AI Funding News: Week Ending 06.27

Welcome to Feed The AI

Apologies are in order. We had this newsletter to go, but it never went out! Thank you to Raghavendra, who let us know.

We sifted the term sheets so you can scan, skim, and brag about “seeing the deal” first at happy hour. Let’s roll. 🚀

🔥 Biggest AI Funding Rounds This Week:

» Funding Roundup

1. PhysicsX – $135 M Series B – London, UK – Industrial “physical-AI” simulations for engineering

2. Decagon – $131 M Series C – San Francisco, CA – Conversational AI agents for customer experience

3. Gensmo – $60 M+ Angel – New York, NY – AI fashion-shopping agents

4. Centific – $60 M Series A – Seattle, WA – AI data foundry/infrastructure

5. Mandolin – $40 M Growth – San Francisco, CA – Automating specialty-drug access

Quick take: Deep-tech infra (PhysicsX, Centific) and laser-focused agents (Gensmo, Decagon) grabbed the fattest checks.

📡 Signals – What This Week Tells Us:

1. Infra is eating the world (again). Physics-accurate sims, data foundries, and multimodal pipelines grabbed the fattest rounds. The AI stack is still very unfinished.

2. Vertical agents > horizontal chat. Gensmo (fashion), Mandolin (pharma), Klutch AI (construction) show VCs want purpose-built bots with clear payback.

3. Healthcare keeps printing term sheets. Arine, Jaan, Nephrolytics, VoiceCare AI—payers and providers finally have AI line items in budget.

4. Voice is back. In Wispr, SuperDial, and Spinwheel’s credit workflows, when typing is slow, investors say, “Talk to me.”

5. Credit, not equity, sneaks in. ZestyAI’s $15 M facility hints founders are hedging dilution as private-market multiples stay frosty.

🦄 Startups to Watch:

• Meridian – $7 M Seed • New York, NY AI-powered deal management, quietly winning over VCs and corp-dev teams.

• Flowstep – $2.6 M Seed • Tallinn, Estonia
  A Figma-style “AI canvas” that turns design specs into production-ready components—big productivity boost for product teams.

• Klutch AI – $8 M Seed • Seattle, WA
  Bringing AI scheduling, budgeting, and risk detection to construction projects, an industry that bleeds time and margin.

• DataBahn.ai – $17 M Series A • Dallas, TX
  Security-native data pipelines for modern workloads—think Snowflake meets Splunk for the SOC desk.

• Skyramp – $10 M Seed • San Francisco, CA
  Automated testing and debugging for engineering teams building on complex microservices—ship faster, break fewer things.

• Pangram – $4 M Seed • New York, NY
  Detects AI-generated text. With content authenticity becoming a compliance checkbox, demand could spike overnight.

🤝 Mergers & Acquisitions:

• Rubrik acquires Predibase – Open-source model tuning joins Rubrik’s cyber-recovery stack.

• Gravyty acquires Athlete Network – Higher-ed engagement SaaS muscles into alumni-athlete communities.

🤖 Beyond The Feed

📬 Enjoyed the intel?

See you next week.

Until then: ship fast, raise smart, stay curious.

Feed The AI