That鈥檚 the trend we鈥檙e seeing for the second quarter of 2026. This period has brought us both the largest venture-backed exit of all time, with , and a bevy of other comparatively tinier but still sizable startup exits through acquisition or IPO.

Overall, we鈥檙e still well behind the prior high in terms of the number of big exits, as you can see charted below. The IPO and SPAC boom of five years ago will be hard to match for exit count.

聽Bigger numbers

But while the Q2 exit deal counts may be still below peak, the actual returns are not.

For that, of course, we can thank SpaceX, which earlier this month shattered records with a historical debut that culminated in a staggering $2.1 trillion first-day market cap. Its long-awaited offering raised some $75 billion and served as an enormous liquidity event for founder .

Compared to that, every other Q2 startup exit looks pretty paltry. But by any other comparative metric, these other big exits were also very impressive.

SpaceX鈥檚 $60 billion acquisition of AI coding platform a few days after its IPO, for instance, was the priciest purchase of a private, venture-backed startup ever.

As for IPOs, made a splashy entry in May with an offering that raised at least $5.55 billion. Shares are down from the first-day closing price, but the company still maintains a sizable market cap around $38 billion.

Earlier this month, quantum computing company also had a big debut on , raising $1.7 billion and securing an initial market cap of $15.6 billion. Shares are still up sharply from the initial price.

For a broader view of big deals, below we put together a list of all the Q2 venture-backed private company exits valued at $1 billion or more.

Trend: fewer deals but larger ones

Even though the number of big deals picked up in Q2, the more noteworthy trend is the size of exits rather than the quantity. Size will likely still be the standout feature in coming months, with both and filing confidentially for IPOs that could test the trillion-dollar mark.

At the same time, however, the pace of exits in the billion-dollar-plus club, which in any prior cycle were considered considerable, is showing no signs of slowing.

Related reading:

• The 附近上门 Billion-Dollar Exits Board
• Cursor Deal Puts US On Track For Record Startup M&A Year

Illustration:

This is a weekly feature that runs down the week鈥檚 top 10 announced funding rounds in the U.S. Check out last week鈥檚 biggest funding deal roundup here.

This week, most of the largest U.S. startup funding rounds centered around the sector one would suspect: artificial intelligence. This was true for the week鈥檚 largest venture financing, a $1.5 billion Series F for AI inference technology provider , as well as a majority of rounds in the Top 10. Beyond that, the next-biggest area for startup funding was biotech.

1. , $1.5B, AI inference technology: Baseten, a provider of systems software to run AI applications workloads, raised $1.5 billion in Series F funding, its fourth fundraise in 18 months. , , , and co-led the round, which set a $13 billion valuation for the San Francisco-based company.

2. , $1B, digital marketing: AppsFlyer, a San Francisco-based provider of data analytics with digital marketing as a core use case, reportedly secured more than $1 billion in a Series E funding round at a post-money valuation of $2.7 billion. Backers reportedly include , , and .

3. , $650M, AI inference technology: San Francisco-based Groq closed on $650 million in new funding led by and that it says will be used to scale its AI inference cloud technology and infrastructure. The investment comes just over six months after an acquihire-type transaction in which hired away its founder and key team members and licensed its technology.

4. , $330M, ophthalmic therapies: Ollin Biosciences, a developer of therapies for vision-threatening diseases, picked up $330 million in Series B funding. and led the financing for the Austin-based company.

5. , $320M, foundational AI: General Intuition, developer of a foundational AI model based on gameplay, secured $320 million in Series A funding at a $2.3 billion valuation. led the financing for the New York-based company, while backers including and participated.

6. , $250M, government software: Peregrine Technologies, provider of a platform used by public safety agencies and other government entities, secured $250 million in Series D financing. , , , , and led the financing, which set a $6.8 billion valuation for the San Francisco-based company.

7. (tied) , $200M, risk intelligence: Palo Alto, California-based Quantifind, developer of a risk intelligence platform for financial crime detection and national security operations, closed on $200 million in growth financing led by .

7. (tied) , $200M, foundational AI: San Francisco-based Mirendil, a frontier lab building systems that excel at AI R&D, says it raised a seed round of $200 million led by and . The startup also counts as a backer.

9. (tied) , $190M, AI infrastructure: AI networking infrastructure startup Upscale AI raised $190 million in Series A extension funding, bringing total financing to $500 million. led the round, which set a $2 billion valuation for the Santa Clara, California-based company.

