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TLDR:
- Astranis, a space tech startup, raised $200M to build out its satellite program.
- 10 funding rounds over $100M were announced last week, with space tech and biotech leading the way.
In a recap of the week’s top 10 funding rounds, Astranis, a space tech startup, secured the top spot with a $200 million round led by Andreessen Horowitz and Bam Elevate. The company aims to develop small broadband communications satellites for telecoms and plans to have over 100 satellites operating by 2030. This is the second time Astranis has raised $200 million after a round in 2023 which put its valuation at $1.6 billion.
The week also saw significant funding rounds in biotech, cybersecurity, and agtech. Third Arc Bio closed a $165 million Series A for therapeutics development, Imperative Care secured an undisclosed amount in a Series E for medical devices, Vanta raised $150 million for cybersecurity compliance, and Chainguard locked in $140 million for software supply chain security.
Other notable funding rounds included IntelePeer in customer relations, Monarch Tractor in agtech, Autobahn Therapeutics in biotech, Harvey in legal tech, and Headway in mental health. These rounds ranged from $100 million to $150 million and highlighted the diversity of industries attracting significant investment in the startup space.
Overall, the week showcased the continued appetite for investing in innovative startups across various sectors, with space tech, biotech, cybersecurity, and agtech leading the way in securing substantial funding to drive their growth and development efforts.
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