Top Startup and Tech Funding News – February 2, 2025

It’s Monday, February 2, 2026, and we’re back with today’s top startup and tech funding news. Today’s financings reflect mounting investor momentum around autonomous systems, stablecoin infrastructure, and embodied AI. As AI-native platforms expand from cloud to robotics and financial rails, venture firms are accelerating their bets on startups building scalable, full-stack systems with global reach.

Strategic and early-stage rounds centered on clinical trial automation, conversational interfaces, and legal AI. Biorce raised $52 million to optimize drug development with machine learning, while Day AI secured $20 million to reinvent CRM with intelligent agents. Checkbox brought in $23 million to streamline legal workflows, and Linq landed $20 million to embed AI assistants into everyday messaging threads.

Autonomous driving, cloud infrastructure, and next-gen mobility dominated late-stage and growth investments. Waabi raised a landmark $750 million Series C to power Uber’s robotaxi future. Rain closed a $250 million round to scale stablecoin-based payments, and LimX Dynamics secured a $200 million round for its humanoid robotics platform. PaleBlueDot AI, Aerofugia, and GrubMarket also drew major rounds to scale critical systems in compute, mobility, and food logistics.

Tech Funding News

Funding Highlights

• Waabi raises $750M Series C to power autonomous trucking and robotaxis
• Rain raises $250M Series C for global stablecoin payments infrastructure
• LimX Dynamics lands $200M Series B for general-purpose humanoid robots
• PaleBlueDot AI raises $150M Series B to expand global AI compute platform
• Aerofugia lands ~$136M growth round to scale eVTOL production
• GrubMarket raises $50M Series H to expand AI-powered food logistics
• Biorce raises $52M Series A to automate clinical trial design
• Checkbox raises $23M Series A to streamline legal automation
• Day AI raises $20M Series A for AI-native CRM
• Linq raises $20M Series A to bring AI agents into messaging

Investor Activity

Today’s rounds drew top-tier VCs, sovereign funds, and strategic investors backing verticalized AI, mobility platforms, and blockchain-native infrastructure. Notable participants included Uber, B Capital, Sequoia, Iconiq, JD.com, and NIO Capital. Across sectors, the focus remains on systems-level innovation—AI-enabled platforms that compress complexity, extend automation, and reshape high-friction industries. Here’s the full breakdown of February 2’s most significant startup and tech fundings.

Waabi Raises $750M in Series C Funding for Autonomous Trucking and Robotaxis

Waabi has secured a massive $750 million Series C, the largest-ever tech fundraising in Canadian history. The Toronto-based startup is pioneering “Physical AI” – an end-to-end AI platform that powers self-driving trucks and, now, robotaxis. Waabi’s unified AI “brain” lets the same model drive different vehicles across varied geographies, dramatically speeding autonomous deployment.

The funding comes with a strategic partnership with Uber: Waabi will exclusively power 25,000+ Uber robotaxis over time. The capital will fuel the continued development of Waabi’s simulation-driven AI, expand its trucking business, and enable a rapid rollout of robotaxis. By combining simulation and real-world learning, Waabi aims to overcome the scaling challenges facing autonomous vehicles.

• Startup: Waabi

• Investors: Khosla Ventures (lead), G2 Venture Partners (co-lead), Uber (strategic partner), NVIDIA’s NVentures, Volvo Ventures, Porsche Holding SE, BlackRock, Radical Ventures, HarbourVest, ADIA, Canadian federal VC funds, and others.

• Amount Raised: $750M (Series C)

• Total Raised: (Series C; total prior unknown)

• Funding Stage: Series C

• Funding Date: Feb 2, 2026

Rain Raises $250M in Series C Funding for Stablecoin Payment Infrastructure

Rain, a crypto-payments startup, closed a $250 million Series C funding led by Iconiq Capital. The round catapults the New York company to a $1.95 billion valuation and brings its total funding to about $338 million. Rain builds enterprise payment infrastructure around stablecoins: its platform lets businesses issue cards and wallets backed by stablecoins and enables easy conversion between dollars and crypto for payments.

The funding comes amid explosive growth (active cards 30×, volume 38× in a year) and follows two prior rounds in under a year. Investors say Rain is poised to replace legacy payment rails with blockchain-native infrastructure. The new capital will help Rain expand its global payments network, add more enterprise customers, and develop its card and app services for tokenized money.

• Startup: Rain

• Investors: Iconiq Capital (lead), Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark Capital, Lightspeed, Norwest, Endeavor Catalyst.

