Tech
Smart glasses maker Even Realities hits $1B valuation with $150M funding led by Meituan, Tencent
Meta and Snap rolled out new smart glasses last month, the latest sign that the industry is racing to put a camera and an AI assistant onto users’ faces. As the fast-growing market heats up, upstarts like Even Realities are muscling in on the giants.
Even Realities, a three-year-old Shenzhen-headquartered startup, has raised $150 million in a pre-Series B round led by Meituan and previous backer Tencent; the round valued the startup at $1 billion valuation. Founder and CEO Will Wang told TechCrunch that while rivals chase camera-equipped devices built around content capture and AI, his company is betting on display-first glasses that beam information straight into the wearer’s line of sight without giving up privacy.
Even’s earlier backers are mostly high-profile China names — Hillhouse, Sequoia China, and Northern Light Venture Capital.
Even was started by ex-Apple engineers in 2023. CEO Wang worked on the Apple Watch and iPhone; other co-founders came from tech, and two came from luxury eyewear companies, including Lindberg. The startup moved quickly, launching its first product, the G1, in 2024 as what Wang calls the lightest waveguide smart glasses then on the market.
Even blew past its own 10,000-unit target to become the first company in the category to sell more than 10,000 pairs, according to the company CEO. It raised money faster than expected, and swelled from 30–40 staff in 2024 to 300–400 today.
The startup’s latest flagship, the G2, hit the market last November and skips the camera entirely. Instead, a heads-up display built into the frames feeds information to the wearer, controlled by a companion ring, the Even R1, that users tap and swipe to navigate.
Removing the camera is an important part of Even’s privacy philosophy, though not the entire story, Wang continued. Smart glasses, he said, are probably the most personal computing device people will ever wear. Worn on the face all day, they have to feel comfortable to both the wearer and those around them, so privacy is designed into both the hardware and the software. Voice features like translation transcribe audio into text rather than storing recordings; user data is encrypted, and the infrastructure is built to meet Europe’s strict privacy standards, Wang added.
Even’s power users lean hard on Conversate, a copilot that reads a conversation in real time, explaining unfamiliar jargon or feeding follow-ups on the fly, then syncing a summary to their phone.
Still, Even has invested most heavily in optics (the display and overall optical performance), which Wang says is what separates smart glasses from other consumer electronics.
“With a phone or a watch, the display is just a conventional OLED or LCD screen. Smart glasses are the first product category to rely on optical displays, which require an entirely different technology stack; you have to design the microchip, the optics, and the waveguide together. That’s where we’ve invested the most,” Wang said.
The company developed a proprietary optical technology called Even HAO, or Holistic Adaptive Optics, an end-to-end design that integrates the microchip, waveguide and prescription support from the start, rather than combining components designed separately.
More than half of Even’s users sit in the U.S. — its fastest-growing market — and so does the bulk of its developer community. The company doesn’t sell in China yet, even though it manufactures there across several factories; its main markets are the U.S., Japan, South Korea, the Middle East, and Europe. “The demand there is significant, so we want to make sure we’re prepared first,” Wang said.
Even sells near the top of the category on price and still moves real volume, making it a profitable player in the space, Wang said. “Most of our customers are male professionals between 30 and 50 years old. We ran a survey and found that about a third of our users are company executives,” he added. The frames retail for $599 before tax; prescription lenses or the ring tack on another $200–$300, pushing the average order to roughly $1,000.
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Tech
Uber’s European expansion plans may have hit a speed bump
Back in February, Uber announced ambitious plans to launch in seven new European markets in 2026 — but now the Financial Times reports that five of those launches are on hold. Country launches that have been paused include Austria, Norway, and Greece.
Uber seemed to confirm the decision to the FT, saying that recent launches in Finland and Denmark had been a “huge success,” so now it wants to “focus on continuing the momentum” in existing markets.
Another likely factor in the decision: Uber’s continuing efforts to acquire Delivery Hero, a European company that rejected Uber’s 10 billion euro takeover bid in May.
It seems Uber is still hoping to make the deal a reality. An industry source said that putting a pause on further expansion could help alleviate antitrust concerns around a potential acquisition, especially since Delivery Hero operates delivery services in several of the target countries.
