<script data-pm-proxy="intercept"></script><?xml version="1.0" encoding="UTF-8"?><rss xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:atom="http://www.w3.org/2005/Atom" version="2.0" xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd" xmlns:googleplay="http://www.google.com/schemas/play-podcasts/1.0"><channel><title><![CDATA[PostRound]]></title><description><![CDATA[Data & thoughts on early stage fundraising]]></description><link>https://postround.substack.com</link><image><url>https://substackcdn.com/image/fetch/$s_!9Zpw!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F33468acd-2a4a-4ebe-b676-9cc4961f2ed1_264x264.png</url><title>PostRound</title><link>https://postround.substack.com</link></image><generator>Substack</generator><lastBuildDate>Tue, 01 Sep 2026 10:10:10 GMT</lastBuildDate><atom:link href="/__u/postround.substack.com/feed" rel="self" type="application/rss+xml"/><copyright><![CDATA[Aaron]]></copyright><language><![CDATA[en]]></language><webMaster><![CDATA[postround@substack.com]]></webMaster><itunes:owner><itunes:email><![CDATA[postround@substack.com]]></itunes:email><itunes:name><![CDATA[Aaron Harris]]></itunes:name></itunes:owner><itunes:author><![CDATA[Aaron Harris]]></itunes:author><googleplay:owner><![CDATA[postround@substack.com]]></googleplay:owner><googleplay:email><![CDATA[postround@substack.com]]></googleplay:email><googleplay:author><![CDATA[Aaron Harris]]></googleplay:author><itunes:block><![CDATA[Yes]]></itunes:block><item><title><![CDATA[Series A activity: Week of August 23, 2026]]></title><description><![CDATA[There were 26 Series As in the last week that raised a total of $669.0 million. The average deal size was $25.7 million while the median was $20.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-august-716</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-august-716</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 31 Aug 2026 15:29:29 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!gf9m!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!gf9m!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!gf9m!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png 424w, /__u/substackcdn.com/image/fetch/$s_!gf9m!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png 848w, /__u/substackcdn.com/image/fetch/$s_!gf9m!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png 1272w, /__u/substackcdn.com/image/fetch/$s_!gf9m!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!gf9m!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png" width="1456" height="437" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/bc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:437,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:72314,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://postround.substack.com/i/213554350?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!gf9m!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png 424w, /__u/substackcdn.com/image/fetch/$s_!gf9m!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png 848w, /__u/substackcdn.com/image/fetch/$s_!gf9m!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png 1272w, /__u/substackcdn.com/image/fetch/$s_!gf9m!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fbc0bed87-36d7-4a0b-900b-7ee3d07358d3_1578x474.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Airbound</strong> raised $37 million from Greenoaks Capital on August 24, 2026. Autonomous delivery drones using blended wing body tailsitters. Airbound is based in Bengaluru, India. Website: www.airbound.co</p><p><strong>Asaya</strong> raised $9.2 million at a $41.8 million valuation from RPSG Capital Ventures on August 24, 2026. Luxury skincare line for melanin-rich complexions. Asaya is based in Bengaluru, India. Website: www.worldofasaya.com</p><p><strong>Cosmos Lab</strong> raised $15.9 million on August 24, 2026. Aqueous zinc-halogen battery manufacturer. Cosmos Lab is based in Siheung, South Korea. Website: www.cosmoslab.kr</p><p><strong>Letara</strong> raised $16.4 million from Headline, Incubate Fund, JIC Venture Growth Investments on August 24, 2026. Hybrid rocket propulsion for space logistics. Letara is based in Sapporo, Japan. Website: www.letara.space</p><p><strong>Newcode.ai</strong> raised $13.5 million from OnDean on August 24, 2026. AI-powered platform streamlining legal operations and document management. Newcode.ai is based in Oslo, Norway. Website: www.newcode.ai</p><p><strong>Digs</strong> raised $25.3 million from Builders FirstSource on August 25, 2026. SaaS platform streamlining preconstruction planning and collaboration. Digs is based in Vancouver, WA, United States. Website: www.digs.com</p><p><strong>Emerald AI</strong> raised $150 million at a $1.1 billion valuation from Data Collective, Energize Ventures on August 25, 2026. Software for aligning data center demands with power grid conditions. Emerald AI is based in Washington, DC, United States. Website: www.emeraldai.co</p><p><strong>Hike Medical</strong> raised $22.5 million from Saga on August 25, 2026. AI-native vertically integrated durable medical equipment provider. Hike Medical is based in San Francisco, CA, United States. Website: www.hikemedical.com</p><p><strong>Payload</strong> raised $9 million from Fifth Third Capital on August 25, 2026. Embedded payments platform for products and services. Payload is based in Cincinnati, OH, United States. Website: www.payload.com</p><p><strong>Quintessent</strong> raised $40 million from Cycle Capital Management on August 25, 2026. Quantum dot lasers and photonic interconnects for AI datacenters. Quintessent is based in Goleta, CA, United States. Website: www.quintessent.com</p><p><strong>VitalFluid</strong> raised $20.1 million from Invest-NL on August 25, 2026. Plasma Activated Water systems for on-site crop protection. VitalFluid is based in Eindhoven, Netherlands. Website: www.vitalfluid.nl</p><p><strong>Adaptyv Biosystems</strong> raised $40 million from Highland Europe on August 26, 2026. Automated wet-lab platform for AI-driven protein design and validation. Adaptyv Biosystems is based in Lausanne, Switzerland. Website: www.adaptyvbio.com</p><p><strong>Deep Cogito</strong> raised $43 million from TQ Ventures on August 26, 2026. Building general superintelligence with advanced reasoning LLMs. Deep Cogito is based in San Francisco, CA, United States. Website: www.deepcogito.com</p><p><strong>Mundo AI</strong> raised $20 million from GreatPoint Ventures on August 26, 2026. Multilingual training data platform for AI models. Mundo AI is based in San Francisco, CA, United States. Website: www.mundoai.world</p><p><strong>Onos Health</strong> raised $17 million from Costanoa Ventures on August 26, 2026. AI platform empowering health plans to improve care quality and value. Onos Health is based in San Francisco, CA, United States. Website: www.onoshealth.com</p><p><strong>RFC Power</strong> raised $13.6 million from British Business Bank on August 26, 2026. Manganese flow battery technology developer. RFC Power is based in Horsham, United Kingdom. Website: www.rfcpower.com</p><p><strong>Ringg AI</strong> raised $10 million from Peak XV Partners on August 26, 2026. Software for lead generation and AI voice assistants in industry. Ringg AI is based in Bengaluru, India. Website: www.ringg.ai</p><p><strong>Runable</strong> raised $21 million at a $65 million valuation from Nexus Venture Partners, SIG Venture Capital on August 26, 2026. AI agent for building websites, apps, and marketing automation. Runable is based in Bengaluru, India. Website: www.runable.com</p><p><strong>SiFly</strong> raised $20 million from Shield Capital on August 26, 2026. Long-endurance drones with AI and cloud connectivity. SiFly is based in Santa Clara, CA, United States. Website: www.sifly.co</p><p><strong>Voya Energy</strong> raised $35 million from Energy Impact Partners on August 26, 2026. Energy management technology turning recycled metals into safe fuel. Voya Energy is based in Hayward, CA, United States. Website: www.voya.energy</p><p><strong>Autonomy</strong> raised $8 million from Banco Comafi, Magna Capital, Murchison Ventures, Natan VC on August 27, 2026. Vehicle financing platform for rent-to-own mobility vehicles. Autonomy is based in Buenos Aires, Argentina. Website: www.autonomylatam.com</p><p><strong>CivilGrid</strong> raised $26 million from Spark Capital on August 27, 2026. Construction intelligence platform for site data and due diligence. CivilGrid is based in San Francisco, CA, United States. Website: www.civilgrid.com</p><p><strong>Cloverleaf AI</strong> raised $8 million from S3 Ventures on August 27, 2026. AI platform providing insights from government meetings for suppliers. Cloverleaf AI is based in Denver, CO, United States. Website: www.cloverleaf.ai</p><p><strong>Inspecity</strong> raised $10.5 million from Speciale Invest on August 27, 2026. Building sustainable human habitats for space exploration. Inspecity is based in Thane, India. Website: www.inspecity.com</p><p><strong>InstaAstro</strong> raised $12 million from Artha Venture Fund, Singularity Growth on August 27, 2026. Astrology platform offering consultations and wellness guidance. InstaAstro is based in Noida, India. Website: www.instaastro.com</p><p><strong>Metriport</strong> raised $26 million from Matrix on August 27, 2026. API for accessing and managing healthcare data and EHR integration. Metriport is based in San Francisco, CA, United States. Website: www.metriport.com<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Emerald AI ($150M from Data Collective, Energize Ventures): </strong>Emerald AI builds software that helps data centers match their compute load to real-time grid conditions - shifting when and where power is available instead of treating electricity as an always-on commodity. As AI facilities ramp from tens to hundreds of megawatts, this kind of orchestration is becoming a gating factor for getting projects approved and keeping uptime without blowing up power costs. The product sits in the messy middle between utilities, grid operators, and operators of hyperscale and colo sites, where even small improvements in curtailment, demand response, and siting decisions can translate into big dollars. The $150M Series A led by Data Collective and Energize Ventures puts Emerald in the rare &#8220;infrastructure software meets energy markets&#8221; lane at a moment when interconnection queues and power contracts are slowing AI buildouts.</p><p><strong>Quintessent ($40M from Cycle Capital Management): </strong>Quintessent makes quantum dot lasers and photonic interconnect components that aim to move data around AI datacenters faster and with less power than today&#8217;s electrical links. The timing is notable: scaling clusters now runs into bandwidth and energy limits inside the rack and across the fabric, pushing the industry toward optics everywhere - not just between buildings. Quantum dot laser tech has a reputation for better temperature stability and efficiency, which matters when you&#8217;re packing optics next to hot accelerators and trying to keep yields high. Quintessent&#8217;s $40M round led by Cycle Capital Management suggests it&#8217;s gearing up for the hard part - manufacturing readiness and design wins in a supply chain that rewards proven reliability.</p><p><strong>Adaptyv Biosystems ($40M from Highland Europe): </strong>Adaptyv Biosystems sells an automated wet-lab platform that closes the loop between AI protein design and real-world validation, turning &#8220;we designed it&#8221; into &#8220;we measured it&#8221; at scale. The bottleneck in protein engineering has shifted from model output to experimental throughput and data quality, and Adaptyv is positioning itself as the factory floor for that iteration cycle. What&#8217;s interesting is the pairing of automation with standardized, high-frequency assay data - exactly the kind of dataset teams need to keep improving their models rather than running one-off experiments. A $40M Series A led by Highland Europe gives it room to expand beyond early adopters into more pharma and industrial biotech labs that want faster design-build-test cycles without rebuilding their entire lab stack.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of August 16, 2026]]></title><description><![CDATA[There were 20 Series As in the last week that raised a total of $986.5 million. The average deal size was $49.3 million while the median was $15.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-august-35e</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-august-35e</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 24 Aug 2026 11:54:56 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!JNg0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!JNg0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!JNg0!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png 424w, /__u/substackcdn.com/image/fetch/$s_!JNg0!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png 848w, /__u/substackcdn.com/image/fetch/$s_!JNg0!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png 1272w, /__u/substackcdn.com/image/fetch/$s_!JNg0!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png 1456w" sizes="100vw"><img 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png 424w, /__u/substackcdn.com/image/fetch/$s_!JNg0!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png 848w, /__u/substackcdn.com/image/fetch/$s_!JNg0!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png 1272w, /__u/substackcdn.com/image/fetch/$s_!JNg0!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Feba9f3a2-1358-4260-80b8-bc1223397f37_1956x580.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Amber</strong> raised $8.1 million from NRW.Venture, Ventech on August 17, 2026. Intelligent enterprise search engine integrating company data sources. Amber is based in Aachen, Germany. Website: www.amber.de</p><p><strong>Gravis Robotics</strong> raised $200 million from SoftBank on August 17, 2026. Retrofit autonomy systems for heavy construction machinery. Gravis Robotics is based in Z&#252;rich, Switzerland. Website: www.gravisrobotics.com</p><p><strong>Palona AI</strong> raised $20 million from Ardenwood Ventures on August 17, 2026. AI technologies to enhance direct-to-consumer growth. Palona AI is based in Palo Alto, CA, United States. Website: www.palona.ai</p><p><strong>Takt</strong> raised $9.2 million from Ballast Point Partners on August 17, 2026. Warehouse labor management and intelligence platform with AI analytics. Takt is based in Reston, VA, United States. Website: www.takt.io</p><p><strong>Groq</strong> raised $350 million at a $3.5 billion valuation from Disruptive on August 18, 2026. AI inference technology for cloud and on-prem solutions at scale. Groq is based in San Jose, CA, United States. Website: www.groq.com</p><p><strong>Happy Health</strong> raised $75 million from ARCH Venture Partners, OpenLoop on August 18, 2026. Wearable technology for measuring stress and mood continuously. Happy Health is based in Austin, TX, United States. Website: www.happyring.com</p><p><strong>Jem</strong> raised $8.4 million from Quona Capital on August 18, 2026. HR software for frontline worker payroll and communication. Jem is based in Cape Town, South Africa. Website: www.jemhr.com</p><p><strong>Luca</strong> raised $8 million from 6 Degrees Capital on August 18, 2026. Learning platform offering K12 programs for Spanish-speaking students. Luca is based in Mexico City, Mexico. Website: www.lucaedu.com</p><p><strong>NeoGeo</strong> raised $20 million from Aavishkaar Capital, Neev Fund on August 18, 2026. Geospatial services organization providing geographic insights. NeoGeo is based in Gurgaon, India. Website: www.neogeoinfo.com</p><p><strong>Rezolv</strong> raised $12.5 million from Norwest Venture Partners on August 18, 2026. AI-powered debt collections platform for financial institutions. Rezolv is based in Mumbai, India. Website: www.rezolv.com</p><p><strong>Velaura AI</strong> raised $110 million at a $1 billion valuation from Seligman Ventures on August 18, 2026. Ultra-low-power AI compute technologies for scalable infrastructure. Velaura AI is based in Santa Clara, CA, United States. Website: www.velaura.ai</p><p><strong>Boom</strong> raised $15 million from S3 Ventures on August 19, 2026. Financial solutions for credit and rent payments. Boom is based in Austin, TX, United States. Website: www.boompay.app</p><p><strong>Ours Privacy</strong> raised $15 million from Health Velocity Capital, Lightbank on August 19, 2026. HIPAA-compliant CDP for privacy-focused data management and ads. Ours Privacy is based in Houston, TX, United States. Website: www.oursprivacy.com</p><p><strong>RockRose Risk</strong> raised $12.5 million from Congruent Ventures, Crosslink Capital on August 19, 2026. Insurance broker specializing in risk mitigation for property owners. RockRose Risk is based in Napa, CA, United States. Website: www.rockroserisk.com</p><p><strong>TravelX</strong> raised $44.8 million from Kaszek Ventures on August 19, 2026. Blockchain-based ticketing solution for airlines and customers. TravelX is based in Miami, FL, United States. Website: www.travelx.io</p><p><strong>FSH Technologies</strong> raised $20 million from Acrew Capital, Lachy Groom on August 20, 2026. Content repurposing platform for audience engagement. FSH Technologies is based in Philadelphia, PA, United States. Website: www.fshtechnologies.org</p><p><strong>GTE</strong> raised $15 million from Paradigm on August 20, 2026. Decentralized exchange for perpetual futures and prediction markets. GTE is based in New York, NY, United States. Website: www.gte.xyz</p><p><strong>NeoSoul</strong> raised $11 million from 0G Foundation, Amber Group, ArkStream Capital, CatcherVC, Kirin Capital, MH Ventures, NewOak on August 20, 2026. Autonomous agent platform for controlled market execution. NeoSoul is based in Kuala Lumpur, Malaysia. Website: www.neosoul.ai</p><p><strong>Thunder Compute</strong> raised $13 million from Matrix on August 20, 2026. GPU cloud platform for AI/ML at lower prices. Thunder Compute is based in San Francisco, CA, United States. Website: www.thundercompute.com</p><p><strong>Vessev</strong> raised $19 million from Blackbird Ventures on August 20, 2026. Electric hydrofoiling vessels for cleaner marine transport. Vessev is based in Auckland, New Zealand. Website: www.vessev.com<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Groq ($350M from Disruptive): </strong>Groq is rebuilding itself as an AI inference cloud, pairing custom systems with a neocloud footprint after its pivot from pure chipmaker to infrastructure provider. The $350M Series A, led by Disruptive with planned NVIDIA participation and a $3.5B valuation, sits on top of a large mid-year raise and keeps scaling capacity as the binding constraint. What stands out is the bet that speed and cost of serving models, not just training silicon, will define the next wave of AI compute customers.</p><p><strong>Vessev ($19M from Blackbird Ventures): </strong>Vessev makes electric hydrofoiling boats that lift above the water to cut drag, extending range and making battery-powered marine transport more practical for passenger and workboat use. Hydrofoiling sits at a real climate-and-logistics intersection: cleaner local water transit without waiting for entirely new hull designs or fossil-fuel hybrids to win. A $19M Series A led by Blackbird, with GD1, Shasta, and New Zealand angels, funds the jump from prototypes to deployable vessels and broader commercial routes.</p><p><strong><span>Thunder Compute ($13M from Matrix): </span></strong><span>Thunder Compute builds GPU virtualization so idle accelerators can be pooled and sold as usable capacity, treating GPUs more like network resources than locked boxes dedicated to a single workload. Average utilization in many AI data centers is still low, so unlocking stranded capacity is a direct lever on the GPU shortage. A $13M Series A led by Matrix, with Y Combinator and CEAS, is a clean bet that the next efficiency wave in AI infrastructure is utilization, not just shipping more chips.</span></p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of August 9, 2026]]></title><description><![CDATA[There were 14 Series As in the last week that raised a total of $1.4 billion. The average deal size was $103.3 million while the median was $24.6 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-august-8e0</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-august-8e0</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 17 Aug 2026 11:47:23 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!TRaB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!TRaB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!TRaB!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png 424w, /__u/substackcdn.com/image/fetch/$s_!TRaB!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png 848w, /__u/substackcdn.com/image/fetch/$s_!TRaB!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png 1272w, /__u/substackcdn.com/image/fetch/$s_!TRaB!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png 1456w" sizes="100vw"><img 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data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:438,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:85213,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://postround.substack.com/i/211498446?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!TRaB!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png 424w, /__u/substackcdn.com/image/fetch/$s_!TRaB!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png 848w, /__u/substackcdn.com/image/fetch/$s_!TRaB!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png 1272w, /__u/substackcdn.com/image/fetch/$s_!TRaB!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F92e7ca4d-9002-4304-a75b-06fdc20121df_1974x594.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Edgify</strong> raised $9 million from Mangrove Capital Partners, Rank Ventures on August 10, 2026. Edge AI computer-vision platform for grocery retailers. Edgify is based in London, United Kingdom. Website: www.edgify.ai</p><p><strong>Padelcity</strong> raised $13.9 million from Compagnie des Alpes on August 10, 2026. Padel sports club operator building community around the sport. Padelcity is based in Munich, Germany. Website: www.padelcity.de</p><p><strong>Axle</strong> raised $17.5 million from Base10 Partners on August 11, 2026. Open platform for consumer-permissioned insurance data verification. Axle is based in Atlanta, GA, United States. Website: www.axle.insure</p><p><strong>Infinimmune</strong> raised $75 million from Playground Global, Regeneron Ventures on August 11, 2026. AI antibody discovery platform using human immune repertoires and language models. Infinimmune is based in Alameda, CA, United States. Website: www.infinimmune.com</p><p><strong>River AI</strong> raised $1.1 billion from AMP PBC, General Catalyst on August 11, 2026. Personal AI workspace and model fine-tuning platform. River AI is based in Palo Alto, CA, United States. Website: www.river.ai</p><p><strong>Silicon Data</strong> raised $30.5 million from Valor Atreides AI Fund on August 11, 2026. Independent benchmark and verification layer for GPU and compute markets. Silicon Data is based in New York, NY, United States. Website: www.silicondata.com</p><p><strong>Trajectory</strong> raised $40 million from Sequoia Capital on August 11, 2026. Continual learning platform for AI-native companies. Trajectory is based in San Francisco, CA, United States. Website: www.trajectory.ai</p><p><strong>Whif</strong> raised $10.6 million from BSK Investment, CRIT Ventures, Kakao Ventures, Kolon Investment, Mirae Asset Capital, Murex Partners, SCL Investment, We Ventures on August 11, 2026. AI character storytelling and interactive content platform. Whif is based in Seoul, South Korea. Website: www.whif.io</p><p><strong>Baselayer</strong> raised $20 million from Koro Capital, M13 on August 12, 2026. AI platform that automates business risk assessment and B2B fraud checks. Baselayer is based in New York, NY, United States. Website: www.baselayerhq.com</p><p><strong>Mindgard</strong> raised $30 million from Album VC on August 12, 2026. AI security testing to protect systems from emerging threats. Mindgard is based in London, United Kingdom. Website: www.mindgard.ai</p><p><strong>Centricity</strong> raised $29.3 million from Global Brain, SMBC Asia Rising Fund on August 13, 2026. Digital private wealth management platform for investment professionals. Centricity is based in New Delhi, India. Website: www.centricity.co.in</p><p><strong>Aligned Marketplace</strong> raised $20 million from Venrock on August 14, 2026. Personalized primary care marketplace for the workforce. Aligned Marketplace is based in New York, NY, United States. Website: www.alignedmarketplace.com</p><p><strong>Princeton Critical Minerals</strong> raised $11 million from HAX on August 14, 2026. Cleantech lithium extraction and production from brine sources. Princeton Critical Minerals is based in Newark, NJ, United States. Website: www.pcmtech.com</p><p><strong>Vals.ai</strong> raised $40 million from Andreessen Horowitz on August 14, 2026. Transparent model-evaluation platform for industry-specific AI tasks. Vals.ai is based in San Francisco, CA, United States. Website: www.vals.ai<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>River AI ($1.1B from AMP PBC, General Catalyst): </strong>River AI is building a personal AI workspace and model fine-tuning platform at a scale more often reserved for later-stage infrastructure. A $1.1B Series A co-led by General Catalyst and AMP, with NVIDIA, AMD Ventures, Temasek, and Y Combinator in the round, is one of the strongest capital signals this week that frontier-adjacent AI products are being financed like critical compute infrastructure rather than conventional early-stage software.</p><p><strong>Trajectory ($40M from Sequoia Capital): </strong>Trajectory is building a continual-learning platform so AI-native companies can keep models improving after deployment instead of retraining from scratch. A $40M Series A led by Sequoia, with Bessemer, Radical Ventures, and angels including Jeff Dean and Fei-Fei Li, stands out because it bets on post-training learning as core infrastructure, not a research side project.</p><p><strong>Vals.ai ($40M from Andreessen Horowitz): </strong>Vals.ai builds transparent evaluations for industry-specific AI tasks&#8212;the layer that tells enterprises whether a model actually works on their work. A $40M Series A led by Andreessen Horowitz at a $400M valuation, with 8VC, Pear, and Bloomberg Beta in the syndicate, highlights how model evaluation is becoming a real category as companies move from demos to production.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of August 2, 2026]]></title><description><![CDATA[There were 20 Series As in the last week that raised a total of $732.2 million. The average deal size was $35.8 million while the median was $22.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-august-916</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-august-916</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 10 Aug 2026 11:50:11 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!kz6X!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!kz6X!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!kz6X!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png 424w, /__u/substackcdn.com/image/fetch/$s_!kz6X!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png 848w, /__u/substackcdn.com/image/fetch/$s_!kz6X!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png 1272w, /__u/substackcdn.com/image/fetch/$s_!kz6X!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!kz6X!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png" width="1456" height="430" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/b9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:430,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:91950,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://postround.substack.com/i/210533972?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!kz6X!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png 424w, /__u/substackcdn.com/image/fetch/$s_!kz6X!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png 848w, /__u/substackcdn.com/image/fetch/$s_!kz6X!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png 1272w, /__u/substackcdn.com/image/fetch/$s_!kz6X!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fb9d7d6ab-4bac-4712-a1d1-6264b8a49bf2_1984x586.