Series C activity: Q2 2026
There were 84 Series Cs in the last quarter that raised a total of $17.4 billion. The average deal size was $207.2 million while the median was $79.0 million.
Data for Series C deals done worldwide (ex-China) where amount raised is greater than $15M and the company is not focused on therapeutics.
Series C Deals
Coder raised $90 million from KKR on April 1, 2026. Open-source tools and enterprise platform for development environments. The CEO is Ammar Bandukwala. Coder is based in Austin, TX, United States. Website: www.coder.com
PolicyStreet raised $21 million from Cool Japan Fund on April 1, 2026. Digital insurance solutions and technology for businesses and consumers. The CEO is Yen Ming Lee. PolicyStreet is based in Kuala Lumpur, Malaysia. Website: www.policystreet.com
Endovascular Engineering raised $80 million from Gilde Healthcare and Norwest on April 7, 2026. Developing mechanical thrombectomy solutions for clot removal. The CEO is Dan Rose. Endovascular Engineering is based in Menlo Park, CA, United States. Website: www.endovascularengineering.com
Hermeus raised $200 million at a $1 billion valuation from Khosla Ventures on April 7, 2026. Developing hypersonic aircraft to drastically reduce flight times. The CEO is AJ Piplica. Hermeus is based in El Segundo, CA, United States. Website: www.hermeus.com
Sateliot raised $116.8 million from investors on April 9, 2026. Satellite-based connectivity for IoT customers out-of-coverage. The CEO is Jaume Sanpera. Sateliot is based in Barcelona, Spain. Website: www.sateliot.space
True Footage raised $40 million from returning investor Cox Enterprises on April 11, 2026. Residential valuation services and software for appraisals. The CEO is John Liss. True Footage is based in Austin, TX, United States. Website: www.truefootage.tech
MerQube raised $30 million from 7RIDGE on April 13, 2026. Cloud-native platform for designing and disseminating financial indices. The CEO is Vinit Srivastava. MerQube is based in San Francisco, CA, United States. Website: www.merqube.com
Slate Auto raised $650 million from TWG Global on April 13, 2026. Modular electric pickup truck maker preparing its Indiana factory for production. The CEO is Peter Faricy. Slate Auto is based in Troy, MI, United States. Website: www.slate.auto
Atlas Card raised $40 million at a $420 million valuation from Elad Gil and Verified Capital on April 14, 2026. Credit card service platform connecting consumers to banks. The CEO is Zane Salim. Atlas Card is based in Berkeley, CA, United States. Website: www.atlascard.com
nEye Systems raised $80 million from Sutter Hill Ventures on April 14, 2026. Programmable photonic integrated circuits for optical circuit switching. The CEO is Ashish Vengsarkar. nEye Systems is based in Santa Clara, CA, United States. Website: www.neye.ai
Glydways raised $170 million at a $700 million valuation from Suzuki Motor Corporation, ACS Group, and Khosla Ventures on April 15, 2026. Affordable autonomous transportation technology and clean energy solutions. The CEO is Blake Barber. Glydways is based in South San Francisco, CA, United States. Website: www.glydways.com
Upstage AI raised $122.1 million from Saje Partners on April 15, 2026. Customized AI services to enhance business efficiency and innovation. The CEO is Sung Kim. Upstage AI is based in Yongin, South Korea. Website: www.upstage.ai
Plata Card raised $405 million at a $5 billion valuation from Bicycle Capital on April 16, 2026. Financial technology platform offering credit card and BNPL services. The CEO is Neri Tollardo. Plata Card is based in Mexico City, Mexico. Website: www.platacard.mx
Slash raised $100 million at a $1.4 billion valuation from Ribbit Capital, Khosla, and Goodwater Capital on April 16, 2026. Financial technology offering deposits, payments, and expense tracking. The CEO is Victor Cardenas. Slash is based in San Francisco, CA, United States. Website: www.joinslash.com
Loop raised $95 million from Valor Equity Partners and the Valor Atreides AI Fund on April 17, 2026. Logistics payments platform streamlining shipment document capture. The CEO is Matt Mckinney. Loop is based in San Francisco, CA, United States. Website: www.loop.com
