AI startups across infrastructure, healthcare, and enterprise sectors raised over $4.5 billion this week, with Nscale securing Europe’s largest-ever Series B. From AI-powered data centers to legal automation, here are the highlights:
Nscale Breaks European Record with $1.1 Billion Series B
Fund Raised: $1.1 billion
Investors: Aker ASA, Sandton Capital, Blue Owl, Dell, Fidelity Management, G Squared, Nokia, NVIDIA, Point72, T. Capital
UK-based Nscale secured the largest Series B round in European history to build GPU-powered AI data centers across Europe, North America, and the Middle East. The company leverages renewable energy to provide cost-effective AI cloud infrastructure at hyperscale.
Nscale operates “AI factory” data centers including the new Stargate UK and Norway facilities, addressing surging global demand for AI compute. The company partners with major tech players including NVIDIA for GPU supply and Dell for infrastructure, positioning itself as a critical player in Europe’s AI infrastructure race. With this funding, Nscale plans to expand capacity tenfold by 2026.
Filevine Reaches $626 Million Total with $400 Million Series E
Fund Raised: $400 million
Investors: Insight Partners, Accel, Halo Fund, Meritech Capital, StepStone Group, Run Ventures, Album Ventures
Salt Lake City-based Filevine, founded in 2015 by Ryan Anderson (CEO) and Jim Blake (COO), raised funding to accelerate its AI-powered legal operating system. The platform serves 6,000 law firms and 100,000 legal professionals across 40 countries, processing 4 million cases annually.
Filevine’s AI features automate case management, document analysis, and workflow orchestration, reducing case processing time by 40% for clients. The company achieved 125% revenue growth in 2024 and maintains a 95% customer retention rate. Anderson and Blake previously founded Jolt Software before identifying inefficiencies in legal practice management.
Judi Health Secures $400 Million to Transform Healthcare Benefits
Fund Raised: $400 million
Investors: Wellington Management, General Catalyst, Generation Investment Management, Goldman Sachs Growth Equity, 9Yards Capital, B Capital Group, Edison Partners
New York-based Judi Health (formerly Capital Rx), founded in 2017 by AJ Loiacono (CEO), raised Series F funding for its AI-driven pharmacy benefits platform. Loiacono, who started his first healthcare company at 19, serves 4 million pharmacy benefit members and 54 million health plan lives through 400+ enterprise customers.
The platform uses real-time AI to reduce pharmacy costs by 25% on average while improving medication adherence by 35%. Judi Health processes $8 billion in annual prescription claims and projects $1.2 billion revenue for 2025. The company employs 450 people with engineering teams in New York and Austin.
Modular Hits $1.6 Billion Valuation with $250 Million Series C
Fund Raised: $250 million
Investors: US Innovative Technology Fund, DFJ Growth, Google Ventures, General Catalyst, Greylock Partners
Palo Alto-based Modular, founded in 2022 by Chris Lattner (CEO) and Tim Davis (President), secured funding for its chip-agnostic AI deployment platform. Lattner, creator of Swift and LLVM at Apple, and Davis, former Google Distinguished Engineer, enable developers to run AI across CPUs, GPUs, and NPUs without code rewrites.
Modular’s platform reduces AI inference costs by 5-10x compared to traditional GPU-only approaches and improves deployment speed by 80%. The company serves 15,000+ developers and enterprise customers including MongoDB and Databricks, with 90% quarter-over-quarter growth. Two-thirds of Modular’s 120 employees are former Apple, Google, or Meta engineers.
AppZen Raises $180 Million for Agentic Finance AI
Fund Raised: $180 million
Investors: Riverwood Capital, 500 Global, Lightspeed Venture Partners, Coatue Management, Bloomberg Beta, Redpoint Ventures
San Jose-based AppZen, founded in 2012 by Anant Kale (CEO), secured Series D funding for its agentic AI platform automating finance and expense auditing. Kale, former engineering leader at SAP and IBM, serves 1,500+ global enterprises including Amazon, Salesforce, JPMorgan Chase, and Airbus.
AppZen’s AI audits 40 million expense reports and 25 million invoices annually, catching $850 million in policy violations and fraud. The platform reduces manual audit time by 90% and achieves 99.5% accuracy in fraud detection. AppZen processes $85 billion in annual spend and projects $200 million revenue for 2025 with 180% YoY growth.
Distyl AI Reaches $1.8 Billion Valuation with $175 Million Series B
Fund Raised: $175 million
Investors: Lightspeed Venture Partners, Khosla Ventures, Coatue Management, Dell Technologies Capital, DST Global
San Francisco-based Distyl AI, founded in 2023 by ex-Palantir engineers led by CEO David Glazer (former Palantir GM), raised funding to help Fortune 500 companies embed AI into operations. Glazer and his co-founders spent 8+ years at Palantir deploying AI for defense and intelligence agencies.
Distyl serves 25+ Fortune 500 customers including T-Mobile, where AI implementations improved operational efficiency by 35%. The company employs 150+ people (90% technical) and has achieved 300% revenue growth in 2024. Distyl’s platform combines consulting services with proprietary tools for “AI-native” enterprise transformation.