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Andromeda Surgical</strong> raised $15 million from Standard Capital on August 3, 2026. Surgical robotics and medical device company. Andromeda Surgical is based in San Francisco, CA, United States. Website: www.andromedasurgical.com</p><p><strong>Dash Bio</strong> raised $30 million from Oak HC/FT on August 3, 2026. AI and robotics platform for automated drug-development bioanalysis. Dash Bio is based in Boston, MA, United States. Website: www.dash.bio</p><p><strong>Buzz Solutions</strong> raised $20 million from S3 Ventures on August 4, 2026. AI-powered platform for fault detection in power line inspections. Buzz Solutions is based in Palo Alto, CA, United States. Website: www.buzzsolutions.co</p><p><strong>Delightree</strong> raised $25 million from Accel, Emergent Ventures, Innovius Capital, Timber Grove Ventures on August 4, 2026. All-in-one franchising tech platform for emerging franchise businesses. Delightree is based in San Francisco, CA, United States. Website: www.delightree.com</p><p><strong>Ore Energy</strong> raised $43 million from HV Capital, Plural on August 4, 2026. Cost-effective multi-day energy storage for reliable renewable energy. Ore Energy is based in Amsterdam, Netherlands. Website: www.oreenergy.com</p><p><strong>RWX</strong> raised $12 million from Hyde Park Venture Partners on August 4, 2026. Software tools for optimizing reliability and developer experience. RWX is based in Columbus, OH, United States. Website: www.rwx.com</p><p><strong>Sinumy</strong> raised $35.2 million from mint, Miraidoa, Mitsubishi UFJ Capital, NOW, The Seibu Shinkin Capital, Theta Times, University of Tokyo Edge Capital on August 4, 2026. Hands-free Bluetooth authentication for gates, payments, and access control. Sinumy is based in Osaka, Japan. Website: www.sinumy.com</p><p><strong>AgriAI</strong> raised $12 million on August 5, 2026. AI-driven precision farming tools for smallholder farmers. AgriAI is based in Nairobi, Kenya. Website: www.agrikeai.com</p><p><strong>Aurelius Systems</strong> raised $40 million from Draper Associates, KAS Venture Partners on August 5, 2026. AI-powered laser systems for defense against unmanned aerial threats. Aurelius Systems is based in San Francisco, CA, United States. Website: www.aureliussystems.com</p><p><strong>InRisk Labs</strong> raised $27 million from Bessemer Venture Partners, Northpoint Capital on August 5, 2026. AI-led reinsurance and climate risk underwriting platform. InRisk Labs is based in Ahmedabad, India. Website: www.inrisklabs.com</p><p><strong>MittiLabs</strong> raised $9.5 million from Aramco Ventures on August 5, 2026. Satellite and AI platform reducing methane and water use in rice farming. MittiLabs is based in New York, NY, United States. Website: www.mittilabs.earth</p><p><strong>Moment</strong> raised $22 million from AlphaCode on August 5, 2026. Payments infrastructure for African markets. Moment is based in Dubai, United Arab Emirates. Website: www.momentco.net</p><p><strong>PineGap</strong> raised $8 million from Stellaris Venture Partners on August 5, 2026. AI-powered equity research platform for financial analysts. PineGap is based in New York, NY, United States. Website: www.pinegap.ai</p><p><strong>Salus Scientific</strong> raised $10.1 million on August 5, 2026. Healthcare safety technology for workers and patients in procedural medicine. Salus Scientific is based in Mount Pleasant, SC, United States. Website: www.salusscientific.com</p><p><strong>Sapiom</strong> raised $35 million from Dragonfly on August 5, 2026. Infrastructure for secure programmatic commerce for AI agents. Sapiom is based in San Francisco, CA, United States. Website: www.sapiom.ai</p><p><strong>Volta</strong> raised $299.4 million from Altimeter, Andreessen Horowitz, Azora, NVIDIA on August 5, 2026. AI cloud and data-center infrastructure company. Volta is based in Palo Alto, CA, United States. Website: www.volta.com</p><p><strong>Gravity</strong> raised $30.5 million from Committed Capital, Lightspeed Venture Partners on August 6, 2026. AI ad platform for monetizing conversations with contextual ads. Gravity is based in San Francisco, CA, United States. Website: www.trygravity.ai</p><p><strong>HomeRun</strong> raised $12 million from Nexus Venture Partners on August 6, 2026. On-demand platform for building and interior goods. HomeRun is based in Bengaluru, India. Website: www.home-run.co</p><p><strong>Na&#239;ve</strong> raised $28.5 million from Nexus Venture Partners on August 6, 2026. AI platform for autonomous employees and business automation. Na&#239;ve is based in San Francisco, CA, United States. Website: www.usenaive.ai</p><p><strong>Somos Internet</strong> raised $18 million from Ribbit Capital, Union Square Ventures on August 6, 2026. Network and telecommunications startup providing secure internet connection. Somos Internet is based in Medell&#237;n, Colombia. Website: www.somosinternet.co<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Volta ($299.4M from Altimeter, Andreessen Horowitz, Azora, NVIDIA): </strong>Volta is building AI cloud and data-center infrastructure at a moment when training and inference capacity is the binding constraint for frontier labs and enterprises. A ~$300M Series A co-led by Altimeter, Andreessen Horowitz, Azora, and NVIDIA stands out because it finances AI compute like critical industrial capacity&#8212;pairing top-tier software capital with the chipmaker whose GPUs define the stack.</p><p><strong>Ore Energy ($43M from HV Capital, Plural): </strong>Ore Energy is building multi-day energy storage designed to keep renewables reliable when the wind and sun don&#8217;t cooperate. The interesting bit is the focus on &#8220;boring&#8221; economics&#8212;storage that can be deployed at grid scale without the cost curve and supply constraints that punish many long-duration approaches. As Europe tightens grid-balancing requirements and accelerates renewables buildout, multi-day storage is shifting from pilot projects to procurement conversations, and Ore is positioning itself for that step-change. The $43M Series A led by HV Capital and Plural gives it the runway to move from engineering proof to repeatable deployments.</p><p><strong>Sapiom ($35M from Dragonfly): </strong>Sapiom builds the infrastructure layer that lets AI agents buy and sell things programmatically without turning payments, identity, and authorization into a security nightmare. As agentic workflows move from demos to real spend&#8212;booking, procurement, ad buying, and marketplace transactions&#8212;teams need auditable permissions, policy controls, and safer ways to let software act on behalf of a user or company. The company is riding a clear tailwind: commerce is becoming API-first again, but this time the &#8220;buyer&#8221; is software that needs guardrails and verifiable intent. Sapiom&#8217;s $35M Series A led by Dragonfly underscores how quickly agent commerce is becoming a real platform market.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series B activity: July 2026]]></title><description><![CDATA[There were 49 Series Bs in the last month that raised a total of $3.9 billion. The average deal size was $80.0 million while the median was $55.0 million.]]></description><link>https://postround.substack.com/p/series-b-activity-july-2026</link><guid isPermaLink="false">https://postround.substack.com/p/series-b-activity-july-2026</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Tue, 04 Aug 2026 11:46:28 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!fNwk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series B deals done worldwide (ex-China) where amount raised is greater than $15M and the company is not focused on therapeutics.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!fNwk!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!fNwk!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png 424w, /__u/substackcdn.com/image/fetch/$s_!fNwk!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png 848w, /__u/substackcdn.com/image/fetch/$s_!fNwk!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png 1272w, /__u/substackcdn.com/image/fetch/$s_!fNwk!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!fNwk!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png" width="1456" height="432" 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png 424w, /__u/substackcdn.com/image/fetch/$s_!fNwk!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png 848w, /__u/substackcdn.com/image/fetch/$s_!fNwk!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png 1272w, /__u/substackcdn.com/image/fetch/$s_!fNwk!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6d36097f-2163-4ebb-9333-befef5860da7_1948x578.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series B Deals</strong></h2><p><strong>Aligned</strong> raised $60 million from PeakSpan Capital on July 1, 2026. B2B collaboration platform for revenue teams in the digital era. Aligned is based in Plano, TX, United States. Website: www.alignedup.com</p><p><strong>Cobot AI</strong> raised $147 million from Guiyang Digital Economy Fund, Hengjian Asset Management, ICBC Capital, Shenzhen Capital Group, Sichuan Academician Fund, Zhurui Capital on July 1, 2026. AI orchestration platform unifying enterprise systems and intelligence. Cobot AI is based in Regina, Canada. Website: www.cobot.inc</p><p><strong>Twelve Labs</strong> raised $100 million from Naver Ventures, New Enterprise Associates on July 1, 2026. Video intelligence platform for searching and analyzing large video libraries. Twelve Labs is based in San Francisco, CA, United States. Website: www.twelvelabs.io</p><p><strong>Qolab</strong> raised $54.2 million from UC Investments on July 2, 2026. High-quality qubit production using advanced semiconductor processes. Qolab is based in Los Angeles, CA, United States. Website: www.qolab.ai</p><p><strong>Stenon</strong> raised $20.5 million from Pymwymic on July 2, 2026. Real-time soil analysis solutions for agriculture. Stenon is based in Potsdam, Germany. Website: www.stenon.io</p><p><strong>TJM Labs</strong> raised $75 million from Elephant on July 2, 2026. AI and tech innovation studio building enterprise software solutions. TJM Labs is based in Wilmington, DE, United States. Website: www.tjmlabs.com</p><p><strong>Urtopia</strong> raised $29.4 million from Brizan Ventures on July 3, 2026. Futuristic eBike design enhancing biking experience and lifestyle. Urtopia is based in Hong Kong. Website: www.newurtopia.com</p><p><strong>Even Realities</strong> raised $150 million from Meituan, Tencent on July 6, 2026. Augmented reality experiences blending digital and physical worlds. Even Realities is based in Hong Kong. Website: www.evenrealities.com</p><p><strong>The Protein Brewery</strong> raised $20.6 million from ABN AMRO on July 6, 2026. Alternative protein food ingredients from fermentation. The Protein Brewery is based in Breda, Netherlands. Website: www.theproteinbrewery.nl</p><p><strong>Pediatrica Health Group</strong> raised $28 million from Valspring Capital on July 7, 2026. Pediatric healthcare services group. Pediatrica Health Group is based in Coral Gables, FL, United States. Website: www.pediatrica.com</p><p><strong>Quaise</strong> raised $134 million from Prelude Ventures on July 7, 2026. Developing novel drilling systems to harness geothermal energy globally. Quaise is based in Cambridge, MA, United States. Website: www.quaise.com</p><p><strong>Fleek</strong> raised $25 million from Burda Principal Investments on July 8, 2026. B2B wholesale marketplace for second-hand fashion. Fleek is based in San Francisco, CA, United States. Website: www.joinfleek.com</p><p><strong>Handspring Health</strong> raised $19 million from RPS Ventures on July 8, 2026. Pediatric mental health care platform. Handspring Health is based in Jersey City, NJ, United States. Website: www.handspringhealth.com</p><p><strong>Venus Aerospace</strong> raised $91 million from Mercury Fund on July 8, 2026. Innovative hypersonic transportation for global travel. Venus Aerospace is based in Houston, TX, United States. Website: www.venusaero.com</p><p><strong>Auger</strong> raised $50 million from Eclipse Ventures on July 9, 2026. AI-powered tool for real-time insights in supply chain management. Auger is based in Bellevue, WA, United States. Website: www.auger.com</p><p><strong>Kraken Technology</strong> raised $175 million from Digital Transformation Capital Partners on July 9, 2026. Autonomous maritime platforms for defense, security, and industry. Kraken Technology is based in London, United Kingdom. Website: www.krakentechnology.com</p><p><strong>Databento</strong> raised $97 million from New Enterprise Associates on July 10, 2026. Simplified access to financial market data with flexible pricing. Databento is based in Salt Lake City, UT, United States. Website: www.databento.com</p><p><strong>Ollama</strong> raised $65 million from Theory Ventures on July 10, 2026. Local inference platform for running large language models. Ollama is based in Toronto, Canada. Website: www.ollama.com</p><p><strong>Vendelux</strong> raised $50 million from Tribeca Venture Partners on July 10, 2026. AI-powered event intelligence platform for data-driven marketing decisions. Vendelux is based in New York, NY, United States. Website: www.vendelux.com</p><p><strong>Flex</strong> raised $70 million from Halo Fund III on July 14, 2026. End-to-end finance platform for business and personal finance management. Flex is based in Austin, TX, United States. Website: www.flex.one</p><p><strong>InstaLILY</strong> raised $60 million from Energize Ventures on July 14, 2026. AI platform for B2B teams to automate workflows and enhance productivity. InstaLILY is based in New York, NY, United States. Website: www.instalily.ai</p><p><strong>Monumental</strong> raised $32 million from Khosla Ventures on July 15, 2026. Automated on-site construction using robotics and software. Monumental is based in Amsterdam, Netherlands. Website: www.monumental.co</p><p><strong>Risk Ledger</strong> raised $32.1 million from Axiom Equity on July 15, 2026. Vendor risk management platform for secure supply chain ecosystems. Risk Ledger is based in London, United Kingdom. Website: www.riskledger.com</p><p><strong>Senra</strong> raised $65 million from Interlagos, Lowercarbon Capital on July 15, 2026. Manufacturing software for configuring and automating assembly lines. Senra is based in Redondo Beach, CA, United States. Website: www.senrasystems.us</p><p><strong>Bunkerhill Health</strong> raised $55 million from Khosla Ventures on July 16, 2026. AI medical imaging platform for clinical workflows. Bunkerhill Health is based in Palo Alto, CA, United States. Website: www.bunkerhillhealth.com</p><p><strong>Rize</strong> raised $20 million from BNP Capital on July 16, 2026. Agritech platform transforming rice cultivation and regenerative agriculture. Rize is based in Singapore. Website: www.rize.farm</p><p><strong>Xenter</strong> raised $58.2 million on July 16, 2026. Medical device and interventional technology company. Xenter is based in Draper, UT, United States. Website: www.xenter.io</p><p><strong>Lyzr AI</strong> raised $100 million on July 17, 2026. Enterprise agent framework for self-learning AI and data privacy. Lyzr AI is based in Jersey City, NJ, United States. Website: www.lyzr.ai</p><p><strong>RapidPulse</strong> raised $48 million from Medtronic, S3 Ventures, TechWald Holding on July 19, 2026. Medical device company for stroke treatment. RapidPulse is based in Miami, FL, United States. Website: www.rapidpulsemed.com</p><p><strong>CuspAI</strong> raised $450 million from Kleiner Perkins, New Enterprise Associates on July 20, 2026. AI-driven materials discovery to accelerate breakthroughs. CuspAI is based in Cambridge, United Kingdom. Website: www.cusp.ai</p><p><strong>Raghu Vamsi Aerospace</strong> raised $39.9 million from Norwest Venture Partners, Skegen Asset Management on July 20, 2026. Precision aerospace and defence manufacturing and deep-tech platforms. Raghu Vamsi Aerospace is based in Hyderabad, India. Website: www.raghuvamsi.com</p><p><strong>Augustus</strong> raised $180 million from Tiger Global on July 21, 2026. AI-native stablecoin clearing and banking platform for institutions. Augustus is based in San Francisco, CA, United States. Website: www.augustus.com</p><p><strong>Cashea</strong> raised $60 million from FinSight Ventures on July 21, 2026. Buy Now, Pay Later for underserved Latin American markets. Cashea is based in Caracas, Venezuela. Website: www.cashea.app</p><p><strong>Hilo</strong> raised $19 million from MSD Capital on July 21, 2026. Continuous blood pressure monitoring health technology. Hilo is based in Neuchatel, Switzerland. Website: www.hilo.com/en-gb</p><p><strong>Meshy</strong> raised $400 million on July 21, 2026. AI platform for text-to-3D model generation and editing. Meshy is based in Sunnyvale, CA, United States. Website: www.meshy.ai</p><p><strong>Glow</strong> raised $100 million from Cyberstarts, Greenoaks Capital, Redpoint Ventures, Sequoia Capital on July 22, 2026. AI-powered endpoint security platform preventing risky software. Glow is based in Palo Alto, CA, United States. Website: www.glow.io</p><p><strong>T2</strong> raised $30.7 million from Daiwa House Ventures, Fujitrans Corporation, K4 Ventures, Kuribayashi Steamship, Life Design Fund, Mitsui Fudosan, MLC Ventures, MOL PLUS, Sumitomo Mitsui Auto Service, Sumitomo Warehouse, Yoshida Shipping on July 22, 2026. Autonomous driving systems and logistics services with Level 4 trucks. T2 is based in Tokyo, Japan. Website: www.t2.auto</p><p><strong>Transcripta Bio</strong> raised $24 million from BlueYard Capital, JAZZ Venture Partners, Mayo Clinic, Omnimed on July 22, 2026. AI-driven drug discovery platform for therapeutics design. Transcripta Bio is based in Palo Alto, CA, United States. Website: www.transcriptabio.com</p><p><strong>RevComm</strong> raised $20.5 million from SMBC Edge on July 23, 2026. Voice and AI-enabled cloud services provider. RevComm is based in Tokyo, Japan. Website: www.revcomm.co.jp</p><p><strong>Ominimo</strong> raised $22.5 million from European Bank for Reconstruction and Development on July 27, 2026. Digital insurance provider offering tailored, user-friendly solutions. Ominimo is based in Budapest, Hungary. Website: www.ominimo.ai</p><p><strong>Claros Technologies</strong> raised $45 million from Treehouse Family Capital on July 28, 2026. Advanced materials company developing safe and sustainable products. Claros Technologies is based in Minneapolis, MN, United States. Website: www.clarostechnologies.com</p><p><strong>Dwelly</strong> raised $95 million from EQT, General Catalyst on July 28, 2026. AI-driven lettings and property management platform. Dwelly is based in London, United Kingdom. Website: www.dwelly.group</p><p><strong>Epitel</strong> raised $26 million from Catalyst Health Ventures, Genoa Ventures on July 28, 2026. Wearable EEG monitoring for epilepsy care. Epitel is based in Salt Lake City, UT, United States. Website: www.epitel.com</p><p><strong>Greyparrot</strong> raised $27 million on July 28, 2026. AI waste recognition and circular economy analytics. Greyparrot is based in London, United Kingdom. Website: www.greyparrot.ai</p><p><strong>Freehand</strong> raised $75 million from Battery Ventures, NewRoad Capital Partners on July 29, 2026. AI agents managing enterprise supply-chain spend and procurement. Freehand is based in San Francisco, CA, United States. Website: www.freehand.ai</p><p><strong>Qureight</strong> raised $20 million from Molten Ventures on July 29, 2026. AI clinical data platform for respiratory and lung disease research. Qureight is based in Cambridge, United Kingdom. Website: www.qureight.com</p><p><strong>DataBahn.ai</strong> raised $40 million from Insight Partners on July 30, 2026. AI-powered platform for smarter data pipeline management and optimization. DataBahn.ai is based in Plano, TX, United States. Website: www.databahn.ai</p><p><strong>Onyx Security</strong> raised $113 million from Bessemer Venture Partners on July 29, 2026. Holistic platform for secure AI adoption and management. Onyx Security is based in Tel Aviv, Israel. Website: www.onyx.security</p><p><strong>Simile</strong> raised $200 million from Greenoaks Capital on July 30, 2026. AI-driven platform for automating communication and collaboration. Simile is based in Charlotte, NC, United States. Website: www.simile.ai</p><h2><strong>Three Most Interesting Deals</strong></h2><p><strong>CuspAI ($450M from Kleiner Perkins, New Enterprise Associates): </strong>CuspAI builds AI systems that help scientists discover new materials faster, from battery chemistries to catalysts and polymers. The company&#8217;s momentum is in turning &#8220;materials discovery&#8221; into an engineering workflow: models that propose candidates, rank them for real-world constraints, and hand off to lab partners for validation. With governments and industry pushing hard on energy storage, semiconductors, and industrial decarbonization, the pull for better materials has become a near-term product problem, not a distant R&amp;D wish. A $450M Series B led by Kleiner Perkins and NEA gives CuspAI the runway to scale compute, data partnerships, and a bigger wet-lab validation loop.</p><p><strong>Quaise ($134M from Prelude Ventures): </strong>Quaise is developing a new kind of drilling system aimed at making geothermal power viable almost anywhere, not just in rare &#8220;good geology&#8221; locations. The core idea is to reach much hotter rock deeper underground, turning geothermal into a more predictable baseload energy source that can plug into existing grid infrastructure. What&#8217;s notable right now is the way geothermal is moving from niche to mainstream procurement conversations, with utilities and developers looking for firm clean power that complements wind and solar. The $134M Series B led by Prelude Ventures suggests Quaise is gearing up for more field deployments and the long, hardware-heavy march from prototypes to repeatable drilling operations.</p><p><strong>Ollama ($65M from Theory Ventures): </strong>Ollama makes it easy to run large language models locally&#8212;on a developer laptop, a workstation, or on-prem servers&#8212;without sending prompts and data to a hosted API. That&#8217;s becoming a default requirement in regulated environments and inside enterprises that want AI features but can&#8217;t accept data leakage, latency, or unpredictable inference costs. The product sits right in the &#8220;local-first&#8221; tailwind: smaller, faster models plus better tooling are turning offline inference from a novelty into a practical deployment pattern. A $65M round led by Theory Ventures gives Ollama more room to expand model support, enterprise controls, and the ecosystem around packaging and running models reliably.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of July 26, 2026]]></title><description><![CDATA[There were 28 Series As in the last week that raised a total of $607.9 million. The average deal size was $21.7 million while the median was $15.8 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-july-26</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-july-26</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 03 Aug 2026 11:33:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!YQSm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31826a12-bf34-4fb3-b615-367d378cd06e_1934x578.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!YQSm!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31826a12-bf34-4fb3-b615-367d378cd06e_1934x578.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!YQSm!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31826a12-bf34-4fb3-b615-367d378cd06e_1934x578.png 424w, /__u/substackcdn.com/image/fetch/$s_!YQSm!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, 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/__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F31826a12-bf34-4fb3-b615-367d378cd06e_1934x578.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Weave</strong> raised $13.5 million from Standard Capital on July 26, 2026. Engineering task automation and token intelligence platform using LLMs. Weave is based in Oakland, CA, United States. Website: www.weaveos.com</p><p><strong>Act Security</strong> raised $40 million from Notable Capital on July 28, 2026. Cloud infrastructure and data center security platform. Act Security is based in Tel Aviv, Israel. Website: www.act.security</p><p><strong>Healia</strong> raised $14 million from 111 West Capital on July 28, 2026. Health insurance and employee benefits platform. Healia is based in Columbus, OH, United States. Website: www.healiahealth.com</p><p><strong>Hush Security</strong> raised $30 million from Akamai Technologies, Battery Ventures, YL Ventures on July 28, 2026. Cybersecurity and network security platform. Hush Security is based in Tel Aviv, Israel. Website: www.hush.security</p><p><strong>Procode AI</strong> raised $10 million from Health Velocity Capital on July 28, 2026. AI billing and financial services for healthcare. Procode AI is based in Hyderabad, India. Website: www.tryprocode.com</p><p><strong>Sent</strong> raised $12 million from Companyon Ventures on July 28, 2026. Messaging and communications developer platform. Sent is based in New York, NY, United States. Website: www.sent.dm</p><p><strong>Throne</strong> raised $10 million from Will Ventures on July 28, 2026. Personal health and wellness technology company. Throne is based in Austin, TX, United States. Website: www.thronescience.com</p><p><strong>Tiger Technology</strong> raised $9.9 million from 3TS Capital Partners on July 28, 2026. Enterprise software and information technology company. Tiger Technology is based in Alpharetta, GA, United States. Website: www.tiger-technology.com</p><p><strong>Buildforce</strong> raised $10 million from Saepio Capital on July 29, 2026. Construction industrial marketplace software. Buildforce is based in Houston, TX, United States. Website: www.buildforce.com</p><p><strong>Centralize</strong> raised $15 million from New Enterprise Associates on July 29, 2026. AI data integration platform for sales teams. Centralize is based in San Francisco, CA, United States. Website: www.usecentralize.com</p><p><strong>ChipAgents</strong> raised $60 million from B Capital Group, Bessemer Venture Partners, Ericsson, MediaTek, Micron Ventures, ScOp Venture Capital on July 29, 2026. Agentic AI for semiconductor design and EDA workflows. ChipAgents is based in Goleta, CA, United States. Website: www.chipagents.ai</p><p><strong>Encore AI</strong> raised $30 million from Team8 on July 29, 2026. AI revenue agents from recorded customer interactions. Encore AI is based in New York, NY, United States. Website: www.gainencore.ai</p><p><strong>Flourish Health</strong> raised $26 million from B Capital Group, Cherryrock Capital, F-Prime Capital on July 29, 2026. Mental health and medical care platform. Flourish Health is based in Richmond, VA, United States. Website: www.flourish.health</p><p><strong>Henry AI</strong> raised $16.5 million from FirstMark Capital on July 29, 2026. Generative AI automation for real estate workflows. Henry AI is based in New York, NY, United States. Website: www.henry.ai</p><p><strong>MID</strong> raised $10.8 million from DSC Investment, IBK Capital, Korea Credit Guarantee Fund, Korea Development Bank, Medici Investment, Pioneer Investment, POSCO Technology Investment, Schmidt on July 29, 2026. Space-grade electronic components and space product assurance services. MID is based in Daejeon, South Korea. Website: www.mid-space.com</p><p><strong>Mate Security</strong> raised $35 million from Canaan Partners on July 29, 2026. AI analytics and cybersecurity platform. Mate Security is based in Tel Aviv, Israel. Website: www.mate.security</p><p><strong>P-1 AI</strong> raised $50 million from New Enterprise Associates on July 29, 2026. AI software for designing complex physical systems. P-1 AI is based in Henderson, NV, United States. Website: www.p-1.ai</p><p><strong>Terminal</strong> raised $20 million from Battery Ventures on July 29, 2026. Developer APIs for fleet, insurance, and logistics data. Terminal is based in Toronto, Canada. Website: www.withterminal.com</p><p><strong>Arboreal Bioinnovations</strong> raised $24 million from Edelweiss, Omnivore on July 30, 2026. Specialty food and nutraceutical ingredient technology company. Arboreal Bioinnovations is based in Lucknow, India. Website: www.teraferm.com</p><p><strong>Discern</strong> raised $10 million from Bungalow Capital, Walkabout Ventures on July 30, 2026. Software-first registered agent and entity management platform. Discern is based in New York, NY, United States. Website: www.discern.com</p><p><strong>Discern Security</strong> raised $13 million from ForgePoint Capital on July 30, 2026. Cybersecurity and network security platform. Discern Security is based in Sunnyvale, CA, United States. Website: www.discernsecurity.com</p><p><strong>LemonEdge</strong> raised $21 million from Blackstone on July 30, 2026. Financial services software and asset management platform. LemonEdge is based in London, United Kingdom. Website: www.lemonedge.com</p><p><strong>Lydian</strong> raised $43 million from Breakthrough Energy Ventures on July 30, 2026. Sustainable chemical manufacturing using electrochemistry. Lydian is based in Charlestown, MA, United States. Website: www.lydianlabsinc.com</p><p><strong>Revoy</strong> raised $27 million from Standard Capital on July 30, 2026. Detachable electric assist dolly for freight trucks. Revoy is based in San Francisco, CA, United States. Website: www.revoy.com</p><p><strong>Smallest.ai</strong> raised $13 million from Seligman Ventures on July 30, 2026. Generative AI voice and speech technology platform. Smallest.ai is based in San Francisco, CA, United States. Website: www.smallest.ai</p><p><strong>Sound Health</strong> raised $12.2 million from ShangBay Capital on July 30, 2026. Healthcare and medical mobile health platform. Sound Health is based in Tukwila, WA, United States. Website: www.soundhealth.life</p><p><strong>The Farmer Companies</strong> raised $17 million from Rafferty Holdings on July 30, 2026. Premium cheese snacking brand platform. The Farmer Companies is based in Burlington, VT, United States. Website: www.thefarmercompanies.com</p><p><strong>dili</strong> raised $15 million from Khosla Ventures on July 30, 2026. AI analytics and application performance platform. dili is based in New York, NY, United States. Website: www.dili.ai<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Lydian ($43M from Breakthrough Energy Ventures): </strong>Lydian is using electrochemistry to manufacture fuels and chemicals that usually come from fossil feedstocks&#8212;an attempt to industrialize low-carbon molecules rather than just measure emissions. A $43M Series A led by Breakthrough Energy Ventures, with Union Square Ventures and a deep climate-syndicate stack, stands out because it funds hard manufacturing capacity for the energy transition, not another software layer on top of dirty supply chains.