Illustration: Brendan Lynch/Axios
Venture Capital
• Path Robotics, a Columbus, Ohio-based manufacturing robotics developer, raised $300m in Series E funding at a $2.45b post-money valuation. Georgian led, joined by D. E. Shaw Ventures, NAVER Ventures, and insiders Addition, Drive Capital, IronArc Ventures, Tiger Global, and Yamaha Motor Ventures. Go deeper
• Blue J, a Toronto-based tax research and advisory platform, raised US$176m in Series E funding at a $700m-plus valuation. JMI Equity led, joined by Oak HC/FT, Sapphire Ventures, and Intrepid Growth Partners. Go deeper
• Graphon Labs, an SF-based agentic AI lab, raised $35m in Series A funding. RRE Ventures led, joined by HP, Energy Impact Partners, Hitachi Ventures, and Gaia VC. Go deeper
🚑 Zus Health, a Boston-based patient information platform, raised $33m in Series B funding. Drive Capital led, joined by Sanofi Ventures, HealthX Ventures, Alumni Ventures, a16z, F-Prime, Maverick Ventures, and JAZZ Venture Partners. Go deeper
⚡️Finite State, a Columbus, Ohio-based developer of supply chain risk management software, raised $27m in Series C funding. The O.H.I.O. Fund led, joined by CIBC Innovation Banking, Energy Impact Partners, Energize Capital, and National Grid Partners. Go deeper
• WhiteMatter, an SF-based agentic security startup, raised $20m in Series A funding. Blumberg Capital led, joined by Crew Capital and Sprout & Oak. Go deeper
🚑 Froncort.AI, an Indian disease surveillance and detection platform, raised $2.3m from Google's philanthropic arm Google.org. Go deeper
Private Equity
• Mubadala Capital agreed to acquire a minority interest in LSV Advisors, a New York-based secondaries manager focused on the middle market. Go deeper
Liquidity
🚑 MaxCyte (Nasdaq: MXCT) agreed to acquire Boca Raton, Fla.-based reagent supplier Akron BioProducts from Arcline for $151.8m. Go deeper
Fundraising
⚡️ Zacua Ventures, an SF-based venture capital firm, raised $135m for its second fund. Go deeper
💊 Proximal Ventures, a Calif.-based biotech investor, raised $27.5m for its debut fund. LPs include SignalFire, Kleiner Perkins, Domino Lane, and Bertelsmann Healthcare Investments. Go deeper
It's Personnel
⚡️ Dayan Abeyaratne was appointed chief commercial officer of Westinghouse Electric. He previously was a partner and head of North America power and utilities M&A and advisory at PJT Partners. Go deeper
⚡️ Iris ten Have was promoted to partner at Visionaries Tomorrow, a German early-stage industrial deeptech VC firm. Go deeper
Odds & Ends
⚡️Redwire, a Jacksonville, Fla.-based space infrastructure developer, received a $40m NASA award to adapt solar-energy tech for potential power generation on the Moon. Go deeper