9. (tied) , $190M, biotech: San Francisco-based Osanni Bio, a therapeutics platform focused on ophthalmic therapies and other treatments, secured $190 million in Series B funding led by .

Large non-US deals:

The week also brought some large European rounds:

, $569M, defense tech: Berlin-based defense tech startup Stark reportedly raised $569 million in a financing led by and .

, $546M, insurance: Paris-based health insurance startup Alan secured $460 million in new investment in primary and secondary equity led by .

Methodology

We tracked the largest announced rounds in the 附近上门 database that were raised by U.S.-based companies for the period of June 18-26. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

Illustration:

Those were the unsurprising findings of a 附近上门 analysis of U.S. startup acquisition outlays in 2026. So far this year, acquirers have spent at least $119.8 billion buying private, venture-backed companies, on pace to exceed 2025鈥檚 record-setting tally.

For 2026, however, about half of total M&A spending on U.S. startups comes from a single deal: 鈥檚 $60 billion of AI coding tool Cursor and its parent company . SpaceX first announced an option to the company in April and consummated the deal after its IPO this month.

The Cursor purchase represents the largest startup acquisition of all time, nearly double the size of the prior frontrunner, 鈥檚 purchase of for $32 billion. After that, the next-biggest startup M&A deal was 鈥檚 $19 billion acquisition of in 2014.

Other big M&A deals

While other 2026 startup purchases weren鈥檛 setting records, many of them were still on the historically large size.

To illustrate, we used 附近上门 data to put together a list of the 10 largest disclosed-price U.S. startup acquisitions this year.听1 The bottom nine range from $2 billion to $7 billion.

Biotech was a standout

Biotech was especially big. This is due in large part to , which announced in April that it was acquiring , a developer of gene therapies with a particular focus on cancer treatment, in a deal valued at up to $7 billion in cash. Per 附近上门 data, the high end of the purchase price represents the largest acquisition of a venture-backed biotech company in years.

Lilly was also the acquirer in two other deals in our Top 10 ranking. The pharma giant bought , a developer of RNA therapeutics, for up to $2.4 billion, and , a developer of blood cancer therapies, for up to $2.3 billion.

Overall, half of the 10 largest deals this quarter were biotech transactions. However, in most cases the number represents the maximum potential acquisition price, which will require the acquired company to meet pre-determined milestones, typically around clinical results and commercialization.

Brex, Modular and more

Outside of biotech and, of course, Cursor, the next-largest acquisition was 鈥檚 purchase of business credit card and account provider for $5.15 billion. It’s followed by ‘s acquisition, announced yesterday, of AI chip startup for $4 billion.

Further down the list is 鈥檚 2聽acquisition this month of , a provider of AI-enabled customer experience tools, and 鈥檚 purchase of , an industrial AI platform, each at $3.6 billion.

With the second quarter winding to a close, we wouldn鈥檛 rule out the likelihood of another big deal making headlines in coming days. Even if that doesn’t happen, however, it鈥檚 already clear that 2026 is shaping up as a big spending year for startup M&A.

Related 附近上门 queries:

Illustration:

During his tenure as chair from 1987 to 2006, Greenspan was renowned for his cryptic utterances on the economy, leaving rate-watchers befuddled as to whether they presaged a likely cut or hike. His wife, veteran correspondent , famously that their marriage took time because 鈥渉e claims he proposed three times before I was able to understand. He was so oblique. It was like his testimony.鈥�

In spite of his long history of obfuscation, however, Greenspan is best known for a fairly unambiguous two-word phrase: 鈥渋rrational exuberance.鈥� He coined it in a 1996 to the聽 , a conservative-leaning think tank, titled 鈥淭he Challenge of Central Banking in a Democratic Society.鈥�

One of the speech鈥檚 core points was the notion that pricing logic in an industrial economy dominated by durable goods and materials is far simpler than for a modern economy increasingly dominated by software and services.

鈥淲hat is the price of a unit of software or a legal opinion? How does one evaluate the price change of a cataract operation over a 10-year period when the nature of the procedure and its impact on the patient changes so radically?鈥� he mused, before turning to that most famous insight.

That insight, if I am translating Greenspan-speak correctly, was linked to the question of how one can establish long-term confidence in valuations of assets tied to fast-changing technologies and business models, like software, where prior notions of unit economics no longer applied.

鈥淗ow do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions,鈥� he wondered. It鈥檚 a conjecture that 30 years later still has no obvious answer.