</p><p><strong>P-1 AI ($50M from New Enterprise Associates): </strong>P-1 AI is building engineering intelligence for designing complex physical systems&#8212;an attempt to push AI beyond code generation into real-world engineering work. A $50M Series A led by NEA, with Radical Ventures and a stacked angel bench including Jeff Dean and Peter Welinder, stands out because it bets on AI as a core design collaborator for physical systems.</p><p><strong>Encore AI ($30M from Team8): </strong>Encore AI turns recorded customer interactions into revenue agents that copy what a company&#8217;s best performers do across voice, chat, and onboarding. The $30M Series A led by Team8&#8212;with banks and insurers that started as customers also investing&#8212;highlights demand for AI that grows revenue in regulated industries rather than just deflecting support tickets.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of July 19, 2026]]></title><description><![CDATA[There were 30 Series As in the last week that raised a total of $1.8 billion. The average deal size was $61.4 million while the median was $22.3 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-july-19</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-july-19</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 27 Jul 2026 10:13:37 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!j2nz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!j2nz!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!j2nz!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png 424w, /__u/substackcdn.com/image/fetch/$s_!j2nz!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png 848w, /__u/substackcdn.com/image/fetch/$s_!j2nz!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png 1272w, /__u/substackcdn.com/image/fetch/$s_!j2nz!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!j2nz!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png" width="1456" height="431" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/f11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:431,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:79645,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://postround.substack.com/i/208633487?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!j2nz!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png 424w, /__u/substackcdn.com/image/fetch/$s_!j2nz!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png 848w, /__u/substackcdn.com/image/fetch/$s_!j2nz!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png 1272w, /__u/substackcdn.com/image/fetch/$s_!j2nz!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff11a0d18-6854-4014-8d4d-0f93c8cc710b_1806x534.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Ekkaa Electronics</strong> raised $10.4 million from Sunil Singhania on July 20, 2026. Consumer electronics manufacturing company. Ekkaa Electronics is based in Noida, India. Website: www.ekkaa.com</p><p><strong>Empirical Security</strong> raised $25 million from Brightmind Partners on July 20, 2026. AI network and cybersecurity company. Empirical Security is based in Chicago, IL, United States. Website: www.empiricalsecurity.com</p><p><strong>Fluidstack</strong> raised $830 million from Situational Awareness on July 20, 2026. AI cloud and GPU infrastructure platform for training and inference workloads. Fluidstack is based in New York, NY, United States. Website: www.fluidstack.io</p><p><strong>Natural</strong> raised $30 million from Forerunner Ventures on July 20, 2026. AI-powered financial services and payments platform. Natural is based in Los Angeles, CA, United States. Website: www.natural.com</p><p><strong>Neo</strong> raised $75 million from Andreessen Horowitz, Bessemer Venture Partners on July 20, 2026. AI cybersecurity and enterprise network security platform. Neo is based in Boston, MA, United States. Website: www.neo.ai</p><p><strong>Plazza</strong> raised $15 million from Accel, Elevation Capital, Nexus Venture Partners on July 20, 2026. E-commerce healthcare and medical marketplace. Plazza is based in Bengaluru, India. Website: www.plazza.in</p><p><strong>Subra</strong> raised $57.2 million from Bayern Kapital, Maj Invest, Novo Holdings, SPRIND - Federal Agency for Disruptive Innovation on July 20, 2026. Electronics and advanced manufacturing company. Subra is based in Farum, Denmark. Website: www.subra.dk</p><p><strong>Cashea</strong> raised $40 million from Spice Expeditions on July 21, 2026. Buy-now-pay-later and payments platform for consumers in Venezuela and LatAm. Cashea is based in Caracas, Venezuela. Website: www.cashea.app</p><p><strong>Deutsche Sanierungsberatung</strong> raised $11.4 million from Simon Capital, Verbund X Ventures on July 21, 2026. Home energy renovation and efficiency advisory platform. Deutsche Sanierungsberatung is based in Berlin, Germany. Website: www.deutsche-sanierungsberatung.de</p><p><strong>Gritt</strong> raised $26 million from Obvious Ventures on July 21, 2026. AI robotics for construction and renewable-energy field operations. Gritt is based in Belmont, CA, United States. Website: www.gritt.ai</p><p><strong>Karoo Health</strong> raised $16.2 million from 7wireVentures, Providence Ventures on July 21, 2026. Virtual specialty care platform for cardiac and chronic disease management. Karoo Health is based in Albuquerque, NM, United States. Website: www.karoohealth.com</p><p><strong>Keiron</strong> raised $23.6 million from ATUM Ventures, Cottonwood Technology Fund, DeepTechXL, Invest-NL, Ramphastos Investments, TNO, Wave Capital on July 21, 2026. Advanced solder-paste printing technology for electronics manufacturing. Keiron is based in Eindhoven, Netherlands. Website: www.keirontechnologies.com</p><p><strong>Mach42</strong> raised $9.4 million from IP Group on July 21, 2026. AI software platform for engineering and machine-learning applications. Mach42 is based in Oxford, United Kingdom. Website: www.mach42.ai</p><p><strong>Organic Traditions</strong> raised $10.7 million on July 21, 2026. Organic foods, coffee, and wellness consumer brand. Organic Traditions is based in North York, Canada. Website: www.organictraditions.com</p><p><strong>Uniti AI</strong> raised $12 million from Pathlight Ventures on July 21, 2026. AI sales automation platform for real estate. Uniti AI is based in New York, NY, United States. Website: www.getuniti.com</p><p><strong>Arrakis Technologies</strong> raised $30 million from Blossom Capital on July 22, 2026. AI software for industrial data integration, robotics, and manufacturing operations. Arrakis Technologies is based in London, United Kingdom. Website: www.arrakistechnologies.ai</p><p><strong>Datapizza</strong> raised $11.4 million from Nextalia SGR on July 22, 2026. Tech education, recruiting, and training platform. Datapizza is based in Milan, Italy. Website: www.datapizza.tech</p><p><strong>Glow</strong> raised $100 million from Cyberstarts, Greenoaks Capital, Holly Ventures, Index Ventures, Lux Capital, Operator Collective, Redpoint Ventures, Sequoia Capital, Swish Ventures on July 22, 2026. AI cybersecurity and enterprise security platform. Glow is based in Palo Alto, CA, United States. Website: www.glow.io</p><p><strong>Neon</strong> raised $13 million from Andreessen Horowitz, Krafton, Renegade Partners on July 22, 2026. Payments and fintech platform for gaming and mobile apps. Neon is based in San Francisco, CA, United States. Website: www.neonpay.com</p><p><strong>Passionfroot</strong> raised $15 million from Insight Partners on July 22, 2026. Creator monetization and sponsorship marketplace platform. Passionfroot is based in Berlin, Germany. Website: www.passionfroot.me</p><p><strong>Abstract Security</strong> raised $25 million from AXA Venture Partners, Cheyenne Ventures on July 23, 2026. Cybersecurity and big-data security platform for enterprise environments. Abstract Security is based in San Luis Obispo, CA, United States. Website: www.abstract.security</p><p><strong>AegisAI</strong> raised $36 million from Battery Ventures on July 23, 2026. AI-powered cybersecurity platform. AegisAI is based in New York, NY, United States. Website: www.aegisai.ai</p><p><strong>Andrenam</strong> raised $18 million from Upfront Ventures on July 23, 2026. Defense and autonomy technology company. Andrenam is based in Hawthorne, CA, United States. Website: www.andrenam.com</p><p><strong>Assured</strong> raised $19 million from Insight Partners on July 23, 2026. AI healthcare software platform. Assured is based in Irving, TX, United States. Website: www.withassured.com</p><p><strong>CARPL.ai</strong> raised $10 million from International Finance Corporation on July 23, 2026. AI platform for radiology imaging workflows and medical imaging AI deployment. CARPL.ai is based in San Francisco, CA, United States. Website: www.carpl.ai</p><p><strong>Cardinal Data Power</strong> raised $70 million from Hood River Capital Management on July 23, 2026. Developer of powered data-center campuses for AI and high-performance computing. Cardinal Data Power is based in Dallas, TX, United States. Website: www.cardinaldatapower.com</p><p><strong>Elio</strong> raised $21 million from Innovation Endeavors, Xora Innovation on July 23, 2026. AI-native programmable optical sensing platform for machine perception. The CEO is Nadav Grossinger. Elio is based in San Mateo, CA, United States. Website: www.eliolabs.com</p><p><strong>Humanoid</strong> raised $152 million from Prime Movers Lab on July 23, 2026. Humanoid robotics company building general-purpose robots for manufacturing and labor. Humanoid is based in London, United Kingdom. Website: www.thehumanoid.ai</p><p><strong>Paper</strong> raised $34 million from Accel, ICONIQ Growth on July 23, 2026. Design tool and creative platform for modern product and brand design workflows. Paper is based in Irvine, CA, United States. Website: www.paper.design</p><p><strong>Jusfy</strong> raised $15 million from Quona Capital on July 24, 2026. LegalTech platform for law firms and corporate legal teams in Brazil. Jusfy is based in S&#227;o Paulo, Brazil. Website: www.jusfy.com.br<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Humanoid ($152M from Prime Movers Lab): </strong>Humanoid is building general-purpose robots aimed at manufacturing and labor, a category where hardware ambition usually outruns early venture checks. A $152M Series A led by Prime Movers Lab, with industrial strategics like Bosch and Schaeffler in the syndicate, is one of the clearest signals this week that investors are funding physical AI platforms, not just software wrappers.</p><p><strong>Neo ($75M from Andreessen Horowitz, Bessemer Venture Partners): </strong>Neo is building AI cybersecurity and enterprise network security for a market where attackers are already using AI faster than defenders can staff human response. A $75M Series A co-led by Andreessen Horowitz and Bessemer Venture Partners, with Craft and Merlin also in, is a strong signal that top-tier software investors still see security as a core AI infrastructure category.</p><p><strong>Fluidstack ($830M from Situational Awareness): </strong>Fluidstack is building AI cloud and GPU infrastructure for training and inference at a moment when compute capacity is the binding constraint for frontier labs and enterprises. An $830M Series A led by Situational Awareness, with BlackRock, Google, and Jane Street in the round, is one of the strongest capital signals this week that AI infrastructure is being financed like critical industrial capacity, not a conventional early-stage software business.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of July 12, 2026]]></title><description><![CDATA[There were 20 Series As in the last week that raised a total of $565.8 million. The average deal size was $28.3 million while the median was $20.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-july-12</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-july-12</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Tue, 21 Jul 2026 10:13:32 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!LCY0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!LCY0!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!LCY0!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png 424w, /__u/substackcdn.com/image/fetch/$s_!LCY0!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png 848w, /__u/substackcdn.com/image/fetch/$s_!LCY0!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png 1272w, /__u/substackcdn.com/image/fetch/$s_!LCY0!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!LCY0!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png" width="1456" height="437" 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png 424w, /__u/substackcdn.com/image/fetch/$s_!LCY0!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png 848w, /__u/substackcdn.com/image/fetch/$s_!LCY0!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png 1272w, /__u/substackcdn.com/image/fetch/$s_!LCY0!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3becc43-fe28-458f-a3c0-047d59f65ab4_1994x598.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Kintai</strong> raised $11.4 million from Barlon Capital on July 13, 2026. Merchant cash advance lending platform for small businesses. Kintai is based in Barcelona, Spain. Website: www.kintai.com</p><p><strong>Valarian Technologies</strong> raised $50 million from New Enterprise Associates on July 13, 2026. Data sovereignty infrastructure for secure communication and compliance. The CEO is Max Buchan. Valarian Technologies is based in London, United Kingdom. Website: www.valarian.com</p><p><strong>Feathery</strong> raised $30 million from Portage Ventures, Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures, and Bain Capital Ventures on July 14, 2026. AI operating system for insurance and financial workflows. The CEO is Peter Dun. Feathery is based in San Francisco, CA, United States. Website: www.feathery.io</p><p><strong>Flexell Space</strong> raised $20 million on July 14, 2026. Space solar cells and lightweight flexible solar panels. The CEO is Tae hun Ahn. Flexell Space is based in Uiwang, South Korea. Website: www.flexellspace.com</p><p><strong>Project Q</strong> raised $17.1 million from Expeditions on July 14, 2026. Defence tech startup pioneering Internet of Defence with sensor technology. The CEO is Leonard Wessendorf. Project Q is based in Berlin, Germany. Website: www.project-q.ai</p><p><strong>Singularity Defense</strong> raised $80 million at a $400 million valuation from Khosla Ventures and Felicis on July 14, 2026. Air-defense and counter-drone systems developer. The CEO is Jack Oswald. Singularity Defense is based in El Segundo, CA, United States. Website: www.singularityus.com</p><p><strong>TerraFirma</strong> raised $100 million from Kleiner Perkins on July 14, 2026. Construction technology for controlling earthmoving machines. The CEO is Noah S.. TerraFirma is based in Austin, TX, United States. Website: www.terrafirma.inc</p><p><strong>Velocity</strong> raised $38 million from Dragonfly and FirstMark on July 14, 2026. Fintech platform connecting banks and blockchains for capital management. The CEO is Tom Greenwood. Velocity is based in London, United Kingdom. Website: www.velocity.xyz</p><p><strong>Applied Computing</strong> raised $20 million from KBR on July 15, 2026. AI-driven optimization for energy operations in refineries and plants. The CEO is Callum Adamson. Applied Computing is based in London, United Kingdom. Website: www.appliedcomputing.com</p><p><strong>Cyclops</strong> raised $20 million from Nava Ventures on July 15, 2026. Collaborative online video platform enhancing remote interactions. The CEO is Pat Duffy. Cyclops is based in Cambridge, MA, United States. Website: www.cyclops.io</p><p><strong>E3 Electric.Ai</strong> raised $10.4 million from BluVenture Holdings on July 15, 2026. Modular electric scooter platform with AI-powered vehicle management. The CEO is Sanjeev P. E3 Electric.Ai is based in Bengaluru, India. Website: www.e3electric.ai</p><p><strong>Rime</strong> raised $24 million from M13 Ventures on July 15, 2026. Speech technologies and next-gen text-to-speech tooling development. Rime is based in San Francisco, CA, United States. Website: www.rime.ai</p><p><strong>Every Half Coffee Roasters</strong> raised $8 million from Openspace Capital and DSG Consumer Partners on July 16, 2026. Caf&#233; offering unique specialty coffee from local and foreign farmers. The CEO is Phu Vo. Every Half Coffee Roasters is based in Ho Chi Minh City, Vietnam. Website: www.everyhalf.vn</p><p><strong>Mage</strong> raised $12 million from SineWave Ventures on July 16, 2026. Open-source data pipeline tool for transforming and integrating data. The CEO is Tommy Dang. Mage is based in Santa Clara, CA, United States. Website: www.mage.ai</p><p><strong>Meticulous</strong> raised $15 million from Chemistry on July 16, 2026. Web application bug detection tool. Meticulous is based in London, United Kingdom. Website: www.meticulous.ai</p><p><strong>NxLite</strong> raised $13.1 million from Crabtree Lane Alt, LLC on July 16, 2026. Solutions to reduce energy loss in building envelopes. The CEO is Steve Ferrero. NxLite is based in Kitchener, Canada. Website: www.nxlite.com</p><p><strong>Reo.Dev</strong> raised $11.3 million from Elevation Capital on July 16, 2026. Growth stack for developer-focused companies tracking activity and sales. The CEO is Achintya Gupta. Reo.Dev is based in San Francisco, CA, United States. Website: www.reo.dev</p><p><strong>Sable</strong> raised $45 million from Sequoia Capital and 8VC on July 16, 2026. AI employee platform for realtime customer demos and onboarding. The CEO is Nim Ravid. Sable is based in San Francisco, CA, United States. Website: www.withsable.com</p><p><strong>Syntetica</strong> raised $30 million from Bpifrance Green Venture on July 16, 2026. Nylon recycling startup promoting sustainability in the fashion industry. The CEO is Marco Bertone. Syntetica is based in Reims, France. Website: www.syntetica.co</p><p><strong>TargonCompute</strong> raised $10.5 million from Digital Currency Group and OSS Capital on July 16, 2026. Retail mining hardware for decentralized compute networks. TargonCompute is based in Austin, TX, United States. Website: www.targon.com<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Valarian Technologies ($50M from New Enterprise Associates): </strong>Valarian Technologies is building a software layer that governments and enterprises put under AI systems to control data access, usage, and operational sovereignty. The $50M Series A led by New Enterprise Associates stands out because data-sovereignty and secure AI deployment are becoming hard requirements for regulated buyers, and Valarian is positioning as infrastructure rather than another compliance checklist tool.</p><p><strong>Singularity Defense ($80M from Khosla Ventures and Felicis): </strong>Singularity Defense is building scalable air-defense and counter-drone systems for a world where cheap munitions overwhelm traditional defenses. An $80M Series A co-led by Khosla Ventures and Felicis at a $400M valuation stands out because defense hardware rarely gets this much early venture capital at this stage, and the El Segundo base puts the company in the densest US cluster for dual-use autonomy and air-defense startups.</p><p><strong>Sable ($45M from Sequoia Capital and 8VC): </strong>Sable is shipping Aidan, an AI employee that can see a product UI, speak naturally, and lead customer demos and onboarding end-to-end&#8212;closing the gap between frontier AI capability and how companies actually sell and teach software. The $45M Series A co-led by Sequoia and 8VC, with Shaun Maguire and Joe Lonsdale joining the board, is a strong bet that interactive AI agents for customer work become infrastructure, not a chatbot feature.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of July 5, 2026]]></title><description><![CDATA[There were 25 Series As in the last week that raised a total of $884.4 million. The average deal size was $35.4 million while the median was $15.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-july-5</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-july-5</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 13 Jul 2026 14:23:43 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!ltc4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!ltc4!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!ltc4!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png 424w, /__u/substackcdn.com/image/fetch/$s_!ltc4!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png 848w, /__u/substackcdn.com/image/fetch/$s_!ltc4!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png 1272w, /__u/substackcdn.com/image/fetch/$s_!ltc4!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!ltc4!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png" width="1456" height="438" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/d0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:438,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:87930,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://postround.substack.com/i/206855181?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!ltc4!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png 424w, /__u/substackcdn.com/image/fetch/$s_!ltc4!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png 848w, /__u/substackcdn.com/image/fetch/$s_!ltc4!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png 1272w, /__u/substackcdn.com/image/fetch/$s_!ltc4!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd0243a23-a131-4e4c-9bea-f4fc159dded6_1954x588.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Bespoke Labs</strong> raised $40 million from Wing VC on July 6, 2026. Applied AI research company for reasoning data and models. Bespoke Labs is based in Mountain View, CA, United States. Website: www.bespokelabs.ai</p><p><strong>Agave</strong> raised $15 million from Accel on July 7, 2026. Unified API for accessing data across construction software systems. Agave is based in San Francisco, CA, United States. Website: www.agaveapi.com</p><p><strong>Bidbus</strong> raised $15 million from Ibex Investors on July 7, 2026. AI-driven C2B marketplace for sourcing used cars through auctions. The CEO is Duke Yan. Bidbus is based in Irvine, CA, United States. Website: www.bidbus.com</p><p><strong>Cognitfy</strong> raised $15 million at a $200 million valuation from OrionChain, Sinergy Alliance and investor Jorge Mart&#237;nez Arroyo on July 7, 2026. Agentic AI systems for automating tasks and workflows. Cognitfy is based in Las Palmas de Gran Canaria, Spain. Website: www.cognitfy.com/en</p><p><strong>Legalfly</strong> raised $17.1 million from Notion Capital on July 7, 2026. Automated legal services platform enhancing efficiency and privacy. The CEO is Ruben Miessen. Legalfly is based in Ghent, Belgium. Website: www.legalfly.ai</p><p><strong>Luffy AI</strong> raised $10.8 million from BGF on July 7, 2026. Adaptive neural networks for UAVs and robotics. The CEO is Matthew Carr. Luffy AI is based in Abingdon, United Kingdom. Website: www.luffy.ai</p><p><strong>Oratomic</strong> raised $300 million from ARCH Venture Partners, Spark Capital and Khosla Ventures on July 7, 2026. Neutral-atom quantum hardware for fault-tolerant quantum computing. The CEO is Dolev Bluvstein. Oratomic is based in South Pasadena, CA, United States. Website: www.oratomic.com</p><p><strong>Turing</strong> raised $42.1 million at a $600 million valuation from AMD Ventures, BIPROGY, DataDirect Networks, GMO Internet, Mitsubishi Corporation, MUFG Bank, Super Micro Computer, and Tokyo Electron Device on July 7, 2026. Develops and manufactures fully autonomous electric vehicles. The CEO is issei yamamoto. Turing is based in Higashi-shinagawa, Japan. Website: www.turing-motors.com</p><p><strong>Alta</strong> raised $25 million from IN Venture on July 8, 2026. Data and AI solutions to drive business growth. The CEO is Stav Neumark. Alta is based in New York, NY, United States. Website: www.altahq.com</p><p><strong>Axle Energy</strong> raised $24 million from Energize Capital on July 8, 2026. Software optimizing electricity grid flexibility and energy usage. Axle Energy is based in London, United Kingdom. Website: www.axle.energy</p><p><strong>Bohr &#201;nergie</strong> raised $11.4 million from Suma Capital through SC Net Zero Ventures on July 8, 2026. AI firm making the energy market accessible to independent producers. Bohr &#201;nergie is based in Toulouse, France. Website: www.bohr-energie.fr</p><p><strong>EdVisorly</strong> raised $13.3 million from Breachway Capital on July 8, 2026. AI software for higher education admissions and enrollment operations. EdVisorly is based in Los Angeles, CA, United States. Website: www.edvisorly.com</p><p><strong>Graph AI</strong> raised $14 million from Insight Partners on July 8, 2026. AI safety and alignment solutions for language models and agentic AI. The CEO is Raghavendra Parvataraju. Graph AI is based in Pleasanton, CA, United States. Website: www.graphsafety.ai</p><p><strong>Gridcog</strong> raised $12.5 million from ABB Electrification Ventures, AXPO Ventures, DNV Ventures and Verbund Ventures on July 8, 2026. Energy transition planning and optimization software for renewable projects. The CEO is Fabian Le Gay Brereton. Gridcog is based in London, United Kingdom. Website: www.gridcog.com</p><p><strong>Hostie</strong> raised $12 million from Obvious Ventures on July 8, 2026. AI-driven customer experience platform for restaurants. Hostie is based in San Francisco, CA, United States. Website: www.hostie.ai</p><p><strong>Kord</strong> raised $8.6 million from Guinness Ventures on July 8, 2026. API platform for identity, AML, onboarding and payments. Kord is based in London, United Kingdom. Website: www.kord.com</p><p><strong>Prime Intellect</strong> raised $130 million at a $1 billion valuation from Radical Ventures on July 8, 2026. Democratizes AI development and distributed training at scale. Prime Intellect is based in San Francisco, CA, United States. Website: www.primeintellect.ai</p><p><strong>aviva</strong> raised $18 million from Valor Capital Group on July 8, 2026. AI-powered digital bank for Latin America&#8217;s underbanked communities. aviva is based in Mexico City, Mexico. Website: www.avivacredito.com</p><p><strong>Cerca Magnetics</strong> raised $65 million at a $1 billion valuation from Dragonfly on July 9, 2026. Advanced wearable brain scanner for health and sickness monitoring. The CEO is David Woolger. Cerca Magnetics is based in Nottingham, United Kingdom. Website: www.resonance.holdings</p><p><strong>Infinia</strong> raised $13.5 million from Bain Capital and Variant Fund on July 9, 2026. Open banking payments and transfer charge management platform. The CEO is Ianai Urwicz. Infinia is based in Montevideo, Uruguay. Website: www.infinia.xyz</p><p><strong>Keyper</strong> raised $11 million from Speedinvest on July 9, 2026. Digital real estate investment management and automation platform. The CEO is Omar Abu Innab. Keyper is based in Dubai, United Arab Emirates. Website: www.realkeyper.com</p><p><strong>Klinic</strong> raised $24 million from Proofpoint Capital, I2BF Global Ventures, Tau Ventures, Upstream Ventures, Draper Associates, and Wicklow Capital on July 9, 2026. Practice-in-a-box and marketplace for fast affordable treatment. The CEO is Avish Bhama. Klinic is based in Seattle, WA, United States. Website: www.klinic.com</p><p><strong>QuantumDiamonds</strong> raised $17.1 million from World Fund on July 9, 2026. Quantum-based semiconductor inspection systems for chip defect detection. The CEO is Kevin Berghoff. QuantumDiamonds is based in Munich, Germany. Website: www.qd-st.com</p><p><strong>Aria</strong> raised $8 million from 115K on July 10, 2026. Payment-terms-as-a-Service for small business growth. The CEO is Cl&#233;ment Carrier. Aria is based in Paris, France. Website: www.helloaria.eu</p><p><strong>Reformed</strong> raised $22 million from IRIS Ventures on July 10, 2026. Functional coffee and matcha subscription brand. Reformed is based in London, United Kingdom. Website: www.feelreformed.com<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Oratomic ($300M from ARCH Venture Partners, Spark Capital and Khosla Ventures): </strong>Oratomic builds neutral-atom quantum computers aimed at running fault-tolerant workloads, not just lab demos. Neutral-atom systems are gaining traction because they can scale qubit counts with array-based architectures while keeping the hardware footprint relatively compact. The interesting momentum here is the sheer ambition implied by the build plan: the company is positioning around error-corrected operation, which forces progress across control electronics, calibration software, and error correction&#8212;not a single &#8220;better qubit&#8221; claim. Oratomic pulled in a $300M Series A led by ARCH, Spark, and Khosla, a bankroll that suggests a push from prototype to a credible, integrated machine on an aggressive timeline.