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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 deal roundup here.
Busy week, big checks, lots of AI and robotics. That, in ultra-brief synopsis form, characterized the general startup fundraising environment this week. Notably, the two largest global rounds were U.K.-based Nscale and Paris-based Advanced Machine Intelligence, which raised $2 billion and $1.03 billion, respectively.
In the U.S., meanwhile, e-commerce platform Quince, AI networking developer Nexthop AI and industrial automation startup Mind Robotics each picked up $500 million.
1. (tied) Quince, $500M, e-commerce: Quince, an online fashion and home goods retailer with an affordable luxury theme, said it secured $500 million in Series E financing led by Iconiq Capital. The round sets a $10.1 billion post-money valuation for the 8-year-old, San Francisco-based company.
1. (tied) Nexthop AI, $500M, AI infrastructure: AI networking startup Nexthop AI raised $500 million in Series B funding led by Lightspeed Venture Partners, with Andreessen Horowitz joining as a major investor alongside other backers. The Santa Clara, California-based company develops switching technology built on open-source operating systems for AI and cloud networking.
1. (tied) Mind Robotics, $500M, robotics: Rivian spin-out Mind Robotics closed on a $500 million Series A round, co-led by Accel and Andreessen Horowitz. The Palo Alto, California-based company is developing an AI-enabled industrial robotics platform, with a focus on automating industrial and manufacturing tasks at scale.
4. Rhoda AI, $450M, robotics: Palo Alto, California-based robotics startup Rhoda AI emerged from stealth with $450 million in Series A funding reportedly led by Premji Invest. The startup trains robots using hundreds of millions of videos to develop intelligent models for operating in complex and changing environments.
5. Replit, $400M, AI software creation: Replit, an agentic AI software creation platform, picked up $400 million in Series D funding at a $9 billion valuation, up from $3 billion just six months ago. Georgian led the financing for the Foster City, California-based company, joined by a long list of venture and celebrity investors.
6. (tied) Eridu, $200M, AI networking: AI startup Eridu emerged from stealth with over $200 million in a newly announced Series A round led by Socratic Partners, John Doerr, Hudson River Trading, Capricorn Investment Group and Matter Venture Partners. Saratoga, California-based Eridu develops a high-performance network switch for AI data centers.
6. (tied) Axiom Math AI, $200M, artificial intelligence: Palo Alto, California-based Axiom Math AI, a developer of AI systems that can perform automated verification of computer code, raised $200 million in Series A funding at a $1.6 billion valuation. Menlo Ventures led the round, joined by Madrona, Greycroft, B Capital and Toyota Ventures.
8. Sunday, $165M, robotics: Sunday, a startup planning a beta launch for a household robot called Memo later this year, raised $165 million in Series B funding. Coatue led the financing, which set a $1.15 billion valuation for the Mountain View, California-based company.
9. Kai, $125M, cybersecurity: San Jose, California-based Kai, developer of an agentic AI cybersecurity platform, announced that it secured $125 million in funding led by Evolution Equity Partners.
10. Oro Labs, $100M, procurement: Oro Labs, developer of a procurement platform for enterprise customers, raised $100 million in Series C funding. Brighton Park Capital and Goldman Sachs Growth Equity led the financing, which the company said follows a year of 300% revenue growth.
Global financings
The week’s largest rounds went to European startups.
Nscale, $2B, AI infrastructure: Nscale, an AI infrastructure hyperscaler, secured $2 billion in Series C funding. Aker and 8090 Industries led the financing, which set a $14.6 billion valuation for the London-based company.
Advanced Machine Intelligence, $1.03B, artificial intelligence: Advanced Machine Intelligence, a startup co-founded by computer science pioneer and former Meta AI chief Yann LeCun, said it has raised $1.03 billion to develop “world models,” or AI designed to learn from and interact with the physical world. The funding for the Paris-based company represents the largest seed round ever for a European startup.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the period of March 7-13. 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.
Illustration: Dom Guzman
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