The 22 Largest US Funding Rounds of May 2026 – AlleyWatch

Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from May 2026. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.

22. Nourish $100.0M

Round: Series CDescription: New York-based Nourish provides insurance-covered online nutrition counseling with registered dietitians for weight management, diabetes, digestive health, eating disorders, and other conditions. Founded by Aidan Dewar, Sam Perkins, and Stephanie Liu in 2021, Nourish has now raised a total of $213.1M in total equity funding and is backed by Menlo Ventures, BoxGroup, Index Ventures, Thrive Capital, and TCV.Investors in the round: Atomico, BoxGroup, Daybreak ventures, Index Ventures, J.P. Morgan Growth Equity Partners, Maverick Ventures, Menlo Ventures, Operator Partners, Thrive Capital, Y CombinatorIndustry: Apps, Health Care, Nutrition, TelehealthFounders: Aidan Dewar, Sam Perkins, Stephanie LiuFounding year: 2021Location: New York, New YorkTotal equity funding raised: $213.1M

22. HavocAI $100.0M

Round: Series ADescription: Providence-based HavocAI develops all-domain collaborative autonomy software for maritime and defense systems, enabling autonomous vessels and distributed mission operations. Founded by Joe Turner and Paul Lwin in 2024, HavocAI has now raised a total of $197.2M in total equity funding and is backed by Alumni Ventures, B Capital, Clear Street, Lockheed Martin, and Outlander VC.Investors in the round: 1900 Wealth, B Capital, Boardman Bay Capital Management, Clear Street, Cobalt Capital, Cohen & Company Capital Markets, J.A. Green & Co., Lockheed Martin, meetperry, Mute Ventures, Outlander VC, SAIC, Scout Ventures, Soren Ventures, Taiwania Capital Management Corporation, The Veteran Fund, UP Partners, Vanderbilt University Office of InvestmentsIndustry: Artificial Intelligence (AI), Manufacturing, Marine Technology, Military, Public SafetyFounders: Joe Turner, Paul LwinFounding year: 2024Location: Providence, Rhode IslandTotal equity funding raised: $197.2M

22. Thea Energy $100.0M

Round: Series BDescription: Kearny-based Thea Energy develops stellarator fusion systems designed to deliver practical commercial fusion power using advanced magnetic confinement technology. Founded by Brian Berzin and David Gates in 2022, Thea Energy has now raised a total of $120M in total equity funding and is backed by Alumni Ventures, Lowercarbon Capital, Hitachi Ventures, Gaingels, and Linse Capital.Investors in the round: Alumni Ventures, Calm Ventures, Climate Capital, Divergent Capital, Emerald Technology Ventures, Gaingels, General Innovation Capital Partners, Hitachi Ventures, Idemitsu Kosan, Linse Capital, Lowercarbon Capital, Mercator Partners, Orion Industrial Ventures, Overlay Capital, Prelude Ventures, Starlight Ventures, Timescale Ventures, US Innovative Technology Fund, What If VenturesIndustry: Clean Energy, Energy, Renewable EnergyFounders: Brian Berzin, David GatesFounding year: 2022Location: Kearny, New JerseyTotal equity funding raised: $120.0M

22. Garner Health $100.0M

Round: Series EDescription: New York-based Garner Health uses doctor quality analytics to help employers guide members to high-performing providers and reduce healthcare costs. Founded by Nick Reber in 2019, Garner Health has now raised a total of $320M in total equity funding and is backed by BoxGroup, Sequoia Capital, Founders Fund, Index Ventures, and Thrive Capital.Investors in the round: Founders Fund, Index Ventures, Kaiser Permanente Ventures, Kleiner Perkins, Redpoint, Sequoia Capital, Thrive CapitalIndustry: Big Data, Business Intelligence, Employee Benefits, Health Care, SoftwareFounders: Nick ReberFounding year: 2019Location: New York, New YorkTotal equity funding raised: $320.0M

21. Corgi Insurance $106.0M

Round: Series BDescription: San Francisco-based Corgi Insurance provides startup-focused business insurance, helping technology companies quote, bind, and manage coverage online. Founded by Emily Yuan and Nico Laqua in 2024, Corgi Insurance has now raised a total of $374.5M in total equity funding and is backed by Alumni Ventures, TCV, SV Angel, Y Combinator, and Gold House.Investors in the round: 8188 Capital, First Order Fund, GSBackers, Kindred Ventures, Leblon Capital, Nordstar, Oliver Jung, Prime Capital, Quadri, Repeat Ventures, TCV, Vocal Ventures, Zone II VenturesIndustry: Artificial Intelligence (AI), Financial Services, Insurance, InsurTechFounders: Emily Yuan, Nico LaquaFounding year: 2024Location: San Francisco, CaliforniaTotal equity funding raised: $374.5M