• Amount Raised: $250M (Series C)

• Total Raised: ~$338M (all rounds)

• Funding Stage: Series C

• Funding Date: Feb 2, 2026

LimX Dynamics Raises $200M in Series B Funding for Humanoid Robots

LimX Dynamics has closed a $200 million Series B funding to advance its general-purpose humanoid robots. The Chengdu-based robotics startup is developing dexterous, embodied-intelligence robots (e.g., the bipedal TRON and modular bases) with its own “Agentic OS” for autonomous decision-making. The Series B round was led by Oriental Fortune Capital and Cornerstone Capital and included strategic partners JD.com and Zhongding Group, along with SAIC Shangqi Capital and NIO Capital, which upsized their stakes.

LimX says it will use the proceeds to scale R&D and global market rollout of its hardware and intelligent systems. The fundraising comes as embodied-AI robots gain traction worldwide; LimX’s full-stack approach (hardware + AI brain) has attracted investor confidence in China’s nascent “embodied intelligence” sector.

• Startup: LimX Dynamics

• Investors: Oriental Fortune Capital (lead), Cornerstone Capital (co-lead), JD.com (strategic), Zhongding Group, SAIC Shangqi Capital, NIO Capital.

• Amount Raised: $200M (Series B)

• Total Raised: (not disclosed)

• Funding Stage: Series B

• Funding Date: Feb 2, 2026

PaleBlueDot AI Raises $150M in Series B Funding for Global AI Compute Platform

Silicon Valley’s PaleBlueDot AI announced a $150 million Series B funding, led by B Capital, at a valuation above $1 billion. The startup offers a global AI compute platform (with data centers in North America and Asia) for scalable model training and inference. Demand for on-demand AI infrastructure has surged, and PaleBlueDot reported 10× revenue growth over the past year.

The new funding will deepen its engineering and expand its international footprint to meet enterprise needs for high-performance, predictable GPU compute at scale. Backed by notable investors, the company competes with other AI cloud players by promising cost-efficient, locally compliant GPU access worldwide.

• Startup: PaleBlueDot AI

• Investors: B Capital (lead).

• Amount Raised: $150M (Series B)

• Total Raised: ~$160M (including prior $10M Series A)

• Funding Stage: Series B

• Funding Date: Feb 2, 2026

Aerofugia Lands Nearly ¥1B in Growth Funding for eVTOL Production

Aerofugia, a Chengdu-based eVTOL aircraft startup, announced it has closed a new funding round of nearly ¥1 billion (≈$136M) on Feb 2. The capital infusion – the largest in China’s low-altitude transport sector so far in 2026 – follows a rapid previous raise and underscores strong investor confidence in Aerofugia’s eVTOL program. The company says funds will fuel the “critical sprint phase” from prototype to commercial product, focusing on airworthiness certification of its AE200 series and scaling production at its global HQ.

Aerofugia has already achieved key milestones (first aircraft rolled off, verification flights completed) and has secured orders exceeding 1,000 units. Lead investor CSCI highlighted that this boost aligns with national goals for advanced manufacturing. In short, Aerofugia’s sizeable funding positions it to move its flagship eVTOL into large-scale operation for urban air mobility.

• Startup: Aerofugia

• Investors: CSCI (lead strategic investor); others undisclosed.

• Amount Raised: ~¥1.0B (~$136M) (growth round).

• Total Raised: (not disclosed)

• Funding Stage: Growth Equity (undisclosed series)

• Funding Date: Feb 2, 2026

Biorce Raises $52M Series A Funding to Accelerate AI in Clinical Trials

Biorce, a Barcelona-based healthtech startup, has raised $52 million in a Series A led by DST Global Partners. The AI company uses machine learning to optimize clinical trial design and execution; its platform, “Aika,” analyzes hundreds of thousands of past trials to improve protocol design, feasibility, and patient recruitment. The Series A increases Biorce’s total funding to about $62 million. Proceeds will be used to expand internationally (especially into the U.S.), grow the team, and further develop the AI platform.

With regulators and pharma under pressure to speed drug development, Biorce’s data-driven approach to cutting trial delays has drawn interest from top VCs. The new funding validates Biorce’s vision of reducing trial costs and timelines with AI, addressing a major inefficiency in drug R&D.

• Startup: Biorce

• Investors: DST Global Partners (lead), with participation from Norrsken VC, YZR Capital, Mustard Seed Maze and angels (Arthur Mensch, Albert Nieto, Paulo Rosado, Nik Storonsky).