AcuityMD raised $80 million at a $955 million valuation from StepStone Group on April 21, 2026. Medical technology software platform for commercializing medical devices. The CEO is Michael Monovoukas. AcuityMD is based in Boston, MA, United States. Website: www.acuitymd.com
Tava Health raised $40 million from Centana Growth Partners on April 21, 2026. Technology-enabled mental health care and employee benefits. The CEO is Dallen Allred. Tava Health is based in Salt Lake City, UT, United States. Website: www.tavahealth.com
Factory raised $150 million at a $1.5 billion valuation from Khosla Ventures on April 22, 2026. AI agents automating software development tasks for enterprise teams. The CEO is Matan Grinberg. Factory is based in San Francisco, CA, United States. Website: www.factory.ai
Reflection AI raised $2.5 billion at a $27.5 billion valuation from Nvidia, Sequoia, Lightspeed, JPMorgan and B Capital on April 22, 2026. Open-model AI lab building U.S. open-weights alternatives to DeepSeek. The CEO is Misha Laskin. Reflection AI is based in New York, NY, United States. Website: www.reflection.ai
Cloudsmith raised $72 million from TCV on April 23, 2026. Cloud-native universal package management solution for developers. The CEO is Glenn Weinstein. Cloudsmith is based in Belfast, United Kingdom. Website: www.cloudsmith.com
Omni raised $120 million at a $1.5 billion valuation from ICONIQ on April 23, 2026. Business intelligence platform combining shared data model and SQL freedom. The CEO is Colin Zima. Omni is based in San Francisco, CA, United States. Website: www.exploreomni.com
Kashable raised $60 million from Sustainable Investing at Goldman Sachs Alternatives on April 27, 2026. Financial wellness platform offering affordable employee financing options. Kashable is based in New York, NY, United States. Website: www.kashable.com
Liquid Instruments raised $50 million from Keysight Technologies and Australia’s National Reconstruction Fund on April 28, 2026. All-in-one device for professional test and measurement. The CEO is Daniel Shaddock. Liquid Instruments is based in San Diego, CA, United States. Website: www.liquidinstruments.com
Counterpart raised $50 million from Valor Equity Partners on April 29, 2026. Management liability platform using big data and AI for insurance. The CEO is Tanner Hackett. Counterpart is based in Los Angeles, CA, United States. Website: www.yourcounterpart.com
Iterative Health raised $77 million from Intrepid Growth Partners and GV on April 30, 2026. Healthcare technology accelerating clinical research for GI care. The CEO is Jonathan Ng. Iterative Health is based in Cambridge, MA, United States. Website: www.iterative.health
Toggle raised $21.1 million on April 30, 2026. Social technology implementation in real estate and finance. Toggle is based in Tokyo, Japan. Website: www.toggle.co.jp
Netomi raised $110 million from Accenture Ventures on May 1, 2026. Customer experience AI platform for enterprises with no-code solutions. The CEO is Puneet Mehta. Netomi is based in San Mateo, CA, United States. Website: www.netomi.com
CMBlu Energy AG raised $58.5 million at a $1.2 billion valuation on May 4, 2026. Sustainable energy transition and storage solutions provider. The CEO is Peter Geigle. CMBlu Energy AG is based in Alzenau, Germany. Website: www.cmblu.com
Reserv raised $125 million from KKR on May 4, 2026. Solutions for optimizing property and casualty claims processing. The CEO is CJ Przybyl. Reserv is based in New York, NY, United States. Website: www.reserv.com
LegalPlace raised $81.9 million from Move Capital, XAnge and Eurazeo on May 5, 2026. Legal document services and lawyer connection platform. The CEO is Racem Flazi. LegalPlace is based in Paris, France. Website: www.legalplace.fr
River raised $100 million from Anicut Capital, Claypond Capital and Elev8 Venture Partners on May 5, 2026. Electric vehicle manufacturer specializing in utility electric mopeds. River is based in Bengaluru, India. Website: www.rideriver.com