</p><p><strong>Prime Intellect ($130M from Radical Ventures): </strong>Prime Intellect is building infrastructure to let teams train large AI models using distributed compute, with an emphasis on making serious training accessible beyond the handful of hyperscalers. What stands out is the timing: training demand is rising faster than centralized GPU supply, so tooling that can orchestrate heterogeneous, geographically scattered clusters is becoming core plumbing. The company is also leaning into &#8220;democratized&#8221; development&#8212;more like a networked training layer than a single-lab model shop&#8212;which could widen the pool of groups that can run frontier-ish experiments. It raised $130M at a $1.0B valuation with Radical Ventures leading, putting real fuel behind scaling the platform and onboarding bigger training runs.</p><p><strong>Cerca Magnetics ($65M from Dragonfly): </strong>Cerca Magnetics makes a wearable brain scanner designed to monitor health and sickness by measuring brain signals without the bulk and constraints of traditional systems. Wearable neurotech is moving from research novelty to clinical and remote-monitoring tool, and Cerca&#8217;s angle is continuous or repeatable scanning where hospitals and pharma would prefer something portable and patient-friendly. The momentum to watch is category pull: better sensors plus growing interest in objective neurological biomarkers for conditions where symptoms are episodic and hard to quantify. The company raised $65M at a $1.0B valuation led by Dragonfly, giving it runway to push from impressive hardware into broader clinical validation and deployments.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series C activity: Q2 2026]]></title><description><![CDATA[There were 84 Series Cs in the last quarter that raised a total of $17.4 billion. The average deal size was $207.2 million while the median was $79.0 million.]]></description><link>https://postround.substack.com/p/series-c-activity-q2-2026</link><guid isPermaLink="false">https://postround.substack.com/p/series-c-activity-q2-2026</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Wed, 08 Jul 2026 15:22:19 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!Brd_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff07ba336-6793-48b5-9321-f12201b42774_1946x578.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series C deals done worldwide (ex-China) where amount raised is greater than $15M and the company is not focused on therapeutics.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!Brd_!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff07ba336-6793-48b5-9321-f12201b42774_1946x578.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!Brd_!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff07ba336-6793-48b5-9321-f12201b42774_1946x578.png 424w, /__u/substackcdn.com/image/fetch/$s_!Brd_!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff07ba336-6793-48b5-9321-f12201b42774_1946x578.png 848w, /__u/substackcdn.com/image/fetch/$s_!Brd_!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff07ba336-6793-48b5-9321-f12201b42774_1946x578.png 1272w, /__u/substackcdn.com/image/fetch/$s_!Brd_!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff07ba336-6793-48b5-9321-f12201b42774_1946x578.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!Brd_!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff07ba336-6793-48b5-9321-f12201b42774_1946x578.png" width="1456" height="432" 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primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series C Deals</strong></h2><p><strong>Coder</strong> raised $90 million from KKR on April 1, 2026. Open-source tools and enterprise platform for development environments. The CEO is Ammar Bandukwala. Coder is based in Austin, TX, United States. Website: www.coder.com</p><p><strong>PolicyStreet</strong> raised $21 million from Cool Japan Fund on April 1, 2026. Digital insurance solutions and technology for businesses and consumers. The CEO is Yen Ming Lee. PolicyStreet is based in Kuala Lumpur, Malaysia. Website: www.policystreet.com</p><p><strong>Endovascular Engineering</strong> raised $80 million from Gilde Healthcare and Norwest on April 7, 2026. Developing mechanical thrombectomy solutions for clot removal. The CEO is Dan Rose. Endovascular Engineering is based in Menlo Park, CA, United States. Website: www.endovascularengineering.com</p><p><strong>Hermeus</strong> raised $200 million at a $1 billion valuation from Khosla Ventures on April 7, 2026. Developing hypersonic aircraft to drastically reduce flight times. The CEO is AJ Piplica. Hermeus is based in El Segundo, CA, United States. Website: www.hermeus.com</p><p><strong>Sateliot</strong> raised $116.8 million from investors on April 9, 2026. Satellite-based connectivity for IoT customers out-of-coverage. The CEO is Jaume Sanpera. Sateliot is based in Barcelona, Spain. Website: www.sateliot.space</p><p><strong>True Footage</strong> raised $40 million from returning investor Cox Enterprises on April 11, 2026. Residential valuation services and software for appraisals. The CEO is John Liss. True Footage is based in Austin, TX, United States. Website: www.truefootage.tech</p><p><strong>MerQube</strong> raised $30 million from 7RIDGE on April 13, 2026. Cloud-native platform for designing and disseminating financial indices. The CEO is Vinit Srivastava. MerQube is based in San Francisco, CA, United States. Website: www.merqube.com</p><p><strong>Slate Auto</strong> raised $650 million from TWG Global on April 13, 2026. Modular electric pickup truck maker preparing its Indiana factory for production. The CEO is Peter Faricy. Slate Auto is based in Troy, MI, United States. Website: www.slate.auto</p><p><strong>Atlas Card</strong> raised $40 million at a $420 million valuation from Elad Gil and Verified Capital on April 14, 2026. Credit card service platform connecting consumers to banks. The CEO is Zane Salim. Atlas Card is based in Berkeley, CA, United States. Website: www.atlascard.com</p><p><strong>nEye Systems</strong> raised $80 million from Sutter Hill Ventures on April 14, 2026. Programmable photonic integrated circuits for optical circuit switching. The CEO is Ashish Vengsarkar. nEye Systems is based in Santa Clara, CA, United States. Website: www.neye.ai</p><p><strong>Glydways</strong> raised $170 million at a $700 million valuation from Suzuki Motor Corporation, ACS Group, and Khosla Ventures on April 15, 2026. Affordable autonomous transportation technology and clean energy solutions. The CEO is Blake Barber. Glydways is based in South San Francisco, CA, United States. Website: www.glydways.com</p><p><strong>Upstage AI</strong> raised $122.1 million from Saje Partners on April 15, 2026. Customized AI services to enhance business efficiency and innovation. The CEO is Sung Kim. Upstage AI is based in Yongin, South Korea. Website: www.upstage.ai</p><p><strong>Plata Card</strong> raised $405 million at a $5 billion valuation from Bicycle Capital on April 16, 2026. Financial technology platform offering credit card and BNPL services. The CEO is Neri Tollardo. Plata Card is based in Mexico City, Mexico. Website: www.platacard.mx</p><p><strong>Slash</strong> raised $100 million at a $1.4 billion valuation from Ribbit Capital, Khosla, and Goodwater Capital on April 16, 2026. Financial technology offering deposits, payments, and expense tracking. The CEO is Victor Cardenas. Slash is based in San Francisco, CA, United States. Website: www.joinslash.com</p><p><strong>Loop</strong> raised $95 million from Valor Equity Partners and the Valor Atreides AI Fund on April 17, 2026. Logistics payments platform streamlining shipment document capture. The CEO is Matt Mckinney. Loop is based in San Francisco, CA, United States. Website: www.loop.com</p><p><strong>AcuityMD</strong> raised $80 million at a $955 million valuation from StepStone Group on April 21, 2026. Medical technology software platform for commercializing medical devices. The CEO is Michael Monovoukas. AcuityMD is based in Boston, MA, United States. Website: www.acuitymd.com</p><p><strong>Tava Health</strong> raised $40 million from Centana Growth Partners on April 21, 2026. Technology-enabled mental health care and employee benefits. The CEO is Dallen Allred. Tava Health is based in Salt Lake City, UT, United States. Website: www.tavahealth.com</p><p><strong>Factory</strong> raised $150 million at a $1.5 billion valuation from Khosla Ventures on April 22, 2026. AI agents automating software development tasks for enterprise teams. The CEO is Matan Grinberg. Factory is based in San Francisco, CA, United States. Website: www.factory.ai</p><p><strong>Reflection AI</strong> raised $2.5 billion at a $27.5 billion valuation from Nvidia, Sequoia, Lightspeed, JPMorgan and B Capital on April 22, 2026. Open-model AI lab building U.S. open-weights alternatives to DeepSeek. The CEO is Misha Laskin. Reflection AI is based in New York, NY, United States. Website: www.reflection.ai</p><p><strong>Cloudsmith</strong> raised $72 million from TCV on April 23, 2026. Cloud-native universal package management solution for developers. The CEO is Glenn Weinstein. Cloudsmith is based in Belfast, United Kingdom. Website: www.cloudsmith.com</p><p><strong>Omni</strong> raised $120 million at a $1.5 billion valuation from ICONIQ on April 23, 2026. Business intelligence platform combining shared data model and SQL freedom. The CEO is Colin Zima. Omni is based in San Francisco, CA, United States. Website: www.exploreomni.com</p><p><strong>Kashable</strong> raised $60 million from Sustainable Investing at Goldman Sachs Alternatives on April 27, 2026. Financial wellness platform offering affordable employee financing options. Kashable is based in New York, NY, United States. Website: www.kashable.com</p><p><strong>Liquid Instruments</strong> raised $50 million from Keysight Technologies and Australia&#8217;s National Reconstruction Fund on April 28, 2026. All-in-one device for professional test and measurement. The CEO is Daniel Shaddock. Liquid Instruments is based in San Diego, CA, United States. Website: www.liquidinstruments.com</p><p><strong>Counterpart</strong> raised $50 million from Valor Equity Partners on April 29, 2026. Management liability platform using big data and AI for insurance. The CEO is Tanner Hackett. Counterpart is based in Los Angeles, CA, United States. Website: www.yourcounterpart.com</p><p><strong>Iterative Health</strong> raised $77 million from Intrepid Growth Partners and GV on April 30, 2026. Healthcare technology accelerating clinical research for GI care. The CEO is Jonathan Ng. Iterative Health is based in Cambridge, MA, United States. Website: www.iterative.health</p><p><strong>Toggle</strong> raised $21.1 million on April 30, 2026. Social technology implementation in real estate and finance. Toggle is based in Tokyo, Japan. Website: www.toggle.co.jp</p><p><strong>Netomi</strong> raised $110 million from Accenture Ventures on May 1, 2026. Customer experience AI platform for enterprises with no-code solutions. The CEO is Puneet Mehta. Netomi is based in San Mateo, CA, United States. Website: www.netomi.com</p><p><strong>CMBlu Energy AG</strong> raised $58.5 million at a $1.2 billion valuation on May 4, 2026. Sustainable energy transition and storage solutions provider. The CEO is Peter Geigle. CMBlu Energy AG is based in Alzenau, Germany. Website: www.cmblu.com</p><p><strong>Reserv</strong> raised $125 million from KKR on May 4, 2026. Solutions for optimizing property and casualty claims processing. The CEO is CJ Przybyl. Reserv is based in New York, NY, United States. Website: www.reserv.com</p><p><strong>LegalPlace</strong> raised $81.9 million from Move Capital, XAnge and Eurazeo on May 5, 2026. Legal document services and lawyer connection platform. The CEO is Racem Flazi. LegalPlace is based in Paris, France. Website: www.legalplace.fr</p><p><strong>River</strong> raised $100 million from Anicut Capital, Claypond Capital and Elev8 Venture Partners on May 5, 2026. Electric vehicle manufacturer specializing in utility electric mopeds. River is based in Bengaluru, India. Website: www.rideriver.com</p><p><strong>XBOW</strong> raised $35 million at a $1 billion valuation from Accenture Ventures, DNX Ventures, Liberty Global Tech Ventures, NVentures, Samsung Ventures, and SentinelOne S Ventures on May 6, 2026. Autonomous operation and command execution for higher-level objectives. The CEO is Oege de Moor. XBOW is based in Seattle, WA, United States. Website: www.xbow.com</p><p><strong>Nyobolt</strong> raised $60 million at a $1 billion valuation from Symbotic on May 7, 2026. Developer of high-power battery technology for automotive applications. The CEO is Sai Shivareddy. Nyobolt is based in Cambridge, United Kingdom. Website: www.nyobolt.com</p><p><strong>Quantum Motion</strong> raised $160 million from DCVC and Kembara on May 7, 2026. Universal quantum computer built using CMOS compatible processes. The CEO is James Palles-Dimmock. Quantum Motion is based in London, United Kingdom. Website: www.quantummotion.tech</p><p><strong>Skyroot Aerospace</strong> raised $50 million at a $1.1 billion valuation from Sherpalo Ventures and GIC on May 7, 2026. Aerospace manufacturer providing cost-effective launch services. The CEO is Pawan Kumar Chandana. Skyroot Aerospace is based in Hyderabad, India. Website: www.skyroot.in</p><p><strong>Oishii</strong> raised $150 million from SPARX Asset Management Co., Ltd on May 13, 2026. Indoor vertical farming technology for premium strawberries. The CEO is Hiroki Koga. Oishii is based in Jersey City, NJ, United States. Website: www.oishii.com</p><p><strong>Butterfly Medical</strong> raised $21 million from the European Innovation Council, Junson Capital, MedVenture and New Rhein Healthcare Investors on May 14, 2026. Minimally invasive in-office device for enlarged prostate treatment. The CEO is Idan Geva. Butterfly Medical is based in Yoqne&#8217;am Illit, Israel. Website: www.butterfly-medical.com</p><p><strong>Henry</strong> raised $19 million from Angel Bridge, Globis Capital Partners, and Japan Post Bank Asset Management on May 14, 2026. Cloud-based electronic medical record system for hospitals. Henry is based in Tokyo, Japan. Website: www.henry.jp</p><p><strong>Moment</strong> raised $78 million from Index Ventures on May 19, 2026. Unified fixed-income platform for trading and portfolio management. The CEO is Dylan Parker. Moment is based in New York, NY, United States. Website: www.withmoment.com</p><p><strong>Nourish</strong> raised $100 million from Menlo Ventures on May 19, 2026. AI-powered virtual nutrition care addressing chronic disease. Nourish is based in New York, NY, United States. Website: www.usenourish.com</p><p><strong>Socket</strong> raised $60 million at a $1 billion valuation from Thrive Capital on May 19, 2026. Security company protecting apps from supply chain attacks. The CEO is Feross Aboukhadijeh. Socket is based in Stanford, CA, United States. Website: www.socket.dev</p><p><strong>Exa</strong> raised $250 million at a $2.2 billion valuation from Andreessen Horowitz on May 20, 2026. AI-centered search engine for automated systems and applications. The CEO is Will Bryk. Exa is based in San Francisco, CA, United States. Website: www.exa.ai</p><p><strong>Primer</strong> raised $100 million at a $425 million valuation from Sofina on May 20, 2026. Unified infrastructure for global payments and commerce. Primer is based in London, United Kingdom. Website: www.primer.io</p><p><strong>Sardine</strong> raised $25 million from National Bank of Canada on May 20, 2026. Risk management solutions using AI for financial services. The CEO is Soups Ranjan. Sardine is based in Miami, FL, United States. Website: www.sardine.ai</p><p><strong>Modal Labs</strong> raised $355 million at a $4.7 billion valuation from General Catalyst and Redpoint on May 22, 2026. Machine learning software for cloud code execution and deployment. Modal Labs is based in New York, NY, United States. Website: www.modal.com</p><p><strong>Sound Wave Innovation</strong> raised $17 million from iGlobe Partners on May 22, 2026. Medical device manufacturer of ultrasound and shockwave systems. Sound Wave Innovation is based in Tokyo, Japan. Website: www.sw-innovation.com/en</p><p><strong>WeRoad</strong> raised $58 million from Airbnb on May 27, 2026. Group travel platform for solo travelers to meet and explore together. The CEO is Paolo De Nadai. WeRoad is based in Milan, Italy. Website: www.weroad.travel</p><p><strong>Daloopa</strong> raised $47 million from Brighton Park Capital on May 28, 2026. AI-driven document automation and data extraction for finance. The CEO is Thomas Li. Daloopa is based in New York, NY, United States. Website: www.daloopa.com</p><p><strong>Fonoa</strong> raised $110 million from Headline on May 28, 2026. Tax automation platform for businesses managing compliance and invoicing. The CEO is Davor Tremac. Fonoa is based in Dublin, Ireland. Website: www.fonoa.com</p><p><strong>Utilidata</strong> raised $40 million from Renown Capital Partners on May 28, 2026. Embedded AI platform for power infrastructure and dynamic data-center power orchestration. The CEO is Josh Brumberger. Utilidata is based in Ann Arbor, MI, United States. Website: www.utilidata.com</p><p><strong>Mach Industries</strong> raised $300 million at a $1.8 billion valuation from Infinite Capital and Ribbit Capital on June 1, 2026. Designs and manufactures defense systems for unmanned aerial vehicles. The CEO is Ethan Thornton. Mach Industries is based in Huntington Beach, CA, United States. Website: www.machindustries.com</p><p><strong>Findigs</strong> raised $32 million from RPM Ventures on June 2, 2026. Property technology simplifying rental screening and leasing decisions. The CEO is Steve Carroll. Findigs is based in New York, NY, United States. Website: www.findigs.com</p><p><strong>Subtle Medical</strong> raised $33 million from funds managed by Morgan Stanley Expansion Capital on June 2, 2026. AI-powered medical imaging technology for enhanced workflow and safety. The CEO is Enhao Gong. Subtle Medical is based in Menlo Park, CA, United States. Website: www.subtlemedical.com</p><p><strong>The Ryl Company</strong> raised $20 million from Purchase Capital through its Ryl Growth Partners SPV on June 2, 2026. Beverage company specializing in ready-to-drink iced teas. The CEO is Blodin Ukella. The Ryl Company is based in Cedar Knolls, NJ, United States. Website: www.drinkryl.com</p><p><strong>NewLimit</strong> raised $435 million at a $3.1 billion valuation from Founders Fund on June 3, 2026. Biotechnology company focused on epigenetic reprogramming for aging. NewLimit is based in South San Francisco, CA, United States. Website: www.newlimit.com</p><p><strong>Oxford Quantum Circuits</strong> raised $350.1 million from Bullhound Capital on June 3, 2026. Superconducting quantum computers delivered through cloud-deployed data-center services. The CEO is Gerald Mullally. Oxford Quantum Circuits is based in Reading, United Kingdom. Website: www.oxfordquantumcircuits.com</p><p><strong>Honeycomb</strong> raised $40 million from Zeev Ventures on June 4, 2026. Online platform for quick and affordable condo insurance policies. The CEO is Itai Ben-Zaken. Honeycomb is based in Chicago, IL, United States. Website: www.honeycombinsurance.com</p><p><strong>Opal Security</strong> raised $23 million from Greylock and Battery Ventures on June 4, 2026. Data-centric identity security platform reducing access sprawl. The CEO is Howard Ting. Opal Security is based in San Francisco, CA, United States. Website: www.opal.dev</p><p><strong>Semble</strong> raised $40.3 million from Revaia on June 4, 2026. Software and APIs for managing healthcare practices. The CEO is Christoph Lippuner. Semble is based in London, United Kingdom. Website: www.semble.io</p><p><strong>GPS Renewables</strong> raised $66.5 million from PixelSky Capital on June 8, 2026. Waste-to-energy solutions for urban biodegradable waste management. The CEO is Mainak Chakraborty. GPS Renewables is based in Bangalore, India. Website: www.gpsrenewables.com</p><p><strong>PhysicsX</strong> raised $300 million at a $2.4 billion valuation from Temasek on June 8, 2026. Physical AI company transforming engineering and manufacturing processes. The CEO is Jacomo Corbo. PhysicsX is based in London, United Kingdom. Website: www.physicsx.ai</p><p><strong>Stepful</strong> raised $55 million from Oak HC/FT on June 8, 2026. Training and job placement for entry-level healthcare positions. The CEO is Carl Madi. Stepful is based in New York, NY, United States. Website: www.stepful.com</p><p><strong>ZutaCore</strong> raised $100 million from Mitsubishi Electric, Carrier Ventures, and Samsung Electronics via Samsung Ventures and additional investors on June 8, 2026. Waterless two-phase direct-to-chip liquid cooling for AI and HPC data centers. The CEO is Erez Freibach. ZutaCore is based in Foster City, CA, United States. Website: www.zutacore.com</p><p><strong>Beacon Software</strong> raised $225 million from General Catalyst and HarbourVest on June 9, 2026. Holding company specializing in software business acquisitions. Beacon Software is based in Toronto, Canada. Website: www.beaconsoftware.com</p><p><strong>NinjaOne</strong> raised $400 million at a $12.3 billion valuation on June 9, 2026. IT management platform automating endpoint visibility and security. The CEO is Sal Sferlazza. NinjaOne is based in Austin, TX, United States. Website: www.ninjaone.com</p><p><strong>Standard Bots</strong> raised $200 million at a $1 billion valuation from RoboStrategy on June 9, 2026. Accessible robotics platform for business automation and productivity. The CEO is Evan Beard. Standard Bots is based in New York, NY, United States. Website: www.standardbots.com</p><p><strong>NEURA Robotics</strong> raised $1.4 billion at a $4.7 billion valuation on June 10, 2026. Robotic assistants enhancing cognitive abilities for various industries. The CEO is David Reger. NEURA Robotics is based in Metzingen, Germany. Website: www.neura-robotics.com</p><p><strong>SolarSquare Energy</strong> raised $50 million at a $500 million valuation from B Capital on June 12, 2026. Residential solar company designing and installing rooftop panels. The CEO is Shreya Mishra. SolarSquare Energy is based in Mumbai, India. Website: www.solarsquare.in</p><p><strong>Interchecks</strong> raised $50 million from Bettor Capital, Commerce Ventures, Decades Holdings, and Thayer Street Partners on June 15, 2026. Instant-payment solutions simplifying payouts and 1099 compliance. The CEO is Dylan Massey. Interchecks is based in Brooklyn, NY, United States. Website: www.interchecks.com</p><p><strong>Atom Computing</strong> raised $100 million from Third Point Ventures on June 16, 2026. Scalable quantum computers using individual atoms for advanced processing. Atom Computing is based in Berkeley, CA, United States. Website: www.atom-computing.com</p><p><strong>AttoTude</strong> raised $52 million from The Westly Group on June 16, 2026. ASIC-over-dielectric interconnect technology for high-bandwidth AI infrastructure. The CEO is Dave Welch. AttoTude is based in Menlo Park, CA, United States. Website: www.attotude.com</p><p><strong>Bland AI</strong> raised $50 million from Dell Technologies Capital on June 16, 2026. Infrastructure for building AI phone-calling applications at scale. Bland AI is based in San Francisco, CA, United States. Website: www.bland.ai</p><p><strong>InStride Health</strong> raised $30 million from new investors Echo Health Ventures and FMZ Ventures and existing investors .406 Ventures, Valtruis, General Catalyst and Mass General Brigham Ventures on June 16, 2026. Evidence-based OCD and anxiety treatment for kids and teenagers. The CEO is John Voith. InStride Health is based in Boston, MA, United States. Website: www.instride.health</p><p><strong>Rejoni</strong> raised $25 million from Clavyst Bio, Amed Ventures, Ascension Ventures, Catalyst Health Ventures, Delos Capital, FemHealth Ventures, Iyengar Capital, and Sparta Group on June 16, 2026. Women&#8217;s health technologies minimizing risks of gynecological procedures. The CEO is John Nealon. Rejoni is based in Bedford, MA, United States. Website: www.rejoni.com</p><p><strong>DayOne</strong> raised $4.5 billion at a $20 billion valuation on June 18, 2026. Data center capacity development across strategic Asian locations. The CEO is Jamie Khoo. DayOne is based in Singapore. Website: www.dayonedc.com</p><p><strong>Dream Security</strong> raised $260 million at a $3 billion valuation from Bicycle Capital and Group 11 on June 18, 2026. AI-driven cybersecurity solutions for threat detection and management. The CEO is Shalev Hulio. Dream Security is based in Tel Aviv, Israel. Website: www.dreamgroup.com</p><p><strong>Hyperlight</strong> raised $80 million from MediaTek on June 18, 2026. Thin-film lithium niobate photonic integrated circuit solutions. The CEO is Mian Zhang. Hyperlight is based in Cambridge, MA, United States. Website: www.hyperlightcorp.com</p><p><strong>Gradial</strong> raised $65 million at a $675 million valuation from Insight Partners on June 19, 2026. AI-powered platform automating enterprise marketing operations. The CEO is Doug Tallmadge. Gradial is based in Seattle, WA, United States. Website: www.gradial.com</p><p><strong>Orange Health Labs</strong> raised $29.3 million at a $206.3 million valuation from Iron Pillar India on June 22, 2026. Remote diagnostic lab services for at-home healthcare. Orange Health Labs is based in Bangalore, India. Website: www.orangehealth.in</p><p><strong>Cadence Solutions</strong> raised $100 million from Spark Capital on June 23, 2026. Health technology company enabling care outside hospital settings. The CEO is Christopher Altchek. Cadence Solutions is based in New York, NY, United States. Website: www.cadence.care</p><p><strong>Orderful</strong> raised $35 million from Koch Disruptive Technologies on June 23, 2026. Cloud EDI platform simplifying supply chain data exchange. The CEO is Erik Kiser. Orderful is based in San Francisco, CA, United States. Website: www.orderful.com</p><p><strong>Assort Health</strong> raised $120 million at a $1.2 billion valuation from Menlo Ventures on June 24, 2026. Voice AI agents for healthcare call center automation and support. The CEO is Jeffery L.. Assort Health is based in San Francisco, CA, United States. Website: www.assorthealth.com</p><p><strong>Float</strong> raised $59.8 million at a $387.4 million valuation from Inovia Capital on June 24, 2026. Modern financial services and software for managing spending and cash flow. The CEO is Rob Khazzam. Float is based in Toronto, Canada. Website: www.floatfinancial.com</p><p><strong>Taktile</strong> raised $110 million from Growth Equity at Goldman Sachs Alternatives on June 24, 2026. Software platform for building and evaluating automated decision flows. Taktile is based in New York, NY, United States. Website: www.taktile.com</p><h2><strong>Three Most Interesting Deals</strong></h2><p><strong>Reflection AI ($2.5B from Nvidia, Sequoia, Lightspeed, JPMorgan and B Capital): </strong>Reflection AI is building open-weight foundation models positioned as U.S.-based alternatives to DeepSeek, aiming to give enterprises and developers something they can run, audit, and fine-tune without a black box. The timing is sharp: demand for &#8220;open but capable&#8221; models is accelerating as teams look to reduce vendor lock-in and navigate tighter procurement and sovereignty requirements. Reflection&#8217;s momentum is as much about distribution as research&#8212;its backers include Nvidia alongside Sequoia, Lightspeed, JPMorgan, and B Capital, which can translate into compute access and enterprise doors. The sheer scale of the $2.5B Series C at a $27.5B valuation underscores how quickly open models have become a front-line competitive arena, not a side project.</p><p><strong>Hermeus ($200M from Khosla Ventures): </strong>Hermeus is developing hypersonic aircraft designed to make long-haul travel dramatically faster, compressing routes like transoceanic flights into a fraction of today&#8217;s time. What&#8217;s interesting now is the shift from concept to execution: the company has been iterating through real hardware and test programs to de-risk propulsion, thermal management, and materials&#8212;where most &#8220;faster airplane&#8221; pitches die. Defense and national-security interest continues to pull hypersonics forward, and that often creates the early budgets, facilities access, and flight-test cadence that later spill into commercial ambitions. Khosla Ventures led a $200M Series C that values the company at $1B, keeping Hermeus in the small set of aviation startups funded to run multiple expensive build-test cycles.</p><p><strong>Quantum Motion ($160M from DCVC and Kembara): </strong>Quantum Motion is building a universal quantum computer using CMOS-compatible processes, a pragmatic approach that tries to make quantum hardware look more like scalable semiconductor manufacturing than bespoke lab equipment. The core appeal is manufacturability: if qubits can be fabricated and controlled using tooling and processes adjacent to existing chip fabs, the path to higher volumes and tighter tolerances gets less speculative. That stance also fits the current market reality&#8212;buyers and governments are getting less patient with &#8220;science project&#8221; roadmaps and more focused on credible engineering routes to scale. The company raised a $160M Series C led by DCVC and Kembara, giving it a longer runway to prove that CMOS-friendly quantum isn&#8217;t just elegant on paper but reproducible in production-like flows.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of June 28, 2026]]></title><description><![CDATA[There were 23 Series As in the last week that raised a total of $813.8 million. The average deal size was $35.4 million while the median was $25.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-june-28</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-june-28</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 06 Jul 2026 11:13:30 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!odT9!