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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 rounds here.
AI startups and California-based companies have been scooping up an outsized share of venture funding for a while now, and this past week was no exception. Leading the ranks was , as the AI processor developer and potential IPO candidate picked up $1.1 in fresh funding. Other large rounds went to companies in areas including AI, enterprise software, cybersecurity, blockchain and biotech.
1.听, $1.1B, AI hardware: Cerebras Systems, a developer of AI processors, that it raised $1.1 billion in Series G funding at an $8.1 billion post-money valuation. and led the financing for the Sunnyvale, California-based company, which filed to go public last year.听
2. (tied) , $300M, AI: Silicon Valley-based Periodic Labs launched with $300 million in initial funding to develop AI models for science. Venture backers include , 听1, , and .听
2. (tied) , $300M, cloud infrastructure: Vercel, a developer of tools and cloud infrastructure to build websites, secured $300 million in a Series F round co-led by and . The financing sets a $9.3 billion valuation for the 10-year-old company.听
4. , $205M, biopharma: San Diego-based Crystalys Therapeutics launched with $205 million in Series A financing to support its mission of addressing the unmet medical needs of people living with gout. , and led the financing.
5. , $200M, blockchain: Flying Tulip, a provider of blockchain financial products, it raised $200 million in a private funding round. Backers included , , , 听and .
6. , $180M, cybersecurity: CyberCube, a provider of cyber risk management tools, said it locked up more than $180 million in an investment from . Founded in 2015, San Francisco-based CyberCube has raised at least $285 million to date, per 附近上门 data.
7. , $125M, antibody therapies: South San Francisco, California-based Star Therapeutics, a developer of antibodies for bleeding disorders and other diseases, picked up $125 million in Series D financing co-led by and .听
8. , $103M, legal tech: Eve, a San Francisco-based AI platform for plaintiff law firms, $103 million in Series B funding at over a $1 billion valuation. led the financing, with participation from existing investors Andreessen Horowitz, 听and .
9. , $100M, database technology: Postgres development platform Supabase that it closed on $100 million in Series E funding at a $5 billion valuation. Accel and led the financing for the 5-year-old, San Francisco-based company.
10. , $90M, accounting software: DualEntry, a provider of AI-enabled business accounting tools, $90 million in a Series A round that comes just 18 months after its launch. and led the financing for the New York-based company.
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