Tech
This humanoid robotics company is going public, but its CEO isn’t promising a robot in your home anytime soon
The humanoid robotics market is awash in money right now. Last week, AI2 Robotics, a Shenzhen-based startup that makes wheeled humanoid robots, raised roughly $735 million at a nearly $3 billion valuation. Earlier this year, Apptronik, an Austin-based maker of humanoid robots for manufacturing and logistics, closed a $935 million funding round valuing the company at more than $5.5 billion. Last fall, Figure AI, a San Jose-based startup developing general-purpose humanoid robots, self-reported that it closed on $1 billion in Series C funding at an eye-popping $39 billion valuation.
By comparison, Peggy Johnson, CEO of Agility Robotics, is surprisingly measured. We spoke by phone last week, just after the company announced plans to go public through a merger with Michael Klein’s Churchill Capital Corp XI, a special purpose acquisition company, or SPAC. The deal values Agility at around $2.5 billion and is expected to raise more than $620 million in gross proceeds, the largest capital raise in humanoid robotics history. It hasn’t closed yet; the merger still needs shareholder approval and SEC review, and is expected to be completed later this year.
Agility was founded in 2015 as a spinoff from Oregon State University. Based in Salem, Oregon, the company makes bipedal humanoid robots designed to work in warehouses and factories. Its SPAC maneuver is notable for a few reasons. It would make Agility the first pure-play humanoid robotics company to trade on public markets, giving retail investors direct exposure to a sector that has so far been available primarily to deep-pocketed VC funds. It also offers a rare window into the finances of a business in a space where most competitors closely guard their numbers and even the state of the tech they are building.
Johnson — formerly executive vice president of business development at Microsoft, where she helped engineer the $26 billion acquisition of LinkedIn, and later CEO of Magic Leap, the once-hyped augmented reality headset maker — was careful throughout our conversation. She declined to offer forward-looking financial guidance, declined to disclose the bill of materials for Agility’s flagship robot Digit, and pushed back politely whenever questions veered toward speculation.
Asked why Agility is going public via a SPAC rather than raising another private round — a structure that skips the roadshow and pricing scrutiny of a traditional IPO — Johnson said much of it boils down to the first-mover advantage the company enjoys when it’s the first of its ilk to go public. For investors clamoring for shares in a buzzy robotics company, Agility is “an acceleration story and a timing story,” she said. The proceeds will also help Agility ramp up production at its 70,000-square-foot manufacturing facility in Salem, Oregon, and fulfill an existing pipeline of customer orders.
As for the troubled reputation of SPACs — many companies that went public that way in 2021 famously fizzled out entirely or trade well below their offering price — Johnson was unfazed. “If we just keep our head down, keep delivering customer by customer, robot by robot, we hopefully won’t experience the same volatility,” she said. “Our biggest competitor right now is just us. How quickly we can execute, how quickly we can continue to add new skills.”
The pipeline goes well beyond pilots, Johnson told TechCrunch, pointing to more than $300 million in booked, multi-year revenue that represents roughly 1,000 robots that are part of a robots-as-a-service model in which customers pay a monthly fee rather than purchasing the machines outright. “Everybody on our list right now is already vetted, and they have deployment plans behind their proof of concepts,” Johnson said. Customers include GXO Logistics, Amazon, Toyota Motor Manufacturing Canada, Schaeffler, and Mercado Libre.
Digit itself is a deliberately unfussy piece of hardware. It stands about 5’9″, weighs around 160 pounds, and is designed to do one thing exceptionally well, which is move heavy objects in human-built spaces. Its most distinctive feature is a set of reverse-bend knees — they’ve been called “bird legs” — that allow it to reach from floor level to overhead shelving without the knees colliding with warehouse racking. (Agility’s founders, Johnson explained, weren’t interested in biomimicry for its own sake.) The robot’s hands — two thumbs and two fingers — are similarly task-specific; they’re optimized for gripping heavy plastic totes, even as their contents shift in transit.
