
What happened
Re:Build closed $2.1 billion in new funding led by General Catalyst and JPMorganChase, while Kalshi raised a $1 billion Series G led by Wellington Management and Sequoia Capital.
Why it matters
The two deals topped a week that also included large rounds for construction automation, biotech, batteries and enterprise AI, signaling that investors are still writing big checks for physical-world and prediction-market startups.
Summaries like this, every morning.
This week's list shows investors still willing to commit large sums to startups that pair software with physical operations. Re:Build, a six-year-old Framingham, Massachusetts company, partners with industrial firms from product design through large-scale production, and its $2.1 billion round was led by General Catalyst and JPMorganChase. Kalshi, a New York-based predictions marketplace, raised a $1 billion Series G led by Wellington Management and Sequoia Capital. Those two deals anchored a week in which construction automation, biotech, batteries and enterprise AI also appeared among the top ten. Bedrock Robotics, for example, raised $600 million for autonomous heavy equipment, while Dren Bio closed on $350 million for antibody therapeutics. The spread of sectors suggests the appetite for large checks is not confined to a single corner of the market.
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