Mammoth ambitions: Colossal Biosciences raised a $200 million Series C round of funding at a colossal $10.2 billion valuation with the equally big ambition of bringing back the woolly mammoth and two other extinct species.
Taking off: Fast-growing space infrastructure startup Loft Orbital raised $170 million in Series C funding co-led by Tikehau Capital and Axial Partners. It declined to reveal its valuation, but that's more capital in one round than the combined $160 million it had raised to date.
Rise of avatars: Synthesia, a British startup whose AI technology helps companies build avatar-based videos, closed a Series D funding round of $180 million led by NEA at a valuation of $2.1 billion.
GPT for biology: French AI startup Bioptimus raised $41 million to develop a foundational AI model for biology, trained specifically for downstream biological applications.
Digital switch: With the ambition to become the biggest fintech startup in the healthcare industry, Berlin-based startup Nelly raised $51 million in Series B funding to help more medical practices switch to a digital workflow.
Quantum acceleration: Quantum computing startup SEEQC raised a $30 million Series A extension co-led by Booz Allen and NordicNinja to accelerate the commercial rollout of its chips and improve their capabilities.
Spinning off: Intel announced plans to spin off its corporate venture arm, Intel Capital, into a stand-alone fund, which will begin operating independently in the second half of 2025 with Intel as an "anchor investor."
Founders and investors: Powerset, the investment program co-founded by AngelList alum Jake Zeller that operates as a sort of decentralized venture fund, will give five to 10 founders $1 million to invest in other startups.
Nvidia's AI empire: Only a few days after TechCrunch's roundup of Nvidia's startup investments, another one was added: MetAI, a Taiwanese company that creates Al-powered digital twins.
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