The article also mentions a significant global deal, with Sweden-based H2 Green Steel, a company that produces steel with less carbon dioxide emissions, raising a venture round worth more than $1.6 billion. The data was sourced from the Crunchbase database, which tracks the largest announced funding rounds for U.S.-based companies.
Key takeaways:
- Stack AV, an autonomous driving startup, led the week's funding rounds with a $1 billion investment, primarily from SoftBank Group. This is the third-largest funding ever for a Pittsburgh-based startup.
- Ascend Elements, a manufacturer of sustainable battery materials for EVs, raised a $460 million Series D round. The company has now raised a total of $1.5 billion since its founding in 2015.
- Nimbus Therapeutics, a clinical-stage medicine developer, collected a $210 million round co-led by new investor GV (Google Ventures) and existing investors SR One and Atlas Venture. The company has raised a total of $637 million since its inception in 2009.
- Imbue, an AI research lab, secured a $200 million Series B round, valuing the company at $1 billion. The company's goal is to enable anyone to build custom AI agents.