Notably, Greenspan鈥檚 speech actually predated the most heated periods of the dot-com boom, bubble and implosion, which began in the late 1990s and culminated with the hitting its cyclical peak in early 2000. During and shortly after that period, money-losing e-commerce companies like online grocer and pet supply retailer famously went public at then sky-high valuations before abruptly shuttering. Internet infrastructure providers fared even worse, exemplified by networking equipment maker going from Canada鈥檚 most valuable company to penny stock in a couple years.

But while losers lost big, winners eventually eclipsed them. Dot-com-era megastars and , for instance, are now worth nearly $8 trillion combined.

That brings us to one of Greenspan鈥檚 other well-known analogies: the lottery ticket.

In Congressional testimony in early 1999, pressed for his thoughts on then fast-rising share prices of hot internet companies, the Fed chair the stock-buying frenzy to playing the lottery. He observed that people have long been willing to pay more for a lottery ticket than their chances of winning would justify, simply because they are drawn to the remote chance of a huge win.

”And undoubtedly some of these small companies, which have stock prices going through the roof, will succeed and they very well may justify even higher prices,” he said. ”The vast majority are almost sure to fail. That’s the way the markets work in this regard.”

Fast-forward to today, and one is easily drawn to apply Greenspan鈥檚 analogy to the current AI mania. Once again, we鈥檙e seeing unprecedented valuations attached to money-losing companies, many in still relatively nascent stages of development.

In other ways, however, this time it鈥檚 not a dot-com lottery ticket redo. For one thing, the companies in which a retail investor might be buying said ticket are by no means small. , at its current market cap, is the sixth-most valuable U.S. public company. It鈥檚 priced like a winner, not a wanna-be.

Same holds true for recent valuations for and , both of which have confidentially filed for public offerings likely to debut in coming months. Anthropic hit a $965 billion post-money valuation, while OpenAI鈥檚 was recently around $852 billion.

One wonders what Greenspan would say about these stratospheric asset price levels. I鈥檇 suspect there are better than lottery-ticket odds that it would be something cryptic.

Related 附近上门 query:

Related reading:

• The AI Startup Funding Boom Is Not A Global Phenomenon
• The SpaceX IPO Filing Looks Nothing Like Those Of The Elite Group Of Tech Giants It’s Hoping To Join

Photo: Dr. Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve, speaks at the Per Jacobsson Foundation Lecture, October 21, 2007, in Washington, DC. (Photo by International Monetary Fund Photograph/Stephen Jaffe used under the .)

Illustration:

So far in 2026, U.S. companies have pulled in nearly 80% of global seed- through growth-stage financing, per 附近上门 data. That鈥檚 a sharp divergence from the years leading up to the AI boom, when American companies typically secured less than half of all investment.

Gap for AI is even more pronounced

The U.S. share of artificial intelligence-related investment is even greater.

So far this year, nearly 88% of AI-related startup funding, or $319 billion, went to U.S.-headquartered companies, per 附近上门 data. Of that, most went to just two recipients, and .

Since both Anthropic and OpenAI are on track for public market debuts later this year, it鈥檚 possible next year鈥檚 comps will be less lopsided, as they won鈥檛 be raising any more giant late-stage financings. We鈥檒l see.

Large venture hubs outperform small and mid-sized ones

Although no other country comes close to the U.S. for startup funding, a few of the larger technology investment hubs are seeing year-over-year gains.

Funding to China鈥檚 startups, in particular, is on the rise after several sluggish years. So far in 2026, startups have raised over $33 billion, per 附近上门 data, already surpassing the total for all of 2025.

The United Kingdom is also looking up. U.K.-based startups have pulled in $16.5 billion so far this year, compared to $19.5 billion in all of 2025. AI and fintech are the country鈥檚 leading sectors for investment.

Other mid-sized venture markets are seeing funding levels this year that are on track to be flat or moderately higher year over year, per 附近上门 data. In Europe, this includes France, Spain and Germany.

In Asia, India, Japan and South Korea are also neither way up nor way down. Canada and Australia, meanwhile, aren鈥檛 in a slump but also aren鈥檛 seeing any major AI-focused funding raised this year.

Maybe it鈥檚 a US bubble?

Now that more than three-fourths of startup funding is going to U.S. companies, it seems timely to note that the country is home to only a little over 4% of the global population.

On the tech startup front, it鈥檚 undoubtedly an impressive 4%. The U.S. has an unrivaled track record for building leading technology companies, along with the capital and talent to keep on doing so.

