The 11 Largest US Funding Rounds of July 2025 – AlleyWatch

Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from July 2025. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.

🚀 REACH US TECH LEADERS

The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. Learn More →

11. Perplexity $100.0MRound: VentureDescription: San Francisco-based Perplexity is an AI-powered answer engine designed to provide accurate, real-time responses to user queries. Founded by Andy Konwinski, Aravind Srinivas, Denis Yarats, and Johnny Ho in 2022, Perplexity has now raised a total of $1.3B in total equity funding and is backed by Bessemer Venture Partners, NVIDIA, Accel, New Enterprise Associates, and IVP.Investors in the round: IVP, New Enterprise Associates, NVIDIA, SoftBank Vision FundIndustry: Artificial Intelligence (AI), Chatbot, Generative AI, Machine Learning, Natural Language Processing, Search EngineFounders: Andy Konwinski, Aravind Srinivas, Denis Yarats, Johnny HoFounding year: 2022Total equity funding raised: $1.3B

11. Substack $100.0MRound: Series CDescription: San Francisco-based Substack is a subscription-based newsletter publishing platform for independent writers. Founded by Christopher Best, Hamish McKenzie, and Jairaj Sethi in 2017, Substack has now raised a total of $200.2M in total equity funding and is backed by Andreessen Horowitz, Bond, Y Combinator, Quiet Capital, and TCG.Investors in the round: Andreessen Horowitz, Bond, Jens Grede, Rich Paul, TCGIndustry: Content Creators, Media and Entertainment, News, Publishing, Subscription ServiceFounders: Christopher Best, Hamish McKenzie, Jairaj SethiFounding year: 2017Total equity funding raised: $200.2M

11. Harmonic $100.0MRound: Series BDescription: Palo Alto-based Harmonic develops mathematical reasoning engine designed to tackle complex mathematical problems using AI technology. Founded by Tudor Achim and Vlad Tenev in 2023, Harmonic has now raised a total of $175.0M in total equity funding and is backed by Sequoia Capital, Paradigm, Index Ventures, Kleiner Perkins, and GreatPoint Ventures.Investors in the round: Charlie Cheever, Index Ventures, Kleiner Perkins, Paradigm, Ribbit Capital, Sequoia CapitalIndustry: Artificial Intelligence (AI), EdTech, SoftwareFounders: Tudor Achim, Vlad TenevFounding year: 2023Total equity funding raised: $175.0M

11. Oxide Computer Company $100.0MRound: Series BDescription: Emeryville-based Oxide Computer Company is a maker of server racks for on-premises compute infrastructure. Founded by Bryan Cantrill, Jessie Frazelle, and Steve Tuck in 2019, Oxide Computer Company has now raised a total of $194.0M in total equity funding and is backed by Eclipse Ventures, Rally Ventures, US Innovative Technology Fund, Counterpart Ventures, and Riot Ventures.Investors in the round: Counterpart Ventures, Eclipse Ventures, Intel Capital, Rally Ventures, Riot Ventures, Strike Capital, US Innovative Technology FundIndustry: Cloud Infrastructure, Embedded Systems, Hardware, Information Technology, SoftwareFounders: Bryan Cantrill, Jessie Frazelle, Steve TuckFounding year: 2019Total equity funding raised: $194.0M

10. Reka AI $110.0MRound: Series BDescription: Sunnyvale-based Reka AI is an AI research and product company that develops multimodal AI solutions to advance science and build generative AI models. Founded by Cyprien de Masson d’Autume, Dani Yogatama, Mikel Artetxe, Qi Liu, and Yi Tay in 2022, Reka AI has now raised a total of $170.0M in total equity funding and is backed by NVIDIA, Snowflake, Radical Ventures, DST Global, and Snowflake Ventures.Investors in the round: NVIDIA, SnowflakeIndustry: Artificial Intelligence (AI), Generative AI, Information Technology, SoftwareFounders: Cyprien de Masson d’Autume, Dani Yogatama, Mikel Artetxe, Qi Liu, Yi TayFounding year: 2022Total equity funding raised: $170.0M

9. Fal $125.0MRound: Series CDescription: San Francisco-based Fal is a generative media platform that helps developers create applications using AI models. Founded by Burkay Gur and Gorkem Yurtseven in 2021, Fal has now raised a total of $197.0M in total equity funding and is backed by Andreessen Horowitz, Bessemer Venture Partners, Village Global, Salesforce Ventures, and First Round Capital.Investors in the round: Andreessen Horowitz, Bessemer Venture Partners, First Round Capital, Google AI Futures Fund, Kindred Ventures, Meritech Capital Partners, Notable Capital, Salesforce Ventures, Shopify Ventures, Unusual Ventures, Village GlobalIndustry: Artificial Intelligence (AI), Developer Platform, Information Technology, Machine LearningFounders: Burkay Gur, Gorkem YurtsevenFounding year: 2021Total equity funding raised: $197.0M

