Whos raising & Whats closing?

Digestable dealflow. We’ll help you keep tabs on the industry’s most important deals.

Thinking Machines Valued At $50 Billion In Funding Discussions With New Product TinkerThinking Machines, the AI startup founded by former OpenAI executive Mira Murati, is in early discussions to raise a new round of funding at a reported $50 billion valuation, up from its $12 billion valuation in July after securing about $2 billion. The talks come as the company rolls out its first product, Tinker, a tool for fine-tuning language models, and as co-founder Andrew Tulloch recently departed to join Meta, with deal terms still in flux and not yet finalized. FOUNDER: Mira Murati VALUATION: $50,000,000,000 HQ: #SanFrancisco #California #VentureCapital #ThinkingMachines #MiraMurati #TradedVC

Exowatt Secures $50 Million In Funding To Boost U.S. Manufacturing Of Solar TechnologyExowatt has raised an additional $50 million to accelerate U.S. manufacturing and the rollout of its dispatchable P3 solar systems, bringing its total funding to $140 million in under two years. Founded in 2023 by Hannan Happi—who also serves as CEO—and Atomic CEO Jack Abraham, the company is scaling its modular, around-the-clock solar technology to meet surging power demand from AI data centers and industrial sites. The extension round was led by MVP Ventures and 8090 Industries, with participation from existing backers including Felicis and a range of venture firms and angel investors. FOUNDERS: Hannan Happi & Jack Abraham INVESTORS: MVP Ventures, 8090 Industries, Felicis, The Florida Opportunity Fund, DeepWork Capital, Dragon Global, Massive VC, New Atlas Capital, BAM, Overmatch, Protagonist, StepStone, Atomic & Bay Bridge Ventures AMOUNT: $50,000,000 HQ: #Miami #Florida #VentureCapital #Exowatt #HannanHappi #JackAbraham #MVPVentures #8090Industries #Felicis #TheFloridaOpportunityFund #DeepWorkCapital #DragonGlobal #MassiveVC #NewAtlasCapital #BAM #Overmatch #Protagonist #StepStone #Atomic #BayBridgeVentures #TradedVC

Orion Raises $17.5 Million Seed Round From Mucker Capital Browder Capital And Second Sight VenturesOrion, the sleep technology startup co-founded by 25-year-old Harry Gestetner, his father Daniel Gestetner, and partners Blake Johnson and Scott Cohen, raised $17.5 million in a seed round led by investors including Mucker Capital, Browder Capital, and Second Sight Ventures. The company makes a sensor-activated mattress cover that uses AI to regulate body temperature for optimal sleep, with plans to develop more affordable sleep products and expand its recurring subscription model for ongoing biometric analysis. FOUNDERS: Harry Gestetner, Daniel Gestetner, Blake Johnson & Scott Cohen INVESTORS: Mucker Capital, Browder Capital & Second Sight Ventures. Criticality (Ryan), Mucker Capital (William), Browder Capital (Joshua Browder), Second Sight Ventures (Patrick Finnegan), Lead Ventures (Adidas Family), Power of N (Nikki), The Family Fund & Founder Community (Sean & Josh), Hawke Ventures (Erik), Break Trail Ventures (Jay), Antler, Intuition VC (Hugo), Cooley LLP + angels including Allison Ellsworth & Stephen Ellsworth (poppi), Jim McKelvey (Square), Eytan Elbaz (Google AdSense/Scopely), Tanay Tandon (Commure), Jacob Peters & Max Marchione (Superpower), Luke Harries (ElevenLabs), Alon Matas (BetterHelp), and others. ROUND: Seed AMOUNT: $17,500,000 #VentureCapital #Orion #HarryGestetner #DanielGestetner #BlakeJohnson #ScottCohen #MuckerCapital #BrowderCapital #SecondSightVentures #TradedVC