Johnson said Agility is “LLM-agnostic,” drawing on models including Claude and Gemini to handle what she calls the semantic layer — translating high-level instructions into robot behavior. She described a recent test in which engineers scattered different types of trash on the floor and told Digit simply to “clean up this mess.” The robot assessed, sorted, and binned everything correctly, including correctly identifying bubble wrap as non-recyclable.
Of course, it’s the physical layer — the mechanics of balance, locomotion, and manipulation — that Agility considers its core proprietary advantage, one built up over more than a decade of real-world deployment. “The LLMs had the entire internet to train on,” she said. “When you think about the physical AI of humanoids — that doesn’t quite exist yet.” At most companies, anyway. Johnson believes Agility is the exception: “We may have the largest data lake of actual operating robotics data in real-world environments.”
Beyond raw data, Johnson said, safety is where the gulf between Agility and its competitors is biggest and most consequential. While rival companies showcase their robots in lab demos and choreographed videos, Agility has had to meet actual industrial safety certification requirements to operate inside customer facilities. “You can’t build your robot and then make it safe,” she said. “That’s a redesign. You have to have all of the safety certified — the electrical system, all of the parts, and the software to support all of that.” (It’s not a trivial concern given that humans are often somewhere in the room. Back in November, Figure AI’s former head of product safety sued the company, alleging he was fired after raising concerns that its robots were powerful enough to fracture a human skull. Figure has disputed the claims.)
As for the home, Johnson thinks humanoids will get there eventually, but she said not to expect them to deliver breakfast in bed anytime soon. It’ll be “10-plus years,” she said of the timeline, observing that warehouses and factories, for all their complexity, have fixed aisles and predictable equipment and workflows unlike homes that are chaotic, with dogs, babies, visitors, and objects left in unexpected places.
“At least roads have some discipline to them,” Johnson added, comparing the challenge to that of autonomous vehicles. “Most of the areas that humanoids will be operating in don’t.”
Agility isn’t ruling out the home market. Johnson said the company will enter it when it makes sense. For now, though, it’s laser focused on the warehouse market, given the growing numbers of retiring workers and younger workers who aren’t willing to take physically demanding roles. “There’s something like over a million jobs in the US today in these areas that are unfilled,” she said. “They’re just very, very hard to hire for.”
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Tech
Almost 90 new unicorns have been minted so far this year — here they are
With AI igniting an investor frenzy, more startups are achieving unicorn status every month.
Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns in 2026. While most are AI-related, a surprising number are focused on other industries like healthcare and even a few crypto companies. This list will be updated throughout the year.
June
MainFunc — $2.6 billion. This startup offers an AI workspace called Genspark. Founded in 2023, it last raised a $485 million Series B in a round led by Lg Technology Ventures, SBI Investment, and Emergency Equity Management, according to Pitchbook. It has raised a total of $645 million in funding to date, with other investors in the company including AWS.
May
Farther — $1.25 billion. This wealth management platform, founded in 2019, last raised a $150 million Series D in a round led by General Atlantic, giving it a valuation of $1.25 billion, according to Pitchbook. The company has raised $273 million in funds to date, with other investors including Bessemer Venture Partners, Lightspeed, and Khosla.
Socket — $1 billion. This cybersecurity startup helps protect against malicious supply chain attacks. Founded in 2020, it last raised a $60 million Series C in a round led by Thrive Capital, according to Pitchbook. The company has raised $124 million in funding to date, from investors including Aaron Levie and Andreessen Horowitz.
EXA — $1.95 billion. This company has built a web engine for AI agents to search, crawl, and research. Founded in 2021, it last raised a $250 million Series C in a round led by Andreessen Horowitz, according to Pitchbook. It has raised $360 million in funds to date, from other investors including Nvidia and YC.
Radar — $1 billion: This inventory management platform last raised a $170 million Series B in a round led by Nimble Partners and Gideon Strategic Partners. Founded in 2013, it has raised around $250 million in funding to date from investors including Founders Fund and YC, according to Pitchbook.
Vi Labs — $1.64: This AI enterprise platform helps health service organizations find patients and run operations. It was founded in 2021 and last raised a $145 million round led by RevelStroke Capital Partners and The Pritzker Organization, according to Pitchbook. Overall, the startup has raised around $275 million in funding to date from investors, including General Atlantic and Square Peg Capital.
