Commonweal Ventures

Backing founders building America's future.

[Commonweal Ventures @commonwealvc]

Today in venture investments that matter for America:

AI Infrastructure
🔹 @get_hydrahost (San Francisco, CA), providing high-performance AI inference hosting infrastructure for enterprises deploying and scaling large language models in production, raised $100 million in Series A funding led by @KindredVentures, joined by @NVIDIA, @ARKInvest, @splycapital, Era Funds, @ComcastVentures, Magnetar, @PEAK6, @foundersfund, @Denver_Ventures, Flume Ventures, and @scottmcnealy. Founders: @aginnt @GarrettJohnson, @NotASithLord.

Cybersecurity
🔹 @Ent_Security (San Francisco, CA), an endpoint security company founded by the team behind RiskIQ and Microsoft Security Copilot that detects and responds to advanced threats across enterprise endpoints using AI, raised $100 million in Seed funding led by @DecibelVC, joined by @Sequoia, @CrosspointCP, @craft_ventures, @ShieldCapVC, @Felicis, and In-Q-Tel. Founders: @emanousos and Brandon Dixon.

Defense
🔹 @powerus_usa (West Palm Beach, FL), developing autonomous power systems and charging infrastructure for US drone and unmanned vehicle manufacturing and deployment, raised $30 million in strategic investment from @UnusualMachines. Founders: Andrew Fox, @TheDroneWarrior.

Manufacturing
🔹 @FoundationAlloy (Boston, MA), developing AI-driven methods for designing novel metal alloys for aerospace, defense, and advanced manufacturing, raised $22 million in Series A funding led by Voyager Ventures, joined by Trust Ventures, Yamaha Motor Ventures, @AmericaFrontier, @materialimpact, @engineventures, El Cap, and Kanematsu Corporation. Founders: Jake Guglin, Chris Schuh, Tim Rupert.

🔹 @noxmetals (Detroit, MI), building domestic critical materials supply infrastructure to source and process metals needed for US factory and industrial expansion, raised $11.5 million in Seed funding led by @hyperion_xyz, joined by @PalmerLuckey, @YCombinator, @snowmaker, @RoboStrategy, @OpCo_VC, DTX, and @alumniventures. Founder: @zanehengsperger.

Quantum
🔹 @Atom_Computing (Berkeley, CA), building neutral-atom quantum computers suited for commercial and government applications, raised $100 million in Series C funding led by @ThirdPointLLC, joined by @DCVC, @Cisco_Invests, and others. Founders: Ben Bloom, Jonathan King.

What is #AmTech? It's our term for the companies tackling America's biggest challenges in sectors like energy, defense, healthcare, and infrastructure. In these markets, the path to building category-winning companies runs through government, and the founders who understand that are building the most consequential technology businesses of our generation.

[Commonweal Ventures @commonwealvc]

📊 AmTech Daily: Deals Defining America's Future — June 15, 2026

Energy
🔹 @endurancegeo (Seattle, WA), developing subsea geothermal power systems that drill into undersea volcanoes to tap high-temperature heat for baseload electricity, raised $54 million in Series A funding led by @foundersfund, with participation from @felicis, @constructcap, and @p72vc. Founder: @AndrewRedd

Health
🔹 @RadicalNumerics (San Francisco, CA), building an AI platform that can read, write, and design across DNA, RNA, proteins, and other biological data, raised $50 million in seed funding led by @emergencecap, with participation from @obviousvc and @TriatomicCap. Founders: @exnx @MichaelPoli6 @athmsx @Massastrello.

🔹 Piccolo Medical (San Francisco, CA), developing catheter navigation technology that helps clinicians place central venous catheters more accurately using external sensors and software guidance, was acquired by @SpectrumVasc.

