Fireworks, Metropolis and Hippocratic AI Lead Funding Rounds

Artificial intelligence (AI) startups raised billions in new funding this week, with investors allocating capital to companies embedding intelligence into core business operations across enterprise infrastructure, healthcare and payments.

Enterprise AI Infrastructure

Fireworks AI raised $250 million in Series C funding at a $4 billion valuation to expand its enterprise-ready AI platform. The company helps organizations use and customize large language models more efficiently, cutting both costs and delays in deploying them.

Fireworks says its systems run open-source models up to 40 times faster and eight times cheaper than comparable commercial providers, processing over 10 trillion tokens a day for more than 10,000 clients. Its platform supports “compound AI systems,” which allow multiple models to work together to complete complex tasks. The round, co-led by Lightspeed and Index Ventures, signals growing investor interest in infrastructure that helps businesses scale AI in secure and affordable ways.

Growth in Vertical AI

Legora raised $150 million in Series C funding at a $1.8 billion valuation to modernize how law firms and corporate legal teams interact with clients. Its platform replaces email and shared drives with a secure online portal where clients can view documents, sign contracts and track updates in real time.

The system allows firms to automate templates and maintain privacy standards while creating a consistent, branded client experience. Legora now serves over 400 legal teams in 40 countries, more than doubling its customer base since mid-2025, showing that even conservative industries are adopting AI-driven workflow tools.

Beacon Software raised $250 million in Series B funding to expand its approach to upgrading older software used in everyday industries. Instead of building new products, Beacon acquires established software companies in sectors like logistics, education and recreation and integrates modern AI capabilities into their platforms.

The company describes itself as an “AI-first modernization firm” that combines engineering with investment capital to help traditional businesses catch up with digital transformation. The new funding will support acquisitions and the development of shared tools that automate operations and bring analytics to previously manual processes.

Metropolis Technologies secured $1.6 billion in a mix of equity and debt financing, including a $500 million Series D, valuing the company at about $5 billion. Metropolis uses AI and computer vision to automate payments in parking lots. Its system identifies vehicles and charges customers automatically, eliminating tickets and kiosks.

The company operates in more than 4,200 locations and serves 50 million users. The funding will help expand into drive-thru restaurants, gas stations and retail sites as part of what it calls the “Recognition Economy,” where identity and vehicle recognition replace checkout lines.

Healthcare Agentic AI and Neurotech

In healthcare, Hippocratic AI raised $126 million in Series C funding at a $3.5 billion valuation led by Avenir Growth. The company designs generative AI assistants that help healthcare organizations handle administrative and patient-facing tasks safely. These assistants can schedule appointments, answer coverage questions or provide follow-up guidance, all under clinical oversight.

Hippocratic AI reports more than 115 million patient interactions without a safety issue, a milestone that underscores its focus on reliability and compliance.

Neurotechnology firm Synchron raised $200 million in Series D funding to advance its Stentrode brain-computer interface. Unlike traditional implants that require open-brain surgery, Synchron’s device is inserted through blood vessels, making it less invasive and safer for patients.

The technology allows people with paralysis to control computers using their thoughts. The new capital will support large-scale production and clinical testing in New York and San Diego as the company moves toward commercial use.