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The Week’s Biggest Funding Rounds: Scale AI Tops Busy Week For AI Investment

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

It was another big week for AI-related funding, topped off by ’s massive new investment from . We also saw big rounds for startups in sectors including cybersecurity, networking, enterprise software and robotics, among other areas.

1. , $14.3B, gen AI: San Francisco-based Scale AI, a provider of training data and model evaluation for AI applications, Thursday that it raised a new investment, reportedly totaling , from at a valuation of $29 billion. The agreement will also expand Scale and Meta’s commercial relationship, with Scale’s founder, , joining Meta to work on its AI efforts.

2. , $540M, cybersecurity: Data security platform that it raised $540 million in a Series E round with backers including , and . The round brings total funding for the New York- and Israel-headquartered company to $1.3 billion, .

3. , $170M, networking: San Francisco-based networking infrastructure provider Meter that it raised $170 million in a financing led by . Meter was founded in 2015 and has raised $255 million to date, .

4. , $150M, AI work assistant: Enterprise AI startup Glean that it has raised $150 million in a Series F round led by at a $7.2 billion valuation. The latest fundraise took place just nine months after Palo Alto, California-based Glean announced a $260 million Series E that doubled the company’s valuation to $4.6 billion.

5. , $125M, robotics: Pittsburgh-based Gecko Robotics, an AI and robotics startup developing a platform for building and operating infrastructure for defense, energy and manufacturing sectors, that it raised a Series D round at $1.25 billion valuation. The round reportedly totaled $125 million, with as lead investor.

6. (tied) , $100M, geothermal energy: Houston-based Fervo Energy, a developer of geothermal energy projects, that it raised $100 million in equity financing from ’ platform. The company also picked up $106 million in debt financing from and for a major geothermal project in Utah.

6. (tied) , $100M, timesheet management: Laurel, provider of an AI-enabled platform for tracking time spent by knowledge workers, raised $100 million in a Series C led by . Founded in 2016, San Francisco-based Laurel has raised $156 million to date, .

8. , $82M, software development tools: San Francisco-based Linear, a provider of project planning tools for software development, that it raised $82 million in Series C financing led by . The financing sets a $1.25 billion valuation for the 6-year-old company.

9. (tied) , $80M, sleep apnea treatment: Mosanna Therapeutics, a startup based in Silicon Valley and Basel, Switzerland that is developing a nasal spray for obstructive sleep apnea, raised $80 million in initial funding led by and .

9. (tied) , $80M, delivery robots: Santa Monica, California-based Coco Robotics, a startup operating a fleet of small, self-driving delivery vehicles, raised $80 million in a funding round that includes , , and . Coco said it plans to deploy 10,000 autonomous delivery vehicles by the end of 2026.

9. (tied) , $80M, hospitality software: San Francisco-based Canary Technologies, a provider of hotel guest management software, raised $80 million in a Series D round led by . The financing brings funding to date for the 8-year-old company to $177 million, .

Methodology

We tracked the largest announced rounds in the ½ûÂþÌìÌà database that were raised by U.S.-based companies for the seven-day period of June 7-13. 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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