Cybersecurity
🔹 @NewCore (San Francisco, CA / Israel), developing an identity and access platform to manage both human workers and AI agents inside enterprises, raised $66 million across pre-seed and seed funding led by @giliraanan, with participation from @IndexVentures and @EvolutionEquity. Founders: @zoharalon @AAAAAAmihai

Manufacturing
🔹 @podium_automate (New York, NY), building an AI-powered operating system and control hardware for industrial automation, raised $18 million in Series A funding led by @constructcap, with participation from @a16z. Founders: @jamie_niu, Jacob Buser

Legal
🔹 @Sandstonehq (New York, NY), providing an AI-native operating system for in-house legal teams that unifies intake, context, and workflow automation across email, Slack, Salesforce, and Jira, raised $30 million in Series A funding led by @lightspeedvp, with participation from @sequoia. Founders: @nifleisher, @liamail, and @cc_jarryd

Finance
🔹 @copperlaneai (New York, NY), developing an AI-native autonomous mortgage loan officer that ingests borrower assets, credit files, and income patterns to generate underwriting recommendations for human reviewers, raised $4.1 million in seed funding led by @TQVentures, with participation from @YCombinator and Valon Mortgage. Founders: @athanzxyt @briannajlin

What is #AmTech? It's our term for the companies tackling America's biggest challenges in sectors like energy, defense, healthcare, and infrastructure. In these markets, the path to building category-winning companies runs through government, and the founders who understand that are building the most consequential technology businesses of our generation.

[Commonweal Ventures @commonwealvc]

3/ @Coram_AI raised $35 million in Series B funding co-led by @ansacapital and @BatteryVentures, with participation from @UPPartnersVC, @8VC, and Mosaic Ventures.

Coram was founded by former leaders of Lyft's self-driving division who applied the same computer vision that helps autonomous vehicles read a scene and avoid accidents to the security cameras already in schools, hospitals, and factories. The platform connects video, access control, and visitor data so its AI can run autonomous investigations across months of footage in minutes, catching risks that human analysts watching monitors would miss.

Founders: @asheshjain399, @pondruska.

[Commonweal Ventures @commonwealvc]

This week in venture deals that matter for America (#AmTech):

1/ Project Prometheus raised $12 billion in Series B funding at a $41 billion valuation from investors including @jpmorgan, @BlackRock, @GoldmanSachs, @dst_global, and ARCH Venture Partners.

Prometheus is building what it calls an "artificial general engineer," AI software designed to automate the design and manufacturing of complex physical systems from jet engines to drug compounds. The company launched late last year with a $6.2 billion initial raise and now has about 150 employees, including researchers from @Meta, @OpenAI, and @GoogleDeepMind. If Prometheus delivers, it could reshape how America builds things, making advanced manufacturing faster and cheaper across aerospace, automotive, and computing.

Co-founders: @JeffBezos, @vikbajaj.

[Commonweal Ventures @commonwealvc]

2/ @StepfulTraining raised $55 million in Series C funding led by @oakhcft, with participation from @ForesiteCapital, @HearstVentures, the @Citi Impact Fund, SemperVirens VC, @YCombinator, @Intermountain, and ECMC Education Impact Fund.

Stepful runs an AI-powered online training platform that partners directly with health systems to train healthcare workers, replacing the enrollment caps and manual workflows of legacy trade schools. The company works with more than 35 major health systems, including Mount Sinai, Ochsner, and Providence, and has graduated over 32,000 practice-ready workers. America's healthcare staffing shortage is one of the biggest constraints on the system, and Stepful is building the pipeline to fill it.

Founders: Carl Madi, Tressia Hobeika, Edoardo Serra.

[Commonweal Ventures @commonwealvc]

📊 AmTech Daily: Deals Defining America's Future — June 11, 2026

Physical AI
🔹 Prometheus (San Francisco, CA), building an industrial AI platform to redesign how physical products from jet engines to consumer electronics are engineered and manufactured, raised $12 billion in Series B funding at a $41 billion valuation from @JPMorgan, @BlackRock, @GoldmanSachs, DST Global, Arch Venture Partners, and @JeffBezos .

AI / Inference
🔹 @tensorwave (Las Vegas, NV), providing an AMD-based AI cloud for training and inference workloads, raised $350 million in Series B funding led by Magnetar and @AMD Ventures, joined by @MaverickSilicon and @NexusVP.