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!odT9!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!odT9!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png 424w, /__u/substackcdn.com/image/fetch/$s_!odT9!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png 848w, /__u/substackcdn.com/image/fetch/$s_!odT9!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png 1272w, /__u/substackcdn.com/image/fetch/$s_!odT9!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!odT9!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png" width="1456" height="437" 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png 424w, /__u/substackcdn.com/image/fetch/$s_!odT9!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png 848w, /__u/substackcdn.com/image/fetch/$s_!odT9!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png 1272w, /__u/substackcdn.com/image/fetch/$s_!odT9!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F82d454d4-83f1-48ab-9772-ef3c4d9d646d_1940x582.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>8090</strong> raised $135 million from Salesforce Ventures on June 29, 2026. AI-native platform for streamlining software design. 8090 is based in Menlo Park, CA, United States. Website: www.8090.ai</p><p><strong>Apoth&#233;kary</strong> raised $10 million from Shiseido, roughly 50 angel investors, NextLevel Management, founders and family offices, and debt provided by RSF Social Finance on June 29, 2026. Holistic wellness and medicine rooted in Eastern traditions. Apoth&#233;kary is based in Lorton, VA, United States. Website: www.apothekary.co</p><p><strong>Jota</strong> raised $29 million at a $185 million valuation from Haun Ventures on June 29, 2026. AI-driven platform for managing finances and operations for entrepreneurs. Jota is based in S&#227;o Paulo, Brazil. Website: www.jota.ai</p><p><strong>Mako</strong> raised $19.3 million from Virescent Ventures on June 29, 2026. Aerodynamic drag-reducing surface film for aircraft. Mako is based in Sydney, Australia. Website: www.mako.aero</p><p><strong>Omen AI</strong> raised $31 million from Nava Ventures on June 29, 2026. Prediction platform for critical industries. Omen AI is based in San Francisco, CA, United States. Website: www.omen.ai</p><p><strong>Straiker</strong> raised $64 million from Marathon Management Partners, Citi Ventures, Illuminate Financial, and Workday Ventures on June 29, 2026. AI-native security solutions protecting against various risks. The CEO is Ankur Shah. Straiker is based in Sunnyvale, CA, United States. Website: www.straiker.ai</p><p><strong>Dominion Dynamics</strong> raised $97.7 million at a $400 million valuation from Georgian on June 30, 2026. Real-time command and control platform for extreme operational environments. Dominion Dynamics is based in Ottawa, Canada. Website: www.dominion-dynamics.com</p><p><strong>Fossefall</strong> raised $50.3 million at a $250 million valuation from a group of Norwegian and Swedish industry and technology investors plus a U.S.-based AI investor on June 30, 2026. AI infrastructure and sovereign GPUaaS data center operator. Fossefall is based in Oslo, Norway. Website: www.fossefall.ai</p><p><strong>Pie</strong> raised $19.5 million from Lightspeed Venture Partners on June 30, 2026. AI-powered growth platform for small businesses. Pie is based in Houston, TX, United States. Website: www.getpie.com</p><p><strong>Southern Launch</strong> raised $25 million on June 30, 2026. Aerospace infrastructure and logistics support for space launches. The CEO is Lloyd Damp. Southern Launch is based in Hindmarsh, Australia. Website: www.southernlaunch.space</p><p><strong>Taxwire</strong> raised $25 million from Headline on June 30, 2026. Global sales tax compliance software. Taxwire is based in New York, NY, United States. Website: www.taxwire.com</p><p><strong>hallo theo</strong> raised $28.5 million from existing backer Insight Partners and a debt facility from funds and accounts managed by BlackRock on June 30, 2026. Property management company enhancing customer experience with technology. The CEO is Jona Schaeffer. hallo theo is based in Berlin, Germany. Website: www.hallotheo.de</p><p><strong>CarbonSix</strong> raised $40 million from DSC Investment and LB Investment on July 1, 2026. AI-powered robotics for advanced manufacturing environments. The CEO is Terry Moon. CarbonSix is based in Seoul, South Korea. Website: www.carbon6robotics.com</p><p><strong>Dovetail Capital</strong> raised $10.5 million from Elev8 Venture Partners on July 1, 2026. Asset servicing solutions provider. Dovetail Capital is based in Mumbai, India. Website: www.dovetailindia.com</p><p><strong>GrowthX AI</strong> raised $12 million on July 1, 2026. Content creation platform with flexible AI capabilities. The CEO is Marcel Santilli. GrowthX AI is based in San Francisco, CA, United States. Website: www.growthx.ai</p><p><strong>OXMIQ</strong> raised $35 million from Fundomo and Samsung Catalyst Fund on July 1, 2026. GPU hardware IP stack for scalable edge AI devices. The CEO is Raja Koduri. OXMIQ is based in Campbell, CA, United States. Website: www.oxmiq.ai</p><p><strong>Ognomy</strong> raised $20 million from Catalyst Investors on July 1, 2026. Virtual sleep apnea care platform with AI workflow tools. Ognomy is based in Buffalo, NY, United States. Website: www.ognomy.com</p><p><strong>Venice</strong> raised $65 million at a $1 billion valuation from Dragonfly on July 1, 2026. Private, uncensored AI chat and image generation platform. Venice is based in Sheridan, WY, United States. Website: www.venice.ai</p><p><strong>1001 AI</strong> raised $30 million from Lux Capital on July 2, 2026. Sovereign artificial intelligence platform for the Middle East. The CEO is Bilal Abu-Ghazaleh. 1001 AI is based in London, United Kingdom. Website: www.1001.ai</p><p><strong>BatX Energies</strong> raised $11 million from IvyCap Ventures on July 2, 2026. Battery recycling platform for a circular economy in lithium-ion batteries. BatX Energies is based in Haryana, India. Website: www.batxenergies.com</p><p><strong>Linq</strong> raised $22 million on July 2, 2026. GenAI-native market intelligence and analytics platform for hedge funds. Linq is based in Cambridge, MA, United States. Website: www.getlinq.com</p><p><strong>Luxonis</strong> raised $14 million from Denali Growth Partners on July 2, 2026. Computer vision and AI solutions for robotics and automation. The CEO is Bradley Dillon. Luxonis is based in Littleton, CO, United States. Website: www.luxonis.com</p><p><strong>StirlingX</strong> raised $20 million from Ventura Capital and RCM Private Markets Master Fund managed by Rokos Capital Management US on July 2, 2026. AI-driven data intelligence and autonomous drone solutions provider. The CEO is Dean Jones. StirlingX is based in London, United Kingdom. Website: www.stirlingx.io<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>OXMIQ ($35M from Fundomo and Samsung Catalyst Fund): </strong>OXMIQ builds the GPU hardware IP and software stack that lets device makers ship scalable edge-AI compute without designing a full GPU from scratch. The timing is good: more models are being pushed on-device for latency, privacy, and cost reasons, and vendors want a path that&#8217;s more power-efficient than reusing datacenter architectures. What&#8217;s interesting is the &#8220;stack&#8221; angle&#8212;if OXMIQ can pair a licensable GPU core with drivers, compilers, and runtime tuned for edge workloads, it becomes a drop-in platform rather than a one-off IP block. The $35M Series A, led by Fundomo and Samsung Catalyst Fund, suggests it&#8217;s gearing up for broader design-in cycles with OEMs and silicon partners.</p><p><strong>Dominion Dynamics ($97.7M from Georgian): </strong>Dominion Dynamics makes a real-time command-and-control platform for teams operating in harsh, high-stakes environments where connectivity is unreliable and decisions can&#8217;t wait. Instead of another dashboard, it&#8217;s built for live coordination&#8212;ingesting sensor feeds, tracking assets, and pushing actions across field units under extreme constraints. The $400M valuation on a $97.7M round implies meaningful adoption and deployment depth, not just pilots, especially given the integration-heavy nature of this category. With Georgian leading, Dominion looks positioned to expand beyond a single domain into a broader operating layer for industrial, defense, and emergency-response workflows.</p><p><strong>Mako ($19.3M from Virescent Ventures): </strong>Mako sells a surface film that reduces aerodynamic drag on aircraft, turning fuel burn savings into a fast-payback retrofit. Airlines and lessors are hunting for near-term efficiency wins while they wait on new airframes and SAF scale-up, and a film you can apply during maintenance fits that reality. The key question is durability and certification across fleets; if Mako&#8217;s material holds up through cycles and cleaning regimes, it can spread aircraft-by-aircraft with clear ROI. Virescent Ventures leading a $19.3M Series A points to a push from validation into broader commercial rollouts, likely starting with high-utilization segments where fuel savings are easiest to measure.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series B activity: June 2026]]></title><description><![CDATA[There were 43 Series Bs in the last month that raised a total of $14.9 billion. The average deal size was $346.8 million while the median was $40.0 million.]]></description><link>https://postround.substack.com/p/series-b-activity-june-2026</link><guid isPermaLink="false">https://postround.substack.com/p/series-b-activity-june-2026</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Thu, 02 Jul 2026 11:12:31 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!oMmB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series B deals done worldwide (ex-China) where amount raised is greater than $15M and the company is not focused on therapeutics.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!oMmB!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!oMmB!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png 424w, /__u/substackcdn.com/image/fetch/$s_!oMmB!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png 848w, /__u/substackcdn.com/image/fetch/$s_!oMmB!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png 1272w, /__u/substackcdn.com/image/fetch/$s_!oMmB!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png 1456w" sizes="100vw"><img 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png 424w, /__u/substackcdn.com/image/fetch/$s_!oMmB!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png 848w, /__u/substackcdn.com/image/fetch/$s_!oMmB!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png 1272w, /__u/substackcdn.com/image/fetch/$s_!oMmB!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F895ddc93-030b-49fc-b4b5-dc17e1e3463c_1944x590.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series B Deals</strong></h2><p><strong>Anveshan</strong> raised $15.8 million at a $88.3 million valuation from Vertex Ventures Southeast Asia &amp; India on June 1, 2026. Clean-label food brand sourcing minimally processed products from rural producers. Anveshan is based in Bengaluru, India. Website: www.anveshan.farm</p><p><strong>Unastella</strong> raised $24 million from Altos Ventures on June 1, 2026. Human space travel platform using proprietary launch vehicles. The CEO is Jae Park. Unastella is based in Seoul, South Korea. Website: www.unastella.co</p><p><strong>Twinco Capital</strong> raised $17.5 million from FMO on June 2, 2026. Affordable supply chain financing for suppliers and buyers. The CEO is Sandra Nolasco. Twinco Capital is based in Alcobendas, Spain. Website: www.twincocapital.com</p><p><strong>Unframe</strong> raised $50 million from Highland Europe on June 2, 2026. Platform for building custom AI solutions at scale. The CEO is Shay Levi. Unframe is based in Cupertino, CA, United States. Website: www.unframe.ai</p><p><strong>California Naturals</strong> raised $15 million from Align Ventures on June 3, 2026. Affordable natural personal care and home goods brand. The CEO is Shelby Wild. California Naturals is based in Los Angeles, CA, United States. Website: www.thecalifornianaturals.com</p><p><strong>FirstClub</strong> raised $55 million at a $255 million valuation from Peak XV Partners and Sofina on June 3, 2026. Curated quick-commerce grocery platform focused on quality-selected everyday products. The CEO is Ayyappan R. FirstClub is based in Bengaluru, India. Website: www.firstclub.site</p><p><strong>Forage</strong> raised $40 million at a $225 million valuation from Mouro Capital on June 3, 2026. Third-party payment processor for online SNAP EBT transactions. The CEO is Ofek Lavian. Forage is based in San Francisco, CA, United States. Website: www.joinforage.com</p><p><strong>Wordsmith AI</strong> raised $70 million on June 3, 2026. Advanced legal AI for in-house legal teams. The CEO is Ross McNairn. Wordsmith AI is based in Edinburgh, United Kingdom. Website: www.wordsmith.ai</p><p><strong>Aveni</strong> raised $16.1 million from PXN Ventures and supported by Puma Growth Partners, Lloyds Banking Group, Nationwide and Scottish Enterprise on June 4, 2026. AI-driven solutions enhancing efficiency in financial services. The CEO is Joseph Twigg. Aveni is based in Edinburgh, United Kingdom. Website: www.aveni.ai</p><p><strong>Allen Control Systems</strong> raised $200 million at a $2.2 billion valuation from Smash Capital on June 5, 2026. Robotics defense company developing counter-drone technology. The CEO is Mike Wior. Allen Control Systems is based in Austin, TX, United States. Website: www.allencontrolsystems.com</p><p><strong>GR3N</strong> raised $18 million from 360 Capital on June 5, 2026. Chemical PET recycling technology using microwave process. The CEO is Maurizio Crippa. GR3N is based in Castagnola, Switzerland. Website: www.gr3n-recycling.com</p><p><strong>Innefu Labs</strong> raised $30 million from Panthera Growth Partners on June 5, 2026. Information security products and services provider. Innefu Labs is based in Delhi, India. Website: www.innefu.com</p><p><strong>PointFive</strong> raised $60 million from Accel on June 8, 2026. Cloud cost savings through detection and collaborative repair solutions. PointFive is based in New City, NY, United States. Website: www.pointfive.co</p><p><strong>Triorb</strong> raised $179.9 million from Sparx Asset Management, The University of Tokyo Edge Capital Partners, Mitsubishi UFJ Capital, DRONE FUND, Japan Science and Technology Agency, AIST Solutions, and Mizuho Capital on June 8, 2026. Robot mobility development through software and hardware solutions. The CEO is Shuichi Ishida, Ph.D.. Triorb is based in Kitakyushu, Japan. Website: www.triorb.co.jp</p><p><strong>Exponent Energy</strong> raised $21 million at a $120 million valuation from 360 ONE Asset and TDK Ventures on June 10, 2026. Fast charging technology for electric vehicles and battery management. Exponent Energy is based in Bengaluru, India. Website: www.exponent.energy</p><p><strong>TensorWave</strong> raised $350 million at a $1.6 billion valuation from Magnetar and AMD Ventures on June 10, 2026. AI and HPC cloud platform using AMD accelerators for demanding workloads. The CEO is Darrick Horton. TensorWave is based in Las Vegas, NV, United States. Website: www.tensorwave.com</p><p><strong>Coram AI</strong> raised $35 million from Ansa Capital and Battery Ventures on June 11, 2026. Video intelligence platform providing operational insights and security. The CEO is Ashesh Jain. Coram AI is based in Sunnyvale, CA, United States. Website: www.coram.ai</p><p><strong>Equal AI</strong> raised $30 million from Prosus Ventures and Tomales Bay Capital on June 11, 2026. AI call screening and voicemail transcription app. Equal AI is based in Hyderabad, India. Website: www.myequal.ai</p><p><strong>Genspark AI</strong> raised $100 million at a $2.6 billion valuation on June 11, 2026. AI workspace streamlining tasks with integrated tools and automation. The CEO is Eric Jing. Genspark AI is based in Palo Alto, CA, United States. Website: www.genspark.ai</p><p><strong>PhoenixAI</strong> raised $80 million from Sky9 Capital on June 11, 2026. Analytics platform powered by StarRocks for enterprise support. PhoenixAI is based in Menlo Park, CA, United States. Website: www.phoenixdata.ai</p><p><strong>Project Prometheus</strong> raised $12 billion at a $41 billion valuation on June 12, 2026. AI tools for engineering and manufacturing optimization. The CEO is Vikram Bajaj. Project Prometheus is based in San Francisco, CA, United States. Website: www.prometheus.ai</p><p><strong>Respond.io</strong> raised $62.5 million from Camber Partners on June 15, 2026. Commerce conversational platform for enterprise marketing and sales. The CEO is Gerardo Salandra. Respond.io is based in Kuala Lumpur, Malaysia. Website: www.respond.io</p><p><strong>Silicon Flow</strong> raised $295.4 million on June 16, 2026. AI infrastructure for large model inference and deployment systems. The CEO is Jinhui Yuan. Silicon Flow is based in Singapore. Website: www.siliconflow.com</p><p><strong>TruNativ</strong> raised $30 million from OrbiMed on June 16, 2026. Producer and distributor of nutrition products for health enthusiasts. The CEO is Pranav Malhotra. TruNativ is based in Mumbai, India. Website: www.trunativ.co</p><p><strong>Dawn Aerospace</strong> raised $25 million at a $195 million valuation from a global syndicate on June 17, 2026. Reusable launch vehicles and non-toxic satellite propulsion systems. The CEO is Stefan Powell. Dawn Aerospace is based in Christchurch, New Zealand. Website: www.dawnaerospace.com</p><p><strong>Odyssey</strong> raised $310 million at a $1.4 billion valuation from Natural Capital on June 17, 2026. AI start-up providing Hollywood-grade visual AI solutions. The CEO is Oliver Cameron. Odyssey is based in Menlo Park, CA, United States. Website: www.odyssey.systems</p><p><strong>Twenty</strong> raised $100 million at a $1 billion valuation from Accel on June 17, 2026. Cyber warfare software for automating offensive cyber operations. The CEO is Joe Lin. Twenty is based in Arlington, VA, United States. Website: www.twenty.io</p><p><strong>Connie Health</strong> raised $40 million from HealthQuest Capital on June 18, 2026. Empowering older Americans to make confident healthcare decisions. The CEO is Oded Eran. Connie Health is based in Boston, MA, United States. Website: www.conniehealth.com</p><p><strong>Gero</strong> raised $17 million from Melnichek Investments on June 19, 2026. AI drug discovery company focused on chronic diseases. The CEO is Peter Fedichev. Gero is based in Singapore. Website: www.gero.ai</p><p><strong>Verse</strong> raised $54 million from Bessemer Venture Partners on June 19, 2026. Software platform for managing and optimizing clean energy assets. The CEO is Seyed Madaeni. Verse is based in San Francisco, CA, United States. Website: www.verse.inc</p><p><strong>ElevationSpace</strong> raised $40 million from SPARX Asset Management, Beyond Next Ventures, Energy &amp; Environment Investment, NTT DOCOMO Ventures, Toyoda Gosei and Dai Nippon Printing on June 21, 2026. On-orbit construction and transportation for space utilization. The CEO is Ryohei Kobayashi. ElevationSpace is based in Miyagi, Japan. Website: www.elevation-space.com</p><p><strong>Fomo</strong> raised $75 million at a $550 million valuation from Index Ventures on June 22, 2026. Social-first on-chain trading app that abstracts wallets, chains, gas fees, and routing. Fomo is based in New York, NY, United States. Website: www.fomo.family</p><p><strong>Allium</strong> raised $40 million from Amplify Partners on June 23, 2026. On-chain data infrastructure solutions for blockchain applications. The CEO is Ethan Chan. Allium is based in New York, NY, United States. Website: www.allium.so</p><p><strong>Mitigata</strong> raised $15 million from Bessemer Venture Partners on June 23, 2026. AI-native cyber resilience platform combining security operations, compliance, incident response, and cyber insurance. Mitigata is based in Bengaluru, India. Website: www.mitigata.com</p><p><strong>Partly</strong> raised $50 million at a $500 million valuation from DST Global Partners on June 23, 2026. Database solutions for matching buyers and sellers in auto parts. The CEO is Levi Fawcett. Partly is based in Christchurch, New Zealand. Website: www.partly.com</p><p><strong>Redo</strong> raised $81 million at a $1.2 billion valuation from Smash Capital on June 23, 2026. Return automation platform that turns refunds into exchanges or credit. The CEO is Sterling Snow. Redo is based in Draper, UT, United States. Website: www.redo.com</p><p><strong>Vurvey</strong> raised $22.9 million on June 23, 2026. Applied AI company creating models for enhanced human collaboration. Vurvey is based in Cincinnati, OH, United States. Website: www.vurvey.co</p><p><strong>Attention</strong> raised $30 million from RTP Global on June 24, 2026. AI-powered sales automation for insights and follow-up actions. The CEO is Anis Bennaceur. Attention is based in New York, NY, United States. Website: www.attention.com</p><p><strong>xCures</strong> raised $46 million at a $127 million valuation from Innovius Capital on June 24, 2026. Patient records platform with AI summaries and checklists. The CEO is Mika Newton. xCures is based in Oakland, CA, United States. Website: www.xcures.com</p><p><strong>Patronus AI</strong> raised $50 million from Greenfield Partners on June 25, 2026. Automated evaluation and security platform for language models. The CEO is Anand Kannappan. Patronus AI is based in San Francisco, CA, United States. Website: www.patronus.ai</p><p><strong>AllHome</strong> raised $21.2 million at a $211.7 million valuation from Bessemer Venture Partners on June 26, 2026. Home interiors platform for omnichannel brands and consumers. AllHome is based in Mumbai, India. Website: www.allhome.in</p><p><strong>Warp</strong> raised $60 million from Battery Ventures on June 27, 2026. AI-native employee management platform for payroll, HR, and compliance. Warp is based in New York, NY, United States. Website: www.joinwarp.com</p><p><strong>Delphi Digital</strong> raised $40 million from Amplify Partners, Kleiner Perkins and Theory VC on June 28, 2026. Institutional-grade digital asset market research boutique. Delphi Digital is based in New York, NY, United States. Website: www.delphidigital.io</p><h2><strong>Three Most Interesting Deals</strong></h2><p><strong>Fomo ($75M from Index Ventures): </strong>Fomo is building a social-first on-chain trading app that hides the complexity of wallets, chains, gas fees, and routing behind a consumer-grade experience. The $75M Series B led by Index Ventures, with participation from Union Square Ventures and Benchmark, is interesting because it suggests mainstream consumer investors are treating on-chain trading as a product design and distribution problem, not just crypto infrastructure.</p><p><strong>Project Prometheus ($12B): </strong>Project Prometheus is an unusually ambitious physical AI company applying AI systems to engineering, manufacturing, aerospace, robotics, and other real-world industrial domains. The reported $12B Series B at a $41B valuation is the clearest signal in the report that capital is concentrating behind companies trying to turn AI from digital generation into physical-world design and production infrastructure.</p><p><strong>Odyssey ($310M from Natural Capital): </strong>Odyssey is building world models for interactive video, robotics, and gaming, aiming to simulate physical environments rather than generate isolated clips. Its $310M Series B at a $1.45B valuation, led by Natural Capital with Amazon and AMD Ventures in the syndicate, makes it one of the strongest signals that investors see spatial and physical simulation as a major AI platform layer.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of June 21, 2026]]></title><description><![CDATA[There were 33 Series As in the last week that raised a total of $1.3 billion. The average deal size was $40.6 million while the median was $21.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-june-21</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-june-21</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 29 Jun 2026 14:53:01 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!4Lkn!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!4Lkn!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!4Lkn!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png 424w, /__u/substackcdn.com/image/fetch/$s_!4Lkn!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png 848w, /__u/substackcdn.com/image/fetch/$s_!4Lkn!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png 1272w, /__u/substackcdn.com/image/fetch/$s_!4Lkn!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!4Lkn!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png" width="1456" height="438" 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png 424w, /__u/substackcdn.com/image/fetch/$s_!4Lkn!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png 848w, /__u/substackcdn.com/image/fetch/$s_!4Lkn!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png 1272w, /__u/substackcdn.com/image/fetch/$s_!4Lkn!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7d5114ce-da78-4a21-80e3-1d1590bce6a6_1940x584.