Top News

Trucks Venture Capital raises $70 million third fund to back pre-seed and seed transportation startups.

Samsung plans to roll out a home robot in 1H 2025.

Bankruptcies, closures, and fraud: FreightWaves recaps top stories from a brutal year for trucking.

Massive Fundings

KoBold Metals, a 7-year-old Berkeley, CA startup that uses AI to discover mineral deposits, raised a $537.0 million Series C led by Durable Capital Partners and T. Rowe Price. More here.

Inari, a 9-year-old Cambridge, MA startup that provides a seed engineering platform, raised a $144.0 million financing from Abu Dhabi Investment Authority, Hanwha Impact, NGS Super, State of Michigan Retirement System, and Flagship Pioneering. More here.

XOCEAN, an 8-year-old County Louth, Ireland startup that provides ocean data using uncrewed vessels, raised a $120.0 million financing led by S2G Ventures with participation from Climate Investment and Morgan Stanley. More here.

Serve Robotics (NAS: SERV), an 8-year-old Redwood City, CA startup that provides next-generation robots for last-mile delivery services, raised an $80.0 million PIPE. More here.

Interstellar Technologies, a 20-year-old Taiki cho, Japan startup that produces launch rockets, raised a $44.3 million financing led by Toyota. More here.

Gridware, a 5-year-old Walnut Creek, CA startup that provides an energy grid management and troubleshooting platform, raised a $26.4 million Series A led by Sequoia Capital with participation from Convective Capital, Fifty Years, Lowercarbon Capital, and True Ventures. More here.

Mid-Size Fundings

Parsyl, a 9-year-old Denver, CO startup that provides marine cargo insurance, raised a $20.0 million Series C led by The Lightsmith Group with participation from HSCM Ventures, GLP Capital Partners, Lineage Ventures, and FirstTracks Ventures. More here.

Fermata, a 7-year-old Herzliya, Israel startup that provides a computer vision-based plant disease detection platform, raised a $10.0 million Series A led by Raw Ventures. More here.

Biosphere, a 3-year-old Oakland, CA startup that provides a biomanufacturing platform, raised an $8.8 million Seed led by Lowercarbon Capital and VXI Capital with participation from Founders Fund, GS Futures, Caffeinated Capital, and B37 Ventures. More here.

Karman Industries, a 1-year-old Los Angeles, CA startup that provides an industrial thermal energy electrifying platform intended to reduce onsite scope emissions, raised a $7.5 million Seed with participation from Riot Ventures, Space VC, Wonder Ventures, and 8090 Industries. More here.

Alta Resource Technologies, a 2-year-old Boulder, CO startup that provides a rare earth metal recycling platform, raised a $5.1 million Seed led by DCVC and Voyager Ventures with participation from Orion Industrial Ventures, Overture, and WovenEarth Ventures. More here.

Smaller Fundings

WayCool, a 10-year-old Chennai, India startup that provides a fresh produce supply chain platform, raised a $4.5 million Series B led by Trifecta Capital with participation from Alteria Capital and Stride Ventures. More here.

Hyperfox, a 2-year-old Hasselt, Belgium startup that provides an AI-powered order processing platform, raised a $3.3 million Seed from Volta Ventures, JK Invest, LRM, and Birdhouse Ventures. More here.

Tangible, a 4-year-old San Francisco, CA startup that provides a carbon tracking platform for builders, raised a $3.0 million financing led by Prologis Ventures and Pi Labs with participation from Foundamental, Silence VC, and RE Angels. More here.

Revie, a 1-year-old Riyadh, Saudi Arabia startup that provides a home renovation management platform, raised a $2.5 million Seed led by Sanabil Venture Studio. More here.

ReNile, an 8-year-old Cairo, Egypt startup that provides a real-time crop monitoring platform, raised a $450K financing. More here.

Exits

Swift Energy Technology (KLS: 0337), a 24-year-old Shah Alam, Malaysia company that provides engineering design services to oil & gas companies, raised $680.0 million in an IPO that valued the company at $2.2 billion. More here.

IPI Partners, a 9-year-old Chicago, IL company that invests in and develops data centers, was acquired by Blue Owl Capital for $1.0 billion. More here.

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