| Hi, Agen. The warm month of July didn’t heat up venture funding activity as only a single VC firm reached double-digit rounds. Andreessen Horowitz led July round counts with General Catalyst and Sequoia Capital hot on its heels. Plus, defense sector startup Anduril Industries took in the biggest chunk of cash last week, followed by semiconductor startup Groq. And The Crunchbase Tech Layoffs Tracker continues its growth with 10 companies added to the tally. No venture firm went very big in a hot July. Andreessen Horowitz was the only VC firm to hit double digits in funding rounds for U.S.-based startups in the month, with General Catalyst and Sequoia Capital coming in next on the list. Last week saw the second-biggest raise of the year, as Anduril Industries’ monster raise ranks behind only xAI’s massive $6 billion in May. There were also some huge rounds in the world of cybersecurity, travel and of course, biotech. See also: The Crunchbase Megadeals Board It was a busy week-plus with 10 companies joining our Tech Layoffs Tracker with hardware heavyweight Dell adding a yet-to-be-determined employee count to its layoff tally. Even startup accelerators are feeling the pinch with Techstars reporting its second round of layoffs so far this year. H1 2024’s 34% funding uptick does not necessarily signal a strengthening of the venture markets. An analysis of Crunchbase data shows that funding was concentrated in larger rounds dominated by two leading sectors, healthcare/biotech and AI. Related Crunchbase Pro list: US Series A And B Fundings In 2024 Venture funding to the media, entertainment and gaming industry increased 58% in the first half of 2024. Read our joint report with Alignment Growth to discover the trends powering MEG to the next level. | 
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