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The Week’s 10 Biggest Funding Rounds: Celestial AI Tops List Of Large Raises

Mar 29, 2024 - news.crunchbase.com
The article discusses the largest startup funding deals in the U.S. for the week of March 23 to 29, 2024. The top three deals were Celestial AI, a semiconductor startup, which raised $175 million in a Series C round; Avenzo Therapeutics, a biotech startup, which secured $150 million in a Series A-1 financing; and The Brandtech Group, a marketing company, and Observe, a data integration company, both tied at $115 million in their respective funding rounds. Other companies mentioned include Coro, FundGuard, Lightshift Energy, Eliyan, HeyGen, and Pelago.

The article also highlights the increasing trend of large funding rounds, particularly in sectors such as AI, biotech, marketing, and semiconductors. Despite the significant domestic deals, the largest funding round came from China-based Huakong Power, which raised over $692 million. The data was sourced from the Crunchbase database, tracking U.S.-based companies' announced rounds for the specified week.

Key takeaways:

  • The largest startup funding deals in the final week of March 2024 included seven rounds hitting $100 million or more, with Celestial AI raising the highest amount at $175 million.
  • Avenzo Therapeutics secured the biggest biotech raise of the week with $150 million, while The Brandtech Group and Observe both raised $115 million in their respective fields of marketing and data integration.
  • Other significant funding rounds included Coro in cybersecurity, FundGuard in accounting, and Lightshift Energy in the energy sector, each raising $100 million.
  • The biggest funding round globally came from China-based Huakong Power, which raised more than $692 million.
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