VC & Accelerator Weekly Pulse — Nov 15–22, 2025

Posted on November 22, 2025 at 08:40 PM

VC & Accelerator Weekly Pulse — Nov 15–22, 2025

Only firms with verified public updates in the last 7 days are included.

Startup / Entity Sector Round / Activity Investors / Lead Valuation Notes
Function (Function Health) Medical AI / Bio Series B — $298M (Nov 19) Redpoint (lead), a16z + others $2.5B Function launched its Medical Intelligence Lab, integrating labs, imaging, wearables and medical records into a continuously learning model. (TechCrunch) Regulatory risk, integration complexity, and reimbursement remain key challenges.
SoftBank Group AI Infrastructure / Modular DCs Strategic capex — up to $3B (Nov 20) SoftBank n/a SoftBank plans to convert its Lordstown, Ohio EV facility into a modular data-center equipment factory for OpenAI’s Stargate project. (Yahoo Finance) Big bet on vertical integration; risks include large capex and dependence on OpenAI demand.

Sources:


  • AI Infrastructure Dominance: SoftBank’s multi-billion capex underscores the race for physical compute capacity — not just software.
  • Medical Intelligence Breakout: Function’s Series B and launch of its Medical Intelligence Lab show increasing investor conviction in proactive, data-driven healthcare.
  • Key Risks: Regulatory hurdles, data integration, and payer adoption (Function); capex concentration and long timelines (SoftBank).
  • Actionable Insights:

    1. For health-AI investors: prioritize startups with deep clinical/data-platform capability and define clear payer / patient value metrics.
    2. For infra investors: push for milestone-based investment and offtake agreements to de-risk large capex plays.
    3. For portfolio strategy: allocate across the AI stack — from hardware (infra) to vertical AI (health, fintech).