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Mach Industries Doubles Valuation to $3.7B in Three Months with Fresh $600M Round
Mach Industries, building next-generation defense systems, led by Ethan Thornton, raised $600 million more, taking its Series C total to $900 million. The extension pushes the Series C’s total size to $900 million and takes Mach’s lifetime funding past $1 billion, just over a year after a Series B valued it at $470 million. Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia Capital all doubled down in the second tranche, the same group that led the June round. “Mo
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Positron AI Raises $875 Million at a $5 Billion Valuation to Bring Its Next-Generation Inference Silicon to Market
Positron AI, building the future of AI acceleration, led by Mitesh Agrawal, Thomas Sohmers, and the team, announced an $875 million Series C financing at a $5 billion post-money valuation. The round was co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, Dylan Patel's SemiAnalysis Capital, and Jim Clark, the founder of Silicon Graphics and Netscape. As part of the financing, Forest Baskett of NEA, Gavin Baker of Atreides Management, Thomas Jermoluk from
15 minutes ago
Motive Secures More Than $1.3 Billion to Scale AI Across Physical Operations
Motive, building AI that makes your operations safer and more efficient, led by Shoaib Makani and the team, secured more than $1.3 billion in growth financing from General Catalyst’s Customer Value Fund (CVF). Pranav Singhvi, Managing Director at General Catalyst, joins Motive’s Board of Directors. The funding will support further development of the AI platform, expansion of go-to-market teams, and growth across the world’s largest and most complex organizations. “Motive is b
59 minutes ago
Mach Industries Doubles Valuation to $3.7B in Three Months with Fresh $600M Round
Mach Industries, building next-generation defense systems, led by Ethan Thornton, raised $600 million more, taking its Series C total to $900 million. The extension pushes the Series C’s total size to $900 million and takes Mach’s lifetime funding past $1 billion, just over a year after a Series B valued it at $470 million. Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia Capital all doubled down in the second tranche, the same group that led the June round. “Mo
2 hours ago
Seed Capital Closes €130M Fund V to Expand into Sweden and Cybersecurity
Seed Capital, partnering with remarkable entrepreneurs across the Nordics to build global winners, led by General Partners Lars Andersen, Ulla Brockenhuus-Schack, Geeta Schmidt, and Managing Partner Christian Brøndum, has now completed its fifth fund, valued at €130 million. Fund V will make investments ranging from €3 million to €6 million across 15 to 17 companies, from the seed stage through to Series A. The firm continues to concentrate on fintech and AI-driven B2B servi
2 hours ago
Aerospacelab Awarded €2.4 Billion Landmark Contract to Build 264 LEO Satellites for IRIS²
Aerospacelab has been selected as a key Prime Contractor for the LEO segment of the European Commission's IRIS² Programme (Infrastructure for Resilience, Interconnectivity and Security by Satellite). Building Europe’s Sovereign Satellite Network. Following a competitive selection process with Eutelsat, Aerospacelab has been chosen to build 264 satellite platforms and deliver the fully integrated satellites for the SpaceRISE consortium. The satellites will form the backbone of
3 hours ago
AI & Robotics
Positron AI Raises $875 Million at a $5 Billion Valuation to Bring Its Next-Generation Inference Silicon to Market
Positron AI, building the future of AI acceleration, led by Mitesh Agrawal, Thomas Sohmers, and the team, announced an $875 million Series C financing at a $5 billion post-money valuation. The round was co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, Dylan Patel's SemiAnalysis Capital, and Jim Clark, the founder of Silicon Graphics and Netscape. As part of the financing, Forest Baskett of NEA, Gavin Baker of Atreides Management, Thomas Jermoluk from
15 minutes ago2 min read
Positron AI Raises $875 Million at a $5 Billion Valuation to Bring Its Next-Generation Inference Silicon to Market
