Top 10 Startup and Tech Funding News – July 22, 2025
Nickie Louise
Posted On July 22, 2025
It’s Tuesday, July 22, 2025, and we’re back with your daily snapshot of startup and global tech funding news, tracking where capital is flowing and which founders are building what’s next in AI, robotics, enterprise software, and beyond.
Today’s funding rounds showcase a deep push into frontier tech and applied AI. From stealth-mode encryption tools and robotic security patrols to self-driving science labs and infrastructure for AI agents, startups are drawing bold bets from top-tier VCs. U.S. and European founders alike are tapping fresh capital to modernize healthcare access, automate back-office operations, and rewire the future of chipmaking.
Funding Highlights
Reka AI leads the day with a $110 million Series B at a $1 billion valuation, aiming to expand its multimodal foundation models globally. Xelix followed with a $160 million raise to bring AI-powered automation to accounts payable departments worldwide. Meanwhile, deep-tech newcomers like Radical AI and xLight scored major seed and Series B rounds, pushing boundaries in material discovery and chip infrastructure.
Investor Activity
We saw strong participation from firms like Insight Partners, Lightspeed, Decibel, and Andreessen Horowitz, alongside strategic investments from Nvidia, Snowflake, and HubSpot’s Dharmesh Shah. Whether it’s building with AI, securing infrastructure, or fixing the cracks in public systems like Medicaid, today’s startups are chasing scale—and investors are following fast.
Here’s the full breakdown of the 10 equity funding rounds announced today—complete with funding stages, investor details, and how each startup plans to use the capital.
Confident Security Launches with $4.2M in Seed Funding to Bring Privacy to AI
San Francisco-based Confident Security has emerged from stealth with a $4.2 million seed round aimed at tackling one of AI’s biggest hurdles: data privacy. The startup’s encryption platform, called CONFSEC, wraps around AI models to keep user prompts and metadata completely private – even hidden from the model providers themselves.
By ensuring end-to-end encryption and anonymity, Confident Security plans to unlock AI adoption in sensitive sectors like finance, healthcare, and government. Founded by Jonathan Mortensen and inspired by Apple’s privacy approaches, the company will use the new funding to accelerate deployment of its enterprise-grade privacy solution so regulated industries can confidently embrace AI.
Funding Details:
- Startup: Confident Security
- Investors: Decibel (lead), South Park Commons, Ex Ante, and tech veteran Shawn “Swyx” Wang.
- Amount Raised: $4.2 million
- Total Raised: $4.2 million
- Funding Stage: Seed
- Funding Date: July 22, 2025
Scrunch AI Raises $15M in Series A Funding to Boost Brands in AI Search
Scrunch AI, an AI marketing startup helping brands stay visible in the age of ChatGPT and voice assistants, has secured $15 million in Series A funding to expand its platform. The company’s software lets businesses monitor and improve how they appear in AI-driven search results and large language model outputs – essentially SEO for AI agents.
In just under a year on the market, Scrunch’s platform has attracted over 500 brands (including Lenovo and Webflow), who’ve seen significant jumps in traffic and visibility by optimizing content for generative AI queries. Co-founded by CEO Chris Andrew, the San Francisco-based startup will leverage this new capital to accelerate development of its Agent Experience Platform, ensuring companies can “stand out” to AI agents and not just traditional web search engines.
Funding Details:
- Startup: Scrunch AI
- Investors: Decibel (lead), Mayfield, Homebrew, with notable angels like TJ Parker (PillPack co-founder) and Bryant Chou (Webflow co-founder).
- Amount Raised: $15 million
- Total Raised: $19 million
- Funding Stage: Series A
- Funding Date: July 22, 2025
Composio Secures $25M in Series A Funding to Streamline AI Agent Development
Composio has closed a $25 million Series A to simplify how developers build and deploy AI agents. The startup’s lead investor, Lightspeed, announced the news Tuesday. The San Francisco-based startup (officially Sampark Inc.) provides a cloud platform that drastically shortens the process of creating AI-driven software agents – cutting development time from days to mere minutes.
Composio’s infrastructure automates tedious steps like authentication workflows and integrations, so an agent can quickly connect to over 3,000 apps and data sources without custom code. Over 200 companies already use Composio to spin up agents that perform tasks autonomously across their tools.
With this new funding, Composio will expand its platform’s capabilities, allowing AI agents to continuously learn and share knowledge at scale. The goal is to empower businesses to turn any complex workflow into an intelligent agent in a fraction of the time.
Funding Details:
- Startup: Composio
- Investors: Lightspeed Venture Partners (lead), SV Angel, HubSpot founder Dharmesh Shah, and other strategic backers.
- Amount Raised: $25 million
- Total Raised: ~$29 million
- Funding Stage: Series A
- Funding Date: July 22, 2025
Fortuna Health Secures $18M in Funding to Modernize Medicaid Navigation
New York-based Fortuna Health raised $18 million in Series A funding to expand its consumer-first Medicaid navigation platform. Fortuna helps patients and families enroll in and renew public health coverage by streamlining the notoriously complex Medicaid process. Its intelligent, multilingual system integrates with government data sources and pairs users with live “navigators,” guiding them through forms, eligibility checks, and renewals step by step.
