As the end of the year draws nearer, startups all over the world are racing to start the new year with their fundraises locked in. In fact, November brought a wave of funding activity that we think is worth paying attention to.
So, which companies fundraised in November? Here are the ten funding rounds that caught our eye…
Anysphere
Anysphere, the company that created the AI coding assistant Cursor, this month raised a huge $2.3 billion, bringing its valuation up to $29.3 billion.
Cursor has become highly popular for its ability to read a developer’s code and suggest any extra lines or amendments. It also uses multiple language models, meaning developers have full flexibility.
This has led it to very quickly grow in popularity and has driven the rise of vibe coding, where developers no longer have to write every line of code but are able to describe what they want and let the AI build it.
Who led the round? Accel and Coatue with participation from Thrive Capital and DST Global.
Find them at:
Lambda
Lambda, a company that helps businesses train and deploy AI models, announced its $1.5 billion Series E raise this month. Lambda also made headlines back in February with its $480 million raise, as well as earlier in November when it announced a multi-billion dollar partnership with Microsoft to manage data centres powered by Nvidia chips.
Who led the round? TWG Global
Find them at: lambda.ai
Armis
Armis, a cybersecurity company has raised $435 million in a pre-IPO funding round, citing a valuation of $6.1 billion.
Founded in 2016, the company helps businesses protect all of their assets, both on and offline. And according to The SaaS news, Armis currently works with over 40% of the Fortune 100, including 7 of the Fortune 10.
No surprise then that the company is gearing up for a big IPO.
Who led the round? Growth Equity at Goldman Sachs Alternatives
Find them at: www.armis.com
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Luma AI
Earlier this month, Luma AI closed a $900 million Series C round, bringing its valuation up to $4 billion per CNBC.
Lume AI is a video generation startup that allows people to build ultra-realistic 3D AI generated videos from text or images.
Who led the round? HUMAIN
Find them at: luma.ai
Braveheart Bio
Coming to market strong, Braveheart Bio recently announced their $185 million Series A raise as they set out to develop a ‘best in class’ treatment for a heart condition called hypertrophic cardiomyopathy, as well as other related conditions.
With their drug entering Phase 3 clinical trials, it certainly has the potential to make a big splash in the medical industry.
Who led the round? Andreessen Horowitz, Forbion, and OrbiMed.
Find them at: braveheart.bio
Skims
Kim Kardashian’s shapewear company Skims recently announced a $225 million funding round, skyrocketing its valuation to $5 billion.
Since its launch, the company has gone from strength to strength, including expecting to pass $1 billion in sales in 2025 according to The Business Journals.
With the money from the raise, the company will open even more stores around the world, allowing it to continue expanding quickly.
Who led the round? Goldman Sachs
Find them at: skims.com
CHAOS Industries
CHAOS industries, a defence company that helps warfighters detect threats, raised $510 in a new funding round, bringing its valuation up to $4.5 billion.
As the defence tech industry becomes more popular, CHAOS’s sensing and timing technology has allowed them to provide huge value to the US and allied forces. Now, it’s looking to expand its range of technology by creating the fastest, most reliable timing and detection technology available.
Who led the round? Valor Equity Partners
Find them at: chaosinc.com
Kalshi
This month, Kalshi announced a $300 million series D funding round in order to fuel its expansion. The app works by allowing users to trade on the outcome of events, calling itself a ‘prediction market for trading the future’.
Now, Kalshi is looking to expand globally and continue growing its network of users.
Who led the round? Andreessen Horowitz (a16z) and Sequoia Capital
Find them at: kalshi.com
Kraken
Crypto exchange Kraken announced earlier this year that it raised $800 million at a valuation of $2 billion.
The company, which was founded in 2011, looks like it’s moving ever-closer to an IPO after growing exponentially over the last few years.
Who led the round? Jane Street, DRW Venture Capital, HSG, Oppenheimer Alternative Investment Management and Tribe Capita
Find them at: kraken.com
Suno
AI music startup Suno, which helps anyone create AI generated music through describing what they want, raised a $250 million Series C round, leading it to a $2.45 billion valuation.
Operating on a subscription model, the company has gone from strength to strength, despite also battling lawsuits around AI copyright. Now, Suno is looking to grow even further and continue creating AI music.
Who led the round? Menlo Ventures
Find them at: suno.com
