It’s Friday, November 14, 2025, and we’re back with the top startup and tech funding news stories spanning the U.S. and global markets. From multi-billion-dollar AI coding platforms to nuclear energy, logistics, and legaltech, investors kept writing large checks across late stage, growth, and early institutional rounds. This week’s coverage spans Monday, November 10, through Thursday, November 13, spotlighting AI infrastructure leaders, deep-tech bets, and vertical SaaS plays that are quietly becoming core enterprise systems.
AI infrastructure once again sat at the center of the action. Cursor grabbed headlines with a $2.3 billion Series D at a $29.3 billion valuation as it races to become the default AI-native coding workspace. d-Matrix raised $275 million at a $2 billion valuation to push its in-memory inference chips into production, while Fireworks AI secured $250 million in Series C funding to give enterprises an independent platform for running models at scale. On the hardware side of the stack, Majestic Labs pulled together $100 million to attack the AI memory wall inside data centers, and Parallel Web Systems landed a $100 million Series A to build an internet layer that serves AI agents rather than human browsers.
Energy, logistics, and vertical applications also saw serious momentum. Valar Atomics raised $130 million to develop next-generation nuclear “gigasites” for an AI-hungry grid, and Harbinger brought in $160 million to electrify medium-duty truck fleets with FedEx stepping in as both investor and customer. Gopuff returned with a $250 million round at an $8.5 billion valuation as it pushes instant delivery toward sustainable margins. On the application side, Scribe and Sweet Security each closed sizable rounds to map and secure enterprise workflows, Gamma picked up $68 million to scale its AI storytelling workspace, and GC AI attracted $60 million to build an AI-first operating environment for in-house legal teams. Rounding out the week, Iambic Therapeutics and Wonderful showed how AI is moving deeper into biotech and multilingual enterprise agents.
Funding Highlights
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Cursor secured a $2.3 billion Series D at a $29.3 billion valuation to cement its position as the AI-native coding workspace for modern engineering teams.
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CHAOS Industries raised $510 million to scale software-first defense systems with AI-enabled sensing and command capabilities.
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d-Matrix closed a $275 million Series C at a $2 billion valuation to bring in-memory AI inference chips to hyperscaler and enterprise deployments.
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Fireworks AI raised $250 million in Series C funding to scale its independent AI inference cloud for multi-model production workloads.
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Gopuff brought in $250 million at an $8.5 billion valuation as it doubles down on unit economics in instant delivery.
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Harbinger raised $160 million in Series C funding with FedEx as both investor and customer to accelerate medium-duty commercial EV adoption.
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Valar Atomics landed $130 million in Series A capital to build next-generation nuclear “gigasites” for large-scale clean energy.
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Wonderful and Parallel Web Systems each secured $100 million Series A rounds, one for multilingual enterprise AI agents and the other for AI-ready internet infrastructure.
Investor Activity
Leading investors this week included Accel, Coatue, Lightspeed Venture Partners, Index Ventures, Kleiner Perkins, Evolution Equity Partners, StepStone Group, and Bullhound Capital, joined by strategic backers such as Nvidia, Google, FedEx, Microsoft’s M12, and media and corporate investors like News Corp. From deep-tech specialists leaning into nuclear and EV platforms to growth funds backing AI-native workspaces in engineering, legal, and storytelling, the capital flow pointed to a market that is still hungry for infrastructure, energy, and workflow automation that can move directly into production.
Taken together, these financings show that venture appetite for AI infrastructure, energy systems, logistics, and vertical SaaS is far from cooling. Instead, capital is concentrating around companies that solve hard operational problems and sit close to real P&L impact in data centers, fleets, legal departments, and core enterprise workflows.
Here’s the full breakdown. Until next week, have a great weekend.
1. Cursor Raises $2.3B in Series D Funding at $29.3B Valuation to Scale AI-Native Coding Workspace
Cursor has vaulted into the top tier of private AI companies after securing a massive $2.3 billion Series D at a $29.3 billion valuation. The AI-native coding startup is betting that the future of software development will revolve around IDEs built from scratch for collaboration between engineers and large models, not legacy editors with AI bolted on.
