Post by Commonweal Ventures

📊 AmTech Daily: Deals Defining America's Future — May 6, 2026 Energy 🔹 Panthalassa (Portland, OR), developing self-operating, wave-powered ocean platforms that harness wave energy to power floating AI data centers at sea, raised $140 million in Series B funding led by Peter Thiel, joined by Time Ventures, SciFi VC, Susquehanna Sustainable Investments (SSI), Hanwha Asset Management, and others. Compute / AI Infrastructure 🔹 DeepInfra (Palo Alto, CA), providing a cloud platform purpose-built for running AI models at high volumes without requiring companies to manage their own infrastructure, raised $107 million in Series B funding co-led by 500 Global and Georges Harik, joined by Felicis and NVIDIA. 🔹 RadixArk (Palo Alto, CA), building open-source software that makes running AI models significantly faster and cheaper, raised $100 million in seed funding led by Accel and Spark Capital, joined by nVentures and AMD. Critical Minerals 🔹 Magrathea (San Francisco, CA), extracting magnesium metal from waste brines and seawater to supply low-carbon materials for industry and space applications, raised $24 million in Series A funding led by Resource Technology Capital and Balerion Space Ventures, joined by Capricorn Investment Group. Health 🔹 Village (Los Angeles, CA), operating a platform for children with developmental, behavioral, and mental health needs, connecting families, specialists, pediatricians, and insurers around shared care teams, raised $9.5 million in seed funding led by Upfront Ventures, joined by Bling Capital. 🔹 XCaliber Health (Andover, MA), providing an AI platform that connects and automates tasks across disparate data systems to reduce administrative work in hospitals and health systems, raised $6.5 million in seed funding led by ManchesterStory, joined by Benhamou Global Ventures and Arka Venture Labs. 🔹 Fathom (San Francisco, CA), providing an AI platform that automatically assigns the billing and diagnosis codes hospitals need to submit insurance claims and get reimbursed, received a strategic investment from CVS Health Ventures. Finance / Compliance 🔹 Spring Labs (Los Angeles, CA), providing software tools that help banks detect fraud, share data securely, and automate compliance workflows, raised $5 million in seed funding from BankTech Ventures and Haymaker Ventures. What is #AmTech? It's our term for the companies tackling America's biggest challenges in sectors like energy, defense, healthcare, and infrastructure. In these markets, the path to building category-winning companies runs through government, and the founders who understand that are building the most consequential technology businesses of our generation.