Alembic Technologies Secures $145 Million In Series B Funding Led By Prysm Capital And AccentureAlembic Technologies, a causal AI startup led by co-founder and CEO Tomás Puig, has raised $145 million in a Series B round co-led by Prysm Capital and Accenture. The funding, which boosts the company’s valuation nearly 16-fold, will help Alembic expand its enterprise-grade causal AI models and deploy a new Nvidia NVL72 superPOD supercomputer. The system will serve as the backbone of Alembic’s private AI infrastructure, powering real-time causal insights for enterprise clients like Accenture while ensuring high performance, reliability, and data security. FOUNDER: Tomás Puig INVESTORS: Prysm Capital, Accenture, Liquid 2 Ventures, NextEquity, Friends & Family Capital, WndrCo & SLW ROUND: Series B AMOUNT: $145,000,000 HQ: #SanFrancisco #California #VentureCapital #AlembicTechnologies #TomásPuig #PrysmCapital #Accenture #Liquid2Ventures #NextEquity #FriendsandFamilyCapital #WndrCo #SLW #TradedVC

Nice Acquires German AI Firm Cognigy For $955 MillionNice beat third-quarter forecasts and raised its full-year outlook following its $955 million acquisition of German AI firm Cognigy. Revenue rose 6% year over year to $732 million, driven by 13% growth in cloud revenue, while net profit jumped 20% to $144.9 million. CEO Scott Russell credited the performance to the company’s “AI-first strategy,” highlighting accelerating demand for its CX AI and self-service solutions. Nice now projects 2025 non-GAAP revenue between $2.93 billion and $2.95 billion and earnings per share of $12.18–$12.32, reflecting Cognigy’s contribution and ongoing AI-driven growth momentum. SALE PRICE: $955,000,000 Nice HQ: #Israel #VentureCapital #Nice #Cognigy #TradedVC

Milestone Secures $10 Million Seed Funding Led By Heavybit And Hanaco VenturesIsraeli startup Milestone has raised $10 million in a seed funding round led by Heavybit and Hanaco Ventures to help companies measure the return on investment of generative AI tools in engineering. Founded by CEO Liad Elidan and Professor Stephen Barrett, the platform connects AI usage with engineering metrics like code quality and feature delivery speed, giving managers actionable insights into productivity and potential code issues. With customers including Kayak, Monday, and Sapiens, Milestone leverages codebases, project management platforms, team structures, and codegen tools to create a “genAI data lake” that answers the “holy grail” question of AI ROI, while maintaining a strict enterprise focus. The round also saw participation from Atlassian Ventures and prominent angels such as GitHub cofounder Tom Preston-Werner. FOUNDERS: Liad Elidan & Stephen Barrett INVESTORS: Heavybit, Hanaco Ventures, Atlassian Ventures, Tom Preston-Werner, John Donovan, Paul Daugherty & Amit Agrawal ROUND: Seed AMOUNT: $10,000,000 HQ: #Israel #VentureCapital #Milestone #LiadElidan #StephenBarrett #Heavybit #HanacoVentures #AtlassianVentures #TomPrestonWerner #JohnDonovan #PaulDaugherty #AmitAgrawal #TradedVC

Park Rangers Capital Closes First Fund At $4.3 Million From 130 LPsPark Rangers Capital, founded by Erica Wenger in 2023, has closed its first fund at $4.3 million after raising from 130 LPs. The firm, guided by Wenger’s “elephants, not unicorns” philosophy that prioritizes resilient, long-term businesses over flashy billion-dollar valuations, has already made early investments in companies like Superpower, Clay, and Beehiiv. Wenger emphasizes the role of VCs as humble stewards supporting founders, and her approach combines strong brand-building, content, and conviction with thoughtful capital deployment, writing initial checks between $100,000 and $200,000. FOUNDER: Erica Wenger AMOUNT: $4,300,000 #VentureCapital #ParkRangersCapital #EricaWenger #TradedVC

