DeepSeek $7.4B
an early round · AI · China · Jun 16
DeepSeek closed its first external funding round, raising about 7.4 billion dollars at a valuation above 50 billion dollars, with Tencent and CATL among outside investors.
A quick read on the week, 39 deals and $74.3B raised. The highlights, not the whole list.
Biggest rounds
Ent $100M
an early round · Cybersecurity · United States · Jun 16
Ent emerged from stealth with a 100 million dollar seed round led by Decibel to build intent-aware endpoint security for the era of autonomous AI agents.
CNTXT AI $60M
an early round · AI · United Arab Emirates · Jun 16
UAE-based CNTXT AI raised 60 million dollars in a Series A co-led by AI71 and BlueFive Capital to deploy secure sovereign AI infrastructure globally.
Undo $37M
an early round · DevTools · United Kingdom · Jun 15
Cambridge-based Undo raised a 31 million euro round led by Elsewhere Partners to bring runtime context to AI-assisted software engineering.
Festina Finance $27M
an early round · fintech · Denmark · Jun 19
Festina Finance secured over 25 million euros in growth investment from Birchway Capital at a roughly 200 million euro valuation to scale its pensions and life insurance platform across Europe.
Notable M&A
Anysphere $60B
acquired by SpaceX · Jun 16
SpaceX agreed to acquire Cursor-maker Anysphere for 60 billion dollars in an all-stock deal to enter the AI developer tools market.
Fin $3.6B
acquired by Salesforce · Jun 15
Salesforce is acquiring Fin, the AI agent company formerly known as Intercom, for 3.6 billion dollars.
Payoneer $2.8B
acquired by Nuvei · Jun 16
Nuvei confirmed plans to acquire Payoneer in a deal valued at 2.75 billion dollars to broaden its cross-border payments reach.
Minu $100M
acquired by Betterfly · Jun 15
Betterfly acquired Mexican financial wellness startup Minu in a deal valued at roughly 100 million dollars, adding earned wage access and benefits to its platform.
Did you also notice
- The week's biggest raise: DeepSeek at $7.4B.
- AI was the busiest sector with 7 rounds.
- United States led on deal count with 6.