Campfire Raises $35M Series A for AI-Powered Accounting Software

Campfire, an AI-driven accounting startup, has raised $35 million in a Series A funding round to build the future of AI-first ERP. The San Francisco-based company offers a modern enterprise resource planning (ERP) platform that automates tasks like invoice reconciliation, cloud expense itemization, and cash-flow analysis.

Campfire founder and CEO John Glasgow said that customers are already replacing legacy systems like NetSuite with Campfire’s LLM-powered solution. The new capital, led by Accel and joined by Foundation Capital, Y Combinator, Capital49, and angel Dan Kang, will support Campfire’s team growth and continued product development in AI accounting.

“Within nine months of formation, we had customers [with] north of 100 employees ripping out NetSuite and putting in Campfire,” Glasgow said.

Funding Details:

• Startup: Campfire
• Investors: Accel (lead), Foundation Capital, Y Combinator, Capital49, Dan Kang (Mercury CFO)
• Amount Raised: $35 million
• Total Raised: Not disclosed
• Funding Stage: Series A
• Funding Date: June 30, 2025

Tailor Raises $22M Series A for Headless ERP Platform

Tailor, a San Francisco- and Tokyo-based startup, announced a $22 million Series A round. The round was led by ANRI and JIC Venture Growth Investments, with participation from NEA, Spiral Capital, and Y Combinator. Tailor’s “headless” ERP system separates the back-end core from the user interface, allowing companies to customize and automate workflows independently.

Taylor’s flagship product, Omakase, uses an API-first design so AI agents can securely plug in and automate tasks such as summarizing customer histories or triggering complex operations. Tailor plans to use the funds to hire more engineers and expand its platform into new markets in the U.S. and Japan, where it has grown to about 50 employees.

Funding Details:

• Startup: Tailor
• Investors: ANRI (lead), JIC Venture Growth Investments, New Enterprise Associates, Spiral Capital, Y Combinator
• Amount Raised: $22 million
• Total Raised: Not disclosed
• Funding Stage: Series A
• Funding Date: June 30, 2025

Portal Biotech Secures $35M Funding to Bolster Biosecurity Sensors

Portal Biotech, a UK biotech startup specializing in proteomics and biosecurity, has closed a $35 million financing round. The NATO Innovation Fund co-led the round to help accelerate Portal Biotech’s development of portable AI-powered protein sequencing sensors that detect engineered pathogens. These devices operate at the single-molecule level on-site, providing rapid identification of viruses and bacteria to aid disease monitoring and pandemic prevention. Investors in the round include Earlybird Venture Capital, Science Creates VC, Pillar VC, 8VC, We VC, and the British Business Bank. The funds will support scaling up production and R&D for Portal Biotech’s field-deployable threat detection platform.

Funding Details:
Startup: Portal Biotech
Investors: NATO Innovation Fund (co-lead), Earlybird VC, Science Creates VC, Pillar VC, 8VC, We VC, British Business Bank
Amount Raised: $35 million
Total Raised: Not disclosed
Funding Stage: Private (pre-IPO) Round
Funding Date: June 30, 2025

Cato Networks Raises $359M Series G for SASE Security Platform

Israeli cybersecurity startup Cato Networks has raised $359 million in late-stage funding to expand its global presence. The Series G was led by Vitruvian Partners and ION Crossover Partners. Cato offers a cloud-based SASE (secure access service edge) platform used by over 3,500 organizations to securely connect distributed offices, data centers, and cloud resources. The platform integrates routing and built-in threat protection to block malware propagation across a corporate network. Valued now at $4.8 billion, Cato says it will use the new capital to extend its feature set (adding more networking capabilities and IoT device protection) and to grow its customer-facing teams and partner ecosystem.

Funding Details:

• Startup: Cato Networks Ltd.
• Investors: Vitruvian Partners (lead), ION Crossover Partners, plus multiple returning backers
• Amount Raised: $359 million
• Total Raised: Not disclosed
• Funding Stage: Series G
• Funding Date: June 30, 2025

Bonx Raises $8.6M Seed to Supercharge AI ERP for European Manufacturing

Bonx, a Paris-based startup building AI-enhanced ERP software for manufacturers, announced an €8.6 million (about $8.6M) seed round. The round was led by 9900 Capital, with participation from Kima Ventures, Purple, OSS Ventures, and Dynamo Ventures. Bonx’s platform combines no-code configuration with AI analytics to quickly digitize factory operations without replacing core systems.

Bonx provides real-time visibility across production, logistics, and purchasing, and can be deployed in weeks. Bonx said it will use the funding to grow its team, deepen its product offering, and expand from France into Italy and Spain, two key manufacturing markets where it already has pilots.

