From Series A to E, this week brought us an alphabet of funding rounds — and fresh capital for manufacturing and defense tech. Plus, a veteran VC is moving to the other side of the table.
Thriving: AI drug-discovery platform Isomorphic Labs raised a $600 million round, its first external funding since spinning out of Google's DeepMind in 2021. The round was led by Thrive Capital, with participation from GV and existing investor Alphabet.
Covered: Plaid raised $575 million at a $6.1 billion valuation — less than half its peak $13.4 billion valuation, but more than Visa would have paid in the acquisition that fell through in 2021. The fintech company also said it is "well-capitalized" and won't go public this year.
Durable execution: Temporal, a company whose open source and commercial offerings help developers execute long workflows reliably, raised a $146 million Series C at a $1.72 billion post-money valuation.
Now time: Retym (pronounced "re-time"), a chipmaker for AI data centers founded in 2021 but flying under the radar until now, raised a $75 million series D led by Spark Capital.
In flux: Aetherflux raised a $50 million Series A to advance its vision of deploying space-based solar power stations, with a first demo planned for 2026. This brings its total funding to $60 million; its CEO, Robinhood co-founder Baiju Bhatt, also invested $10 million of his own.
Future of housing? Roam, a startup that helps prospective homeowners find properties with assumable mortgages, closed an $11.5 million Series A led by Khosla Ventures managing director Keith Rabois.
New bricks: Construct Capital, a Washington, D.C.-based early-stage VC firm that invests in startups related to manufacturing, transportation, and defense tech, closed a $300 million third fund.
New tunes: Fintech VC Frank Rotman will step down from QED Investors and into a partner emeritus role to focus on founding his own startups, starting with a first business in the music industry.
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