Top tech startup funding news for today, May 12, 2025

It’s May 12, 2025, and we’re back with the daily rundown of the biggest startup and tech funding moves around the globe. From quantum computing to tokenized real estate, from no-code AI platforms to healthy snacking brands—today’s deal sheet is anything but boring.

Leading the charge is Rippling with a massive $450 million Series G round at a $16.8 billion valuation, reaffirming its position as a heavyweight in the HR and IT automation space. Meanwhile, Classiq scored a hefty $110 million to push the boundaries of quantum software, and Stash pocketed $146 million to scale its personal finance platform and AI-powered “Money Coach.”

But it wasn’t just the giants making noise. Dinari raised $12.7 million to bring tokenized U.S. equities on-chain, Farmley locked in $40 million to fuel India’s healthy snacking boom, and early-stage startups like StackAI and Theom pulled in fresh capital to power AI agent builders and next-gen data security.

Whether it’s DeFi infrastructure in the Cayman Islands or dopamine infusion therapy in France, investors are still betting big—and broad.

Here’s who raised, how much, and why it matters.

Rippling Raises $450M Series G for HR & IT Platform at $16.8B Valuation

Rippling, a San Francisco-based HR and IT management platform, raised $450 million in a Series G funding round, valuing the company at $16.8 billion. The round had participation from new and existing backers, including Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth. Rippling, which provides an all-in-one workforce management solution (covering HR, IT, and finance), plans to use the funds to continue expanding its product suite and global reach while also launching a $200 million employee stock buyback program for liquidity. (This brings Rippling’s total funding to roughly $1.85 billion across seven rounds.)

Funding Details:

• Startup: Rippling

• Investors: Y Combinator, Elad Gil, Sands Capital, GIC, Goldman Sachs Growth, and other existing investors

• Amount Raised: $450 million

• Total Raised: Approximately $1.85 billion (cumulative)

• Funding Stage: Series G

• Funding Date: May 12, 2025

Alt DRX Raises $2.7M Pre-Series A for Tokenized Real Estate Marketplace

Alt DRX, a Bengaluru, India-based tokenized digital real estate marketplace startup, raised $2.7 million in a Pre-Series A round to accelerate its platform that lets users buy and sell tokenized property one square foot at a time. The funding will be used to expand Alt DRX’s operations and development efforts as it aims to bring blockchain-enabled transparency to real estate transactions in “middle India.”

Funding Details:

• Startup: Alt DRX

• Investors: Qatar Development Bank, Times of India Brand Capital, Hindustan Media Ventures, Zee Group, WeFounder Circle Angel Fund, nX Capital, and notable angels (including cricket commentator Harsha Bhogle)

• Amount Raised: $2.7 million

• Total Raised: Not disclosed

• Funding Stage: Pre-Series A

• Funding Date: May 12, 2025

Classiq Raises $110M Mid-Stage Round for Quantum Computing Software

Classiq, an Israeli quantum computing startup, raised $110 million in a mid-stage private funding round to advance its quantum software platform that aims to be the “essential software stack” for real-world quantum applications. This round brings Classiq’s total funding to $173 million, and the company plans to use the capital to continue scaling its customer base and partnerships with major tech firms like Microsoft, Nvidia, and AWS.

Funding Details:

• Startup: Classiq

• Investors: Entree Capital (lead), with participation from Norwest, NightDragon, Hamilton Lane, Clal, Neva SGR, Phoenix, Team8, IN Venture, Wing, HSBC, Samsung Next, QBeat, and others.

• Amount Raised: $110 million

• Total Raised: $173 million

• Funding Stage: Mid-stage (private round)

• Funding Date: May 12, 2025

Dinari Raises $12.7M Series A for Tokenized Equity Trading Platform

Dinari, a Palo Alto, CA-based tokenized equity trading startup, raised $12.7 million in a Series A round to expand its platform for trading tokenized shares of real-world assets. The company’s API-driven solution, dShares, lets fintechs and neobanks offer fractional shares of U.S. equities on-chain, bridging traditional stocks with digital finance infrastructure. The new funding will help Dinari broaden its asset offerings, integrate with institutional partners, and scale its infrastructure globally.

