The Week’s 10 Biggest Funding Rounds: Massive Rounds By Cruise And AlphaSense Lead Way
Jun 14, 2024 - news.crunchbase.com
The article discusses the top 10 startup funding deals for the week of June 8 to June 14, 2024. Leading the list is Cruise, an autonomous driving startup, which received $850M from General Motors. This is followed by AI-driven market intelligence platform AlphaSense with $650M, biotech companies Santa Ana Bio and Alzheon with $125M and $100M respectively, and spacecraft manufacturing company Apex with $95M. Other companies on the list include Cyberhaven, InduPro, Enveda Biosciences, Canary Technologies, and Posh AI.
In addition to the U.S.-based deals, the article also mentions a significant AI funding round in Europe, where Paris-based Mistral AI secured a round that values the company at $6 billion. The article suggests that despite some slow weeks, the funding landscape is picking up, with significant raises in industries such as AI, biotech, space tech, and cybersecurity.
Key takeaways:
The largest startup funding deal of the week was Cruise, an autonomous driving startup, which received $850M from General Motors.
AI-driven market intelligence platform AlphaSense raised $650 million in funding, increasing its valuation to $4 billion.
Biotech companies Santa Ana Bio and Alzheon raised $125M and $100M respectively, indicating a resurgence in biotech funding.
Spacecraft manufacturing company Apex secured a $95 million Series B funding, reflecting an uptick in VC-backed space tech startups funding this year.