Positron AI, building the future of AI acceleration, led by Mitesh Agrawal, Thomas Sohmers, and the team, announced an $875 million Series C financing at a $5 billion post-money valuation. The round was co-led by NEA, Atreides Management, Valor Equity Partners, Andra Capital, Dylan Patel's SemiAnalysis Capital, and Jim Clark, the founder of Silicon Graphics and Netscape. As part of the financing, Forest Baskett of NEA, Gavin Baker of Atreides Management, Thomas Jermoluk from
Motive Secures More Than $1.3 Billion to Scale AI Across Physical Operations
Motive, building AI that makes your operations safer and more efficient, led by Shoaib Makani and the team, secured more than $1.3 billion in growth financing from General Catalyst’s Customer Value Fund (CVF). Pranav Singhvi, Managing Director at General Catalyst, joins Motive’s Board of Directors. The funding will support further development of the AI platform, expansion of go-to-market teams, and growth across the world’s largest and most complex organizations. “Motive is b
Tavus Announces Phoenix-4.5: A New State of the Art in Real-Time Human Rendering
Tavus, the human computing company, led by Hassaan Raza and Quinn Favret, has announced Phoenix-4.5, a new state-of-the-art in real-time human rendering. Phoenix-4.5: More Natural Human Rendering. Realism in digital humans goes beyond facial appearance. Natural movement, head motion, posture, shoulders, and reactions while listening is what make an interaction feel present. Over three years, Phoenix has evolved from 3D conversational avatars to real-time facial and emotional
Maven Robotics Raises $100M Series A for the World's First General-Purpose Robotics System for Industrial Work
Maven Robotics, an intelligent industrial robotics company, led by Hamza Derbas and Khalid Derbas, has announced its launch with $100 million in Series A funding from RoboStrategy, LocalGlobe, Vine Ventures, and XTX Ventures, among others. Maven designs, builds, and deploys intelligent robotics for logistics and manufacturing. Founded in 2024, the company has created the world's first general-purpose robotics system for industrial work. The Industrial Robotics Opportunity. US
Arlequin AI Raises €28 Million to Accelerate a New AI Architecture Based on Topological Neural Networks
Arlequin AI, an AI native platform for critical decision-making and action, led by Hugo Micheron and Antoine Jardin, raised €28 million in Series A funding to accelerate the development of a new AI architecture based on topological neural networks (TNN*) and expand the international deployment of its technology. The round is backed exclusively by European investors and co-led by redalpine and OTB Ventures, alongside Bpifrance’s Defence Innovation Fund. Existing investors Vsqu
Cylake Closes $245 Million Funding Round Ahead of Beta Release for Next-Generation Cybersecurity Product
Cylake, the complete, AI-native cybersecurity platform that provides full visibility, sets fine-grained policy, and stops attacks in fully air-gapped sovereign environments, led by Nir Zuk, Udi Shamir, Wilson Xu, and the team, has closed $245 million through a convertible note, with participation from Lightspeed Venture Partners, Picture Capital, and Redpoint Ventures. This latest funding brings Cylake’s total raised to $290 million, following a $45 million seed round in Marc
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Fintech
Intermezzo Raises $10M to Build the World’s First AI-Native Global Payroll Platform
Intermezzo, a global payroll infrastructure company, led by Siddharth Ram and Kumar Ramanathan, has announced $10M in funding from Crosslink Capital, UKG Ventures, CloudPay, Character Capital, Behind Genius Ventures, and leading angel investors. International Payroll. Intermezzo is building a platform to automate the complex and highly regulated world of international payroll. Its founding team brings a combined 40 years of experience leading technical and product teams at In
Intermezzo Raises $10M to Build the World’s First AI-Native Global Payroll Platform
Intermezzo, a global payroll infrastructure company, led by Siddharth Ram and Kumar Ramanathan, has announced $10M in funding from Crosslink Capital, UKG Ventures, CloudPay, Character Capital, Behind Genius Ventures, and leading angel investors. International Payroll. Intermezzo is building a platform to automate the complex and highly regulated world of international payroll. Its founding team brings a combined 40 years of experience leading technical and product teams at In
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Limetax Raises €36 Million to Build Germany’s Agentic-First Accounting & Tax Group