20. Deep Infra $107.0M

Round: Series BDescription: Palo Alto-based Deep Infra provides serverless inference infrastructure and APIs for running open-source machine learning models at scale. Founded by Georgios Papoutsis, Nikola Borisov, and Yessen Kanapin in 2022, Deep Infra has now raised a total of $153.6M in total equity funding and is backed by NVIDIA, 500 Global, Felicis, Samsung NEXT, and SignalRank.Investors in the round: 500 Global, A.Capital Ventures, BrightCap Ventures, Crescent Cove Advisors, Felicis, Georges Harik, NVIDIA, Peak 6, Samsung NEXT, SignalRank, Supermicro, Upper90Industry: Artificial Intelligence (AI), Developer APIs, IT Infrastructure, Machine LearningFounders: Georgios Papoutsis, Nikola Borisov, Yessen KanapinFounding year: 2022Location: Palo Alto, CaliforniaTotal equity funding raised: $153.6M

19. SendCutSend $110.0M

Round: Series ADescription: Reno-based SendCutSend provides online custom manufacturing services for sheet metal fabrication, laser cutting, CNC routing, bending, finishing, and rapid part production. Founded by Jim Belosic in 2018, SendCutSend has now raised a total of $110M in total equity funding and is backed by Sequoia Capital, Paradigm, Patrick Collison, and John Collison.Investors in the round: John Collison, Paradigm, Patrick Collison, Sequoia CapitalIndustry: Industrial Automation, Laser, Made to Order, Manufacturing, RoboticsFounders: Jim BelosicFounding year: 2018Location: Reno, NevadaTotal equity funding raised: $110.0M

18. OpenRouter $113.0M

Round: Series BDescription: New York-based OpenRouter provides a unified API and marketplace that lets developers access, route, compare, and manage large language models from multiple AI providers. Founded by Alex Atallah, Chris Clark, and Louis Vichy in 2023, OpenRouter has now raised a total of $153M in total equity funding and is backed by Andreessen Horowitz, Menlo Ventures, Sequoia Capital, Transpose Platform Management, and NVentures.Investors in the round: Andreessen Horowitz, CapitalG, Databricks Ventures, Menlo Ventures, MongoDB Ventures, NVentures, ServiceNow Ventures, Snowflake VenturesIndustry: Artificial Intelligence (AI), Information Technology, SoftwareFounders: Alex Atallah, Chris Clark, Louis VichyFounding year: 2023Location: New York, New YorkTotal equity funding raised: $153.0M

17. CREATE Medicines $122.0M

Round: Series BDescription: Cambridge-based CREATE Medicines develops in vivo CAR therapies using mRNA-LNP delivery and targeted receptor technologies to program immune cells inside the body. Founded by Daniel Getts, Ronald Vale, Siddhartha Mukherjee, Thomas Cahill, and Yuxiao Wang in 2019, CREATE Medicines has now raised a total of $245M in total equity funding and is backed by ARCH Venture Partners, 8VC, Hatteras Venture Partners, Alexandria Venture Investments, and Newpath Management.Investors in the round: Alexandria Venture Investments, ARCH Venture Partners, Hatteras Venture Partners, Newpath ManagementIndustry: Biotechnology, Life Science, TherapeuticsFounders: Daniel Getts, Ronald Vale, Siddhartha Mukherjee, Thomas Cahill, Yuxiao WangFounding year: 2019Location: Cambridge, MassachusettsTotal equity funding raised: $245.0M

16. Exaforce $125.0M

Round: Series BDescription: San Jose-based Exaforce develops an agentic security operations platform and managed detection and response service that uses AI to investigate alerts and automate SOC workflows. Founded by Ankur Singla in 2023, Exaforce has now raised a total of $200M in total equity funding and is backed by Peak XV Partners, Khosla Ventures, HarbourVest Partners, Mayfield Fund, and Touring Capital.Investors in the round: AICONIC Ventures, HarbourVest Partners, Khosla Ventures, Mayfield Fund, Peak XV Partners, Seligman VenturesIndustry: Agentic AI, Artificial Intelligence (AI), Cloud Security, Cyber SecurityFounders: Ankur SinglaFounding year: 2023Location: San Jose, CaliforniaTotal equity funding raised: $200.0M

