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Investors Set Their Sights on Space and Defense

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2025’s Largest Startup Funding Deals: Key Highlights

As we move through 2025, it’s essential to stay updated on significant funding events within the startup ecosystem. Our latest report dives into the substantial venture capital investments exceeding $100 million for U.S.-based companies. This week’s focus highlights the top funding rounds that have captured the attention of investors.

Weekly Overview of Major Funding Rounds

The past week has indicated a notable interest from investors, particularly in the space and defense sectors. This has been complemented by significant funding in cybersecurity, healthcare, and data orchestration, underscoring a diverse venture landscape.

Top 10 Funding Wins

  1. Chaos Industries
    Funding: $275M, Sector: Defense
    Chaos Industries recently secured $275 million in a Series C funding round, quickly following a $145 million Series B. With this new investment led by Accel and New Enterprise Associates, the company has achieved a valuation of $2 billion. Chaos Industries specializes in detection and monitoring technologies essential for both defense and commercial sectors.
  2. True Anomaly
    Funding: $260M, Sector: Space
    Based in Centennial, Colorado, True Anomaly has successfully raised $260 million in its Series C round, led by Accel. Known for developing space security systems, this startup has amassed a total of $418 million in funding since its inception in 2022.
  3. Apex
    Funding: $200M, Sector: Space
    Following a $95 million Series B, Apex has closed a $200 million Series C round. This Los Angeles-based firm focuses on mass-producing satellite components to address the increasing demand from clients, including the U.S. Department of Defense. Total funding now stands at $322 million.
  4. Persona
    Funding: $200M, Sector: Cybersecurity
    Persona raised $200 million in its Series D funding, co-led by Founders Fund and Ribbit Capital, achieving a valuation of $2 billion. This San Francisco company specializes in verified identity solutions for businesses and has raised nearly $418 million since its founding in 2018.
  5. Cast AI
    Funding: $108M, Sector: Software Development
    Miami-based Cast AI has successfully raised $108 million in its Series C, led by G2 Venture Partners and SoftBank Vision Fund. The company, which assists in automating workloads—particularly for Kubernetes—has a total funding of $181 million since its 2019 establishment.
  6. Veza
    Funding: $108M, Sector: Cybersecurity
    Veza closed a $108 million Series D funding round, led by New Enterprise Associates. The Redwood Shores company focuses on identity security and reported more than doubling its annual recurring revenue last year, bringing its total fundraising to $235 million.
  7. Persivia
    Funding: $107M, Sector: Healthcare
    Based in Marlborough, Massachusetts, Persivia has completed a $107 million recapitalization with Aldrich Capital Partners. The firm’s platform utilizes AI to support healthcare decision-making, making it indispensable for over 200 hospitals nationwide.
  8. Astronomer
    Funding: $93M, Sector: Data Orchestration
    The New York-based startup Astronomer secured $93 million in its Series D funding led by Bain Capital Ventures. Its Astro platform is crucial for automating data workflows, especially significant in the current AI-accelerated landscape.
  9. AssetWatch
    Funding: $75M, Sector: Predictive Analytics
    Columbus-based AssetWatch raised $75 million in its Series C, led by Viking Global Investors. The company specializes in predictive maintenance solutions for the manufacturing sector, totaling $166 million in funding since its inception in 2014.
  10. Utilidata
    Funding: $61.3M, Sector: Artificial Intelligence
    Utilidata from Providence, Rhode Island, has secured $60.3 million in Series C funding led by Renown Capital Partners. The AI-focused platform for the energy industry has raised $95 million since its founding in 2012.

International Funding Landscape

Outside the United States, Singapore’s Thunes demonstrated outstanding performance with a remarkable $150 million Series D fundraise, further strengthening the global funding landscape.

Methodology

This report highlights the largest announced funding rounds recorded in the Crunchbase database from April 26 to May 2, 2025. Please note that while most rounds are documented, some may experience reporting delays late in the week.

For further details and updates on the latest funding rounds and acquisitions, keep an eye on Crunchbase Daily.

Illustration: Dom Guzman

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