“Megadeals Surge: TerraPower Leads with $650M in Energy Tech While Defense & AI Drive the Week’s Biggest VC Rounds”

As a venture and technology consultant tracking high-impact investments, the latest $100M+ deals in the U.S. reflect the strategic convergence of AI, defense, and verticalized software. Here’s a curated breakdown from Crunchbase’s Megadeals Board that consultants, investors, and founders alike should keep an eye on:

Top U.S. Venture Rounds This Week

  1. TerraPower – $650M | Energy (Nuclear)

    Co-founded by Bill Gates, TerraPower is revolutionizing nuclear with its next-gen reactor project in Wyoming—now backed by Nvidia (via NVentures), Gates, and HD Hyundai. Strategic alignment with DOE for a 2030 deployment timeline puts this deal at the intersection of energy resilience and AI integration.

  2. Applied Intuition – $600M | Autonomous Vehicle Software
    With a staggering 150% valuation jump YoY to $15B, Applied Intuition’s platform now supports 18 of the top 20 automakers and the U.S. DoD. Think of this as the AI operating system for autonomous defense and heavy industries.

  3. Teamworks – $235M | Sportstech
    Powering over 6,500 elite sports organizations, Teamworks is transforming athletic performance management. A $1.2B valuation underscores the untapped vertical SaaS value in sports, health, and performance analytics.

  4. Ramp – $200M | Fintech
    A 2x valuation increase in under 18 months—Ramp now sits at $16B. Their corporate card and expense management suite is penetrating enterprise faster than ever, with 40,000+ businesses onboard. The round, led by Founders Fund, confirms fintech infra is still fertile ground.

  5. Commure – $200M | Healthcare IT
    Healthcare meets automation. Commure’s AI-powered ops software now touches 130 health systems nationwide—streamlining notes, billing, and patient engagement. Massive validation from General Catalyst’s value-driven fund.

  6. Juniper Square – $130M | Fund Management SaaS
    With 2,000+ investment funds onboard, Juniper Square is shaping the back-office stack for PE & VC fund ops. The $1.1B valuation signals rising demand for digitization across capital markets.

  7. Tennr – $101M | Healthcare SaaS
    Automating specialist referrals for providers, Tennr solves one of healthcare’s most broken links. Now at a $605M valuation, the NY-based startup is one to watch in the AI + workflow automation layer of medtech.

  8. Mach Industries – $100M | Defense Tech
    Building unmanned defense systems, Mach’s stealthy $470M valuation reflects the reemergence of hard defense-tech—especially in unmanned, autonomous, and energy-dense systems. Backed by Bedrock and Khosla Ventures.

Global Spotlight:

Helsing (Germany) – $694M | AI Defense
A European behemoth is forming. Backed by Prima Materia, Helsing now commands a $13.9B valuation and has raised $1.5B to date. Europe is placing long bets on sovereign defense AI stacks.

Consultant's Take:

These megadeals reflect key momentum areas:

  • AI as infrastructure (Applied Intuition, Commure)

  • Hardtech returns (TerraPower, Mach, Helsing)

  • Vertical SaaS going enterprise (Teamworks, Tennr, Juniper)

  • Sovereign and strategic capital flows shaping next-gen defense, energy, and automation.

For founders and investors, follow the capital—it’s flowing toward category-defining platforms in regulated, physical, or complex industries.