Tavus Raises $40 Million In Series B Funding Led By CRV To Enhance Human ComputingSan Francisco–based Tavus raised $40 million in Series B funding led by CRV, with participation from Scale Venture Partners, Sequoia Capital, Y Combinator, HubSpot Ventures, and Flex Capital, to advance what it calls “human computing.” Led by CEO Hassaan Raza, the company unveiled PALs (Personal Affective Links) — emotionally intelligent AI humans that can see, hear, and communicate via text, voice, and face-to-face video while understanding emotion and context. Powered by Tavus’s proprietary models — Phoenix-4, Sparrow-1, and Raven-1 — PALs are designed to move beyond traditional chatbots, offering human-like perception and autonomous capabilities that enable more natural, emotionally aware interaction between people and machines. FOUNDER: Hassaan Raza INVESTORS: CRV, Scale Venture Partners, Sequoia Capital, Y Combinator, HubSpot Ventures & Flex Capital ROUND: Series B AMOUNT: $40,000,000 HQ: #SanFrancisco #California #VentureCapital #Tavus #HassaanRaza #CRV #ScaleVenturePartners #SequoiaCapital #YCombinator #HubSpotVentures #FlexCapital #TradedVC

Parallel Web Systems Secures $100 Million In Series A Funding Led By Kleiner Perkins And Index VenturesParallel Web Systems raised $100 million in Series A funding led by Kleiner Perkins and Index Ventures, with participation from Spark Capital, and existing investors Khosla Ventures, First Round Capital, and Terrain. The company said the fresh capital will fuel its mission to keep the web “open, transparent, and competitive” by building infrastructure that enables AI agents, applications, and systems to access and reason with web data. FOUNDER: Parag Agrawal INVESTORS: Kleiner Perkins, Index Ventures, Spark Capital, Khosla Ventures, First Round Capital & Terrain AMOUNT: $100,000,000 HQ: #PaloAlto #California #VentureCapital #ParagAgrawal #ParallelWebSystems #KleinerPerkins #IndexVentures #SparkCapital #KhoslaVentures #FirstRoundCapital #Terrain #TradedVC

Harbinger Raises $160 Million In Series C Round Led By FedEx And THOR IndustriesHarbinger, the Los Angeles-based electric truck startup founded in 2022 by former employees of Canoo and QuantumScape, has raised $160 million in a Series C round co-led by FedEx and THOR Industries, with participation from the Technology Impact Fund at Capricorn and previous investors including Tiger Global, Leitmotif, Maniv Mobility, and Schematic Ventures. The funding will support the scale-up of Harbinger’s commercial truck chassis program, with FedEx placing an order for 53 trucks to be delivered by year-end. Focused on medium-duty trucks, Harbinger has sold over 200 chassis this year alone and is expanding into the Canadian market, positioning itself as a key player in the growing electric commercial vehicle sector. FOUNDER: John Harris INVESTORS: FedEx, THOR Industries, Technology Impact Fund, Tiger Global, Leitmotif, Maniv Mobility & Schematic Ventures ROUND: Series C AMOUNT: $160,000,000 HQ: #LosAngeles #California #VentureCapital #Harbinger #JohnHarris #FedEx #THORIndustries #TechnologyImpactFund #TigerGlobal #Leitmotif #ManivMobility #SchematicVentures #TradedVC

TKO Group Holdings Partners With Polymarket To Integrate Real-Time Prediction MarketsTKO Group Holdings — the parent company of UFC and Zuffa Boxing — has signed a multiyear partnership with Polymarket to integrate real-time prediction markets into live combat sports events. The deal, announced by TKO Executive Chair and CEO Ariel Emanuel, makes UFC and Zuffa Boxing the first sports organizations to incorporate prediction market technology into live broadcasts. Under the partnership, Polymarket, led by CEO Shayne Coplan, will deliver real-time data visualizations of fan sentiment and fight momentum, enhancing engagement alongside traditional sports betting. The integration is set to debut in 2026, coinciding with the exclusive U.S. streaming of all UFC and Zuffa Boxing events on Paramount+. PARTNERS: TKO Group Holdings, Polymarket HQ: #NewYork #NY #NewYorkCity #NYC #VentureCapital #TKOGroupHoldings #UFC #ZuffaBoxing #TradedVC