That said, certain trends do warrant some serious bubble consideration. The anomalously high concentration of startup funding into American companies is one of them.

Surely many of the countries in which the remaining 96% of people on Earth dwell possess entrepreneurial talent, infrastructure and economic might that could support more than just a measly 12% share of AI startup funding. If one was a betting type, it鈥檚 hard not to argue that the odds for that look pretty good.

Related 附近上门 queries:

Related reading:

• Q1 2026 Shatters Venture Funding Records As AI Boom Pushes Startup Investment To $300B

Illustration:

This is a weekly feature that runs down the week鈥檚 top 10 announced funding rounds in the U.S. Check out last week鈥檚 biggest funding deal roundup here.

Big fundraising deals did not take a pause for summer this week. In the U.S., the largest financings went to enterprise software company and blockchain technology provider . The largest deals of the week, however, were for European companies, with Germany鈥檚 pulling in $1.4 billion and Finnish space tech company landing $520 million.

1. , $400M, enterprise software: NinjaOne, provider of an IT operations and endpoint management platform, raised over $400 million in Series C extension funding at a $12.3 billion valuation. The Austin-based company said it grew revenue over 70% in 2025 and posted a profit in the first quarter of this year.

2. , $355M, blockchain technology: Digital Asset, a provider of blockchain technology geared for financial institutions, secured $355 million in a later-stage financing led by 鈥檚 crypto fund, . Founded in 2014, the New York-based company has raised at least $847 million in known funding to date, per .

3. , $350M, AI cloud infrastructure: Las Vegas-based TensorWave, an AMD AI cloud technology provider for training and inference workloads, closed on $350 million in Series B funding. and led the financing.

4. , $300M, biotech: Beren Therapeutics, a developer of therapeutics for conditions characterized by defective cholesterol trafficking, raised $300 million in equity and debt funding. The financing for the Thousand Oaks, California-based company includes $165 million in debt funding from as well as $135 million in equity investment.

5. , $200M, robotics: Standard Bots, a manufacturer of AI-native industrial robots, picked up $200 million in Series C funding. and were lead investors in the round, which set a $1 billion valuation for the New York-based company.

6. , $125M, genetic medicines: SonoThera, developer of an ultrasound-mediated genetic medicine platform, secured $125 million in Series B funding. led the financing for the San Francisco-based company.

7. (tied) , $100M, medical devices: Tempe, Arizona-based GT Medical Technologies, developer of a form of radiation therapy called GammaTile that is used at the time of brain tumor removal surgery, picked up $100 million in Series E funding led by .

7. (tied) (aka Genspark), $100M, agentic AI: MainFunc, the company behind Genspark, a developer of agentic AI tools for the workplace, reportedly $100 million in Series B extension funding at a $2.6 billion valuation. Investors reportedly included , and South Korea’s .

9. , $99.5M, biotech: Cambridge, Massachusetts-based City Therapeutics, a developer of RNA interference (RNAi)-based medicines, closed on $99.5 million in Series B funding from backers including new investors and .

10. , $85M, tools for the deaf and hearing-impaired: Rylo, developer of an app for hearing-impaired people, raised $85 million in growth funding from , and existing investors.

Outside the US

, $1.4B, robotics: Germany鈥檚 Neura Robotics, a developer of AI infrastructure for robots to learn, collaborate and operate across real-world environments, says it secured up to $1.4 billion in Series C funding.

, $520M, space tech: Helsinki-based Iceye, operator of a satellite constellation for monitoring conditions on Earth, raised $520 million in a Series F funding round led by , at a valuation of over $12 billion.

Methodology

We tracked the largest announced rounds in the 附近上门 database that were raised by U.S.-based companies for the period of June 6-12. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

Illustration:

The IPO聽caps a remarkable journey for a company that raised nearly $12 billion in private investment since its founding in 2002 to become the world鈥檚 most valuable venture-backed startup with a most recent private-market valuation of $1.25 trillion. Along the way, SpaceX helped redefine both the space industry and the late-stage venture market.

Its long-awaited offering raised some $75 billion and served as聽an enormous liquidity event for Musk, who became the as a result, as well as his close friend and confidant of , who now owns a stake valued at more than $68 billion in SpaceX. It’s also a massive and successful exit for early venture and corporate investors including , , , and .

