It’s Friday, July 11, 2025, and we’re again together with your prime startup and tech funding news roundup for the week ending July 11. This week wrapped up with a powerful flurry of enterprise exercise throughout sectors that continues to reshape the worldwide tech panorama. From AI infrastructure and in-space manufacturing to fintech, vogue logistics, and deep mathematical reasoning, traders aren’t simply writing checks—they’re backing firms rewriting the foundations of their industries.
Standout rounds embody iCapital’s $820 million increase to digitize entry to options, XPANCEO’s $250 million guess on augmented actuality lenses, and Varda’s $187 million push to fabricate prescribed drugs in orbit. We additionally noticed main strikes in safe information sharing, enterprise automation, and embedded stablecoin infrastructure, reflecting investor conviction in platforms that mix scalability with defensibility.
Investor Exercise
Heavyweights like Basic Catalyst, Kleiner Perkins, Bessemer Enterprise Companions, Sequoia Capital, Founders Fund, Paradigm, and T. Rowe Worth stayed busy throughout early and late-stage rounds. Strategic backers and crossover funds additionally made notable appearances, particularly in sectors like AI, safety, and next-gen computing.
Under is the complete breakdown of the highest 10 startup and tech funding offers introduced this week—full with firm overviews, traders, and deal phrases.
iCapital Secures $820 Million to Develop Various Funding Platform
iCapital, a fintech platform for different investments, has raised an $820 million funding spherical at a valuation above $7.5 billion to gasoline its subsequent part of development. The New York-based firm’s platform allows wealth managers and traders to entry non-public market and different property by means of a unified digital interface.
The newest infusion, co-led by SurgoCap Companions and T. Rowe Worth, noticed participation from current backers together with Temasek, UBS, and BNY Mellon. Based in 2013, iCapital has grown quickly (buying over 20 firms alongside the way in which) and plans to make use of the brand new capital for strategic acquisitions, worldwide growth, and additional funding in its expertise as demand for “wealthtech” options continues to rise.
Funding Particulars:
- Startup: iCapital
- Buyers: SurgoCap Companions and T. Rowe Worth (co-leads); Temasek, UBS, BNY Mellon (amongst others)
- Quantity Raised: $820 million
- Whole Raised: ~$1.5 billion (thus far)
- Funding Stage: Not disclosed (late-stage)
- Funding Date: July 10, 2025
Bilt Rewards Baggage $250 Million, Triples Valuation in Housing Fintech Push
Bilt, a fintech loyalty platform that lets renters earn factors on housing funds, has raised $250 million in new funding at a $10.75 billion valuation. The spherical was led by Basic Catalyst and actual property funding agency GID, with participation from United Wholesale Mortgage, and greater than tripled Bilt’s valuation from its earlier spherical in 2024.
Based in 2021 and based mostly in New York, Bilt provides a co-branded bank card and rewards program enabling customers to earn factors on lease, which could be redeemed for journey, health lessons, residence décor, and even a future residence down cost. With this large injection of capital, Bilt is increasing its platform past lease to embody condos, home-owner affiliation charges, pupil housing, and mortgage funds. The corporate can be rolling out new bank card choices (together with a no-annual-fee card and premium tiers) because it evolves right into a broader housing and neighborhood commerce community.
Funding Particulars:
- Startup: Bilt Rewards
- Buyers: Basic Catalyst (lead), GID (lead); participation from United Wholesale Mortgage
- Quantity Raised: $250 million
- Whole Raised: $813 million
- Funding Stage: Sequence D (late-stage)
- Funding Date: July 10, 2025
XPANCEO Raises $250 Million Sequence A for AR Contact Lens Interfaces
XPANCEO, a Dubai-based deeptech startup growing AI-powered good contact lenses, secured $250 million in a Series A round at a $1.35 billion valuation. The funding was led by Alternative Enterprise Asia, which had additionally led XPANCEO’s earlier $40 million seed spherical, signaling robust continued assist. XPANCEO’s imaginative and prescient is to interchange smartphones and conventional wearables with seamless augmented-reality contact lenses that overlay digital info instantly onto the consumer’s discipline of view.
