The list is part of a weekly feature that tracks the largest announced funding rounds in the U.S. The article also mentions that despite the year-end approaching, companies are still raising significant funding rounds, with biotech companies leading the way. The funding will be used to develop various technologies and treatments, ranging from gene therapies for liver diseases to AI-generated virtual libraries for novel small molecule therapeutics.
Key takeaways:
- The largest startup funding deal in the week of Dec. 9 to Dec. 15 was by Tome Biosciences, a biotech company, which raised $213 million in a combination of Series A and B funding.
- Bicara Therapeutics, another biotech company, raised $165 million in a Series C funding round, marking its second appearance on the list after a $108 million Series B round in March.
- True Anomaly, a space and defense startup, raised $100 million in a funding round led by Riot Ventures. The company develops hardware and software systems to help space security and readiness.
- Essential AI, an artificial intelligence startup, raised $56.5 million in a funding round led by March Capital. The company is working on automating monotonous corporate tasks using AI.