Built by four MIT graduates, Cursor is positioning itself as the primary workspace where engineers live: it reads entire codebases, maintains context across files, proposes structured changes, and helps teams ship faster without adding process bloat. The new capital will go toward scaling compute, deepening integrations across cloud and DevOps stacks, and pushing further into large enterprise accounts that want predictable, high-quality AI assistance wired directly into their development flow.
Funding Details
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Startup: Cursor
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Amount Raised: $2.3 billion
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Round: Series D
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Valuation: $29.3 billion
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Lead Investors: Accel (co-lead), Coatue (co-lead)
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Other Backers: Andreessen Horowitz, Thrive Capital, Nvidia, Google, others
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Funding Date: November 13, 2025
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Focus: AI-native coding workspace and IDE for large-scale engineering teams
2. CHAOS Industries Pulls In $510M to Build Software-First Defense Platforms
Defense-tech startup CHAOS Industries has raised $510 million in new funding as governments race to modernize national security infrastructure with AI-enabled systems. Instead of long, bespoke procurement cycles, CHAOS is building modular hardware and a software backbone that can be updated as mission needs evolve.
The company’s stack includes AI-enabled sensors, decision-support tools, and next-generation command-and-control capabilities designed to give operators real-time, actionable data without rebuilding infrastructure for every deployment. The round will help CHAOS ramp manufacturing, invest in autonomous systems R&D, and scale deployments with U.S. and allied defense agencies that now want dual-use, software-driven platforms rather than monolithic programs.
Funding Details
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Startup: CHAOS Industries
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Amount Raised: $510 million
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Round: Growth / Late Stage
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Lead Investor: Valor Equity Partners
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Other Backers: Strategic financial partners
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Funding Date: November 13, 2025
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Focus: Autonomous defense platforms, advanced sensing, and software-first command systems
3. d-Matrix Raises $275M in Series C Funding at $2B Valuation for AI Inference Chips
Santa Clara–based d-Matrix has secured $275 million in Series C funding, valuing the AI chip startup at about $2 billion. The company is tackling one of AI’s biggest cost centers: inference. Its architecture fuses compute and memory in the same fabric (“in-memory compute”) to speed up AI workloads while cutting power and infrastructure spend.
The capital will support manufacturing scale-up, global expansion, and cloud and enterprise deployments. With its JetStream interconnect and Aviator software stack, d-Matrix is pitching itself as a full-stack inference platform that can squeeze more performance out of data center hardware at a time when AI demand is straining power budgets and capex.
Funding Details
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Startup: d-Matrix
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Amount Raised: $275 million
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Round: Series C
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Valuation: ≈ $2 billion
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Lead Investors: Bullhound Capital, Triatomic Capital, Temasek
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Other Backers: Qatar Investment Authority, EDBI, M12 (Microsoft’s VC arm)
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Total Raised: ≈ $450 million
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Funding Date: November 12, 2025
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Focus: In-memory compute hardware and software for AI inference
4. Fireworks AI Secures $250M in Series C Funding to Build Independent Inference Cloud
Fireworks AI has raised $250 million in Series C funding to scale its AI inference platform, positioning itself as an independent alternative to tightly coupled cloud AI services, company co-founder and CEO Lin Qiao announced in a LinkedIn post. As enterprises deploy multiple models across varied workloads, the bottleneck is shifting from model training to efficient, predictable inference at scale.
Fireworks offers routing, optimization, monitoring, and orchestration so customers can run open-source and proprietary models with consistent latency and transparent costs. The new capital will fund deeper integrations with major cloud providers, expansion into regulated industries, and continued investment in reliability features for production workloads where inference spend has become the primary line item.
