Unveiling This Weeks Most Massive Startup Funding Hauls

On June 28, 2024, significant developments occurred in the Web3 and AI sectors, marked by substantial funding rounds. Sila Nanotechnologies secured $375 million for next-generation battery materials, aiming to complete a new plant in Washington. Formation Bio raised $372 million to accelerate drug development using AI. CData Software obtained $350 million for data connectivity solutions, led by Warburg Pincus and Accel. Creatio and Foodsmart each received $200 million, focusing on global CRM expansion and enhancing telenutrition, respectively. Sidecar Health raised $165 million for its unique healthcare insurance model, while EvolutionaryScale attracted $142 million to develop new proteins using AI. Etched.ai garnered $120 million for its energy-efficient AI chip. Bright Machines raised $106 million for software-defined manufacturing systems. Hebbia and LanzaJet each secured $100 million, focusing on generative AI for document search and sustainable fuel technology, respectively.

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