Weekly Download #3

Cursor's coding craze: This AI tool just raised $900M at a $9.9B valuation, proving that devs will pay for AI that can write decent code.

M&A is back & VC funding is down: Startup M&A surged to a monthly high of $24.7B, while May venture funding dropped 13%.

OpenAI's buying binge of $9.5B: And other AI startups also continue to hog the spotlight with $5.9B in fresh cash.

Circle IPOed and surged 48%: On its second day of trading, it hit $123.49, valuing the stablecoin issuer at $ 32.1 B.

Don’t sleep on Latam: Nascent VC just raised Fund II (7x larger than the first fund), targeting early LatAm startups.

HubSpot AI Summit: I’m heading to HubSpot on June 11, an invite-only event featuring top AI founders, operators, and investors. Want to join? Apply here!

Caffeine & Capital: We'll be hosting another morning event on June 18 for more coffee and conversations in over a week. Sign up on Luma!

WorkTech Pitch Night: Join us on June 30 for an exciting pitch night featuring hot startups revolutionizing work productivity, hiring, and performance. Sign up on Luma!

OpenAI led the shopping spree for Sir Jony Ive’s hardware startup, Io ($6.5B), and coding startup, Windsurf ($3B)

DoorDash scooped up SevenRooms ($1.2B), a hospitality tech startup

DataBricks acquired Postgres database Neon ($1B)

Archil: Raised $6.7M Seed led by Felicis for infinitely scalable shareable volume storage.

Ciroos: Raised $21M Seed led by Energy Impact Partners to build AI agents that find and fix software errors.

Console: Raised $6.2M Seed led by Thrive Capital to automate routine IT help-desk tasks.

Infisical: Raised $16M Series A led by Elad Gil for open-source secret-management solutions.

Sylphai: Raised $2.1M Pre-seed to streamline early-stage startup processes with AI.

Thread AI: Raised $20M Series A led by Greycroft for a composable infrastructure platform.

Impart Security: Raised $12M Series A led by Madrona for enterprise API security.

MIND Security: Raised $30M Series A led by Paladin Capital and Crosspoint Capital for proactive AI cyber-defense.

NightVision: Raised $6.9M Seed to help companies address software-security vulnerabilities.

3Jane: Secured $5.2M Seed led by Paradigm to create a yieldcoin backed by credit lines.

AgentSmyth: Raised $8.7M Seed led by FinTech Collective and Thomson Reuters Ventures for AI-driven financial services.

Avantis: Raised $8M Series A co-led by Founders Fund and Pantera Capital to enable leveraged trading of crypto and real-world assets.

CampNetwork: Raised $30M Series A led by 1kx and Blockchain Capital to modernize intellectual-property infrastructure.

Clara: Raised $3.1M Seed from Torch Capital, Virtue, and Y Combinator for complete expense-management solutions.

HeyElsa: Raised $3M Pre-seed led by M31 Capital to be your AI crypto co-pilot.

Franklin: Raised $1M Seed for financial tools tailored to e-commerce businesses.

Limited: Raised $7M Seed led by North Island Ventures for stablecoin-based banking with self-custody.

OatFi: Raised $24M Series A led by White Star Capital to embed working capital in platforms.

RetroRate: Raised $2.2M Seed led by Swift Ventures to help real-estate professionals.

Sahara Lab: Raised $6M Seed led by Polychain Capital, Pantera, and YZi Labs to create decentralized AI infrastructure.

ByTeams: Raised $1.07M Pre-seed from 10vc to streamline team management and collaboration.

Mixus: Raised $2.6M Seed co-led by Hannah Grey VC and Verissimo Ventures, to optimize AI-human workflows.

Interactly.ai: Raised $750K Pre-seed led by Afore Capital for AI-powered customer engagement.

Solidroad: Raised $6.5M Seed led by First Round Capital to coach customer-service agents with AI.

Meahana: Raised an undisclosed Pre-seed to facilitate smarter meetings with AI-driven preparation.

Rally UXR: Raised $11M Series A led by Canapi Ventures to revolutionize user-research insights.

Pickle: Raised $4.4M Seed led by Bass Investment to ease the challenging job of unloading trailers.

ProjectMark: Raised $2.55M Seed to modernize collaborative project management in construction.

Ephanti: Raised $200K Pre-seed to transform customer engagement.

Nectar Social: Raised $10.6M Pre-seed and Seed led by True Ventures and GV for an AI social-commerce platform.

OBT Live: Raised $2.6M Series A led by Praetura Ventures to enhance user engagement and retention.

PIN AI: Raised $10M Pre-seed led by a16z CSX and Hack VC to unlock personalized AI services.

Rosebud: Raised $6M Seed led by Bessemer Venture Partners for generative-AI storytelling tools.

Up ’n Go: Received $2.065M Pre-seed to provide QR pay-at-table solutions.

Amperos Health: Raised $4.2M Seed led by Uncork Capital for AI-powered medical billing.

Canid: Raised $10M Series A led by Telescope Partners to streamline pediatric-vaccine management.

MyLaurel: Raised $12M Series A led by Deerfield Management and GV to advance patient-centered digital healthcare.

Salvo Health: Raised $4M Seed led by Alumni Ventures for virtual inflammatory-condition care.

Coral Vita: Raised $8M Series A led by Builders Vision to advance high-tech coral-reef restoration.

LuminX: Raised $5.5M Seed for an AI-driven warehouse operations platform.

Obvio: Raised $22M Series A led by Bain Capital Ventures to develop AI-powered traffic cameras.

Toma: Raised $17M Series A led by a16z for AI voice agents tailored to automotive dealerships.

Veris AI: Raised $8.5M Seed co-led by Acrew Capital and Decibel Partners for simulation-based training environments.

We found 41 early-stage funding deals totaling over $377M.

Breakdown: 14 Series A, 19 Seed, 8 Pre-seed rounds that we found.

AI-focused companies represented more than 40% of all deals; enterprise infrastructure and healthcare were the next most active.

Wednesday and Thursday had the highest concentration of announcements.