In recent months, however, we're seeing some of the more patient startups finally clinching fresh funding. Per Crunchbase data, at least 18 heavily funded startups 1 that last raised in 2021 or earlier have reported new financings this year. Take Grammarly, which announced last week that it secured $1 billion in funding from longtime investor General Catalyst. Previously, the 16-year-old company had raised $400 million in venture funding, with its last round in 2021. Or consider Innovaccer, a San Francisco-based provider of AI-enabled tools for tracking and analyzing healthcare data. It landed $275 million in Series F funding in January, after raising its last round in late 2021. In the spacetech sector, meanwhile, Loft Orbital, a provider of pre-assembled satellite platforms and pre-booked launches aimed at offering customers a speedier route to orbit, announced a $170 million Series C earlier this year, after a funding gap of more than three years. Most of the time, companies...
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