XBOW raised $35 million at a $1 billion valuation from Accenture Ventures, DNX Ventures, Liberty Global Tech Ventures, NVentures, Samsung Ventures, and SentinelOne S Ventures on May 6, 2026. Autonomous operation and command execution for higher-level objectives. The CEO is Oege de Moor. XBOW is based in Seattle, WA, United States. Website: www.xbow.com
Nyobolt raised $60 million at a $1 billion valuation from Symbotic on May 7, 2026. Developer of high-power battery technology for automotive applications. The CEO is Sai Shivareddy. Nyobolt is based in Cambridge, United Kingdom. Website: www.nyobolt.com
Quantum Motion raised $160 million from DCVC and Kembara on May 7, 2026. Universal quantum computer built using CMOS compatible processes. The CEO is James Palles-Dimmock. Quantum Motion is based in London, United Kingdom. Website: www.quantummotion.tech
Skyroot Aerospace raised $50 million at a $1.1 billion valuation from Sherpalo Ventures and GIC on May 7, 2026. Aerospace manufacturer providing cost-effective launch services. The CEO is Pawan Kumar Chandana. Skyroot Aerospace is based in Hyderabad, India. Website: www.skyroot.in
Oishii raised $150 million from SPARX Asset Management Co., Ltd on May 13, 2026. Indoor vertical farming technology for premium strawberries. The CEO is Hiroki Koga. Oishii is based in Jersey City, NJ, United States. Website: www.oishii.com
Butterfly Medical raised $21 million from the European Innovation Council, Junson Capital, MedVenture and New Rhein Healthcare Investors on May 14, 2026. Minimally invasive in-office device for enlarged prostate treatment. The CEO is Idan Geva. Butterfly Medical is based in Yoqne’am Illit, Israel. Website: www.butterfly-medical.com
Henry raised $19 million from Angel Bridge, Globis Capital Partners, and Japan Post Bank Asset Management on May 14, 2026. Cloud-based electronic medical record system for hospitals. Henry is based in Tokyo, Japan. Website: www.henry.jp
Moment raised $78 million from Index Ventures on May 19, 2026. Unified fixed-income platform for trading and portfolio management. The CEO is Dylan Parker. Moment is based in New York, NY, United States. Website: www.withmoment.com
Nourish raised $100 million from Menlo Ventures on May 19, 2026. AI-powered virtual nutrition care addressing chronic disease. Nourish is based in New York, NY, United States. Website: www.usenourish.com
Socket raised $60 million at a $1 billion valuation from Thrive Capital on May 19, 2026. Security company protecting apps from supply chain attacks. The CEO is Feross Aboukhadijeh. Socket is based in Stanford, CA, United States. Website: www.socket.dev
Exa raised $250 million at a $2.2 billion valuation from Andreessen Horowitz on May 20, 2026. AI-centered search engine for automated systems and applications. The CEO is Will Bryk. Exa is based in San Francisco, CA, United States. Website: www.exa.ai
Primer raised $100 million at a $425 million valuation from Sofina on May 20, 2026. Unified infrastructure for global payments and commerce. Primer is based in London, United Kingdom. Website: www.primer.io
Sardine raised $25 million from National Bank of Canada on May 20, 2026. Risk management solutions using AI for financial services. The CEO is Soups Ranjan. Sardine is based in Miami, FL, United States. Website: www.sardine.ai
Modal Labs raised $355 million at a $4.7 billion valuation from General Catalyst and Redpoint on May 22, 2026. Machine learning software for cloud code execution and deployment. Modal Labs is based in New York, NY, United States. Website: www.modal.com
Sound Wave Innovation raised $17 million from iGlobe Partners on May 22, 2026. Medical device manufacturer of ultrasound and shockwave systems. Sound Wave Innovation is based in Tokyo, Japan. Website: www.sw-innovation.com/en
WeRoad raised $58 million from Airbnb on May 27, 2026. Group travel platform for solo travelers to meet and explore together. The CEO is Paolo De Nadai. WeRoad is based in Milan, Italy. Website: www.weroad.travel
