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After a quiet holiday week, investors were back in action dishing out big rounds to startups in robotics, biotech, healthcare and more. Half a dozen rounds hit nine figures — perhaps a good sign for startups for the rest of summer. 1.
Skild AI, $300M, robotics: The good year for robotics startups continued this week. Skild AI became the latest such startup to raise big, locking in a $300 million Series A led by Coatue, Lightspeed Venture Partners, SoftBank Group and Jeff Bezos, through his Bezos Expeditions. The funding brings the company to a valuation of $1.
5 billion. The Pittsburgh-based startup isn't building robots, however, it's building robot brains. The theory is that those brain models can then be used in a variety of robots and for different tasks — instead of just having one application.
It seems a lot of big-name investors agree with that strategy. 2. Element Biosciences, $277M, biotech: It's hard to get through a week without a big biotech raise, and this one's no different.
Element Biosciences raised more than $277 million in a Series D led by Wellington Management. The San Diego-based biotech startup is focused on developing DNA sequencing and multi-omics technology for research markets. Founded in 2017, the company has raised $678 million, per Crunchbase.
3. Regal, $250M, film: Regal, the second-largest movie theater chain in the U.S.
, makes the list this week after it secured $250 million to upgrade its locations. The company is looking to add to its 425 theaters across the country — with enhancements that include luxury recliners and other amenities. Regal is owned by Cineworld, which emerged from bankruptcy with a financial restructuring process last year.
Investors were not disclosed. 4. (tied) HarmonyCares,.
.. Chris Metinko.
