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- Thinking Machines' $2B AI Fund, OpenEvidence's Wins & Key Tech Funding Rounds! 🚀
Thinking Machines' $2B AI Fund, OpenEvidence's Wins & Key Tech Funding Rounds! 🚀
Seed Radar
July 18, 2025
Issue #18 • July 18, 2025
Hi Seedradar Squad! This week's tech landscape is marked by colossal funding rounds and significant advancements from innovative tech startups. Thinking Machines Lab, founded by a former OpenAI CTO, has secured a staggering funding round to build next-generation "agentic AI" foundation models.
Following suit, OpenEvidence closed a massive Series B funding round to bring specialized AI tools to healthcare, transforming medical information access. Meanwhile, OpenAI launched a new general-purpose ChatGPT agent, further expanding the realm of cutting-edge AI tools available to impact diverse sectors.
Image courtesy of The Daily Star
🧠 Thinking Machines Lab, from ex-OpenAI CTO, Raises $2B
The AI startup founded by former OpenAI CTO Mira Murati, has closed a massive $2 billion funding round at a $12 billion valuation, making it one of the most significant early-stage investments in AI history. The round was led by Andreessen Horowitz and saw participation from major tech players including NVIDIA, Accel, Cisco, and AMD.
The lab is focused on building "agentic AI," which involves creating intelligent systems capable of multi-step reasoning and taking autonomous actions to complete complex tasks. Murati stated the company's goal is to advance "collaborative general intelligence," emphasizing multimodal AI that can interact naturally with people through conversation and sight. Announcing the funding, Murati said, "We're excited that in the next couple months we will be able to share our first product, which will include a significant open source component and be useful for researchers and startups developing custom model".
🩺 OpenEvidence Secures $210M in Series B Funding
This massive funding round, co-led by Google Ventures and Kleiner Perkins, demonstrates the immense investor confidence in specialized AI applications.
OpenEvidence is rapidly becoming a critical tool for physicians, showing how AI can be applied vertically to transform major industries like healthcare by providing real-time, evidence-based medical information at the point of care.
💰 Snapshots: What Else Is Happening?
• Amogy has raised $23 million in a venture round led by Korea Development Bank. The company, founded in 2020, develops technology to convert ammonia into carbon-free energy, targeting hard-to-abate sectors like heavy-duty transportation and shipping. - Read More
• Crash Override has raised $28 million in a seed funding round. The investment was co-led by SYN Ventures and Google Ventures. The startup, founded in 2022, creates a platform that connects the development and deployment phases of cloud applications to improve security and operational awareness. - Read More
• Boulevard has raised $80 million in a Series D funding round led by JMI Equity, nearly doubling its valuation to $800 million. The company provides an AI-driven SaaS platform for appointment-based businesses like salons and medspas, offering services for scheduling, marketing, and payment processing.. - Read More
• OpenAI's new general-purpose ChatGPT agent just launched, and it can autonomously browse the web, run code, and manage files. However, it enters a competitive market where rivals like Manus show superior performance on real-world benchmarks, and the more affordable Genspark offers unique features like making phone calls. - Read More
💰 Sharks of the Week!
️🔥 Zeev Ventures- Co-led a $96 million Series B round for Exodigo, a startup that develops underground mapping technology for transportation and engineering projects. - Read More
️🔥 General Catalyst- Led an $84 million seed funding round for AI video generation startup Moonvalley. - Read More
️🔥 Navis Capital Partners- Led a $58 million Series C round for Eton Solutions, a developer of wealth management platforms. - Read More
️🔥 NEA- Led a $47 million Series A for defense-focused drone manufacturer Firestorm Labs and participated in a $41 million Series B for fintech platform Slash. - Read More
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💼 Resource of the Week: A Pitch Deck Template!
📝 Headline's AI-Native Series A Pitch Deck Template
A state-of-the-art guide and Google Slides template designed specifically for AI startups in the post-GPT era. It moves beyond outdated SaaS templates to help founders articulate their unique AI value proposition, competitive moat, and sophisticated tech stack, reflecting the new realities of the 2025 fundraising landscape.
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