Armed with some data from our friends at CrunchBase, I broke down the largest US startup funding rounds from July 2025. I have included some additional information such as industry, company description, round type, founders, and total equity funding raised to further the analysis.
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11. Perplexity $100.0M
Round: Venture
Description: San Francisco-based Perplexity is an AI-powered answer engine designed to provide accurate, real-time responses to user queries. Founded by Andy Konwinski, Aravind Srinivas, Denis Yarats, and Johnny Ho in 2022, Perplexity has now raised a total of $1.3B in total equity funding and is backed by Bessemer Venture Partners, NVIDIA, Accel, New Enterprise Associates, and IVP.
Investors in the round: IVP, New Enterprise Associates, NVIDIA, SoftBank Vision Fund
Industry: Artificial Intelligence (AI), Chatbot, Generative AI, Machine Learning, Natural Language Processing, Search Engine
Founders: Andy Konwinski, Aravind Srinivas, Denis Yarats, Johnny Ho
Founding year: 2022
Total equity funding raised: $1.3B
11. Substack $100.0M
Round: Series C
Description: San Francisco-based Substack is a subscription-based newsletter publishing platform for independent writers. Founded by Christopher Best, Hamish McKenzie, and Jairaj Sethi in 2017, Substack has now raised a total of $200.2M in total equity funding and is backed by Andreessen Horowitz, Bond, Y Combinator, Quiet Capital, and TCG.
Investors in the round: Andreessen Horowitz, Bond, Jens Grede, Rich Paul, TCG
Industry: Content Creators, Media and Entertainment, News, Publishing, Subscription Service
Founders: Christopher Best, Hamish McKenzie, Jairaj Sethi
Founding year: 2017
Total equity funding raised: $200.2M
11. Harmonic $100.0M
Round: Series B
Description: Palo Alto-based Harmonic develops mathematical reasoning engine designed to tackle complex mathematical problems using AI technology. Founded by Tudor Achim and Vlad Tenev in 2023, Harmonic has now raised a total of $175.0M in total equity funding and is backed by Sequoia Capital, Paradigm, Index Ventures, Kleiner Perkins, and GreatPoint Ventures.
Investors in the round: Charlie Cheever, Index Ventures, Kleiner Perkins, Paradigm, Ribbit Capital, Sequoia Capital
Industry: Artificial Intelligence (AI), EdTech, Software
Founders: Tudor Achim, Vlad Tenev
Founding year: 2023
Total equity funding raised: $175.0M
11. Oxide Computer Company $100.0M
Round: Series B
Description: Emeryville-based Oxide Computer Company is a maker of server racks for on-premises compute infrastructure. Founded by Bryan Cantrill, Jessie Frazelle, and Steve Tuck in 2019, Oxide Computer Company has now raised a total of $194.0M in total equity funding and is backed by Eclipse Ventures, Rally Ventures, US Innovative Technology Fund, Counterpart Ventures, and Riot Ventures.
Investors in the round: Counterpart Ventures, Eclipse Ventures, Intel Capital, Rally Ventures, Riot Ventures, Strike Capital, US Innovative Technology Fund
Industry: Cloud Infrastructure, Embedded Systems, Hardware, Information Technology, Software
Founders: Bryan Cantrill, Jessie Frazelle, Steve Tuck
Founding year: 2019
Total equity funding raised: $194.0M
10. Reka AI $110.0M
Round: Series B
Description: Sunnyvale-based Reka AI is an AI research and product company that develops multimodal AI solutions to advance science and build generative AI models. Founded by Cyprien de Masson d’Autume, Dani Yogatama, Mikel Artetxe, Qi Liu, and Yi Tay in 2022, Reka AI has now raised a total of $170.0M in total equity funding and is backed by NVIDIA, Snowflake, Radical Ventures, DST Global, and Snowflake Ventures.
Investors in the round: NVIDIA, Snowflake
Industry: Artificial Intelligence (AI), Generative AI, Information Technology, Software
Founders: Cyprien de Masson d’Autume, Dani Yogatama, Mikel Artetxe, Qi Liu, Yi Tay
Founding year: 2022
Total equity funding raised: $170.0M
9. Fal $125.0M
Round: Series C
Description: San Francisco-based Fal is a generative media platform that helps developers create applications using AI models. Founded by Burkay Gur and Gorkem Yurtseven in 2021, Fal has now raised a total of $197.0M in total equity funding and is backed by Andreessen Horowitz, Bessemer Venture Partners, Village Global, Salesforce Ventures, and First Round Capital.