Limetax, a Berlin-based technology company bringing established tax firms together in one group and building a proprietary AI agent platform for them, led by Christoph Gamon, Christoph Dansard, and Maximilian Meyer, has raised €36 million in financing, comprising €6 million in pre-seed equity led by Motive Partners, with participation from Activant and Heliad, and a €30 million acquisition facility from a consortium of German banks. Angel investors include former German Finan
1 day ago
Fundcraft Secures €12m Strategic Growth Financing to Scale Digital Fund Operations Infrastructure for European Alternative Investment Funds
Fundcraft, Europe’s digital fund operations provider for alternative investment funds, led by Julien De Mayer, Olga Porro, and Christian Senitz, has announced that it has secured €12 million in strategic growth financing co-led by Riverside Acceleration Capital (“RAC”) and CCAP Investments (“CCAP”), with participation from existing investors including 3VC, MiddleGame Ventures and Aperture Capital. The new financing brings Fundcraft’s total capital secured since its founding t
2 days ago
Standard Metrics has Raised $20M in Series B from Its Customers to Accelerate Innovation in the Private Markets
Standard Metrics, an AI‑driven portfolio management platform, led by John Melas-Kyriazi and Deny Khoung, has raised a $20M Series B led by 8VC. Other investors in this round include Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, Gaingels, and more. The company has raised roughly $50M to date, and most of that capital has come from its customers. Why Standard Metrics Exists. Founded in 202
Aug 25
Silicon Data Raises $30.5 Million Series A to Build the Independent Benchmark Layer for the AI Compute Economy
Silicon Data, providing GPU performance data for companies, led by Carmen Li, and the team, has announced a $30.5 million initial closing of its Series A, led by the Valor Atreides AI Fund, with additional investment from CME Ventures, DRW, F-Prime, Samsung Next, VanEck, Further, Jump, Tectonic, and Wintermute. Breed, Hack, Blank VC, Sancus Ventures, and SoGal Ventures also participated. The Series A will support expansion across four areas: benchmark pricing, performance mea
Aug 20
Kita Raises $4.5 Million to Help Lenders Underwrite the Borrowers' Credit Bureaus Miss
Kita, an AI-native credit assessment built for lending globally, led by Carmel Limcaoco and Rhea Malhotra, has raised $4.5M in seed funding led by BoxGroup, with participation from Y Combinator, Golden Gate Ventures, US News Digital Ventures, BEENEXT, Kaya Founders, Genting Ventures, and Apex Star Capital, the family office of Xiaomi co-founder Lin Bin. The round is supported by angels including Shivani Siroya (Tala), Kaz Nejatian (Opendoor), Linda Du (Valon), Kulveer Taggar
Aug 19
Venture Capital
Seed Capital Closes €130M Fund V to Expand into Sweden and Cybersecurity
Seed Capital, partnering with remarkable entrepreneurs across the Nordics to build global winners, led by General Partners Lars Andersen, Ulla Brockenhuus-Schack, Geeta Schmidt, and Managing Partner Christian Brøndum, has now completed its fifth fund, valued at €130 million. Fund V will make investments ranging from €3 million to €6 million across 15 to 17 companies, from the seed stage through to Series A. The firm continues to concentrate on fintech and AI-driven B2B servi
Seed Capital Closes €130M Fund V to Expand into Sweden and Cybersecurity
Seed Capital, partnering with remarkable entrepreneurs across the Nordics to build global winners, led by General Partners Lars Andersen, Ulla Brockenhuus-Schack, Geeta Schmidt, and Managing Partner Christian Brøndum, has now completed its fifth fund, valued at €130 million. Fund V will make investments ranging from €3 million to €6 million across 15 to 17 companies, from the seed stage through to Series A. The firm continues to concentrate on fintech and AI-driven B2B servi
2 hours ago
Molten Ventures Announces £175m First Close of Molten Growth Fund with Cornerstone Commitment from British Business Bank
Molten Ventures, a leading venture capital firm with a 20-year track record of investing in and developing disruptive high-growth technology companies across Europe and the UK, announced the first close of its Growth Fund at £175 million. The British Business Bank has committed £75 million as a cornerstone investor. Molten Ventures has committed the remaining £100 million of the first close and will continue to seek additional investors, with the aim of growing the Growth Fun