Daloopa raised $47 million from Brighton Park Capital on May 28, 2026. AI-driven document automation and data extraction for finance. The CEO is Thomas Li. Daloopa is based in New York, NY, United States. Website: www.daloopa.com
Fonoa raised $110 million from Headline on May 28, 2026. Tax automation platform for businesses managing compliance and invoicing. The CEO is Davor Tremac. Fonoa is based in Dublin, Ireland. Website: www.fonoa.com
Utilidata raised $40 million from Renown Capital Partners on May 28, 2026. Embedded AI platform for power infrastructure and dynamic data-center power orchestration. The CEO is Josh Brumberger. Utilidata is based in Ann Arbor, MI, United States. Website: www.utilidata.com
Mach Industries raised $300 million at a $1.8 billion valuation from Infinite Capital and Ribbit Capital on June 1, 2026. Designs and manufactures defense systems for unmanned aerial vehicles. The CEO is Ethan Thornton. Mach Industries is based in Huntington Beach, CA, United States. Website: www.machindustries.com
Findigs raised $32 million from RPM Ventures on June 2, 2026. Property technology simplifying rental screening and leasing decisions. The CEO is Steve Carroll. Findigs is based in New York, NY, United States. Website: www.findigs.com
Subtle Medical raised $33 million from funds managed by Morgan Stanley Expansion Capital on June 2, 2026. AI-powered medical imaging technology for enhanced workflow and safety. The CEO is Enhao Gong. Subtle Medical is based in Menlo Park, CA, United States. Website: www.subtlemedical.com
The Ryl Company raised $20 million from Purchase Capital through its Ryl Growth Partners SPV on June 2, 2026. Beverage company specializing in ready-to-drink iced teas. The CEO is Blodin Ukella. The Ryl Company is based in Cedar Knolls, NJ, United States. Website: www.drinkryl.com
NewLimit raised $435 million at a $3.1 billion valuation from Founders Fund on June 3, 2026. Biotechnology company focused on epigenetic reprogramming for aging. NewLimit is based in South San Francisco, CA, United States. Website: www.newlimit.com
Oxford Quantum Circuits raised $350.1 million from Bullhound Capital on June 3, 2026. Superconducting quantum computers delivered through cloud-deployed data-center services. The CEO is Gerald Mullally. Oxford Quantum Circuits is based in Reading, United Kingdom. Website: www.oxfordquantumcircuits.com
Honeycomb raised $40 million from Zeev Ventures on June 4, 2026. Online platform for quick and affordable condo insurance policies. The CEO is Itai Ben-Zaken. Honeycomb is based in Chicago, IL, United States. Website: www.honeycombinsurance.com
Opal Security raised $23 million from Greylock and Battery Ventures on June 4, 2026. Data-centric identity security platform reducing access sprawl. The CEO is Howard Ting. Opal Security is based in San Francisco, CA, United States. Website: www.opal.dev
Semble raised $40.3 million from Revaia on June 4, 2026. Software and APIs for managing healthcare practices. The CEO is Christoph Lippuner. Semble is based in London, United Kingdom. Website: www.semble.io
GPS Renewables raised $66.5 million from PixelSky Capital on June 8, 2026. Waste-to-energy solutions for urban biodegradable waste management. The CEO is Mainak Chakraborty. GPS Renewables is based in Bangalore, India. Website: www.gpsrenewables.com
PhysicsX raised $300 million at a $2.4 billion valuation from Temasek on June 8, 2026. Physical AI company transforming engineering and manufacturing processes. The CEO is Jacomo Corbo. PhysicsX is based in London, United Kingdom. Website: www.physicsx.ai
Stepful raised $55 million from Oak HC/FT on June 8, 2026. Training and job placement for entry-level healthcare positions. The CEO is Carl Madi. Stepful is based in New York, NY, United States. Website: www.stepful.com
ZutaCore raised $100 million from Mitsubishi Electric, Carrier Ventures, and Samsung Electronics via Samsung Ventures and additional investors on June 8, 2026. Waterless two-phase direct-to-chip liquid cooling for AI and HPC data centers. The CEO is Erez Freibach. ZutaCore is based in Foster City, CA, United States. Website: www.zutacore.com
