NYC-based Garner Health closed a $100 million Series E led by Index Ventures, reaching a $2.74 billion valuation. The healthcare data analytics platform serves 2.5 million workers.
Garner Health provides data analytics tools that help employers and their workers navigate physician selection and healthcare costs. The company operates as a care navigation platform focused on the employer benefits space.
Index Ventures led the funding round, underscoring investor confidence in the employer healthcare market. The Series E brings Garner Health's total funding to significant levels as it expands its platform capabilities.
The company competes in a growing sector where employers increasingly seek ways to manage healthcare spending and improve employee outcomes through better data insights and care coordination tools.
In other funding news: Terra AI, a mining AI startup, raised $20 million in Series A funding led by Khosla Ventures with participation from BHP's venture arm. The company develops AI models for underground resource mapping. Separately, Sekai closed a $20 million Series A co-led by Khosla Ventures and Connect Ventures for its text-prompt-based mini app creation platform.
London-based Gigaton has raised $26 million in Series A funding to deploy AI systems that automate control operations across cement, steel, glass, and chemicals plants.
SpaceX plans to raise $75 billion in what would be the largest initial public offering on record, pricing shares at $135 each. The offering would value Elon Musk's company at nearly $1.77 trillion.
Three major AI and space companies are preparing public listings, with Anthropic filing confidential IPO paperwork and targeting a potential Wall Street debut as early as fall 2026.
Anthropic, maker of the Claude chatbot, has confidentially submitted a draft S-1 registration statement to the SEC for a proposed initial public offering. The move positions the $1 trillion-valued AI company ahead of competitor OpenAI in the race to go public.