SendCutSend — $1 billion: This startup cuts custom industrial parts. Founded in 2018, it last raised a $110 million Series A in a round led by Paradigm and Sequoia and has raised around $123 million in funding to date, according to Pitchbook.
MiRus — $4.41 billion: Founded in 2015, this cardiovascular and orthopedic medical device company last raised a $1.5 billion late-stage round from Boston Scientific. It has raised more than $1 billion in funding to date, according to Pitchbook.
Recursive — $4.65 billion. Founded in 2025, this AI research lab last raised $650 million in a Series A round led by GV and Greycroft, bringing the total it has raised to $650 million. Other investors include Nvidia, according to Pitchbook.
Forus — $1.01 billion: Founded in 2023, this company automates part of the patient care process, like benefit verifications, appeal letters, and enrollment forms, to help speed up treatment time. It last raised a $160 million Series B in a round led by Accel and has raised around $197 million in funding to date. Other investors in the company include Bain Capital Ventures and Thrive Capital, according to Pitchbook.
Positron — $1.06 billion: Founded in 2024, this company builds custom AI hardware for inference. It last raised a $234 million Series B, with investors in the company including ARENA Private Wealth and Valor Equity Partners. The company has raised more than $310 million in funding to date, according to Pitchbook.
Cowboy Space — $2 billion: Founded in 2023, this company, which seeks to build a power grid in space to help power AI on Earth, last raised a $305 million Series B in a round led by Index Ventures. It has raised $355 million in funding to date, with other investors including Andreessen Horowitz, NEA, and Draper Associates, according to Pitchbook.
Starcloud — $1.1 billion: This startup is developing technology to deploy data centers in space. Founded in 2024, it last raised $170 million in a Series A round led by EQT and Benchmark Opportunity Partners. It has raised more than $190 million in funding to date from investors including Sequoia and Andreessen Horowitz, according to Pitchbook.
Advanced Manufacturing Company of America — $1.1 billion: This company develops and manufactures defense and aerospace parts. Founded in 2024, it last raised a $300 million Series B in a round led by Caffeinated Capital. Other investors in the company include Andreessen Horowitz, Lightspeed, and Founders Fund, and the startup has raised more than $370 million in funding to date, according to Pitchbook.
Xbow — $1.32 billion: This startup, founded in 2024, is an autonomous hacker that helps companies find security flaws. It last raised a $155 million Series C in a round led by Samsung Venture Investment, DFJ Growth, and Northzone Ventures and has raised a little more than $270 million in funding to date, according to Pitchbook.
Corgi — $2.6 billion: This startup offers insurance coverage to startups for liablities like cyber, general, and tech and AI. It was founded in 2024 and last raised a $105 million Series B1 round from TCV. The company has raised $374 million to date from investors including Kindred Ventures and YC, according to Pitchbook.
Blitzy — $1.4 billion. This startup, founded in 2023, offers an AI coding tool for enterprise teams. It last raised $200 million from Northzone Ventures and has raised around $206 million in funding to date, according to Pitchbook.
April
Rogo — $2 billion: This startup, founded in 2021, is a platform for financial intuitions to help manage analytical workflow. It last raised a $160 million Series D in a round led by Kleiner Perkins, and has raised a little more than $310 million in funding to date. Other investors in the company include Tiger Global Management and Kholsa Ventures, according to Pitchbook.
Parallel — $2 billion. Founded in 2023, this company is building a search engine for AI agents to use. It last raised a $100 million Series B in a round led by Sequoia, with other investors in the company including Kholsa Ventures and Kleiner Perkins. The company has raised around $230 million in funding to date, according to Pitchbook.
Avoca — $1 billion. Founded in 2022, this startup offers AI agents for customer support tasks like inbound and outbound communications. It last raised a $125 million Series B in a round led by General Catalyst and Meritech Capital Partners, bringing the total capital raised to $125 million. Other investors in the company include Kleiner Perkins and YC, according to Pitchbook.
