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This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding deal roundup here.
Databricks is back raising another $5 billion, after it raised that amount eight months ago. The largest fundings also went to an AI neolab, data center and electricity storage, defense, coding and biotech. Let’s take a look.
1. Databricks, $5B, data platform: Databricks has surpassed a $7 billion revenue run rate, with more than 80% year-over-year growth in Q2. The San Francisco-based company raised $ 5 billion in a funding round led by Coatue, with participation from Blackstone, MGX, T. Rowe Price, and new investor Sixth Street Growth, and raised its valuation to $190 billion. Databricks was valued at $134 billion back in December 2025 when the company announced it had surpassed a $4.8 billion revenue run rate. From its Series A funding of $13 million in 2013, the 13-year-old company has raised around $25 billion in funding over all time, per Crunchbase data.
2. River AI, $1.1B, AI reinforcement learning: Founded earlier this year, River AI raised $1.1 billion across its seed and Series A rounds led by AMP PBC and General Catalyst, with strategic investment from Nvidia and AMD Ventures. Its founder, Igor Babuschkin, has been at the center of AI developments at Google DeepMind, OpenAI and xAI over the past decade. The Palo Alto, California-based company seeks to build AI that is personalized and trained directly on what a company or person needs to accomplish, giving the end user control.
3. Form Energy, $750M, electric grid: Form Energy raised a Series G funding round led by T. Rowe Price. The Massachusetts-based company builds longer-lasting 100-hour batteries for grid electricity storage. A host of investors participated, including private equity, venture and angels, and infrastructure and climate-focused investors Blindspot Ventures, Breakthrough Energy Ventures, Energy Impact Partners, GE Vernova, Gigascale Capital, NGP Energy Technology Partners, Prelude Ventures and the TPG Rise Climate Fund.
4. Neros Technologies, $250M, defense: Neros Technologies, a defense drone manufacturer and drone interceptor, raised a $250 million Series C led by American Strategic Technology Fund and Sequoia Capital. The Los Angeles-based company, founded in 2023, has raised $370 million to date, per Crunchbase data. The company announced that by 2028 it will be building 1 million drones per year. It has contracts with the U.S. military and half a dozen allied countries across Europe, Asia and the Middle East.
5. CodeRabbit, $143M, AI code review: CodeRabbit, which has developed an open-source AI code review technology used by 150,000 open-source projects and 17,000 customers, according to the company, is on a roll. London-based Atomico and Los Angeles’ Smash Capital led its Series C, and the Walnut Creek, California-based company plans to set up a London office based on customer interest across Europe. As coding becomes increasingly automated, code review is critical to determine which projects meet production standards.
6. Point2 Technology, $136M, datacenter networking: Point2 Technology, which builds interconnect solutions for AI data centers, raised an extension of its Series B led by Korea-based LB Investment, including a strategic investment from Arm Holdings and participation from existing investor Maverick Silicon. The San Jose, California-based company raised $136 million in the Series B.
7. Bridge to Life, $110M, organ preservation: Bridge to Life, a 21-year-old organ preservation company, raised a $100 million Series C funding led by Soleus Capital and Lauxera Capital Partners. The Illinois-based company is developing an organ viability assessment tool to expand the market and will use the proceeds to extend its VitaSmart technology to U.S. transplant centers.
8. (tied) Aureka Biotechnologies, $100M, protein therapeutics: Aureka Biotechnologies, an AI-native drug discovery platform, raised $100 million in Series B funding led by Granite Asia. Based in Shanghai and California, the 3-year-old company has raised $200 million to date. Proceeds will go toward training its model with its lab-in-the-loop feedback mechanism.
8. (tied) PointsKash, $100M, loyalty rewards: PointsKash, a loyalty reward mobile app, raised private equity funding led by Hawk Capital Investors. The Florida-based company provides in-store kiosks for cash, loans and rewards.
10. Epicrispr Biotechnologies, $90M, biotechnology: Epicrispr Biotechnologies, a developer of genetic medicines, raised a $90 million Series C led by Janus Henderson Investors and Octagon Capital Advisors. The San Francisco-based company develops treatments for neuromuscular disease through modulating genes.
Large non-US deals:
Several startups based outside the U.S. also raised notable rounds this week. They include:
Lovable, $400M, automated applications: Lovable raised a $400 million Series C funding led by EQT and Menlo Ventures, valuing the company at $13.3 billion. The Stockholm-based company claims 900 million visits each month and 60 million projects created. Lovable’s Series B raise in December 2025, co-led by Menlo Ventures, valued the company at $6.6 billion.
Cambridge Aerospace, $300M, defense: Cambridge Aerospace, a U.K. defense tech company, raised a $300 million Series C led by DFJ Growth. The 2-year-old company raised a $200 million Series B in April led by Spark Capital and Gil Capital. Since its Series B funding, the U.K. Ministry of Defence has committed to purchasing its Skyhammer air defense system to intercept drones and low-speed missiles.
Methodology
We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the period of Aug. 8-14. Although most announced rounds are in the database, there may be a small time lag, as some rounds are reported late in the week.
Illustration: Dom Guzman