SpaceX’s offering was unconventional along several fronts. Along with the IPO鈥檚 record-breaking nature 鈥� more than 10x larger than 鈥檚 $104 billion offering in 2012 鈥� the company also by setting a fixed price of $135 per share, rather than the traditional approach whereby investors and bookbuilders determine a range based on demand.

Hawthorne, California-based SpaceX is also wildly unprofitable. The company posted a net loss of $4.28 billion in the first quarter of 2026, up more than 700% from a year ago. Revenue totaled $4.69 billion in Q1, up 15% from a year ago. Its megacap valuation means it鈥檚 slated to trade at an aggressive premium of 94x revenue.

The SpaceX offering is the first in a lineup of at least three historic IPOs this year, with generative AI giants and openly racing to make it to the public markets in coming months. Altogether, the three IPOs transfer some $3 trillion in value from the private to public markets.

Related 附近上门 query:

Related reading:

• The SpaceX IPO Filing Looks Nothing Like Those Of The Elite Group Of Tech Giants It’s Hoping To Join
• SpaceX IPO At $1.5T Valuation Would Be 10x Larger Than Biggest VC-Backed Listing Of All Time
• Before You Cheer The IPO Window, Watch Where The Money Goes

Illustration:

Not only is a round of $100 million not remarkably large anymore, it鈥檚 not even atypical. Per 附近上门 data, the median U.S. late-stage round this year was exactly $100 million.

Moreover, if $100 million is supergiant, what do you call something more than 1,000x bigger, like 鈥檚 record-setting round this spring? That company鈥檚 chatbot suggests terms such as “leviathan,鈥� 鈥渃olussus鈥� or 鈥渢itan.鈥� Another option would be to recognize that what was once a legit supergiant round is today just a humdrum, everyday kind of deal.

The $100M+ round over 10 years

The rise of the $100 million-plus round hasn鈥檛 been chronologically linear, as charted below:

Initially, the category gained traction in the late 2010s, as companies such as , and scaled up late-stage financing in advance of plans for public offerings.

Around the peak of the 2021 bull market, the volume of 鈥渟upergiant鈥� rounds hit a cyclical peak. Dealmaking fell in subsequent years before picking up again with the rise of the AI funding wave.

Notably, more money than ever is now going into jumbo-sized rounds. However, as capital gets concentrated among a handful of hot names, deal volumes remain well below the prior peak.

Still, trends are looking up. So far this year, investors have backed 250 startup financings of $100 million or more. That puts 2026 on track for a year-over-year gain in deal count. Capital raised, meanwhile, is already at record-setting levels thanks to giant rounds for OpenAI, 听补苍诲 others.听聽

Median round on the rise

In tandem, the size of the median late-stage round has also risen. Per 附近上门 data, the typical financing at this stage has roughly doubled since 2020, from just over $50 million to around $100 million.

And it鈥檚 not a small cohort either. So far this year, U.S. startups have secured 250 rounds of $100 million or more, per 附近上门 data. Of those, half were for $200 million or more. Eighteen were for $1 billion more.

Valuations moving higher too, obviously

Of course, you don鈥檛 get ginormous startup financings without rapidly escalating valuations as well. And this year has been exceptional in delivering those.

Among U.S. startups that raised $100 million or more this year, 21 had pre-money valuations of $10 billion or more, per 附近上门 data.1 Two of those 鈥� Anthropic and OpenAI 鈥� have filed confidentially for IPOs that could reportedly set valuations close to $1 trillion.

Bottom line: Startup investors aren鈥檛 just putting unprecedented sums into giant rounds;聽 they鈥檙e expecting record-setting returns as well. We鈥檒l see in coming months if public markets deliver.

Related 附近上门 query:

Related reading:

• The Rise And Rise Of Supergiant Rounds
• Small Late-Stage Rounds Are Fading Away

Illustration:

Checking in five months later, the space continues to sizzle from a startup funding standpoint, even though public markets have pulled back from the space in recent days. So far in 2026, investors have poured around $10.7 billion into seed through pre-IPO rounds for companies in 附近上门鈥檚 semiconductor category. That puts funding on track to eclipse last year鈥檚 levels.

Noteworthy recent rounds

Beyond , which went public last month after securing a $1 billion February pre-IPO round, a number of semiconductor-focused startups are raising considerable investor capital this year. Using 附近上门 data, we put together a list of the 10 largest venture funding recipients.