Kalshi Partners With Coinbase For Strategic Custody Of USDC In Event-Based ContractsKalshi, a New York–based prediction-market startup, announced a new partnership with Coinbase to custody USDC for its event-based contracts, with Coinbase Custody serving as the lead institutional partner. Co-founded by CEO Tarek Mansour and Luana Lopes Lara, Kalshi is building a regulated exchange that lets people trade on real-world outcomes with confidence and transparency. The partnership strengthens Kalshi’s market infrastructure and enhances security for users as the platform scales. PARTNERS: Coinbase, Kalshi TYPE: Strategic Partnership HQ: #NewYork #NY #VentureCapital #Kalshi #TarekMansour #Coinbase #USDC #TradedVC

WisdomAI Secures $50 Million In Series A Funding Led By Kleiner Perkins And NVenturesWisdomAI, an AI data analytics startup founded by Rubrik co-founder Soham Mazumdar, has raised $50 million in Series A funding led by Kleiner Perkins with participation from NVentures, Nvidia’s venture capital arm. The new round comes just six months after its $23 million seed round led by Coatue. WisdomAI’s platform lets business users query messy or unstructured data using natural language, while avoiding AI hallucinations by using LLMs only to generate database queries—not answers. Since launching in late 2024, the company has grown from two to around 40 enterprise customers, including Cisco, ConocoPhillips, Patreon, and Descope. FOUNDER: Soham Mazumdar INVESTORS: Kleiner Perkins & NVentures ROUND: Series A AMOUNT: $50,000,000 HQ: #SanMateo #California #VentureCapital #WisdomAI #KleinerPerkins #NVentures #SohamMazumdar #TradedVC

Estate Media Closes $2.7 Million Seed Round Led By Investors Including Justin MateenEstate Media, the real estate entertainment and media platform co-founded by “Million Dollar Listing Los Angeles” star Josh Flagg, Griff O’Brien, and Andrew Shanfeld, closed a $1 million seed round, bringing its total funding to $2.7 million. The round attracted high-profile investors including Tinder co-founder Justin Mateen, his brother Tyler Mateen, Mikey Heyward of Media Lab, and industry peers such as Tracy Tutor and Hudson Advisory. Co-founder and CEO Griff O’Brien said the company turned profitable this quarter, with revenue expected to reach eight figures next year, building on $6 million generated since inception. Estate Media plans to expand globally via a partnership with Arrow Global and has also struck a content deal with HousingWire, while continuing to grow its social accelerator program for real estate agents. FOUNDERS: Josh Flagg, Griff O’Brien & Andrew Shanfeld INVESTORS: Justin Mateen, Tyler Mateen, Mikey Heyward, Tracy Tutor, Chad Carroll, Hudson Advisory, George Laughton, Melinda Witmer, Samir Mezrahi, Adam Weitsman, Powerhouse Capital, Connor Flannery ROUND: Seed AMOUNT: $2,700,000 HQ: #Beverly Hills #California #VentureCapital #EstateMedia #JoshFlagg #GriffOBrien #AndrewShanfeld #JustinMateen #TylerMateen #MikeyHeyward #TracyTutor #ChadCarroll #HudsonAdvisory #GeorgeLaughton #AdamWeitsman #TradedPartner #PowershouseCapital #TradedVC