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Isometric</strong> raised $40 million from AVP on June 22, 2026. Registry for high-quality science-backed carbon removal credits. The CEO is Eamon Jubbawy. Isometric is based in London, United Kingdom. Website: www.isometric.com</p><p><strong>Prosper AI</strong> raised $30 million from Andreessen Horowitz on June 22, 2026. AI agents managing healthcare calls to reduce administrative costs. Prosper AI is based in New York, NY, United States. Website: www.getprosper.ai</p><p><strong>Sea12</strong> raised $25 million from Caffeinated Capital on June 22, 2026. AI knowledge systems for industrial and manufacturing operations. The CEO is Charles Englander. Sea12 is based in New York, NY, United States. Website: www.sea12.co</p><p><strong>Superlight</strong> raised $21 million from Engine Ventures and 2150 on June 22, 2026. Middle-mile commercial EV platform with AI-native production. Superlight is based in London, United Kingdom. Website: www.superlight.auto</p><p><strong>Upscale AI</strong> raised $190 million at a $2 billion valuation from Premji Invest on June 22, 2026. High-performance AI networking company accelerating AI democratization. The CEO is Barun Kar. Upscale AI is based in Santa Clara, CA, United States. Website: www.upscaleai.com</p><p><strong>Astral Systems</strong> raised $30.4 million from Mercia Ventures on June 23, 2026. Transformative fusion technology for health and sustainable energy. The CEO is Talmon Firestone. Astral Systems is based in Bristol, United Kingdom. Website: www.astralsystems.com</p><p><strong>JUPUS</strong> raised $14.8 million from Semapa Next on June 23, 2026. Legal AI secretary streamlining law firm processes. JUPUS is based in Cologne, Germany. Website: www.jupus.de</p><p><strong>JustAI</strong> raised $17 million from Base10 Partners on June 23, 2026. Hyper-personalized content testing platform at scale. The CEO is Neha Mittal. JustAI is based in San Francisco, CA, United States. Website: www.getjust.ai</p><p><strong>Niural</strong> raised $21 million from FOG Ventures, NewView Capital and continued on June 23, 2026. AI-enabled platform transforming PEO and global payroll services. The CEO is Nami Baral. Niural is based in New York, NY, United States. Website: www.niural.com</p><p><strong>Probook</strong> raised $34 million from Andreessen Horowitz and a $6M Seed led by Sequoia Capital on June 23, 2026. AI dispatching software for home services businesses. The CEO is George Eliadis. Probook is based in New York, NY, United States. Website: www.probook.ai</p><p><strong>Tetrix</strong> raised $15 million from White Star Capital and Innovation Endeavors on June 23, 2026. AI-driven enterprise solution for simplifying alternative investment data. Tetrix is based in New York, NY, United States. Website: www.tetrix.co</p><p><strong>Timefold</strong> raised $13 million from Alstin Capital on June 23, 2026. PlanningAI solutions for complex scheduling and routing challenges. The CEO is Maarten Vandenbroucke. Timefold is based in Ghent, Belgium. Website: www.timefold.ai</p><p><strong>Tsuga</strong> raised $35 million from Singular on June 23, 2026. Enterprise-grade observability platform for compliance and cost control. The CEO is Gabriel-James Safar. Tsuga is based in Paris, France. Website: www.tsuga.com</p><p><strong>VARM</strong> raised $20 million from ABN AMRO Sustainable Impact Fund and co-led by GET Fund on June 23, 2026. Infrastructure provider for household insulation and energy efficiency. The CEO is Sebastian Wuerz. VARM is based in Berlin, Germany. Website: www.varm.earth</p><p><strong>Bodycraft</strong> raised $12.7 million from Singularity AMC on June 24, 2026. Women&#8217;s skincare clinic offering hair and beauty services. Bodycraft is based in Bengaluru, India. Website: www.bodycraft.co.in</p><p><strong>Caplight</strong> raised $16 million from BlackRock and Fin Capital on June 24, 2026. Platform for institutional investors to trade private equity derivatives. The CEO is Javier Avalos. Caplight is based in San Francisco, CA, United States. Website: www.caplight.com</p><p><strong>Coval</strong> raised $28 million from Norwest on June 24, 2026. Simulation and evaluation platform for AI agents and assistants. The CEO is Brooke Hopkins. Coval is based in San Francisco, CA, United States. Website: www.coval.dev</p><p><strong>Lama AI</strong> raised $12 million from EJF Ventures on June 24, 2026. AI-driven solutions for business loan portfolio growth and approvals. The CEO is Omri Yacubovich. Lama AI is based in New York, NY, United States. Website: www.lama.ai</p><p><strong>Onyx Odds</strong> raised $20 million at a $220 million valuation from Payward on June 24, 2026. Sports predictions company. The CEO is Leul D.. Onyx Odds is based in New York, NY, United States. Website: www.onyxodds.com</p><p><strong>RunPod</strong> raised $100 million at a $1 billion valuation from Summit Partners on June 24, 2026. Cloud platform for deploying customized AI applications on GPUs. The CEO is Zhen Lu. RunPod is based in Mount Laurel, NJ, United States. Website: www.runpod.io</p><p><strong>Runlayer</strong> raised $30 million from Felicis on June 24, 2026. AI security platform for enterprise-ready model context protocol. The CEO is Andrew Berman. Runlayer is based in New York, NY, United States. Website: www.runlayer.com</p><p><strong>Sopht</strong> raised $8.5 million from Ternel on June 24, 2026. Environmental services platform for decarbonation and IT optimization. The CEO is J&#233;r&#233;mie VEG. Sopht is based in Villeurbanne, France. Website: www.sopht.com/en</p><p><strong>Trovy</strong> raised $15 million from Left Lane Capital on June 24, 2026. Fintech company providing applications, analytics, and financial services. The CEO is TJ Milani. Trovy is based in New York, NY, United States. Website: www.trovy.com</p><p><strong>Almetra</strong> raised $18.5 million from blisce/ on June 25, 2026. Manufacturing intelligence platform using AI and overhead cameras. Almetra is based in Berlin, Germany. Website: www.almetra.ai</p><p><strong>Arca</strong> raised $48.5 million from General Catalyst on June 25, 2026. AI-native wealth management platform with advisor-led financial advice. Arca is based in New York, NY, United States. Website: www.arcawealth.com</p><p><strong>Folio Photonics</strong> raised $8 million from Material Impact and The O.H.I.O. Fund on June 25, 2026. Optical data storage discs with high capacity and low-cost manufacturing. The CEO is Steven Santamaria. Folio Photonics is based in Solon, OH, United States. Website: www.foliophotonics.com</p><p><strong>Hera</strong> raised $27 million from Bain Capital Ventures on June 25, 2026. Aging care platform for elderly parents. The CEO is Jenny Lee. Hera is based in New York, NY, United States. Website: www.hellohera.com</p><p><strong>Nebulock</strong> raised $25 million from FirstMark on June 25, 2026. AI-driven threat hunting platform for security stack optimization. Nebulock is based in Boston, MA, United States. Website: www.nebulock.io</p><p><strong>Netris</strong> raised $15 million from Andreessen Horowitz on June 25, 2026. Cloud-grade network automation and multi-tenancy software. The CEO is Alex Saroyan. Netris is based in Santa Clara, CA, United States. Website: www.netris.io</p><p><strong>Scaled Cognition</strong> raised $100 million from Khosla Ventures on June 25, 2026. Conversational AI platform with hallucination-free agents. Scaled Cognition is based in Amesbury, MA, United States. Website: www.scaledcognition.com</p><p><strong>Upside</strong> raised $20 million from Aquiline and Flare Capital Partners on June 25, 2026. Enhancing quality of life for older adults. The CEO is Jake Rothstein. Upside is based in Fort Lauderdale, FL, United States. Website: www.joinupside.com</p><p><strong>General Intuition</strong> raised $320 million at a $2.3 billion valuation from Khosla Ventures on June 26, 2026. Research lab developing adaptive AI through play and gaming. General Intuition is based in New York, NY, United States. Website: www.generalintuition.com</p><p><strong>GrailPay</strong> raised $10.5 million from MissionOG on June 26, 2026. Embedded machine-learning risk analytics for secure ACH payments. The CEO is William Messina. GrailPay is based in New York, NY, United States. Website: www.grailpay.com<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>General Intuition ($320M from Khosla Ventures): </strong>General Intuition is building AI systems that learn by playing games, treating gameplay as a training ground for adaptive behavior rather than static benchmarks. The lab&#8217;s focus on &#8220;learning to learn&#8221; through interactive environments taps a clear tailwind: frontier models are running out of easy gains from more web text and need richer, feedback-driven experience. Going big early also hints at ambition to build proprietary game-like worlds, tooling, and evaluation suites that can become moats in a space where data quality is becoming the bottleneck. Khosla Ventures leading a massive $320M Series A at a $2.3B valuation puts General Intuition in the small club of labs trying to turn reinforcement learning and simulation into the next scaling path.</p><p><strong>RunPod ($100M from Summit Partners): </strong>RunPod runs a GPU cloud that lets teams spin up and deploy customized AI workloads without having to stitch together their own infrastructure. It&#8217;s positioned for the next wave of AI builders who need predictable performance and cost control for training, fine-tuning, and inference&#8212;especially as more apps move from &#8220;demo&#8221; to production. The product pitch is practical: fast access to GPUs, simpler deployment paths, and flexibility for teams that don&#8217;t fit neatly into hyperscaler defaults. Summit Partners led a $100M Series A at a $1.0B valuation, underscoring how much value is accruing to the picks-and-shovels layer as GPU demand stays structurally tight.</p><p><strong>Isometric ($40M from AVP): </strong>Isometric operates a registry for carbon removal credits, focused on making credits auditable, science-backed, and easier for buyers to trust. As corporate procurement shifts from vague offsets to durable removal, the bottleneck is increasingly verification and standardization&#8212;exactly where registries can shape what &#8220;high quality&#8221; means. By emphasizing rigorous measurement and transparent rules, Isometric is trying to become the default rails for a market that still suffers from inconsistent methodologies and reputational risk. AVP led a $40M Series A, a notable signal that infrastructure for carbon markets is maturing from pilot programs into higher-stakes procurement.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of June 14, 2026]]></title><description><![CDATA[There were 25 Series As in the last week that raised a total of $855.2 million. The average deal size was $34.2 million while the median was $22.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-june-14</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-june-14</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 22 Jun 2026 13:23:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!le-A!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!le-A!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!le-A!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png 424w, /__u/substackcdn.com/image/fetch/$s_!le-A!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, 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data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:441,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:86249,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://postround.substack.com/i/203089148?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!le-A!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png 424w, /__u/substackcdn.com/image/fetch/$s_!le-A!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png 848w, /__u/substackcdn.com/image/fetch/$s_!le-A!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png 1272w, /__u/substackcdn.com/image/fetch/$s_!le-A!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6bd6d7a8-a4c1-4986-ae86-508ef28740db_1764x534.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Arcade.dev</strong> raised $60 million from SYN Ventures on June 15, 2026. AI tool-calling platform for seamless integrations and task automation. The CEO is Alex Salazar. Arcade.dev is based in San Francisco, CA, United States. Website: www.arcade.dev</p><p><strong>Orbio</strong> raised $21 million from Visionaries, Dawn Capital, Plus Partners, Enzo Ventures, Endeavor Catalyst, 2100 Ventures, and GP Compas on June 15, 2026. AI agent platform that automates hiring, onboarding, and day-to-day management of frontline workers. Orbio is based in Madrid, Spain. Website: www.orbio.work</p><p><strong>Podium Automation</strong> raised $18 million from Construct Capital on June 15, 2026. No-code industrial automation platform for manufacturing workflows. The CEO is Jamie Niu Serota. Podium Automation is based in Brooklyn, NY, United States. Website: www.podiumautomation.com</p><p><strong>CNTXT AI</strong> raised $60 million from AI71 and BlueFive Capital on June 16, 2026. AI annotation company with the world&#8217;s largest Arabic digital library. The CEO is Mohammad Abu Sheikh. CNTXT AI is based in Abu Dhabi, United Arab Emirates. Website: www.cntxt.tech</p><p><strong>Foundation Alloy</strong> raised $22 million from Voyager Ventures and participated by Trust Ventures, Yamaha Motors, America&#8217;s Frontier Fund, Overlap Holdings, Material Impact, Engine Ventures, El Cap, and Kanematsu Corporation on June 16, 2026. Advanced materials technology for optimized additive manufacturing alloys. The CEO is Jake Guglin. Foundation Alloy is based in Cambridge, MA, United States. Website: www.foundationalloy.com</p><p><strong>Hydra Host</strong> raised $100 million at a $800 million valuation from Kindred Ventures on June 16, 2026. Marketplace for compute aggregating independent data center resources. The CEO is Aaron Ginn. Hydra Host is based in Miami, FL, United States. Website: www.hydrahost.com</p><p><strong>Lightbringer</strong> raised $10 million from 6 Degrees Capital and Newion on June 16, 2026. Generative AI tools for efficient patent application preparation. The CEO is Dominic Davies. Lightbringer is based in Lund, Sweden. Website: www.lightbringer.com</p><p><strong>Limitless Labs</strong> raised $20 million from Dell Technologies Capital and Square Peg on June 16, 2026. AI-powered CNC machining optimization software. The CEO is David Priev. Limitless Labs is based in Tel Aviv-yafo, Israel. Website: www.limitless-labs.ai</p><p><strong>Rocapine</strong> raised $13 million from Educapital on June 16, 2026. AI-native venture studio for mobile digital health apps. The CEO is Stanislas Marchand. Rocapine is based in Paris, France. Website: www.rocapi.ne</p><p><strong>Conduct</strong> raised $60 million from Index Ventures and Iconiq on June 17, 2026. AI solutions for solving complex IT business challenges. Conduct is based in London, United Kingdom. Website: www.conduct.ai</p><p><strong>Convey</strong> raised $38 million from Andreessen Horowitz on June 17, 2026. AI workforce platform for building digital teammates without code. Convey is based in San Francisco, CA, United States. Website: www.convey.dev</p><p><strong>Everlab</strong> raised $45.9 million from AirTree Ventures on June 17, 2026. Infrastructure for preventative health solutions. The CEO is Marc Hermann. Everlab is based in Sydney, Australia. Website: www.everlab.com.au</p><p><strong>Flagright</strong> raised $12.5 million from Infinity Ventures on June 17, 2026. Real-time fraud detection and anti-money laundering solutions. The CEO is Baran &#214;zkan. Flagright is based in San Francisco, CA, United States. Website: www.flagright.com</p><p><strong>Solius</strong> raised $23 million from Lauder Partners on June 17, 2026. Technology harnessing sunlight to boost vitamin D production safely. The CEO is Bob Wise. Solius is based in Bainbridge Island, WA, United States. Website: www.solius.com</p><p><strong>Trace Finance</strong> raised $32 million from CoinFund on June 17, 2026. Empowering companies with FX and cross-border payment solutions. The CEO is Bernardo Brites. Trace Finance is based in S&#227;o Paulo, Brazil. Website: www.tracefinance.com</p><p><strong>Vixtra</strong> raised $8.8 million from Valor Capital on June 17, 2026. Payment method and credit provider for Latin American importers. Vixtra is based in S&#227;o Paulo, Brazil. Website: www.vixtra.com</p><p><strong>Andera</strong> raised $37 million from Lightspeed Venture Partners on June 18, 2026. AI-powered SOX control testing automation platform. Andera is based in San Francisco, CA, United States. Website: www.andera.ai</p><p><strong>Comand AI</strong> raised $36.8 million from Blossom Capital on June 18, 2026. AI-driven command and control software for defense operations. The CEO is Lo&#239;c Mougeolle. Comand AI is based in Montr&#233;al, Canada. Website: www.comand.ai/en</p><p><strong>Cuprum Metals</strong> raised $19.4 million from the Lundin Family Office on June 18, 2026. Water-based copper leaching technology for ore and tailings recovery. Cuprum Metals is based in Boulder City, NV, United States. Website: www.cuprummetals.com</p><p><strong>El Dorado</strong> raised $9 million from Paradigm on June 18, 2026. Stablecoin-powered payments SuperApp for Latin America. El Dorado is based in Bogot&#225;, Colombia. Website: www.eldorado.io/en</p><p><strong>HUD</strong> raised $16 million from Standard Capital, Y Combinator, ExceptionalCap, Liquid2V, TwentyTwoVC, and angel investors on June 18, 2026. Evaluations platform for computer use agents across environments. The CEO is Jay Ram. HUD is based in San Francisco, CA, United States. Website: www.hud.ai</p><p><strong>Karta</strong> raised $140 million from Galaxy Ventures and CIM on June 18, 2026. Contactless metal credit cards for Latin American residents. The CEO is Freddy Juez. Karta is based in Miami, FL, United States. Website: www.conkarta.com</p><p><strong>Kvasir Technologies</strong> raised $11.5 million from European Energy and on June 18, 2026. Innovative method for producing eco-friendly fuel for tough industries. Kvasir Technologies is based in S&#248;borg, Denmark. Website: www.kvasirtechnologies.com</p><p><strong>Telepatia AI</strong> raised $33 million from a16z on June 18, 2026. Health tech platform using AI to support medical professionals. Telepatia AI is based in S&#227;o Paulo, Brazil. Website: www.telepatia.ai</p><p><strong>Range Labs</strong> raised $8.3 million on June 19, 2026. Blockchain security platform for rollups and enterprise adoption. The CEO is Andres Monteoliva. Range Labs is based in Cham, Switzerland. Website: www.range.org<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Hydra Host ($100M from Kindred Ventures): </strong>Hydra Host runs a marketplace that stitches together spare capacity from independent data centers into on-demand compute. As AI workloads push companies to hunt for GPUs outside the hyperscalers, a broker that can aggregate fragmented supply and standardize provisioning is suddenly practical, not theoretical. The interesting momentum is in the supply-side buildout: onboarding many small operators quickly can turn &#8220;hard to buy&#8221; regional capacity into something developers can consume like a single pool. Hydra Host&#8217;s $100M Series A led by Kindred Ventures suggests they&#8217;re gearing up for deeper infrastructure work&#8212;scheduling, billing, reliability guarantees&#8212;rather than staying a simple listings site.</p><p><strong>Comand AI ($36.8M from Blossom Capital): </strong>Comand AI builds AI-assisted command-and-control software that helps defense teams fuse data, plan missions, and coordinate operations faster. Defense orgs are actively modernizing away from brittle, bespoke systems, and AI that can summarize feeds, surface anomalies, and propose courses of action fits that procurement wave. What&#8217;s notable here is the product&#8217;s position in the workflow: if it becomes the daily operations console, it can spread across units and allied partners as deployments scale. The $36.8M round led by Blossom Capital indicates Comand is moving from pilots toward broader fielding, where reliability, auditability, and human-in-the-loop controls become the real moat.</p><p><strong>Foundation Alloy ($22M from Voyager Ventures): </strong>Foundation Alloy develops new metal alloys and process know-how designed specifically to print better parts with additive manufacturing. Instead of asking manufacturers to compromise with legacy alloys, they&#8217;re tuning compositions for printability, strength, and repeatability&#8212;exactly what&#8217;s needed to move 3D printing from prototypes into production. The momentum angle is the partner mix: participation from Yamaha Motors, materials-focused funds, and industrial backers hints at real evaluation paths in automotive and industrial supply chains. A $22M raise co-led by Voyager Ventures suggests they&#8217;re scaling from lab recipes to qualification, certification, and manufacturing-ready material supply.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of June 7, 2026]]></title><description><![CDATA[There were 30 Series As in the last week that raised a total of $777 million. The average deal size was $25.9 million while the median was $23.6 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-june-7</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-june-7</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 15 Jun 2026 11:32:05 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!WHbQ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!WHbQ!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!WHbQ!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png 424w, /__u/substackcdn.com/image/fetch/$s_!WHbQ!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png 848w, /__u/substackcdn.com/image/fetch/$s_!WHbQ!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png 1272w, /__u/substackcdn.com/image/fetch/$s_!WHbQ!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!WHbQ!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png" width="1456" height="447" data-attrs="{&quot;src&quot;:&quot;https://substack-post-media.s3.amazonaws.com/public/images/6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:447,&quot;width&quot;:1456,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:85238,&quot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;https://postround.substack.com/i/202062752?img=https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" class="sizing-normal" alt="" srcset="/__u/substackcdn.com/image/fetch/$s_!WHbQ!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png 424w, /__u/substackcdn.com/image/fetch/$s_!WHbQ!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png 848w, /__u/substackcdn.com/image/fetch/$s_!WHbQ!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png 1272w, /__u/substackcdn.com/image/fetch/$s_!WHbQ!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6b54c841-a1f0-468b-b020-b12c259fda33_1752x538.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Blnk</strong> raised $12.5 million from Algebra Ventures on June 8, 2026. Fintech firm offering lending, financing, and e-commerce services. The CEO is Amr Sultan. Blnk is based in G&#238;za, Egypt. Website: www.blnk.ai</p><p><strong>EDGE Markets</strong> raised $29.2 million from CoinFund on June 8, 2026. Responsible sports betting tools and ecosystem growth. The CEO is Seni Thomas. EDGE Markets is based in San Diego, CA, United States. Website: www.edgemarkets.io</p><p><strong>Finovox</strong> raised $9.4 million from Swiss fintech fund TX Ventures on June 8, 2026. False document detection and fraud investigation tools. Finovox is based in Paris, France. Website: www.finovox.com</p><p><strong>Folio Photonics</strong> raised $8 million from Material Impact and The O.H.I.O. Fund on June 8, 2026. Optical data storage discs with high capacity and low-cost manufacturing. The CEO is Steven Santamaria. Folio Photonics is based in Solon, OH, United States. Website: www.foliophotonics.com</p><p><strong>NewOrbit</strong> raised $18.5 million from Voyager Ventures on June 8, 2026. Satellite manufacturing for ultra-low orbit imaging and telecom. NewOrbit is based in Reading, United Kingdom. Website: www.neworbit.space</p><p><strong>Alta Ares</strong> raised $57.8 million from Air Street Capital on June 9, 2026. Data integration surveillance service using drone imaging. The CEO is Hadrien C.. Alta Ares is based in Romainville, France. Website: www.altaares.com</p><p><strong>Billables AI</strong> raised $10.2 million from Avenue Growth Partners on June 9, 2026. AI platform streamlining billing for professional services. Billables AI is based in San Francisco, CA, United States. Website: www.billables.ai</p><p><strong>Evotrex</strong> raised $30 million on June 9, 2026. Indoor localization solutions using accessible sensors for accurate tracking. The CEO is Andras Cser&#233;nyi. Evotrex is based in Kecskem&#233;t, Hungary. Website: www.evotrex.com</p><p><strong>Infinity Constellation</strong> raised $24 million from Rafferty Ventures, Oxford Funds, Freestyle VC, Backed VC, BY Ventures, and Millennial Ventures on June 9, 2026. AI-focused startup incubator for service-based businesses. The CEO is Brennan Pothetes. Infinity Constellation is based in Las Vegas, NV, United States. Website: www.infinityconstellation.com</p><p><strong>Sandstone</strong> raised $30 million from Lightspeed Venture Partners on June 9, 2026. Single operating system for corporate legal departments using AI. The CEO is Nick Fleisher. Sandstone is based in Cape Town, South Africa. Website: www.sandstone.ai</p><p><strong>Vinyl Equity</strong> raised $20 million from Jump Capital on June 9, 2026. Cloud-native transfer agency platform for public companies. The CEO is Rob Schoder, Jr. Vinyl Equity is based in Chicago, IL, United States. Website: www.vinylequity.com</p><p><strong>01Health</strong> raised $15 million from Gresham House Ventures on June 10, 2026. Platform for delivering specialist care through local clinics. 01Health is based in London, United Kingdom. Website: www.01health.ai</p><p><strong>Aryon Security</strong> raised $29 million from Brightmind Partners on June 10, 2026. Proactive cloud security startup focused on risk prevention. The CEO is Ron Arbel. Aryon Security is based in Tel Aviv, Israel. Website: www.aryon.security</p><p><strong>Capsa AI</strong> raised $18 million from TX Ventures and Pivot Investment Partners on June 10, 2026. AI-driven investment decision support for private equity firms. The CEO is Danyal &#214;zd&#252;zenciler. Capsa AI is based in London, United Kingdom. Website: www.capsa.ai</p><p><strong>Eclipse</strong> raised $23.1 million from BNP Paribas and Noria on June 10, 2026. Promotes renewable energy deployment with storage solutions. The CEO is Augustin Derville. Eclipse is based in Paris, France. Website: www.eclipse-flow.com</p><p><strong>Jedify</strong> raised $24 million from Norwest on June 10, 2026. AI-driven conversational data analysis platform. The CEO is Assaf Henkin. Jedify is based in Brooklyn, NY, United States. Website: www.jedify.com</p><p><strong>Klinic</strong> raised $24 million from dozens of investors on June 10, 2026. Practice-in-a-box and marketplace for fast affordable treatment. The CEO is Avish Bhama. Klinic is based in Seattle, WA, United States. Website: www.klinic.com</p><p><strong>Maneva</strong> raised $27 million from U.S. Venture Partners on June 10, 2026. AI-powered manufacturing intelligence and orchestration platform. Maneva is based in Palo Alto, CA, United States. Website: www.maneva.ai</p><p><strong>Minerva</strong> raised $20 million from The General Partnership, 8VC, Lingotto Innovation, Topology Ventures, NBA Investments and others on June 10, 2026. Customer behavior analytics platform for go-to-market teams. The CEO is Jackson Engles. Minerva is based in New York, NY, United States. Website: www.minerva.io</p><p><strong>Pi Security</strong> raised $25 million from Third Point Ventures on June 10, 2026. Cybersecurity startup. Pi Security is based in San Francisco, CA, United States. Website: www.pi.security</p><p><strong>Poetic</strong> raised $50 million at a $500 million valuation from Kleiner Perkins on June 10, 2026. Plain-English automation tool for web tasks without integrations. Poetic is based in Manhattan Beach, CA, United States. Website: www.poetic.com</p><p><strong>SWARM Engineering</strong> raised $10 million from S2G Investments and AgRogue Growth Partners on June 10, 2026. SaaS platform using cognitive computing for food supply chain logistics. The CEO is Anthony Howcroft. SWARM Engineering is based in Irvine, CA, United States. Website: www.swarm.engineering</p><p><strong>Dentroid</strong> raised $32 million at a $265 million valuation from Septodont and Michael Gregg on June 11, 2026. Light-based dental pain relief device developer. Dentroid is based in Canberra, Australia. Website: www.dentroid.com</p><p><strong>Endurance Energy</strong> raised $54 million from Founders Fund on June 11, 2026. Undersea geothermal energy project developer. Endurance Energy is based in Seattle, WA, United States. Website: www.enduranceenergy.com</p><p><strong>Manam Chocolate</strong> raised $9 million from Omnivore on June 11, 2026. Chocolate bars and bonbons producer. Manam Chocolate is based in Hyderabad, India. Website: www.manamchocolate.com</p><p><strong>Mendo</strong> raised $13.8 million from Ventech and Educapital on June 11, 2026. Employee training add-in for skill development and learning. Mendo is based in Paris, France. Website: www.mendo.cloud</p><p><strong>NS/TX Industries</strong> raised $10.5 million from Inter IKEA Development BV and Lever VC on June 11, 2026. Plant-based seafood mimicking traditional seafood&#8217;s texture and flavor. NS/TX Industries is based in Toronto, Canada. Website: www.newschoolfoods.co</p><p><strong>Neion Bio</strong> raised $23 million from Caffeinated Capital on June 11, 2026. Biologic medicines developed through biomanufacturing using eggs. The CEO is Demetrios Kellari. Neion Bio is based in New York, NY, United States. Website: www.neionbio.com</p><p><strong>Theker</strong> raised $85 million from CRV on June 11, 2026. Intelligent general-purpose robots for waste management and logistics. Theker is based in Barcelona, Spain. Website: www.theker.eu</p><p><strong>Turnout</strong> raised $35 million at a $400 million valuation from HighPost Capital on June 11, 2026. Modern consumer advocacy platform. The CEO is Itai Hirsch. Turnout is based in Del Mar, CA, United States. Website: www.turnout.co<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Theker ($85M from CRV): </strong>Theker builds general-purpose robots that pick, sort, and move material in waste facilities and logistics yards&#8212;the kind of dirty, variable environment where traditional automation breaks. The interesting bit is the &#8220;general-purpose&#8221; claim: one robot platform that can be re-tasked across lines and sites is a much easier sell to operators than single-task machines that get stranded when workflows change. With labor shortages, safety requirements, and tighter recycling rules pushing plants to modernize, robots that can handle mixed streams and inconsistent objects have a clear tailwind. CRV leading an $85M Series A suggests Theker is graduating from pilots into scaled deployments and manufacturing.</p><p><strong>Poetic ($50M from Kleiner Perkins): </strong>Poetic is a plain-English automation tool that drives web tasks directly&#8212;logging into sites, clicking through flows, and completing work&#8212;without requiring APIs or prebuilt integrations. That makes it immediately useful for the long tail of internal processes that live in vendor portals and legacy web apps where &#8220;just use Zapier&#8221; doesn&#8217;t apply. If it&#8217;s reliable, it turns every web UI into an automatable surface area, which is why teams in ops, finance, and support tend to spread it organically once a few workflows stick. Kleiner Perkins led a $50M Series A at a $500M valuation, a sign Poetic is hitting real adoption rather than being a demo-friendly agent.</p><p><strong>NewOrbit ($18.5M from Voyager Ventures): </strong>NewOrbit manufactures satellites designed to operate in ultra-low Earth orbit, where you can get sharper imagery and lower-latency links but you also fight atmospheric drag and faster hardware turnover. The appeal is practical: if NewOrbit can build buses that survive and are cheap to refresh, it fits the new cadence of imaging and telecom constellations that want frequent upgrades instead of decade-long missions. Ultra-low orbit is also becoming more workable as propulsion, materials, and mission ops tooling improve, opening a window for purpose-built manufacturers rather than bespoke aerospace shops. Voyager Ventures leading an $18.5M Series A suggests NewOrbit has moved beyond concept into a repeatable build pipeline and early mission demand.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of May 31, 2026]]></title><description><![CDATA[There were 29 Series As in the last week that raised a total of $887.4 million. The average deal size was $30.6 million while the median was $20.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-may-31</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-may-31</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 08 Jun 2026 10:40:26 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!qvAj!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faaae1fad-107e-40d8-9b87-c4711fcf6eb1_1754x530.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!qvAj!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faaae1fad-107e-40d8-9b87-c4711fcf6eb1_1754x530.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!qvAj!