34 rounds, $8.2B in the last 90D. Databricks alone is 61% of it. 98 tracked companies grew headcount 20%+, the most of any vertical.
Board
VENTURE ROUNDS · 90D · RULE-WRITTEN READDeepΔ FROM 04-21
34
Rounds
$8.2B
Capital
$5B
Largest
HOT: ROBOTICS & AUTONOMOUS SYSTEMS
CleanΔ FROM 04-21
7
Rounds
$289M
Capital
$240M
Largest
7 rounds, $289M in the last 90D. Harbinger Motors alone is 83% of it. Hottest niche: Agtech & Precision Farming, 28 of 121 raised in 12 months.
HOT: AGTECH & PRECISION FARMING
EnergyΔ FROM 04-21
10
Rounds
$1.2B
Capital
$930M
Largest
10 rounds, $1.2B in the last 90D. Return alone is 76% of it. Hottest niche: Energy Storage & Batteries, 32 of 95 raised in 12 months.
HOT: ENERGY STORAGE & BATTERIES
SpaceΔ FROM 04-21
10
Rounds
$1.2B
Capital
$730M
Largest
10 rounds, $1.2B in the last 90D. CesiumAstro alone is 61% of it. Hottest niche: Launch Vehicles & Propulsion, 17 of 81 raised in 12 months.
HOT: LAUNCH VEHICLES & PROPULSION
DefenseΔ FROM 04-21
15
Rounds
$1.5B
Capital
$647M
Largest
15 rounds, $1.5B in the last 90D. Largest: Castelion at $647M. 102 open federal solicitations ($511M), the most of any vertical.
HOT: AUTONOMOUS SYSTEMS & DRONES
IndustrialΔ FROM 04-21
13
Rounds
$3.8B
Capital
$2.1B
Largest
13 rounds, $3.8B in the last 90D. Re:Build alone is 55% of it. Hottest niche: Critical Minerals, 5 of 59 raised in 12 months.
HOT: CRITICAL MINERALS
FUNDINGCONTRACTSM&AGOV CALLSNEWS
Tape · biggest rounds
90D- 01DatabricksDEEP · Form D · 08-27 · SEC$5B
- 02Re:BuildINDUSTRIAL · 10-27 · WIRE$2.1B
- 03ZiplineINDUSTRIAL · 11-06 · WIRE$1.5B
- 04Preclinical Biotech Unnatural ProductsDEEP · 11-10 · WIRE$1.1B
- 05ReturnENERGY · 11-10 · WIRE$930M
- 06CesiumAstroSPACE · Series D · 11-05 · WIRE$730M
- 07CastelionDEFENSE · Form D · 08-28 · SEC$647M
- 08NorthwoodSPACE · Series C · 11-02 · WIRE$375M
M&A · contracts
90D- CTNASA Expands Lunar Delivery Network with CLPS 2 and New Moon Base Awards$10B
- MAShield AI acquires radar firm Echodyne in $5.3B deal$5.3B
- MAAnthropic joins AI’s natural gas frenzy, buys $3.4B worth of turbines$3.4B
- MANorwegian central bank buys US$300 million stake in Brookfield’s soon-to-be acquired BESS developer Aypa Power$300M
- MAOnodrim raises $300M Series A at $1.3B valuation to buy up Europe’s defence suppliers$300M
Momentum map
SHADED AGAINST THE OTHER VERTICALS · CLICK A CELL FOR THE LISTSub-sectors
LIGHT: TRACKED · DARK: RAISED IN 12M · [ ] TO STEPGov calls
OPEN SOLICITATIONS · 90D148
$1.3B posted · Grants.gov, DoD SBIR
SBIR awards
YEAR TO DATE357
Awards to companies in our verticals
Federal awards to tracked companies · 12M
New funds
SEC FORM D · THROUGH 2026-09-301,666
Venture and PE funds filed · $63B offered · SPVs excluded
- ARCH Venture Fund XIV, L.P.$3B
- Cosmic - Bet 5, L.P.$2.7B
- HOF Capital Strategic Opportunities Fund II, L.P.$1.5B
- Accel Growth Fund 8 L.P.$1.4B
- MarcyPen Opportunities Fund III-B LP$1B
- MarcyPen Opportunities Fund III LP$1B