The article also mentions a significant deal outside the U.S., with Netherlands-based web services provider Omnetic raising approximately $108 million. The report suggests that the AI and biotech sectors are picking up pace after a slow start to the year, with AI startups having raised over $3 billion so far. The funding rounds are tracked using data from the Crunchbase database.
Key takeaways:
- This week saw 10 funding rounds of $100 million or more raised by U.S.-based startups, a trend not seen since early 2022. Three of these rounds were for a quarter-billion dollars or more.
- AI and biotech companies led the funding rounds. Lambda, an AI company, raised the largest round of $320 million, hitting a $1.5 billion valuation. Freenome, a biotech company, raised $254 million for its blood-test development.
- Other notable funding rounds include Cinq Music's $250 million for acquiring music rights, BioAge Labs' $170 million for tackling obesity and metabolic diseases, and Lilac Solutions' $170 million for lithium extraction technology.
- Despite the large deals in the U.S., only one company outside the country, Netherlands-based Omnetic, raised a funding round worth approximately $108 million.