The Week’s Biggest Funding Rounds: Saronic’s Massive Raise Tops List
Feb 21, 2025 - news.crunchbase.com
The article highlights the top 10 largest startup funding deals in the U.S. for the week of February 15 to February 21, 2025, focusing on $100 million-plus venture deals. The leading sectors this week were defense and artificial intelligence, with Saronic, an autonomous surface vessels maker, securing the largest round at $600 million, followed by Lambda and Together AI raising $480 million and $305 million, respectively, in the AI sector. Other notable deals include Abridge in healthcare with $250 million, Verkada in security with $200 million, and several $100 million rounds in human resources, virtual reality, and healthcare.
Additionally, the article mentions a significant global deal outside the U.S., with Beijing-based Neolix raising nearly $138 million for its autonomous vehicle and smart city development. The methodology for tracking these deals involves using the Crunchbase database to identify the largest announced rounds by U.S.-based companies within the specified week, acknowledging potential reporting delays.
Key takeaways:
Saronic raised a $600 million Series C round, valuing the company at $4 billion, to expand its autonomous surface vessels.
Lambda secured a $480 million Series D round, reaching a post-money valuation of $2.5 billion, to enhance its AI cloud computing services.
Together AI raised $305 million, increasing its valuation to $3.3 billion, to further develop its AI cloud platform.
Abridge raised $250 million to advance its AI-driven medical documentation solutions, now valued at $2.75 billion post-money.
