The largest funding round was secured by Alumis, a biotech startup developing oral therapies for immune-mediated diseases, which raised a $259M Series C led by Foresite Capital, Samsara BioCapital, and VenBio Partners. The biggest global deal of the week was a $600M round raised by Chinese AI startup MiniMax, led by Alibaba Group Holding. The article also mentions that March seems to be continuing the trend of investors writing big checks for large funding rounds.
Key takeaways:
- Biotech startups led the way in funding rounds this week, with three companies from the sector making the top five. Alumis, Sionna Therapeutics, and Rakuten Medical raised $259M, $182M, and $119M respectively.
- Axonius, a cybersecurity and SaaS asset management startup, secured a $200 million Series E extension led by Accel and Lightspeed Venture Partners, bringing its total raised to $865 million.
- Claroty, a New York-based industrial cybersecurity firm, secured $100 million in strategic financing, bringing its total raised to $735 million.
- The biggest global funding round of the week came from Chinese AI startup MiniMax, which raised a $600 million round led by Alibaba Group Holding.