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This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding rounds here.
Regular readers know this is usually a top 10 list of the biggest rounds of the week. However, this week is a little different — mainly because of the election.
Very few companies announced funding rounds this week, and the ones that did were on the smaller side — obviously aside from ’s massive one. Many startups clearly didn’t want their funding news overshadowed by a presidential election. So instead of running a list of 10, we’re going with a top five.
1. , $400M, robotics: Physical Intelligence, a startup developing brains for a wide array of robots, raised a $400 million round at a $2 billion valuation led by , and , . The San Francisco-based company had raised a $70 million seed round back in March. Physical Intelligence is just the latest startup looking to use AI to improve how robots operate and create foundational software that could be used on a variety of robot models instead of having to create separate operating software for each individual model. Investors already have placed big bets in the intersection of robotics and its AI-enhanced foundational software — especially Bezos. In February, Sunnyvale, California-based , which is developing AI-enhanced robots that it hopes will be able to perform dangerous jobs and alleviate labor shortages, raised a huge $675 million round at a pre-money valuation of roughly $2 billion. That round included investments from , Bezos’ and others. In July, Pittsburgh-based — also developing brain models that can be used in a variety of robots and for different tasks — raised a $300 million Series A led by , , and Bezos, through his . The funding valued the company at $1.5 billion. Overall, this has been a good year for robotics startups receiving funding.
2. , $93M, neuroscience: New York-based Precision Neuroscience, a developer specializing in brain-computer interfaces, raised a $93 million Series C, per from medical news outlets citing financial filings. Investors were not named. Founded in 2021, the company has raised $146 million, .
3. , $50M, biotech: Ohio-based drug development company AmplifyBio received a $50 million investment — with ability to scale to $65 million — from for its new manufacturing enablement center in New Albany, Ohio. Founded in 2021, the company has raised nearly $330 million, .
4. , $40M, medical: Menlo Park, California-based Inquis Medical, a medical technology company specializing in thrombectomy systems, locked up a $40 million Series B led by . Founded in 2020, this is the first round with a disclosed amount, .
5. , $34M, healthcare: San Mateo, California-based PrognomiQ, a healthcare company developing detection tests for cancer and other complex diseases, announced a $34 million Series D led by . Founded in 2020, PrognomiQ says it has raised more than $135 million.
Big global deals
There were two big $100 million rounds outside the U.S. this week.
- China-based , which develops autonomous driving technology, raised a $100 million Series C.
- U.K.-based , a cryptocurrency cloud-mining platform, raised a $100 million venture round.
Methodology
We tracked the largest announced rounds in the SA¹ú¼Ê´«Ã½ database that were raised by U.S.-based companies for the seven-day period of Nov. 2 to Nov. 8. 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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