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May 6, 2025 - Deals
NewLimit Raises $130 Million In Series B Funding Led By Kleiner Perkins
NewLimit, a biotech startup co-founded by Coinbase CEO Brian Armstrong, Blake Byers, and stem cell expert Jacob Kimmel, has raised $130 million in a Series B round led by Kleiner Perkins to advance its mission of developing age-reversing treatments through epigenetic reprogramming. The round included new investors Nat Friedman, Daniel Gross, and Khosla Ventures, alongside returning backers like Founders Fund and Patrick Collison. The company, now over four years old, has identified three prototype drugs that rejuvenate liver cells and is leveraging AI to accelerate discovery in a “lab-in-a-loop” model, though human trials remain a few years away.
INVESTORS: Kleiner Perkins, Nat Friedman, Daniel Gross, Khosla Ventures, Founders Fund, Dimension Capital, Elad Gil, Garry Tan & Patrick Collison
ROUND: Series B
AMOUNT: $130,000,000
HQ: #SanFrancisco #California
#VentureCapital #NewLimit #BrianArmstrong #BlakeByers #JacobKimmel #KleinerPerkins #NatFriedman #DanielGross #KhoslaVentures #FoundersFund #DimensionCapital #EladGil #GarryTan #PatrickCollison #TradedVC
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Olix Raises $312 Million In Series B Funding At $3.3 Billion ValuationOlix, a UK-based AI chip startup founded by James Dacombe, has raised $312 million in a Series B funding round at a $3.3 billion valuation, more than tripling its valuation from $1 billion just six months earlier. The round was backed by investors including Arm, Fundomo, Hudson River Trading, Reed Hastings, and the UK government’s Sovereign AI venture fund. Olix is developing a suite of specialized AI inference chips connected through a novel photonic interconnect, an approach designed to improve performance, efficiency, and scalability compared with traditional architectures. The new funding will support development of its custom silicon platform and help bring its first chip to customers in the second half of 2027.
FOUNDER: James Dacombe
INVESTORS: Arm, Fundomo, Hudson River Trading, Reed Hastings, UK Government Sovereign AI Venture Fund & Creandum
ROUND: Series B
AMOUNT: $312,000,000
VALUATION: $3,300,000,000
HQ: London, United Kingdom
#VentureCapital #Olix #JamesDacombe #TradedVC
Zenity Secures $125 Million In Series C Funding Led By Norwest And Multiple InvestorsZenity, a Tel Aviv, Israel-based provider of an AI security and governance platform for AI agents, raised $125 million in Series C financing led by Norwest, with participation from Qumra Capital, SoftBank Vision Fund 2, Hitachi Ventures, LG Technology Ventures, Vertex Ventures, Third Point Ventures, DTCP, and Intel Capital. Co-founded by CEO Ben Kliger and CTO Michael Bargury, the company will use the new funding to accelerate platform innovation, expand Zenity Labs, grow its presence across Europe and Asia Pacific, and meet rising enterprise demand for AI agent security.
FOUNDERS: Ben Kliger & Michael Bargury
INVESTORS: Norwest, Qumra Capital, SoftBank Vision Fund 2, Hitachi Ventures, LG Technology Ventures, Vertex Ventures, Third Point Ventures, DTCP & Intel Capital
ROUND: Series C
AMOUNT: $125,000,000
HQ: Tel Aviv, Israel
#VentureCapital #Zenity #BenKliger #MichaelBargury #TradedVC
Horizon3 Raises $250 Million In Series E Round Led By NightDragon And NEAHorizon3, a San Francisco-based cybersecurity startup, raised $250 million in a Series E round at a valuation exceeding $2 billion, bringing its total funding to $428.5 million. The round was co-led by NightDragon and NEA, with participation from Acrew Capital, Blue Cloud Ventures, Demeter Group, EDBI, PSG, SAIC, Sapphire Ventures, Craft Ventures, Prosperity7 Ventures, Qualcomm Ventures, Ridge Ventures, SignalFire, and others, and the company said it will use the proceeds to expand globally and scale its AI-native security platform NodeZero; CEO Snehal Antani said the company is also investing in autonomous AI agents that can remediate vulnerabilities alongside its offensive security capabilities.
FOUNDERS: Snehal Antani & Anthony Pillitiere
INVESTORS: NightDragon, NEA, Acrew Capital, Blue Cloud Ventures, Demeter Group, EDBI, PSG, SAIC, Sapphire Ventures, Craft Ventures, Prosperity7 Ventures, Qualcomm Ventures & Ridge Ventures, SignalFire
ROUND: Series E
AMOUNT: $250,000,000
VALUATION: $2,000,000,000
HQ: San Francisco, California
#VentureCapital #Horizon3 #SnehalAntani #AnthonyPillitiere #TradedVC