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Today: July 14, 2024
June 15, 2024
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Top 10 Huge Funding Rounds: Cruise and AlphaSense Dominate



Article Summary

TLDR:

  • Top Funding Rounds: Cruise and AlphaSense lead the way
  • Week saw big rounds in autonomous cars, AI, biotech, space tech, and cybersecurity

The article reports on the top 10 biggest funding rounds of the week. The most notable rounds include:

Cruise: $850M for autonomous cars

General Motors invested $850 million in Cruise, betting big on the autonomous driving and robotaxi market.

AlphaSense: $650M in artificial intelligence

AI-driven market intelligence platform AlphaSense raised $650 million in funding and acquired expert research startup Tegus for $930 million.

Other significant funding rounds include:

Santa Ana Bio: $125M in biotech

Immunology company Santa Ana Bio raised $125 million to develop therapies for autoimmune and inflammatory diseases.

Alzheon: $100M in biotech

Alzheon raised $100 million to develop medicines for Alzheimer’s disease and other neurodegenerative disorders.

Apex: $95M in space tech

Spacecraft manufacturing company Apex secured $95 million to ramp up satellite production for customers like the U.S. Department of Defense.

Cyberhaven: $88M in cybersecurity

San Jose-based Cyberhaven raised $88 million for its data detection and response platform.

InduPro: $85M in biotech

Seattle-based InduPro raised $85 million for therapeutics in cancer and autoimmune diseases.

Enveda Biosciences: $55M in biotech

Boulder-based Enveda Biosciences secured $55 million for developing medicines from plants using AI.

Canary Technologies: $50M in hospitality

San Francisco-based Canary Technologies received $50 million for its hotel management platform.

Posh AI: $45M in artificial intelligence

Boston-based Posh AI raised $45 million for its conversational AI platform for the banking industry.

In addition, the article highlights a large AI round in Europe and discusses the methodology used to track the largest funding rounds in the U.S. for the specified period.


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