Investors in the round: Andreessen Horowitz, Bessemer Venture Partners, First Round Capital, Google AI Futures Fund, Kindred Ventures, Meritech Capital Partners, Notable Capital, Salesforce Ventures, Shopify Ventures, Unusual Ventures, Village Global
Industry: Artificial Intelligence (AI), Developer Platform, Information Technology, Machine Learning
Founders: Burkay Gur, Gorkem Yurtseven
Founding year: 2021
Total equity funding raised: $197.0M
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8. Armada $131.0M
Round: Venture
Description: San Francisco-based Armada provides modular data centers and edge compute solutions. Founded by Dan Wright and Jonathan Runyan in 2022, Armada has now raised a total of $239.0M in total equity funding and is backed by Valor Equity Partners, Founders Fund, 8VC, Shield Capital, and Lux Capital.
Investors in the round: 8090 Industries, Felicis, Founders Fund, Glade Brook Capital Partners, Lux Capital, M12 – Microsoft’s Venture Fund, Marlinspike Capital, Overmatch Ventures, Pinegrove Capital Partners, Shield Capital, Silent Ventures, Veriten
Industry: Artificial Intelligence (AI), Cloud Computing, Data Center, Software
Founders: Dan Wright, Jonathan Runyan
Founding year: 2022
Total equity funding raised: $239.0M
7. Anaconda $150.0M
Round: Series C
Description: Austin-based Anaconda is an open-source distribution of the Python and R programming languages for data science that simplifies package management. Founded by Hugo Shi, Peter Wang, and Travis Oliphant in 2012, Anaconda has now raised a total of $233.0M in total equity funding and is backed by General Catalyst, Insight Partners, Mubadala Capital, Citi Ventures, and Snowflake Ventures.
Investors in the round: Insight Partners, Mubadala Capital
Industry: Analytics, Artificial Intelligence (AI), Big Data, Cloud Infrastructure, Enterprise Software, Machine Learning, Open Source
Founders: Hugo Shi, Peter Wang, Travis Oliphant
Founding year: 2012
Total equity funding raised: $233.0M
7. Motive $150.0M
Round: Venture
Description: San Francisco-based Motive is a fleet management and driver safety platform that helps improve the safety, productivity, and profitability of fleet operations. Founded by Obaid Khan, Ryan Johns, and Shoaib Makani in 2013, Motive has now raised a total of $717.3M in total equity funding and is backed by BlackRock, Insight Partners, Index Ventures, Kleiner Perkins, and IVP.
Investors in the round: AllianceBernstein, Kleiner Perkins
Industry: Artificial Intelligence (AI), Business Intelligence, Fleet Management, Logistics, SaaS, Software, Transportation
Founders: Obaid Khan, Ryan Johns, Shoaib Makani
Founding year: 2013
Total equity funding raised: $717.3M
7. Vanta $150.0M
Round: Series D
Description: San Francisco-based Vanta is a trust management platform that automates compliance and risk management. Founded by Christina Cacioppo and Erik Goldman in 2018, Vanta has now raised a total of $503.0M in total equity funding and is backed by Pear VC, Sequoia Capital, South Park Commons, Craft Ventures, and Wellington Management.
Investors in the round: Atlassian Ventures, Craft Ventures, CrowdStrike, Goldman Sachs Growth Equity, JP Morgan Chase, Sequoia Capital, Wellington Management, Y Combinator
Industry: Artificial Intelligence (AI), Compliance, Cyber Security, Internet, Software
Founders: Christina Cacioppo, Erik Goldman
Founding year: 2018
Total equity funding raised: $503.0M
7. MaintainX $150.0M
Round: Series D
Description: San Francisco-based MaintainX provides a CMMS/EAM platform that streamlines maintenance, work orders, and asset management for industrial and frontline teams. Founded by Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengere-Gosselin, and Nick Haase in 2018, MaintainX has now raised a total of $253.8M in total equity funding and is backed by Bessemer Venture Partners, Bain Capital Ventures, D. E. Shaw & Co., Amity Ventures, and Sozo Ventures.
Investors in the round: Amity Ventures, August Capital, Bain Capital Ventures, Bessemer Venture Partners, D. E. Shaw & Co., Dave McJannet, Fifth Down Capital, Founders Circle Capital, Rahul Mehta, Sozo Ventures
Industry: Asset Management, B2B, Information Technology, Mobile, SaaS
Founders: Chris Turlica, Hugo Dozois-Caouette, Mathieu Marengere-Gosselin, Nick Haase
Founding year: 2018
Total equity funding raised: $253.8M
6. Observe $156.0M
Round: Series C
Description: San Mateo-based Observe offers an observability cloud solution to accelerate the transformation of troubleshooting applications and resolving incidents. Founded by Jacob Leverich, Jon Watte, Jonathan Trevor, Mike Speiser, and Philipp Unterbrunner in 2017, Observe has now raised a total of $463.0M in total equity funding and is backed by Alumni Ventures, Madrona, Human Capital, Evolution Equity Partners, and Snowflake Ventures.