Funding Details:

• Startup: Bonx
• Investors: 9900 Capital (lead), Kima Ventures, Purple, OSS Ventures, Dynamo Ventures
• Amount Raised: $8.6 million
• Total Raised: ~$9.8 million (including prior €1.2M pre-seed)
• Funding Stage: Seed
• Funding Date: June 30, 2025

Tandem Health Raises $50M Series A for AI Clinician Co-Pilot Platform

Tandem Health, a Stockholm-based AI healthtech startup, secured $50 million in a Series A round led by Kinnevik. The financing also saw contributions from Northzone, Amino Collective, and Visionaries Club. Tandem’s platform uses large language models to act as a “clinician co-pilot” that listens to doctor-patient conversations and generates draft medical notes and coding in real time. It is built with multilingual support and GDPR compliance for Europe’s markets.

Tandem says the new capital will expand its product suite and accelerate growth across Europe. The company already serves hundreds of clinics in the Nordics, the UK, Germany, France, and Spain, and plans to hire aggressively for product and sales teams.

Funding Details:

• Startup: Tandem Health
• Investors: Kinnevik (lead), Northzone, Amino Collective, Visionaries Club
• Amount Raised: $50 million
• Total Raised: Not disclosed
• Funding Stage: Series A
• Funding Date: June 30, 2025

Abridge Raises $300M at $5.3B Valuation for AI Medical Documentation

Abridge, a Pittsburgh-based healthcare AI company, announced a $300 million funding round at a $5.3 billion valuation. The round was led by Andreessen Horowitz (a16z), with participation from Khosla Ventures. Abridge’s platform uses AI to automate clinical note-taking and streamline billing by transcribing doctor-patient interactions into medical records.

The company said its tools are deployed in over 150 health systems, helping clinicians reduce paperwork. The new funding will support product expansion and partnerships; it follows Abridge’s earlier $250M raise earlier this year and positions the company for rapid growth in AI-driven medical documentation.

Funding Details:

• Startup: Abridge
• Investors: Andreessen Horowitz (lead), Khosla Ventures
• Amount Raised: $300 million
• Total Raised: Not disclosed
• Funding Stage: Series D (late-stage)
• Funding Date: June 24, 2025

Biren Technology Secures ~¥1.5B Pre-IPO Round Amid Hong Kong IPO Plans

Biren Technology, a Chinese startup developing AI GPUs, has raised about ¥1.5 billion (∼$207M) in new funding. The round was led by state-backed investors, including a Guangdong province fund and a Shanghai government fund. Biren’s chips target AI applications, and the company is reportedly preparing to file for a Hong Kong IPO as early as Q3 2025.

The funding comes as China pushes to build domestic semiconductor champions. Before this round, Biren was valued at roughly ¥14 billion, and the proceeds will support the development and production of its data-center GPU products.

Funding Details:

• Startup: Biren Technology
• Investors: State-linked funds from Guangdong province and Shanghai city
• Amount Raised: ¥1.5 billion (≈$207 million)
• Total Raised: Not disclosed
• Funding Stage: Pre-IPO financing
• Funding Date: June 26, 2025

Decagon Raises $131M Series C to Expand AI Customer Service Platform

Decagon, a San Francisco-based AI customer service startup, announced a $131 million Series C financing. The round was co-led by Accel and Andreessen Horowitz, with returning backers Astar and Bain Capital Ventures, and new investors Avra, Forerunner, and Ribbit Capital. Decagon’s platform uses AI chatbots and voice agents to automate customer support, and clients like Hertz and Duolingo say it has significantly cut contact center costs. The company said it will use the funding to grow its engineering and sales teams and expand sales to larger enterprises. Decagon’s new funding, at a $1.5 billion valuation, highlights continued investor appetite for practical AI applications.

Funding Details:

• Startup: Decagon
• Investors: Accel (co-lead), Andreessen Horowitz (co-lead), Astar, Bain Capital Ventures, BOND, Avra, Forerunner, Ribbit Capital
• Amount Raised: $131 million
• Total Raised: Not disclosed
• Funding Stage: Series C
• Funding Date: June 23, 2025

Meta Plans to Raise $29B for AI Data Centers through Private Financing

Meta Platforms (Facebook) is reportedly planning to raise about $29 billion from private investors to fund construction of AI-focused data centers in the U.S. According to reports, the plan would include $3 billion in equity and $26 billion in debt, and involves major investment firms such as Apollo Global Management, KKR, Brookfield, Carlyle and PIMCO.

The funds would fuel Meta’s expansion of computing capacity for AI research and services, as part of a $65 billion capital expenditure plan this year. Meta has already invested heavily in AI, including a $14.8B stake in AI startup Scale AI, and this additional financing push is aimed at keeping pace with competitors in the AI infrastructure race.

Funding Details:

• Company: Meta Platforms (Facebook)
• Investors: Private capital firms (Apollo, KKR, Brookfield, Carlyle, PIMCO)
• Amount Raised: ~$29 billion (planned)
• Total Raised: N/A (planned financing)
• Funding Stage: Corporate debt & equity raising
• Funding Date: June 2025

Funding Summary Table