Empower Semiconductor Secures $140+ Million for AI Power Management
Fund Raised: $140+ million
Investors: Fidelity Management & Research, Maverick Silicon, CapitalG, Atreides Management, Socratic Partners, Walden Catalyst Ventures, Knollwood, Abu Dhabi Investment Authority
California-based Empower Semiconductor, founded in 2017 by CEO Anita Saraf (former Texas Instruments executive), raised Series D funding for power management solutions for AI processors. Saraf holds 20+ patents in power electronics and previously led advanced power teams at TI and Analog Devices.
Empower’s integrated voltage regulators and silicon capacitors improve AI chip power efficiency by 40% and reduce data center cooling costs by 25%. The company’s technology powers AI infrastructure at three hyperscalers and two top semiconductor manufacturers, with designs shipping in 50+ million processors annually.
Auterion Raises $130 Million for Autonomous Drone Swarms
Fund Raised: $130 million
Investors: Bessemer Venture Partners, Lakestar, Mosaic Ventures, Costanoa Ventures
US-based Auterion, founded in 2018 by defense technology experts, secured Series B funding for its AuterionOS software and Nemyx AI drones. The company has contracts with the Pentagon and serves defense customers in 15+ countries.
Auterion’s swarm technology enables 50+ autonomous drones to coordinate simultaneously across air, land, and sea platforms. The company has delivered 2,000+ drone systems to military customers and achieved $75 million revenue in 2024. Auterion’s technology was deployed in multiple NATO exercises and has proven 95% mission success rates.
Inspiren Secures $100 Million for Senior Care AI
Fund Raised: $100 million
Investors: Insight Partners, Avenir Growth, Primary Venture Partners, Scale Venture Partners, Story Ventures, Third Prime Capital, Studio VC
New York-based Inspiren, founded in 2019 by healthcare technology veterans, raised Series B funding for its AI platform serving senior living communities. The company’s ecosystem covers 450+ facilities across 35 states, monitoring 85,000+ residents.
Inspiren’s AI reduces fall incidents by 40%, emergency room visits by 25%, and improves staffing efficiency by 30%. The platform processes 2 million+ safety checks daily and has saved facilities $180 million in preventable costs. Inspiren achieved 200% revenue growth in 2024 and projects $120 million revenue for 2025.
Cohere Raises $100 Million at $7 Billion Valuation
Fund Raised: $100 million
Investors: NVIDIA, AMD, Salesforce Ventures, Nexxus Capital Management, Business Development Bank of Canada
Toronto-based Cohere, founded in 2019 by Aidan Gomez (CEO), Nick Frosst, and Ivan Zhang (former Google Brain researchers), secured Series D funding for secure enterprise LLMs. Gomez co-authored the seminal “Attention Is All You Need” paper that created the Transformer architecture underlying modern AI.
Cohere serves 500+ enterprise customers including Salesforce, Oracle, and LivePerson, with 300% revenue growth in 2024. The company’s on-premises models process 50 billion API calls monthly across finance, healthcare, and government sectors. Cohere employs 400+ people including 30+ former Google, Meta, and OpenAI researchers.
Other Notable Rounds
Factory raised $50 million Series B led by NEA for AI coding agents (“Droid”) serving MongoDB, Bayer, and Zapier. Notable investors include Sequoia Capital, J.P. Morgan, NVIDIA, and angels Frank Slootman, Nikesh Arora, and Aaron Levie.
Juicebox secured $30 million Series A from Sequoia Capital for its AI-powered recruiting platform, serving 500+ companies with 250% YoY growth.
Light raised $30 million Series A led by Balderton Capital for AI-native finance automation, serving 200+ fast-growing companies across Europe and opening a New York office.
Aleph secured $29 million Series B from Khosla Ventures for AI-powered FP&A software, serving customers like Zapier, Turo, and Chess.com with 400% revenue growth.
AmplifAI raised $33.7 million Series B led by CVS Health Ventures for contact center AI optimization, processing 100 million+ customer interactions annually.
Corintis secured $24 million Series A from BlueYard Capital for microfluidic chip cooling technology removing heat 3x more effectively than traditional solutions.
International Spotlight
Oura Health (Finland/US) is raising ~$875 million Series E at $11 billion valuation for wearable health devices. The company has sold 5+ million smart rings and projects $1+ billion revenue for 2025.
Tide (UK) raised $120 million Series F at $1.5 billion valuation for SME banking serving 1.6 million businesses, with AI features launching globally.
Tether (Hong Kong) is seeking $15-20 billion in private placement for its USDT stablecoin operations, targeting a ~$500 billion implied valuation.
Important Takeaway
This week’s $4.5+ billion in AI funding demonstrates continued investor confidence across the AI stack, from infrastructure to applications. The success of founders like Anant Kale (AppZen), Chris Lattner (Modular), and Aidan Gomez (Cohere) shows that technical expertise combined with clear business models drives mega-rounds even in a selective funding environment. The 16 deals covered represent real solutions addressing massive market opportunities in AI infrastructure, enterprise automation, and specialized vertical applications.
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