February 2025 was an extraordinary month for massive funding rounds, particularly in defense technology, cybersecurity, artificial intelligence, and robotics sectors. To secure a spot on last month’s top-funding list, startups needed to raise at least $200 million.
1. Saronic Raises Record-Breaking $600M for Autonomous Vessels
Austin-based defense startup Saronic secured an impressive $600 million Series C funding, led by renowned investor Elad Gil. This investment brought the company’s valuation to a staggering $4 billion, a sharp increase from the $1 billion valuation just seven months prior during its Series B round led by Andreessen Horowitz. Saronic, founded in 2022, develops autonomous surface vehicles—essentially maritime drones used by the U.S. Navy. The latest funds will support constructing Port Alpha, their new shipyard facility in Austin, to expand production capabilities for larger vessels.
2. NinjaOne’s $500M Boost Strengthens Cybersecurity Platform
NinjaOne, specializing in endpoint management, security, and monitoring, attracted $500 million in Series C extensions from investors including Iconiq Growth and Google’s CapitalG. The Austin-based company’s valuation soared to $5 billion, more than double its value from a year ago. Since its inception in 2013, NinjaOne has accumulated approximately $762 million in funding. The new capital highlights the growing importance of endpoint security as remote work continues to expand globally.
3. Lambda Attracts $480M in Funding Amid AI Boom
Lambda, known for providing cloud services and high-performance hardware tailored for artificial intelligence training, completed a $480 million Series D funding round co-led by Andra Capital and SGW. Nvidia, a major GPU supplier for AI developers, also participated. With the latest investment, Lambda’s valuation jumped to an estimated $2.5 billion. The company reached unicorn status last year and continues to scale aggressively.
4. Eikon Therapeutics Lands $351M for Groundbreaking Biotech Innovations
Biotech startup Eikon Therapeutics secured nearly $351 million in a Series D round from key investors such as Lux Capital and Alexandria Venture Investments. This funding places it among the top biotech raises of 2025. Based in Hayward, California, Eikon specializes in super-resolution microscopy technology to study drug effects on live cells. Established in 2019, it has now raised around $1.1 billion to advance its innovative research.
5. Apptronik Secures $350M to Enhance Industrial Robotics
Austin-based robotics startup Apptronik attracted a significant $350 million Series A round led by B Capital and Capital Factory, with participation from Google. Founded in 2016, Apptronik designs AI-powered humanoid robots like “Apollo,” intended for industrial applications. The company, partnering with NASA and Nvidia, previously raised $28 million and has developed 15 robotic systems, including NASA’s Valkyrie robot.
6. Together AI’s $305M Funding Accelerates AI Development Platform
AI platform provider Together AI secured $305 million in a new round led by General Catalyst and Prosperity7 Ventures, reaching a remarkable $3.3 billion valuation. This substantial jump reflects the rapidly increasing demand for customizable AI models and cloud solutions. Together AI’s annualized revenue now exceeds $100 million, a dramatic increase from the previous year’s $30 million.
7. Harvey Raises $300M to Innovate AI in Legal Tech
San Francisco’s Harvey, a leader in legal AI technologies, completed a $300 million funding round led by Sequoia Capital, valuing the company at $3 billion. Founded in 2022, Harvey provides cutting-edge AI tools aiding legal professionals in research, contract analysis, and document reviews. The startup’s total fundraising now stands at $506 million.
8. Abridge Secures $250M to Advance AI Medical Documentation
Pittsburgh-based healthcare AI firm Abridge raised $250 million from investors Elad Gil and IVP. Abridge, established in 2018, leverages artificial intelligence to automate clinical note-taking and patient interactions, achieving a valuation of $2.75 billion post-funding. The company has accumulated nearly $458 million in total investments.
9. QuEra Computing Attracts $230M for Quantum Tech
Boston-based QuEra Computing received $230 million from notable backers including SoftBank’s Vision Fund and Google Quantum AI. QuEra, specializing in neutral-atom quantum computing—renowned for its lower error rates—is now positioned to accelerate advancements in quantum technology. Founded in 2018, the startup has raised $247 million overall.
10. XOi Technologies & Abcuro Each Raise $230M and $200M Respectively
XOi Technologies, a Nashville-based enterprise software provider, raised $230 million from Kohlberg Kravis Roberts, enabling the acquisition of Specifx Data. XOi develops technology that assists field technicians by providing real-time machine information.
Massachusetts biotech firm Abcuro secured a $200 million Series C round led by New Enterprise Associates. Founded in 2015, Abcuro is pioneering therapies targeting autoimmune diseases and cancer, bringing its total funding to nearly $415 million.
11. Verkada Boosts Security Innovations with $200M Investment
Verkada, a San Mateo-based firm specializing in physical security solutions, secured a $200 million Series E round from General Catalyst, reaching a $4.5 billion valuation. The company provides advanced security cameras, access control, and sensors enhanced by artificial intelligence. Since its launch in 2016, Verkada has raised over $700 million.
Big Deals Outside the U.S.
Canada’s StackAdapt raised $235 million in funding led by Teachers’ Venture Growth, reinforcing its AI-powered advertising platform aimed at enhancing user experiences and advertising efficiency.