Core Automation — $1 billion. Founded in 2026, this company is an enterprise platform that helps companies automate complex business workflows. It last raised a $100 million seed round with investors including Threshold Ventures and Scribble Ventures. The company has raised $100 million in funding to date, according to Pitchbook.
Promethus — $41 billion: Co-founded by Jeff Bezos last year, this startup is building AI tools that automate general engineering tasks. It raised a $12 billion Series B round led by JPMorgan Chase and BlackRock. It has raised $18.2 billion in funding to date, according to Pitchbook.
Omni Analytics — $1.51 billion: Founded in 2022, this startup is a business intelligence platform that helps answer questions for employees. It last raised a $120 million Series C in a round led by ICONOIQ Growth and has raised around $215 million in funding to date. Other investors in the company include Databricks and GV, according to Pitchbook.
Factory — $1.5 billion: Founded in 2023, this startup is building self-improving software. It last raised a $150 million Series C in a round led by Khosla Ventures, with other investors including Blackstone and Nvidia. It has raised around $219 million in funding to date, according to Pitchbook.
Slash — $1.4 billion: Founded in 2020, this is a banking and corporate financial management platform, putting banking, payments, expense management, and corporate card mangement into one platform. It last raised a $100 million Series C in a round led by Ribbit Capital, Khosla Ventures, and Goodwater Capital. It has raised around $160 million in funding to date from other investors, including Menlo and YC, according to Pitchbook.
Alloy Therapeutics — $1 billion: This startup, which is using AI for drug discovery and development, was founded in 2017 and last raised a $40 million Series R. Investors in the company include Founders Fund, 8VC, and 10X Capital, and the startup has raised more than $170 million in funding to date, according to Pitchbook.
Applied Compute — $1.3 billion: The startup helps enterprises use their own data to train custom AI software and solutions. Founded in 2025, it last raised an $80 million round led by Kleiner Perkins. Other investors in the company include Benchmark and Sequoia, and the company has raised $160 million in funding to date, according to Pitchbook.
Hermeus — $1 billion. This company seeks to build high-speed unmanned aircraft. Founded in 2018, it last raised a $350 million Series C in a round led by Khosla Ventures. Other investors in the company include Peter Thiel and Founder Fund and the company has raised almost $550 million in funding to date, according to Pitchbook.
March
Tenex.AI — $1 billion. This startup bills itself as one of the leading “AI-native, human-led agentic” platforms that provide cybersecurity services. Founded in 2024, the company last raised a $250 million Series B in a round led by Crosspoint Capital. It’s raised $277 million in funding to date from investors like Andreessen Horowitz, too, according to Pitchbook.
Also — $1 billion: Founded in 2024, this Rivian spinout focuses on building electric autonomous small vehicles to transport people and goods. It last raised a $200 million Series C in a round led by Greenoaks Capital Partners. Other investors in the company include DoorDash and Rivian and the company has raised more than $300 million in funding to date, according to Pitchbook.
Stipple Bio — $2.25 billion. This startup was founded in 2022 and focuses on targeted cancer drug discovery. It last raised a $100 million Series A in a round led by Andreessen Horowitz, Nextech Invest, and RA Capital Management, according to Pitchbook. It has raised a total of around $121 million in funding to date. Other investors in the company include Emerson Collective and OMX.
Nextop AI — $4.2 billion. Founded in 2024, this startup builds ethernet networking hardware for AI data centers. It last raised a $500 million Series B in a round led by Andreessen Horowitz and Lightspeed Venture Partners and has raised $610 million in funding to date, according to Pitchbook.
ModRetro — $1 billion. Founded in 2023 by Palmer Luckey, this startup manufactures classic “retro” games like GameBoy but with modern enhancements, according to Pitchbook. It last raised a $195 million Series A and has raised $217 million in funding to date. Investors in the company include Valor Equity Partners and Drover Ventures.
Rhoda AI — $1.7 billion: This startup, founded in 2024, focuses on building foundational models that help deploy robotic systems. It last raised a $450 million Series A in a round led by Premji Invest, Mayfield Fund, Capricorn Investment Group, Khosla Ventures, and Temasek Holdings. It has raised $450 million in funding to date, according to Pitchbook.
