Fireworks AI and Wonder: Record Fundraising Rounds

The 10 Biggest Funding Rounds of the Week

1. Fireworks AI, $1.5 billion, AI tools for businesses

Fireworks AI, an innovative company specializing in the development of artificial intelligence tools, recently raised an impressive $1.505 billion in a Series D funding round. This funding was led by Atreides Management, Index Ventures, and TCV, allowing Fireworks AI to reach a valuation of $17.5 billion. Based in San Mateo, California, the company focuses on transforming general models into specialized AI solutions, trained on the proprietary data of its client companies.

2. Wonder, $650 million, meals and delivery

Wonder, a company specializing in kitchen and meal delivery services, successfully raised $650 million in its Series D funding round. This funding was achieved with a pre-money valuation of $9 billion. The capital raised will enable the company, which currently operates from 140 locations in New York, to expand its operations and enhance its services.

3. Chai Discovery, $400 million, AI in life sciences

Chai Discovery, a startup that uses artificial intelligence for drug discovery, secured $400 million in a Series C funding round. This funding round, led by Index Ventures with participation from Sequoia Capital, Dimension, Kleiner Perkins, and other investors, allowed Chai Discovery to reach a valuation of $3.8 billion.

4. Walden Robotics, $300 million, robots

Walden Robotics, a startup based in Cambridge, Massachusetts, that develops versatile robots for the manufacturing and logistics sectors, raised $300 million. This funding was led by Toyota and Deviation Capital, resulting in a valuation of $1.1 billion for the company.

5. Brinc, $125 million, drones

Brinc, a Seattle-based company specializing in the development of drones for public safety and emergency operations, raised $125 million. This funding round was led by Motorola Solutions, with participation from Index Ventures and Figma founder and CEO Dylan Field.

6. (tie) TerraFirma, $100 million, construction automation

TerraFirma, a company based in Austin, develops autonomous software and robotic technologies for the construction industry. It secured $100 million in new funding, bringing its total investment to $115 million.

6. (tie) Spectro Cloud, $100 million, AI for businesses

Spectro Cloud, a provider of AI infrastructure management software, raised over $100 million in a Series D round led by Goldman Sachs Alternatives. This funding brings the total capital raised by the San Jose-based company to $260 million.

8. Singularity, $80 million, defense technology

Singularity, a startup focused on developing air defense technologies, emerged with $80 million in Series A funding. This round was led by Khosla Ventures and Felicis 1, establishing a valuation of $400 million for the Los Angeles-based company.

9. (tie) Flex, $70 million, fintech

Flex, a San Francisco-based fintech startup, offers a private banking platform for high-net-worth business owners. It raised $70 million in a Series B1 funding round led by Halo Fund, following a $60 million Series B funding in December.

9. (tie) State Affairs, $70 million, AI and politics

State Affairs, a platform using AI for politics and regulation, secured $70 million in Series A funding. This round was led by Khosla Ventures and Founders Fund.

These funding rounds were tracked in the Crunchbase database for the period from July 11 to July 17. While most of the announced rounds are included in this database, there may be a slight time lag, as some rounds are reported late in the week.