18 Silicon Valley Startups Raised $1.02B Last Week
Factory Raised $150M Series C led by Khosla Ventures
Happy Monday!
Factory.ai
This software development for enterprise agents raised $150M Series C last week and I love this WSJ story 👉 Three years ago, founder and CEO Matan Grinberg cold-emailed Shaun Maguire at Sequoia with a startup idea. Given their shared background in physics, they quickly bonded over mutual academic interests during their initial meeting.
By the end of that discussion, Maguire challenged Grinberg to drop out of Berkeley to pursue the company full-time. Grinberg accepted the dare, and after informing Maguire of his decision, he was invited to Sequoia’s offices. Sequoia subsequently became a seed investor in the startup, and Maguire joined the board of directors.
Glydways
This builder of autonomous vehicle mass transit networks raised $170M Series C last week and essentially building dedicated bike lanes for autonomous vehicles — targets deployments in San Jose, Atlanta Airport, and Contra Costa.
Their systems are designed to move up to 10,000 people per hour per two-meter-wide lane, while reportedly reducing infrastructure costs by up to 90% compared to rail and operating profitably at standard public transit fares. These self-driving electric vehicles have a capacity of 4 to 6 passengers and can operate at a speed of 50 km/h.
Given the current landscape, do you believe this model can be successfully implemented in the U.S.?
Last week a total of 18 startups raised $1.02B in funding, 3 exits:
$331 goes to 7 Enterprise startups
$130M goes to 2 FinTech startups
$9.3M goes to 1 Healthcare startup
$153M goes to 3 BioTech startups
$38M goes to 1 Robotics startup
$95M goes to 1 Logistics startup
$170M goes to 1 Transportation startup
$95M goes to 2 Semiconductor startups
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Edith
X, LinkedIn
Funding (300 miles radius from Silicon Valley)
Enterprise
Factory (software development agents for enterprise) raised $150M Series C led by Khosla Ventures
Expo (AI agent for mobile app development) raised $45M Series B led by Georgian
Mintlify (knowledge infrastructure for AI) raised $45M Series B led by Andreessen Horowitz, Salesforce Ventures
Resolve AI (AI software production operation for engineering teams) raised $40M Series A led by DST Global, Salesforce Ventures
Parasail (AI deployment network) raised $32M Series A led by Kindred Ventures, Touring Capital
Phonely (AI voice platform) raised $16M Series A led by Base10 Partners
Modern Relay (context graph for enterprise AI) raised $3M Seed
FinTech
Slash (business banking platform) raised $100M Series C led by Ribbit Capital, Goodwater Capital, Khosla Ventures
MerQube (indexing and rules-based investing technology) raised $30M Series C led by 7RIDGE
Healthcare
Ultralight (AI operating system for medical practices) raised $9.3M Seed led by The General Partnership
BioTech
Terremoto Biosciences (small molecule therapies in oncology and genetic diseases) raised $108M Series C led by BeOne Medicines, Deep Track Capital, Osage University Partners, RA Capital Management
Spiral Therapeutics (therapies for inner ear disorders) raised $27M Series B led by Gund Investment
Sonire Therapeutics (pancreatic cancer therapy) raised $18M Series A led by Sante Ventures
Robotics
Ulysses Ecosystem Engineering (maritime robotics) raised $38M Series A led by Andreessen Horowitz
Logistics
Loop (AI platform for logistics and supply chain) raised $95M Series C led by Valor Atreides AI Fund, Valor Equity Partners
Transportation
Glydways (autonomous vehicle mass transit networks) raised $170M Series C led by Suzuki Motor, ACS Group, Khosla Ventures,
Semiconductor
nEYE (optical interconnects for AI data centers) raised $80M Series C led by Sutter Hill Ventures
HYFIX Spatial Intelligence (autonomous systems chips for drones and robotics) raised $15M Seed led by Craft Ventures
IPO & M&A (300 miles radius from Silicon Valley) Â