Top 10 Startup and Tech Funding News for the Week Ending June 13, 2025

Scale AI, a provider of training data and model evaluation tools for AI, announced a massive strategic investment from Meta valued at $14.3 billion. The deal, which vaults Scale’s valuation to $29 billion, is set to deepen the partnership between the startup and Meta.

As part of the deal, Scale’s founder Alexandr Wang will join Meta to work on AI initiatives, signaling that the funding will accelerate Scale’s platform growth and integration with Meta’s AI efforts. The capital infusion positions Scale AI to expand its data infrastructure and continue serving as a key resource for enterprises developing AI models.

Startup: Scale AI

Investors: Meta (strategic investment)

Amount Raised: $14.3 billion

Total Raised: Not disclosed (strategic partnership)

Funding Stage: Strategic investment (corporate partnership)

Funding Date: June 13, 2025

Cyera, a data security startup, raised a $540 million Series E round to fuel its AI-driven platform that helps enterprises protect sensitive data. The New York- and Tel Aviv-based company uses artificial intelligence to identify and secure data across cloud environments, addressing modern cybersecurity challenges.

The hefty funding will enable Cyera to scale its operations and R&D as it eyes a larger share of the data security market amid growing demand for automated cloud data protection solutions.

Founded in 2021 by Yotam Segev (CEO) and Tamar Bar-Ilan (CTO), Cyera was built by two alumni of Israel’s elite Talpiot program and former officers in the military’s cyber intelligence unit, Unit 8200.  The company raised $300 million in November at a $3 billion valuation. In the last 18 months alone, the company says it’s grown its Fortune 500 customer base by 353%, entered 10 new markets, and doubled its headcount to nearly 800 employees worldwide. So far, it has raised $1.3 billion and seen its valuation climb 12x.

Startup: Cyera

Investors: Georgian, Greenoaks, Lightspeed Venture Partners (among others)

Amount Raised: $540 million

Total Raised: $1.3 billion

Funding Stage: Series E

Funding Date: June 13, 2025

Geothermal energy startup Fervo Energy obtained $206 million in new financing to continue building what is expected to be the world’s largest enhanced geothermal power plant in Utah. The Houston-based company drills ultra-deep wells to tap high-temperature heat for 24/7 emission-free power, a solution attracting interest as a reliable green energy source for data centers and grids. The fresh funds – a combination of equity and project debt – will help Fervo complete the 100 MW first phase of its Cape Station plant by next year and expand capacity fivefold by 2028. This financing underscores investor confidence that Fervo’s technology is nearing commercial viability for scalable clean energy.

Startup: Fervo Energy

Investors: Breakthrough Energy Catalyst (lead $100 M equity), Mercuria (additional $60 M debt), X-Caliber Rural Capital (bridge financing)

Amount Raised: $206 million (equity and debt)

Total Raised: Over $700 million (approx.)

Funding Stage: Project financing (growth round)

Funding Date: June 13, 2025

Multiverse Computing, a Spanish AI startup, announced an unusually large €189 million Series B (about $215 million) to scale its “CompactifAI” technology for slimming down large language models. The company’s platform uses quantum-inspired algorithms to compress AI models by up to 95% without performance loss, dramatically cutting costs and enabling deployment on smaller devices.

Multiverse Computing combines ideas from quantum physics and machine learning to achieve these results, though the tech doesn’t require a quantum computer. It’s built to mimic how quantum systems behave, but runs on classical hardware.

With this funding, Multiverse plans to broaden the lineup of supported models and grow its global customer base, helping industries run advanced AI on everything from phones to drones. The raise reflects strong investor belief in Multiverse’s approach to make AI more efficient and widely accessible.

Startup: Multiverse Computing

Investors: Bullhound Capital (lead), with participation from HP Tech Ventures, Toshiba, Santander Climate VC, and others

Amount Raised: €189 million (≈ $215 million)

Total Raised: Not disclosed (first large round)

Funding Stage: Series B

Funding Date: June 13, 2025

Enterprise AI startup Glean secured $150 million in a Series F round led by Wellington Management, boosting its valuation to $7.2 billion. Glean’s platform allows employees to search across workplace apps and databases using natural language, acting as an AI-powered assistant for company knowledge. The Palo Alto-based company has surpassed $100 million in annual recurring revenue by enabling faster information discovery and workflow automation. The new funding, coming less than a year after a big Series E, will fuel product development and global expansion as Glean aims to be the go-to AI assistant for enterprise productivity.