4 days ago
Andreessen Horowitz Announces 'The Machine Age Fund'
A16Z has raised $1.1B for its newest fund: the Machine Age Fund, aimed at accelerating the physical buildout of AI. The fund reflects a broader push to bring AI into the physical world, positioning the technology as a powerful tool for solving real-world problems and expanding abundance. AI’s capabilities are expanding rapidly, with systems moving from chat to reasoning, coding, and increasingly complex forms of knowledge work. As utility and demand grow, so does the computat
Aug 29
Einride Founders Launch Navisalma to Turn Europe's Frontier Technologies into Global Leaders
Navisalma, the newly founded European Venture Platform, founded by Einride founders Robert Falck and Linnéa Kornehed Falck, together with previous McKinsey Partner and Material Economics co-founder Robert Westerdahl, announced its launch. Europe does not have an innovation problem. It has a scaling problem. Europe produces world-class science, engineering, and frontier technologies, backed by centuries of leadership in design, craftsmanship, industrial excellence, and quality
Aug 27
RunwayVC Announces Fund II to Back the Next Generation of Industry
RunwayVC, investing in founders shaping industry, led by Tor Bækkelund and the team, has announced the first close of RunwayVC Fund II at NOK 400 million (€40 million). Aker continues as the cornerstone investor, joined by Halliburton, Aker BP and Aker Solutions, institutional investors KLP and Investinor, Norwegian industrial families and a group of experienced technology and finance investors. Fund II reflects more than an increase in capital. It represents a broader convic
Aug 25
South Park Commons Announces $575M Fund IV
South Park Commons, helping the world's most talented technologists discover and build their life's work, announced $575M Fund IV. Since 2016, the firm’s thesis has been that exceptional outcomes emerge when high talent density meets innate curiosity. Its approach focuses on identifying intensely curious builders, bringing them together at the earliest and often most isolating stage of the startup journey, and supporting them through the uncertainty of company building. The f
Aug 6
Deep Tech
Mach Industries Doubles Valuation to $3.7B in Three Months with Fresh $600M Round
Mach Industries, building next-generation defense systems, led by Ethan Thornton, raised $600 million more, taking its Series C total to $900 million. The extension pushes the Series C’s total size to $900 million and takes Mach’s lifetime funding past $1 billion, just over a year after a Series B valued it at $470 million. Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia Capital all doubled down in the second tranche, the same group that led the June round. “Mo
Mach Industries Doubles Valuation to $3.7B in Three Months with Fresh $600M Round
Mach Industries, building next-generation defense systems, led by Ethan Thornton, raised $600 million more, taking its Series C total to $900 million. The extension pushes the Series C’s total size to $900 million and takes Mach’s lifetime funding past $1 billion, just over a year after a Series B valued it at $470 million. Ribbit Capital, Infinite Capital, Bedrock Capital, and Sequoia Capital all doubled down in the second tranche, the same group that led the June round. “Mo
Aerospacelab Awarded €2.4 Billion Landmark Contract to Build 264 LEO Satellites for IRIS²
Aerospacelab has been selected as a key Prime Contractor for the LEO segment of the European Commission's IRIS² Programme (Infrastructure for Resilience, Interconnectivity and Security by Satellite). Building Europe’s Sovereign Satellite Network. Following a competitive selection process with Eutelsat, Aerospacelab has been chosen to build 264 satellite platforms and deliver the fully integrated satellites for the SpaceRISE consortium. The satellites will form the backbone of
US Army Places $11M Bet on Austin-based GPS Alternative Tern
Tern, creating the future of positioning with its Independently-Derived Positioning System (IDPS™) software, led by Brett Harrison, Shaun Moore, Phil Reason, and Manuel Seelaus, has won a contract from the U.S. Army to deploy the startup’s low-cost GPS alternative tech. The $11.26 million contract will see the Army use Tern’s navigation tech in vehicles, though the startup was tight-lipped on the exact scale of the deployment of what it calls “Google Maps for the battlefield.
