TLDR:
- Fervo Energy secured $244M in funding for geothermal development.
- Glean raised $200M for its AI-enhanced work assistant.
The Week’s 10 Biggest Funding Rounds: Fervo Energy And Glean Lead The Way In Another Strong Week
The past week saw major funding rounds for various sectors, including energy, AI, biotech, and agtech. Here are some of the key highlights:
1. Fervo Energy raised $244 million in a big energy funding round led by Devon Energy Corp. for geothermal development in Utah.
2. Glean secured over $200 million in Series D funding for its AI-based work assistant and enterprise search platform.
3. FogPharma closed a $145 million Series E for developing new therapies in biotech.
4. Oishii Farm raised $134 million in Series B funding for its vertical farming operations in New Jersey.
5. Alamar Biosciences nabbed $128 million in Series C funding for early disease detection through protein studies.
6. Kenai Therapeutics locked up an $82 million Series A for cell therapies in biotech.
7. Intenseye received $64 million in Series B funding for workplace safety solutions using computer vision AI.
8. B.well Connected Health and Passes both tied with $40 million in Series C and A funding respectively for healthcare platforms and fan engagement apps.
9. Inkitt raised $37 million for its self-publishing platform.
Overall, the funding landscape remains strong across various sectors, with big global deals continuing to shape the market.
