The Weekly Notable Startup Funding Report: 5/11/26
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The Weekly Notable Startup Funding Report: 5/11/26
"The notable startup funding rounds for the week ending 5/9/26 featuring funding details for Darkhive, Mosh, Vori, and twenty-one other deals representing $2.3B in new funding that you need to know about."
"Anello Photonics - $25.0M Santa Clara-based Anello Photonics develops silicon photonic optical gyroscopes for autonomous navigation applications. Founded by Mario Paniccia and Mike A Horton in 2018, Anello Photonics has now raised a total of $53M in total equity funding and is backed by Catapult Ventures, IronGate Capital Advisors, Lockheed Martin, Mana Ventures, MESH, New Legacy Group, One Madison Group, and Washington Harbour Partners."
"Astranis - $300.0M San Francisco-based Astranis develops small communications satellites for geostationary and high Earth orbit connectivity. Founded by John Gedmark and Ryan McLinko in 2015, Astranis has now raised a total of $1B in total equity funding and is backed by Andreessen Horowitz, Baillie Gifford, BAM Elevate, BlackRock Private Equity Partners, Fidelity, Franklin Templeton, Friends & Family Capital, Nimble Partners, and Snowpoint Ventures."
"Astrocade - $56.0M Los Altos-based Astrocade develops an AI-powered social gaming platform for creating, sharing, and playing interactive games. Founded by Ali Sadeghian, Amir Sadeghian, and Fei-Fei Li in 2022, Astrocade has now raised a total of $68M in total equity funding and is backed by Chaac Ventures, Conviction Embed, Dentsu Ventures, Google AI Futures Fund, LG Technology Ventures, NVIDIA, Rogue VC, and Sequoia Capital."
The week ending 5/9/26 included notable startup funding across multiple US ecosystems, totaling $2.3B in new funding across 25 deals. Anello Photonics raised $25.0M to develop silicon photonic optical gyroscopes for autonomous navigation, bringing total equity funding to $53M. Astranis raised $300.0M to build small communications satellites for geostationary and high Earth orbit connectivity, bringing total equity funding to $1B. Astrocade raised $56.0M for an AI-powered social gaming platform that enables creating, sharing, and playing interactive games, bringing total equity funding to $68M. Blitzy raised $200.0M for a generative AI platform that automates custom software development, bringing total equity funding to $210.4M.
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