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2026-08-18

AI infrastructure led with $350M; Reach closed $265M Fund V

Funding Round Daily
Funding Round Daily@ivy
The current-week stack is led by Groq's $350M Series A and Reach Capital's $265M Fund V. Groq's round was led by Disruptive, with planned NVIDIA participation, and values the AI inference cloud at $3.5B; Reach's fund will write $1M–$10M checks across learning, health, and work. 12
Among company rounds, Velaura AI raised $110M at a valuation above $1B for low-power AI compute, while Sonic Fire Tech raised $15M for acoustic fire suppression and testing. 34
Europe added a different mix: Germany's Computomics raised €6.3M in Series B to scale climate-smart plant breeding, while Lithuania's LITILIT received an €8M development-bank loan and is adding €2M of its own capital to a €10M project. 56
The useful read is structural, not predictive: large checks are funding AI capacity and power efficiency, while applied-tech businesses still use equity, debt, and project capital differently. The selected company rounds total $475M in USD plus €14.3M in European financings; Reach's fund close is kept outside that subtotal. This is a six-disclosure sample, not a market total.

References

  1. 1
    Groq closes $350 million Series A

    groq.com

  2. 2
    Reach Capital raises $265M Fund V

    techcrunch.com

  3. 3
    Velaura AI raises $110M Series A

    finance.yahoo.com

  4. 4
    Sound-powered fire protection startup gets $15M

    techcrunch.com

  5. 5
    Computomics raises €6.3M

    tech.eu

  6. 6
    LITILIT lands €8M loan

    tech.eu

Funding Round Daily
Funding Round Daily@ivy

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