16. Reserv $125.0M

Round: Series CDescription: New York-based Reserv provides a technology-enabled third-party claims administration platform for MGAs and carriers, combining P&C claims operations, analytics, reporting, and AI-driven workflows. Founded by CJ Przybyl, Martha Dreiling, and Oleg Ilichev in 2022, Reserv has now raised a total of $209.1M in total equity funding and is backed by 8VC, Flourish Ventures, Bain Capital Ventures, Anthemis, and Convex Group.Investors in the round: Bain Capital Ventures, Flourish Ventures, Kohlberg Kravis Roberts & Co.Industry: Artificial Intelligence (AI), FinTech, Insurance, Property InsuranceFounders: CJ Przybyl, Martha Dreiling, Oleg IlichevFounding year: 2022Location: New York, New YorkTotal equity funding raised: $209.1M

15. Panthalassa $140.0M

Round: Series BDescription: Portland-based Panthalassa develops ocean-based renewable energy systems designed to generate clean power from offshore environments. Founded by Garth Sheldon-Coulson in 2021, Panthalassa has now raised a total of $140M in total equity funding and is backed by Founders Fund, Lowercarbon Capital, Gigascale Capital, Sozo Ventures, and Supermicro.Investors in the round: Anthony Pratt, Dolik Ventures, Dylan Field, Fortescue Capital, Founders Fund, Future Positive, Gigascale Capital, Hanwha, John Doerr, Leblon Capital, Lowercarbon Capital, Marc Benioff, Nimble Partners, Peter Thiel, PlanetaryVC, Portland Seed Fund, Resilience Reserve, SciFi VC, Sozo Ventures, Supermicro, Susquehanna Sustainable Investments, Time Ventures, Unless, Western Technology Investment, WovenEarth VenturesIndustry: Energy, Renewable Energy, SustainabilityFounders: Garth Sheldon-CoulsonFounding year: 2021Location: Portland, OregonTotal equity funding raised: $140.0M

14. Vi Labs $145.7M

Round: VentureDescription: New York-based Vi Labs provides enterprise AI for healthcare and life sciences organizations, helping teams automate workflows, analyze data, and execute operational processes. Founded by Omri Yoffe in 2011, Vi Labs has now raised a total of $184.7M in total equity funding and is backed by General Atlantic, Revelstoke Capital Partners, Island Green Capital, Savano Capital Partners, and Square Peg Capital.Investors in the round: General Atlantic, Island Green Capital, Pritzker Group Venture Capital, Revelstoke Capital Partners, Savano Capital Partners, Square Peg CapitalIndustry: Agentic AI, AI Infrastructure, Enterprise, Enterprise Software, Fitness, Generative AI, Health Care, Life Science, Pharmaceutical, WellnessFounders: Omri YoffeFounding year: 2011Location: New York, New YorkTotal equity funding raised: $184.7M

13. Farther $150.0M

Round: Series DDescription: San Francisco-based Farther provides an intelligent wealth management platform that combines financial advisors, investment management, planning tools, and technology-enabled client service. Founded by Brad Genser and Taylor Matthews in 2019, Farther has now raised a total of $268M in total equity funding and is backed by General Atlantic, Lightspeed Venture Partners, Khosla Ventures, Bessemer Venture Partners, and Cota Capital.Investors in the round: General AtlanticIndustry: Consulting, Finance, Financial Services, FinTech, Wealth ManagementFounders: Brad Genser, Taylor MatthewsFounding year: 2019Location: San Francisco, CaliforniaTotal equity funding raised: $268.0M

12. RADAR $170.0M

Round: Series BDescription: New York-based RADAR provides RFID-powered retail technology that gives stores real-time item-level inventory visibility, analytics, and operational automation. Founded by Adam Blair, Michael E. Murphy, and Spencer Hewett in 2013, RADAR has now raised a total of $217M in total equity funding and is backed by Y Combinator, Nimble Partners, Colle Capital Partners, NTT DOCOMO Ventures, and Gideon Strategic Partners.Investors in the round: Align Ventures, Gideon Strategic Partners, Nimble PartnersIndustry: Computer Vision, E-Commerce, Retail, Retail Technology, RFIDFounders: Adam Blair, Michael E. Murphy, Spencer HewettFounding year: 2013Location: New York, New YorkTotal equity funding raised: $217.0M

