The article also mentions some significant global deals, with Indian grocery delivery startup Zepto raising $665M, making it the second-largest raise globally for the month. The data is based on the Crunchbase database, which tracks the largest rounds raised by U.S.-based companies.
Key takeaways:
- The top funding round in June was secured by Cruise, an autonomous car startup, which received $850M from General Motors, despite facing several challenges including the suspension of its self-driving taxi program and a failed deal with SoftBank.
- AI-driven market intelligence platform AlphaSense raised $650M in funding, marking a 75% increase in valuation from just nine months prior. The funding was used to acquire expert research startup Tegus for $930M.
- Other notable funding rounds include Sila Nanotechnologies ($375M), Formation Bio ($372M), and CData Software ($350M), all of which are involved in diverse sectors such as battery materials, biotech, and data integration respectively.
- Despite a slowdown in funding for low-code and no-code startups, Creatio managed to achieve unicorn status after securing a $200M round led by Sapphire Ventures, indicating continued investor interest in this sector.