Series B activity: January 2026
There were 51 Series Bs in the last month that raised a total of $3.0 billion. The average deal size was $59.6 million while the median was $45.0 million.
Data for Series B deals done worldwide (ex-China) where amount raised is greater than $5M and the company does not develop biological therapeutics.
The three Most Interesting Series B Deals (according to Claude)
Defense Unicorns - $136M at $1.0B valuation: Backed by Bain Capital, Defense Unicorns hit unicorn status with a round that signals growing venture appetite for defense tech as federal software modernization budgets expand. Their open-source, infrastructure-agnostic approach to DoD software acquisition is a meaningful wedge — if they can own that workflow, the contract ceiling is enormous.
Northwood Space - $100M at $450M valuation: The backing from Andreessen Horowitz lends serious credibility to what is still a relatively early-stage space infrastructure play, and the satellite ground station market is one of the few areas of space tech with clear near-term commercial demand. Bridgit Mendler’s founder profile adds a layer of visibility that should help with future fundraising and strategic partnerships as the company scales mass production.
Upwind Security - $250M: This cybersecurity company raised the largest round of the week at $250 million from Bessemer Venture Partners without disclosing valuation, suggesting either a highly strategic investment or potential acqui-hire dynamics. The company’s focus on leveraging runtime data to secure cloud infrastructure addresses the critical and rapidly growing challenge of cloud security as enterprises accelerate cloud adoption and face increasingly sophisticated threats.
All Series B Deals
Cambium Biomaterials raised $100.0 million at a $410.4 million valuation from 8VC on January 5, 2026. The CEO is Simon Waddington. Cambium Biomaterials is based in El Segundo, CA. Cambium Biomaterials is a developer of advanced materials technology that integrates bioengineering and computational design to protect defense and aerospace systems from directed energy and hypersonic conditions. Website: www.cambium-usa.com
Lyte raised $60.0 million at a $482.0 million valuation from Avigdor Willenz on January 5, 2026. The CEO is Alexander Shpunt. Lyte is based in Mountain View, CA. Lyte is a developer of an AI-powered healthcare interoperability platform that unifies payer, provider, and third-party data in real time for revenue cycle and patient access applications. Website: www.lyte.ai
GSME raised $35.0 million at a $184.0 million valuation from Maverick Silicon on January 6, 2026. The CEO is Farhat Jahangir. GSME is based in San Jose, CA. GSME is a supplier of integrated-circuit design and manufacturing services offering chip designing, technology incubation, and power management ICs to optimize energy efficiency for semiconductor and systems companies. Website: www.gsme.com
Presto raised $10.0 million at an unknown valuation from Metropolitan Partners Group on January 6, 2026. The CEO is Krishna Gupta. Presto is based in San Carlos, CA. Presto is a provider of next-gen digital solutions that use artificial intelligence to automate speech recognition for restaurant drive-thru operations. Website: www.presto.com
Articul8 AI raised $70.0 million at a $570.0 million valuation from Adara Ventures on January 7, 2026. The CEO is Arun Subramaniyan. Articul8 AI is based in Santa Clara, CA. Articul8 AI is a developer of a gen-ai platform that enables regulated enterprises to build domain-specific applications with autonomous and compliance-ready infrastructure. Website: www.articul8.ai
Biller Genie raised $22.0 million at a $142.0 million valuation from Radian Capital on January 7, 2026. The CEO is Thomas Aronica. Biller Genie is based in Orlando, FL. Biller Genie is a developer of a cloud-based accounts receivable platform that automates bill presentation, follow-up, online payments, and reconciliation for small and midsize businesses. Website: www.billergenie.com
Apella raised $80.0 million in equity and debt at an unknown valuation from HIGHLANDX on January 8, 2026. The CEO is David Schummers. Apella is based in Oakland, CA. Apella is a developer of healthcare technology that uses artificial intelligence, computer vision, and modern communication to digitize the operating room for process improvement and quality control in surgery. Website: www.apella.io
