The article also highlights other notable funding rounds, including a $74 million Series D extension for cybersecurity firm Dragos, a $60 million Series A for electric chassis developer Harbinger Motors, and a $56 million seed round for biotech firm Hyku Biosciences. The largest global deal of the week was a nearly $329 million venture round for China-based car maker FAW Pentium.
Key takeaways:
- Mapbox, a San Francisco-based location-mapping startup, raised the largest funding round of the week with $280 million, led by SoftBank. The company is working on bringing AI to help with automated driving and safety.
- Three startups tied for the second largest funding round of the week, each raising $100 million. These include Openly, an insurance tech company, and two AI startups, Pryon and Writer.
- Dragos, a cybersecurity company, raised a $74 million Series D extension, marking a significant raise in the operational technology security space, which has been quiet recently.
- Four companies tied for the ninth spot, each raising $50 million. These include AI security firm HiddenLayer, Magnet Biomedicine, supply chain startup Rail Modal Group, and ReCode Therapeutics.