In addition to the U.S. deals, the article also mentions a significant global deal: a $300 million funding round for AI translation and language startup DeepL, led by Index Ventures. The funding round doubled the company's valuation to $2 billion. The article also notes that while most funding rounds are represented in the Crunchbase database, there may be a small time lag as some rounds are reported late in the week.
Key takeaways:
- Scale AI, an artificial intelligence startup, raised $1 billion in a funding round led by Accel, valuing the company at $13.8 billion.
- AltruBio, a biotech startup, secured a $225 million Series B led by BVF Partners for the development of therapeutics for immunological diseases.
- Web3 social media platform Farcaster raised a $150 million round led by Paradigm, indicating a possible resurgence in Web3 funding.
- Music startup Suno, which uses generative AI to allow users to create songs from text prompts, secured a $125 million funding round led by Lightspeed Venture Partners and others.