Last Week’s Biggest Funding Rounds


1. OpenAI, $10B, artificial intelligence: The deal had been rumored for weeks but was finally made official. Microsoft confirmed it has agreed to a “multiyear, multibillion-dollar investment” into OpenAI, the startup behind the artificial intelligence tools ChatGPT and DALL-E. 

2. Paradigm, $203M, health care: New York-based Paradigm emerged this week looking to take on one of the more complicated aspects of the health care industry. The startup, conceived by Arch Venture Partners and co-incubated by Arch and General Catalyst, raised a $203 million Series A. 

3. Boston Metal, $120M, cleantech: Certain parts of cleantech seem to do well in turbulent VC times, and right now eliminating greenhouse gas is big. Boston Metal was the latest to get funding in the cleantech space, taking in a big $120 million round led by steel and mining company ArcelorMittal. 

4. Alleviant Medical, $75M, medical devices: Austin, Texas-based Alleviant Medical landed a $75 million equity financing co-led by S3 Ventures and RiverVest Venture Partners to help combat heart failure. 

5. Osmo, $60M, artificial intelligence: Yet another AI company. However, this one is a little different. Osmo — a spinout of Google Research — is trying to give computers a sense of smell.

5. QuickNode, $60M, blockchain: It has been a tough fundraising environment for Web3 startups lately. However, that didn’t stop Miami-based blockchain development platform QuickNode from closing a $60 million Series B funding led by 10T Holdings that values the company at $800 million. 

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Mark Kalin

Achiever, Competition, Futuristic, Maximizer, Significance