Startup: Glean

Investors: Wellington Management (lead), with participation from Khosla Ventures, Bicycle Capital, Geodesic Capital, and others

Amount Raised: $150 million

Total Raised: $610 million (since early 2024)

Funding Stage: Series F

Funding Date: June 13, 2025

Munich-based Proxima Fusion closed a monumental €130 million Series A round (about $148 million) to develop its stellarator-based nuclear fusion reactors. Co-led by Balderton Capital and Cherry Ventures, the funding positions Proxima as Europe’s top contender in the race to achieve commercial fusion power. The startup, a spin-off leveraging Germany’s advanced stellarator research, aims to deliver clean, virtually limitless energy without uranium fuel. The fresh capital brings Proxima’s total funding to over €185 million (~$200 M) and will accelerate its reactor design work and hiring as it strives to turn fusion from a “distant dream” into a viable source of carbon-free baseload energy

Startup: Proxima Fusion

Investors: Balderton Capital (co-lead), Cherry Ventures (co-lead), with participation from UVC Partners, Future Capital, and others

Amount Raised: €130 million (≈ $148 million)

Total Raised: €185 million (≈ $200 million)

Funding Stage: Series A

Funding Date: June 13, 2025

Pittsburgh-based Gecko Robotics raised $125 million in a Series D financing that values the company at $1.25 billion. Led by Cox Enterprises, the round propels the industrial robotics firm to unicorn status. Gecko develops wall-climbing robots and AI software that inspect critical infrastructure like power plants, factories, and defense systems for maintenance issues.

The new capital will help Gecko scale production of its robots and expand into more industries and regions, at a time when aging infrastructure and safety demands are driving the need for automated inspection technologies. With this raise, Gecko has garnered roughly $229 million in total funding to date.

Startup: Gecko Robotics

Investors: Cox Enterprises (lead), with participation from US Innovation Technology Fund, XN, Founders Fund, and others

Amount Raised: $125 million

Total Raised: ~$229 million

Funding Stage: Series D

Funding Date: June 13, 2025

Clay, a sales automation startup, quietly raised a Series C round at an approximate $3 billion valuation in a deal led by Alphabet’s growth fund CapitalG. The New York-based company provides AI-powered tools to help sales teams discover leads and automate outreach with personalized emails. Clay’s platform is used by thousands of customers – from tech giants to small agencies – to streamline go-to-market workflows with data and generative AI. While the Series C amount was not disclosed, the lofty valuation reflects Clay’s rapid growth since pivoting to AI-driven sales enablement. The funding will allow Clay to scale its platform further and potentially offer liquidity to employees after its previous secondary share sale.

Startup: Clay

Investors: CapitalG (lead), with existing backers like Sequoia, Meritech Capital, First Round Capital, among others

Amount Raised: Not disclosed

Total Raised: Not disclosed

Funding Stage: Series C

Funding Date: June 13, 2025

Mosanna Therapeutics, a biopharmaceutical startup based in Silicon Valley and Switzerland, emerged with $80 million in initial funding to tackle obstructive sleep apnea. The company is developing a first-of-its-kind nasal spray therapy for sleep apnea as an alternative to cumbersome CPAP machines. The round was co-led by Pivotal bioVenture Partners and EQT Life Sciences, reflecting strong investor appetite for novel sleep disorder solutions. Mosanna plans to use the funds to advance its nasal spray through clinical trials and regulatory steps, aiming to improve life for millions of apnea sufferers with a simpler, patient-friendly treatment.

Startup: Mosanna Therapeutics

Investors: Pivotal bioVenture Partners (co-lead), EQT Life Sciences (co-lead), and other biotech investors

Amount Raised: $80 million

Total Raised: $80 million (initial funding)

Funding Stage: Series A (initial funding)

Funding Date: June 13, 2025

Coco Robotics, a startup operating a fleet of small self-driving delivery robots, has raised $80 million in new funding to accelerate its last-mile logistics services. The Santa Monica-based company, known for its cooler-sized sidewalk robots, counts prominent backers like Sam Altman among its investors. The funding round, which includes SNR.vc, Pelion Venture Partners, and Outlander VC, will support Coco’s plans to deploy 10,000 autonomous delivery vehicles by 2026. Coco’s robots are already partnering with food delivery platforms to reduce costs and congestion in urban deliveries. This capital infusion will help the startup expand to new markets and refine its robotic tech as demand for contact-free delivery grows.

Startup: Coco Robotics

Investors: SNR.vc, Sam Altman, Pelion Venture Partners, Outlander VC (notable participants)

Amount Raised: $80 million

Total Raised: $80 million (approximate, to date)

Funding Stage: Undisclosed (venture funding round)

Funding Date: June 13, 2025

San Francisco-based Canary Technologies raised an $80 million Series D to help hotels digitize and automate their guest experience workflows. Founded in 2018, Canary offers a suite of tools for hoteliers—from mobile check-in and digital payments to AI-powered guest communications—that streamline operations and elevate the guest experience. The round was led by Brighton Park Capital and brings Canary’s total funding to roughly $177 million.

Canary will use the new capital to grow its team and expand its product offerings, as it already serves over 20,000 hotels across 100+ countries. With travel rebounding, the company is poised to help more hotels modernize operations and meet rising guest expectations.