Funding Details
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Startup: Fireworks AI
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Amount Raised: $250 million
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Round: Series C
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Lead Investor: Lightspeed Venture Partners
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Other Backers: Index Ventures and additional investors
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Funding Date: November 13, 2025
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Focus: Independent AI inference platform for multi-model, production workloads
5. Gopuff Raises $250M at $8.5B Valuation to Prove Instant Delivery Can Be Profitable
Instant-delivery veteran Gopuff has raised $250 million in fresh funding at a reduced $8.5 billion valuation, as the company doubles down on turning rapid convenience delivery into a durable, profitable business. After years of category chaos, Gopuff is leaning into operational precision, higher-margin product lines, and tighter market focus.
The new capital will go to refining its micro-fulfillment network, strengthening routing and demand forecasting, and expanding private-label and curated grocery offerings that lift margins per order. Instead of chasing every city, Gopuff is concentrating on depth in markets where density and frequency already give it an advantage — a test of whether disciplined execution can finally make instant delivery economics work at scale.
Funding Details
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Startup: Gopuff
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Amount Raised: $250 million
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Round: Growth
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Valuation: $8.5 billion
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Lead Investor: Eldridge Industries
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Other Backers: Valor Equity Partners and others
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Funding Date: November 13, 2025
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Focus: Instant delivery with emphasis on unit economics, logistics, and private-label growth
6. Harbinger Raises $160M Series C to Electrify Medium-Duty Trucks
Commercial EV startup Harbinger has raised $160 million in Series C funding to accelerate production of its medium-duty electric trucks and hybrid platforms. While passenger EVs grabbed most of the early spotlight, Harbinger is targeting the delivery and fleet vehicles that run predictable routes, burn large amounts of fuel, and are ripe for electrification once cost and durability requirements are met.
The company is focusing on uptime, serviceability, and total cost per mile — the metrics that actually drive fleet purchasing decisions. Notably, FedEx is coming in as both a co-lead investor and a customer, placing an order for Harbinger trucks. The funding will expand manufacturing capacity, refine the supply chain, and deepen telematics and fleet-management integrations as logistics, rental, utility, and municipal fleets weigh their next generation of vehicles.
Funding Details
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Startup: Harbinger
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Amount Raised: $160 million
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Round: Series C
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Lead / Strategic Investors: FedEx (co-lead), Capricorn Technology Impact Fund (co-lead), THOR Industries (co-lead)
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Funding Date: November 13, 2025
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Focus: Medium-duty commercial EV platforms and fleet electrification
7. Valar Atomics Lands $130M in Series A Funding to Build Next-Gen Nuclear “Gigasites”
Hawthorne, California–based Valar Atomics has raised $130 million in Series A funding to develop its next-generation nuclear reactor “gigasites.” At a time when energy demand is surging thanks to AI and data centers, the company is pitching high-output, safe nuclear sites as critical base-load infrastructure.
The round, backed by well-known tech and defense investors including Oculus founder Palmer Luckey, will fund reactor design progress and early facility build-out. The scale of this Series A highlights renewed venture interest in nuclear as a climate and energy-security solution, especially for nations and companies that need massive, predictable power for AI and industrial workloads.
Funding Details
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Startup: Valar Atomics
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Amount Raised: $130 million
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Round: Series A
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Lead Investors: Snowpoint Ventures (lead), Day One Ventures (co-lead), Dream Ventures (co-lead)
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Other Backers: Riot Ventures, Balerion Ventures, Contrary Capital, Palmer Luckey
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Total Raised: $130 million
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Funding Date: November 10, 2025
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Focus: Next-generation nuclear reactor “gigasites” for large-scale clean energy
8. Iambic Therapeutics Closes $100M+ Series B for AI-Driven Cancer Drug Discovery
San Diego–based Iambic Therapeutics has raised over $100 million in an oversubscribed Series B to push its AI-designed cancer therapies deeper into the clinic. The company uses a generative AI platform to design novel molecules and has already reported encouraging early clinical data for its lead candidate.
