Tenstorrent, a developer of AI processors, led the week with a $1.5 billion Series E round, reaching a valuation of $6.2 billion. The round was led by Trace Capital and Innovation X.
AI lab Flapping Airplanes secured $1 billion in Series A funding, led by Lux Capital and Index Ventures. This follows a $180 million seed round raised less than 10 months ago.
ASI raised $325 million in Series C funding, valuing the firm at $3 billion. Xona, a space tech company, closed a $250 million Series D round, achieving a valuation of $2.4 billion.
Pathos AI raised $237 million in Series E funding, while Warp Sciences secured $215 million in Series A financing. Both companies focus on applying AI to pharmaceutical development.
Whop, Star Therapeutics, and Warhound each raised $200 million. Whop reached a $5.1 billion valuation. Warhound, co-founded by Palmer Luckey, will use the funds to breed military dogs.
Arda Industries closed a $160 million Series A round at a $1.5 billion valuation. The company also disclosed a previous $72 million seed financing round.