Beacon Software raised $225 million from General Catalyst and HarbourVest on June 9, 2026. Holding company specializing in software business acquisitions. Beacon Software is based in Toronto, Canada. Website: www.beaconsoftware.com
NinjaOne raised $400 million at a $12.3 billion valuation on June 9, 2026. IT management platform automating endpoint visibility and security. The CEO is Sal Sferlazza. NinjaOne is based in Austin, TX, United States. Website: www.ninjaone.com
Standard Bots raised $200 million at a $1 billion valuation from RoboStrategy on June 9, 2026. Accessible robotics platform for business automation and productivity. The CEO is Evan Beard. Standard Bots is based in New York, NY, United States. Website: www.standardbots.com
NEURA Robotics raised $1.4 billion at a $4.7 billion valuation on June 10, 2026. Robotic assistants enhancing cognitive abilities for various industries. The CEO is David Reger. NEURA Robotics is based in Metzingen, Germany. Website: www.neura-robotics.com
SolarSquare Energy raised $50 million at a $500 million valuation from B Capital on June 12, 2026. Residential solar company designing and installing rooftop panels. The CEO is Shreya Mishra. SolarSquare Energy is based in Mumbai, India. Website: www.solarsquare.in
Interchecks raised $50 million from Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners on June 15, 2026. Instant-payment solutions simplifying payouts and 1099 compliance. The CEO is Dylan Massey. Interchecks is based in Brooklyn, NY, United States. Website: www.interchecks.com
Atom Computing raised $100 million from Third Point Ventures on June 16, 2026. Scalable quantum computers using individual atoms for advanced processing. Atom Computing is based in Berkeley, CA, United States. Website: www.atom-computing.com
AttoTude raised $52 million from The Westly Group on June 16, 2026. ASIC-over-dielectric interconnect technology for high-bandwidth AI infrastructure. The CEO is Dave Welch. AttoTude is based in Menlo Park, CA, United States. Website: www.attotude.com
Bland AI raised $50 million from Dell Technologies Capital on June 16, 2026. Infrastructure for building AI phone-calling applications at scale. Bland AI is based in San Francisco, CA, United States. Website: www.bland.ai
InStride Health raised $30 million from new investors Echo Health Ventures and FMZ Ventures and existing investors .406 Ventures, Valtruis, General Catalyst and Mass General Brigham Ventures on June 16, 2026. Evidence-based OCD and anxiety treatment for kids and teenagers. The CEO is John Voith. InStride Health is based in Boston, MA, United States. Website: www.instride.health
Rejoni raised $25 million from Clavyst Bio, Amed Ventures, Ascension Ventures, Catalyst Health Ventures, Delos Capital, FemHealth Ventures, Iyengar Capital, and Sparta Group on June 16, 2026. Women’s health technologies minimizing risks of gynecological procedures. The CEO is John Nealon. Rejoni is based in Bedford, MA, United States. Website: www.rejoni.com
DayOne raised $4.5 billion at a $20 billion valuation on June 18, 2026. Data center capacity development across strategic Asian locations. The CEO is Jamie Khoo. DayOne is based in Singapore. Website: www.dayonedc.com
Dream Security raised $260 million at a $3 billion valuation from Bicycle Capital and Group 11 on June 18, 2026. AI-driven cybersecurity solutions for threat detection and management. The CEO is Shalev Hulio. Dream Security is based in Tel Aviv, Israel. Website: www.dreamgroup.com
Hyperlight raised $80 million from MediaTek on June 18, 2026. Thin-film lithium niobate photonic integrated circuit solutions. The CEO is Mian Zhang. Hyperlight is based in Cambridge, MA, United States. Website: www.hyperlightcorp.com
Gradial raised $65 million at a $675 million valuation from Insight Partners on June 19, 2026. AI-powered platform automating enterprise marketing operations. The CEO is Doug Tallmadge. Gradial is based in Seattle, WA, United States. Website: www.gradial.com
