This week's top funding rounds featured a robust lineup of large deals led by manufacturing startup Re: Build's $2.1 billion raise and predictions marketplace Kalshi's $1 billion Series G. Other significant deals included construction tech, biotech, battery technology, and enterprise AI. Re: Build, a 6-year-old Framingham, Massachusetts company, secured $2.1 billion with General Catalyst and JPMorgan Chase.
Kalshi, based in New York, closed a $1 billion round setting a $40 billion post-money valuation, with annualized trading volume exceeding $1 trillion. Bedrock Robotics, a San Francisco developer of autonomous construction systems, raised $600 million in Series C, bringing total funding near $1 billion and valuing the company at $4.1 billion. Dren Bio, a San Carlos, California biotech developer of antibody therapeutics, closed $350 million for advanced cancer and autoimmune disease trials.
Group 14 Technologies, a Woodinville, Washington battery materials manufacturer, picked up $169 million in Series D and announced European expansion to Sagunto, Spain. Firehawk Aerospace and Serval each secured $150 million rounds, the former in defense tech at a $1.4 billion valuation and the latter in enterprise AI at a $3 billion valuation. General Compute, Foundry Robotics, and Hex Technologies each raised $100 million, focusing on AI infrastructure, autonomous factories, and data analytics respectively.
Source: Crunchbase News · Summarized by HeadlinesBriefing