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The Week’s Biggest Funding Rounds: Data Storage And Lots Of Biotech

Jan 10, 2025 - news.crunchbase.com
The article highlights the top 10 largest startup funding deals in the U.S. for the week of January 3 to January 10, 2024, where companies needed to raise over $100 million to make the list. Biotech and healthcare startups dominated the list, with DDN, a data storage company, securing the top spot with a $300 million investment from Blackstone Group. Other notable deals include Innovaccer's $275 million round for healthcare AI solutions, Whatnot's $265 million for its livestream shopping platform, and Aviceda Therapeutics' $208 million for biotech innovations.

Additionally, the article mentions significant funding rounds for Tenvie Therapeutics, Timberlyne Therapeutics, Inari, Hippocratic AI, Evergreen Nephrology, and Ouro Medicines, all raising between $120 million and $200 million. The biggest global deal outside the U.S. was London-based Verdiva Bio's $411 million Series A for obesity and cardiometabolic treatments. The data is sourced from the Crunchbase database, tracking U.S.-based companies' funding rounds for the specified week.

Key takeaways:

  • Biotech and healthcare startups dominated the top funding rounds, with several companies raising significant amounts.
  • DDN, a data storage company, received the largest funding round of $300 million from Blackstone Group.
  • Innovaccer, a healthcare AI solutions provider, raised $275 million, highlighting the intersection of AI and healthcare.
  • The biggest global deal outside the U.S. was a $411 million Series A raised by London-based Verdiva Bio, a biotech firm.
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