Sensofusion raised $52.8 million at an unknown valuation from Varma Mutual Pension Insurance on January 8, 2026. The CEO is Tuomas Rasila. Sensofusion is based in Vantaa, Finland. Sensofusion is a developer of countermeasure technology that automatically detects, locates, tracks, and takes over unmanned aircraft system controls to make environments safer. Website: www.sensofusion.com
Accelsius raised $65.0 million at an unknown valuation from Johnson Controls International on January 12, 2026. The CEO is Joshua Claman. Accelsius is based in Austin, TX. Accelsius is a developer of direct-to-chip liquid cooling technology for artificial intelligence and high-performance servers in data centers. Website: www.accelsius.com
Defense Unicorns raised $136.0 million at a $1.0 billion valuation from Bain Capital on January 12, 2026. The CEO is Robert Slaughter. Defense Unicorns is based in Colorado Springs, CO. Defense Unicorns is a developer of an open-source platform that accelerates software acquisition and delivery processes across the Department of Defense and federal market. Website: www.defenseunicorns.com
VelaFi raised $20.0 million at an unknown valuation from Ikuyo and XVC on January 12, 2026. The CEO is Maggie Wu. VelaFi is based in Plano, TX. VelaFi is a developer of a digital financial platform that connects local banking rails, cross-border payment networks, and stablecoin protocols to enable enterprises to move and manage funds across regions. Website: www.velafi.com
CloudSEK raised $10.0 million at an unknown valuation from Connecticut Innovations on January 13, 2026. The CEO is Rahul Sasi. CloudSEK is based in Bengaluru, India. CloudSEK is a developer of a predictive cybersecurity platform offering artificial intelligence-powered tools to identify, assess, and mitigate digital threats such as phishing attacks and data breaches. Website: www.cloudsek.com
Enspire DBS Therapy raised $10.3 million at a $32.5 million valuation from Genesys Capital on January 13, 2026. The CEO is Scott Kokones. Enspire DBS Therapy is based in Cleveland, OH. Enspire DBS Therapy is an operator of a brain stimulation healthcare company that aids stroke patients in restoring arm motor function through deep brain stimulation alongside physical rehabilitation. Website: www.enspiredbs.com
Sukino raised $31.0 million at an unknown valuation from Bessemer Venture Partners on January 13, 2026. The CEO is Rajinish Menon. Sukino is based in Bengaluru, India. Sukino is an operator of a care management agency providing rehabilitative care, palliative care, and managed home care services for patients with chronic diseases. Website: www.sukino.com
Aikido Security raised $60.0 million at a $1.0 billion valuation from DST Global on January 14, 2026. The CEO is Willem Delbare. Aikido Security is based in Ghent, Belgium. Aikido Security is a developer of a software security platform that scans source code and cloud infrastructure to identify critical vulnerabilities and reduce false positives for developers. Website: www.aikido.dev
Listen Labs raised $69.0 million at a $500.0 million valuation from Ribbit Capital on January 14, 2026. The CEO is Alfred Wahlforss. Listen Labs is based in San Francisco, CA. Listen Labs is a developer of an AI-based interviewer that conducts customer interviews and analyzes qualitative data at scale to surface insights, themes, and personas with real-time analysis. Website: www.listenlabs.ai
MontyCloud raised $11.5 million at an unknown valuation from The Riverside Company on January 14, 2026. The CEO is Walter Rogers. MontyCloud is based in Redmond, WA. MontyCloud is a developer of a cloud management platform that provides policy-driven, application-centric management covering cost management, security, compliance automation, and disaster recovery. Website: www.montycloud.com
Vista.ai raised $29.5 million at a $476.0 million valuation from Khosla Ventures, Bold Brain Capital, Cedars Sinai Health Ventures, Intermountain Healthcare, Tampa General Hospital, Temple University, and University of Utah Health on January 14, 2026. The CEO is Daniel Hawkins. Vista.ai is based in Palo Alto, CA. Vista.ai is a developer of diagnostic imaging technology that uses artificial intelligence to automate cardiac scans and reduce patient discomfort. Website: www.vista.ai