The new funding will advance multiple pipeline programs into clinical trials and support additional partnerships with pharma and sovereign wealth investors who see AI-enabled discovery as a way to compress timelines and improve hit rates. With this round, Iambic’s total funding climbs to $153 million, underscoring investor conviction that AI-guided design is becoming a core part of the next wave of oncology development.
Funding Details
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Startup: Iambic Therapeutics
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Amount Raised: $100+ million
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Round: Series B
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Lead Investors: Ascenta Capital (co-lead), Abingworth (co-lead)
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Other Backers: Illumina Ventures, Qatar Investment Authority, Regeneron Ventures, Sequoia Capital, others
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Total Raised: $153 million
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Funding Date: November 10, 2025
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Focus: AI-driven small-molecule discovery for oncology and targeted therapies
9. Wonderful Raises $100M Series A at $700M Valuation for Multilingual Enterprise AI Agents
Wonderful, headquartered in Amsterdam with R&D in Israel, has raised $100 million Series A led by Index Ventures, valuing the startup at $700 million. The company is building what it calls “culturally fluent AI” — enterprise-grade agents that operate across chat, voice, and email while adapting tone and behavior to local norms, not just translating words.
With traction across Europe and the Middle East and plans to expand into the Asia Pacific in 2026, Wonderful expects to reach $10 million in ARR by year-end. The fresh capital will go toward hiring, deepening its platform architecture, and scaling deployments for global enterprises that need customer interactions to feel local in every market.
Funding Details
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Startup: Wonderful
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Amount Raised: $100 million
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Round: Series A
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Valuation: ≈ $700 million
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Lead Investor: Index Ventures
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Other Backers: Insight Partners, IVP, Bessemer, Vine Ventures
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Total Raised: ≈ $134 million
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Funding Date: November 11, 2025
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Focus: Multilingual, culturally aware AI agents for enterprise customer engagement
10. Parallel Web Systems Grabs $100M Series A to Build AI-Ready Internet Layer
Parallel Web Systems, founded by former Twitter CEO Parag Agrawal, has raised $100 million in Series A funding to rebuild a key piece of internet plumbing for the age of AI agents. The company argues that the current web was built for human browsing, not for machine agents that need live, structured, permissioned data streams.
Parallel is creating an infrastructure layer that sits between publishers and AI systems, giving enterprises and content owners a controlled way to expose up-to-date information to copilots, agentic workflows, and automated decision systems. The new capital will be used to expand engineering, secure large-scale content partnerships, and grow infrastructure capacity as more AI deployments shift from static snapshots to live data.
Funding Details
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Startup: Parallel Web Systems
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Amount Raised: $100 million
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Round: Series A
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Lead Investors: Kleiner Perkins (co-lead), Index Ventures (co-lead)
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Other Backers: Khosla Ventures
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Total Raised: $130 million
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Funding Date: November 13, 2025
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Focus: Internet infrastructure layer for live, permissioned data access by AI agents
11. Scribe Hits Unicorn Status with $75M Series C for AI Workflow Mapping
San Francisco–based Scribe has raised $75 million in Series C funding at a $1.3 billion valuation, officially joining the unicorn ranks. The company first broke out with a tool that watches how employees complete tasks and automatically generates step-by-step documentation.
Now Scribe is moving up the stack with Scribe Optimize, an AI-driven product that analyzes workflows to uncover where automation and AI can deliver measurable ROI. The new round will help Scribe ship Optimize faster and scale go-to-market as enterprises search for practical ways to boost productivity rather than chase vague AI experiments.
Funding Details
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Startup: Scribe
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Amount Raised: $75 million
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Round: Series C
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Valuation: $1.3 billion
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Lead Investor: StepStone Group
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Other Backers: Amplify Partners, Redpoint Ventures, Tiger Global, Morado Ventures, New York Life Ventures
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Total Raised: $130 million
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Funding Date: November 10, 2025
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Focus: AI-powered workflow documentation and optimization for enterprises
12. Sweet Security Raises $75M Series B for AI-Native Cloud Security
Israeli startup Sweet Security has closed a $75 million Series B to secure cloud and AI infrastructure as organizations sprint into LLMs and agents. Founded in 2023, the company offers runtime protection for cloud-native apps and AI-specific surfaces, including detection of “shadow AI” such as unregistered LLM servers and rogue agents.