Nominal — $2 billion. This company, founded in 2022, a software suite that helps engineering teams test and run hardware. It last raised a $115 million Series B in a round led by Founders Fund and Sequoia, according to Pitchbook. Other investors in the company include Lightspeed Venture Partners and the company has raised $182 million in funding to date.
Eight Sleep — $1.5 billion. Founded in 2014, this startup creates tech-enabed mattresses. It last raised a $150 million Series D in a round led by Tether Investments and has raised around $309 million in funding to date, according to Pitchbook. Other investors in the company include YC, FoundersFund, and Softbank.
Science — $1.5 billion. Founded in 2021, this startup creates brain-computer medical devices. It last raised a $230 million Series C in a round led by Lightspeed and Khosla, according to Pitchbook. It has raised around $519 million in funding to date with other investors in the company including YC.
Axiom — $1.6 billion. Founded in 2025, this startup is building a platform to help with mathematical discoveries. It last raised a $200 million Series A in a round led by Menlo, according to Pitchbook. Other investors in the company include Toyota Ventures and B Capital Group. It has raised $264 million in funding to date.
True Anomaly — $2.2 billion. Founded in 2022, this space defense manufacturing company last raised a $650 million Series D in a round led by Riot ventures and Eclipse Capital, according to Pitchbook. It has raised around $1 billion in funding to date with other investors in the company including Accel and Menlo.
OpenRouter — $1.3 billion. This startup, founded in 2023, has created a platform offers software called an AI gateway that let’s an AI app use a variety of LLMs, depending on its need. It last raised a $113 million Series B in a round led by CapitalG, according to Pitchbook. Other investors in the round include Andreessen Horowitz and Sequoia. It has raised around $163 million in funding to date.
Granola — $1.5 billion. This AI-powered note taking app last raised a $125 million Series C in a round led by Index Ventures and Kleiner Perkins, according to Pitchbook. The company has raised $192 million in funding to date, with other investors including Sequoia and Lightspeed.
Hark — $6 billion. Founded in 2025, this startup is building consumer hardware devices with “personal intelligence” that can talk, hear, and remember. It last raised a $700 million Series A in a round led by Parkway Venture Capital, with other investors in the company including Nvidia and Salesforce Ventures, according to Pitchbook. It has raised around $759 million in funding to date.
Dash0 — $1 billion. Founded in 2023, this observability platform last raised a $110 million Series B in a round led by Balderton Capital. The company has raised around $154 million in funding to date from other investors including Accel, according to Pitchbook.
Valar Atomics — $2 billion. Founded in 2023, this atomic energy company last raised $450 million in a round led by Day One Ventures. It has raised around $600 million in funding to date from investors including that work at companies like Palantir and Lockheed Martin, according to Pitchbook.
Frore Systems — $1.64 billion. This startup, founded in 2018, creates cooling systems for chips and AI devices. It last raised a $143 million Series D in a round led by MVP Ventures, according to Pitchbook. The company has raised around $373 million in funding to date, with other investors including Addition and Qualcomm Ventures.
February
Positron — $1 billion: This AI semiconductor startup was founded in 2023 and announced a $230 million Series B in February. It’s now raised more than $300 million in funding to date from investors like Valor Equity Partners and Jump Trading, according to PitchBook.
Skyryse — $1.1 billion: This semi-automated flight operating system, founded in 2016, last raised a $300 million Series C. It has raised more than $540 million in funding from investors like Autopilot Ventures, Fidelity, and Venrock, according to PitchBook.
TRM Labs — $1 billion: This platform helps crypto businesses investigate and prevent fraud. It was founded in 2018 and last raised a $70 million Series C. It has raised around $219 million in funding to date from investors like Bessemer Venture Partners and PayPal Ventures, according to PitchBook.
Midi Health — $1 billion: This telemedicine platform aimed at menopausal health was founded in 2021. It last raised a $100 million Series D. It has raised more than $250 million in funding to date from investors like GV and Emerson Collective, according to PitchBook.
Lunar Energy — $1 billion: This company makes batteries for homeowners to store their own energy. Founded in 2020, Lunar Energy last raised a $102 million Series D. It has raised more than $230 million in funding to date from investors like B Capital and Prelude Ventures, according to PitchBook.
