Private Markets: Dyna Robotics raises $120M from Nvidia, Amazon

The startup working to develop cost-effective, general-purpose robots announced it has raised $120M in a new funding round, boosting Dyna Robotics’ valuation to over $600M. Venture capital arms of Nvidia (NVDA), Amazon (AMZN) and Salesforce (CRM) participated in the round.

Some of the biggest capital raises by private companies this week include:

• Dyna Robotics – The company announced it has closed a $120M Series A funding round led by Robostrategy, CRV, and First Round Capital, with participation from Salesforce Ventures (CRM), NVentures — Nvidia’s (NVDA) venture capital arm, the Amazon Industrial Innovation Fund (AMZN), Samsung Next (SSNLF), and LG Technology Ventures. The new capital will be used to expand its world-class research and engineering team and accelerate the development of its next-generation foundation model as the company works to deliver high performance general-purpose robots in commercial environments.
• Invisible Technologies – The AI software platform for the enterprise announced it raised $100M in growth funding. The round was led by Vanara Capital. The investment brings Invisible’s total capital raised to $144M, and marks Vanara’s first publicly announced deal. Publicly traded companies in the space include TaskUs (TASK) and Pegasystems (PEGA).
• Airia – The enterprise AI security and orchestration platform that enables organizations to safely deploy and scale AI secured $100M in funding, including $50M invested to date and a further $50M commitment. Publicly traded companies in the space include IBM (IBM), Microsoft (MSFT), and Google (GOOGL).
• PassiveLogic Grabs – The category-defining pioneer in generative autonomy announced it has raised $74M in Series C funding to scale its vision to meet global demand for physical AI in everyday infrastructure. noa, Europe’s largest built-world VC, led the round, joined by new investors, Prologis Ventures, Johnson Controls, and PSP Growth. Publicly traded companies in the space include Honeywell (HON), Johnson Controls (JCI), and Siemens (SIEGY).
• Splash Financial – The leading AI-enabled lending marketplace, announced it has secured more than $70M in a Series C funding round, which was led by Grand Oaks Capital, with participation from First Tech Federal Credit Union, Curql Collective, The O.H.I.O. Fund, and existing investors. With this, Splash has now raised over $135M in total equity funding since its founding and processed over $6B in loans. Publicly traded companies in the space include SoFi Technologies (SOFI), Upstart (UPST), and Sallie Mae (SLM).

Unicorns to watch this week:

• Innovaccer – The healthcare AI unicorn valued at about $3.45B is focusing on acquisitions and secondary rounds. Publicly traded companies in the space include Phreesia (PHP), IQVIA (IQV), and CareCloud (CCLD).
• Gecko Robotics – The company works in built-world data/infrastructure monitoring and has reached a unicorn valuation at $1.25B after its most recent funding. Publicly traded companies in the space include Oceaneering (OII), Honeywell (HON), and ABB (ABB).
• Dataiku – The AI/machine-learning platform helps enterprises build, deploy and manage models. Publicly traded companies in the space include Altair (ALTR), Google (GOOGL), and IBM (IBM).
• Mammoth Biosciences – The company focuses on CRISPR-based diagnostics and therapeutics, using novel CRISPR systems. Publicly traded companies in the space include CRISPR Therapeutics (CRSP), Editas Medicine (EDIT), and Beam Therapeutics (BEAM).
• Stripe – operating in the Fintech sector, Stripe has an estimated valuation of $45B. Publicly traded competitors include PayPal (PYPL), Block (XYZ), Visa (V), and MasterCard (MA).

IPOs to watch:

• Lendbuzz (LBZZ) – The company is offering an undetermined number of shares of its common stock and the selling stockholders identified in this prospectus are offering additional shares of common stock, according to an initial public offering prospectus filed with the SEC.
• Alliance Laundry Systems (ALH) – The company announced that it has publicly filed a registration statement on Form S-1 with the U.S. SEC relating to the proposed initial public offering of its common stock. Alliance Laundry Systems intends to list its common stock on the NYSE under the ticker symbol “ALH.”
• Sea Forrest International (SFTI) – The company has filed for an initial public offering of 3.75M Class A shares and anticipates that the initial public offering price of the Class A shares will be between $4.00 and $4.50 per share. The prospectus filed with the SEC stated in part, “The company is headquartered in Singapore and through the subsidiaries SF (Engineering) and SF (Power), are involved in engineering design and consultancy services in energy management and clean energy systems, and wholesale of marine equipment and accessories, ship and offshore structure repairs and modification while afloat, relating to offshore maintenance, repairs, and overhauling services.”

“Private Markets” is The Fly’s recurring series of stories on the latest moves in the private sector, largest unicorn companies and initial public offerings to watch. Fly subscribers, add $PRIVATE to your portfolio for alerts on breaking news in the startup and venture capital space.