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Destinus Accelerates RUTA Block 3 Development Program with Rheinmetall to Scale European Long-Range Strike Production
Destinus, a European defence manufacturer with a particular focus on scalable strike and air-defence systems for European and allied armed forces, led by Mikhail Kokorich, has announced the accelerated start of the RUTA Block 3 program, developed for a 2,000 km-class long-range precision strike capability and extending the operationally validated RUTA family. The flight-test campaign is planned to begin in 2027. RUTA Block 3 builds on the existing RUTA architecture, which has
9 minutes ago
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Destinus Accelerates RUTA Block 3 Development Program with Rheinmetall to Scale European Long-Range Strike Production
Destinus, a European defence manufacturer with a particular focus on scalable strike and air-defence systems for European and allied armed forces, led by Mikhail Kokorich, has announced the accelerated start of the RUTA Block 3 program, developed for a 2,000 km-class long-range precision strike capability and extending the operationally validated RUTA family. The flight-test campaign is planned to begin in 2027. RUTA Block 3 builds on the existing RUTA architecture, which has
9 minutes ago
How Kin Health is Giving Patients a Record of Their Own Care
Kin Health, a free app that allows patients to remember and act upon doctors’ advice, led by Arpan Parikh, Amit Parikh, Kyle Alwyn, Doug Hirsch, Trevor Bezdek, and the team, has raised a $9 million seed round led by Maveron, with participation from Town Hall Ventures, Flex Capital, Eniac Ventures, The Family Fund, Pear VC, Watershed Ventures, Foundry Square Capital, and individual investors including GoodRx co-founders Doug Hirsch and Trevor Bezdek, Nabeel Quryshi, Jay Desai,
56 minutes ago
LawX Raises 7.5 Million Euros and Develops a European Operating System for Legal Work
LawX, an AI-powered OS for notaries and law firms, led by Dr. Norman Koschmieder, Dr. Sara Brinkmann, and Torben Rabe, has closed a seed round led by Motive Partners, raising over €7 million in capital, alongside WENVEST Capital, xdeck, and SIVentures, as well as several prominent angels from the tech and legal sectors. The legal market is undergoing structural change, with rising demand for legal services and a growing shortage of administrative staff. Around half of law fir
22 hours ago
Y Combinator Launches of the Week
(This round-up is for informational purposes only, and in order of the date/time of the launch, from earliest to latest) 1) Astraea: Founded by Sanmay Sarada and Joshua Wang, Astraea automates clinical trial biometrics from raw study inputs to FDA-ready outputs. Know More At: tryastraea.com 2) Gigacatalyst: Founded by Namanyay Goel, Gigacatalyst allows sales and CS teams to build missing features that customers need, so you stop losing business because of feature gaps. Know M
3 days ago
Multiverse Raises $70 Million to Become Europe's AI Adoption Platform
Multiverse, an upskilling platform for AI adoption, led by Euan Blair and the team, has raised $70 million in primary funding to drive growth across Europe. The funding was led by Schroders Capital, with participation from existing investors including General Catalyst, Lightspeed Venture Partners, D1 Capital Partners, Index Ventures, Bond, and StepStone Group. The investment will accelerate Multiverse’s expansion across Europe, with a focus on helping workers adapt to AI rat
3 days ago
AI & Robotics
LawX Raises 7.5 Million Euros and Develops a European Operating System for Legal Work
LawX, an AI-powered OS for notaries and law firms, led by Dr. Norman Koschmieder, Dr. Sara Brinkmann, and Torben Rabe, has closed a seed round led by Motive Partners, raising over €7 million in capital, alongside WENVEST Capital, xdeck, and SIVentures, as well as several prominent angels from the tech and legal sectors. The legal market is undergoing structural change, with rising demand for legal services and a growing shortage of administrative staff. Around half of law fir
22 hours ago2 min read
LawX Raises 7.5 Million Euros and Develops a European Operating System for Legal Work
LawX, an AI-powered OS for notaries and law firms, led by Dr. Norman Koschmieder, Dr. Sara Brinkmann, and Torben Rabe, has closed a seed round led by Motive Partners, raising over €7 million in capital, alongside WENVEST Capital, xdeck, and SIVentures, as well as several prominent angels from the tech and legal sectors. The legal market is undergoing structural change, with rising demand for legal services and a growing shortage of administrative staff. Around half of law fir
Multiverse Raises $70 Million to Become Europe's AI Adoption Platform
Multiverse, an upskilling platform for AI adoption, led by Euan Blair and the team, has raised $70 million in primary funding to drive growth across Europe. The funding was led by Schroders Capital, with participation from existing investors including General Catalyst, Lightspeed Venture Partners, D1 Capital Partners, Index Ventures, Bond, and StepStone Group. The investment will accelerate Multiverse’s expansion across Europe, with a focus on helping workers adapt to AI rat
Ranger Emerges Out of Stealth to Transform Business Operations for Industrial Engineering