One of the three largest fundraisers after Cerebras is , a developer of chips customized for the large model needs of AI labs. The Silicon Valley startup raised a $500 million Series B in February led by and .听

Another moving up the ranks is , which also secured $500 million in a March Series E financing led by . The San Jose, California-based company is an AI infrastructure startup focused on optics technology, with strategic backers including and .听

, a startup working on chips for AI superintelligence, reportedly also secured $500 million in new funding early this year. led the financing, which was said to set a $5 billion valuation for the Silicon Valley-based company.

The Cerebras factor

For now, the market fate of AI chip and infrastructure developer weighs heavily over the semiconductor startup space.

The Silicon Valley company鈥檚 massive IPO last month raised over $5 billion and saw shares soar in first-day trading. Since then, 11-year-old Cerebras has been heading lower, with shares down about a third from the initial closing price.听

Still, it鈥檚 far from a slacker. With a recent market cap around $50 billion, paired with rapidly rising revenues, Cerebras is finding plenty of investor support for its pitch that it is building 鈥渢he fastest AI infrastructure in the world.鈥澛犅�

High AI valuations and enthusiasm give sector a boost

Broadly, semiconductor startups are benefiting from the more widespread investor enthusiasm around the growth of AI and their continued support for the massive infrastructure outlays it requires.

That鈥檚 visible in the public markets as well, with semiconductor indices trading near all-time highs, a pullback in recent days notwithstanding. Chip designer Nvidia, meanwhile, remains the world鈥檚 most valuable public company.

The semiconductor industry is also young enough that most of today鈥檚 industry behemoths began as venture-backed startups. And given the rich history of innovative upstarts unseating leading players in this space, no one is doubting the chances of that storyline repeating.

Related 附近上门 queries:

Illustration:

This is a weekly feature that runs down the week鈥檚 top 10 announced funding rounds in the U.S. Check out last week鈥檚 biggest funding deal roundup here.

Startup investors were in a spendy mood this week, backing more than a dozen rounds in the multiple hundreds of millions. Of those, the biggest one went to spend-management platform , which closed on $750 million, followed by three $500 million rounds for companies in the AI and space tech sectors.

1.听, $750M, finance software: Spend-management software provider Ramp secured $750 million in a financing led by , 听补苍诲 . The round set a $44 billion valuation for the 7-year-old, New York-based company.

2. (tied) , $500M, space tech: Redondo Beach, California-based Impulse Space, a developer of spacecraft and propulsion systems for transport, moving and orbital repositioning in space, raised $500 million in Series D funding. and led the financing which brings total investment to date to more than $1 billion.听

2. (tied) , $500M, AI developer tools: Supabase, provider of an open source platform for developers and AI app builders, closed on $500 million in fresh funding. led the financing, which set a $10.5 billion valuation for the 6-year-old, San Francisco-based company.

2. (tied) , $500M, foundational AI: New York-based Flourish, a startup working on artificial intelligence models inspired by the human brain, raised $500 million in initial funding. Backers include , 听补苍诲 .

5. , $465M, fusion energy: Helion, a startup with a mission to build the world鈥檚 first fusion power plant, picked up $465 million in Series G funding led by at a $15.5 billion post-money valuation. The round brings total reported funding for the Everett, Washington-based company to at least $1.5 billion, per .听

6. , $435M, longevity medicines: NewLimit, a developer of medicines designed to restore youthful function in old cells through epigenetic reprogramming, closed on $435 million in Series C funding. led the financing for the South San Francisco, California-based company, which was co-founded by CEO .

7. (tied) , $400M, AI for music: Suno, a provider of AI tools for making music, raised $400 million in Series D funding led by . The round set a $5.4 billion valuation for the company, which is currently facing lawsuits from multiple music labels for training its AI on copyrighted materials.

7. (tied) , $400M, robotics: Generalist AI, a startup focused on using AI to enable robots to do complex tasks, picked up $400 million in new funding led by . The financing reportedly set a $2 billion valuation for the 2-year-old, San Mateo, California-based company.

9. , $350M, AI enterprise software: AlphaSense, an AI-enabled market intelligence and workflow orchestration platform, closed on $350 million in a new funding round led by , , , 听补苍诲 . The round set a $7.5 billion valuation for the New York-based company.

10. , $300M, defense tech: Defense tech startup Mach Industries raised $300 million in Series C funding at a $1.8 billion valuation. and led the financing for the 3-year-old, Huntington Beach, California-based company.

Methodology

We tracked the largest announced rounds in the 附近上门 database that were raised by U.S.-based companies for the period of May 30-June 5. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

Illustration: