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The new round is bigger than the $6 billion round Elon Musk ’s generativeAI startup, xAI , officially announced in May, which up to this point was the largest round raised this year. Pacific Fusion , $900M, energy: Another huge AI-related round. Well, Crusoe has now turned its energy to AI — literally.
Wonder ’s big $700 million raise may have captured most people’s attention last month, but the story when it came for large deals was really biotech. Mirador Therapeutics , $400M, biotech: It was a huge month for big biotech raises and this was the biggest. Check out the biggest rounds of last month here.
Metsera , $290M, biotech: This week was a slower week than normal for biotech — as it was for most sectors — but that didn’t stop New York-based Metsera. Rivos , $250M, semiconductor: Semiconductor startups are seeing big money, in part thanks to the explosion in generativeAI.
April also saw a half-dozen rounds of a quarter-billion dollars or more, including a $1 billion round for an AI-enhanced biotech. Xaira Therapeutics , $1B, biotech: The biggest round in April was really big. The company develops power-optimized chips targeting the data analytics and generativeAI markets.
Energy and datacenters seem to be on everyone’s mind right now — and this week’s list bears that out. Lightmatter , $400M, datacenters: Lightmatter, a startup that uses light to link chips together and to do calculations for the deep learning necessary for AI, locked up a $400 million Series D led by new investor T.
While there were no huge rounds like last week, money was again spread around from AI to biotech to marketing and more. Celestial AI , $175M, semiconductors: Optical interconnectivity startup Celestial AI raised a massive $175 million Series C led by Thomas Tull ’s US Innovative Technology Fund.
As part of the deal, Anthropic will now use Amazon Web Services datacenters, as well as AWS Trainium and Inferentia chips to build, train and deploy its models. Founded in 2021, the generativeAI platform is a competitor to other AI firms such as OpenAI and Google. The immediate investment is $1.25
For Boston, it was Liquid AI , a generativeAI startup that closed on a $250 million December Series A. In Denver, meanwhile, the largest round by a long shot was a $600 million October Series D for Crusoe Energy Systems , a developer of AI-optimized datacenters.
Early stage Activity in Q1 was pretty robust at early stage, boosted by big rounds for companies focused on biotech, artificial intelligence and climate tech. Santa Clara, California-based Astera, a developer of datacenter connectivity technology with use cases in generativeAI, made its splashy debut first on March 20.
Liquid AI , $250M, artificial intelligence: What would a week be without a big generativeAI raise? Liquid AI locked up a whopping $250 million round led by AMD at a $2.3 The startup uses AI to help with credit underwriting with the technology providing more sophisticated and accurate scoring methods.
One likely reason: generativeAI. Quantum computing very likely could help out with the massive computing needs and energy consumption holding back AI. Just as datacenters have seen billions of dollars in investments to help with the problem, so could quantum computing.
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