Two AI startups take two of the top three spots again this week. OK, they are more AI-adjacent companies, but being related to what is the hottest...
Health, Wellness & Biotech
The 10 Biggest Rounds Of May: AI And Biotech Startups Get Big Bucks, Led By Anthropic And ElevateBio
AI again led the way, but biotech had a huge month on our list of the largest funding deals to U.S.-based startups in May.
Tech鈥檚 biggest software developers, chipmakers and hyperscalers have paid attention 鈥� and money 鈥� to AI for years, per 91精品 data.
The week can be summed up pretty succinctly by just saying AI and biotech.
BBy, a Y Combinator startup that condenses breast milk into Cheetos powder-like dust announced a $3 million seed funding round led by Pioneer Fund.
ElevateBio, a Massachusetts-based gene therapy startup, announced $401 million in Series D funding.聽
The company plans on using its funding to expand out of Germany and into new markets.
After several weeks of just having one or two rounds of nine figures, this week saw an explosion. Eight rounds hit $100 million or more as big rounds...
So far this year, several AI-focused companies have announced tie-ups with SPACs spanning sectors including education, diagnostics and data...
Last year, it took $109 million to grab the 10th spot on this list 鈥� this week it took only $12 million. We know the salad days of 2021 are long...
Avestria Ventures' Linda Greub offers insider insight on the topic.
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