TLDR: The Week’s 10 Biggest Funding Rounds
- Xaira Therapeutics, a biotech startup, secured over $1 billion in funding for AI drug discovery.
- Augment, an AI coding startup, raised $227 million in a Series B round.
Chris Metinko’s article highlights the top 10 funding rounds of the week in the U.S. The key takeaways include:
Xaira Therapeutics secured over $1 billion in funding from investors such as Arch Venture Partners and Sequoia Capital to focus on AI drug discovery. Augment, an AI coding startup, raised $227 million in its Series B round to offer AI coding assistance. Rippling, an HR startup, had a massive $200 million round that increased its valuation to $13.5 billion. Cognition, another AI coding startup, raised $175 million for its AI-powered coding assistant. Endeavor BioMedicines, a biotech company, raised $133 million for its work on idiopathic pulmonary fibrosis treatments. Cybersecurity startup ThreatLocker raised $115 million in a Series D round. Lumeris, a healthcare platform, closed a $100 million investment round. Perplexity AI, an AI search engine startup, raised $63 million and is looking to raise more at a valuation between $2.5 billion and $3 billion. Midi Health, a virtual care clinic for women, raised $60 million. Givebutter, a nonprofit fundraising platform, closed a $50 million strategic growth investment round.
This week’s funding rounds were dominated by AI, with several startups utilizing artificial intelligence for coding, drug discovery, and cybersecurity.