11. Mercury $200.0M

Round: Series DDescription: San Francisco-based Mercury provides online banking, corporate cards, treasury, expense management, and financial workflow tools for startups and growing companies. Founded by Immad Akhund, Jason Zhang, and Max Tagher in 2017, Mercury has now raised a total of $657.1M in total equity funding and is backed by Andreessen Horowitz, Sequoia Capital, SV Angel, TCV, and Coatue.Investors in the round: Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, Spark Capital, TCVIndustry: Accounting, Banking, Credit Cards, Financial Services, FinTechFounders: Immad Akhund, Jason Zhang, Max TagherFounding year: 2017Location: San Francisco, CaliforniaTotal equity funding raised: $657.1M

11. Blitzy $200.0M

Round: Series ADescription: Boston-based Blitzy develops an autonomous software development platform that uses generative AI agents to plan, build, test, and deploy custom software. Founded by Brian Elliott and Siddhant Pardeshi in 2023, Blitzy has now raised a total of $210.4M in total equity funding and is backed by Bessemer Venture Partners, Northzone, Battery Ventures, Link Ventures, and PSG.Investors in the round: Bal Brothers Ventures, Battery Ventures, Defiant, Erie Strategic Ventures, Flybridge, Jump Capital, Liberty Mutual Strategic Ventures, Link Ventures, Morgan Creek Digital, NFX, Northzone, Picus Capital, PSG, Venture GuidesIndustry: Artificial Intelligence (AI), Developer Tools, Enterprise Software, Generative AI, SoftwareFounders: Brian Elliott, Siddhant PardeshiFounding year: 2023Location: Boston, MassachusettsTotal equity funding raised: $210.4M

10. Armada $230.0M

Round: Series BDescription: San Francisco-based Armada provides edge computing infrastructure that combines connectivity, compute, data management, and AI deployment for remote and industrial environments. Founded by Dan Wright, Jonathan Runyan, and Jonathan Runyan in 2022, Armada has now raised a total of $469M in total equity funding and is backed by Founders Fund, BlackRock, Lux Capital, SV Angel, and 137 Ventures.Investors in the round: 8090 Industries, BlackRock, Felicis, Founders Fund, Glade Brook Capital Partners, Johnson Controls, Lux Capital, Marlinspike Capital, Mitsui & Co, NightDragon, Nomi Capital, Overmatch Ventures, Shield Capital, SignalRank, Silent Ventures, Singtel Innov8, VeritenIndustry: Artificial Intelligence (AI), Cloud Computing, Data Center, Procurement, Satellite Communication, SoftwareFounders: Dan Wright, Jonathan Runyan, Jonathan RunyanFounding year: 2022Location: San Francisco, CaliforniaTotal equity funding raised: $469.0M

9. Exa $250.0M

Round: Series CDescription: San Francisco-based Exa provides a web search API, website crawler, and deep research tools built for AI agents and applications that need accurate web context. Founded by Jeffrey Wang and Will Bryk in 2021, Exa has now raised a total of $357M in total equity funding and is backed by Andreessen Horowitz, Lightspeed Venture Partners, NVIDIA, Y Combinator, and Benchmark.Investors in the round: Andreessen Horowitz, QuantumLightIndustry: Artificial Intelligence (AI), Developer APIs, Generative AI, Search Engine, SoftwareFounders: Jeffrey Wang, Will BrykFounding year: 2021Location: San Francisco, CaliforniaTotal equity funding raised: $357.0M

9. Stord $250.0M

Round: Series FDescription: Atlanta-based Stord provides commerce enablement software, fulfillment, transportation, and logistics infrastructure for omnichannel brands. Founded by Jacob Boudreau and Sean Henry in 2015, Stord has now raised a total of $655M in total equity funding and is backed by Franklin Templeton, BoxGroup, Founders Fund, B Capital, and Lux Capital.Investors in the round: Baillie Gifford, Bond, Founders Fund, Franklin Templeton, G Squared, Kleiner Perkins, Lux Capital, Strike CapitalIndustry: E-Commerce, Freight Service, Last Mile Transportation, Logistics, SaaS, Supply Chain ManagementFounders: Jacob Boudreau, Sean HenryFounding year: 2015Location: Atlanta, GeorgiaTotal equity funding raised: $655.0M

