In February 2025, Growthink Capital Research reported new venture funding of $7.59 billion compared to the $9.07 billion recorded in January.
The month’s biggest funding event belonged to X-Energy ($700 million) a leading developer of advanced SMR and fuel technology for clean energy generation to redefine the nuclear energy industry.
Eighteen companies raised over $100 million in February. Other than X-Energy, the other seventeen companies that raised the most are as follows:
- NinjaOne ($500 million) a cloud-based platform designed to monitor, manage, and support the IT operations of managed service providers, enabling managed service providers and corporate IT departments to deliver business continuity and drive profitability.
- Lambda ($480 million) a Developer of a cloud computing platform designed for large-scale artificial intelligence training and inference. The company’s platform offers servers and workstations pre-configured with common machine learning frameworks, enabling businesses to efficiently train complex models for tasks like natural language processing and drug discovery.
- Apptronik ($350 million) a robotics company intended to deliver and scale a variety of general-purpose robots, enabling industries to address labor shortages, improve job satisfaction by taking over undesirable tasks, and enhance efficiency.
- Truveta ($320 million) a health data platform designed to aggregate data across multiple healthcare systems to provide medical information, enabling researchers to find cures that allow every clinician to be an expert and help families make the most informed decisions about their care.
- Together AI ($305 million) a cloud-based services platform intended to provide a decentralized interface for artificial intelligence, enabling researchers, developers, and companies to leverage and improve artificial intelligence (AI) with intuitive data, models, API, and computation platforms.
- Saronic Technologies ($300 million) an unmanned surface vehicle intended to enhance maritime security and domain awareness, enabling defense and surveillance sectors to achieve comprehensive operational capabilities.
- DDN ($300 million) a data storage and processing infrastructure intended to serve supercharging organizations with innovative technology and unparalleled expertise, enabling businesses, corporate clients, and industrial players to store their digital files in a secure, convenient, effective, and hassle-free manner.
- Kardigan ($300 million) a heart health company, intends to modernize cardiovascular drug development, enabling patients to have access to medicines that will cure their diseases.
- Whatnot ($265 million) a live-streaming platform designed to trade limited-edition toys and collectibles, enabling collectors and enthusiasts to safely buy, sell, and connect.
- Stoke Space ($260 million) a reusable rocket designed to make space access sustainable and scalable, enabling clients to launch space missions and deliver new satellites to space in a sustainable and cost-efficient manner.
- Verkada ($200 million) a cloud-based platform designed to offer enterprise physical security technology, enabling clients to take immediate action to minimize security risks, workplace frustrations, and costly inefficiencies.
- Tidal Vision ($140 million) a bio-degradable industrial biopolymer intended to meet industry requirements sustainably and deliver cost-productive products, enabling clients in the textile and related industries to introduce a cost-effective and nature-friendly product.
- Tines ($125 million) a workflow automation platform intended for anyone to automate repetitive tasks across various software applications, enabling businesses of all sizes to streamline workflows and improve team efficiency.
- Eudia ($105 million) an augmented intelligence legal platform designed to automate routine tasks and provide actionable insights enabling legal professionals to manage their workload efficiently.
- VitalConnect ($100 million) a wearable biosensor technology designed to continuously monitor and record patients’ vital signs, enabling healthcare professionals to respond immediately to urgent situations and access unprecedented insight into patient health to aid in critical decisions.
- Encharge ($100 million) an advanced artificial intelligence hardware and software system designed for edge computing, enabling businesses to seamlessly access advanced AI capabilities.
- Semgrep ($100 million) a coding platform designed to empower developers to write secure code, enabling developers, security teams, and researchers to compare the safety of open source projects and cultivate knowledge.
Growthink Capital New Mandates
Growthink Capital is advising a fast-growing enterprise cloud security and cybersecurity company specializing in Confidential Computing as it raises a $5M growth financing round.
The company has developed a proprietary Container-as-a-Service platform that provides end-to-end encryption for data at rest, in transit, and in use, seamlessly integrating with Azure and Google Cloud.
With 160% YoY revenue growth, the company has surpassed $1M in revenue and $700K in ARR in 2024 and is on track to exceed $10M in revenue by 2025. Backed by former executives from Credit Suisse, BMW, and European intelligence, the company is securing government contracts and enterprise partnerships to drive market dominance.
The $5M round will accelerate product development, go-to-market expansion, and cloud integrations ahead of a planned Series A in Q1 2026.
If you’re interested in exploring this investment opportunity, please either reply to this email, call us at (213) 927-3968, or learn more about our services on our website.
The hottest sectors for funding during the month were A.I./Machine Learning, Business/Productivity Software, Cybersecurity, Biotech, and Healthtech.
Key funding events in each of these sectors for the month are below:
- A.I./Machine Learning deals included Lambda ($480 million), Together AI ($305 million), OpenEvidence ($75 million), Baseten ($75 million), Augury ($75 million), Taktile ($54 million), Spotdraft ($54 million), Latent Labs ($50 million), Regie AI ($30 million), Atombeam ($20 million), Jump ($20 million), Bridgetown Research ($19 million), TrueFoundry ($19 million), Patlytics ($14 million), Lingopal ($14 million), Sawmills ($10 million), Integrail ($10 million), and Tandem ($6.1 million).
- Business/Productivity Software deals included Hightouch ($80 million), Metronome ($50 million), Antithesis ($30 million), Archive ($30 million), CompScience ($27.6 million), Suger ($15 million), Tyba ($13.9 million), Warmly ($6 million), and Valid ($5.5 million).
- Cybersecurity deals included Mimic ($50 million), SGNL ($30 million), Riot ($30 million), Andesite ($23 million), Edera ($15 million), Gomboc AI ($13 million), Anagram ($10 million), and Mirror Tab ($8.5 million).
- Biotech deals included Kardigan ($300 million), Bambusa Therapeutics ($90 million), Stellaromics ($80 million), Auron Therapeutics ($27 million), Perceive Pharma ($15 million), EnPlusOne Biosciences ($10 million), and Terrain Biosciences ($9 million).
- Healthtech deals included Truveta ($320 million), Camber ($30 million), Avandra ($17.8 million), Posterity Health ($13 million), Zest Health ($13 million), Keragon ($7.5 million), and Affineon Health ($5 million).
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.