Moonshot AI $2B
Growth · AI · China · May 8
Moonshot AI raised about $2B in a round led by Long-Z Investments (Meituan's venture arm), pushing its valuation above $20B: it is China's most highly capitalized private LLM startup.
A quick read on the week, 61 deals and $4.6B raised. The highlights, not the whole list.
Biggest rounds
Kalshi $1B
Series D+ · Fintech · United States · May 7
$1B Series F led by Coatue at a $22B valuation, doubled in five months.
Blitzy $200M
Growth · DevTools · United States · May 6
Blitzy (Cambridge, MA) raised $200M in a growth round at a $1.4B valuation led by Northzone, becoming the Boston area's newest unicorn for autonomous enterprise software development.
QuantWare $178M
Series B · DeepTech · Netherlands · May 5
QuantWare (Delft) raised $178M in an oversubscribed Series B with Intel Capital and IQT to build the world's largest quantum chip factory.
Corgi $160M
Series B · InsurTech · United States · May 6
$160M Series B led by TCV at a $1.3B valuation, four months after the Series A.
Notable M&A
Prior Labs
acquired by SAP · May 4
SAP acquires Prior Labs (price not disclosed) and pledges over one billion euros of investment over four years to turn it into a frontier AI lab for structured data.
Sastrify
acquired by Deel · May 5
US-based Deel acquires Cologne-based Sastrify (about 50 million dollars raised); price not disclosed.
Debtist
acquired by Norvestor · May 6
Scandinavian PE firm Norvestor takes a majority stake in debt collection startup Debtist, valued at about 100 million euros according to Finance Forward.
IndiaLends
acquired by Freo · May 7
Freo acquired 100% of credit marketplace IndiaLends (undisclosed value), subject to regulatory approvals.
Did you also notice
- The week's biggest raise: Moonshot AI at $2B.
- DeepTech was the busiest sector with 7 rounds.
- United States led on deal count with 15.