Wint Wealth raised $27.8 million at a $77.7 million valuation from Vertex Ventures Southeast Asia & India on January 14, 2026. The CEO is Ajinkya Kulkarni. Wint Wealth is based in Bengaluru, India. Wint Wealth is a developer of a digital investment platform that allows investment in high-yield asset-backed securitized debt instruments offering higher returns than fixed deposits. Website: www.wintwealth.com
WithCoverage raised $42.0 million at a $233.0 million valuation from Khosla Ventures and Sequoia Capital on January 14, 2026. The CEO is Max Brenner. WithCoverage is based in New York, NY. WithCoverage is a developer of a risk management platform providing tech-enabled specialty insurance services for consumer brands with everything managed in one place. Website: www.withcoverage.com
Hydrosat raised $60.0 million at a $180.0 million valuation from CitiCourt & Co, Hartree Partners, and Subutai Capital Partners on January 15, 2026. The CEO is Pieter Fossel. Hydrosat is based in Washington, DC. Hydrosat is a developer of irrigation and crop management software providing field-level and regional-level analytics for water management and production forecasting. Website: www.hydrosat.com
MAX raised $24.0 million at an unknown valuation from Equitane on January 16, 2026. The CEO is Adetayo Bamiduro. MAX is based in Lagos, Nigeria. MAX is a provider of electric and low-emission vehicle subscription services offering independent commercial drivers in Africa accessible and sustainable mobility services through vehicle ownership. Website: www.maxdrive.ai
Emergent raised $70.0 million at a $300.0 million valuation from Khosla Ventures and SoftBank Investment Advisers on January 20, 2026. The CEO is Mukund Jha. Emergent is based in Pleasanton, CA. Emergent is a developer of an autonomous coding agent that automates internal-facing software engineering tasks including code maintenance, application development, and data warehousing. Website: www.emergent.sh
Ethernovia raised $90.0 million at a $427.0 million valuation from Maverick Silicon on January 20, 2026. The CEO is Ramin Shirani. Ethernovia is based in San Jose, CA. Ethernovia is an operator of an automotive networking technology company integrating ethernet components and artificial intelligence-driven interconnects for next-gen vehicle communication and autonomous driving. Website: www.ethernovia.com
Ivo raised $55.0 million at a $355.0 million valuation from Blackbird Ventures on January 20, 2026. The CEO is Min-Kyu Jung. Ivo is based in San Francisco, CA. Ivo is a developer of a contracting platform that leverages technology to create contracts, collect approvals, review agreements, and send for signing to reduce negotiation time and costs. Website: www.ivo.ai
Orbem raised $64.9 million at an unknown valuation from Innovation Industries (Amsterdam) on January 20, 2026. The CEO is Pedro Gómez. Orbem is based in Munich, Germany. Orbem is an operator of an artificial intelligence-enabled imaging platform offering magnetic resonance imaging combined with advanced data analysis for nondestructive biological assessment. Website: www.orbem.ai
UnboxRobotics raised $28.0 million at an unknown valuation from ICICI Venture and Redstart Labs on January 20, 2026. The CEO is Pramod Ghadge. UnboxRobotics is based in Pimpri-Chinchwad, India. UnboxRobotics is a developer of a logistics automation platform using swarm intelligence and artificial intelligence algorithms with a parcel-sorting robotic system to improve productivity in limited warehousing space. Website: www.unboxrobotics.com
AnswersNow raised $40.0 million at a $144.0 million valuation from HealthQuest Capital on January 21, 2026. The CEO is Jeff Beck. AnswersNow is based in Richmond, VA. AnswersNow is a developer of a telehealth platform connecting caregivers and parents of children with autism to applied behavior analysis therapists via private texts and videos for personalized guidance. Website: www.getanswersnow.com
Nagro raised $11.7 million at an unknown valuation from Coöperatieve Rabobank on January 21, 2026. The CEO is Gustavo Alves. Nagro is based in Uberlandia, Brazil. Nagro is an operator of an agfintech company facilitating access to credit for rural producers through personal loans, working capital, and farm equity with a focus on digital inclusion. Website: www.nagro.com.br
Sage Geosystems raised $97.0 million at a $322.0 million valuation from Carbon Direct Capital Management and Ormat Technologies on January 21, 2026. The CEO is Cynthia Taff. Sage Geosystems is based in Houston, TX. Sage Geosystems is a developer of a geopressured geothermal system that harvests both heat and pressure to deliver cost-effective geothermal electricity production and energy storage. Website: www.sagegeosystems.com