J2 Ventures Closes $250 Million Brookhaven Fund With Investors Including JP Morgan And MetLifeJ2 Ventures has closed its oversubscribed $250 million Brookhaven Fund, aimed at scaling dual-use technologies for both commercial markets and U.S. national security. The Boston-based venture capital firm, co-founded by Alex Harstrick and Jonathan Bronson, secured commitments from investors including JP Morgan, MetLife, Upsher Management, Alpha Leonis Partners, and the State Investment Council of New Mexico. Brookhaven will back early-stage companies in advanced computing, AI, cybersecurity, communications infrastructure, and healthcare, building on J2’s strategy of pairing commercial potential with government adoption. This marks J2’s third consecutive oversubscribed fund, reinforcing its role in accelerating technologies that strengthen national security while driving broad societal and economic impact. FOUNDERS: Alex Harstrick & Jonathan Bronson INVESTORS: JP Morgan, MetLife, Upsher Management, Alpha Leonis Partners & State Investment Council of New Mexico AMOUNT: $250,000,000 HQ: #Boston #Massachusetts #VentureCapital #J2Ventures #AlexHarstrick #JonathanBronson #JPMorgan #MetLife #UpsherManagement #AlphaLeonisPartners #StateInvestmentCouncilofNewMexico #TradedVC

Cursor Raises $2.3 Billion From Investors Accel Coatue Nvidia Google Thrive CapitalAI coding assistant startup Cursor has raised $2.3 billion in new funding, valuing the company at $29.3 billion—more than double its $9.9 billion valuation from June’s $900 million Series C. The round was co-led by Accel and Coatue, with participation from strategic investors Nvidia and Google, alongside existing backer Thrive Capital. Co-founder and CEO Michael Truell said the funds will support further development of Composer, Cursor’s recently released AI model designed to reduce the company’s reliance on outside models from Google, OpenAI, and Anthropic. FOUNDER: Michael Truell INVESTORS: Accel, Coatue, Nvidia, Google & Thrive Capital AMOUNT: $2,300,000,000 VALUATION: $29,300,000,000 HQ: #SanFrancisco #California #VentureCapital #Cursor #Accel #Coatue #Nvidia #Google #ThriveCapital #MichaelTruell #TradedVC

Cursor Raises $2.3 Billion Led By Accel And Coatue Valuing Company At $29.3 BillionAI coding assistant startup Cursor has raised $2.3 billion in new funding, valuing the company at $29.3 billion—more than double its $9.9 billion valuation from June’s $900 million Series C. The round was co-led by Accel and Coatue, with participation from strategic investors Nvidia and Google, alongside existing backer Thrive Capital. Co-founder and CEO Michael Truell said the funds will support further development of Composer, Cursor’s recently released AI model designed to reduce the company’s reliance on outside models from Google, OpenAI, and Anthropic. FOUNDER: Michael Truell INVESTORS: Accel, Coatue, Nvidia, Google & Thrive Capital AMOUNT: $2,300,000,000 VALUATION: $9,900,000,000 HQ: #SanFrancisco #California #VentureCapital #Cursor #Accel #Coatue #Nvidia #Google #ThriveCapital #MichaelTruell #TradedVC

GC AI Secures $60 Million In Series B Funding Led By Scale Venture Partners And NorthzoneGC AI, a San Francisco-based AI workspace for in-house legal teams founded by Cecilia Ziniti and Bardia Pourvakil, has raised $60M in a Series B round led by Scale Venture Partners and Northzone, with participation from Sound Ventures, Aglaé Ventures, SilverCircle Partners, News Corp, The Council, and strategic investors including Guillermo Rauch, CEO of Vercel. The company plans to use the funding to accelerate product development, expand enterprise capabilities, and enhance integrations and high-precision document work. Serving over 1,000 legal teams, including 50+ public companies and 25 unicorns, GC AI combines legal expertise with engineering to turn legal operations into a competitive advantage. The round values the company at $555M, bringing total funding to $73M. FOUNDERS: Cecilia Ziniti & Bardia Pourvakil INVESTORS: Scale Venture Partners, Northzone, Sound Ventures, Aglaé Ventures, SilverCircle Partners, News Corp & Guillermo Rauch ROUND: Series B AMOUNT: $60,000,000 HQ: #SanFrancisco #California #VentureCapital #GCAI #CeciliaZiniti #BardiaPourvakil #ScaleVenturePartners #Northzone #SoundVentures #AglaéVentures #SilverCirclePartners #NewsCorp #GuillermoRauch #TradedVC

