Key Takeaways
- • Mirendil, a developer of agentic AI for R&D, led the week's funding with a $1 billion Series A, with Kleiner Perkins and Clearlake Capital leading the round for the San Francisco-based startup.
- • Mercor raised $750 million in Series D funding at a $20 billion valuation, led by a long list of venture investors, to connect AI developers with human experts for model training and evaluation.
- • The vast majority of the week's ten largest U.S. funding rounds were AI-related, according to Crunchbase News, with infrastructure, agentic AI and manufacturing applications leading the list.
- • Torus ($500 million, led by Magnetar Capital), Path Robotics ($300 million at a $2.45 billion valuation, led by Georgian) and LangChain ($300 million at a $3 billion valuation, led by CapitalG) rounded out the top tier.
- • Non-AI activity included Imprint's $130 million fintech round at a $1.9 billion valuation, Delix Therapeutics' $100 million biotech Series C and Databento's $100 million Series C at a $1.1 billion valuation.
Summary
Mirendil, a San Francisco-based developer of agentic AI technology for research and development, secured $1 billion in a Series A round led by Kleiner Perkins and Clearlake Capital, making it the largest round of the week. Mercor, a platform that connects AI developers with human experts for model training and evaluation, raised $750 million in Series D funding. The round set a $20 billion valuation for the San Francisco-based company, which was founded less than four years ago.
Infrastructure was another prominent theme. Salt Lake City-based Torus, a manufacturer of distributed power and compute infrastructure, announced a $500 million growth financing led by Magnetar Capital and introduced Foundry, a modular AI infrastructure product for inference compute. Mavria, which focuses on standardizing how AI infrastructure is developed, built and deployed, publicly launched and said it has raised $130 million in pre-seed and seed funding to date; its latest round, led by Paradigm, set a $1 billion valuation. The company's founders previously worked at the U.S. Department of Energy.
Agentic and applied AI companies also featured prominently. LangChain, which develops a platform to run, improve and govern AI agents, closed $300 million in Series C funding at a $3 billion valuation, led by CapitalG. Path Robotics, which develops physical AI for robotics and manufacturing with initial expertise in welding, raised $300 million in Series E financing led by Georgian at a $2.45 billion valuation. Nominal, a developer of hardware engineering intelligence tools, raised $240 million at a $3 billion valuation led by Lightspeed Venture Partners and Insight Partners. Rox, a San Francisco-based developer of an AI revenue agent for enterprise sales, announced a $100 million Series B led by General Catalyst and March Capital.
Non-AI rounds included Imprint, a payments, loyalty and customer intelligence platform for brands, which raised $130 million at a $1.9 billion valuation led by Khosla Ventures. Delix Therapeutics, a Bedford, Massachusetts-based company developing treatments for psychiatric and psychological disorders, closed $100 million in Series C funding led by Johnson & Johnson Innovation and SV Health Investors' Dementia Discovery Fund. Databento, a financial market data platform based in Salt Lake City, secured $100 million in Series C funding at a $1.1 billion valuation, led by Fifth Down Capital.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.