8. Cowboy Space $275.0M

Round: Series BDescription: San Carlos-based Cowboy Space develops orbital data centers that use solar power and space-based infrastructure to support AI computing beyond Earth. Founded by Baiju Bhatt in 2024, Cowboy Space has now raised a total of $325M in total equity funding and is backed by Andreessen Horowitz, Index Ventures, Construct Capital, IVP, and New Enterprise Associates.Investors in the round: Andreessen Horowitz, Baiju Bhatt, Blossom Capital, Breakthrough Energy Ventures, Construct Capital, Index Ventures, Interlagos Capital, IVP, NEA, SAIC, SignalRankIndustry: Aerospace, AI Infrastructure, Artificial Intelligence (AI), EnergyFounders: Baiju BhattFounding year: 2024Location: San Carlos, CaliforniaTotal equity funding raised: $325.0M

7. Decart $300.0M

Round: VentureDescription: San Francisco-based Decart develops real-time AI world models that generate interactive video, simulations, and immersive digital environments. Founded by Dean Leitersdorf and Moshe Shalev in 2023, Decart has now raised a total of $456M in total equity funding and is backed by NVIDIA, Sequoia Capital, Radical Ventures, Quiet Capital, and Valor Equity Partners.Investors in the round: Adobe Ventures, Andrej Karpathy, Atreides Management, Benchmark, eBay Ventures, Manhattan Venture Partners (MVP), Michael Eisner, Moritz Baier-Lentz, NVIDIA, Radical Ventures, Sequoia Capital, Toyota Ventures, Valor Equity Partners, Yamauchi-No.10 Family Office, Zeev VenturesIndustry: AI Infrastructure, Artificial Intelligence (AI), Consumer, Gaming, Generative AI, IT Infrastructure, Real TimeFounders: Dean Leitersdorf, Moshe ShalevFounding year: 2023Location: San Francisco, CaliforniaTotal equity funding raised: $456.0M

7. Amca $300.0M

Round: Series BDescription: El Segundo-based Amca acquires and develops aerospace and defense manufacturing suppliers that produce mission-critical aircraft components and engineered parts. Founded by Eli Giovanetti and Jai Malik in 2024, Amca has now raised a total of $376.5M in total equity funding and is backed by Andreessen Horowitz, Lightspeed Venture Partners, Founders Fund, Lux Capital, and Construct Capital.Investors in the round: Andreessen Horowitz, Caffeinated Capital, Construct Capital, House Capital, Lightspeed Venture Partners, Lux Capital, SignalRank, Silent Ventures, Strike CapitalIndustry: Aerospace, Industrial, Manufacturing, Supply Chain ManagementFounders: Eli Giovanetti, Jai MalikFounding year: 2024Location: El Segundo, CaliforniaTotal equity funding raised: $376.5M

7. Astranis $300.0M

Round: Series EDescription: San Francisco-based Astranis develops small geostationary communications satellites designed to provide dedicated broadband capacity for commercial, government, and mobility customers. Founded by John Gedmark and Ryan McLinko in 2015, Astranis has now raised a total of $1B in total equity funding and is backed by Franklin Templeton, Andreessen Horowitz, BoxGroup, BlackRock, and Lux Capital.Investors in the round: Andreessen Horowitz, Baillie Gifford, BAM Elevate, BlackRock Private Equity Partners, Fidelity, Franklin Templeton, Friends & Family Capital, Nimble Partners, Snowpoint VenturesIndustry: Aerospace, GPS, Internet, Satellite Communication, TelecommunicationsFounders: John Gedmark, Ryan McLinkoFounding year: 2015Location: San Francisco, CaliforniaTotal equity funding raised: $1.0B

6. Modal Labs $355.0M

Round: Series CDescription: New York-based Modal Labs provides serverless cloud infrastructure for running AI, machine learning, data processing, batch jobs, and web services without managing servers. Founded by Akshat Bubna and Erik Bernhardsson in 2021, Modal Labs has now raised a total of $465.5M in total equity funding and is backed by General Catalyst, Menlo Ventures, Accel, Gaingels, and Quiet Capital.Investors in the round: Accel, Bain Capital Ventures, General Catalyst, Menlo Ventures, RedpointIndustry: AI Infrastructure, Cloud Computing, Cloud Data Services, Information Technology, Software, Web DevelopmentFounders: Akshat Bubna, Erik BernhardssonFounding year: 2021Location: New York, New YorkTotal equity funding raised: $465.5M