Bedrock Robotics — $1.8 billon: This AI-powered system lets construction equipment operate without much human control. Founded in 2024 by a former Waymo employee, it last raised a $270 million Series B. It has raised $350 million in funding to date from investors like 8VC and Valor Equity Partners, according to PitchBook.
Fundamental — $1.4 billion: This AI Lab offering foundational models is designed to analyze large datasets. Founded in 2024, it last raised a $255 million Series A. The bulk of it comes from the firm Oak HC/FT, according to PitchBook.
Goodfire — $1.3 billion: This company is building tools to help researchers inspect and understand how AI models work. Founded in 2013, it last raised a $150 million Series B, according to PitchBook.
Iterative Health — $1.4 billion: This medical research company, focused on the digestive system, was founded in 2017 and last raised a $75 million Series C. It has raised more than $270 million in funding to date from investors like Insight Partners and Obvious Ventures, according to PitchBook.
Oxide — $1.6 billion: This company builds cloud infrastructure so companies can run their own private cloud inside their own data center. It was founded in 2019 and last raised a $200 million Series C. It has raised more than $360 million in funding to date from the U.S. Innovative Technology Fund and Eclipse, according to PitchBook.
Solace — $1 billion: This healthcare marketplace, founded in 2022, last raised a $130 million Series C. It has raised more than $200 million in funding to date from investors, including Menlo Ventures, according to PitchBook.
Garner — $1.4 billion: This company uses data to help patients find better doctors. Founded in 2019, it last raised a $118 million Series D and has raised $179 million in funding to date from investors like Rounders Fund and Redpoint Ventures, according to PitchBook.
Apptronik — $5.3 billion: This humanoid robotics company, founded in 2016, last raised a $935 million Series A from investors like B Capital Group and Capital Factory. It has raised $935 million in funding to date, according to PitchBook.
Talkiatry — $1.4 billion: This startup is trying to make psychiatric services more accessible to patients and providers. It was founded in 2019 and last raised a $210 million Series D. It has raised almost $430 million in funding to date from investors like Andreessen Horowitz and Left Lane Capital, according to PitchBook.
Erebor Bank — $4 billion: Founded in 2025 by Palmer Luckey, this bank specializes in working with crypto clients. It last raised a $635 million seed round from investors like Lux Capital, according to PitchBook.
Render — $1.5 billion: This cloud app hosting company, tuned for AI and agentic apps, was founded in 2018. It last raised a $100 million Series C1 round and has raised more than $250 million in funding to date from investors like General Catalyst and Bessemer Venture Partners, according to PitchBook. Render won the TechCrunch Startup Battlefield competition in 2019.
ZaiNar — $1 billion: Founded in 2017, this company offers wireless location tracking technology to physical assets like vehicles and drones. It last raised a $100 million Series A and has raised around $118 million in funding to date from investors like SoftBank Investment Advisers and AME Cloud Ventures, according to PitchBook.
Code Metal — $1.3 billion: This AI coding assistant platform, founded in 2023, last raised a $125 million Series B. It has raised more than $170 million in funding to date from investors like Salesforce and J2 Ventures, according to PitchBook.
Flapping Airplanes — $1.5 billion: This AI research lab was founded in 2025 and last raised $180 million in seed funding, valuing it at $1.5 billion. It has funding from investors like Index Ventures and GV, according to PitchBook.
Profound — $1 billion: This SEO platform is designed to help companies show up in AI search answers. Founded in 2024, it last raised a $96 million Series C at a $1 billion valuation. It has raised around $148 million in funding to date from investors, including Sequoia and Lightspeed Venture Partners, according to PitchBook.
Basis — $1.1 billion: Founded in 2023, this accounting automation software last raised a $100 million Series B at a $1.1 billion valuation. It has raised more than $130 million in funding to date from investors such as Khosla Ventures and Accel, according to PitchBook.
January
Aalyria — $1.3 billion: Founded in 2021, this AI-powered orchestration software, spun out of Google, last raised a $100 million Series B, valuing the company at $1.3 billion. Investors in the company include Battery Ventures and J2 Ventures. It has raised $130 million to date, according to PitchBook.
