The Week’s 10 Biggest Funding Rounds: World-Model Startup Odyssey Leads With $310M In Slower Week For Large Deals
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This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding deal roundup here. This week was not an exceptionally busy one for large funding deals, though we saw sizable rounds in a lively mix of sectors ranging from AI to fintech to quantum computing, biotech and cybersecurity. The biggest raise was for AI world-model developer Odyssey, which secured a $310 million Series B. Venture investors also put money into AI infrastructure and AI models for biotech. 1. Odyssey, $310M, artificial intelligence: Menlo Park, California-based Odyssey raised $310 million at a $1.45 billion valuation in a Series B round led by Natural Capital. Other investors included Amazon, AMD Ventures, EQT, Google Ventures, IQT and SignalRank. Odyssey develops AI world models that create multimodal simulations of real-world environments. The startup has now raised $337 million in funding to date, per Crunchbase. 2. Chronograph, $140M, fintech: New York-based Chronograph secured a $140 million private equity round led by Sixth Street Growth. The company provides portfolio monitoring, reporting and diligence software for private capital investors, an increasingly important market as private assets continue to grow. The new raise, which it describes as growth capital, brings its total funding to date to $160 million, according to Crunchbase. 3.