Series B Funding Announcements

Axelera AI, a Netherlands-based semiconductor startup, secured $250 million in Series B funding to accelerate the development of its energy-efficient edge AI chips. The round was led by Innovation Industries and included new investors such as BlackRock and SiteGround Capital. The funds will be used to expand production of its 'Europa' AI inference chips and further develop its software stack.

Basis, an AI-driven accounting software startup, raised $100 million in a Series B round at a $1.15 billion valuation. The funding was led by Accel, with participation from GV (formerly Google Ventures), Lloyd Blankfein, and Khosla Ventures. Basis uses autonomous AI agents to handle multi-step accounting tasks tailored to each client.

Letter AI, a leading AI-native revenue enablement platform, secured a $40 million Series B funding round led by Battery Ventures, with participation from Y Combinator, Lightbank, Northwestern Mutual Future Ventures, and Stage 2 Capital. The funding will be used for product development, global team expansion, and accelerating go-to-market efforts.

Nimble, a web-search startup, announced a $47 million Series B round led by Norwest to expand its AI-driven platform that searches the web in real time, validates results, and structures them into queryable tables. The company integrates with major data-warehouse providers, allowing enterprises to blend live web data with internal repositories for various use cases.

Axelera AI, a Netherlands-based semiconductor startup, raised $250 million in Series B funding led by Innovation Industries, with participation from BlackRock and SiteGround Capital. The funding will accelerate the development of its energy-efficient edge AI chips.

Letter AI, an AI-native revenue enablement platform, secured a $40 million Series B funding round led by Battery Ventures, with participation from Y Combinator, Lightbank, Northwestern Mutual Future Ventures, and Stage 2 Capital. The funds will be used for product development, global team expansion, and accelerating go-to-market efforts.

Basis, an AI-driven accounting software startup, secured $100 million in a Series B round at a $1.15 billion valuation. The funding was led by Accel, with participation from GV (formerly Google Ventures), Lloyd Blankfein, and Khosla Ventures.

Uptiq, known for its AI platform tailored for document-heavy workflows in banks and credit unions, raised $25 million in a Series B round led by Curql. The funding will be used to deepen AI capabilities globally and expand infrastructure, including an AI research hub in India.

Origin, specializing in pelvic floor physical therapy, secured a Series B round backed by SJF Ventures. The funds will be invested to broaden care access, enhance AI capabilities, and support ongoing research and training.

Ecovia Bio, a Michigan-based biotechnology spinout, closed a Series B round to expand its manufacturing capacity for sustainable biopolymer ingredients. The funding is targeted at scaling production for its biodegradable gamma polyglutamic acid technology.