Proxima Fusion and Lower Saxony Sign MoU to Build Europe’s First Large-Scale Fusion-Grade HTS Tape Facility
Proxima Fusion, building stellarators to power the future, led by Francesco Sciortino and the team, and the State of Lower Saxony signed a Memorandum of Understanding (MoU) to lay the foundations for large-scale industrial production of high-temperature superconducting (HTS) tape in Lower Saxony. The new production site will create skilled jobs and strengthen European supply chains. Around €140 million is planned for the first two project phases through the end of 2029. HTS T
Maven Robotics Raises $100M Series A for the World's First General-Purpose Robotics System for Industrial Work
Maven Robotics, an intelligent industrial robotics company, led by Hamza Derbas and Khalid Derbas, has announced its launch with $100 million in Series A funding from RoboStrategy, LocalGlobe, Vine Ventures, and XTX Ventures, among others. Maven designs, builds, and deploys intelligent robotics for logistics and manufacturing. Founded in 2024, the company has created the world's first general-purpose robotics system for industrial work. The Industrial Robotics Opportunity. US
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Security
Cylake Closes $245 Million Funding Round Ahead of Beta Release for Next-Generation Cybersecurity Product
Cylake, the complete, AI-native cybersecurity platform that provides full visibility, sets fine-grained policy, and stops attacks in fully air-gapped sovereign environments, led by Nir Zuk, Udi Shamir, Wilson Xu, and the team, has closed $245 million through a convertible note, with participation from Lightspeed Venture Partners, Picture Capital, and Redpoint Ventures. This latest funding brings Cylake’s total raised to $290 million, following a $45 million seed round in Marc
Cylake Closes $245 Million Funding Round Ahead of Beta Release for Next-Generation Cybersecurity Product
Cylake, the complete, AI-native cybersecurity platform that provides full visibility, sets fine-grained policy, and stops attacks in fully air-gapped sovereign environments, led by Nir Zuk, Udi Shamir, Wilson Xu, and the team, has closed $245 million through a convertible note, with participation from Lightspeed Venture Partners, Picture Capital, and Redpoint Ventures. This latest funding brings Cylake’s total raised to $290 million, following a $45 million seed round in Marc
HiddenLayer Raises $100M Series B to Advance Trustworthy AI
HiddenLayer, the most comprehensive security platform for AI, led by Chris Sestito, Tanner Burns, James Ballard, and the team, has announced a $100 million Series B funding round led by Delta-v Capital, with participation from Ten Eleven Ventures, Morgan Stanley, M12, Microsoft's Venture Fund, and Booz Allen Ventures. The company will use the funding to expand its enterprise platform, including Agentic Runtime Security and Agent Harness Security, a new solution designed to se
Air Security Emerges Out of Stealth to Protect AI Agents
Air, the context firewall for AI agents, founded by Yair Saban and Niv Hoffman, has announced that it is coming out of stealth. AI With Seatbelts. AI agents are becoming a fundamental part of enterprise knowledge work, with coding agents such as Claude Code, Cursor, and Codex seeing rapid adoption. Yet enterprises remain cautious about deploying them without stronger controls. Organizations face risks from employees using AI through personal accounts, untrusted agent harnesse
Mindgard Raises $30M Series A
Mindgard, the leader in AI security led by James Brear, Dr. Peter Garraghan, and the team, has raised a $30 million Series A financing led by Album VC with participation from Karma Ventures and existing investors .406 Ventures, Atlantic Bridge, IQ Capital, and Lakestar. Mindgard plans to use the funding to scale the company across product, engineering, sales, and marketing in response to significant customer demand. Mindgard combines AI security research with offensive securi
Cytix Raises $7M To Take On Cyber Risk Posed By AI-Driven Software Development
Cytix, the security decision layer for software change led by Ben Armstrong and Thomas Ballin, has raised $7M, led by Northern Gritstone, with participation from existing investors, Auriga Cyber Ventures and NPIF II – PXN Equity Finance, which is managed by PXN Ventures as part of the Northern Powerhouse Investment Fund II (NPIF II). The Challenge. Software change is becoming a growing security risk as AI-assisted development, agentic workflows, and continuous delivery outpac
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