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AI, Defense Dominate $15B+ VC Funding Week

Crunchbase News •
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OpenAI secured another $10 billion in additional financing, bringing its total raise to over $120 billion, while San Diego-based defense tech unicorn Shield AI raised $2 billion at a $12.7 billion valuation. These two deals dominated the week's top funding rounds, highlighting continued investor appetite for AI and defense technologies despite market volatility.

The funding diversity extended across multiple sectors, with Cambridge Mobile Telematics raising $350 million for transportation safety AI, while legal tech startup Harvey closed $200 million at an $11 billion valuation. Even the laundry industry attracted significant investment, with Cents securing $140 million in what it called "the largest single software investment in the laundry vertical to date."

The week's funding activity demonstrated venture capital's selective focus on high-growth sectors with clear monetization paths, while showing reduced enthusiasm for speculative bets. The concentration of capital in AI, defense, and enterprise software suggests investors are prioritizing companies with established business models over those still searching for product-market fit.