Co-founded by Roman Axelrod and Dr. Valentyn Volkov, the corporate is constructing these next-gen wearable interfaces to permit customers to work together with digital content material hands-free. The brand new capital will speed up XPANCEO’s efforts to commercialize its expertise — increasing international R&D and manufacturing groups, progressing regulatory approvals, and launching pilot deployments — because the startup strikes nearer to bringing its futuristic interface to market.
Funding Particulars:
- Startup: XPANCEO
- Buyers: Alternative Enterprise Asia (lead); (earlier seed backer, with no further traders disclosed publicly for this spherical)
- Quantity Raised: $250 million
- Whole Raised: $290 million (approximate)
- Funding Stage: Sequence A
- Funding Date: July 2025 (Week of July 7–11, 2025)
Varda Area Industries Lands $187 Million for In‑Area Pharma Labs
Varda Space Industries, a California-based startup pioneering in-space pharmaceutical manufacturing, has raised $187 million in a Series C round to scale its orbital lab capabilities and hypersonic reentry expertise. The spherical was co-led by Pure Capital and Shrug Capital, with notable participation from Founders Fund (co-founded by Peter Thiel), Khosla Ventures, Caffeinated Capital, Lux Capital, Additionally Capital, and even Thiel himself.
Varda has already accomplished three capsule launch-and-return missions — together with two profitable recoveries earlier this yr — which examined microgravity drug crystallization processes and demonstrated the startup’s reentry methods. With the brand new funding, Varda plans to extend the frequency of its spaceflights and construct out what may very well be the world’s first business microgravity-enabled drug manufacturing facility in orbit. The corporate is hiring pharmaceutical researchers (similar to structural biologists and crystallization scientists) because it goals to ship the primary drug formulations made in house, an unusual intersection of aerospace and biotech with big strategic potential.
Funding Particulars:
- Startup: Varda Area Industries
- Buyers: Pure Capital and Shrug Capital (co-leads); Founders Fund, Peter Thiel, Khosla Ventures, Caffeinated Capital, Lux Capital, Additionally Capital
- Quantity Raised: $187 million
- Whole Raised: $329 million
- Funding Stage: Sequence C
- Funding Date: July 11, 2025
MaintainX Will get $150 Million to Double Down on AI for Operations
MaintainX, a San Francisco-based startup providing an AI-driven upkeep and asset administration platform, has raised $150 million in a Series D funding round that values the corporate at $2.5 billion. The spherical was co-led by Bessemer Enterprise Companions and Bain Capital Ventures, and brings MaintainX’s whole funding to about $254 million thus far. MaintainX’s software program helps industrial and frontline groups digitize their work orders, observe tools efficiency, and leverage machine studying to foretell and stop failures, remodeling upkeep from a guide, reactive activity right into a proactive, data-driven operate.
The brand new financing will likely be used to boost the platform’s AI and machine well being monitoring capabilities (together with extra IoT sensor integrations), develop predictive upkeep options, and broaden into further industries and international markets. MaintainX is positioning itself as a pacesetter within the digital transformation of operations administration, aiming to save lots of firms billions by lowering unplanned downtime and enhancing effectivity.
Funding Particulars:
- Startup: MaintainX
- Buyers: Bessemer Enterprise Companions (co-lead), Bain Capital Ventures (co-lead); D.E. Shaw, Amity Ventures, August Capital, Founders Circle, Sozo Ventures, and others
- Quantity Raised: $150 million
- Whole Raised: $254 million
- Funding Stage: Sequence D
- Funding Date: July 9, 2025
Harmonic AI Snags $100 Million Sequence B to Construct “Math Superintelligence”
Harmonic AI, a synthetic intelligence startup co-founded by Robinhood CEO Vlad Tenev, secured $100 million in a Series B round to advance its mission of fixing advanced mathematical issues with AI. The Palo Alto-based firm’s newest funding was led by Kleiner Perkins with participation from Paradigm and Ribbit Capital, alongside continued assist from current traders Sequoia Capital and Index Ventures.
Harmonic’s flagship AI mannequin, dubbed Aristotle, is designed to deal with superior math, physics, and pc science issues that stump at present’s general-purpose AI methods, utilizing formal verification strategies to make sure every step of reasoning is logically appropriate. The brand new capital values Harmonic at roughly $875 million and can assist the corporate speed up the event and launch of Aristotle to researchers and the general public later this yr.