The funds will help Sweet Security expand globally and broaden its product to cover more AI-heavy environments where traditional security tools lack visibility. With AI workloads now touching sensitive data in production, investors are backing new security vendors built from day one with AI threat models in mind.
Funding Details
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Startup: Sweet Security
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Amount Raised: $75 million
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Round: Series B
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Lead Investor: Evolution Equity Partners
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Other Backers: Glilot Capital Partners, Key1 Capital, Munich Re Ventures
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Total Raised: $120 million
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Funding Date: November 12, 2025
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Focus: AI-aware cloud security, runtime protection, and shadow-AI detection
13. Majestic Labs Raises $71M in Series A Funding to Break the AI Memory Wall
Majestic Labs, founded by former Silicon leaders from Meta and Google, has raised $71 million in Series A funding, bringing its total capital to $100 million. The stealthy AI-hardware startup is targeting the “memory wall” — the bottleneck between compute and memory that drags down large-scale AI training and inference.
Majestic claims its patent-pending architecture can pack up to 1,000× more memory than a typical enterprise server, allowing a single system to replace as many as ten racks of today’s setups. If the tech delivers, hyperscalers could see major savings in data center footprint and operating costs at a time when AI compute demand is exploding.
Funding Details
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Startup: Majestic Labs
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Amount Raised (Latest): $71 million
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Total Raised: $100 million
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Round: Series A
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Lead Investor: Bow Wave Capital
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Other Backers: Lux Capital, other undisclosed investors
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Funding Date: November 10, 2025
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Focus: High-memory AI server architecture to shrink data centers and cut AI infrastructure costs
14. Gamma Raises $68M Series B at $2.1B Valuation for AI Storytelling Workspace
San Francisco-based Gamma has raised $68 million in Series B funding, putting the company’s valuation at about $2.1 billion. What began as an AI-powered alternative to PowerPoint has evolved into a full visual storytelling platform where users can create presentations, websites, and interactive documents in one place.
After crossing $100 million in ARR, Gamma is pitching itself as the modern canvas for business communication, especially for teams that don’t have the time or design skills to craft polished decks and microsites. The new capital will fuel product expansion and growth as Gamma pushes to become a default workspace for sharing ideas visually.
Funding Details
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Startup: Gamma
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Amount Raised: $68 million
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Round: Series B
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Valuation: ≈ $2.1 billion
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Lead Investor: Andreessen Horowitz
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Other Backers: Accel, Uncork Capital, others
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Total Raised: ≈ $90 million
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Funding Date: November 10, 2025
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Focus: AI-powered platform for presentations, websites, and visual business storytelling
15. GC AI Raises $60M Series B to Build AI Workspace for In-House Legal Teams
GC AI has raised $60 million in Series B funding to scale its AI-powered workspace built specifically for in-house legal departments. Instead of generic chatbots, the platform provides a secure environment where legal teams can search, draft, review, and reason across contracts, policies, and regulatory documents with full traceability.
GC AI already serves more than 1,000 organizations, including over 50 public companies and dozens of unicorns. The new capital will be used to expand features such as clause comparison, compliance monitoring, and tailored drafting, as well as deepen integrations with document and knowledge-management systems. It’s a sign that AI in legal is moving beyond pilots into core operational tooling.
Funding Details
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Startup: GC AI
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Amount Raised: $60 million
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Round: Series B
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Lead Investors: Scale Venture Partners, Northzone
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Other Backers: Sound Ventures, Aglaé Ventures, SilverCircle Partners, News Corp, The Council, strategic angels, including Guillermo Rauch
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Funding Date: November 13, 2025
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Focus: AI workspace for corporate legal teams and contract/regulatory workflows