Investors in the round: Alumni Ventures, Capital One Ventures, Madrona, Snowflake Ventures, Sutter Hill Ventures
Industry: Analytics, Business Information Systems, Data Integration, Information Technology, SaaS
Founders: Jacob Leverich, Jon Watte, Jonathan Trevor, Mike Speiser, Philipp Unterbrunner
Founding year: 2017
Total equity funding raised: $463.0M
5. Varda $187.0M
Round: Series C
Description: El Segundo-based Varda is a space manufacturing startup that creates products in microgravity and retrieves them for terrestrial use. Founded by Daniel Marshall, Delian Asparouhov, and Will Bruey in 2021, Varda has now raised a total of $328.0M in total equity funding and is backed by General Catalyst, Alumni Ventures, Khosla Ventures, Founders Fund, and Lux Capital.
Investors in the round: Also Capital, Caffeinated Capital, Founders Fund, Khosla Ventures, Lux Capital, Natural Capital, Shrug Capital
Industry: Aerospace, Manufacturing, Product Design
Founders: Daniel Marshall, Delian Asparouhov, Will Bruey
Founding year: 2021
Total equity funding raised: $328.0M
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4. OpenEvidence $210.0M
Round: Series B
Description: Cambridge-based OpenEvidence provides AI-powered medical search and clinical decision support. Founded by Daniel Nadler and Zachary Ziegler in 2021, OpenEvidence has now raised a total of $317.0M in total equity funding and is backed by Sequoia Capital, Thrive Capital, Kleiner Perkins, Conviction Partners, and Coatue.
Investors in the round: Coatue, Conviction Partners, GV, Kleiner Perkins, Sequoia Capital, Thrive Capital
Industry: Artificial Intelligence (AI), Clinical Trials, Medical, SaaS
Founders: Daniel Nadler, Zachary Ziegler
Founding year: 2021
Total equity funding raised: $317.0M
3. Ambience Healthcare $243.0M
Round: Series C
Description: San Francisco-based Ambience Healthcare develops an AI operating system used for documentation, coding, and clinical workflows in healthcare organizations. Founded by Michael Ng and Nikhil Buduma in 2020, Ambience Healthcare has now raised a total of $319.3M in total equity funding and is backed by Andreessen Horowitz, Oak HC/FT, Georgian, Kleiner Perkins, and Town Hall Ventures.
Investors in the round: Andreessen Horowitz, Founders Circle Capital, Frist Cressey Ventures, Georgian, Kleiner Perkins, Oak HC/FT, OpenAI Startup Fund, Optum Ventures, Smash Capital, Town Hall Ventures
Industry: Artificial Intelligence (AI), Health Care, Information Technology, Medical
Founders: Michael Ng, Nikhil Buduma
Founding year: 2020
Total equity funding raised: $319.3M
2. Replit $250.0M
Round: Series C
Description: Foster City-based Replit is the most secure agentic platform for production-ready apps. Founded by Amjad Masad, Faris Masad, and Haya Odeh in 2016, Replit has now raised a total of $472.0M in total equity funding and is backed by Andreessen Horowitz, South Park Commons, Khosla Ventures, Craft Ventures, and Y Combinator.
Investors in the round: Prysm Capital
Industry: Artificial Intelligence (AI), Cloud Computing, Developer Tools, Information Technology, Software
Founders: Amjad Masad, Faris Masad, Haya Odeh
Founding year: 2016
Total equity funding raised: $472.0M
2. Bilt Rewards $250.0M
Round: Venture
Description: New York-based Bilt Rewards is a payments and commerce network that allows users to earn points on rent and HOA payments payments. Founded by Ankur Jain and David Wyler in 2021, Bilt Rewards has now raised a total of $813.3M in total equity funding and is backed by General Catalyst, Wells Fargo, Fifth Wall, United Wholesale Mortgage, and Eldridge Industries.
Investors in the round: General Catalyst, GID, United Wholesale Mortgage
Industry: FinTech, Loyalty Programs, Real Estate, Rental Property
Founders: Ankur Jain, David Wyler
Founding year: 2021
Total equity funding raised: $813.3M
1. Ramp $500.0M
Round: Series E
Description: New York-based Ramp is a financial operations platform designed to save companies time and money Founded by Eric Glyman, Gene Lee, and Karim Atiyeh in 2019, Ramp has now raised a total of $1.8B in total equity funding and is backed by General Catalyst, Citi, Stripe, BoxGroup, and Sequoia Capital.
Investors in the round: 137 Ventures, 8VC, Altimeter Capital, Avenir, Citi, Coatue, D1 Capital Partners, Definition, Emerson Collective, Founders Fund, General Catalyst, GIC, GV, ICONIQ Capital, Khosla Ventures, Lightspeed Venture Partners, Lux Capital, Operator Collective, Pinegrove Capital Partners, Sands Capital Ventures, Sequoia Capital, Stripe, Sutter Hill Ventures, T. Rowe Price, Thrive Capital
Industry: Finance, Financial Services, FinTech
Founders: Eric Glyman, Gene Lee, Karim Atiyeh
Founding year: 2019
Total equity funding raised: $1.8B
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