Funding Details:

• Startup: Dinari

• Investors: Hack VC and Blockchange Ventures (co-leads), with participation from VanEck Ventures, F-Prime Capital, and Blizzard’s Avalanche Fund

• Amount Raised: $12.7 million

• Total Raised: Not disclosed

• Funding Stage: Series A

• Funding Date: May 12, 2025

Farmley Raises $40M Series C for Healthy Snacking Expansion

Farmley, a Noida, India-based D2C healthy snacking brand specializing in dried fruits and “makhana” (fox nuts), raised $40 million in a Series C round led by L Catterton, with participation from DSG Consumer Partners. The fresh capital will help Farmley scale up its operations in India’s dried fruits and nuts segment, penetrate untapped markets, and develop new nutritious snack products. Founded in 2017, Farmley sells flavored dry fruits and nuts online and via e-commerce platforms, and with this round, it has raised approximately $54.7 million to date.

Funding Details:

• Startup: Farmley

• Investors: L Catterton (lead), DSG Consumer Partners, BC Jindal Group (existing investor)

• Amount Raised: $40 million

• Total Raised: $54.7 million

• Funding Stage: Series C

• Funding Date: May 12, 2025

Glass Imaging Raises $20M Series A for AI-Powered Camera Technology

Glass Imaging, a Los Altos, CA-based company using AI to improve digital image quality, raised $20 million in a Series A funding round. The round was led by Insight Partners with participation from GV (Google Ventures), Future Ventures, and Abstract Ventures. Glass Imaging develops licensable camera technology (software and optics) that can dramatically enhance photo quality on devices ranging from smartphones to drones. The new funding will be used to implement its AI-driven imaging solutions across a wide range of camera platforms and enable novel camera hardware designs.

Funding Details:

• Startup: Glass Imaging

• Investors: Insight Partners (lead); GV, Future Ventures, Abstract Ventures

• Amount Raised: $20 million

• Total Raised: Not disclosed (previously raised $9.3M in extended seed round)

• Funding Stage: Series A

• Funding Date: May 12, 2025

InBrain Pharma Raises €1.8M (~$2M) for Parkinson’s Treatment Development

InBrain Pharma, a Lille, France-based biotechnology startup, raised €1.8 million (about $2.0 million) in funding to advance its PERCEPAR project, a novel dopamine perfusion therapy for Parkinson’s disease. The company specializes in personalized neurology solutions and plans to use the funds to support clinical development of its intracerebral dopamine delivery treatment for advanced-stage Parkinson’s patients. (Investors were not disclosed for this seed-stage financing.)

Funding Details:

• Startup: InBrain Pharma

• Investors: Not disclosed

• Amount Raised: €1.8 million (approximately $2 million)

• Total Raised: Not disclosed

• Funding Stage: Seed/Early Funding

• Funding Date: May 12, 2025

JustDeliveries Raises $0.7M Seed Funding for Cold-Chain Logistics Expansion

JustDeliveries, an India-based cold-chain logistics startup, raised ₹5.5 crore (approximately $0.7 million) in a seed funding round co-led by VC Grid and NABVentures. The capital will be used to enhance JustDeliveries’ tech platform and expand its temperature-controlled supply chain services into three new cities (including Lucknow and Chennai) to meet nationwide demand. With this infusion, the company’s total funding reaches about $2 million to date, supporting its mission to improve mid-mile logistics for food and perishables across India.

Funding Details:

• Startup: JustDeliveries

• Investors: VC Grid and NABVentures (co-leads); LetsVenture, Anay Ventures, FAAD Network, among others

• Amount Raised: $0.7 million (₹5.5 crore)

• Total Raised: $2 million

• Funding Stage: Seed Round

• Funding Date: May 12, 2025

Sonic Labs Secures $10M Strategic Investment for U.S. DeFi Expansion

Sonic Labs, a Cayman Islands-based DeFi infrastructure startup, announced a $10 million strategic funding through a token sale of its “S” token to Galaxy Digital to fuel its expansion in the U.S. market. This strategic partnership with Galaxy, a leading digital asset investor, will support Sonic Labs in growing its high-performance blockchain ecosystem and bridging traditional finance with decentralized finance in the U.S.. The investment, revealed at Sonic’s summit on May 6–8, underscores increasing institutional confidence in blockchain infrastructure as Sonic Labs scales its DeFi platform.

