Want to keep track of the largest startup funding deals in 2024 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The Crunchbase Megadeals Board.

This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding rounds here.

After a slow Thanksgiving week, investors made up for lost time with a slew of big-money rounds. VCs spread their cash around pretty liberally, notching big rounds in semiconductors, biotech, carbon capture and more.

1. Tenstorrent, $693M, semiconductor: Jim Keller’s chip startup Tenstorrent raised nearly $700 million in a Series D funding that gives it a $2.6 billion valuation. The cash infusion was led by Samsung Securities and AFW Partners, and included Jeff Bezos’ Bezos Expeditions and Fidelity Management & Research Co., among others. Tenstorrent says it plans to use the new capital to “build out open-source AI software stacks, hire developers, expand its global development and design centers, and build systems and clouds for AI developers.” The Santa Clara, California-based startup was founded in 2016 and has since raised more than $1 billion, per Crunchbase.

2. Nuvig Therapeutics, $161M, biotech: The big biotech round of the week went to Menlo Park, California-based Nuvig Therapeutics, which raised a $161 million Series B co-led by Sanofi Ventures, Blue Owl Healthcare Opportunities (formerly Cowen Healthcare Investments) and Norwest Venture Partners. The biotech startup is developing immunomodulatory therapeutics for patients with inflammatory autoimmune diseases. The company currently has a therapy set to enter Phase 2 clinical development. Founded in 2021, the company has raised $208 million, per Crunchbase.

3. Heirloom, $150M, carbon capture: Direct air capture company Heirloom raised $150 million in Series B funding led by Future Positive and Lowercarbon Capital. The Brisbane, California-based climate tech firm uses modified limestone to pull CO₂ from the atmosphere. Heirloom’s new money comes amid a boom period for investment for carbon capture startups. Per Crunchbase data, funding to the space is on track to hit the highest or second-highest annual tally since we began tracking the category. Founded in 2020, the company has raised more than $204 million.

4. Tractian, $120M, manufacturing: Manufacturing AI startup Tractian is the latest company using the emerging tech to capture investors’ attention, snapping up a $120 million Series C funding led by Sapphire Ventures. The Atlanta-based company’s AI play is pretty straightforward. It is able to combine hardware, software and AI to help modernize manufacturing maintenance processes. The company — which describes itself as the “Industrial Copilot” — addresses the growing concern  of industrial maintenance, with unplanned downtime costing the world’s 500 largest companies 11% of their annual revenue, about $1.4 trillion. Founded in 2019, Tractian has raised more than $180 million, per Crunchbase. In August 2023, the company closed a $45 million growth capital round led by General Catalyst.

5. Maze Therapeutics, $115M, biotech: South San Francisco-based Maze Therapeutics, a clinical-stage biopharmaceutical developing medicines for renal, cardiovascular and metabolic diseases, completed a $115 million Series D co-led by investors Deep Track Capital and Frazier Life Sciences. The round did feature the conversion of issued convertible notes. Founded in 2018, the company has raised $496 million.

6. Cleerly, $106M, healthcare: Denver-based Cleerly, a cardiovascular imaging startup, raised a $106 million Series C extension led by Insight Partners. Founded in 2017, the company has raised nearly $387 million, per Crunchbase.

7. Public, $105M, fintech: Investment platform Public raised $135 million in equity and debt financing as it looks to grow AI-enabled research features. The financing, which New York-based Public described as a Series D-2, included $105 million in equity and $30 million in debt, with Accel as the lead investor. Founded in 2019, the company has raised more than $300 million in venture funding.

8. Upwind Security, $100M, cybersecurity: Cloud security is big as more companies shift their massive amounts of data to the cloud. Cloud security firm Upwind was able to take advantage of that trend, raising a $100 million round led by Craft Ventures. The San Francisco-based startup reportedly is valued at $900 million after the new funding. Founded in 2022, the company has raised $180 million.

9. AMP Robotics, $91M, recycling: Denver-based AMP Robotics, which creates AI-powered sortation systems for the waste and recycling industry, raised a $91 million Series D led by Congruent Ventures. Founded in 2015, the company has raised $266 million, per Crunchbase.

10. Axiado Corp., $60M, cybersecurity: San Jose, California-based Axiado, a hardware security startup, raised a $60 million Series C led by Maverick Silicon. Founded in 2017, the company has raised $105 million.

Big global deals

It was a slow week for funding outside the U.S., as only one round hit nine figures.

• India-based Vastu Housing Finance, a housing finance corporation, raised a $100 million venture round.

Methodology

We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the seven-day period of Nov. 30 to Dec. 6. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

Illustration: Dom Guzman

Magic Eden, the largest cross-chain NFT marketplace, has officially launched the allocation checker for the $ME airdrop, set to go live on December 10th. Supporting Bitcoin Ordinals, ETH, SOL, and many other chains, Magic Eden continues to dominate the NFT ecosystem. In this article, we’ll walk you through how to check your $ME allocation, claim your rewards, and understand the factors that determine your eligibility.

What Is Magic Eden, and Why Does It Matter?

Magic Eden is a leading cross-chain NFT marketplace, enabling seamless trading across chains like Bitcoin, Ethereum, Solana, and more. Known for its user-friendly platform and support for innovative NFT projects, Magic Eden is a hub for NFT traders and collectors alike.

The $ME airdrop is part of Magic Eden's initiative to reward its users for their activity across its platform. With pre-market trading of $ME tokens ranging between $3 and $4 USD, the airdrop has garnered significant attention in the crypto community.

How to Check Your $ME Airdrop Allocation

Checking your allocation is straightforward if you follow these steps:

Visit the Magic Eden Foundation Website:

• Head to the official Magic Eden Foundation website and locate the allocation checker section.

Download the ME Wallet App:

• Install the Magic Eden wallet app on your phone.
• Import your Magic Eden wallet using your seed phrase (ensure you’re using a secure connection).

Connect Your Wallets:

• Open the app and click on the four squares in the top right corner.
• Scan the QR code provided on the Magic Eden Foundation website.

Sign the Message:

• Follow the on-screen instructions to sign a message in the app.

View the Terms and Agree:

• A pop-up labeled "ME Foundation Terms" will appear on your desktop screen. Click "agree."

Link Your Eligible Wallets:

• Link all wallets you’ve used to trade NFTs across chains (BTC, ETH, SOL, etc.). The more eligible wallets you add, the better your allocation.

Check Your Allocation:

• Once linked, you’ll see your allocation in a small window next to “link wallet.” Click on it to view the detailed breakdown.

How Is Your Allocation Determined?

Magic Eden rewards users based on their cross-chain activity. The key factors influencing your $ME allocation include:

• Launchpad Activity: Participation in launchpad events on Magic Eden.
• Trading Volume: The total volume of NFTs you’ve traded across different chains.
• Early Adoption: The date when you first became a Magic Eden user.
• Wallet Linking: You can link multiple wallets, and Magic Eden will calculate the best stats from each wallet to determine your overall allocation.

The Rewards Tier refers to the top activity on a single wallet, meaning the wallet with the highest trading volume or best activity will significantly impact your allocation card.

Magic Eden Price: Current Value of $ME Tokens

Currently, $ME tokens are trading in pre-markets at around $4 USD per token. While pre-market prices should always be approached with caution, they provide an early indication of the token’s potential value once the airdrop goes live.

ME/USDT 4-hours chart - TradingView

Why You Should Act Now

With the allocation checker live and $ME airdrop happening on December 10th, this is the perfect time to secure your rewards. Linking your eligible wallets and maximizing your cross-chain activity can significantly boost your allocation.