The article also highlights the sectors that attracted significant investments, such as autonomous vehicles, industrial security, software, biotech, artificial intelligence, cybersecurity, climate, beverage, robotics, food, and blockchain. Despite the decline in venture funding in the autonomous vehicle sector, Applied Intuition managed to secure a substantial investment. Meanwhile, industrial cybersecurity startups are gaining investor interest due to increasing cyber threats. The article also mentions the biggest global deal of the week, a $139 million Series B round raised by Germany-based chemotherapeutic medication developer Tubulis.
Key takeaways:
- The largest startup funding deal of the week was secured by Applied Intuition, an autonomous vehicle software developer, which raised $250 million in a Series E round, valuing the company at $6 billion.
- Luminary Cloud, a computer-aided engineering SaaS platform, came out of stealth and announced a $115 million raise led by Sutter Hill Ventures.
- Zephyr AI, a healthcare startup, closed a $111 million Series A round from investors including Revolution Growth and Eli Lilly & Company.
- Nozomi Networks, a cybersecurity startup, secured a $100 million Series E round from investors including Mitsubishi Electric and Schneider Electric.