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faaae1fad-107e-40d8-9b87-c4711fcf6eb1_1754x530.png 424w, /__u/substackcdn.com/image/fetch/$s_!qvAj!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faaae1fad-107e-40d8-9b87-c4711fcf6eb1_1754x530.png 424w, /__u/substackcdn.com/image/fetch/$s_!qvAj!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faaae1fad-107e-40d8-9b87-c4711fcf6eb1_1754x530.png 848w, /__u/substackcdn.com/image/fetch/$s_!qvAj!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faaae1fad-107e-40d8-9b87-c4711fcf6eb1_1754x530.png 1272w, /__u/substackcdn.com/image/fetch/$s_!qvAj!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Faaae1fad-107e-40d8-9b87-c4711fcf6eb1_1754x530.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Gradient Labs</strong> raised $13 million from Octopus Ventures and CommerzVentures on June 1, 2026. Autonomous AI agents for automating financial customer support. The CEO is Dimitri Masin. Gradient Labs is based in London, United Kingdom. Website: www.gradient-labs.ai</p><p><strong>Mecka AI</strong> raised $35 million from Framework Ventures on June 1, 2026. Human motion data platform for training embodied AI models. Mecka AI is based in New York, NY, United States. Website: www.mecka.ai</p><p><strong>Sekai</strong> raised $20 million from Khosla Ventures and Connect Ventures on June 1, 2026. AI-powered platform for creating immersive, interactive stories. Sekai is based in Sunnyvale, CA, United States. Website: www.joinsek.ai</p><p><strong>Adaptive Innovations</strong> raised $50 million from Felicis and Bain Capital Ventures on June 2, 2026. AI-native home healthcare operations platform. Adaptive Innovations is based in New York, NY, United States. Website: www.adaptive.co</p><p><strong>Alitheon</strong> raised $8 million from Emerald Technology Ventures on June 2, 2026. Machine vision software for authenticating and tracing goods. The CEO is Roei Ganzarski. Alitheon is based in Bellevue, WA, United States. Website: www.alitheon.com</p><p><strong>Board</strong> raised $20 million from Union Square Ventures on June 2, 2026. Tabletop gaming console blending board and video game experiences. Board is based in New York, NY, United States. Website: www.board.fun</p><p><strong>Endra</strong> raised $50 million from Andreessen Horowitz on June 2, 2026. AI-powered platform for automating MEP system design and documentation. The CEO is Niklas Lindgren. Endra is based in &#214;stermalm, Sweden. Website: www.endra.ai</p><p><strong>IMU Biosciences</strong> raised $38.3 million from IQ Capital and Molten Ventures on June 2, 2026. Discovery engine mapping the immune system for precision medicine. The CEO is John Baker. IMU Biosciences is based in London, United Kingdom. Website: www.imubiosciences.com</p><p><strong>Ilant Health</strong> raised $15 million from Cornucopian Capital on June 2, 2026. Obesity treatment and weight management services. The CEO is Elina Onitskansky. Ilant Health is based in New York, NY, United States. Website: www.ilanthealth.com</p><p><strong>Layup Parts</strong> raised $42 million from Marlinspike on June 2, 2026. Composite parts manufacturer with fast shipping and tooling solutions. The CEO is Zack Eakin. Layup Parts is based in Huntington Beach, CA, United States. Website: www.layupparts.com</p><p><strong>Mindverse</strong> raised $50 million from Meituan on June 2, 2026. Developer of agent-native AI models and operator of Macaron, a consumer life-agent app with about 2 million users. Mindverse is based in Singapore. Website: www.mindverse.ai</p><p><strong>Novellia</strong> raised $18 million from Spark Capital on June 2, 2026. AI-powered personal health records management platform. The CEO is Shashi Shankar. Novellia is based in New York, NY, United States. Website: www.novellia.com</p><p><strong>Oolka</strong> raised $14 million at a $76.8 million valuation from Accel on June 2, 2026. Credit-building website connecting lenders and borrowers. The CEO is Utkrishta Kumar (UK). Oolka is based in Bangalore, India. Website: www.oolka.in</p><p><strong>Arpio</strong> raised $15 million from S3 Ventures and Paladin Capital Group on June 3, 2026. Downtime protection and recovery for AWS applications. The CEO is Doug Neumann. Arpio is based in Durham, NC, United States. Website: www.arpio.io</p><p><strong>FLOQ</strong> raised $11 million on June 3, 2026. Cryptocurrency investment platform for buying and trading digital assets. The CEO is Yudhono Rawis. FLOQ is based in Jakarta, Indonesia. Website: www.floq.co.id</p><p><strong>Flok Health</strong> raised $12.5 million from Albion VC on June 3, 2026. AI-operated digital physiotherapy platform delivering MSK care pathways. Flok Health is based in Cambridge, United Kingdom. Website: www.flok.health</p><p><strong>Freshflow</strong> raised $10 million from Reimann Investors on June 3, 2026. AI-driven technology for food supply chain and reducing waste. Freshflow is based in Berlin, Germany. Website: www.freshflow.ai</p><p><strong>GigFinesse</strong> raised $15 million from Bessemer Venture Partners, NJME Investments, NYU Innovation Venture Fund, Cosmic Venture Partners, and the co-founders of Resy and Zola on June 3, 2026. Platform connecting artists and venues for streamlined booking. The CEO is Mir Hwang. GigFinesse is based in New York, NY, United States. Website: www.gigfinesse.com</p><p><strong>Gigaton</strong> raised $26 million from Plural on June 3, 2026. AI-driven industrial control platform for plant optimization. Gigaton is based in London, United Kingdom. Website: www.gigaton.co</p><p><strong>Lassie</strong> raised $35 million at a $250 million valuation from Andreessen Horowitz on June 3, 2026. Autonomous software agents for administrative workflow automation. Lassie is based in San Francisco, CA, United States. Website: www.lassie.ai</p><p><strong>Quobly</strong> raised $133.6 million from Bpifrance, SEALSQ and STMicroelectronics on June 3, 2026. Universal large-scale quantum computer using semiconductor processes. Quobly is based in Grenoble, France. Website: www.quobly.io</p><p><strong>Terra AI</strong> raised $20 million from Khosla Ventures on June 3, 2026. AI platform optimizing natural resource projects for efficiency and cost. The CEO is John Mern, PhD. Terra AI is based in Palo Alto, CA, United States. Website: www.terraai.com</p><p><strong>Uncover</strong> raised $16 million from Cloud9 Capital on June 3, 2026. SaaS platform streamlining media and harnessing marketing data. Uncover is based in S&#227;o Paulo, Brazil. Website: www.uncover.co</p><p><strong>Aippy</strong> raised $20 million at a $250 million valuation from Glowill Capital on June 4, 2026. AI game creation and remix community. Aippy is based in Singapore. Website: www.aippy.ai</p><p><strong>Airspeed</strong> raised $20 million from DN Capital on June 4, 2026. AI execution layer for revenue teams. The CEO is Adam Liska. Airspeed is based in London, United Kingdom. Website: www.goairspeed.com</p><p><strong>Collate</strong> raised $95 million at a $1 billion valuation from Redpoint Ventures on June 4, 2026. AI documentation platform for life sciences companies. The CEO is Surbhi Sarna. Collate is based in San Francisco, CA, United States. Website: www.collate.com</p><p><strong>Scotch</strong> raised $20 million from VMG Partners on June 4, 2026. Smart inventory software for liquor retailers. The CEO is Jake Bolling. Scotch is based in Denver, CO, United States. Website: www.scotchpos.com</p><p><strong>Town</strong> raised $55 million from Andreessen Horowitz on June 4, 2026. Personal AI that acts on your behalf across work apps. The CEO is Jean-Denis Greze. Town is based in San Francisco, CA, United States. Website: www.town.com</p><p><strong>TrueFan AI</strong> raised $10 million at a $40 million valuation from Baring Private Equity Partners India and Z3 Partners on June 4, 2026. AI video platform for enterprise marketing at scale. TrueFan AI is based in Gurgaon, India. Website: www.truefan.ai<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Quobly ($133.6M from Bpifrance, SEALSQ and STMicroelectronics): </strong>Quobly is building a universal, large-scale quantum computer by using standard semiconductor manufacturing methods instead of bespoke lab-style hardware. If it works, that choice could make scaling less about artisanal physics and more about repeatable process control, yield, and packaging&#8212;things the chip industry already knows how to do. The company&#8217;s momentum is tightly tied to its industrial alignment: backing from Bpifrance plus participation from STMicroelectronics and SEALSQ suggests a path that&#8217;s designed to be fabricated, tested, and iterated like real silicon. A $133.6M Series A at this stage underscores how capital-intensive the roadmap is, but also how serious Quobly is about moving from prototypes to manufacturable systems.</p><p><strong>Mindverse ($50M from Meituan): </strong>Mindverse develops agent-native AI models and runs Macaron, a consumer &#8220;life-agent&#8221; app that already has about 2 million users. That user base gives them something most agent startups don&#8217;t have: real-world feedback loops on what people actually delegate, where agents break, and what drives retention. The interesting angle is the vertical integration&#8212;models plus a high-usage consumer surface&#8212;so improvements can ship quickly into a product instead of waiting for enterprise procurement cycles. Meituan leading a $50M Series A is notable because it&#8217;s an operator with deep consumer services DNA, which could accelerate distribution and practical agent behaviors around everyday tasks.</p><p><strong>Endra ($50M from Andreessen Horowitz): </strong>Endra automates MEP (mechanical, electrical, plumbing) system design and documentation&#8212;work that&#8217;s notoriously repetitive, coordination-heavy, and a major source of construction change orders. By turning drawings, schedules, and compliance docs into an AI-assisted pipeline, it targets a painful bottleneck where even small efficiency gains translate into faster permitting and fewer field mistakes. The timing is good: design teams are under pressure to deliver more projects with the same headcount, and MEP complexity is rising with electrification and tighter energy codes. Andreessen Horowitz leading a $50M Series A puts a spotlight on AEC automation as a serious software wedge, not just another &#8220;AI for productivity&#8221; tool.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series B activity: May 2026]]></title><description><![CDATA[There were 61 Series Bs in the last month that raised a total of $6.6 billion. The average deal size was $108.6 million while the median was $50.0 million.]]></description><link>https://postround.substack.com/p/series-b-activity-may-2026</link><guid isPermaLink="false">https://postround.substack.com/p/series-b-activity-may-2026</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Tue, 02 Jun 2026 12:10:53 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!7h3U!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series B deals done worldwide (ex-China) where amount raised is greater than $15M and the company is not focused on therapeutics.</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!7h3U!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!7h3U!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png 424w, /__u/substackcdn.com/image/fetch/$s_!7h3U!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png 848w, /__u/substackcdn.com/image/fetch/$s_!7h3U!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png 1272w, /__u/substackcdn.com/image/fetch/$s_!7h3U!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!7h3U!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png" width="1456" height="439" 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png 424w, /__u/substackcdn.com/image/fetch/$s_!7h3U!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png 848w, /__u/substackcdn.com/image/fetch/$s_!7h3U!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png 1272w, /__u/substackcdn.com/image/fetch/$s_!7h3U!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F766c2c90-bb4b-424a-a819-ab1371fabacd_1756x530.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series B Deals</strong></h2><p><strong>Terra CO2 Technologies</strong> raised $22 million on May 2, 2026. Low-carbon alternatives for cement replacement and supplementary materials. The CEO is Bill Yearsley. Terra CO2 Technologies is based in Golden, CO, United States. Website: www.terraco2.com</p><p><strong>Anello Photonics</strong> raised $25 million from MESH on May 4, 2026. Silicon photonic optical gyroscope for autonomous navigation and tracking. The CEO is Mario Paniccia. Anello Photonics is based in Santa Clara, CA, United States. Website: www.anellophotonics.com</p><p><strong>Panthalassa</strong> raised $140 million at a $1 billion valuation from Peter Thiel on May 4, 2026. Renewable energy and ocean technology company harnessing ocean energy. Panthalassa is based in Portland, OR, United States. Website: www.panthalassa.com</p><p><strong>Deep Infra</strong> raised $107 million from 500 Global and Georges Harik on May 5, 2026. Cost-effective machine-learning models and serverless inference solutions. The CEO is Nikola Borisov. Deep Infra is based in Palo Alto, CA, United States. Website: www.deepinfra.com</p><p><strong>Enter</strong> raised $100 million at a $1.2 billion valuation from Founders Fund on May 5, 2026. Integrated platform enhancing efficiency in the legal sector with AI. The CEO is Mateus Costa-Ribeiro. Enter is based in S&#227;o Paulo, Brazil. Website: www.getenter.ai</p><p><strong>Moment Energy</strong> raised $40 million from Evok Innovations on May 5, 2026. BESS solutions repurposing EV batteries for energy storage systems. The CEO is Edward Chiang. Moment Energy is based in Coquitlam, Canada. Website: www.momentenergy.com</p><p><strong>QuantWare</strong> raised $177.8 million from Intel Capital, IQT and ETF Partners on May 5, 2026. Leading provider of quantum hardware and scaling technology. The CEO is Matthijs Rijlaarsdam. QuantWare is based in Delft, The Netherlands. Website: www.quantware.com</p><p><strong>Smartness</strong> raised $55 million from United Ventures and CDP Venture Capital on May 5, 2026. Multi-product platform for intelligent pricing and property management. Smartness is based in Rovereto, Italy. Website: www.smartness.com/en</p><p><strong>Corgi</strong> raised $266 million from TCV on May 6 and May 28, 2026. Startup-focused insurance carrier offering instant quotes and online coverage. The CEO is Nico Laqua. Corgi is based in San Francisco, CA, United States. Website: www.corgi.insure</p><p><strong>Pronto</strong> raised $20 million at a $200 million valuation from solo investor Lachy Groom on May 6, 2026. On-demand cleaning, laundry, and home services within 10 minutes. The CEO is Anjali Sardana. Pronto is based in Mumbai, India. Website: www.withpronto.com</p><p><strong>Vori</strong> raised $22 million from Cherryrock Capital on May 6, 2026. Modern B2B operating system for the grocery industry. The CEO is Brandon Hill. Vori is based in East Palo Alto, CA, United States. Website: www.vori.com</p><p><strong>Darkhive</strong> raised $30 million from RTX ventures on May 7, 2026. Situational awareness system for military and law enforcement professionals. The CEO is John Goodson. Darkhive is based in San Antonio, TX, United States. Website: www.darkhive.ai</p><p><strong>Lunar Outpost</strong> raised $30 million from Industrious Ventures on May 7, 2026. Innovative technology for sustainable human presence in space. The CEO is Justin Cyrus. Lunar Outpost is based in Golden, CO, United States. Website: www.lunaroutpost.com</p><p><strong>Cowboy Space</strong> raised $275 million at a $2 billion valuation from Index Ventures on May 11, 2026. Orbital AI compute infrastructure using solar-powered data centers. The CEO is Baiju Bhatt. Cowboy Space is based in San Carlos, CA, United States. Website: www.cowboyspace.com</p><p><strong>Grand Games</strong> raised $70 million from Balderton&#8217;s Growth Fund on May 11, 2026. Mobile gaming company creating genre-defining games. The CEO is Bekir Batuhan &#199;elebi. Grand Games is based in Besiktas, Turkey. Website: www.grand.gs</p><p><strong>Isomorphic Labs</strong> raised $2.1 billion from Thrive Capital on May 11, 2026. AI-driven drug discovery and biological data analysis platform. The CEO is Demis Hassabis. Isomorphic Labs is based in London, United Kingdom. Website: www.isomorphiclabs.com</p><p><strong>Embat</strong> raised $35.2 million at a $75.9 million valuation from Cathay Innovation on May 12, 2026. Cloud-based financial platform democratizing access to financial data. Embat is based in Madrid, Spain. Website: www.embat.io</p><p><strong>Exaforce</strong> raised $125 million at a $725 million valuation from HarbourVest, Peak XV, Mayfield, Khosla Ventures, Seligman Ventures, and AICONIC on May 12, 2026. Agentic SOC platform with AI agents for threat detection and response. The CEO is Ankur Singla. Exaforce is based in San Jose, CA, United States. Website: www.exaforce.com</p><p><strong>Gaiia</strong> raised $40 million from JMI Equity on May 12, 2026. Operating system for Telcos focusing on billing and operations. The CEO is Marc-Andr&#233; Campagna. Gaiia is based in Quebec, Canada. Website: www.gaiia.com</p><p><strong>Konvy.com</strong> raised $22 million from Cool Japan Fund on May 12, 2026. Beauty e-commerce platform offering cosmetics and skincare products. The CEO is QingGui Huang. Konvy.com is based in Watthana, Thailand. Website: www.konvy.com</p><p><strong>Monaco</strong> raised $50 million from Benchmark on May 12, 2026. Unified system for market data and demand generation automation. The CEO is Sam Blond. Monaco is based in San Francisco, CA, United States. Website: www.monaco.com</p><p><strong>Vapi</strong> raised $50 million at a $500 million valuation from Peak XV Partners on May 12, 2026. API integration platform for application and service management. The CEO is John Dearsley. Vapi is based in San Francisco, CA, United States. Website: www.vapi.ai</p><p><strong>9amHealth</strong> raised $26 million from Define Ventures on May 13, 2026. Complete cardiometabolic care for diabetes and chronic conditions. The CEO is Anton Kittelberger. 9amHealth is based in Encinitas, CA, United States. Website: www.9am.health</p><p><strong>Cinder</strong> raised $41 million from Radical Ventures on May 13, 2026. Digital safety platform for moderation, abuse mitigation, and AI trust. The CEO is Glen Wise. Cinder is based in New York, NY, United States. Website: www.cinder.ai</p><p><strong>Forus</strong> raised $160 million on May 13, 2026. Forus is an AI-powered network connecting doctors, pharmacies, payers, and biopharma to automate patient treatment access workflows. Forus is based in New York, NY, United States. Website: www.finsmes.com</p><p><strong>Fractile</strong> raised $220 million from Accel, Factorial Funds, and Founders Fund on May 13, 2026. Chips for faster inference of large language models. The CEO is Walter Goodwin. Fractile is based in London, United Kingdom. Website: www.fractile.ai</p><p><strong>LemFi</strong> raised $35.1 million from Highland Europe on May 13, 2026. Personal and business banking with international payment solutions. The CEO is Olalere Ridwan. LemFi is based in Toronto, Canada. Website: www.lemfi.com</p><p><strong>Fasset</strong> raised $51 million from participating investors on May 14, 2026. Stablecoin neobank for cross-border banking and investment. The CEO is Mohammad Raafi Hossain. Fasset is based in Dubai, United Arab Emirates. Website: www.fasset.com</p><p><strong>Iceotope</strong> raised $26 million from Two Seas Capital and Barclays Climate Ventures on May 14, 2026. Liquid-cooling technology for HPC and data center applications. The CEO is Simon Jesenko. Iceotope is based in Sheffield, United Kingdom. Website: www.iceotope.com</p><p><strong>NVision Imaging Technologies</strong> raised $55 million from Playground Global, Matterwave Ventures, Entr&#233;e Capital and a $17 million venture loan from the European Investment Bank on May 14, 2026. Imaging platform using polarized metabolites for advanced cancer diagnosis. NVision Imaging Technologies is based in Ulm, Germany. Website: www.nvision-imaging.com</p><p><strong>equipifi</strong> raised $34 million from Left Lane Capital on May 14, 2026. Fintech SaaS providing Buy Now, Pay Later solutions for banks. The CEO is Bryce Deeney. equipifi is based in Scottsdale, AZ, United States. Website: www.equipifi.com</p><p><strong>WIRobotics</strong> raised $63.6 million from JB Investment on May 15, 2026. Wearable robot reducing physical demands for safe active motion. The CEO is Younbaek Lee. WIRobotics is based in Yongin, South Korea. Website: www.wirobotics.com</p><p><strong>Xpanner</strong> raised $18 million from Korea Investment Partners on May 15, 2026. Digital construction technology site solution improving productivity and sa. The CEO is Henri Myounghan Lee. Xpanner is based in Seoul, South Korea. Website: www.xpanner.com</p><p><strong>movus technologies</strong> raised $104.5 million from Mizuho Bank, Sumitomo Mitsui Banking Corporation, Resona Bank, Shoko Chukin Bank, and Hokuriku Bank on May 15, 2026. Car ownership rental services for vehicles. movus technologies is based in Jakarta, Indonesia. Website: www.mo-vus.com</p><p><strong>Decart</strong> raised $300 million at a $4 billion valuation from Radical Ventures on May 18, 2026. AI models transforming live footage into immersive digital environments. The CEO is Dean Leitersdorf. Decart is based in San Francisco, CA, United States. Website: www.decart.ai</p><p><strong>Dust</strong> raised $40 million from Abstract and Sequoia on May 18, 2026. AI platform for building customized virtual assistants for businesses. Dust is based in Paris, France. Website: www.dust.tt</p><p><strong>Armada</strong> raised $230 million at a $2 billion valuation from Overmatch, BlackRock and 8090 Industries on May 19, 2026. Edge platform combining connectivity, compute, and AI for remote operations. The CEO is Dan Wright. Armada is based in San Francisco, CA, United States. Website: www.armada.ai</p><p><strong>Brami</strong> raised $33 million from VMG Partners on May 19, 2026. Producer and retailer of plant-based Mediterranean-inspired snacks. Brami is based in New York, NY, United States. Website: www.bramisnacks.com</p><p><strong>Lexroom.ai</strong> raised $50 million from Left Lane Capital on May 19, 2026. AI-powered legal research tool for lawyers. The CEO is Paolo Fois. Lexroom.ai is based in Milan, Italy. Website: www.lexroom.ai</p><p><strong>Radar</strong> raised $170 million at a $1 billion valuation from Gideon Strategic Partners and Nimble Partners on May 19, 2026. RFID and computer vision platform for automated inventory management. The CEO is Spencer Hewett. Radar is based in New York, NY, United States. Website: www.goradar.com</p><p><strong>Unframe</strong> raised $50 million from Highland Europe on May 19, 2026. Platform for building custom AI solutions at scale. The CEO is Shay Levi. Unframe is based in Cupertino, CA, United States. Website: www.unframe.ai</p><p><strong>bunch</strong> raised $35 million from Portage on May 19, 2026. Operating system for private market investing and portfolio management. bunch is based in Berlin, Germany. Website: www.bunch.capital</p><p><strong>Amca</strong> raised $300 million at a $1 billion valuation from Caffeinated Capital on May 20, 2026. Aerospace and defense product development and rapid prototyping. The CEO is Jai Malik. Amca is based in El Segundo, CA, United States. Website: www.amca.com</p><p><strong>RemotePass</strong> raised $17.4 million from EBRD Venture Capital on May 20, 2026. Comprehensive platform for managing and paying remote contractors globally. The CEO is Kamal Reggad. RemotePass is based in Boston, MA, United States. Website: www.remotepass.com</p><p><strong>Pivot</strong> raised $40 million from Forestay Capital and Notion Capital on May 21, 2026. Modern Source-to-Pay tool for spend control and vendor risk management. Pivot is based in Paris, France. Website: www.pivotapp.ai</p><p><strong>August Robotics</strong> raised $30 million from Big Pi Ventures on May 22, 2026. B2B robotics automating dirty, dangerous, and dull workflows. The CEO is Alex Wyatt. August Robotics is based in Sha Tin, Hong Kong. Website: www.augustrobotics.com</p><p><strong>Handle</strong> raised $27 million from Marbruck on May 23, 2026. End-to-end credit and finance solution for construction industry. The CEO is Patrick Hogan. Handle is based in San Francisco, CA, United States. Website: www.handle.com</p><p><strong>Above Security</strong> raised $50 million on May 25, 2026. Insider threat detection and communications monitoring services. Above Security is based in Tel Aviv, Israel. Website: www.abovesec.com</p><p><strong>JPYC</strong> raised $31.4 million from Life Design Fund, IHD STRATEGY FUND, Awagin Future Creation Investment Limited Partnership, and Meiji Yasuda Future Co-Creation Investment Limited Partnership on May 26, 2026. Community stablecoin pegged to the Japanese yen for capital liquidity. JPYC is based in Tokyo, Japan. Website: www.jpyc.jp</p><p><strong>OpenRouter</strong> raised $113 million at a $1.3 billion valuation from CapitalG on May 26, 2026. Platform connecting AI applications with language models and cloud hosting. The CEO is Alex Atallah. OpenRouter is based in New York, NY, United States. Website: www.openrouter.ai</p><p><strong>Phytolon</strong> raised $23.6 million from an undisclosed strategic investor on May 26, 2026. Sustainable production of high-quality, healthy food colors. The CEO is Halim Jubran. Phytolon is based in Yoqne`am `illit, Israel. Website: www.phytolon.com</p><p><strong>Stride</strong> raised $15 million from Lightrock and TRIREC through the Accelerate7 platform on May 26, 2026. Affordable solar energy and battery solutions for sustainability. Stride is based in Ho Chi Minh City, Vietnam. Website: www.stride.vn/en</p><p><strong>The Black Label</strong> raised $79.7 million at a $661.2 million valuation from Krafton and Tencent Music on May 26, 2026. K-pop label and entertainment production studio. The Black Label is based in Seoul, South Korea. Website: www.theblacklabel.com</p><p><strong>Motif Technologies</strong> raised $16 million from existing investors NICE Investment Partners and Nautilus Investment on May 27, 2026. Proprietary AI foundation models and enterprise AX solutions. Motif Technologies is based in Seoul, South Korea. Website: www.motiftech.io</p><p><strong>Thea Energy</strong> raised $100 million from US Innovative Technology Fund on May 27, 2026. Economical and scalable fusion energy system for zero-emission power. The CEO is Brian Berzin. Thea Energy is based in Kearny, NJ, United States. Website: www.thea.energy</p><p><strong>Triomics</strong> raised $22 million from Battery Ventures on May 27, 2026. Generative AI platform matching patients to clinical trials in oncology. Triomics is based in San Francisco, CA, United States. Website: www.triomics.com</p><p><strong>Airis Labs</strong> raised $31 million from PSG Equity on May 28, 2026. AI platform converting visual data into structured intelligence. Airis Labs is based in Washington, DC, United States. Website: www.airis-labs.com</p><p><strong>CorPower Ocean</strong> raised $61.6 million from the European Innovation Council&#8217;s EIC Fund, Algebris Investments, Acario, Tokyo Gas&#8217;s corporate venture arm, and GTT Strategic Ventures on May 28, 2026. High efficiency wave energy converters for renewable energy applications. The CEO is Patrik M&#246;ller. CorPower Ocean is based in Stockholm, Sweden. Website: www.corpowerocean.com</p><p><strong>Orbital Industries</strong> raised $50 million from Plural on May 28, 2026. Sustainable technologies for carbon capture and environmental protection. Orbital Industries is based in London, United Kingdom. Website: www.orbitalmaterials.com</p><p><strong>Pace</strong> raised $46 million from Thrive Capital and Sequoia Capital on May 28, 2026. AI bots automating business operations and processes. Pace is based in New York, NY, United States. Website: www.withpace.com</p><p><strong>XCENA(formerly MetisX)</strong> raised $135 million at a $570 million valuation from Altinum and IMM Investment on May 29, 2026. Intelligent memory and memory-centric computing architectures. XCENA(formerly MetisX) is based in Seongnam, South Korea. Website: www.xcena.com</p><h2><strong>Three Most Interesting Deals</strong></h2><p><strong>Decart ($300M from Radical Ventures): </strong>Decart turns live video into interactive, immersive digital environments using AI models that can reinterpret footage on the fly. That puts it squarely in the path of two fast-moving tailwinds: real-time generative media and the demand for &#8220;game-engine-like&#8221; experiences without bespoke 3D production. What&#8217;s notable is the product direction&#8212;live transformation rather than offline VFX&#8212;which opens doors in entertainment, advertising, and creator tools where latency and controllability matter. The $300M Series B at a $4.0B valuation, led by Radical Ventures, suggests the company is scaling beyond demos toward a platform developers can actually build on.