Latest AI, Biotech & Fintech Raises

TECH IN THE NEWS

Satellite iPhones — Apple is investing $1.1B into satellite services provider GlobalStar in a bid to expand satellite services for the iPhone.

Nvidia on DJI — Intel will be replaced by rival chipmaker Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run.

Crypto ETF Surge — Inflows to bitcoin ETFs notched net inflows of $917.2M on Wednesday, the biggest one-day increase since March, as traders bet on a Trump win.

Fed x Elections — Federal Reserve Chair Powell could impact the economy at an uncertain time when he delivers his November post-meeting press conference just days after the election when the result may not yet be certain.

Data Center Energy Risks — US regulators have raised questions about co-locating data centers at power plants due to costs and reliability concerns.

AI Is Booming — And These Stocks Are Set To Skyrocket

AI is reshaping the future, and the market’s buzzing with opportunity. The big players are making moves, and if you want a piece of the action, now’s the time. Trading Tips has cut through the noise to pinpoint the 10 AI stocks that are primed to skyrocket.

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DEALS WE’RE WATCHING
Closed Deals:

MASSIVE DEALS

Customer Experience AI — Turkish AI marketing unicorn Insider raised a $500M Series E led by General Atlantic to personalize customer UX across platforms.

Customizable AI Service Chatbots — Sierra, a San Francisco AI agent startup co-founded by Bret Taylor, raised $175M, at a value of $4.5B led by Greenoaks.

Inflammatory Disease Treatments — Palo Alto biotech startup Evommune raised a $115M Series C co-led by RA Capital and Sectoral , with B Capital, RTW, NEXTBio, EQT Life Sciences and more.

Eco Building Materials — Michigan vacuum-insulated glass startup LuxWall raised a $51M Series B led by Climate Investment and Barclays Sustainable Impact Capital with Breakthrough, Prelude, Khosla, and more joining.

AI Property Management — Miami/Israel startup DoorLoop raised a $100M Series B from JMI Equity to automate tenancy & maintenance for landlords.

MID-SIZE DEALS

AI Contact Centers — New York AI software startup Regal closed a $40M Series B led by Emergence with Founder Collective and Homebrew also contributing.

AI Agent Surveillance — San Francisco AI video business surveillance startup Spot AI raised $31M from Qualcomm, GSBackers, MVP , and Cheyenne.

High-Temp Energy Storage — San Diego thermochemical storage startup Redoxblox raised a $30M Series A extension led by Prelude, joined by previous investors Breakthrough and Khosla.

Solar Energy DePIN — Blockchain startup Glow raised $30M co-led by Framework and Union Square, to power DePIN solar energy economies.

Autonomous Warehouses — Union City, CA autonomous forklifts startup Third Wave Automation raised a $27M Series C led by Woven, with previous investors Innovation Endeavors, Norwest, and Qualcomm.

SMALLER DEALS

AI Open-World Gaming — San Francisco stealth AI research lab Decart emerged fwith a real-time AI video game and a $21M seed led by Sequoia with Zeev joining.

AI Antibody Medicines — Biotech startup Archon raised a $20M seed to advance AI biomolecule design to enhance antibody treatments.

Earth Imaging Sensors — LA advanced aerospace sensors startup Matter Intelligence raised a $12M seed round led by Lowercarbon , joined by Toyota, Pear, Mark Cuban, and E2MC.

SMB Financial Management — San Francisco startup Tola raised a $10.2M seed round led by Sequoia with Cherry, Creandum, RTP Global, Founders, YC, and more.

On-Demand Financial Market Data — Salt Lake City institutional market data startup Databento, raised a $10M Series A extension. from Belvedere, Clear Street, and Lightscape.

Personalized Mortgages — DC personalized loan guidance startup Further raised a $4.1M pre-seed round from Link, Vesta, and Fidi Ventures.

Exit Watch:

Terran Orbital Corporation — A satellite manufacturing startup has been acquired by Lockheed Martin to advance its Space and aerospace systems unit.

Run.ai — The EU has temporarily blocked Nvidia's planned ~$700M acquisition of the Israeli AI computing resource management startup.

Pixelmator — Apple has acquired the 17-year-old image editing app known for its capabilities in photo retouching and graphic design.

Netskope IPO — The 12-year-old California cloud security company is planning to go public next year. It has raised $1.4B from Social Capital, Lightspeed, and Accel.

Companies to Watch:

Kalshi — The predictions marketplace has boomed during the elections, trading ~$200M in a month. It has now secured tens of millions in loans from VCs, and is now eyeing a $50M+ round.

Cyera — The Israeli Cybersecurity unicorn has benefited from recent data breaches. It recently acquired Trail Security for $162M and is now raising at a $3B valuation.

Abridge — The medical AI startup hit $50M in ARR from subscription revenue and is raising $250M at a valuation of $2.5B pre-money led by Elad Gil and IVP with Alphabet’s CapitalG participating.

Eon — Founders exited their last company with a sale to Amazon, now Eon aims to reinvent cloud infrastructure backups. It’s raised a total of $127M across three rounds this year at a $750M valuation from Sequoia, Lightspeed and more.

The Funding Buzz

MaC VC — The firm has raised a $150M Fund III focused on backing seed-stage startups including those in Africa. Notable investments include Chef Robotics.

Crosscut Ventures — The VC launched a new $100M fund focused on "frontier tech" supporting companies in climate software, space hardware, and other innovative technologies.

BBG Ventures — The firm established a new $60M fund to support founders from diverse backgrounds across gender, race, age, and class.

The European Innovation Council — The fund will allocate $1.5B to European deep tech research and startups next year, a ~€200M budget increase over 2024.