Top News

Kodiak Robotics, the autonomous trucking company, plans to go public via a SPAC at a $2.5 billion valuation.

Archer Aviation announced a plan to transport New Yorkers to the airport via electric air taxis.

Automakers selling cars in China banned from using ‘autonomous driving’ in ads.

Timeline

Massive Fundings

Rescale, a 14-year-old San Francisco, CA startup that provides a comprehensive digital engineering platform, raised a $115.0 million Series D from Applied Ventures, Atika Capital, Foxconn, Hanwha Asset Management Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and Y Combinator. More here.

Optilogic, a 6-year-old Ann Arbor, MI startup that provides a supply chain testing and implementation platform, raised a $40.0 million Series B led by NewRoad Capital Partners with participation from MK Capital and Moore Strategic Ventures. More here.

Parallel Systems, a 5-year-old Los Angeles, CA startup that provides an autonomous electric railcar system, raised a $38.0 million Series B led by Anthos Capital with participation from Collaborative Fund, Congruent Ventures, and Riot Ventures. More here.

Arena AI, a 5-year-old New York, NY startup that provides an AI platform for hardware testing and optimization, raised a $30.0 million Series B led by Initialized Capital, Fifth Down Capital, and Goldcrest Capital with participation from Founders Fund, Shield Capital, and Garuda Ventures. More here.

Mid-Size Fundings

Garuda Aerospace, a 10-year-old Chennai, India startup that produces aerial drones, raised an $11.0 million Series B led by Venture Catalysts. More here.

Glimpse, a 5-year-old New York, NY startup that provides deduction management for CPG brands, raised a $10.0 million Series A led by 8VC with participation from Y Combinator, Origin Ventures, Informed Ventures, and Allison Pickens. More here.

Zero Industrial, a 1-year-old Charleston, SC startup that produces thermal energy storage systems, raised a $10.0 million Series A led by Evok Innovations with participation from Rusheen Capital Management. More here.

Faume, a 6-year-old Paris, France startup that provides a resale platform for fashion brands, raised a $9.1 million financing led by Amundi Private Equity Transition Juste with participation from Daphni and Bpifrance. More here.

Eratani, a 4-year-old Jarkarta, Indonesia startup that provides a digital operations platform for farmers, raised a $6.2 million Series A led by Clay Capital with participation from SBI Venture, TNB Aura, AgFunder, Genting Ventures, and IIX. More here.

Magma, a 3-year-old Gujarat, India startup that provides a factory operations platform, raised a $5.0 million Series A led by Capria Ventures with participation from Avinya Ventures, Sanjiv Rangrass, General Catalyst, Accion Venture Lab, and WEH Ventures. More here.

Smaller Fundings

Pax, a 1-year-old San Francisco, CA startup that provides an AI-powered duty drawback platform, raised a $4.5 million Seed led by Initialized Capital with participation from Sancus, Basis Set, Soma Capital, General Catalyst, Transpose, and ZVC1. More here.

Cosmic Robotics, a 2-year-old San Francisco, CA startup that provides AI-driven robotics for solar installation, raised a $4.0 million Seed led by Giant Ventures with participation from MaC Venture Capital and HCVC. More here.

Esgrid, a 2-year-old Tallinn, Estonia startup that provides a supplier risk assessment platform, raised an undisclosed Seed Extension led by 2C Ventures with participation from Startup Wise Guys, Greenco Ventures, and Lemonade Stand. More here.

Chorus, a 2025-founded supply chain visibility platform, raised an undisclosed financing from Series X Capital after spinning out of Alphabet’s Moonshot Factory. More here.

Exits

FreeNow, a 16-year-old Hamburg, Germany startup that provides a ride hailing platform, was acquired for $197.0 million by Lyft. More here.

Yodel, a 15-year-old Liverpool, UK startup that provides parcel delivery services in the UK, was acquired for $140.0 million by InPost. More here.

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-Greg