Series C Funding Announcements

Base Power, an Austin-based energy startup, secured a $1 billion Series C round to accelerate deployment of its residential battery leasing network. The funding was led by Addition, with participation from Trust Ventures, Valor Equity Partners, Thrive Capital, Lightspeed, Andreessen Horowitz, Ribbit Capital, CapitalG (Google), Spark Capital, Bond, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789 Capital.

Filigran, a Paris-based cybersecurity startup, raised $58 million in Series C funding. Eurazeo led, joined by T.Capital, Accel, and Insight Partners.

Filigran, a Paris-based cybersecurity startup, raised $58 million in Series C funding. Eurazeo led the round, joined by T.Capital, Accel, and Insight Partners.

Filigran raised $58 million in Series C funding to expand its cybersecurity offerings.

Filigran secured $58 million in Series C funding.

Modular, an AI hardware and software startup founded by former Google and Apple engineers, announced a $250 million financing that values the company at $1.6 billion. The Series C round was led by Thomas Tull’s US Innovative Technology Fund, with participation from DFJ Growth, Google Ventures, General Catalyst, and Greylock Venture Partners. Modular’s platform lets developers run AI applications across different chips (CPUs, GPUs, NPUs, etc.) without rewriting code. The new capital (bringing total known funding to about $380M) will accelerate R&D and expansion as Modular seeks to challenge established AI chip players by making compute infrastructure more flexible and cross-platform.

Modular, an AI hardware and software startup, announced a $250 million Series C funding round led by Thomas Tull’s US Innovative Technology Fund.

Cardless, a San Francisco-based platform focused on branded credit cards, has raised $60 million in a Series C funding round led by Spark Capital. Other investors in the round include Activant Capital, Industry Ventures, and Pear VC. The company is betting on a future where all consumer financial services resemble branded credit cards, offering rewards like airline miles through partnerships with non-bank businesses. Cardless President Michael Spelfogel highlighted this shift by proposing the integration of such incentives into other financial products, such as savings accounts. The funding aims to further the company’s goal of expanding branded financial solutions and enhancing customer loyalty.

Cardless, a San Francisco-based platform focused on branded credit cards, raised $60 million in a Series C funding round led by Spark Capital.

Figure, a San Jose–based robotics startup, announced it has closed a Series C round of over $1 billion, bringing its valuation to about $39 billion. The round was led by Parkway Venture Capital, with participation from Nvidia, Intel Capital, LG Technology Ventures, Salesforce, T-Mobile Ventures, Qualcomm Ventures, Brookfield Asset Management, Macquarie Capital, Align Ventures, and Tamarack Global. Figure builds humanoid robots (such as the Helix and BotQ) for home and commercial use. The company plans to use the new funding to scale production of its robots, expand AI training and simulation infrastructure, and double down on data collection to improve performance. This massive round comes amid a surge in VC interest in humanoid AI robots as companies address labor shortages in logistics, manufacturing, and home services.