Sweet Security Raises $75 Million In Series B Funding Led By Evolution Equity PartnersSweet Security, a Tel Aviv-based provider of Runtime CNAPP and AI security solutions, has raised $75 million in Series B funding, bringing its total funding to $120 million. The round was led by Evolution Equity Partners, with participation from Munich Re Ventures, Glilot Capital Partners, and Key1 Capital. Founded by Dror Kashti (CEO), Eyal Fisher (CPO), and Orel Ben Ishay (VP R&D), Sweet Security plans to use the funds to accelerate global expansion and product innovation. The company’s platform combines runtime context with AI-driven intelligence to deliver real-time detection and response, vulnerability and posture management, identity threat protection, and API security. The raise comes after a year of rapid growth, including a sixfold increase in ARR and a tenfold increase in enterprise customers, including multiple Fortune 1000 companies. FOUNDERS: Dror Kashti, Eyal Fisher & Orel Ben Ishay INVESTORS: Evolution Equity Partners, Munich Re Ventures, Glilot Capital Partners & Key1 Capital ROUND: Series B AMOUNT: $75,000,000 HQ: #TelAviv #Israel #VentureCapital #SweetSecurity #DrorKashti #EyalFisher #OrelBenIshay #EvolutionEquityPartners #MunichReVentures #GlilotCapitalPartners #Key1Capital #TradedVC

Vend Park Secures $17.5 Million In Series A Funding Led By Blue Heron CapitalVend Park, a Boston-based parking operations platform, raised $17.5 million in Series A funding led by Blue Heron Capital, with participation from Nuveen’s Real Asset Ventures, Communitas Capital, John McMahon, and follow-on investments from Derive Ventures, Floating Point Capital, PagsGroup, Crossbeam, and others. Led by CEO Michael Miele, Vend Park combines AI technology with an operations team to help commercial real estate owners manage and monetize parking across office towers, mixed-use properties, healthcare facilities, hotels, university campuses, event venues, and airports. The company plans to use the new funding to accelerate expansion into major U.S. markets, advance its AI-powered product roadmap, and grow its teams in sales, engineering, and customer success, serving clients including Nuveen, Jamestown, Federal Realty, and Harwood International. FOUNDER: Michael Miele INVESTORS: Blue Heron Capital, Nuveen’s Real Asset Ventures, Communitas Capital, John McMahon, Derive Ventures, Floating Point Capital, PagsGroup & Crossbeam ROUND: Series A AMOUNT: $17,500,000 HQ: #Boston #Massachusetts #VentureCapital #VendPark #MichaelMiele #BlueHeronCapital #NuveenRealAssetVentures #CommunitasCapital #JohnMcMahon #DeriveVentures #FloatingPointCapital #PagsGroup #Crossbeam #TradedVC

Anthropic Invests $50 Billion In AI Infrastructure With Fluidstack Creating 800 JobsAnthropic is investing $50 billion in American AI infrastructure, building custom data centers with Fluidstack in Texas and New York, with more sites planned throughout 2026. The project aims to create around 800 permanent jobs and 2,400 construction jobs, supporting continued frontier AI research and development. CEO and co-founder Dario Amodei said the facilities will help build more capable AI systems, accelerate scientific discovery, and create American jobs. The investment also aligns with the Trump administration’s AI Action Plan to strengthen U.S. technology leadership, while meeting growing demand for Anthropic’s Claude AI, which serves over 300,000 business customers. FOUNDER: Dario Amodei AMOUNT: $50,000,000 HQ: #San Francisco #California #VentureCapital #Anthropic #DarioAmodei #Fluidstack #TradedVC

