February was another big month for startup funding and investments. To even make the top funding list, a company had to raise at least $200 million. Several industries led the way, including defense tech, cybersecurity, AI, and robotics.
Here’s a look at the biggest startup funding rounds of February 2025.
Saronic Secures $600M for Autonomous Defense Vessels
Saronic, a startup that builds autonomous surface vessels, raised $600 million in a Series C round. The investment was led by Elad Gil and valued the company at $4 billion.
This is a massive leap from just seven months ago, when Saronic raised $175 million at a $1 billion valuation in a Series B round led by Andreessen Horowitz. The new funds will help Saronic expand its operations by building a new shipyard, Port Alpha, in Austin, Texas.
Saronic’s autonomous surface vehicles serve as water-based drones for the U.S. Navy. The Austin-based company was founded in 2022 and has now raised $845 million, according to Crunchbase.
NinjaOne Raises $500M for Cybersecurity Growth
NinjaOne, a leading endpoint management and cybersecurity firm, raised $500 million in Series C extensions at a $5 billion valuation.
This new funding more than doubled its valuation in just one year. The round was backed by Iconiq Growth and Google’s CapitalG, along with other investors.
The need for endpoint security has grown as more people work remotely, using different networks and devices. Founded in 2013, NinjaOne has now raised $762 million, according to Crunchbase.
Lambda Raises $480M for AI Computing Power
Lambda, a cloud computing and hardware provider for AI training, secured $480 million in a Series D round. Investors included Andra Capital, SGW, and Nvidia.
Nvidia’s involvement highlights Lambda’s importance in the AI industry. The company provides high-performance GPUs, which are in high demand for AI model training.
Lambda’s new valuation wasn’t disclosed, but Reuters reported it at $2.5 billion post-money. This comes just a year after Lambda achieved unicorn status with a $320 million Series C at a $1.5 billion valuation.
Eikon Therapeutics Raises $351M In Startup Funding for Drug Discovery
Eikon Therapeutics, a biotech startup based in Hayward, California, secured $351 million in a Series D round. Investors included Lux Capital and Alexandria Venture Investments.
The company uses super-resolution microscopy to study how drugs affect live cells. This approach could speed up drug discovery and development.
Since its founding in 2019, Eikon has raised $1.1 billion, making it one of the most well-funded biotech startups in recent years.
A Look At Apptronik’s $350 Million Startup Funding Round
Apptronik, an AI-powered robotics company based in Austin, Texas, raised $350 million in a Series A round. The investment was co-led by B Capital and Capital Factory, with participation from Google.
The company is developing Apollo, a humanoid robot designed for industrial work. Apptronik has already partnered with NASA and Nvidia to advance robotic technology.
Founded in 2016, the company had previously raised only $28 million, making this a significant leap forward.
Together AI Raises $305M for AI Development Tools
Together AI, which provides a cloud platform for building AI models, secured $305 million in funding. The round was led by General Catalyst and Saudi Arabia’s Prosperity7 Ventures, bringing the company’s valuation to $3.3 billion.
The startup has seen rapid growth. Just last year, it was valued at $1.25 billion after raising $106 million from Salesforce Ventures.
Together AI has now surpassed $100 million in annualized revenue, up from $30 million last February, according to Bloomberg.
Harvey Raises $300M for AI-Powered Legal Tech
Harvey, a legal tech startup using AI to assist lawyers, secured $300 million in a round led by Sequoia Capital. The funding valued the company at $3 billion.
The company builds AI tools for legal research, document review, and contract analysis. Just seven months ago, it raised $100 million in a Series C round led by GV, with backing from OpenAI, Kleiner Perkins, and Sequoia.
Founded in 2022, Harvey has now raised $506 million, according to Crunchbase.
Abridge Secures $250M for AI Medical Documentation
Abridge, a Pittsburgh-based healthcare AI company, raised $250 million in a funding round led by Elad Gil and IVP.
The company uses AI to automate clinical notes and medical documentation, helping doctors and healthcare providers save time and improve accuracy.
Although the valuation was not disclosed, Fortune reported that Abridge is now valued at $2.75 billion post-money. Since its founding in 2018, the company has raised $458 million.
Other Notable Startup Funding Rounds
- QuEra Computing – A quantum computing startup in Boston raised $230 million from SoftBank’s Vision Fund and Google Quantum AI.
- XOi Technologies – A field service technology company in Nashville secured $230 million to acquire Specifx Data, a company focused on equipment data enrichment.
- Abcuro – A biotech company in Massachusetts raised $200 million in a Series C round to develop new treatments for autoimmune diseases and cancer.
- Verkada – A San Mateo-based security company raised $200 million to expand its AI-powered security systems.
Biggest Global Startup Funding Round
The largest funding round outside the U.S. came from Canada.
- StackAdapt, a Toronto-based AI-driven advertising platform, raised $235 million in a growth round led by Teachers’ Venture Growth.
Final Thoughts on February’s Startup Investments
This month’s biggest startup funding rounds highlight strong investor confidence in AI, robotics, cybersecurity, and biotech. Many of these startups are focused on cutting-edge innovations that could transform industries in the coming years.
With massive funding rounds like these, the startup ecosystem continues to thrive, pushing technology forward at an unprecedented pace.