Orange Health Labs raised $29.3 million at a $206.3 million valuation from Iron Pillar India on June 22, 2026. Remote diagnostic lab services for at-home healthcare. Orange Health Labs is based in Bangalore, India. Website: www.orangehealth.in
Cadence Solutions raised $100 million from Spark Capital on June 23, 2026. Health technology company enabling care outside hospital settings. The CEO is Christopher Altchek. Cadence Solutions is based in New York, NY, United States. Website: www.cadence.care
Orderful raised $35 million from Koch Disruptive Technologies on June 23, 2026. Cloud EDI platform simplifying supply chain data exchange. The CEO is Erik Kiser. Orderful is based in San Francisco, CA, United States. Website: www.orderful.com
Assort Health raised $120 million at a $1.2 billion valuation from Menlo Ventures on June 24, 2026. Voice AI agents for healthcare call center automation and support. The CEO is Jeffery L.. Assort Health is based in San Francisco, CA, United States. Website: www.assorthealth.com
Float raised $59.8 million at a $387.4 million valuation from Inovia Capital on June 24, 2026. Modern financial services and software for managing spending and cash flow. The CEO is Rob Khazzam. Float is based in Toronto, Canada. Website: www.floatfinancial.com
Taktile raised $110 million from Growth Equity at Goldman Sachs Alternatives on June 24, 2026. Software platform for building and evaluating automated decision flows. Taktile is based in New York, NY, United States. Website: www.taktile.com
Three Most Interesting Deals
Reflection AI ($2.5B from Nvidia, Sequoia, Lightspeed, JPMorgan and B Capital): Reflection AI is building open-weight foundation models positioned as U.S.-based alternatives to DeepSeek, aiming to give enterprises and developers something they can run, audit, and fine-tune without a black box. The timing is sharp: demand for “open but capable” models is accelerating as teams look to reduce vendor lock-in and navigate tighter procurement and sovereignty requirements. Reflection’s momentum is as much about distribution as research—its backers include Nvidia alongside Sequoia, Lightspeed, JPMorgan, and B Capital, which can translate into compute access and enterprise doors. The sheer scale of the $2.5B Series C at a $27.5B valuation underscores how quickly open models have become a front-line competitive arena, not a side project.
Hermeus ($200M from Khosla Ventures): Hermeus is developing hypersonic aircraft designed to make long-haul travel dramatically faster, compressing routes like transoceanic flights into a fraction of today’s time. What’s interesting now is the shift from concept to execution: the company has been iterating through real hardware and test programs to de-risk propulsion, thermal management, and materials—where most “faster airplane” pitches die. Defense and national-security interest continues to pull hypersonics forward, and that often creates the early budgets, facilities access, and flight-test cadence that later spill into commercial ambitions. Khosla Ventures led a $200M Series C that values the company at $1B, keeping Hermeus in the small set of aviation startups funded to run multiple expensive build-test cycles.
Quantum Motion ($160M from DCVC and Kembara): Quantum Motion is building a universal quantum computer using CMOS-compatible processes, a pragmatic approach that tries to make quantum hardware look more like scalable semiconductor manufacturing than bespoke lab equipment. The core appeal is manufacturability: if qubits can be fabricated and controlled using tooling and processes adjacent to existing chip fabs, the path to higher volumes and tighter tolerances gets less speculative. That stance also fits the current market reality—buyers and governments are getting less patient with “science project” roadmaps and more focused on credible engineering routes to scale. The company raised a $160M Series C led by DCVC and Kembara, giving it a longer runway to prove that CMOS-friendly quantum isn’t just elegant on paper but reproducible in production-like flows.
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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.