Boom Supersonic Secures $300 Million Funding Round Led By Darsana With $1.5 Billion Valuation

Boom Supersonic, the Centennial-based company developing a supersonic civilian jet, is finalizing a $300 million funding round led by Darsana, with participation from Altimeter, Robinhood Ventures, ARK Invest, Bessemer, and Y Combinator, CEO Blake Scholl said in an email to investors. The raise, which more than doubles the company’s initial target of $150 million, gives Boom a $1.5 billion post-money valuation and will fund scaled production of its Superpower industrial turbines, which in turn support certification and production of its Overture passenger jet. Since its founding in 2014, Boom has raised $600 million and already has preorders for 130 planes, including from United Airlines, American Airlines, and Japan Airlines, with passenger flights expected by the end of the decade. FOUNDER: Blake Scholl INVESTORS: Darsana, Altimeter, Robinhood Ventures, ARK Invest, Bessemer & Y Combinator AMOUNT: $300,000,000 VALUATION: $1,500,000,000 HQ: #Centennial #Colorado #VentureCapital #BoomSupersonic #BlakeScholl #Darsana #Altimeter #RobinhoodVentures ARKInvest #Bessemer #YCombinator #TradedVC

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OpenAI Secures Amazon's $50 Billion Investment Commitment In AI Infrastructure DevelopmentOpenAI has secured the completion of Amazon’s $50B investment commitment, with the e-commerce and cloud giant finalizing the remaining $35B tranche of the deal. The investment was part of OpenAI’s record $110B funding round, alongside commitments from Nvidia and SoftBank, and strengthens the company’s AI infrastructure ambitions through deeper integration with Amazon Web Services. CEO/founder information was not included in the provided details. FOUNDERS: Sam Altman, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman & Wojciech Zaremba INVESTORS: Amazon, Nvidia & SoftBank AMOUNT: $50,000,000,000 HQ: San Francisco, California #VentureCapital #OpenAI #SamAltman #Amazon #TradedVC

Function Health Secures $450 Million Financing From General Catalyst To Expand Health PlatformFunction Health, a preventative health platform, secured $450 million in non-dilutive financing from General Catalyst’s Customer Value Fund to accelerate customer acquisition and scale its platform. Led by CEO Jonathan Swerdlin, Function is expanding beyond blood testing into a vertically integrated health ecosystem combining 160-panel labs, at-home draws, full-body MRIs, supplement intelligence, and AI-powered health recommendations through its Medical Intelligence Labs platform. The company has completed more than 100 million lab tests for 500,000 U.S. members and aims to use diagnostics-driven data insights to make personalized preventative healthcare more accessible globally. FOUNDERS: Jonathan Swerdlin, Mark Hyman, Pranitha Patil, Daniel Swerdlin, Seth Weisfeld & Mike Nemke INVESTORS: General Catalyst & Customer Value Fund AMOUNT: $450,000,000 HQ: New York City, New York #VentureCapital #FunctionHealth #GeneralCatalyst #CustomerValueFund #TradedVC

K2 Space Raises $500 Million In Series D Round Led By Kleiner Perkins And ICONIQK2 Space, a Torrance, California-based satellite manufacturer, has raised $500 million in a Series D round at a $6.8 billion valuation. The round was led by Kleiner Perkins and ICONIQ, with participation from CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest, and T. Rowe Price Associates. Founded in 2022 by brothers Karan Kunjur and Neel Kunjur, K2 builds high-power, large-scale satellites for commercial and defense customers. The funding will help expand manufacturing capacity to 100 satellites per year as demand grows for next-generation communications, defense, and space infrastructure. FOUNDERS: Karan Kunjur & Neel Kunjur INVESTORS: Kleiner Perkins, ICONIQ, CapitalG, Lightspeed Venture Partners, Altimeter Capital, Spark Capital, Sands Capital, ARK Invest & T. Rowe Price Associates ROUND: Series D AMOUNT: $500,000,000 VALUATION: $6,800,000,000 HQ: Torrance, California #VentureCapital #K2Space #SpaceTech #Satellite #TradedVC