The year 2025 is shaping up to be one of the most active years for mega-funding in AI, crypto, nuclear energy, and robotics. From multi-billion-dollar AI investments to large-scale energy financing, November’s top 10 rounds showcase how aggressively global investors are backing breakthrough technologies.
Intellizence publishes monthly trends about key Startup Funding and Venture Capital/Private Equity Investment Deals. Below is a breakdown of each major deal from the Intellizence Startup Funding, VC & PE Deals Dataset for November 2025.
Global Top 10 Funding Deals – November 2025
A quick snapshot of some of the biggest recent funding announcements in November 2025.Project Prometheus secures $6.2 billion to build AI for the physical economy.
Funding Round: Venture – Series Unknown
Industry: Technology
Project Prometheus secured a record-breaking $6.2B in funding, making it one of the largest funding rounds in AI/compute history. The capital is expected to accelerate next-gen AI infrastructure, massive GPU clusters, and advanced foundation-model development. The company’s ambition is to build AI systems that can operate in the real world across manufacturing, vehicles, robotics, aerospace, and more. Unlike typical startup journeys that progress through smaller seed and Series A rounds, Prometheus has effectively skipped straight to mega-scale capitalization.AI startup Cursor raises $2.3 billion in funding at $29.3 billion valuation
Funding Round: Series D
Industry: Technology
Artificial intelligence startup Cursor, built by Anysphere, has closed a $2.3 billion funding round at a valuation of $29.3 billion. This is nearly triple what it was worth since its last raise in June. The investor includes top-tier capital league: long-time backers Accel, Thrive, a16z, DST, plus new strategic investors NVIDIA and Google. At a valuation of nearly $30 billion, Cursor has effectively joined the ranks of the most valuable private software companies globally.Lambda raises over $1.5 billion to build superintelligence cloud infrastructure
Funding Round: Series E
Industry: Technology
Lambda has become one of the most important players in GPU cloud and AI infrastructure. The company raised $1.5 billion in a Series E round led by TWG Global, with USIT and other existing backers participating. The capital will fund gigawatt-scale “AI factories” and data centers, as well as deep infrastructure deals such as its multi-billion-dollar agreement with Microsoft to deploy tens of thousands of NVIDIA GPUs.Kalshi Hits $11 billion Valuation in $1 Billion Funding Round
Funding Round: Venture – Series Unknown
Industry: Financial Services, Technology
Prediction-market platform Kalshi closed a $1 billion funding round, valuing the company at $11 billion. Kalshi lets users trade on outcomes ranging from macroeconomic data to elections – and now aims to expand further into high-volume event markets. The round was led by Sequoia and CapitalG, with existing backers joining in. The size of the raise is particularly striking given the regulatory headwinds prediction markets face. It reflects a growing belief among investors that event-driven markets will be a foundational financial primitive in the coming decade.Luma AI secures $900 million led by Saudi AI firm Humain
Funding Round: Series C
Industry: Technology
Luma AI, a startup focused on AI-generated video and imagery, announced that it has secured $900 million in a Series C round at a valuation of $4 billion, led by Humain and including significant participation from AMD. The company is focused on video, 3D, and world-model-style multimodal AI. This funding comes bundled with access to Project Halo, a 2-gigawatt AI supercluster in Saudi Arabia, giving Luma an enormous compute budget to train multimodal AGI systems capable of understanding and simulating the physical world.Kraken raises $800 million at a $20 billion valuation
Funding Round: Venture – Series Unknown
Industry: Financial Services
Crypto exchange Kraken raised $800 million, boosting its valuation to $20 billion. This funding signals that investor appetite for regulated digital-asset infrastructure remains strong. The fresh capital will be used to expand Kraken’s footprint across Latin America, Asia Pacific, and Europe, extend its regulated product suite, and accelerate efforts to bring traditional financial products on-chain.X-energy raises $700 million to accelerate small modular reactor expansion
Funding Round: Series D
Industry: Energy
X-Energy, a developer of advanced nuclear reactors and TRISO fuel, closed an oversubscribed $700M Series D. The company is working on small modular reactors (SMRs) and has backing from industrial customers such as Amazon, Dow, and Centrica through offtake and deployment plans. Jane Street and a deep bench of climate and energy investors led the investment. The company aims to scale SMR deployments in the US and UK, expand the fuel supply chain, and push reactors towards commercial operation.Physical Intelligence raises $600 million at a $5.6 billion valuation
Funding Round: Series B
Industry: Technology
Physical Intelligence, a robotics-AI company, builds foundation models for robots – essentially a “universal robot brain” that lets machines perform complex, contact-rich tasks like folding laundry or manipulating deformable objects. The company raised $600 million in Series B funding, valuing it at $ 5.6 billion. The round was led by CapitalG, with other investors – including Jeff Bezos. For VCs, this is a bet that embodied AI will be as transformative in the physical world as LLMs have been in the digital one.Chaos Industries raises $510 million to scale next-gen defense systems
Funding Round: Series D
Industry: Technology
Chaos Industries, the next-generation defense technology company, raised $510 million in a Series D round at a valuation of $4.5 billion. Valor Equity Partners, a well-known investor in deep-technology and frontier engineering companies, led the funding. Existing backers 8VC and Accel also joined the round, underscoring the company’s strong momentum. The new capital will be used to ramp up manufacturing and deployment of their radar and counter-drone platforms, expand R&D, accelerate commercialization and international expansion, and enhance U.S.-based supply-chain resilience.Clio closes $500 million to complete vLex acquisition
Funding Round: Series G
Industry: Technology
Clio, a leading global legal-technology platform, has raised $500 million in a Series G round, valuing the company at $5 billion. The round was led by New Enterprise Associates (NEA), with participation from existing major investors including TCV, Goldman Sachs Asset Management, Sixth Street Growth, and JMI Equity. Apart from the funds raised via the equity, Clio also secured a $350 million debt facility from Blackstone and Blue Owl Capital. The capital will help Clio expand its AI-driven legal-work solutions, scale globally, and integrate of vLex’s massive legal data with Clio’s workflow tools.Frequently Asked Questions (FAQ)
What is the Intellizence Startup Funding Dataset?
The Intellizence Startup Funding Dataset provides structured, curated information on global startup funding deals. It includes data on funding rounds, investors, funding amounts, company details, and related market intelligence. Which sectors dominated the top funding rounds in November 2025? The majority of these rounds came from:- AI infrastructure & foundation models
- Developer tools & AI coding
- Energy & nuclear tech
- Robotics & embodied intelligence
- Defense & frontier technologies
Why are AI companies raising such large amounts?
AI compute, model training, and GPU infrastructure require billions in capital. Companies building foundational platforms or large-scale compute ecosystems attract outsized investment.How can I stay updated on major funding deals?
You can follow platforms like Intellizence, which provide daily-curated signals on Funding, M&A, C-suite changes, expansions, cybersecurity, and more.Which regions and industries are covered?
The dataset offers global coverage, including startups from North America, Europe, Asia-Pacific, and other major regions. It spans multiple industries, such as technology, healthcare, fintech, AI, energy, e-commerce, and more.Who can use this dataset?
This dataset is ideal for:- Investors and VCs seeking deal flow or trend analysis
- Corporate strategy teams that monitor emerging companies
- Researchers and analysts studying innovation and funding trends
- Sales and business development teams can identify potential partners or clients.
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