Weekly funding picks, October 5–11: Waymo borrows $5bn; Zenflow pairs funding with distribution
Waymo adds debt for robotaxi expansion, Zenflow secures financing alongside a US distribution agreement, and Living Optics brings commercial collaborators onto its cap table.
Waymo closed its first debt financing on October 8. The $5 billion term loan will support autonomous ride-hailing expansion in the US and internationally, following a separate $16 billion equity investment earlier in the year. PIMCO, Blackstone and Sixth Street led the syndicated lending.
Zenflow ties a $52 million financing to a route into clinics
Zenflow announced a $52 million Series D on October 5 alongside an exclusive US distribution agreement with Cook Medical. The proceeds support commercialisation of its Spring System, an implant for urinary symptoms caused by an enlarged prostate. Cook brings an established urology sales network to the launch.
Living Optics brings camera customers into its investor group
Living Optics secured a $20 million Series A extension led by BRV Capital Management. Lockheed Martin Ventures, Applied Ventures and Lam Capital invested as the camera maker expands its work with their parent companies. The financing supports US expansion and deployment of hyperspectral cameras that reveal material information beyond ordinary colour images.
The selected financing announcements
Sources
All rounds in this edition
| Company | Amount | Round | Sector · country | Investors | Date |
|---|---|---|---|---|---|
| Axiom Solutions International Axiom Solutions International develops power, cooling and compute infrastructure for AI data centers and other critical facilities. | $2B | Series A convertible preferred stock agreement | Hardware · United States | Koch Equity Development, General Catalyst (lead) |