Issue #12 • June 27, 2025
Hi Seedradar Squad! This week, leading the charge is Abridge, an AI medical scribe, securing substantial funding to revolutionize doctor-patient conversations. Meanwhile, OpenRouter conquers a venture round.
These pivotal advancements are just the beginning. We're also tracking a diverse array of hot tech startups, from financial planning AI to supply chain innovators, and featuring cutting-edge AI tools ready to make your entrepreneurial path easier.
Image courtesy of Techcrunch
🩺 AI Medical Scribe Abridge Raises $300M at $5.3B Valuation
Abridge, a startup developing AI-powered software for medical note-taking, has raised $300 million in a new funding round led by Andreessen Horowitz.
The investment values the company at $5.3 billion and will be used to expand its platform, which uses ambient listening technology to automatically transcribe and summarize conversations between doctors and patients, aiming to reduce physician burnout.
🚀 LLM Gateway OpenRouter Raises $40M
OpenRouter, a platform that provides developers access to over 400 Large Language Models (LLMs) through a single API, has raised $40 million in a venture round.
The funding was led by Andreessen Horowitz and Menlo Ventures and will help the company expand its platform, which allows developers to easily switch between different AI models to optimize for performance and cost.
💰 Snapshots: What Else Is Happening?
• Kalshi has raised $185 million in a Series C funding round, vaulting its valuation to $2 billion. The investment will be used to expand its engineering and regulatory teams as it aims to build the "Bloomberg Terminal of uncertainty" for both retail and institutional traders. - Read More
• Centific has landed $60 million in a Series A round. The funding was led by Singaporean venture capitalist Jenny Lee of Granite Asia and will be used to meet the growing demand from enterprises moving from AI experimentation to full-scale deployment. - Read More
• Payabli has raised $28 million in a new funding round. The investment included participation from Bling Capital, Fika Ventures, and QED Investors. Payabli helps software companies integrate and monetize payments within their own platforms. - Read More
• Onebrief has raised a $23.6 million Series C extension. The round was led by Battery Ventures and nearly doubles the company's valuation to $1.1 billion. The platform is designed for rapid, collaborative decision-making for complex military operations. - Read More
💰 Sharks of the Week!
️🔥 General Catalyst - Led the $100 million equity funding round for Noida-based drone manufacturing startup Raphe mPhibr, valuing the company at nearly $900 million. - Read More
️🔥 Breyer Capital - Led the $5 million pre-seed funding round for Jarsy, a digital investment platform designed to unlock access to high-growth private companies. - Read More
️🔥 Bain Capital Ventures - Led the $8 million seed funding round for Klutch AI, a startup providing an AI-powered construction management platform. - Read More
️🔥 Invictus Growth Partners - Invested $35 million in Novi Labs, an energy analytics company that provides AI-powered software for optimizing oil and gas well planning and development. - Read More
🚀 Startup Radar: Movers, Shakers & Future Makers
|
🛠️ Trending AI Tools to Supercharge Your Workflow!
|
💼 Join the Revolution: Hot Startup Jobs!
|
💼 Resource of the Week: Pre-Trained AI Models!
🤝 Hugging Face Community & Hub
An essential open-source ecosystem for the AI community. Startups can access over 1 million pre-trained models, 200,000 datasets, and collaborate with developers and researchers to build, train, and deploy AI applications faster.
🔎 Powered by Seedradar Ventures
Disclosure: Seedradar Ventures and/or its general partner may hold investments in some of the companies mentioned in this newsletter. This content is provided for informational purposes only and should not be considered investment advice.
