Key Takeaways
- TerraPower secures $650M for nuclear energy solutions, with a project in Wyoming set for 2030.
- Applied Intuition raises $600M, achieving a $15 billion valuation for its vehicle intelligence platform.
- Teamworks receives $235M to enhance its software used by over 6,500 elite sports teams.
Venture Funding Highlights
Energy solutions and advanced technologies dominated the largest U.S. venture funding deals this week. Notably, TerraPower, co-founded by Bill Gates in 2006, topped the list with a significant $650 million funding round aimed at nuclear energy solutions. This project, situated in Wyoming, anticipates completion by 2030, attracting investment from Nvidia and shipbuilder HD Hyundai, among others.
In the autonomous vehicle sector, Applied Intuition raised $600 million in its Series F funding, marking a milestone in its capital accumulation. This substantial investment, led by BlackRock and Kleiner Perkins, values the company at $15 billion—more than double its previous valuation of $6 billion just a year prior. Its technology is currently utilized by 18 of the top 20 automakers and the U.S. Department of Defense, reflecting its critical role across various industries.
Teamworks, focusing on software solutions for elite sports teams, secured $235 million in a Series F round led by Dragoneer Investment Group. With a valuation of $1.2 billion, the company supports over 6,500 teams, including major leagues such as the NFL and NBA. To date, Teamworks has raised more than $400 million.
In fintech, Ramp raised $200 million in its Series E funding, doubling its valuation to $16 billion. This corporate credit card and expense management platform services over 40,000 companies and has achieved a total of $1.4 billion in funding since its inception.
Commure, a healthcare tech startup, also received $200 million this week, aimed at enhancing AI-driven solutions for hospitals. Juniper Square raised $130 million for its fund management software, while Tennr acquired $101 million to improve the referral process for healthcare providers.
Other notable funding rounds included Mach Industries with $100 million for unmanned weapon systems, EigenLabs with $70 million in blockchain funding, and Actio Biosciences, which raised $66 million for precision drug trials.
Internationally, the largest deal was by Helsing, a Berlin-based AI defense company, securing $694 million at a valuation of $13.9 billion, reflecting continued interest in defense technologies worldwide.
This summary captures the essence of the week’s significant funding actions, reflecting ongoing investments in technology aimed at addressing pressing challenges across various sectors.
The content above is a summary. For more details, see the source article.
