Here are the five top startup funding deals announced during the week ending February 23, 2025, based on data curated from the Intellizence Startup Funding Dataset.
Saronic
Funding Amount: $600 Million
Funding Round: Series C
Industry: Defense
Country: United States
Saronic, the autonomous surface vessel maker, closed a $600 million Series C round led by Elad Gil, which values the company at $4 billion. The newly raised capital will be used to construct “Port Alpha,” a next-generation shipyard designed to expedite the production of medium and large-class autonomous ships for U.S. defense applications.
Lambda Labs
Funding Amount: $480 Million
Funding Round: Series D
Industry: Technology
Country: United States
Lambda, which offers cloud computing services and hardware for training artificial intelligence software, raised $480 million in Series D, bringing its total equity to $863 million. The post-money valuation is $2.5 billion. The round was co-led by Andra Capital and SGW, and investors included Nvidia, ARK Invest, G Squared, and Super Micro participated.
Together AI
Funding Amount: $305 Million
Funding Round: Series B
Industry: Technology
Country: United States
Together AI, an AI cloud platform, has raised $305 million in Series B funding at a $3.3 billion valuation. The round was led by General Catalyst and co-led by Prosperity7 Ventures, with participation from investors including Salesforce Ventures, Nvidia, Kleiner Perkins, and Coatue. The funds will help expand Together AI’s cloud infrastructure, including the large-scale deployment of Nvidia Blackwell GPUs across multiple North American data centers.
Abridge
Funding Amount: $250 Million
Funding Round: Series D
Industry: Technology
Country: United States
Abridge, a healthcare startup specializing in AI-driven medical documentation, raised $250 million in a Series D round, valuing the company at $2.75 billion. The round was co-led by Elad Gil and IVP and participated in by investors including Lightspeed Venture Partners, CVS Health Ventures, Redpoint Ventures, and NVentures, Nvidia’s venture capital arm. The newly secured funds will enhance Abridge’s AI capabilities and expand its commercial reach.
Verkada
Funding Amount: $200 Million
Funding Round: Series E
Industry: Technology
Country: United States
Verkada, a pioneer in cloud-based physical security technology, secured a $200 million Series E funding at a $4.5 billion valuation. General Catalyst led the round, which included significant participation from Eclipse Ventures and other existing investors. Verkada plans to use the newly secured funds to enhance its AI capabilities and expand its cloud-based physical security platform.
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