By reducing coverage gaps and “churn” by about 15%, Fortuna ensures more people stay continuously insured. Co-founded by CEO Nikita Singareddy, the startup plans to use this infusion to enhance its AI-driven workflows and quickly adapt the platform to new Medicaid policy changes on the horizon. The round’s success – led by a top Silicon Valley firm – underscores growing investor interest in tech solutions for healthcare access.
Funding Details:
- Startup: Fortuna Health
- Investors: Andreessen Horowitz (lead), Y Combinator, and a group of health and tech executives from companies like DoorDash, One Medical, Oscar Health, and Vanta.
- Amount Raised: $18 million
- Total Raised: ~$22 million
- Funding Stage: Series A
- Funding Date: July 22, 2025
Radical AI Lands $55M in Seed Funding to Build Autonomous Materials Labs
In one of the largest seed rounds in recent memory, Radical AI nabbed $55 million in seed funding to advance its vision of AI-powered, autonomous laboratories for materials science. Based in New York City and led by CEO Joseph F. Krause, Radical AI is developing “self-driving labs” – intelligent systems that can independently discover, synthesize, and test new materials.
By fusing AI with automated experimental facilities, the startup aims to dramatically accelerate breakthroughs in fields like clean energy, semiconductors, and biotech, where progress is often bottlenecked by slow, manual R&D. The hefty seed round will enable Radical AI to scale up its operations and begin reconstructing the traditional scientific process from the ground up. Armed with backing from major deep-tech investors, the company is poised to tackle modern challenges by discovering the next generation of high-performance materials at unprecedented speed.
Funding Details:
- Startup: Radical AI
- Investors: RTX Ventures (lead), NVentures (NVIDIA’s venture arm), Noa Capital, Eni Next, Infinite Capital, and AlleyCorp
- Amount Raised: $55 million
- Total Raised: $55 million
- Funding Stage: Seed
- Funding Date: July 22, 2025
Asylon Robotics Fetches $26M in Series B Funding for Autonomous Security Drones
Philadelphia-based Asylon Robotics has raised $26 million in Series B financing to scale up its fleet of autonomous security drones and robot dogs. The round was led by Insight Partners, with participation from Veteran Ventures Capital, Allegion Ventures, and the GO PA Fund.
Founded by a trio of MIT aerospace engineers, Asylon offers “robotics-as-a-service” security systems for large facilities: aerial drone units, four-legged DroneDogs (robotic canines based on Boston Dynamics’ Spot), and a unified software platform to control them.
These robo-guards can patrol corporate campuses, warehouses, and even defense sites, providing 24/7 surveillance and rapid incident response without risking human guards. Asylon’s technology has already logged hundreds of thousands of patrol missions, and demand is rising as organizations seek cost-effective, automated security solutions. With the new funding, Asylon will expand its engineering and go-to-market teams, accelerate product development, and deploy its drones and robotic watchdogs at a greater scale across enterprise and government customers.
Funding Details:
- Startup: Asylon Robotics
- Investors: Insight Partners (lead), Veteran Ventures Capital, Allegion Ventures, and the GO PA Fund.
- Amount Raised: $26 million
- Total Raised: ~$45 million
- Funding Stage: Series B
- Funding Date: July 22, 2025
xLight Raises $40M in Funding to Build Next-Gen Chipmaking Lasers
Silicon Valley startup xLight has secured $40 million in a Series B round to develop a breakthrough laser for advanced chip fabrication. xLight is designing a new class of extreme ultraviolet (EUV) lasers based on free-electron laser technology (derived from particle accelerators) that could dramatically improve the output of semiconductor “fabs.”
Today’s most cutting-edge chips require EUV lithography tools – a field dominated by one Dutch supplier – and xLight’s novel light source aims to produce more powerful, efficient EUV beams to boost chip production capacity. By pursuing this frontier tech, Palo Alto-based xLight is positioning the U.S. to regain leadership in a critical chipmaking capability that China is also heavily investing in.
The oversubscribed funding round, joined by deep-tech VCs and industry veterans, will propel xLight toward building its first full-scale laser prototype (expected by 2028) and, ultimately, to revolutionize how silicon wafers are manufactured in the era of AI-driven chip demand.
Funding Details:
- Startup: xLight
- Investors: Playground Global (lead), Boardman Bay Capital Management, Morpheus Ventures, Marvel Capital, and IAG Capital Partners.
- Amount Raised: $40 million
- Total Raised: Not disclosed
- Funding Stage: Series B
- Funding Date: July 22, 2025
Reka AI Reels in $110M in Funding at $1B Valuation to Scale Multimodal AI
Reka AI, a California-based AI research startup, announced $110 million in new funding that values the young company at $1 billion. Founded in 2022 by former DeepMind engineers, Reka specializes in multimodal large language models – AI systems that can understand and generate not just text but also images, audio, and video.
