TLDR:
- Celestial AI raised $175M in Series C funding led by Thomas Tull’s US Innovative Technology Fund.
- The top 10 funding rounds of the week span various industries including semiconductors, biotech, marketing, data integration, cybersecurity, accounting, energy, semiconductor, AI, and healthcare.
The week of March 23 to 29, 2024, saw several significant funding rounds in the U.S-based startups:
Celestial AI, a semiconductors company, secured $175 million in Series C funding led by Thomas Tull’s US Innovative Technology Fund. The company’s photonic fabric platform helps improve AI processing efficiency by separating compute and memory.
Avenzo Therapeutics, a biotech startup, closed a $150 million Series A-1 financing round to advance its emerging oncology pipeline.
The Brandtech Group, an AI marketing company, raised $115 million in Series C funding, and Observe, a data integration company, also secured $115 million in a Series B round.
Coro, a cybersecurity platform for small and medium-sized enterprises, announced a $100 million Series D led by One Peak.
FundGuard, an AI-powered investment accounting platform, raised $100 million to streamline investment accounting operations and workflows.
Lightshift Energy, an energy storage development company, received $100 million from Greenbacker Group.
Other notable funding rounds include Eliyan ($60M, semiconductors), HeyGen ($60M, AI), and Pelago ($58M, healthcare). The top global deal of the week was China-based Huakong Power raising over $692 million.
Overall, the week showcased a diverse range of large funding rounds across various sectors, indicating a continuing trend of significant investment in innovative technologies.
