Singularity Raises $80M Series A at $400M Valuation to Mass-Produce Low-Cost Air-Defense Interceptors
Los Angeles startup Singularity emerged from stealth with an $80M oversubscribed Series A at a $400M valuation to mass-produce low-cost air-defense interceptors using automotive-style assembly and a team from Tesla, Toyota, SpaceX, Anduril and Lockheed Martin; the company is already running multiple monthly flight tests. The round was led by Khosla Ventures and Felicis with participation from AE Ventures, NEA, Long Journey, Harpoon, Menlo Ventures, Y Combinator and others.
Rime Raises $24M Series A Led by M13 to Power Voice AI for Enterprise Calls
Rime, a San Francisco voice AI startup founded in 2022, raised $24 million in a Series A led by M13 Ventures to expand its conversational-call models trained on proprietary recorded data; the company handles over 100 million calls monthly and focuses on phoneme-based pronunciation tuning for brand and industry terms.
Kevin Ryan’s AlleyCorp Raises $335 Million Second Early-Stage Fund to Back Psychedelics, Healthcare and Deep Tech
AlleyCorp founder Kevin Ryan raised a new $335 million early-stage fund after taking outside capital for the first time in 2024, continuing the firm’s strategy of making early bets in areas like psychedelics, healthcare, deep tech and general tech. The firm, which has produced multiple unicorns and reportedly a historical 60% IRR, aims to back companies before opportunities are obvious and help build them from early revenue stages.
