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The Week’s 10 Biggest Funding Rounds: CoreWeave’s $1.1B Raise Leads Huge Week

May 03, 2024 - news.crunchbase.com
The article discusses the largest startup funding deals in the U.S. for the week of April 27 to May 3, 2024. The top three deals were CoreWeave, an AI cloud infrastructure startup, which raised $1.1 billion; Pine Gate Renewables, a solar and energy storage product developer, which secured $650 million; and PsiQuantum, a quantum computing company, which landed $620 million. Other sectors that saw significant funding include energy, neuroscience, autonomous vehicles, biotech, cybersecurity, fintech, and healthcare.

The article also highlights a trend of increased funding to AI-related startups and a resurgence in cybersecurity venture funding. It also mentions the largest funding round outside the U.S., which was a $216 million venture round raised by India-based online health service PharmEasy. The data was sourced from the Crunchbase database, which tracks announced funding rounds for U.S.-based companies.

Key takeaways:

  • More than a dozen nine-figure rounds were raised by U.S.-based startups this week, marking the highest number of such rounds this year and possibly last year as well.
  • AI cloud infrastructure startup CoreWeave raised the largest funding round of $1.1 billion, followed by Pine Gate Renewables with $650 million, and PsiQuantum with $620 million.
  • Other sectors that saw significant funding rounds include energy, quantum computing, neuroscience, autonomous vehicles, cybersecurity, fintech, and healthcare.
  • The largest funding round outside the U.S. was raised by India-based PharmEasy, an online health service, which secured a $216 million venture round.
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