Morning VC Brief丨2025.02.20

Morning VC Brief is an expert daily curation of tech and venture news. Feel free to forward; the sign-up is here

01. Venture News

1/ Autonomous Vessel Startup Saronic raises $600M Series C at $4B

Saronic is mission to build a fleet of autonomous vessels in America that redefines maritime superiority and guarantees freedom of the seas for generations to come. Port Alpha will deliver an advanced waterside facility designed from the ground up around a first-principles approach to shipbuilding. This round was led by Elad Gil with participation from General Catalyst, a16z, Lightspeed Venture Partners and more. Link

2/ GenAI for Clinical Conversation Startup Abridge raises $250M Series D at 2.75B

Abridge transforms medical conversations into clinically useful and billable documentation at the point of care, reducing administrative burden and clinician burnout while improving patient experience. This round was led by Elad Gil and IVP with participation from Bessemer Venture Partners, California Health Care Foundation, CapitalG and more. Link

3/ AI Marketing Platform Hightouch raises $80M Series C at $1.2B

Hightouch is a data platform that helps sync customers' data from the data warehouse to CRM, marketing, and support tools. Hightouch’s second product is a newer offering, AI Decisioning, which goes deeper into machine learning and automation to do what the name says. This round was led by Sapphire Ventures with participation from Bain Capital Ventures, ICONIQ Growth, Y Combinator and more. Link

4/ 3D Printing House Startup ICON raises $56M Series C

ICON is a construction technology company that uses 3D robotics, software, and advanced materials. This round was led by Norwest Venture Partners and Tiger Global with participation from Modern Ventures, LenX and more. Link

5/ Reservation Platform Dorsia raises $50M Series A

Dorsia is a members-only platform that offers reservations at in-demand restaurants in major cities. Dorsia partners with restaurants who offer seats in return for a predetermined minimum spend per person, based on dynamic pricing and availability. This round was led by Index Ventures with participation from Invus and more. Link

6/ Legal AI Startup Eudia raises $105M Series A

Eudia offers an augmented Intelligence platform designed for in-house legal departments at Fortune 500 companies. Eudia’s customers include Fortune 500 companies such as Cargill, DHL, Duracell, and Coherent. This round was led by General Catalyst with participation from Sierra Ventures, Defy Ventures and more. Link

7/ Unified GTM Platform Tofu raises $12M Series A

Tofu create a unified platform that supports a comprehensive range of GTM use cases, enabling marketing teams to build cohesive, on-brand, omni-channel campaigns at scale while personalizing assets for every customer segment. This round was led by SignalFire with participation from HubSpot Ventures, Tau Ventures, Correlation Ventures and more. Link

8/ Humanoid Robotics Startup Apptronik raises $350M Series A

Apptronik is developing Apollo whose tasks will include working in warehouses and manufacturing plants by moving packages and other supply chain-oriented tasks. This round was led by B Capital and Capital Factory with participation from Google, Trajectory Ventures and more. Link

9/ Satellite Manufacturing Startup K2 Space raises $110M Series B

K2 Space aims to disrupt the industry with lower-cost, high-capacity spacecraft. K2 Space will accelerate the production of “Mega” class satellite buses that the company claims can be built for under $15 million per unit with lead times of less than three months. This round was led by Lightspeed Venture Partners and Altimeter Capital with participation from Alpine Space Ventures, First Round Capital and more. Link

10/ AI Inference Platform Baseten raises $75M Series C

Baseten is mission to build the world’s best inference platform for mission-critical AI workloads. Baseten works with some of the fastest-growing AI companies, including Abridge, Bland, Descript, Gamma, Writer, and many more. This round was led by IVP and Spark Capital with participation from Greylock, Conviction, South Park Commons and more. Link

11/ Industry AI Solution Augury raises $75M Series F

Augury uses purpose-built AI technology, trained by industry experts and the world’s largest data library, to help manufacturing and industrial companies eliminate production downtime, improve process efficiency, maximize yield, and reduce waste and emissions. This round was led by Lightrock with participation from Insight Venture Partners, Eclipse, Qualcomm Ventures and more. Link