Klir raised $17.5 million in equity and debt at an unknown valuation from Innovation Banking at CIBC and Insight Partners on January 22, 2026. The CEO is David Lynch. Klir is based in Reno, NV. Klir is a developer of an environmental regulation and compliance platform facilitating sampling, operational, and compliance data centralization with built-in collaboration tools for water utility management. Website: www.klir.com
Superstate raised $82.5 million at a $834.0 million valuation from Bain Capital and Distributed Global on January 22, 2026. The CEO is Robert Leshner. Superstate is based in New York, NY. Superstate is an operator of a blockchain-based investment platform offering on-chain listings of regulated securities, tokenized funds, and blockchain-native settlement mechanisms for institutional and qualified investors. Website: www.superstate.com
Ares Materials raised $12.0 million at a $80.0 million valuation from Black Diamond Ventures on January 26, 2026. The CEO is David Arreaga. Ares Materials is based in Plano, TX. Ares Materials is a developer of AI-driven software and robotics platform using machine learning to develop novel transparent polymer materials for flexible mobile, wearable, and embedded electronics. Website: aresmaterials.com
Compa raised $35.0 million at a $182.0 million valuation from Jump Capital, Crosslink Capital, HR Tech Investments, Navigate Ventures, Permanent Capital, and Storm Ventures on January 26, 2026. The CEO is Charlie Franklin. Compa is based in Irvine, CA. Compa is a developer of a compensation intelligence platform integrating market data with internal systems to deliver insights for cash, equity, and hourly wages tailored to roles and locations. Website: www.compa.ai
Orbital raised $60.0 million at a $206.6 million valuation from Brighton Park Capital on January 26, 2026. The CEO is William Pearce. Orbital is based in London, United Kingdom. Orbital is an operator of a real estate intelligence platform that automates legal due diligence and property risk assessment. Website: www.orbital.tech
Spotdraft raised $54.0 million at a $380.0 million valuation from Qualcomm Ventures, Trident Growth Partners, and Vertex Growth on January 26, 2026. The CEO is Shashank Bijapur. Spotdraft is based in Bengaluru, India. Spotdraft is a developer of an artificial intelligence-driven contract management platform that advises businesses about existing contracts and sends customized reminders and invoices. Website: www.spotdraft.com
Tandem raised $100.0 million at a $950.0 million valuation from Accel on January 26, 2026. The CEO is Sahir Jaggi. Tandem is based in New York, NY. Tandem is a developer of a prescription wallet allowing doctors to send prescriptions and check insurance coverage, coupons, and prices across pharmacies to provide patients with affordable medicines quickly. Website: www.withtandem.com
Upwind Security raised $250.0 million at an unknown valuation from Bessemer Venture Partners on January 26, 2026. The CEO is Amiram Shachar. Upwind Security is based in San Francisco, CA. Upwind Security is an operator of a cybersecurity company leveraging runtime data to secure cloud infrastructure with real-time threat detection and analysis. Website: www.upwind.io
Visitt raised $22.0 million at an unknown valuation from Susquehanna Growth Equity on January 26, 2026. The CEO is Itay Oren. Visitt is based in Tel Aviv, Israel. Visitt is a developer of a facility management platform providing live data collection, automated work order management, team monitoring, and predictive insights for commercial real estate property operations. Website: www.visitt.io
Zocks raised $45.0 million at a $266.0 million valuation from Lightspeed Venture Partners and QED Investors on January 26, 2026. The CEO is Mark Gilbert. Zocks is based in San Francisco, CA. Zocks is a developer of an AI assistant offering automated meeting preparation, note generation, client communications, form handling, and document processing to reduce administrative workload for financial advisors. Website: www.zocks.io
Applied EV raised $40.0 million at an unknown valuation from Barrenjoey Capital Partners Group, Japan Post Capital, National Reconstruction Fund Corporation, StB Capital Partners, and Suzuki Global Ventures on January 27, 2026. The CEO is Julian Broadbent. Applied EV is based in Scoresby, Australia. Applied EV is a developer of software-defined vehicle technology supporting safety-rated autonomy across multiple electric vehicle types for logistics and industrial applications. Website: www.appliedev.com