• Amount Raised: $52M (Series A)

• Total Raised: ~$62M (all rounds)

• Funding Stage: Series A

• Funding Date: Feb 2, 2026

Checkbox Raises $23M Series A Funding for AI-Powered Legal Automation

Checkbox, a startup making an AI “front door” for corporate legal teams, raised $23 million in a Series A round led by Touring Capital. The no-code platform integrates with tools such as email, Slack, and Microsoft Teams to route legal queries through automated AI workflows. Checkbox already serves 100+ enterprises (including SAP and PepsiCo) by resolving routine legal tasks automatically and escalating only complex issues to attorneys.

The fresh funding (at a $100M valuation) will be used to enhance its AI capabilities and accelerate enterprise rollout of its legal automation platform. With in-house legal teams facing growing workloads, Checkbox’s AI-driven workflow promises to reduce manual bottlenecks. The strong funding round, backed by specialized AI and enterprise VCs, underscores the demand for AI tools that can scale legal operations.

• Startup: Checkbox

• Investors: Touring Capital (lead), Peak XV, Tidal Ventures, Conductive Ventures, Five V Capital.

• Amount Raised: $23M (Series A)

• Total Raised: $23M (Series A)

• Funding Stage: Series A

• Funding Date: Feb 2, 2026

Day AI Raises $20M in Series A Funding for AI-Native CRM Platform

Day AI, a sales CRM startup building AI “agents” for revenue teams, announced a $20 million Series A led by Sequoia Capital. Founded by HubSpot veterans, Day AI is launching an “AI-native” CRM that automates pipeline and customer data management with minimal manual input. Its AI assistant can, for example, automate meeting prep, note-taking, and follow-up based on conversation context. The funding (at a reported $100M valuation) will help Day AI scale product development and hire for its Boston-based team.

With enterprise SaaS giants now racing to embed AI, Day AI’s raise reflects investor bets on startups that can redefine CRM with large language models. (The company had previously raised a $4M seed.) By codifying sales processes in AI workflows, Day AI aims to dramatically improve productivity – a pitch that has attracted top-tier VC support.

• Startup: Day AI

• Investors: Sequoia Capital (lead), Greenoaks Capital, Conviction, Sound Ventures, Permanent Capital.

• Amount Raised: $20M (Series A)

• Total Raised: ~$24M (incl. prior $4M seed)

• Funding Stage: Series A

• Funding Date: Feb 2, 2026

Linq Raises $20M in Series A Funding to Embed AI Assistants in Messaging

Messaging-infrastructure startup Linq announced a $20 million Series A on Feb 2, led by TQ Ventures. Linq’s platform lets AI assistants operate within everyday messaging apps (iMessage, RCS, SMS, Slack, etc.) via a “blue-bubble” API, reducing friction from standalone apps. For example, companies can build conversational bots that chat through users’ native message threads. Linq’s founders (ex-Shipt) report surging demand after major AI tools started using their API to automate tasks via text.

The Series A proceeds will expand Linq’s messaging API globally, diversify channels (including voice and WeChat), and support scaling its user base. By acting as the “Twilio of AI messaging,” Linq aims to control the connective layer between LLMs and user workflows. The funding, with participation from Mucker Capital and angel backers, signals confidence in Linq’s vision to de-appify AI experiences.

• Startup: Linq

• Investors: TQ Ventures (lead), Mucker Capital, and other angels.

• Amount Raised: $20M (Series A)

• Total Raised: $20M (Series A)

• Funding Stage: Series A

• Funding Date: Feb 2, 2026

GrubMarket Raises $50M Series H for AI-Driven Food Supply Chain Platform

GrubMarket, an AI tech startup, has raised $50 million in Series H funding to expand its AI-driven supply chain platform. The San Francisco company, which digitizes food distribution and logistics, is using the funds to fuel further e-commerce and AI expansion. Investors in the round include Future Food Fund, Portfolia, Liberty Street Funds, RD Heritage, Flume Ventures, MY Securities, and others. This new round significantly increases GrubMarket’s valuation to ~$4.5 billion. It follows recent milestones, such as launching inventory- and reporting-AI agents for food suppliers.

GrubMarket will invest the proceeds in scaling its AI software suite, expanding its marketplace (currently serving clients worldwide), and reinforcing its infrastructure. The Series H underscores strong demand for technology-driven solutions in food distribution – an industry GrubMarket claims to be first moving into AI-powered automation.

• Startup: GrubMarket

• Investors: Future Food Fund (lead), Portfolia Funds, Liberty Street Funds, RD Heritage Group, Flume Ventures, MY Securities, and others.

• Amount Raised: $50M (Series H)

• Total Raised: (prior total undisclosed)

• Funding Stage: Series H

• Funding Date: Feb 2, 2026

Tech Funding Summary Table