Cybersecurity
🔹 @cyera_io (New York, NY), developing a data security platform to identify and protect sensitive data against AI-driven and traditional cyber threats, raised $600 million at a $12 billion valuation led by @EvolutionEquity Partners, joined by @Temasek, @giliraanan, @Accel, @ATT Ventures, and @blackstone.

GovTech
🔹 Turnout (San Diego, CA), operating a benefits claims navigation platform to help people find, optimize, and manage government and employer benefits, raised $35 million in Series A funding at a $400 million valuation led by HighPost Capital.

Public Safety
🔹 Coram AI (Sunnyvale, CA), offering an AI-native physical security platform that unifies video, access control, guest management, and emergency workflows, raised $35 million in Series B funding led by @ansacapital and @BatteryVentures, joined by @8vc.

Agriculture
🔹 @LeafAgriculture (San Francisco, CA), providing tools for agricultural and food companies to connect and analyze farm data from machinery, soil, weather, imagery, and farm management systems, raised $13 million in Series B funding co-led by @LeapsByBayer.

What is #AmTech? It's our term for the companies tackling America's biggest challenges in sectors like energy, defense, healthcare, and infrastructure. In these markets, the path to building category-winning companies runs through government, and the founders who understand that are building the most consequential technology businesses of our generation.

[Commonweal Ventures @commonwealvc]

📊 AmTech Daily: Deals Defining America's Future — June 4, 2026

Aerospace
🔹 @TurionSpace (Irvine, CA), developing maneuverable satellites and payloads for space domain awareness and close-up imaging of objects on orbit, raised more than $75 million in Series B funding led by @WashingHarbour, joined by @Aurelia_Foundry, @forward_deploy, @HOFCapital, @IndustriousVC and others.

Manufacturing
🔹 @layupparts (Huntington Beach, CA), running a vertically integrated factory and software platform for ordering custom carbon fiber and fiberglass components, raised $42 million in Series A funding led by @MarlinspikeVC, joined by @CerberusCapital Ventures, Pinegrove Venture Partners, @foundersfund, and @Lux_Capital.

🔹 @westmagco (South San Francisco, CA), manufacturing high-performance drone motors and robot actuators to onshore "muscle for physical AI" for U.S. drone and robotics companies, raised $11 million in seed funding led by @a16z, joined by @foundersfund, @Lux_Capital, NFDG, and @MenloVentures.

Health
🔹 @NewLimit (South San Francisco, CA), founded by Coinbase CEO @brian_armstrong and developing epigenetic reprogramming medicines to reverse cellular aging, with a liver therapy now headed to human trials, raised $435 million in Series C funding led by @foundersfund, joined by @ThriveCapital, @Greenoaks, @kleinerperkins, and @EliLillyandCo Ventures.

🔹 Radley Health (Cincinnati, OH), operating a peer-supported behavioral healthcare platform that trains and deploys certified specialists with lived recovery experience to support adults with serious mental illness, raised $3 million in seed funding from Aurora Forge, @jacksonhlthcare, @pegsfoundation, and @caresource.

Energy
🔹 @Terra_AI_HQ (Palo Alto, CA), developing subsurface AI models for mining, geothermal, and carbon storage projects, raised $20 million in Series A funding led by @khoslaventures with strategic investment from @BHP Ventures.

GovTech
🔹 Forage (San Francisco, CA), building payments infrastructure that helps retailers accept benefits like SNAP, WIC, and HSA/FSA, plus a consumer app that lets low-income families check EBT balances and earn rewards, raised $40 million in Series B funding led by @mourocapital, joined by @nycapartners, @PayPal Ventures, @Intuit Ventures, @FjLabs, @LongJourneyVC, and @pivotaldotcom.

Agriculture
🔹 701x (Fargo, ND), offering a connected technology ecosystem for beef cattle producers that combines ranch software, GPS smart ear tags, DNA solutions, and breed association tools, raised more than $10 million in Series B funding.

