SA国际传媒

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This is a weekly feature that runs down the week鈥檚 top 10 announced funding rounds in the U.S. Check out last week鈥檚 biggest funding rounds here.

After a slow Thanksgiving week, investors made up for lost time with a slew of big-money rounds. VCs spread their cash around pretty liberally, notching big rounds in semiconductors, biotech, carbon capture and more.

1. , $693M, semiconductor: 鈥檚 chip startup Tenstorrent raised nearly $700 million in a Series D funding that gives it a $2.6 billion valuation. The cash infusion was led by and , and included 鈥� and , among others. Tenstorrent it plans to use the new capital to 鈥渂uild out open-source AI software stacks, hire developers, expand its global development and design centers, and build systems and clouds for AI developers.鈥� The Santa Clara, California-based startup was founded in 2016 and has since raised more than $1 billion, .

2. , $161M, biotech: The big biotech round of the week went to Menlo Park, California-based Nuvig Therapeutics, which raised a $161 million Series B co-led by , Blue Owl Healthcare Opportunities (formerly ) and . The biotech startup is developing immunomodulatory therapeutics for patients with inflammatory autoimmune diseases. The company currently has a therapy set to enter Phase 2 clinical development. Founded in 2021, the company has raised $208 million, .

3. , $150M, carbon capture: Direct air capture company Heirloom raised $150 million in Series B funding led by and . The Brisbane, California-based climate tech firm uses modified limestone to pull CO鈧� from the atmosphere. Heirloom鈥檚 new money comes amid a boom period for investment for carbon capture startups. Per SA国际传媒 , funding to the space is on track to hit the highest or second-highest annual tally since we began tracking the category. Founded in 2020, the company has raised .

4. , $120M, manufacturing: Manufacturing AI startup Tractian is the latest company using the emerging tech to capture investors鈥� attention, snapping up a $120 million Series C funding led by . The Atlanta-based company鈥檚 AI play is pretty straightforward. It is able to combine hardware, software and AI to help modernize manufacturing maintenance processes. The company 鈥� which describes itself as the 鈥淚ndustrial Copilot鈥� 鈥� addresses the growing concern聽 of industrial maintenance, with unplanned downtime , about $1.4 trillion. Founded in 2019, Tractian has raised more than $180 million, . In August 2023, the company closed a $45 million growth capital round led by .

5. , $115M, biotech: South San Francisco-based Maze Therapeutics, a clinical-stage biopharmaceutical developing medicines for renal, cardiovascular and metabolic diseases, completed a $115 million Series D co-led by investors and . The round did feature the conversion of issued convertible notes. Founded in 2018, the company has raised .

6. , $106M, healthcare: Denver-based Cleerly, a cardiovascular imaging startup, raised a $106 million Series C extension led by . Founded in 2017, the company has raised nearly $387 million, .

7. , $105M, fintech: Investment platform Public raised $135 million in equity and debt financing as it looks to grow AI-enabled research features. The financing, which New York-based Public described as a Series D-2, included $105 million in equity and $30 million in debt, with as the lead investor. Founded in 2019, the company has raised more than .

8. , $100M, cybersecurity: Cloud security is big as more companies shift their massive amounts of data to the cloud. Cloud security firm Upwind was able to take advantage of that trend, raising a $100 million round led by . The San Francisco-based startup reportedly is valued at $900 million after the new funding. Founded in 2022, the company has raised .

9. , $91M, recycling: Denver-based AMP Robotics, which creates AI-powered sortation systems for the waste and recycling industry, raised a $91 million Series D led by . Founded in 2015, the company has raised $266 million, .

10. , $60M, cybersecurity: San Jose, California-based Axiado, a hardware security startup, raised a $60 million Series C led by . Founded in 2017, the company has raised .

Big global deals

It was a slow week for funding outside the U.S., as only one round hit nine figures.

• India-based , a housing finance corporation, raised a $100 million venture round.

Methodology

We tracked the largest announced rounds in the SA国际传媒 database that were raised by U.S.-based companies for the seven-day period of Nov. 30 to Dec. 6. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

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