Startup: Canary Technologies

Investors: Brighton Park Capital (lead), with participation from Y Combinator, Insight Partners, F-Prime Capital, and others

Amount Raised: $80 million

Total Raised: $177 million

Funding Stage: Series D

Funding Date: June 13, 2025

Tebi, a new Amsterdam-based fintech startup for the hospitality industry, secured a €30 million (~$34 million) funding round led by CapitalG. Co-founded by Arnout Schuijff (Adyen’s former CTO), Tebi provides restaurants, bars, and hotels with a subscription platform to manage payments, reservations, inventory, and more in one place. By combining POS, booking, and analytics functions, the startup aims to save small businesses time and streamline their operations. This investment, which also saw Index Ventures participate, comes just eight months after Tebi’s earlier €20 million round and brings its total funding to €56 million. The new capital will support Tebi’s expansion across Europe, adding AI features to its software, and eventually launching in the U.S.

Startup: Tebi

Investors: CapitalG (lead), Index Ventures (participant)

Amount Raised: €30 million (≈ $34 million)

Total Raised: €56 million (≈ $64 million)

Funding Stage: Series B

Funding Date: June 13, 2025

London-based Definely, an AI-driven legal tech startup, closed a $30 million Series B funding to make drafting and reviewing contracts more efficient. Founded by two former lawyers, Definely’s software helps legal professionals quickly navigate complex contracts, insert standard clauses, and catch errors using machine learning. The Series B was backed by a mix of European and North American investors, led by growth fund Revaia, with Alumni Ventures and Beacon Capital participating. Building on a prior $7 million Series A, Definely will use the new capital to expand into the U.S. market (already 30% of its revenue) and to enhance its AI “Enhance” agents that integrate with Microsoft Word. The goal is to further alleviate the drudgery of contract reviews for legal teams worldwide.

Startup: Definely

Investors: Revaia (lead), Alumni Ventures, Beacon Capital (among others)

Amount Raised: $30 million

Total Raised: ~$37 million

Funding Stage: Series B

Funding Date: June 13, 2025

Landbase, an “AI sales” startup, secured a $30 million Series A to automate outbound marketing and outreach campaigns. The San Francisco-based company, founded by AppDirect co-founder Daniel Saks, uses GPT-4-powered agents trained on data from 40 million marketing campaigns to personalize and scale businesses’ go-to-market messaging. The round was co-led by Ashton Kutcher’s Sound Ventures and Picus Capital, with participation from 8VC, A* Capital, and Firstminute Capital.

Landbase plans to use the funds to grow its customer base (already 100+ paying companies) and enhance its platform’s AI capabilities. By building trust and automating outreach “vibes,” Landbase aims to help startups and enterprises alike generate leads and revenue more efficiently.

Startup: Landbase

Investors: Sound Ventures (co-lead), Picus Capital (co-lead), with 8VC, A* Capital, Firstminute Capital participating

Amount Raised: $30 million

Total Raised: Not disclosed

Funding Stage: Series A

Funding Date: June 13, 2025

Los Angeles-based Warp, a tech-powered middle-mile logistics startup, raised $10 million in Series A funding to scale its AI-driven freight network. The round was co-led by Up.Partners and Blue Bear Capital, bringing Warp’s total funding to $22 million since its 2021 launch. Warp operates a network of 50 warehouse cross-dock hubs and thousands of carrier vehicles, using intelligent software agents to optimize how shipments move from supplier to store. Uniquely, the company is building a fully robotic freight sorting facility and extensively using automation instead of adding headcount. With this infusion, Warp will expand its AI systems and launch its flagship robotic cross-dock site, aiming to redefine freight handling efficiency by blending robotics, AI, and real-time data into a self-orchestrating supply chain.

Startup: Warp

Investors: Up.Partners (co-lead), Blue Bear Capital (co-lead)

Amount Raised: $10 million

Total Raised: $22 million

Funding Stage: Series A

Funding Date: June 13, 2025

Slovenia’s Sunrise Robotics came out of stealth with $8.5 million (approximately €7.3 million) in seed funding to bring intelligent automation to small manufacturers. Led by venture firm Plural, the round will help Sunrise expand its team across Europe and enhance its AI-driven robotic cells for factory tasks.

Sunrise’s solution uses dual-arm robots equipped with advanced sensors, which are trained in virtual simulations of a customer’s workspace before deployment. This approach dramatically cuts the cost and time of automation, making it up to ten times faster and cheaper to implement than traditional industrial robots.

With letters of intent from over 10 clients in electronics, automotive, and battery manufacturing, Sunrise’s goal is to fill the gap for high-mix, mid-sized producers who, until now, found automation inaccessible. The seed funding will fuel production of its first robot fleets and grow the company’s footprint as it seeks to alleviate Europe’s skilled factory labor shortage.

Startup: Sunrise Robotics

Investors: Plural (lead), with Tapestry VC, Seedcamp, Tiny.vc, and Prototype Capital participating

Amount Raised: $8.5 million (Seed round)

Total Raised: $8.5 million

Funding Stage: Seed

Funding Date: June 13, 2025

Funding Summary Table