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• Wonderful, a Dutch enterprise AI deployment company, raised $550m at a $5b valuation. Insight Partners led, joined by Salesforce and insiders Index Ventures, IVP, Vine Ventures, 9Yards, and Bessemer Venture Partners. Go deeper

• Upwind, an Israeli cloud security company, raised $300m at a $3.8b valuation. Bessemer Venture Partners and TCV led, joined by Craft Ventures, Salesforce Ventures, Greylock, Cyberstarts, Leaders Fund, Alta Park Capital, and Penny Jar Capital. Go deeper

• Lyte, a Sunnyvale, Calif.-based robotics and AI startup, raised a $165m Series C at a $1.6b post-money valuation. Maverick Silicon led, joined by Fidelity, Atreides Management, Key1 Capital, and Ora Global. Go deeper

• iPronics, a Spanish provider of optical networking solutions for AI infrastructure, raised $125m in Series B funding. Maverick Silicon and Light Street Capital led, joined by Nvidia, Triatomic Capital, Bosch Ventures, Catalight Capital, European Innovation Council Fund, Tate Family Trust, Fine Structure Ventures, Amadeus Capital Partners, Build Collective, and Criteria Venture Tech. Go deeper

🚑 Thyme Care, a Nashville-based cancer care company, raised $125m in Series E funding at a $2b-plus valuation. Morgan Health led, joined by Humana, CVS Health Ventures, AlleyCorp, HealthQuest Capital, Foresite Capital, Concord Health Partners, Frist Cressey Ventures, Town Hall Ventures, and a16z. Go deeper

• HiddenLayer, an Austin, Texas-based enterprise AI security startup, raised $100m in Series B funding. Delta-v Capital led, joined by Ten Eleven Ventures, M12, Microsoft's venture fund, Morgan Stanley, and Booz Allen Ventures. Go deeper

⚡️ Sequoia Capital revealed it contributed $100m to battery developer Form Energy's recent $750m Series G. Go deeper

• Aslan, a maker of AI agents that act as operatives in national security missions, raised $20.8m. Khosla Ventures and XYZ Venture Capital led, joined by 2048 Ventures, BoxGroup, Liquid2, and Alumni Ventures. Go deeper

• Critical Materials Group, an Austin, Texas-based explosives manufacturing startup, raised $10.3m in seed funding. Overmatch Ventures led, joined by Victory Six Advisors and Fulcrum Ventures. Go deeper

• BQP, a physics acceleration company, raised $8m from IBM Ventures, Venn10 Capital, and Monta Vista Capital. Go deeper

🚑 Konko AI, a patient coordination platform focused on Latin America, raised $6m led by Hi Ventures. Go deeper

• Quickcode, a McLean, Va.-based trade compliance platform, raised $3m led by Buckhorn Capital Group. quickcode.ai

• Apax Digital invested in Wemarch, an Israeli platform for securities finance and capital markets workflows. Go deeper

• Aquiline agreed to invest in Flourish, an NYC-based wealthtech owned by MassMutual. Go deeper

• Enstructure, owned by V12 Partners, closed its acquisition of the marine services unit of Logistec, a portfolio company of Blue Wolf Capital Partners, Investissement Québec, Yellow Point Equity Partners, and Stonepeak. Go deeper

• GreenArrow, a CAI Capital portfolio company, acquired MSL Electric, an Anaheim, Calif.-based electrical contractor. Go deeper

🚑 H.I.G. Capital acquired Outcomes One, an Orlando, Fla.-based clinical network services and pharmacy technology company, from BlackRock. Go deeper

• La Caisse is investing $1.3b for a 24% stake in Altius, a Brookfield-backed operator of telecom towers in India. Go deeper

• Marco Sealing Solutions, backed by Align Capital Partners, acquired Global O-Ring and Seal, a Houston-based distributor of sealing products for industrial distributors. Go deeper

• Reworld Waste, backed by EQT and GIC, acquired Clean & Green Recycling, ClearFlo Technologies and EnviroTec, a group of Lindenhurst, N.Y.-based environmental solutions companies. Go deeper

• Trafera, a portfolio company of Rotunda Capital Partners, acquired Morris Electronics, a Morris, Minn.-based IT company. Go deeper

• Trimlite, a Wynnchurch Capital portfolio company, acquired Lexington, Ky.-based KW Building Products from Clay-Ingels. Go deeper

🚑 West Physics Consulting, an Incline Equity Partners portfolio company, acquired Radiographic Testing Services, an Albany, N.Y.-based medical equipment services provider. Go deeper

• Adobe (Nasdaq: ADBE) acquired Rilo, an Indian marketing intelligence startup seeded by Peak XV, DeVC, and Day Zero Ventures. Go deeper

• Randa Apparel & Accessories acquired the UNTUCKit brand and operations. UNTUCKit is known for its line of anti-wrinkle shirts for men. Bond Capital, Clearco, Fifth Wall, and Kleiner Perkins were among its investors. Go deeper

• TruckSmarter, a SF-based load board platform backed by Socium Ventures and Bain Capital, is being acquired and shutting down, per FreightWaves. Go deeper

⚡️ Uplift Ventures, a VC fund backed by German material handling company Jungheinrich, launched a €100m deeptech fund targeting Europe and U.S. startups. Go deeper

• Khosla Ventures is raising an $800m "Moonshot" fund, according to a filing. Go deeper

• Todd Kornreich joined Davis Polk as a partner in its M&A practice. He previously was with Ropes & Gray. Go deeper

• Stephanie Epstein Srulowitz is joining Simpson Thacher & Bartlett as a partner in its investment funds practice. She previously was with Weil. Go deeper

• Playfly Sports, an athletics revenue maximization company, secured $250m in debt led by Bain Capital's private credit group. Go deeper

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<h2 class="text-h6 !font-sans !font-normal !leading-[1.2em]">Venture Capital</h2>• Wonderful, a Dutch enterprise AI deployment company, raised $550m at a $5b valuation. Insight Partners led, joined by Salesforce and insiders Index Ventures, IVP, Vine Ventures, 9Yards, and Bessemer Venture Partners. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://axios.link/4gNlaxQ" data-vars-content-id="2619fe77-7681-4ee6-b7ce-8efff1e8eead" data-vars-headline="Pro Rata Premium: First Look" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://axios.link/4gNlaxQ" target="_self">Go deeper</a>• Upwind, an Israeli cloud security company, raised $300m at a $3.8b valuation. Bessemer Venture Partners and TCV led, joined by Craft Ventures, Salesforce Ventures, Greylock, Cyberstarts, Leaders Fund, Alta Park Capital, and Penny Jar Capital. <a class="gtmContentClick" data-vars-link-text="Go deeper" data-vars-click-url="https://www.calcalistech.com/ctechnews/article/0kbwgdw01" data-vars-content-id="2619fe77-7681-4ee6-b7ce-8efff1e8eead" data-vars-headline="Pro Rata Premium: First Look" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.calcalistech.com/ctechnews/article/0kbwgdw01" target="_blank">Go deeper</a>

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