By specializing in “math-first” AI and eliminating the hallucination points of huge language fashions, Harmonic goals to realize breakthroughs on unsolved equations and create a basis for extra reliable AI in high-stakes domains.
Funding Particulars:
- Startup: Harmonic AI
- Buyers: Kleiner Perkins (lead); Paradigm, Ribbit Capital; current backers Sequoia Capital and Index Ventures
- Quantity Raised: $100 million
- Whole Raised: $175 million (approximate)
- Funding Stage: Sequence B
- Funding Date: July 11, 2025
Agora Banks $50 Million to Scale Stablecoin Infrastructure Platform
Agora, a startup constructing white-label stablecoin infrastructure, has raised $50 million in a Sequence A funding spherical to assist companies launch their very own digital currencies. The spherical was led by crypto enterprise large Paradigm, with participation from Dragonfly Capital, and boosts Agora’s whole financing to roughly $62 million (together with its prior seed increase). Agora gives a full-stack platform that enables fintechs, exchanges, and enterprises to difficulty branded U.S. greenback stablecoins shortly with out having to construct the advanced blockchain, compliance, and liquidity methods from scratch.
The New York-based firm, co-founded by Nick van Eck (son of the CEO of asset supervisor VanEck) and former Coinbase engineers, introduced the funding alongside the launch of its enterprise stablecoin resolution, which allows firms to spin up their very own regulated stablecoins inside days. With the brand new capital, Agora plans to deepen the mixing between on-chain digital {dollars} and conventional banking infrastructure, whereas providing companions options like shared yield from reserve property and international on/off-ramps. The funding underscores rising institutional demand for stablecoin tech because the $250+ billion stablecoin market continues to broaden towards mainstream finance.
Funding Particulars:
- Startup: Agora
- Buyers: Paradigm (lead); Dragonfly Capital (current investor persevering with participation)
- Quantity Raised: $50 million
- Whole Raised: $62 million
- Funding Stage: Sequence A
- Funding Date: July 11, 2025
RealSense Spins Out of Intel with $50 Million for AI Imaginative and prescient Tech
RealSense, a pioneer in AI-powered pc imaginative and prescient beforehand a part of Intel Corp., has accomplished a spinout as an unbiased firm and raised $50 million in Series A funding to speed up its development. The funding was led by an undisclosed semiconductor-focused non-public fairness agency and included strategic participation from Intel Capital and the MediaTek Innovation Fund.
RealSense is well-known for its 3D depth-camera expertise, which is embedded in a majority of the world’s autonomous cell robots and has functions starting from robotics and industrial automation to biometric safety and augmented actuality. Below CEO Nadav Orbach, the San Francisco-area firm will use the brand new funding to scale up its manufacturing, gross sales, and go-to-market globally, and to broaden into rising markets and product strains.
As an unbiased entity, RealSense plans to maneuver quicker in innovating next-generation imaginative and prescient methods for humanoid robots, AI-driven surveillance and entry management, and different “bodily AI” functions – all whereas persevering with to assist its current buyer base and product roadmap inherited from Intel.
Funding Particulars:
- Startup: RealSense
- Buyers: Famend semiconductor non-public fairness agency (lead, title not disclosed); Intel Capital; MediaTek Innovation Fund
- Quantity Raised: $50 million
- Whole Raised: $50 million (as a spinout)
- Funding Stage: Sequence A
- Funding Date: July 11, 2025
Virtru Locks Down $50 Million to Advance Information Safety Platform
Virtru, a Washington, D.C.-based information safety and privateness startup, has raised $50 million in Sequence D funding to scale its enterprise information safety platform. The spherical was led by Iconiq Capital, with participation from current traders together with Bessemer Enterprise Companions, Foundry Capital, and the Chertoff Group. This newest funding doubles Virtru’s valuation to roughly $500 million and comes as organizations search higher management over delicate info within the age of AI and cloud collaboration.
Based in 2012 by brothers John and Will Ackerly (one an ex-NSA engineer), Virtru is thought for its Trusted Information Format (TDF) expertise, which permits firms and authorities companies to encrypt information and emails and preserve management over who can entry them, even after sharing. Virtru’s platform integrates with instruments like Google Workspace and Microsoft 365 to allow end-to-end encryption, granular permissions, and audit trails for information.
