SA国际传媒

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This is a weekly feature that runs down the week鈥檚 top 10 announced funding rounds in the U.S. Check out last week鈥檚 biggest funding rounds here.

Biotech and AI had another strong week, as the sectors saw two big nine-figure rounds each 鈥� including one for $370 million in biotech. However, there wasn鈥檛 much else that was big. That continues a trend we have seen since before Labor Day.

1. , $370M, biotech: Every week there鈥檚 a big biotech raise 鈥� and this week there鈥檚 one that鈥檚 really big. San Diego-based Candid Therapeutics launched with a $370 million capital raise co-led by , , and. Candid is developing T-cell engager antibodies to treat inflammatory diseases.

2. , $260M, artificial intelligence: Less than seven months after raising a more than $200 million Series D at a $2.2 billion valuation, the AI-enhanced work assistant and enterprise search startup raised more than $260 million in a Series E funding at a $4.6 billion valuation co-led by and . The Palo Alto, California-based startup hit unicorn status in May 2023 after raising a $100 million Series C led by . Founded by former engineers, Glean鈥檚 generative AI search tool connects with enterprise companies鈥� applications and databases, and its AI assistant and platform lets users build their own AI apps. Founded in 2019, Glean says it has raised $620 million.

3. , $230M, artificial intelligence: Spatial intelligence AI startup launched this week with more than $230 million in total funding. The funding was co-led by , and . Other investors include and , the venture capital arm of . It was reported just last month that the Stanford, California-based company had raised a pair of financing rounds two months apart, and that the latest valued the company at over $1 billion. World Labs is co-founded by artificial intelligence pioneer , commonly referred to as the 鈥済odmother of AI.鈥� She previously led AI at and is a co-director of the . She has spent much of her time trying to solve the issues surrounding building Large World Models for AI that can perceive and interact with the 3D world.

4. , $120M, biotech: Companies at the intersection of AI and biotech continue to raise massive rounds. Boston-based Superluminal Medicines, an AI-focused biotech startup, closed a $120 million Series A led by . The company鈥檚 platform creates candidate-ready compounds by utilizing a 鈥渃ombination of human understanding, generative biology, chemistry, machine learning and proprietary big data infrastructure.鈥� Founded in 2022, the company has raised $153 million, e.

5. , $75M, autonomous vehicles: Clarksburg, Maryland-based self-driving technology company Forterra closed a $75 million Series B led by , and . The company focuses on autonomous systems for both the defense and industrial industries. This is the company鈥檚 first round with a disclosed amount, .

6. , $70M, defense: Wilmington, Delaware-based defense tech startup Second Front Systems closed a $70 million Series C led by 听1. Founded in 2014, the company has raised approximately $152 million, .

7. , $57M, biotech: Inflammatix, a molecular diagnostics company, locked up a $57 million Series E led by and . Founded in 2016, Sunnyvale, California-based Inflammatix has raised more than $200 million, per the company.

8. , $55M, productivity tools: Strider Technologies, a provider of strategic intelligence, closed $55 million in Series C funding. With this funding, Salt Lake City-based Strider will continue advancing its AI-driven capabilities into its integrated global intelligence platform, expand operations to new geographies in Europe and Asia, and more aggressively address the public sector market. Founded in 2019, Strider has raised $112 million, .

9. , $53M, medical device: CSA Medical, a medical device company for the treatment of chronic bronchitis, raised a $53 million Series D co-led by and . Founded in 1993, Boston-based CSA has raised $159 million, .

10. (tied) , $50M, fintech: Miami-based finally, a startup automating accounting and financial processes, raised a $50 million Series B from and a $150 million credit facility from . Founded in 2018, finally says it has raised $305 million.

10. (tied) , $50M, healthcare: Bedford, Massachusetts-based SpectraWave, a medical imaging company, locked up a $50 million Series B led by . Founded in 2017, the company has raised nearly $80 million, .

10. (tied) , $50M, music: Philadelphia-based decentralized music streaming platform Tune.FM received $50 million in capital from . Founded in 2011, Tune.FM has raised $80 million, per the company.

Big global deals

The biggest deal outside the U.S. came from Belgium 鈥� which may be a first for this column.

• Biotech firm , which produces a therapy for personalized cancer treatment and radiopharmaceuticals, raised a Series A worth approximately $103 million.

Methodology

We tracked the largest announced rounds in the SA国际传媒 database that were raised by U.S.-based companies for the seven-day period of Sept. 7 to Sept. 13. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

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