What is #AmTech? It's our term for the companies tackling America's biggest challenges in sectors like energy, defense, healthcare, and infrastructure. In these markets, the path to building category-winning companies runs through government, and the founders who understand that are building the most consequential technology businesses of our generation.

[Commonweal Ventures @commonwealvc]

📊 AmTech Daily: Deals Defining America's Future — June 2, 2026

Defense
🔹@Picogrid (El Segundo, CA), providing hardware-enabled software that integrates sensors, unmanned systems, and command-and-control tools into a unified defense network, raised $45 million in Series A funding led by @BVP, joined by @WashingHarbour and GSBackers.

Quantum
🔹@QuantinuumQC (Broomfield, CO), offering full-stack quantum computing hardware and software carved out of @honeywell, set terms for a U.S. IPO of 26.5 million shares at $53–55 per share, implying a $14.2 billion fully diluted valuation, with backers including @nvidia, @JPMorgan, and Mitsui.

Energy
🔹@erock_llc (Houston, TX), providing natural gas-powered onsite generation and microgrid solutions for data centers, utilities, and large enterprises, launched a U.S. IPO targeting up to $641.9 million in proceeds at a roughly $5 billion valuation.

🔹 Maxwell Power (San Diego, CA), financing, deploying, and operating solar and battery storage systems for residential and commercial customers under long-term savings contracts, received a $750 million investment commitment from Fairtide Partners.

Physical AI
🔹@MeckaAI (New York, NY), collecting human motion data from body sensors and iPhones to train embodied AI models for robotics, raised $60 million led by @hiFramework, joined by @MenloVentures and @svangel.

Cybersecurity
🔹@MokN (New York, NY / Paris, France), protecting organizations from identity-based attacks using decoy access points to detect stolen credentials before they are exploited, raised $15 million in Series A funding led by @GVteam, joined by @datadoghq and Moonfire.

🔹@phosphorusinc (Nashville, TN), providing connected device and IoT security software to protect unmanaged endpoints, was acquired by @DragosInc to expand its industrial cybersecurity portfolio.

What is #AmTech? It's our term for the companies tackling America's biggest challenges in sectors like energy, defense, healthcare, and infrastructure. In these markets, the path to building category-winning companies runs through government, and the founders who understand that are building the most consequential technology businesses of our generation.

[Commonweal Ventures @commonwealvc]

📊 AmTech Daily: Deals Defining America's Future — June 1, 2026

Frontier AI
🔹 @Anthropic (San Francisco, CA), developing frontier AI models including Claude for coding and knowledge work, raised $65 billion in Series H funding at a $965 billion post-money valuation led by @AltimeterCap, Dragoneer Investment Group, @Greenoaks, and @sequoia, making it the world's most valuable AI startup.

Aerospace
🔹 @ObservableSpace (Los Angeles, CA), developing laser satellite links to connect satellites and enable high-throughput space communications, raised $90 million in funding from @Lux_Capital, @upfrontvc, and @RTX Ventures.

AI / Other
🔹 @maintainx (San Francisco, CA), offering maintenance and operations software to help factories and facilities manage workflows and assets, agreed to be acquired by @autodesk for approximately $3.6 billion in cash.

Health
🔹@h1co_ (New York, NY), providing an AI-driven platform that helps life sciences companies, hospitals, and insurers identify and understand physicians for clinical research and medical outreach, raised $40 million led by @cvspharmacy Health Ventures.

Cybersecurity
🔹 @GraySwanAI (Pittsburgh, PA), building tools to test and protect AI models and agents from unsafe behavior and security risks, raised $40 million in Series A co-led by @Wing_VC and @MadronaVentures, joined by Snowflake Ventures and @WeAreHRT.

Energy
🔹 Goshe Energy Storage (Boulder, CO), developing, owning, and operating utility-scale battery energy storage systems that enhance grid resiliency, received a $40 million debt facility from @S2Ginvestments for late-stage project development.

What is #AmTech? It's our term for the companies tackling America's biggest challenges in sectors like energy, defense, healthcare, and infrastructure. In these markets, the path to building category-winning companies runs through government, and the founders who understand that are building the most consequential technology businesses of our generation.