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The Week’s 10 Biggest Funding Rounds: Xcimer Energy Leads The Way As Big Rounds Dry Up

Jun 07, 2024 - news.crunchbase.com
The article provides a rundown of the top 10 startup funding rounds in the U.S. for the week of June 1 to June 7, 2024. Leading the list is Xcimer Energy, an energy startup working on laser-driven inertial fusion, which secured a $100 million Series A funding led by Hedosophia. Other notable startups include Pika, an AI startup that raised $80 million, Prolific Machines and Restor3d, both tied at $55 million, and Osteal Therapeutics and Twelve Labs, tied at $50 million.

The article also highlights the slowdown in funding for 3D tech startups, with only about $424 million raised so far this year, compared to over $2.4 billion in 2022. The largest global deal of the week was a $552 million round raised by Shanghai-based semiconductor company Unisoc. The data was sourced from the Crunchbase database, which tracks the largest announced funding rounds for U.S.-based companies.

Key takeaways:

  • Xcimer Energy led the week's funding rounds with a $100 million Series A for its laser-driven inertial fusion work.
  • Pika, an AI startup that generates video, raised an $80 million round, valuing the company at $470 million.
  • Restor3d, a maker of 3D printed personalized orthopedic implants, secured a $70 million financing, including a $55 million Series A round.
  • The largest global funding round of the week came from Shanghai-based Unisoc, a semiconductor company, which raised approximately $552 million.
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