Some mega-rounds were announced this week, and smaller but still hefty amounts also went to startups tackling big problems.
Quick commerce, quick funding: Indian quick-commerce startup Zepto raised $350 million in new funding, its third round of financing in only six months ahead of a planned IPO next year.
Gold rings: Finnish smart ring maker Oura raised a $75 million investment from glucose device maker Dexcom in a Series D round of funding that brought its valuation to more than $5 billion.
New unicorn: Lighthouse, a data analytics platform for the hospitality industry, raised a Series C round of $370 million led by KKR at a $1 billion valuation.
Egg-like fusion: U.K.-based nuclear startup Tokamak Energy raised $125 million to continue development of its egg-like reactor design. The U.K. Atomic Energy Authority spinout has been working on fusion since 2009.
Crossing the Atlantic: Portuguese dual-use drone startup Tekever raised €70 million ($74 million) in a Series B round led by Scottish investment company Baillie Gifford & Co. and the NATO Innovation Fund. The funding will help it expand into new markets, specifically the U.S.
Lightening up: Lightning AI, a startup that adapts PyTorch Lightning to enterprise needs and supports their AI plans, recently secured $50 million from Cisco Investments, J.P. Morgan, Nvidia, and K5 Global to expand the Lightning platform to new markets and grow its customer base.
Good cause: OneCell Diagnostics, a startup that works on limiting cancer recurrence with AI, raised $16 million in an oversubscribed Series A round that will help it expand into the U.S. and scale its business in India.
