TLDR:
- Skild AI secures $300 million in Series A funding to develop robot brains.
- Investors are back in action in robotics, biotech, healthcare, and more.
The Week’s 10 Biggest Funding Rounds: Skild AI Grabs $300M To Build Robot Brains: In a week that saw big investments in various sectors like biotech, healthcare, and film, Skild AI stands out with a $300 million Series A led by Coatue, Lightspeed Venture Partners, SoftBank Group, and Jeff Bezos. The Pittsburgh-based startup focuses on building robot brains, which can be used in a variety of robots for different tasks. Element Biosciences, a biotech company, raised over $277 million in a Series D led by Wellington Management. Regal, a film company, secured $250 million for upgrades, while HarmonyCares and Earned Wealth raised $200 million each in healthcare and financial services, respectively. Hebbia, an AI startup, raised $130 million, and Hayden AI, a govtech platform, secured $90 million for traffic safety and accessibility improvements. X-Bow Systems, an aerospace company, raised over $70 million, while Captions and ZwitterCo raised $60 million and $58.4 million, respectively, in artificial intelligence and sustainability sectors.
The biggest round of the week went to Germany-based Helsing, a defense tech firm, which raised approximately $489 million led by General Catalyst, valuing the company at $5.4 billion. The report also highlights other recent funding rounds and acquisitions in sectors like artificial intelligence, biotech, and venture funding. Asia funding is struggling to pick up, despite global venture funding growth. The article emphasizes the importance of finding the right companies for AI-related investments and updates on job layoffs in various industries.