Funding Details:

• Startup: Sonic Labs

• Investors: Galaxy Digital (strategic investor)

• Amount Raised: $10 million

• Total Raised: Not disclosed

• Funding Stage: Strategic Investment (Token Sale)

• Funding Date: May 12, 2025

StackAI Raises $16M Series A for No-Code AI Agent Platform

StackAI, a San Francisco-based no-code AI agent startup, raised $16 million in a Series A round to democratize the creation of AI automation agents for non-technical users. The funding was led by Lobby Capital and accompanied by investors including LifeX Ventures, Vercel CEO Guillermo Rauch, Weaviate CEO Bob van Luijt, Gradient Ventures, Y Combinator, and Epakon Capital. StackAI’s platform enables businesses to build custom AI workflows via a drag-and-drop interface, integrating large language models and data sources without coding. The new capital will help StackAI expand its engineering team, scale its platform, onboard enterprise clients, and launch a marketplace for pre-built AI agent templates.

Funding Details:

• Startup: StackAI

• Investors: Lobby Capital (lead); LifeX Ventures; Guillermo Rauch (Vercel); Bob van Luijt (Weaviate); Gradient Ventures; Y Combinator; Epakon Capital

• Amount Raised: $16 million

• Total Raised: Not disclosed (prior $3M seed in 2023)

• Funding Stage: Series A

• Funding Date: May 12, 2025

Stash Raises $146M Series H to Expand Personal Finance Platform

Stash, a New York City-based investment and personal finance platform, raised $146 million in a Series H funding round to accelerate product innovation and growth of its user base. The round was led by Goodwater Capital, with participation from returning investors including Union Square Ventures, StepStone Group, Serengeti, and the University of Illinois Foundation, as well as funds advised by T. Rowe Price. Stash offers an app that helps over 1 million users save and invest with subscription plans starting at $3/month, and it recently launched an AI-powered “Money Coach” for personalized financial guidance. The Series H funding will support new product features, scaling operations, and further development of Stash’s AI-driven financial coaching tools.

Funding Details:

• Startup: Stash

• Investors: Goodwater Capital (lead); Union Square Ventures; StepStone Group; Serengeti; University of Illinois Foundation; T. Rowe Price Investment Management (advised funds)

• Amount Raised: $146 million

• Total Raised: Not disclosed

• Funding Stage: Series H

• Funding Date: May 12, 2025

Theom Raises $20M Series A for AI-Powered Data Security Platform

Theom, a San Jose, CA-based AI-native data security startup, raised $20 million in a Series A funding round. Theom’s Data Operations Center platform uses artificial intelligence to automate data governance and security across cloud and SaaS environments, helping enterprises protect sensitive data in real time. The round was led by Wing Venture Capital, with participation from SentinelOne’s venture arm, Snowflake Ventures, and Databricks Ventures. The new funding will be used to accelerate product development, scale go-to-market efforts, and expand Theom’s team to meet rising demand for cloud data security solutions.

Funding Details:

• Startup: Theom

• Investors: Wing VC (lead); SentinelOne’s S Ventures; Snowflake Ventures; Databricks Ventures

• Amount Raised: $20 million

• Total Raised: Not disclosed

• Funding Stage: Series A

• Funding Date: May 12, 2025

Upscale AI Raises $5.5M in Seed Funding for AI-Driven Video Ad Platform

Upscale AI, a San Francisco-based startup using AI to create and optimize video ads, raised $5.5 million across Pre-Seed and Seed funding rounds. The seed round was led by NVP Capital with participation from M12 (Microsoft’s venture fund), Eniac Ventures, and SuperAngel.Fund, and Breakpoint Capital. Upscale’s platform (Upscale Studio) automatically generates streaming TV-ready video ads from a brand’s existing content and uses machine learning to buy ad placements and optimize performance in real time. With the new funds, Upscale AI plans to expand its operations and continue developing its AI-powered advertising platform to help e-commerce brands leverage connected TV and streaming video for growth.

Funding Details:

• Startup: Upscale AI

• Investors: NVP Capital (lead); M12 (Microsoft’s fund); Eniac Ventures; SuperAngel.Fund; Breakpoint Capital

• Amount Raised: $5.5 million

• Total Raised: Not disclosed

• Funding Stage: Seed (Pre-Seed + Seed)

• Funding Date: May 12, 2025

Funding Summary Table