BoomPop Raises $25 Million From Investors Including Wing VC And Alex RodriguezBoomPop, a San Francisco-based AI-powered event planning platform co-founded by CEO Healey Cypher and Chief Product & Design Officer Blake Hudelson, raised $25 million in equity funding led by Wing VC, alongside $16 million in debt and credit from Silicon Valley Bank. The round saw participation from Atomic, Acme Capital, Four Rivers Group, Thayer Investment Partners, Fund of Operators Guild, and Gaingels, as well as individual investors like Alex Rodriguez and former DoorDash President Christopher Payne. Founded in 2020 and rebranded in 2023, BoomPop helps companies like Netflix, Google, and Dropbox plan corporate offsites and events through an AI system that automates vendor booking, logistics, and execution—bringing its total funding to nearly $56 million. FOUNDERS: Healey Cypher & Blake Hudelson INVESTORS: Wing VC, Atomic, Acme Capital, Four Rivers Group, Thayer Investment Partners, Gaingels, Alex Rodriguez & Christopher Payne AMOUNT: $25,000,000 HQ: #SanFrancisco #California #VentureCapital #BoomPop #HealeyCypher #BlakeHudelson #WingVC #Atomic #AcmeCapital #FourRiversGroup #ThayerInvestmentPartners #Gaingels #AlexRodriguez #ChristopherPayne #TradedVC

Teradar Secures $150 Million Series B Funding From Capricorn Investment Group And Lockheed MartinBoston-based startup Teradar, led by co-founder and CEO Matt Carey, has raised $150 million in a Series B funding round to advance its solid-state terahertz sensor, which combines radar’s ability to see through rain and fog with lidar’s high-definition imaging. The sensor, which Carey has demonstrated at events like CES, offers long-range, high-resolution sensing at a scale and price point that’s unprecedented, drawing investment from firms including Capricorn Investment Group, Lockheed Martin’s venture arm, Ibex Investors, and VXI Capital. FOUNDER: Matt Carey INVESTORS: Capricorn Investment Group, Lockheed Martin, Ibex Investors & VXI Capital ROUND: Series B AMOUNT: $150,000,000 HQ: #Boston #Massachusetts #VentureCapital #Teradar #MattCarey #CapricornInvestmentGroup #LockheedMartin #IbexInvestors #VXICapital #TradedVC

Forterra Raises $238 Million From Investors Including Moore Strategic Ventures At $1 Billion ValuationForterra, a Maryland-based startup developing autonomous military vehicles, has raised $238 million in a funding round led by Moore Strategic Ventures, lifting its valuation above $1 billion. The company’s vehicles can operate individually or in coordinated “swarms” for missions such as surveillance, missile transport, and AI support, with hundreds already deployed in active operations. Chief Executive Officer Josh Araujo described the vehicles as a “Swiss army knife” of military autonomy, and said the new funds will be used to double production to 1,000 systems next year while expanding mission capabilities. Other participants in the round included Franklin Templeton, Salesforce Ventures, Balyasny Asset Management, and existing in FOUNDER: Alberto Lacaze INVESTORS: Moore Strategic Ventures, Franklin Templeton, Salesforce Ventures, Balyasny Asset Management L.P., 645 Ventures, Hanwha Asset Management, 9Yards Capital, NightDragon, XYZ Venture Capital, Hedosophia, Enlightenment Capital & Crescent Cove Advisors LP AMOUNT: $238,000,000 VALUATION: $1,000,000,000 HQ: #Clarksburg #Maryland #VentureCapital #Forterra #AlbertoLacaze #MooreStrategicVentures #FranklinTempleton #SalesforceVentures #BalyasnyAssetManagement #645Ventures #HanwhaAssetManagement #9YardsCapital #NightDragon #XYZVentureCapital #Hedosophia #EnlightenmentCapital #CrescentCoveAdvisorsLP #TradedVC

Subscribe to get the most important vc news and trends.