Gecko — $1.8 billion: This AI and robotics company, founded in 2013, last raised a $125 million Series D, valuing the company at $1.8 billion. It has raised more than $300 million in funding to date, from investors including Founders Fund and Cox Enterprises, according to PitchBook.
Arena — $1.7 billion: This AI platform helps business leaders make decisions. It was founded in 2022 and last raised a $150 million Series A, valuing the company at $1.7 billion. The company has raised $250 million in funding to date, from investors including Andreessen Horowitz and Felicis, according to PitchBook.
humans& — $4.5 billion: This AI research lab, which focuses on creating AI that collaborates with humans, last raised a $480 million seed round led by SV Angel and Georges Harik, per Crunchbase.
webAI — $2.5 billion: This company lets organizations build their own private enterprise models. It was founded in 2019 and last raised an undisclosed Series A round, per PitchBook.
Tandem — $1 billion: This company helps doctors effectively fill prescriptions. Founded in 2013, it last raised a $100 million Series B from investors including Accel, per PitchBook and Crunchbase.
Higgsfield — $1.3 billion: Launched in 2023, this generative AI video startup, founded by an ex-Snap executive, raised a $180 million Series A, per Crunchbase.
Pomelo Care — $1.7 billion: Founded in 2021, this virtual maternity care company last raised a $92 million Series C, valuing the company at $1.7 billion. It has raised more than $170 million to date from investors, including Andreessen Horowitz and First Round Capital, according to PitchBook.
Rain — $1.9 billion: This crypto wallet company, founded in 2021, last raised a $250 million Series C. It has raised $338 million to date from investors, including Lightspeed Venture Partners and ICONIQ Capital, according to PitchBook.
Deepgram — $1.3 billion: This voice AI infrastructure company lets software communicate with humans. It was founded in 2015 and last raised a $143 million Series C at a $1.3 billion valuation. It has raised more than $240 million in funding to date from investors like VC and Tiger Global Management, according to PitchBook.
Alpaca — $1.1 billion: Founded in 2013, this API and crypto brokerage platform last raised a $150 million Series D, giving it a $1.1 billion valuation. It has raised more than $340 million in funding to date from investors like Tribe Capital and Drive Capital, according to PitchBook.
Tulip — $1.3 billion: This platform helps factories monitor their operations using data and insights. It last raised a $120 million Series D and has raised more than $270 million in funding to date. Investors include Insight Partners, New Enterprise Associates, and Vertex Ventures US, according to PitchBook.
Preply — $1.2 billion: This language learning platform last raised a $150 million Series D at a $1.2 billion valuation, led by WestCap. The company has raised nearly $300 million to date, with investors including Owl Ventures and Full-In Partners.
Upscale AI — $1 billion: This AI infrastructure company last raised a $200 million Series A, giving it a $1 billion valuation. It was founded in 2025 and has raised $300 million in funding to date from investors like Tiger Global Management and Xora Innovation, according to PitchBook.
GlossGenius — $1.1 billion: This software helps enterprises handle appointments. It was founded in 2015 and last raised a $44 million Series D, giving it a $1.1 billion valuation. It has raised around $115 million in funding to date from investors, including Bessemer Venture Partners and Imaginary Ventures, according to PitchBook.
Recursive Intelligence — $4 billion: This AI-powered chip design startup, founded in 2025, last raised a $300 million Series A, giving it a $4 billion valuation. It has raised around $335 million in funding to date, from investors like Lightspeed Venture Partners and Sequoia Capital, according to PitchBook.
Varda — $1.6 billion: This company mines raw materials from space for product use on Earth. It last raised a $250 million Series D, giving it a $1.6 billion valuation. It has raised more than $570 million in funding to date from investors like Founders Fund, Khosla Ventures, and Lux Capital, according to PitchBook.
PaleBlueDot AI — $1 billion: Founded in 2013, this company helps developers manage GPU computing by using AI agents and automation. It last raised a $150 million Series B, giving it a $1 billion valuation. It has raised $160 million in funding to date from investors like B Capital Group and Sky Arc Capital, according to PitchBook.
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