Ramp Hits $16B Valuation with $200M Series E, Anysphere Valued at $20B - AI Funding Brief #19

June 24, 2025 - AI Funding Brief
Hi there,

Welcome to this edition of the AI Funding Brief, where we delve into the latest funding and investment news in the AI business world. This week, Ramp has made headlines by securing $200 million in a Series E funding round, led by Founders Fund, which has elevated its valuation to $16 billion. The company, known for its AI-powered financial solutions, now serves over 40,000 customers. Meanwhile, Nabla has raised $70 million in Series C funding to enhance its AI assistant for clinical workflows, bringing its total funding to $120 million.

In other significant developments, Anysphere Inc., the creator of the AI code editor Cursor, has received venture capital offers valuing the company between $18 billion and $20 billion. The company, launched in 2023, has achieved over $500 million in annualized revenue and is used by more than half of Fortune 500 companies. Additionally, Voxel is expanding its workplace safety platform internationally after securing $44 million in Series B funding, addressing the global need for improved workplace safety through its computer vision AI technology.
Nabla Secures $70M in Series C for AI Clinical Workflows
On June 17, 2025, Nabla announced it has raised $70 million in Series C funding to enhance its AI assistant for clinical workflows, bringing total funding to $120 million. Read more
Anysphere Inc. Valued Up to $20 Billion by VC Offers
Anysphere Inc., creator of the AI code editor Cursor, has received venture capital offers valuing the company between $18 billion and $20 billion. The company has not actively sought funding, focusing instead on technology development. Read more
Voxel Expands AI Safety Platform Globally After $44M Funding
Voxel, a computer vision AI company, is expanding its workplace safety platform internationally after securing $44 million in Series B funding. The platform transforms existing security cameras into proactive safety solutions, addressing global workplace safety needs. Read more
Canary Technologies Secures $80M for Global Expansion
Canary Technologies has raised $80 million in Series D funding to boost its global presence and strengthen its leadership in AI-driven hotel technology. Read more
Sword Health Secures €34.6M for AI Mental Health Expansion
Portuguese startup Sword Health has secured €34.6 million in funding to expand its AI-driven mental health solution, Mind, with the aim of addressing the global mental health crisis. Read more
Maven AGI Secures $50 Million in Series B Funding
Maven AGI has raised $50 million in Series B funding led by Dell Technologies Capital to enhance its enterprise AI solutions. Read more
Neura Robotics Seeks €1 Billion for Humanoid Robots
Neura Robotics is aiming to raise up to €1 billion to support the launch of its humanoid robot. The company has already secured €120 million and has nearly $1 billion in orders from clients like Kawasaki Heavy Industries and Omron Corp. Read more
ADNOC to Boost US Investments to $440 Billion, Highlights AI
Abu Dhabi National Oil Company (ADNOC) plans to increase its investments in the United States to $440 billion over the next decade. The company identifies AI as a key investment opportunity alongside projects in liquefied natural gas, petrochemicals, and renewable energy. Read more
WeThinkCode Secures $2M from Google.org for AI Education
WeThinkCode has received $2 million from Google.org to improve AI education for 12,000 learners in South Africa and Kenya. The funding will support training in AI skills and enhance employment opportunities through 2026. Read more
China's Hybrid AI Chip and Muon Space's Funding
China has introduced a hybrid AI chip designed to improve computing efficiency while circumventing US technology restrictions. In a separate development, Muon Space has raised $146 million to enhance its satellite manufacturing and infrastructure. Read more
Ramp Secures $200 Million in Series E Funding
On June 17, 2025, Ramp announced a successful Series E funding round of $200 million, led by Founders Fund, elevating its valuation to $16 billion. Read more

Mergers & Acquisitions

TCTM Kids IT Education Inc. plans to acquire HopeAI Inc. to expand into AI in life sciences. Meta hires AI talent after its $32 billion bid for Safe Superintelligence was rejected. TDK Corporation acquires SoftEye, Inc. to enhance AI in smart glasses. Meta is in talks to hire AI investors and consider a partial buyout of NFDG.

IPO's & Market Moves

Caris Life Sciences has announced the pricing of its initial public offering of 23.5 million shares at $21.00 each. MiniMax, backed by Alibaba, is planning an IPO in Hong Kong, aiming for a valuation of $3 billion.

Startup Funding

Warp has raised $10 million to enhance its AI-powered freight network, while Typedef secured $5.5 million to aid AI deployment. HOPPR received $31.5 million for AI in medical imaging, and Bitloops raised €1 million for AI frontend tools. Droplet IV secured $2 million for its IV-line flushing device, RevelAi Health raised $3.1 million for musculoskeletal care AI, and Darwinz AI obtained $325,000 to enhance its marketing platform.

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