The startup’s flagship model, Reka Flash, and its AI platforms like Reka Vision have drawn industry attention for delivering advanced capabilities with high efficiency. This hefty investment round, backed by tech giants Nvidia and Snowflake, more than triples Reka’s valuation from a year ago and cements its status as a newly minted AI unicorn. With the fresh capital, Reka plans to accelerate development of its next-generation models, scale its infrastructure for cost-effective AI inference, and expand globally to meet surging enterprise demand for powerful yet efficient AI solutions.
Funding Details:
- Startup: Reka AI
- Investors: Nvidia and Snowflake (lead investors), along with other undisclosed participants.
- Amount Raised: $110 million
- Total Raised: ~$168 million
- Funding Stage: Series B
- Funding Date: July 22, 2025
Boulevard Books $80M in Funding to Power AI-Driven Self-Care Platform
Los Angeles-based software firm Boulevard has closed an $80 million Series D round to advance its AI-enabled platform for the beauty and self-care industry. Boulevard provides a business management solution used by thousands of salons, spas, and medspas to handle appointments, payments, and personalized marketing. Notably, the platform’s Precision Scheduling feature leverages artificial intelligence to optimize booking times and staffing, helping self-care businesses boost revenue and enhance client experiences.
The new funding nearly doubles Boulevard’s valuation to roughly $800 million and will fuel the rollout of more enterprise features and AI-driven tools across the wellness sector. Co-founder and CEO Matt Danna says Boulevard has seen over 400% revenue growth since 2022 by expanding into medical spa clinics and other high-growth segments. With this Series D backing, Boulevard intends to deepen its footprint in the U.S. (where it already serves about 15% of the medspa market) and continue innovating how tech can elevate every facet of the self-care customer journey.
Funding Details:
- Startup: Boulevard
- Investors: JMI Equity (lead), Index Ventures, and VMG Partners.
- Amount Raised: $80 million
- Total Raised: ~$188 million
- Funding Stage: Series D
- Funding Date: July 22, 2025
Xelix Secures $160M in Series B Funding to Automate Accounts Payable with AI
Xelix, a London-based fintech software company, has announced a massive $160 million Series B raise to accelerate its AI-powered accounts payable platform. Xelix’s system acts as an intelligent control layer for large enterprises’ finance departments – automatically auditing invoices, detecting payment errors or fraud, and handling supplier queries through an AI “AP Helpdesk” module.
Used by global clients like AstraZeneca and Virgin Atlantic, Xelix processes over 115 million invoices and audits more than $750 billion in spend annually, helping companies save millions by catching mistakes and streamlining back-office workflows. The new funding, led by Insight Partners with support from previous investors Passion Capital and LocalGlobe, will fuel product development and international expansion. With this investment, Xelix aims to further embed AI into the traditionally manual world of payables, transforming AP from a tedious cost center into a strategic, data-driven function for businesses worldwide.
Funding Details:
- Startup: Xelix
- Investors: Insight Partners (lead), Passion Capital, and LocalGlobe.
- Amount Raised: $160 million
- Total Raised: ~$165 million
- Funding Stage: Series B
- Funding Date: July 22, 2025
Tech Funding Summary Table
| Startup | Investors (Lead and notable) | Amount Raised | Total Raised | Funding Stage | Funding Date |
|---|---|---|---|---|---|
| Confident Security | Decibel (lead); South Park Commons; Ex Ante; Swyx (angel) | $4.2 M | $4.2 M | Seed | July 22, 2025 |
| Scrunch AI | Decibel (lead); Mayfield; Homebrew; TJ Parker (angel) | $15 M | $19 M | Series A | July 22, 2025 |
| Composio | Lightspeed (lead); SV Angel; Dharmesh Shah (HubSpot) | $25 M | ~$29 M | Series A | July 22, 2025 |
| Fortuna Health | Andreessen Horowitz (lead); Y Combinator; DoorDash & One Medical execs | $18 M | ~$22 M | Series A | July 22, 2025 |
| Radical AI | RTX Ventures (lead); NVIDIA NVentures; Noa; Eni Next; AlleyCorp | $55 M | $55 M | Seed | July 22, 2025 |
| Asylon Robotics | Insight Partners (lead); Veteran Ventures; Allegion; GO PA Fund | $26 M | ~$45 M | Series B | July 22, 2025 |
| xLight | Playground Global (lead); Boardman Bay; Morpheus; Marvel; IAG | $40 M | Not disclosed | Series B | July 22, 2025 |
| Reka AI | Nvidia (co-lead); Snowflake (co-lead); others | $110 M | ~$168 M | Series B | July 22, 2025 |
| Boulevard | JMI Equity (lead); Index Ventures; VMG Partners | $80 M | ~$188 M | Series D | July 22, 2025 |
| Xelix | Insight Partners (lead); Passion Capital; LocalGlobe | $160 M | ~$165 M | Series B | July 22, 2025 |
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