💡 CONNECT WITH TECH INNOVATORS

There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including developing prominent brand placement and driving demand generation. Learn More →

8. Armada $131.0MRound: VentureDescription: San Francisco-based Armada provides modular data centers and edge compute solutions. Founded by Dan Wright and Jonathan Runyan in 2022, Armada has now raised a total of $239.0M in total equity funding and is backed by Valor Equity Partners, Founders Fund, 8VC, Shield Capital, and Lux Capital.Investors in the round: 8090 Industries, Felicis, Founders Fund, Glade Brook Capital Partners, Lux Capital, M12 – Microsoft’s Venture Fund, Marlinspike Capital, Overmatch Ventures, Pinegrove Capital Partners, Shield Capital, Silent Ventures, VeritenIndustry: Artificial Intelligence (AI), Cloud Computing, Data Center, SoftwareFounders: Dan Wright, Jonathan RunyanFounding year: 2022Total equity funding raised: $239.0M

7. Anaconda $150.0MRound: Series CDescription: Austin-based Anaconda is an open-source distribution of the Python and R programming languages for data science that simplifies package management. Founded by Hugo Shi, Peter Wang, and Travis Oliphant in 2012, Anaconda has now raised a total of $233.0M in total equity funding and is backed by General Catalyst, Insight Partners, Mubadala Capital, Citi Ventures, and Snowflake Ventures.Investors in the round: Insight Partners, Mubadala CapitalIndustry: Analytics, Artificial Intelligence (AI), Big Data, Cloud Infrastructure, Enterprise Software, Machine Learning, Open SourceFounders: Hugo Shi, Peter Wang, Travis OliphantFounding year: 2012Total equity funding raised: $233.0M

7. Motive $150.0MRound: VentureDescription: San Francisco-based Motive is a fleet management and driver safety platform that helps improve the safety, productivity, and profitability of fleet operations. Founded by Obaid Khan, Ryan Johns, and Shoaib Makani in 2013, Motive has now raised a total of $717.3M in total equity funding and is backed by BlackRock, Insight Partners, Index Ventures, Kleiner Perkins, and IVP.Investors in the round: AllianceBernstein, Kleiner PerkinsIndustry: Artificial Intelligence (AI), Business Intelligence, Fleet Management, Logistics, SaaS, Software, TransportationFounders: Obaid Khan, Ryan Johns, Shoaib MakaniFounding year: 2013Total equity funding raised: $717.3M

7. Vanta $150.0MRound: Series DDescription: San Francisco-based Vanta is a trust management platform that automates compliance and risk management. Founded by Christina Cacioppo and Erik Goldman in 2018, Vanta has now raised a total of $503.0M in total equity funding and is backed by Pear VC, Sequoia Capital, South Park Commons, Craft Ventures, and Wellington Management.Investors in the round: Atlassian Ventures, Craft Ventures, CrowdStrike, Goldman Sachs Growth Equity, JP Morgan Chase, Sequoia Capital, Wellington Management, Y CombinatorIndustry: Artificial Intelligence (AI), Compliance, Cyber Security, Internet, SoftwareFounders: Christina Cacioppo, Erik GoldmanFounding year: 2018Total equity funding raised: $503.0M

7. MaintainX $150.0MRound: Series DDescription: San Francisco-based MaintainX provides a CMMS/EAM platform that streamlines maintenance, work orders, and asset management for industrial and frontline teams. Founded by Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengere-Gosselin, and Nick Haase in 2018, MaintainX has now raised a total of $253.8M in total equity funding and is backed by Bessemer Venture Partners, Bain Capital Ventures, D. E. Shaw & Co., Amity Ventures, and Sozo Ventures.Investors in the round: Amity Ventures, August Capital, Bain Capital Ventures, Bessemer Venture Partners, D. E. Shaw & Co., Dave McJannet, Fifth Down Capital, Founders Circle Capital, Rahul Mehta, Sozo VenturesIndustry: Asset Management, B2B, Information Technology, Mobile, SaaSFounders: Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengere-Gosselin, Nick HaaseFounding year: 2018Total equity funding raised: $253.8M

6. Observe $156.0MRound: Series CDescription: San Mateo-based Observe offers an observability cloud solution to accelerate the transformation of troubleshooting applications and resolving incidents. Founded by Jacob Leverich, Jon Watte, Jonathan Trevor, Mike Speiser, and Philipp Unterbrunner in 2017, Observe has now raised a total of $463.0M in total equity funding and is backed by Alumni Ventures, Madrona, Human Capital, Evolution Equity Partners, and Snowflake Ventures.Investors in the round: Alumni Ventures, Capital One Ventures, Madrona, Snowflake Ventures, Sutter Hill VenturesIndustry: Analytics, Business Information Systems, Data Integration, Information Technology, SaaSFounders: Jacob Leverich, Jon Watte, Jonathan Trevor, Mike Speiser, Philipp UnterbrunnerFounding year: 2017Total equity funding raised: $463.0M