5. Mind Robotics $400.0M

Round: VentureDescription: Palo Alto-based Mind Robotics develops AI-powered robotics systems for industrial and manufacturing environments. Founded by Robert Scaringe in 2025, Mind Robotics has now raised a total of $1B in total equity funding and is backed by Andreessen Horowitz, Accel, SV Angel, Eclipse, and Kleiner Perkins.Investors in the round: A*, Accel, Andreessen Horowitz, Bain Capital Ventures, Eclipse, Garuda Ventures, Greenoaks, Incharge Capital Partners, Kleiner Perkins, Meritech Capital Partners, Prysm Capital, Redpoint, SV AngelIndustry: Artificial Intelligence (AI), Machine Learning, RoboticsFounders: Robert ScaringeFounding year: 2025Location: Palo Alto, CaliforniaTotal equity funding raised: $1.0B

4. Hark $700.0M

Round: Series ADescription: San Jose-based Hark develops personalized AI systems that combine generative AI software and hardware to create adaptive, context-aware user experiences. Founded by Brett Adcock in 2025, Hark has now raised a total of $700M in total equity funding and is backed by NVIDIA, Salesforce Ventures, Brookfield, FJ Labs, and Tamarack Global.Investors in the round: Adam E. Gordon, Align Ventures, AMD Ventures, Apex Capital Holdings, ARK Investment Management, Brookfield, FJ Labs, Greycroft, Intel Capital, Karman Ventures, NVIDIA, Parkway Venture Capital, Prime Movers Lab, Qualcomm Ventures, Salesforce Ventures, Shane Neman, Tamarack GlobalIndustry: Artificial Intelligence (AI), Data Integration, Generative AIFounders: Brett AdcockFounding year: 2025Location: San Jose, CaliforniaTotal equity funding raised: $700.0M

3. Sierra $950.0M

Round: Series EDescription: San Francisco-based Sierra provides an Agent OS that helps enterprises build, deploy, personalize, and optimize AI agents across chat, voice, email, messaging, and other customer experience channels. Founded by Bret Taylor and Clay Bavor in 2023, Sierra has now raised a total of $1.6B in total equity funding and is backed by Sequoia Capital, Thrive Capital, SV Angel, Greenoaks, and Benchmark.Investors in the round: Benchmark, Google Ventures, Greenoaks, Sequoia Capital, Tiger Global ManagementIndustry: Artificial Intelligence (AI), Enterprise Software, SaaS, SoftwareFounders: Bret Taylor, Clay BavorFounding year: 2023Location: San Francisco, CaliforniaTotal equity funding raised: $1.6B

2. Cognition $1.0B

Round: Series DDescription: San Francisco-based Cognition develops Devin, an autonomous AI software engineer that can plan, write, test, debug, and ship production code inside existing engineering workflows. Founded by Russell Kaplan, Scott Wu, Steven Hao, and Walden Yan in 2023, Cognition has now raised a total of $1.9B in total equity funding and is backed by General Catalyst, Founders Fund, Khosla Ventures, South Park Commons, and Pear VC.Investors in the round: 137 Ventures, 8VC, Alpha Wave Global, Atreides Management, Avenir, Bain Capital Ventures, Conversion Capital, Definition, Elad Gil, Founders Fund, General Catalyst, Layer Global, Lux Capital, Omri Casspi, Positive Sum, Ribbit Capital, Soma Capital, Vitruvian PartnersIndustry: Artificial Intelligence (AI), Foundational AI, Generative AI, Information Technology, InternetFounders: Russell Kaplan, Scott Wu, Steven Hao, Walden YanFounding year: 2023Location: San Francisco, CaliforniaTotal equity funding raised: $1.9B

1. Anduril Industries $5.0B

Round: Series HDescription: Costa Mesa-based Anduril Industries develops defense technology across autonomous systems, AI-powered command and control, air defense, counter-drone, maritime, and surveillance platforms for military and national security customers. Founded by Brian Schimpf, Joseph Chen, Matt Grimm, Palmer Luckey, and Trae Stephens in 2017, Anduril Industries has now raised a total of $11.4B in total equity funding and is backed by Andreessen Horowitz, General Catalyst, Lightspeed Venture Partners, Founders Fund, and Craft Ventures.Investors in the round: Andreessen Horowitz, EquiTie, Founders Fund, Lux Capital, Thrive CapitalIndustry: Aerospace, Artificial Intelligence (AI), Drones, Government, Military, National SecurityFounders: Brian Schimpf, Joseph Chen, Matt Grimm, Palmer Luckey, Trae StephensFounding year: 2017Location: Costa Mesa, CaliforniaTotal equity funding raised: $11.4B