Fireworks AI tops a $3.4B week for large U.S. startup rounds
Crunchbase tracked ten large U.S. startup financings from July 11-17, with AI companies taking several of the biggest checks.
By Ingrid Halvorsen · Venture Capital Reporter
· 3 min read
U.S. startups announced more than $3.4 billion across the week’s ten largest funding rounds from July 11-17, according to Crunchbase, led by Fireworks AI’s $1.505 billion Series D at a $17.5 billion valuation. The list shows capital still clustering around AI infrastructure, AI drug discovery and AI-adjacent enterprise software, though food delivery, drones, robotics, defense tech and fintech also drew large checks.
Fireworks AI, based in San Mateo, raised the largest round. Crunchbase said Atreides Management, Index Ventures and TCV led the financing for the enterprise AI tools company, which develops technology for businesses to adapt general-purpose models using their own data. The company did not disclose revenue, customers or headcount in the funding summary.
Wonder took the second-largest slot with a $650 million Series D at a $9 billion pre-money valuation. The New York company operates kitchens and meal delivery services and has 140 locations, according to Crunchbase. The funding will be used in part to expand operations, though the company did not disclose unit economics or revenue in the round details.
Chai Discovery followed with a $400 million Series C at a $3.8 billion valuation. Index Ventures led the round for the AI drug discovery startup, with Sequoia Capital, Dimension, Kleiner Perkins and others also participating, according to Crunchbase.
Robotics also produced one of the week’s largest financings. Walden Robotics, a Cambridge, Massachusetts startup building general-purpose robots for manufacturing and logistics work, came out of stealth with $300 million in funding. Toyota and Deviation Capital led the round, which valued the company at $1.1 billion.
Brinc, a Seattle company developing drones for public safety and emergency response, raised $125 million. Motorola Solutions led the financing, with participation from Index Ventures and Figma founder and CEO Dylan Field.
Other large U.S. rounds
TerraFirma, based in Austin, raised $100 million for AI-enabled software and autonomous robotics technology aimed at construction. Crunchbase said the round brought the company’s total funding to $115 million.
Spectro Cloud, a San Jose provider of AI infrastructure management software, said it raised more than $100 million in a Series D led by Goldman Sachs Alternatives. The company has now raised $260 million in total capital, according to Crunchbase.
Singularity, a Los Angeles air defense technology startup, emerged from stealth with an $80 million Series A. Khosla Ventures and Felicis led the round, which valued the company at $400 million.
Flex, a San Francisco fintech company offering a private banking platform for high-net-worth business owners, raised $70 million in a Series B1 led by Halo Fund. The financing followed a $60 million Series B in December.
State Affairs, an AI platform for policy and regulation, raised $70 million in a Series A led by Khosla Ventures and Founders Fund.
Crunchbase said the ranking covers the largest announced rounds in its database for U.S.-based companies during the July 11-17 period. It noted that some rounds can appear later because announcements near the end of the week may be reported with a lag.
This story draws on original reporting from Crunchbase News.
