This week saw a surge in large funding rounds, with seven startups raising $100 million or more. Among the biggest winners were Fleetio and Mercury, two companies that secured substantial investments to further their growth in their respective industries.

1. Fleetio, $450M, Fleet Management
   Fleetio, a platform for fleet optimization, raised $450 million in funding. The round, co-led by Fleetio’s existing investor Elephant and new investor Goldman Sachs Alternatives’ growth equity branch, will help finance the acquisition of Auto Integrate, a maintenance authorization platform. The funding values the Birmingham, Alabama-based company at over $1.5 billion. Fleetio now serves over 8 million vehicles and processes more than 13 million repair orders annually. Since its founding in 2011, Fleetio has raised $620 million.
2. Mercury, $300M, Fintech
   Fintech startup Mercury raised a significant $300 million Series C round, led by Sequoia Capital. This new funding, which includes both primary and secondary capital, boosts the company’s valuation to $3.5 billion—more than double its valuation from its Series B in 2021. Mercury offers bank accounts integrated with various financial tools for businesses. Founded in 2017, the company has now raised $452 million.
3. Island, $250M, Cybersecurity
   Island, a developer of enterprise browsers, raised $250 million in Series E funding, reaching a valuation of $4.8 billion. The round, led by Coatue Management, marks a 60% increase in its valuation from the previous year. Island’s technology is used by more than 450 customers globally, with over 200 employees dedicated to product development and engineering. Since its launch in 2020, the company has raised $810 million.
4. Aura, $140M, Cybersecurity
   Aura, a cybersecurity firm focused on consumer protection, raised $140 million in a Series G round, bringing its valuation to $1.6 billion. The company provides tools for device security, identity theft protection, scam and fraud protection, and more. Founded in 2017, Aura has now raised nearly $663 million.
5. Supira Medical, $120M, Medical Device
   Supira Medical, a developer of percutaneous ventricular assist devices, secured $120 million in Series E funding. The round was led by new investors Novo Holdings and Qatar Investment Authority. Founded in 2012, the company has raised a total of $241 million.
6. Nexthop AI, $110M, Artificial Intelligence
   Nexthop AI, an AI infrastructure provider, raised $110 million in a round led by Lightspeed Venture Partners. The company designs custom networking solutions for hyperscalers and offers a network operating system powered by its own AI. Nexthop AI is part of a larger trend of growing investments in AI-driven infrastructure, with Lightspeed Venture Partners also participating in several other major rounds recently.
7. Also, $105M, Transportation
   Also, an electric micromobility company based in Palo Alto, raised $105 million to further its development after emerging from stealth mode. The round was led by Eclipse Ventures.
8. Heartflow, $98M, Healthcare
   Heartflow, a company developing a noninvasive coronary care platform, raised approximately $98 million through convertible notes. Investors included Fidelity Management & Research Co. Founded in 2010, the company has raised nearly $891 million.
9. Character Biosciences, $93M, Biotech
   Character Biosciences, a biotech firm using genomics, clinical data, and AI-driven modeling for drug development, raised $93 million in a Series B round. The funding was co-led by aMoon Fund and Luma Group. Founded in 2018, Character Biosciences has now raised $120 million.
10. Omaha Productions, $80M, Media
    Omaha Productions, Peyton Manning’s entertainment company, raised $80 million in funding from Patrick Whitesell Holding, bringing its valuation to $800 million.

This week’s big rounds reflect the strong interest in sectors like fintech, cybersecurity, fleet management, and healthcare, with Fleetio and Mercury standing out as key players. These investments will help these companies continue to innovate and grow in their industries.