moore Strategic Ventures led the financing.
6. Skims, $225M, apparel: Skims, the Kim Kardashian-founded shapewear and clothing brand, landed $225 million in new financing led by Goldman Sachs. The round sets a $5 billion valuation for the 6-year-old, Los Angeles-based company.
7. Genspark, $200M, AI tools: AI agent builder Genspark raised $200 million in a financing led by SBI Investment and LG Technology Ventures. Per Crunchbase data, the round brings total funding to date to $360 million for the Palo Alto, California-based company, which was founded in 2023.
8. Harbinger, $160M, electric vehicles: Garden Grove, California-based Harbinger, a maker of medium-duty electric and hybrid vehicles, secured $160 million in a Series C round led by FedEx, Capricorn Investment Group, and recreational vehicle manufacturer Thor Industries. Along with its investment, FedEx placed an initial order for 53 Harbinger EVs, the company says.
9. TeraDAR, $150M, sensors: TeraDAR, a developer of terahertz technology to be used in sensors for automotive, defense and other industries, closed on $150 million in a Series B round. VXI Capital led the financing for the Boston-based company.
10. Alembic, $145M, AI marketing tools: Alembic, a startup that provides AI-enabled data analytics for marketing, picked up $145 million in a fundraising round led by Prysm Capital and Accenture. The round values the San Francisco-based company at $645 million.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the period of Nov. 8-14. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.
Illustration: Dom Guzman
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