Growthink Capital Research tracked $4.36 billion in new venture funding in June 2023, a little increase compared to the $4.3 billion tracked in May 2023.
The month’s biggest funding event belonged to Inflection AI ($1300 million) an artificial intelligence-based platform designed to improve human-computer interaction enabling clients to have a seamless experience in understanding machine language
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Six companies raised $100 million or more in June. Other than Inflection AI, the other companies that raised the most are as follows:
- Blackpoint Cyber ($190 million) a cybersecurity solution and platform designed to offer patented lateral spread detection and network visualization enabling customers the opportunity to reduce the product stack and the ability to detain cyber threats early in a breach before they can spread.
- Runway ($141 million) a creative tool designed to bring the benefits of artificial intelligence to creative projects enabling artists, designers, and filmmakers to get an intuitive and simple visual interface.
- Typeface ($100 million) a Generative AI Platform designed to provide AI content maximizing creativity, productivity, and customer impact, providing businesses with an updated technology that drives quality and brand-personalized content lifecycle development at speed and scale.
- Celestial AI ($100 million) a data center and edge AI computing technology designed to serve deep learning and machine learning applications enabling clients to deliver superior AI acceleration hardware and software alternatives.
- Cyera ($100 million) a data storing and security platform designed to prevent breaches and catch risks enabling organizations to manage and protect all of their company’s sensitive data.
The hottest sectors for funding during the month were A.I./Machine Learning, Biotech, Cybersecurity, Healthtech, and Financial Software.
Key funding events in each of these sectors for the month are below:
- A.I./Machine Learning deals included Inflection AI ($1300 million), Runway ($141 million), Typeface ($100 million), Celestial AI ($100 million), Primer Technologies ($69 million), Percepto ($67 million), Granica ($45 million), Instabase ($45 million), EliseAI ($35 million), Striveworks ($33 million), Captions ($25 million), Paro ($25 million), MindsDB ($25 million), Blackbird ($20 million), Fero Labs ($15 million), Beaconcure ($14 million), Laudio ($13 million), MatrixSpace ($10 million), Kibsi ($9.3 million), LlamaIndex ($8.5 million), Albert Invent ($7.5 million), and Telmai ($5.5 million).
- Biotech deals included Presidio Medical ($72 million), AltPep ($53 million), Empress Therapeutics ($50 million), Transition Bio ($50 million), Theradaptive ($26 million), Calidi Biotherapeutics ($25 million), Vernal Biosciences ($20 million), Kanvas Biosciences ($12 million), Neuvivo ($11 million), Invirsa ($7.7 million), and Moat Biotechnology ($6.5 million).
- Cybersecurity deals included Blackpoint Cyber ($190 million), Cyera ($100 million), Unit21 ($45 million), Shift5 ($33 million), Cyware ($30 million), Venn ($29 million), Elastio ($18 million), and Silent Push ($10 million).
- Healthtech deals included DexCare ($75 million), Pomelo Care ($33 million), Medivis ($20 million), RxLightning ($17.5 million), Caraway ($16.8 million), and AvoMD ($5 million).
- Financial Software deals included PayNearMe ($45 million), Betr ($35 million), and Federato ($25 million).
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Take our Fundability Test. If you had additional capital, could you use it to grow your company? Or to fund a liquidity event for you and your shareholders?
We’ve built a unique network of investors looking to invest in companies with the right, key characteristics.
To see if your company has them, take our “Fundability Test.”
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If you’re looking for outside funding to grow your company, please don’t hesitate to call us at (213) 927-3968 or fill out Growthink Capital’s contact form here.
