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Last week’s funding activity surged to 98 rounds with $19.5 billion raised, marking a +42% increase in deal count and +22% in capital versus the prior week . This follows a volatile three-week pattern: the week of May 19 saw 69 rounds and $15.91 billion (driven by mega-deals), while May 12 dropped sharply to 39 rounds and $4.53 billion . The market is clearly sensitive to the timing of a few outsized transactions.
Key Patterns Identified
Dimension | Observation |
|---|---|
Capital Concentration | A handful of mega-rounds (Cerebras $5.55B IPO, CoreWeave $3.1B, Hark $700M, Decart/Amca/Armada $230–300M each) dominate total dollars, while early-stage AI/health rounds remain active but smaller |
Sector Focus | AI infrastructure & agentic systems lead (Decart, CoreWeave, Modal Labs, Hark), followed by defense/aerospace (Amca, Arkeus, Perpetua), healthcare/Biotech (Commure, Cagent Vascular, Nourish), and energy/data-center power (GridCARE, Voltagrid, MidOcean) |
Geographic Skew | U.S. captured 50 of 98 rounds and $16.32B (~84% of capital); U.K. had 10 rounds ($678M); India 5 rounds ($317M); France only 3 rounds |
Stage Distribution | Mix of late-stage mega-deals (IPOs, Series D–H) and clustered seed/Series A AI-health startups, indicating LP appetite for scale-ups plus active early-stage flow |
Investor Mix | Top-tier VCs (a16z, Sequoia, General Catalyst, Lux Capital) plus strategic corporates (Nvidia, Adobe, Qualcomm, BlackRock) and large asset managers (Bain Capital Crypto, Morgan Stanley) signal institutional confidence in capital-intensive plays |
Trends & Insights
AI has shifted from "standalone product" to "infrastructure picks-and-shovels" – investors favor AI-native compute, inference infrastructure, agentic workflows, and vertical AI (healthcare, defense, energy) over consumer AI apps .
Defense & energy are re-emerging as de-risked assets – large rounds in aerospace/defense (Amca, Arkeus, Anduril-like momentum) and power/data-center energy (GridCARE, CoreWeave, VoltaGrid) reflect capital seeking tangible, long-duration assets .
Week-to-week volatility is driven by mega-deal timing, not broad market weakness – the underlying momentum in AI/health remains intact, but totals swing dramatically when 2–3 outsized rounds land .
Geographic concentration persists – the U.S. continues to dominate both volume and capital; U.K. and India show selective activity but remain niche in aggregate .
Market is bifurcating – capital-intensive winners attract outsized allocations while many early-stage ventures raise smaller rounds, signaling cycle maturity and a shift from speculation to operational upgrades .
Previous reports (May 5, April 28, April 21) showed broader consumer SaaS, fintech, and climate deals; now the focus is distinctly top-heavy and infrastructure-oriented.
Conclusion
Last week’s spike reflects capital concentration into several megadeals amid sustained early-stage AI and health activity; the market is maturing toward infrastructure, defense, and energy while weekly totals remain volatile based on mega-round timing.
Last week's funding rounds
98 funding rounds, +42% from last week.
Number of funding rounds - May 25, 2026 by Parsers VC
Total raised $19.5 billion, +22% since last week
Total raised $, bln - May 25, 2026 by Parsers VC
Funding rounds in United States
50 funding rounds, total raised $16.32B
Variational (A P2P protocol for on-chain perpetuals and derivatives trading with aggregated market liquidity) Raises $50M Series A Round from Bain Capital Crypto, Dragonfly, Coinbase #RWA #Blockchain #DeFi #Derivatives #Fintech
Decart (Developer of real-time video models, world models, and ultra-optimized AI infrastructure) Raises $300M from Zeev Ventures, Benchmark (San Francisco), Valor Equity Partners, Adobe Systems, Sequoia Capital, Atreides Management, Nvidia, Radical Ventures #SaaS #Software #AI #DeepTech #Infrastructure
Amca (Modernizes aerospace and defense manufacturing through integrated AI-powered production platforms) Raises $300M Series B Round from Lightspeed Venture Partners, Construct Capital, a16z, Lux Capital Management #Defense #AI #Aerospace #SupplyChain #Manufacturing
Arkeus (Builds AI-powered sensing systems for autonomous platforms in defense and security applications) Raises $18M Series A Round from QIC Ltd #Sensing #AI #Autonomous #DefenseTech #Hardware
Armada Systems (Provider of modular, sovereign AI infrastructure for remote and mission-critical environments) Raises $230M Series B Round from Lux Capital Management, 8090 Industries, Felicis Ventures, BlackRock, Founders Fund, Johnson Controls, NightDragon Security, Singtel Innov8, Shield Capital #EdgeComputing #Infrastructure #Manufacturing #AI #B2B
benefitbay™ Raises $18M Series A Round from Ten Coves Capital #Platform #HealthTech #InsurTech #Employee #Broker #Platform #HealthTech #InsurTech #Employee #Broker
BIG Fiber (Provides underground metro dark fiber networks for data centers and enterprise customers) Raises $250M from Caisse de dépôt et placement du Québec, Stonepeak #B2B #Connectivity #Fiber #Infrastructure #Telecom
BlankBio (An applied AI lab training foundation models to analyze RNA for clinical and pharmaceutical insights) Raises $7.2M Seed Round from Y Combinator, SignalFire, Ripple Ventures, Leonis Capital, Leonis Investissement #AI #Biotech #Genomics #Healthcare #SaaS