</p><p><strong>Thea Energy ($100M from US Innovative Technology Fund): </strong>Thea Energy is developing a fusion power system designed to be cheaper to build and easier to scale, aiming for zero-emission electricity without the intermittency of renewables. Fusion funding is shifting from &#8220;physics experiments&#8221; to &#8220;power-plant engineering,&#8221; and Thea&#8217;s pitch sits on that boundary: practical hardware choices, manufacturability, and a path to repeatable deployment. Located in the New Jersey industrial corridor, it&#8217;s positioned to recruit fusion and high-end manufacturing talent and to prototype with real supply-chain proximity. The company&#8217;s $100M Series B led by the US Innovative Technology Fund gives it meaningful capital to push from concept to integrated subsystem milestones&#8212;where fusion companies start to separate from the pack.</p><p><strong>Isomorphic Labs ($2.1B from Thrive Capital): </strong>Isomorphic Labs is building IsoDDE, a unified AI stack to design drugs across therapeutic areas and modalities&#8212;from structure prediction through candidate selection&#8212;rooted in DeepMind&#8217;s AlphaFold work but aimed at full discovery workflows, not benchmark wins alone. Momentum shows up in named pharma partnerships (Novartis, Lilly, Johnson &amp; Johnson), a mix of partnered and wholly owned programs, and the company&#8217;s push to move internal assets toward the clinic. With teams in London, Cambridge, MA, and Lausanne, it is scaling hiring across AI, engineering, medicinal chemistry, and clinical after the round. Thrive Capital led the $2.1B Series B, with Alphabet, GV, Temasek, CapitalG, MGX, and the UK Sovereign AI Fund in the syndicate&#8212;unusual depth of capital for a company founded in 2021.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of May 24, 2026]]></title><description><![CDATA[There were 27 Series As in the last week that raised a total of $1.8 billion. The average deal size was $65.6 million while the median was $16.7 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-may-24</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-may-24</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 01 Jun 2026 14:55:06 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!tJjU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!tJjU!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!tJjU!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png 424w, /__u/substackcdn.com/image/fetch/$s_!tJjU!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png 848w, /__u/substackcdn.com/image/fetch/$s_!tJjU!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png 1272w, /__u/substackcdn.com/image/fetch/$s_!tJjU!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png 1456w" sizes="100vw"><img 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png 424w, /__u/substackcdn.com/image/fetch/$s_!tJjU!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png 848w, /__u/substackcdn.com/image/fetch/$s_!tJjU!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png 1272w, /__u/substackcdn.com/image/fetch/$s_!tJjU!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6a1c11a8-92d3-440d-9b37-a0e24427c558_1758x532.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Fairdeal</strong> raised $14.9 million from Bertelsmann India Investments on May 26, 2026. All-in-one retail solution for offline commerce. Fairdeal is based in Gurgaon, India. Website: www.fairdeal.market</p><p><strong>KURU Footwear</strong> raised $11.6 million on May 26, 2026. DTC footwear brand focused on eliminating foot pain. KURU Footwear is based in Salt Lake City, UT, United States. Website: www.kurufootwear.com</p><p><strong>Lucis</strong> raised $20 million from Singular on May 26, 2026. Health technology platform for biological age measurement and insights. The CEO is Maxime Berthelot. Lucis is based in Artannes-sur-indre, France. Website: www.lucis.life</p><p><strong>Quanscient</strong> raised $11.6 million from 55 North and B&amp;C Group on May 26, 2026. Multiphysics simulation software utilizing quantum computing algorithms. The CEO is Juha Riippi. Quanscient is based in Tampere, Finland. Website: www.quanscient.com</p><p><strong>Retro Biosciences</strong> raised $1 billion from Sam Altman on May 26, 2026. Biotechnology company focused on aging and lifespan extension. The CEO is Joe Betts-Lacroix. Retro Biosciences is based in Redwood City, CA, United States. Website: www.retro.bio</p><p><strong>D-CRBN</strong> raised $20.4 million from Astaia on May 27, 2026. Climate tech transforming carbon into sustainable raw resources. D-CRBN is based in Antwerp, Belgium. Website: www.d-crbn.com</p><p><strong>Focused Energy</strong> raised $240 million from RWE, the Federal Agency for Breakthrough Innovation SPRIND, the European Innovation Council Fund, and Prime Movers Lab on May 27, 2026. Laser fusion startup developing clean alternative energy. The CEO is Thomas Forner. Focused Energy is based in Austin, TX, United States. Website: www.focused-energy.world</p><p><strong>Lastwall</strong> raised $16 million from BDC Capital&#8217;s StrongNorth Fund on May 27, 2026. Passwordless authentication and cybersecurity platform. The CEO is Karl H.. Lastwall is based in Mountain View, CA, United States. Website: www.lastwall.com</p><p><strong>LightTable</strong> raised $22 million from Innovation Endeavors on May 27, 2026. Software company designing documents for architects and construction. LightTable is based in Denver, CO, United States. Website: www.lighttable.ai</p><p><strong>Olyzon</strong> raised $10 million from S4S Ventures on May 27, 2026. Adtech solutions for Connected TV enhancing brand uplift and engagement. Olyzon is based in New York, NY, United States. Website: www.olyzon.tv</p><p><strong>Pacifico Biolabs</strong> raised $8.2 million on May 27, 2026. Fermentation biotechnology for sustainable food alternatives. Pacifico Biolabs is based in Berlin, Germany. Website: www.pacificobiolabs.com</p><p><strong>PlayerData</strong> raised $12 million on May 27, 2026. Wearable technology platform transforming athlete training and data access. The CEO is Roy Hotrabhvanon. PlayerData is based in Edinburgh, United Kingdom. Website: www.playerdata.com</p><p><strong>RevEng.AI</strong> raised $15 million from NATO Innovation Fund on May 27, 2026. Cybersecurity AI for analyzing closed-source binaries and supply chain. RevEng.AI is based in London, United Kingdom. Website: www.reveng.ai</p><p><strong>Tiea Connectors</strong> raised $8 million from IvyCap Ventures on May 27, 2026. Specialized connectors for low and high voltage applications. Tiea Connectors is based in Dharwad, India. Website: www.tieaconnectors.com</p><p><strong>allO</strong> raised $14 million from Zigg Capital on May 27, 2026. Digital technology solutions for local restaurants to compete effectively. The CEO is Cancan Liu. allO is based in Munich, Germany. Website: www.allo.restaurant</p><p><strong>C2i Semiconductors</strong> raised $16.7 million from TDK Ventures and earlier investors on May 28, 2026. Fabless semiconductor company designing power management integrated circuit. The CEO is Ram Anant. C2i Semiconductors is based in Bangalore, India. Website: www.c2isemi.com</p><p><strong>Gray Swan</strong> raised $40 million from Wing Venture Capital and Madrona on May 28, 2026. AI cybersecurity platform for model safety and red-teaming. The CEO is Matt Fredrikson. Gray Swan is based in Pittsburgh, PA, United States. Website: www.grayswan.ai</p><p><strong>OurSky</strong> raised $90 million from Lux Capital and co-led by Upfront Ventures, Detroit Venture Partners, Island Green Capital, and RTX Ventures on May 28, 2026. Developer platform for space applications and observational data. The CEO is Dan Roelker. OurSky is based in Santa Monica, CA, United States. Website: www.oursky.ai</p><p><strong>Saris</strong> raised $28.8 million from 8VC on May 28, 2026. AI negotiation agents for finance and enterprises. The CEO is Danial Jameel. Saris is based in San Francisco, CA, United States. Website: www.saris.ai</p><p><strong>Solstice Health</strong> raised $21 million from Transformation Capital on May 28, 2026. AI life sciences marketing platform for oncology data retrieval. Solstice Health is based in New York, NY, United States. Website: www.solsticehealth.co</p><p><strong>vorteX-io</strong> raised $9.9 million from Seventure Partners&#8217; Blue Forward Fund on May 28, 2026. Flood warning and forecasting system for hydrology monitoring. vorteX-io is based in Toulouse, France. Website: www.vortex-io.fr</p><p><strong>Diamfab</strong> raised $11.6 million on May 29, 2026. Advanced manufacturer of diamond for the semiconductor industry. The CEO is Gauthier Chicot. Diamfab is based in Grenoble, France. Website: www.diamfab.com</p><p><strong>Geordie</strong> raised $30 million at a $155 million valuation from Balderton Capital on May 29, 2026. Agent-native security platform for autonomous AI agents. The CEO is Henry Comfort. Geordie is based in London, United Kingdom. Website: www.geordie.ai</p><p><strong>MokN</strong> raised $15 million from GV on May 29, 2026. Security platform using decoy assets to detect credential theft. MokN is based in Paris, France. Website: www.mokn.io</p><p><strong>Picogrid</strong> raised $45 million from Bessemer Venture Partners on May 29, 2026. Unified platform for autonomous systems. The CEO is Zane Mountcastle. Picogrid is based in El Segundo, CA, United States. Website: www.picogrid.com</p><p><strong>Waypoint Bio</strong> raised $20 million from Amplify Partners on May 29, 2026. Optimizing cell therapy using spatial biology techniques. The CEO is Xinchen Wang. Waypoint Bio is based in New York, NY, United States. Website: www.waypointbio.com</p><p><strong>Default</strong> raised $20 million from 8VC on May 30, 2026. Default is a go-to-market platform that helps teams deploy AI agents by unifying revenue data and operational workflows. Default is based in New York, NY, United States. Website: www.default.com<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>Focused Energy ($240M from RWE, the Federal Agency for Breakthrough Innovation SPRIND, the European Innovation Council Fund, and Prime Movers Lab): </strong>Focused Energy is building a laser-driven fusion system aimed at producing clean, dispatchable power without the intermittency baggage of wind and solar. The interesting momentum here is the mix of industrial and government backers that tend to show up only when a technical program is moving from theory toward engineered systems and facilities. By anchoring in Austin while pulling in major European innovation institutions, the company looks set up for transatlantic partnerships around supply chain, siting, and eventual grid integration. It raised $240M led by RWE alongside SPRIND, the European Innovation Council Fund, and Prime Movers Lab&#8212;an unusually heavyweight syndicate for a fusion startup still in the build-and-prove phase.</p><p><strong>OurSky ($90M from Lux Capital and co-led by Upfront Ventures, Detroit Venture Partners, Island Green Capital, and RTX Ventures): </strong>OurSky provides a developer platform that lets teams build space applications and turn observational data into usable products, without stitching together satellites, ground stations, and analytics from scratch. What&#8217;s timely is the shift from &#8220;launch more hardware&#8221; to &#8220;ship more software,&#8221; as defense, climate, and logistics groups want faster iteration on imagery and tasking rather than bespoke satellite programs. The company&#8217;s positioning as an integration layer&#8212;APIs, tools, and workflows around space data&#8212;makes it easier for non-space-native teams to deploy space-enabled features inside existing products. OurSky raised $90M with Lux Capital leading and a broad co-lead group including Upfront Ventures and RTX Ventures, underscoring how mainstream space software has become beyond pure aerospace investors.</p><p><strong>Gray Swan ($40M from Wing Venture Capital and Madrona): </strong>Gray Swan builds an AI security platform focused on model safety&#8212;testing, red-teaming, and hardening AI systems before attackers (or users) find the failure modes in production. As companies ship copilots and agentic workflows into real operations, the security problem is no longer just data leaks; it&#8217;s prompt injection, tool misuse, policy bypass, and models behaving badly under adversarial pressure. The product category is gaining urgency because enterprises need repeatable evaluation and guardrails that fit CI/CD, not one-off &#8220;model audits&#8221; that go stale after the next fine-tune. Gray Swan&#8217;s $40M round led by Wing Venture Capital and Madrona puts it in the cohort of startups trying to become the default safety layer as AI moves from demos to regulated, high-stakes deployments.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Series A activity: Week of May 17, 2026]]></title><description><![CDATA[There were 16 Series As in the last week that raised a total of $1.3 billion. The average deal size was $79.3 million while the median was $20.0 million.]]></description><link>https://postround.substack.com/p/series-a-activity-week-of-may-17</link><guid isPermaLink="false">https://postround.substack.com/p/series-a-activity-week-of-may-17</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 25 May 2026 12:03:47 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!xen2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p><em>Data for Series A deals done worldwide (ex-China) where amount raised is greater than $8M and the company is not focused on therapeutics</em></p><div class="captioned-image-container"><figure><a class="image-link image2 is-viewable-img" target="_blank" href="/__u/substackcdn.com/image/fetch/$s_!xen2!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png" data-component-name="Image2ToDOM"><div class="image2-inset"><picture><source type="image/webp" srcset="/__u/substackcdn.com/image/fetch/$s_!xen2!, /__u/postround.substack.com/w_424, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png 424w, /__u/substackcdn.com/image/fetch/$s_!xen2!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png 848w, /__u/substackcdn.com/image/fetch/$s_!xen2!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png 1272w, /__u/substackcdn.com/image/fetch/$s_!xen2!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_webp, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png 1456w" sizes="100vw"><img src="/__u/substackcdn.com/image/fetch/$s_!xen2!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png" width="1456" height="445" 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/__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png 424w, /__u/substackcdn.com/image/fetch/$s_!xen2!, /__u/postround.substack.com/w_848, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png 848w, /__u/substackcdn.com/image/fetch/$s_!xen2!, /__u/postround.substack.com/w_1272, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png 1272w, /__u/substackcdn.com/image/fetch/$s_!xen2!, /__u/postround.substack.com/w_1456, /__u/postround.substack.com/c_limit, /__u/postround.substack.com/f_auto, /__u/postround.substack.com/q_auto:good, /__u/postround.substack.com/fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ffbaa3e8e-1b71-494a-92b5-4f92a02d5a3c_1752x536.png 1456w" sizes="100vw" fetchpriority="high"></picture><div class="image-link-expand"><div class="pencraft pc-display-flex pc-gap-8 pc-reset"><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container restack-image"><svg aria-hidden="true" width="20" height="20" viewBox="0 0 20 20" fill="none" stroke-width="1.5" stroke="var(--color-fg-primary)" stroke-linecap="round" stroke-linejoin="round" xmlns="http://www.w3.org/2000/svg"><g><path d="M2.53001 7.81595C3.49179 4.73911 6.43281 2.5 9.91173 2.5C13.1684 2.5 15.9537 4.46214 17.0852 7.23684L17.6179 8.67647M17.6179 8.67647L18.5002 4.26471M17.6179 8.67647L13.6473 6.91176M17.4995 12.1841C16.5378 15.2609 13.5967 17.5 10.1178 17.5C6.86118 17.5 4.07589 15.5379 2.94432 12.7632L2.41165 11.3235M2.41165 11.3235L1.5293 15.7353M2.41165 11.3235L6.38224 13.0882"></path></g></svg></button><button tabindex="0" type="button" class="pencraft pc-reset pencraft icon-container view-image"><svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-maximize2 lucide-maximize-2"><polyline points="15 3 21 3 21 9"></polyline><polyline points="9 21 3 21 3 15"></polyline><line x1="21" x2="14" y1="3" y2="10"></line><line x1="3" x2="10" y1="21" y2="14"></line></svg></button></div></div></div></a></figure></div><p class="button-wrapper" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe now&quot;,&quot;action&quot;:null,&quot;class&quot;:null}" data-component-name="ButtonCreateButton"><a class="button primary" href="/__u/postround.substack.com/subscribe"><span>Subscribe now</span></a></p><h2><strong>Series A Deals</strong></h2><p><strong>Eisen</strong> raised $10 million from MissionOG and a previously unannounced $8.5 million seed led by Index Ventures on May 19, 2026. End-to-end escheatment platform for dormant account compliance. Eisen is based in New York, NY, United States. Website: www.witheisen.com</p><p><strong>Ocean</strong> raised $20 million from Lightspeed Venture Partners on May 19, 2026. AI-powered email security platform detecting phishing and fraud. Ocean is based in New York, NY, United States. Website: www.ocean.security</p><p><strong>Viktor</strong> raised $75 million from Accel on May 19, 2026. AI coworker automating workplace tasks across company tools. Viktor is based in Warsaw, Poland. Website: www.viktor.com</p><p><strong>Catena Labs</strong> raised $30 million from Acrew Capital and a16z crypto on May 20, 2026. Incubator for independent products in identity, communications, and AI. The CEO is Sean Neville. Catena Labs is based in Boston, MA, United States. Website: www.catenalabs.com</p><p><strong>CircuitHub</strong> raised $28 million from Plural on May 20, 2026. CircuitHub is an on-demand electronics manufacturing platform using software and automation to speed up PCB and electronics production. CircuitHub is based in South Deerfield, MA, United States. Website: www.circuithub.com</p><p><strong>Iscon Balaji Foods</strong> raised $215 million from Advent International on May 20, 2026. Food and beverage company offering chips, fries, and burger patties. Iscon Balaji Foods is based in Ahmedabad, India. Website: www.isconbalajifoods.com</p><p><strong>Prelude</strong> raised $20 million from 20VC on May 20, 2026. SMS verification and mobile onboarding infrastructure with unified APIs. Prelude is based in Paris, France. Website: www.prelude.so</p><p><strong>Quantum Bridge Technologies</strong> raised $8 million from Primo Capital SGR on May 20, 2026. Next-generation internet for global quantum communication. Quantum Bridge Technologies is based in Toronto, Canada. Website: www.qubridge.io</p><p><strong>Quartermaster</strong> raised $43 million from First Round Capital and Quiet Capital on May 20, 2026. Defense tech developing real-time distributed marine software. The CEO is Neil Sobin. Quartermaster is based in Arlington, VA, United States. Website: www.quartermaster.us</p><p><strong>Texture</strong> raised $12.5 million from VoLo Earth Ventures and Equal Ventures on May 20, 2026. Data aggregation platform for the energy sector. Texture is based in New York, NY, United States. Website: www.texturehq.com</p><p><strong>Variational</strong> raised $50 million from Dragonfly on May 20, 2026. Infrastructure for peer-to-peer trading and settlement of derivatives. Variational is based in George Town, Cayman Islands. Website: www.variational.io</p><p><strong>ClearOps</strong> raised $10 million from Hitachi Ventures on May 21, 2026. B2B supply chain software for machine manufacturing optimization. The CEO is William Barkawi. ClearOps is based in M&#252;nchen, Germany. Website: www.clearops.com</p><p><strong>Dandelion Health</strong> raised $14 million from Healthier Capital on May 21, 2026. AI platform catalyzing innovation in healthcare applications. The CEO is Elliott Green. Dandelion Health is based in New York, NY, United States. Website: www.dandelionhealth.ai</p><p><strong>Muybridge</strong> raised $16 million from Investinor, Fairpoint, Idekapital and RunwayFBU on May 21, 2026. Imaging platform developing software and sensors for cameras. Muybridge is based in Fornebu, Norway. Website: www.muybridge.com</p><p><strong>Benefitbay</strong> raised $18 million from Ten Coves Capital on May 22, 2026. End-to-end solution for managing ICHRA plans for employers. The CEO is Brandy Thompson. Benefitbay is based in Kansas City, MO, United States. Website: www.benefitbay.com</p><p><strong>Hark</strong> raised $700 million at a $6 billion valuation from Parkway Venture Capital on May 22, 2026. Personalized AI systems platform integrating software and hardware. Hark is based in San Jose, CA, United States. Website: www.hark.com<br></p><p><strong>Three Most Interesting Deals</strong></p><p><strong>CircuitHub ($28M from Plural): </strong>CircuitHub&#8217;s $28M Series A stands out because it funds infrastructure that many hardware and industrial AI companies depend on but few can build internally: fast, software-defined electronics manufacturing with tighter design-to-production loops. The company&#8217;s expansion of automated capacity across the U.S. and Europe directly addresses two strategic pressures in the market&#8212;supply-chain resilience and shorter iteration cycles for complex hardware. From an investment perspective, this is a picks-and-shovels bet on the physical layer of the innovation stack, where better manufacturing throughput can unlock value across many downstream startups and product categories. If execution continues, CircuitHub could become a critical enabling platform for teams that need both speed and reliability in electronics production.</p><p><strong>Hark ($700M from Parkway Venture Capital): </strong>Hark&#8217;s $700M Series A is one of the clearest signals this week that investors are willing to fund full-stack AI platform bets&#8212;models, infrastructure, and device ambitions&#8212;at a scale usually reserved for much later stages. Strategically, the round suggests conviction that personalized, multimodal AI systems can become a major control layer for consumer and enterprise workflows, not just a feature inside existing software. The size and investor mix also imply expectations of rapid capacity buildout in compute and product development, which can create durable advantages if execution matches capital intensity. Even with staging-risk concerns, this deal sets an important benchmark for how aggressively the market is pricing category leadership in next-generation AI platforms.</p><p><strong>Quartermaster ($43M from First Round Capital and Quiet Capital): </strong>Quartermaster&#8217;s $43M raise highlights continued momentum in defense tech, especially software for distributed, real-time maritime operations. This matters strategically because procurement tailwinds and geopolitical demand are translating into larger early rounds for mission-critical systems. The marine focus is relatively under-served versus aerial domains, creating room for differentiated platforms and data moats tied to deployments. The deal signals that investors see credible pathways to scaled contracts and long-duration revenue in defense software.</p><p>___</p><p><strong>Disclosures</strong></p><p>This material is intended for information purposes only and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author(s), and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading Magid and Co! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item><item><title><![CDATA[Everything is seed]]></title><description><![CDATA[Founders are all that count]]></description><link>https://postround.substack.com/p/everything-is-seed</link><guid isPermaLink="false">https://postround.substack.com/p/everything-is-seed</guid><dc:creator><![CDATA[Aaron Harris]]></dc:creator><pubDate>Mon, 18 May 2026 13:30:04 GMT</pubDate><enclosure url="https://substackcdn.com/image/fetch/$s_!9Zpw!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F33468acd-2a4a-4ebe-b676-9cc4961f2ed1_264x264.png" length="0" type="image/jpeg"/><content:encoded><![CDATA[<p>Once upon a time, not so long ago, there was this idea of seed rounds, As, Bs, Cs, Ds, and IPOs. The concept worked like this: companies started without very much and raised a small amount of money to hit a proof point. They&#8217;d hit a proof point, get bigger in the process, and raise a larger amount of money. This would repeat all the way to the IPO when they&#8217;d raise a whole lot of money and/or generate liquidity for employees and investors. At each step of this process, investors would evaluate the company based on somewhat objective measurements of progress - metrics. Of course, the investors wouldn&#8217;t judge solely on metrics because they never told the whole story and, fundamentally, the thing that mattered most was the distant future. But, still, metrics were useful.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading PostRound! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div><p>In the last couple years, metrics lost their value. Not 100% of it, but a lof it, especially as a somewhat objective standard. There are a few reasons for that change. A big one is that numbers started getting very very very ludicrously big almost unimaginably fast. First companies started going from 0-$10m in 18 months, then it was 0-100 million and then 0-$1B in revenue in under two years. When a single company grows that way, it can be explained away. When that behavior becomes the baseline we start to lose our ability to judge normal/exceptional.</p><p>Maybe worse, getting that normal/exceptional decision wrong is far more consequential because the fast movers are that much faster and get that much bigger. But worst of all, maybe, is that the mistake is OBVIOUS that much faster to everyone! No one likes being wrong in public, certainly not investors.</p><p>So metrics are out as a way to judge progress objectively.</p><p>Next on the list of no longer useful method of evaluating scaling company quality: technology. Our business is, primarily, about funding novel technology that also makes lots of money. Novel technology is hard. At least, it was. The rate at which technology is becoming easier to build combined with the number of people willing to do it and having the means to do it is still on an exponential curve. Nearly every unique piece of revolutionary software built in the last year has been copied almost immediately by competitiors with ever increasing speed. This is true of saas businesses and it is true of the most complex AI models. For all the funding they&#8217;ve raised, OpenAI and Anthropic are seemingly within months of one another in replicating advanced capabilities.</p><p>So what&#8217;s a VC to do? Can&#8217;t evaluate based on metrics. Can&#8217;t evaluate based on technology. Can&#8217;t really fund based on market or idea because those are similarly replicable.</p><p>That leaves the final leg of any evaluation: founders. Founders end up being the fixed point around which investors can build an investment thesis. That&#8217;s particularly interesting because it is stage independant and sector agnostic. You can back an exceptional founder at seed or at the D and largely base your argument around founder quaility (see Elon Musk). You can do it with any amount of money, and be logically consistent - just back the best founders.</p><p>It is true that, over time, the best founders pile on exceptional progress - they quickly hire incredible people, they find new ways to do hard things, they generally manage to stay ahead of all curves. And because that&#8217;s true, you can draw a line back from any truly exceptional outcome to the earliest stages of a company and argue that, if the founder is good enough, the stage and the money they need are divorced from another.</p><p>So that&#8217;s the theory - fund the founder. That was always the primary driver of a seed round. Now its the primary driver of every round. Now every round is basically just seed</p><p>__</p><p>Disclosure:</p><p>This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Unless otherwise stated, all views or opinions herein are solely those of the author, and thus any view, comments, or outlook expressed in this communication may differ substantially from any similar material issued by other persons or entities. This communication is not an offer to buy or sell, or a solicitation of any offer to buy or sell any financial instrument, product, or service. The information contained in this communication is based on generally available information and although obtained from sources believed to be reliable, its accuracy and completeness cannot be assured and such information may be incomplete or condensed. The information in this communication does not constitute tax, financial, or legal advice. The reader should obtain advice based on their own individual circumstances from their own tax, financial or legal advisor.</p><p>Securities are offered through Finalis Securities LLC, member FINRA/SIPC. Magid and Company and Finalis Securities LLC are separate unaffiliated entities.</p><div class="subscription-widget-wrap-editor" data-attrs="{&quot;url&quot;:&quot;https://postround.substack.com/subscribe?&quot;,&quot;text&quot;:&quot;Subscribe&quot;,&quot;language&quot;:&quot;en&quot;}" data-component-name="SubscribeWidgetToDOM"><div class="subscription-widget show-subscribe"><div class="preamble"><p class="cta-caption">Thanks for reading PostRound! Subscribe for free to receive new posts and support my work.</p></div><form class="subscription-widget-subscribe"><input type="email" class="email-input" name="email" placeholder="Type your email&#8230;" tabindex="-1"><input type="submit" class="button primary" value="Subscribe"><div class="fake-input-wrapper"><div class="fake-input"></div><div class="fake-button"></div></div></form></div></div>]]></content:encoded></item></channel></rss>