Raylo raised $40.4 million at an unknown valuation from Citibank on January 27, 2026. The CEO is Karl Gilbert. Raylo is based in London, United Kingdom. Raylo is an operator of a smartphone leasing platform offering a circular leasing model where customers can lease unlocked mobile phones with free upgrades, refurbishment of returned devices, and soft credit checks. Website: www.raylo.com
Roark raised $210.0 million at a $1.6 billion valuation on January 27, 2026. The CEO is Patton French. Roark is based in London, United Kingdom. Roark is a developer of UAV detection and disruption systems including drone detection systems, airborne hyperspectral imaging, automated warfare systems, and quantum radar for defense applications. Website: n/a
LeydenJar raised $24.4 million at an unknown valuation from APG Group, Extantia Capital, and Invest-NL (Investment Company) on January 28, 2026. The CEO is Christian Rood. LeydenJar is based in Leiden, Netherlands. LeydenJar is a developer of silicon anode rolls containing higher capacity compared to graphite anodes based on a roll-to-roll plasma deposition process for Li-ion battery cells. Website: www.leyden-jar.com
Northwood Space raised $100.0 million at a $450.0 million valuation from Andreessen Horowitz and Washington Harbour on January 28, 2026. The CEO is Bridgit Mendler. Northwood Space is based in El Segundo, CA. Northwood Space is a developer of ultra-wideband gateway technology that mass-produces ground stations connecting satellites in space to expand access and improve efficiency of satellite communication networks. Website: www.northwoodspace.io
Outtake raised $40.0 million at an unknown valuation from ICONIQ Growth on January 28, 2026. The CEO is Alex Dhillon. Outtake is based in Brooklyn, NY. Outtake is a developer of AI-powered cybersecurity tools featuring real-time threat classification, automated response systems, and multi-surface anti-phishing capabilities to protect digital identities. Website: www.outtake.ai
PaleBlueDot.AI raised $150.0 million at a $1.0 billion valuation from B Capital Group on January 28, 2026. The CEO is Jonathan Zhu. PaleBlueDot.AI is based in Palo Alto, CA. PaleBlueDot.AI is a developer of an AI cloud Agent platform designed to connect and improve GPU resources through automation with cloud advisors and financial services. Website: www.palebluedot.ai
Indigo raised $50.0 million at an unknown valuation from Rubicon Founders on January 29, 2026. The CEO is Jared Kaplan. Indigo is based in Nashville, TN. Indigo is an operator of a medical malpractice insurance platform utilizing artificial intelligence to provide data-driven underwriting with real-time quoting and pricing for physicians and medical groups. Website: www.getindigo.com
Sixfold raised $30.0 million at an unknown valuation from Brewer Lane Ventures on January 29, 2026. The CEO is Alexander Schmelkin. Sixfold is based in New York, NY. Sixfold is a developer of an artificial intelligence-based platform automating insurance underwriting tasks including data collection from third-party sources and providing traceability of underwriting decisions. Website: www.sixfold.ai
Talos Global raised $45.0 million at a $1.5 billion valuation to complete a $150.0 million Series B from Robinhood Markets, Sony Innovation Fund, IMC, QCP, Karatage, a16z crypto, BNY, and Fidelity Investments. on January 29, 2026. The CEO is Anton Katz. Talos Global is based in New York, NY. Talos Global is a developer of a crypto trading platform providing a full trading lifecycle using institutional-grade technology infrastructure for spot, futures, and foreign exchange markets. Website: www.talos.com
JJG Aerospace raised $30.0 million at an unknown valuation from Norwest on January 31, 2026. The CEO is Anuj Jhunjhunwala. JJG Aerospace is based in Bangalore, India. JJG Aerospace is a manufacturer of precision-machined components operating manufacturing facilities with build-to-print machining, CNC milling and turning, and quality inspection for aerospace, automotive, and industrial applications. Website: www.jjgmachining.com
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Disclosures
This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.