{"id":15302,"date":"2024-02-22T21:41:21","date_gmt":"2024-02-22T10:41:21","guid":{"rendered":"https:\/\/www.pulserecruitment.com.au\/?p=15302"},"modified":"2024-03-07T21:56:41","modified_gmt":"2024-03-07T10:56:41","slug":"10-tech-funding-rounds-this-past-week","status":"publish","type":"post","link":"https:\/\/www.pulserecruitment.com.au\/10-tech-funding-rounds-this-past-week\/","title":{"rendered":"10 Tech Funding Rounds This Past Week"},"content":{"rendered":"

In a week resembling the funding frenzy of 2021, U.S.-based startups witnessed ten rounds exceeding $100 million. Notably, AI and biotech took the lead in this surge.<\/p>\n

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  1. Lambda ($320M – AI):<\/strong>\u00a0Securing unicorn status, Lambda raised $320 million in a Series C, offering cloud computing services and AI software training with Nvidia GPUs. The round, led by Thomas Tull\u2019s US Innovative Technology Fund, is the year’s largest in the AI sector.<\/li>\n
  2. Freenome ($254M – Biotech):<\/strong>\u00a0Focused on early cancer detection, Freenome secured $254 million, led by Roche. The South San Francisco-based startup concentrates on tests for colorectal and lung cancers, bringing its total funding to $1.4 billion.<\/li>\n
  3. Cinq Music ($250M – Music):<\/strong>\u00a0Los Angeles-based Cinq Music secured $250 million for acquiring music rights, intending to expand its diverse catalog in genres like reggaeton, M\u00fasica Mexicana, Afrobeat, and country.<\/li>\n
  4. BioAge Labs ($170M – Biotech):<\/strong>\u00a0Tackling obesity and metabolic diseases, BioAge Labs raised $170 million in a Series D led by Sofinnova Investments, advancing the Phase 2 clinical development of its weight-loss drug Azelaprag.<\/li>\n
  5. Lilac Solutions ($170M – Advanced Materials):<\/strong>\u00a0Specializing in lithium extraction technology, Lilac Solutions raised $170 million in a Series C round, with notable investors like BMW i Ventures and Mitsubishi Corp. The Oakland-based startup addresses the demand for environmentally friendly lithium extraction in the EV market.<\/li>\n
  6. Latigo Biotherapeutics ($135M – Biotech):<\/strong>\u00a0Latigo Biotherapeutics, based in Thousand Oaks, California, secured $135 million in Series A financing for developing nonopioid pain medicines.<\/li>\n
  7. ProfoundBio ($112M – Biotech):<\/strong>\u00a0Seattle-based ProfoundBio raised $112 million in a Series B round for its antibody-drug conjugate therapeutics targeting cancer patients.<\/li>\n
  8. Sierra ($110M – AI):<\/strong>\u00a0San Francisco-based Sierra, a conversational AI company, raised $110 million in its first announced fundraise, led by Sequoia Capital and Benchmark, valuing the company at nearly $1 billion.<\/li>\n
  9. Bugcrowd ($102M – Cybersecurity):<\/strong>\u00a0Bugcrowd, a San Francisco-based hackers-for-hire platform, secured $102 million in funding led by General Catalyst to accelerate global growth and explore strategic M&A opportunities.<\/li>\n
  10. Alys Pharmaceuticals ($100M – Biotech):<\/strong>\u00a0Medicxi merged six dermatology-focused portfolio companies to launch Alys Pharmaceuticals, raising $100 million. The immunohematology-focused startup, with bases in Boston and Geneva, focuses on advancements in dermatology.<\/li>\n<\/ol>\n

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    In a week resembling the funding frenzy of 2021, U.S.-based startups witnessed ten rounds exceeding $100 million. Notably, AI and biotech took the lead in this surge. Lambda ($320M – AI):\u00a0Securing unicorn status, Lambda raised $320 million in a Series C, offering cloud computing services and AI software training with Nvidia GPUs. The round, led…<\/p>\n","protected":false},"author":15,"featured_media":15303,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","footnotes":""},"categories":[77],"tags":[],"class_list":["post-15302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/posts\/15302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/comments?post=15302"}],"version-history":[{"count":1,"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/posts\/15302\/revisions"}],"predecessor-version":[{"id":15304,"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/posts\/15302\/revisions\/15304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/media\/15303"}],"wp:attachment":[{"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/media?parent=15302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/categories?post=15302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pulserecruitment.com.au\/af-api\/wp\/v2\/tags?post=15302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}