5. Varda $187.0MRound: Series CDescription: El Segundo-based Varda is a space manufacturing startup that creates products in microgravity and retrieves them for terrestrial use. Founded by Daniel Marshall, Delian Asparouhov, and Will Bruey in 2021, Varda has now raised a total of $328.0M in total equity funding and is backed by General Catalyst, Alumni Ventures, Khosla Ventures, Founders Fund, and Lux Capital.Investors in the round: Also Capital, Caffeinated Capital, Founders Fund, Khosla Ventures, Lux Capital, Natural Capital, Shrug CapitalIndustry: Aerospace, Manufacturing, Product DesignFounders: Daniel Marshall, Delian Asparouhov, Will BrueyFounding year: 2021Total equity funding raised: $328.0M

📈 ENGAGE DECISION MAKERS

Build thought leadership among the vast majority of key decision-makers in the business community and beyond through AlleyWatch’s trusted platform. Learn More →

4. OpenEvidence $210.0MRound: Series BDescription: Cambridge-based OpenEvidence provides AI-powered medical search and clinical decision support. Founded by Daniel Nadler and Zachary Ziegler in 2021, OpenEvidence has now raised a total of $317.0M in total equity funding and is backed by Sequoia Capital, Thrive Capital, Kleiner Perkins, Conviction Partners, and Coatue.Investors in the round: Coatue, Conviction Partners, GV, Kleiner Perkins, Sequoia Capital, Thrive CapitalIndustry: Artificial Intelligence (AI), Clinical Trials, Medical, SaaSFounders: Daniel Nadler, Zachary ZieglerFounding year: 2021Total equity funding raised: $317.0M

3. Ambience Healthcare $243.0MRound: Series CDescription: San Francisco-based Ambience Healthcare develops an AI operating system used for documentation, coding, and clinical workflows in healthcare organizations. Founded by Michael Ng and Nikhil Buduma in 2020, Ambience Healthcare has now raised a total of $319.3M in total equity funding and is backed by Andreessen Horowitz, Oak HC/FT, Georgian, Kleiner Perkins, and Town Hall Ventures.Investors in the round: Andreessen Horowitz, Founders Circle Capital, Frist Cressey Ventures, Georgian, Kleiner Perkins, Oak HC/FT, OpenAI Startup Fund, Optum Ventures, Smash Capital, Town Hall VenturesIndustry: Artificial Intelligence (AI), Health Care, Information Technology, MedicalFounders: Michael Ng, Nikhil BudumaFounding year: 2020Total equity funding raised: $319.3M

2. Replit $250.0MRound: Series CDescription: Foster City-based Replit is the most secure agentic platform for production-ready apps. Founded by Amjad Masad, Faris Masad, and Haya Odeh in 2016, Replit has now raised a total of $472.0M in total equity funding and is backed by Andreessen Horowitz, South Park Commons, Khosla Ventures, Craft Ventures, and Y Combinator.Investors in the round: Prysm CapitalIndustry: Artificial Intelligence (AI), Cloud Computing, Developer Tools, Information Technology, SoftwareFounders: Amjad Masad, Faris Masad, Haya OdehFounding year: 2016Total equity funding raised: $472.0M

2. Bilt Rewards $250.0MRound: VentureDescription: New York-based Bilt Rewards is a payments and commerce network that allows users to earn points on rent and HOA payments payments. Founded by Ankur Jain and David Wyler in 2021, Bilt Rewards has now raised a total of $813.3M in total equity funding and is backed by General Catalyst, Wells Fargo, Fifth Wall, United Wholesale Mortgage, and Eldridge Industries.Investors in the round: General Catalyst, GID, United Wholesale MortgageIndustry: FinTech, Loyalty Programs, Real Estate, Rental PropertyFounders: Ankur Jain, David WylerFounding year: 2021Total equity funding raised: $813.3M

1. Ramp $500.0MRound: Series EDescription: New York-based Ramp is a financial operations platform designed to save companies time and money Founded by Eric Glyman, Gene Lee, and Karim Atiyeh in 2019, Ramp has now raised a total of $1.8B in total equity funding and is backed by General Catalyst, Citi, Stripe, BoxGroup, and Sequoia Capital.Investors in the round: 137 Ventures, 8VC, Altimeter Capital, Avenir, Citi, Coatue, D1 Capital Partners, Definition, Emerson Collective, Founders Fund, General Catalyst, GIC, GV, ICONIQ Capital, Khosla Ventures, Lightspeed Venture Partners, Lux Capital, Operator Collective, Pinegrove Capital Partners, Sands Capital Ventures, Sequoia Capital, Stripe, Sutter Hill Ventures, T. Rowe Price, Thrive CapitalIndustry: Finance, Financial Services, FinTechFounders: Eric Glyman, Gene Lee, Karim AtiyehFounding year: 2019Total equity funding raised: $1.8B