Term Sheet Podcast\u2026 This week\u2019s guest is someone I\u2019ve been wanting to meet in person for some time: Winston Weinberg, Harvey CEO and cofounder. Harvey\u2019s a legal AI leader, and the company\u2019s 3.5 years old with an $11 billion valuation. Winston and I talked about Harvey\u2019s rise, AI\u2019s \u201cpartner and compete\u201d paradigm, and his formula for finding focus. Watch the episode here.<\/a> <\/p>\n See you tomorrow,<\/p>\n Allie Garfinkle Submit a deal for the Term Sheet newsletter here<\/a>.<\/p>\n Joey Abrams curated the deals section of today\u2019s newsletter. Subscribe here<\/a>.<\/p>\n VENTURE CAPITAL<\/p>\n – RoboForce<\/a>, a Milpitas, Calif.-based AI robotics company, raised $52 million in funding. YZi Labs led the round and was joined by others.<\/p>\n – Standard Template Labs<\/a>, a New York City-based AI-powered service management platform, raised $49 million in seed funding. ICONIQ and CRV led the round.<\/p>\n – Native<\/a>, a Seattle, Wash.-based cloud security platform, raised $42 million in funding. Ballistic Ventures led the round and was joined by existing investors General Catalyst, YL Ventures, and Merlin Ventures.<\/p>\n – Mestag Therapeutics<\/a>, a Cambridge, U.K.-based biotech company looking to develop treatments for patients with cancer and inflammatory diseases, raised $40 million in funding from SV Health Investors, Johnson & Johnson, Forbion, GV, and Northpond Ventures.<\/p>\n – Turquoise<\/a>, a San Diego, Calif.-based health care pricing and payment platform, raised $40 million in Series C funding. Oak HC\/FT led the round and was joined by existing investors Andreessen Horowitz, Adams Street Partners, and Yosemite.<\/p>\n – BusRight<\/a>, a New York City-based student transportation technology company, raised $30 million in funding. Volition Capital led the round.<\/p>\n – Hanover Park<\/a>, a New York City-based AI-powered fund administrator, raised $27 million in Series A funding. Emergence Capital, Lux, and Susa led the round.<\/p>\n – Knox Systems<\/a>, an Austin, Texas-based federal AI-managed cloud provider, raised $25 million in funding. B Capital led the round and was joined by M12, Okta Ventures, MongoDB Ventures, Hearst Ventures, and others.<\/p>\n – Tracebit<\/a>, a London, U.K.-based cybersecurity company, raised $20 million in Series A funding. FirstMark led the round and was joined by Accel and others.<\/p>\n – Conduit Health<\/a>, a New York City-based platform that connects Medicare and Medicaid patients with medical supplies and services, raised $17 million in Series A funding. Drive Capital led the round and was joined by existing investors XYZ Ventures, Twelve Below, Eniac Ventures, and others.<\/p>\n – Multiply<\/a>, a San Francisco-based developer of self-learning advertisement technology, raised $9.5 million in funding. Mayfield led the round and was joined by Sorenson Capital and others.<\/p>\n – Rubi<\/a>, a San Francisco-based developer of technology designed to turn carbon emissions into textiles, raised $7.5 million in funding. AP Ventures and FH One Investments led the round and were joined by Talis Capital, CMPC Ventures, H&M Group, Understorey Ventures, and angel investors.<\/p>\n – Tenkara<\/a>, a San Francisco-based developer of operations agents for manufacturers, raised $7 million in funding. True Ventures led the round and was joined by HF0, WndrCo, Articulate Capital, Night Capital, and others.<\/p>\n – Mave Health<\/a>, a San Francisco-based neurotech company, raised $2.1 million in seed funding. Blume Ventures led the round and was joined by others.<\/p>\n PRIVATE EQUITY<\/p>\n – Icelanderic, a portfolio company of New Heritage Capital, acquired SOMA LABS<\/a>, a Middlesex, N.J.-based supplement manufacturer. Financial terms were not disclosed.\u00a0<\/p>\n – VisuSewer, a portfolio company of Fort Point Capital, acquired United Survey<\/a>, an Oakwood Village, Ohio-based swerve inspection, cleaning, and rehabilitation services provider. Financial terms were not disclosed.<\/p>\n FUNDS + FUNDS OF FUNDS<\/p>\n – Sands Capital<\/a>, an Arlington, Va.-based growth equity firm, raised $1.1 billion for its third Global Innovation Fund focused on late-stage tech companies.<\/p>\n PEOPLE<\/p>\n – Northleaf Capital Partners<\/a>, a Toronto, Ontario-based private equity firm, appointed John Rikhtegar as Vice President, Private Equity & Venture Capital. Previously, he was with The Royal Bank of Canada.<\/p>\n Fortune AIQ: One Strategy, Real AI Results<\/p>\n AI transformation can be overwhelming\u2014there are countless tools, strategies, and approaches competing for attention, often without any proven results. But for some companies, AI\u2019s biggest impact can be attributed to a single tool, strategy, or approach. Explore all of Fortune AIQ<\/a>, and read the latest playbook below:<\/p>\n \u2013How to decide if gen AI is the right path for your product<\/a><\/p>\n \u2013Inside Bank of America\u2019s \u2018build once\u2019 AI strategy<\/a><\/p>\n \u2013Why Pinterest is going all in on open-source AI<\/a><\/p>\n \u2013How cutting out product management enabled Kilo to compete in the hyper-fast AI coding market<\/a><\/p>\n![\"Fortune](\"https:\/\/www.europesays.com\/people\/wp-content\/uploads\/2026\/04\/termsheet_16x9_v02-YTButtonLeft.jpg\"\/)
<\/a><\/p>\n
X: @agarfinks<\/a>
Email: alexandra.garfinkle@fortune.com<\/a><\/p>\n