Funding Wrap of the Week | North American Startups Funding Roundup | March 3 – March 8

North American Startups raised capital in order to expand and move into more successful. Here is this week’s Top 10 North American Startups Funding Roundup.

The Top 10 North American Startups Funding Roundup of This Week

Alumis

Alumis Inc., a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to transform the lives of patients with immune-mediated diseases Secures an upsized $259Million in Series C Round Funding.

The financing was co-led by existing investor, Foresite Capital, and new investors, Samsara BioCapital and venBio Partners, with additional participation from new investors Cormorant Asset Management, SR One, Lilly Asia Ventures, Nextech, Ally Bridge Group, HBM Healthcare Investments, Omega Funds, Piper Heartland Healthcare and existing investors AyurMaya, an affiliate of Matrix Capital Management and a U.S.-based healthcare-focused fund. Srinivas Akkaraju, M.D., Ph.D., Founder and Managing General Partner of Samsara BioCapital, and Richard Gaster, M.D., Ph.D., Managing Partner at venBio Partners, will join Alumis’ Board of Directors.

Alumis is a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to optimize outcomes and transform the lives of patients with immune-mediated diseases.

Sionna Therapeutics

Sionna Therapeutics, a clinical-stage life sciences company dedicated to developing highly effective and differentiated treatments for cystic fibrosis (CF). MA-based Sionna Therapeutics secures $182million in series C round funding.

 The Series C round, which was upsized and oversubscribed, was led by Enavate Sciences with additional new investors Viking Global Investors and Perceptive Advisors, as well as participation by all existing investors including RA Capital, OrbiMed, TPG’s The Rise Fund, Atlas Venture, the Cystic Fibrosis Foundation, funds and accounts advised by T. Rowe Price Associates, Inc., and Q Healthcare Holdings, LLC., a wholly owned subsidiary of QIA. Sionna also announced today that Edd Fleming, M.D., Executive Vice President of Commercialization at Enavate Sciences, is joining its Board of Directors.

Sionna Therapeutics is a clinical-stage life sciences company dedicated to developing highly effective and differentiated treatments for cystic fibrosis (CF) by normalizing the function of CFTR, the key protein associated with disease progression in CF.

Rakuten Medical

Rakuten Medical, Inc., a global biotechnology company developing and commercializing precision, cell targeting therapies based on its proprietary Alluminox™ platform. CA-based Rakuten Medical secures $119million in series E round funding.

One of the major investors in this Series E Financing is Hikma Pharmaceuticals PLC (“Hikma”), a global pharmaceutical company headquartered in the UK, with a local presence across the MENA region, North America and Europe.

Other major investors include existing investors such as Rakuten Group, Inc., a global internet services company and its Chairman and CEO, Mickey Mikitani, and SBI Group, a leading venture capital firm in Japan, as well as new investors Mizuho Bank, Ltd. and the Dai-ichi Life Insurance Company, Limited, leading Japanese financial institutions.

Overjet

MA-based Overjet secures $53.2million in series C round funding. the largest investment ever in artificial intelligence for dentistry. The historic round was led by March Capital, with participation from General Catalyst, Insight Partners, E14 Fund, Crosslink Capital, Spring Rock Capital, Liquid 2 Ventures, and Harmonic Growth Partners, as well as the American Dental Association.

Overjet is the world-leader in dental AI. Founded by experts from MIT and Harvard University, it builds artificial intelligence that helps dental organizations give patients the highest quality of care.

Taalas Inc.

Taalas Inc. an innovator in AI and silicon is secures $50million over two rounds of funding led by Pierre Lamond and Quiet Capital. Taalas was founded by Ljubisa Bajic, Drago Ignjatovic, and Lejla Bajic.

Prior to co-founding Taalas, Ljubisa founded Tenstorrent in 2016. Drago and Lejla joined Tenstorrent soon after as early engineering leaders.

Baseten

Baseten secures $40million in series B round funding. Leading the round were IVP and Spark Capital, with participation from Greylock, South Park Commons, Lachy Groom, and Base Case, among other current investors.

At Baseten, they offer all the necessary infrastructure for the effective, scalable, and economical deployment and serving of machine learning models. Get going in a matter of minutes and stay out of trouble with convoluted deployment procedures.

Shape Memory Medical Inc.

Shape Memory Medical Inc. Secures $38million in series C round funding. This round was led by Earlybird Venture Capital and with the participation of new and existing investors, including HBM Healthcare Investments (Cayman) Ltd., WexMed II LLC, HBM-Medfocus LLC, and Emergent Medical Partners II, L.P..

Shape Memory Medical Inc. is dedicated to developing innovative therapeutic solutions with its proprietary shape memory polymers, with devices approved in more than 25 countries spanning regions in Asia, the Middle East, Europe, the Americas and Australia.

Defense Unicorns

Defense Unicorns secures $35million in series A round funding. Sapphire Ventures and Ansa Capital lead the financing. The organization plans to extend and improve its skills that are mission-focused with the help of the finances.

The platform technologies that Defense Unicorns specializes in allow for the quick and dependable delivery of capabilities in a variety of mission and technical domains. 

CARiD

CARiD secures $35million in funding. The bulk of CARiD was purchased by Fifth Star, Inc., an operator of consumer and consumer-related technology companies.

For all of your car needs and projects, CARiD has the most extensive product portfolio and skilled team to assist you. From routine vehicle repairs and maintenance to performance builds and upgrades.

io.net

io.net secures $30million in series A round funding. With participation from Multicoin Capital, 6th Man Ventures, OKX Ventures, Solana Ventures, Aptos Labs, Delphi Digital, and The Sandbox, Hack VC led the round.

By assembling one million GPUs to create the largest GPU colony and DePIN in the world, io.net facilitates the creation, implementation, and expansion of machine learning applications on the Solana Blockchain.

In various North American Startups Funding Roundup, these startups raised funding from venture capitalists and angel investors, and secured place in the Top 10 North American Funding of this Week.