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  • Decagon raises $131M, Norrsken bets $350M on AI-for-good, and VC stacks $12.5B+ for deep-tech, fin-tech, & defense-tech's next wave

Decagon raises $131M, Norrsken bets $350M on AI-for-good, and VC stacks $12.5B+ for deep-tech, fin-tech, & defense-tech's next wave

Oh, and also, PhysicsX lands $135M to rewire engineering with AI, Parallel Bio bets big on organoids over animal testing, and Claira’s deal intel AI lights up Wall Street.

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Your dose of daily dealflow, essential VC & tech trends to know. The biggest moves in venture, all in one place. Celebrating startups, founders, and funders.

👋 Let’s get right into it…

Today’s venture pulse is beating loud across deeptech, defense, and next-gen AI infrastructure. Decagon’s $131M raise at a $1.5B valuation isn’t just about customer service, it’s a signal that enterprise AI isn’t cooling off anytime soon. Norrsken’s $350M commitment to “AI-for-good” startups across Europe adds moral momentum to the technical race, aiming AI at climate, health, and food equity with precision backing.

Meanwhile, Parallel Bio’s $21M Series A rethinks drug discovery at the cellular level—ditching lab rats for human organoids—and Obviant’s OSINT-fueled platform just pulled in $7.1M to modernize defense acquisitions. Throw in PhysicsX’s massive $135M Series B to supercharge engineering simulation with AI, and you’ve got one clear theme: Foundational, future-ready tech is drawing the smartest capital on the board.

Whether it's AI-meets-biotech, military-grade SaaS, or physical infrastructure for real-world AI, today’s flow says: deep, hard, defense tech is the hottest stuff around.

🧠 Dopamine Dealflow

  • Abridge (Pittsburgh, PA) – Raised $300M Series E, led by Andreessen Horowitz with Khosla Ventures, to automate clinical documentation in healthcare using AI.

  • Waltz (San Juan, PR) – Raised $50M equity + debt, including a $25M credit line from Setpoint Capital, to streamline U.S. real estate investing for LATAM buyers.

  • Arine (San Francisco, CA) – Raised $30M Series C, led by Town Hall Ventures and Kaiser Permanente Ventures, to optimize medication use with AI.

  • Wispr Flow (San Francisco, CA) – Raised $30M Series A, backed by Menlo Ventures, NEA, 8VC, and angels like Pinterest Founder Evan Sharp, to build an AI dictation app for professionals.

  • Juniper Square’s (New York, NY) $130M Series D, led by Ribbit Capital, marks a strong vote of confidence in fintech solutions powering private markets, as fund administration and LP workflows become mission-critical.

  • Jaan Health (New York, NY) – Raised $25M+, including $15M non-dilutive from Level Structured Capital, to grow its chronic care AI platform.

  • Novoloop (Menlo Park, CA) – Raised $21M Series B, led by Taranis, to scale plastic upcycling for thermoplastic polyurethane production.

  • Eventual (Remote) – Raised $27.5M combined Seed + Series A, led by CRV and Felicis with backing from M12 and Citi, to power Python-native multimodal data pipelines.

  • Paraform (San Francisco, CA) – Raised $20M Series A, led by Felicis, BOND, and DST Global, to supercharge recruiter hiring with AI.

  • SuperDial (San Francisco, CA) – Raised $15M Series A, including $3M venture debt, led by SignalFire, to automate healthcare phone operations with AI.

  • Quinn (New York, NY) – Raised $11M Seed, led by Viola Fintech, to bring scalable AI wealth advice to financial institutions.

  • Skyramp (San Francisco, CA) – Raised $10M Seed, led by Sequoia Capital, to deliver AI-powered testing for software teams.

  • Claira (New York, NY) – Raised $7M Seed, co-led by Barclays, Citi, and Reimagine Tech Ventures, for AI deal intelligence in finance.

  • Blank Metal (Minneapolis, MN) – Raised $3M Seed, from Rally Ventures and Traction Capital, to fast-track enterprise AI deployments.

  • MicroPure Genomics (Houston, TX) – Raised $1.25M SBIR Phase II Grant, from NSF, to build its end-to-end genomic sample prep platform.

💸 VC Funds Raised & Raising

  • Greenbelt Capital Partners hit a $1B hard cap for its first fund since spinning off from Trilantic, focusing on energy transition investments.

  • Quantum Capital Group is seeking $4.5B for its ninth flagship fund targeting oil & gas bets.

  • Endeavor Catalyst is raising $300M for Fund V to support breakout founders in emerging markets.

  • Hg is targeting $11.5B across its latest mid-market and lower mid-market funds focused on European software.

  • Elevate and Velocity Capital are launching a $500M Collegiate Investment Initiative to fund startups led by college athletes, with backing from Texas Permanent School Fund.

  • Project A raised $373M to back European startups, with a strategic push into defense tech.

  • Jadwa Investment Co. plans to raise $104M for private equity deals and portfolio growth across the Middle East.

  • Nazca is looking to raise $150M for its next Mexican VC fund.

  • Daiwa Securities, along with Samty Holdings and Hillhouse Investment, is forming a $690M Japan-focused real estate fund.

  • CIC, China's sovereign wealth fund, scrapped its planned $1B sale of American PE LP stakes tied to funds like Carlyle, KKR, and TPG.

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