BRAMI (Produces high-protein, fiber-rich pasta using Italian durum wheat and lupini bean flour) Raises $33M Series B Round from Lerer Hippeau, VMG Partners #FoodTech #CPG #Retail #Nutrition #Health
Cagent Vascular (Medical device company developing advanced IVL technology for treating calcified arterial disease) Raises $41M Series D Round from US Venture Partners #Cardiology #Biotech #MedTech #MedicalDevices #Healthcare
CellChorus (Uses AI to analyze immune cell behavior for predicting cancer treatment efficacy) Raises $400K Seed Round #Oncology #AI #Biotech #Diagnostics #HealthTech
Century Health (An AI platform that automates the extraction of structured data from unstructured clinical records) Raises $5M Seed Round from 2048 Ventures, Alumni Ventures, 25Madison, Origin Ventures, Next Play Ventures #B2B #AI #LifeSciences #HealthTech #BigData
Cerebras Systems (Designs specialized AI processors and systems for high-performance computing) Raises $5.55B IPO Round #Semiconductors #AI #Computing #DeepTech #Hardware
Checker (A network enabling financial institutions to integrate stablecoins and digital asset liquidity) Raises $8M from Framework Ventures, Al Mada Ventures #Infrastructure #Fintech #Blockchain #Stablecoins #Payments
CircuitHub (Automates electronics manufacturing to accelerate PCB assembly from months to days) Raises $28M from Plural #Hardware #Automation #SaaS #Robotics #Manufacturing
Clouted (A distribution marketing platform that automates content transformation for brands) Raises $7M Seed Round from a16z, AppWorks, Gold House Ventures, Iterative VC, Z Venture Capital, Weekend Fund, Slow Ventures, Peak XV Partners #Marketing #Media #SaaS #Automation #Content
Commure (Provides an AI-powered platform that automates healthcare administrative and clinical workflows) Raises $70M from Morgan Stanley, General Catalyst, Sequoia Capital at $7B Valuation #SaaS #AI #Automation #B2B #HealthTech
CoreWeave (Provides specialized cloud infrastructure for AI and compute-intensive workloads) Raises $3.1B #Cloud #AI #Infrastructure #DataCenters #Compute
Credibly Raises $260M #Platform #Analytics #Data #HealthTech #IT #Platform #Analytics #Data #HealthTech #IT
Funding rounds in United Kingdom
10 funding rounds, total raised $678M
Blink - The Frontline App (A mobile-first employee experience platform designed to connect and engage frontline workforces) Raises $17M from Enlightened Hospitality Investments #SaaS #Communication #EmployeeEngagement #Frontline #HRTech
Fresha (An AI-powered marketplace and management platform for the beauty and wellness industry) Raises $80M from Kohlberg Kravis Roberts at $1B Valuation #SaaS #AI #Beauty #Fintech #Marketplace
Gaia Raises $100M #InsurTech #FinTech #Family #Fertility #Data #InsurTech #FinTech #Family #Fertility #Data
ICEOTOPE (Developer of precision liquid cooling technology for data centers and edge infrastructure) Raises $26M Series B Round from Northern Gritstone, ABC Impact #Sustainability #AI #Cleantech #DataCenter #Hardware
Imperagen (Uses AI and quantum physics to engineer enzymes for pharma and sustainable chemical production) Raises $6.71M Seed Round from IQ Capital Partners #AI #Biotech #Quantum #Sustainability #TechBio
Infrawatch (A cybersecurity platform providing real-time visibility into infrastructure powering cyberattacks) Raises $3M Pre-Seed Round from Outward VC #Intelligence #SaaS #B2B #Cybersecurity #Infrastructure
InstaVolt Raises $335M #Vehicles #Car #FinTech #E-commerce #Service #Vehicles #Car #FinTech #E-commerce #Service
Primer (Unified payment infrastructure platform providing AI-powered insights for global merchants) Raises $100M Series C Round from Sofina, Tencent, Balderton Capital, Speedinvest, ICONIQ, Accel Partners, Peak XV Partners #FinTech #Payments #SaaS #AI #B2B
Resurrect Bio (Uses AI-driven protein analysis to help crops defend against diseases through gene editing) Raises $10.3M Series A Round from Calculus Capital, Future Planet Capital, AgFunder, Pymwymic #Sustainability #Agtech #AI #Biotech #Genomics
Volvo Car (Designs and manufactures premium electric vehicles, focusing on safety and sustainability) Raises $58.4K #Innovation #Automotive #CommercialVehicles #ElectricVehicles #Fleet
Funding rounds in India
5 funding rounds, total raised $317M
Anscer Robotics (Builds AI-native automation platforms and autonomous robots for factories and warehouses) Raises $5.4M Series A Round #Automation #AI #Robotics #Manufacturing #Logistics
Mythik (Media tech firm leveraging AI and virtual production to globalize Eastern mythology) Raises $5M from Blume Ventures #Entertainment #Content #AI #Tech #Media
Rapido (A ride-hailing platform providing bike and auto-rickshaw taxi services in India) Raises $240M from Prosus, Accel Partners, WestBridge Capital Partners #Mobility #OnDemand #Transportation #Consumer #Hyperlocal
Scapia (An integrated travel-fintech platform offering co-branded credit cards for travel-focused users) Raises $63M Series C Round from Peak XV Partners, General Catalyst #Travel #AI #Consumer #Credit #FinTech
Trackk (An investment platform tailored for Gen Z users to manage and grow their personal finances) Raises $3.7M from Lightspeed Venture Partners #Finance #Fintech #GenZ #Investment #SaaS
Funding rounds in France
3 funding rounds, total raised $27.8M
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