With the brand new funding, Virtru plans to speed up growth of safety options for AI/ML information workflows and strengthen its place as a pacesetter in data-centric safety requirements, catering to each business enterprises and protection/authorities purchasers that require zero-compromise information sharing.
Funding Particulars:
- Startup: Virtru
- Buyers: Iconiq Capital (lead); Bessemer Enterprise Companions, Foundry Capital, The Chertoff Group
- Quantity Raised: $50 million
- Whole Raised: $150 million+
- Funding Stage: Sequence D
- Funding Date: July 11, 2025
Apolink Raises $4.3 Million Seed to Hold Satellites Related 24/7
Apolink, a space-tech startup based by 19-year-old entrepreneur Onkar Singh Batra, has raised $4.3 million in an oversubscribed seed spherical to develop a real-time connectivity community for low Earth orbit satellites. Backed by Y Combinator, 468 Capital, Unshackled Ventures, Insurgent Fund, Maiora Ventures, and different angels, the brand new funding values Apolink at $45 million post-money.
The Y Combinator-backed startup — previously often called Bifrost Orbital — is tackling the issue of intermittent “useless zones” in satellite tv for pc communications. Immediately, satellites typically lose contact after they don’t have line-of-sight to a floor station, however Apolink is constructing a constellation of relay satellites geared up with a hybrid RF and optical laser communications system to offer steady 24/7 protection.
By guaranteeing that every satellite tv for pc in orbit can all the time hyperlink to the community, Apolink goals to allow fixed information circulation for Earth commentary, telecom, and protection satellites. With the seed funding, the group will speed up growth of its relay expertise and put together for in-space demonstrations, bringing the trade nearer to uninterrupted international satellite tv for pc connectivity as companies like NASA transfer towards counting on business networks for house communications.
Funding Particulars:
- Startup: Apolink
- Buyers: Y Combinator, 468 Capital, Unshackled Ventures, Insurgent Fund, Maiora Ventures; notable angels together with Laura Crabtree (Epsilon3 CEO), Benjamin Bryant (Pebble co-founder), Kanav Kariya (Soar Crypto President)
- Quantity Raised: $4.3 million
- Whole Raised: $4.3 million
- Funding Stage: Seed Spherical
- Funding Date: July 11, 2025
Funding Abstract Desk:
| Startup | Buyers (Lead and notable traders) | Quantity Raised | Whole Raised | Funding Stage | Funding Date |
|---|---|---|---|---|---|
| iCapital | SurgoCap Companions, T. Rowe Worth (co-leads); Temasek, UBS, BNY Mellon | $820 million | ~$1.5 billion | Not disclosed (Late-stage) | July 10, 2025 |
| Bilt Rewards | Basic Catalyst (lead), GID (lead); United Wholesale Mortgage | $250 million | $813 million | Sequence D | July 10, 2025 |
| XPANCEO | Alternative Enterprise Asia (lead) | $250 million | ~$290 million | Sequence A | July 2025 (Week 28) |
| Varda Area | Pure Capital, Shrug Capital (co-leads); Founders Fund, Peter Thiel, Khosla, Lux, and so on. | $187 million | $329 million | Sequence C | July 11, 2025 |
| MaintainX | Bessemer Enterprise Companions (co-lead), Bain Capital Ventures (co-lead); D.E. Shaw, and so on. | $150 million | $254 million | Sequence D | July 9, 2025 |
| Harmonic AI | Kleiner Perkins (lead); Paradigm, Ribbit; Sequoia, Index (current) | $100 million | ~$175 million | Sequence B | July 11, 2025 |
| Agora | Paradigm (lead); Dragonfly Capital | $50 million | $62 million | Sequence A | July 11, 2025 |
| RealSense | [Undisclosed Semiconductor PE] (lead); Intel Capital; MediaTek Innovation Fund | $50 million | $50 million | Sequence A | July 11, 2025 |
| Virtru | Iconiq Capital (lead); Bessemer, Foundry, Chertoff Group | $50 million | $150 million+ | Sequence D | July 11, 2025 |
| Apolink | Y Combinator, 468 Capital, Unshackled Ventures, Insurgent Fund, Maiora (seed backers) | $4.3 million | $4.3 million | Seed Spherical | July 11, 2025 |
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