Ranger, the agentic revenue operations platform for industrial tendering, led by James Zhan, Sari Saadi, and Kyle Jordan, has emerged from stealth with $8.4 Million in seed funding led by Bonfire Ventures, along with 25madison, Inovia Capital, and Panache Ventures. The company’s platform connects fragmented systems and manual processes to automate critical workflows across industrial, manufacturing, and supply chain operations. Industry’s Problem: Bureaucratic Bottlenecks Sl
Recursive Emerges from Stealth with a Bold Bet on Self-Improving AI
Recursive, building self-improving superintelligence to automate knowledge discovery, led by Richard Socher, Yuandong Tian, and Caiming Xiong, has emerged from stealth and raised $650M led by GV (Google Ventures) and Greycroft, with major participation from AMD Ventures and NVIDIA at a $4.65 billion valuation to create AI that conducts experiments on how to safely improve itself, in an open-ended process of automated scientific discovery. Open-ended evolution, both Darwinian
Origin Lab Announces $8M in Seed Funding Led by Lightspeed
Origin Lab, a platform and technology company that captures, creates, and delivers premium, rights-cleared multimodal content for AI training, led by Anne-Margot Rodde, Antoine Gargot, and Colin Carrier, has raised $8M seed round led by Lightspeed Venture Partners with participation from Eniac Ventures, FPV Ventures, Seven Stars, and SV Angel, along with angels from robotics, AI, gaming, and Google, including Twitch co-founder Kevin Lin and Cruise founder Kyle Vogt. For decad
Fractile is Building the Next Generation of Inference Hardware
Fractile, the AI inference hardware company, led by Walter Goodwin and the team, has raised $220M to accelerate the path to getting its first chips and systems into customers’ hands, in a financing round led by Accel, Factorial Funds, and Founders Fund, with participation from Conviction, Gigascale, O1A, Felicis, Buckley Ventures, and 8VC, investing alongside its brilliant existing backers. Fractile, founded in 2022, was built on the belief that frontier AI is ultimately con
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Fintech
How Adfin is Helping the World Build Better Businesses
Adfin, the first platform designed from the ground up for the specific demands of invoice payments, led by Tom Pope & Ciprian Diaconasu, has raised Series A, bringing the total invested in Adfin to over $30M in less than two years. The long-time supporters, Index Ventures, have tripled down by leading the round, along with existing investors Visionaries Club. The company is delighted to welcome Stéphane Kurgan, one of Europe's best operators, and Andrey Khusid, founder of Mir
How Adfin is Helping the World Build Better Businesses
Adfin, the first platform designed from the ground up for the specific demands of invoice payments, led by Tom Pope & Ciprian Diaconasu, has raised Series A, bringing the total invested in Adfin to over $30M in less than two years. The long-time supporters, Index Ventures, have tripled down by leading the round, along with existing investors Visionaries Club. The company is delighted to welcome Stéphane Kurgan, one of Europe's best operators, and Andrey Khusid, founder of Mir
7 days ago
Fazeshift Announces $22 Million Series A to Build the Future of Accounts Receivable
Fazeshift, your AI agents for accounts receivable, led by Caitlin Leksana, Timmy Galvin, and the team, has announced Series A, bringing the total funding to $22 million. The Problem Fazeshift is Solving Accounts receivable remains one of the most manual and fragmented workflows in modern businesses, spread across spreadsheets, email threads, and disconnected systems. This slows payments, restricts working capital, and forces finance teams to focus on collections rather than s
May 8
Elastics Raises $2 Million Pre-Seed for AI Agents for Prediction Markets
Elastics, building AI agents for prediction markets, led by Szymon Pawica and Mateusz Brodowicz, has raised $2 million in an oversubscribed pre-seed round led by Frst with participation from angels from across the AI and crypto world, among them the co-founders of ElevenLabs, partners from XBTO, an a16z scout, and a co-founder of RedStone. Elastics has secured funding to democratize quantitative trading by equipping individual traders with AI-powered tools for automated resea
May 5
Rogo Announces $160 Million Series D Round
Rogo, building the best AI analyst on Wall Street, led by Gabriel Stengel, John Willett and Tumas Rackaitis, has raised $160M in new financing, led by Kleiner Perkins, with participation from Sequoia, Thrive Capital, Khosla Ventures, J.P. Morgan Growth Equity Partners, BoxGroup, Mantis VC, Jack Altman, Evantic, and Positive Sum. Rogo is now deployed across many of the world’s leading investment banks, asset managers, and private equity firms, reflecting strong early adoption
May 1
Fixed Income’s $140 Trillion Plumbing Problem
(A Guest Post by Marius Jurgilas, CEO of Axiology) Fixed income is the quiet giant of capital markets. With more than $140 trillion outstanding globally, it dwarfs listed equities and funds, governments, banks, and corporates. And yet the machinery that moves it has not meaningfully changed in a generation. The whole bond lifecycle (issuance, custody, trading, settlement) still runs on siloed systems stitched together by intermediaries, message queues, and overnight batch pro
Apr 30
Marloo has Raised a $10 Million USD Seed Round Led by Blackbird Ventures
Marloo, building AI for financial advisers, led by Hardy Michel, Shakeel Lala, and Ben Robertson, has raised a $10 M USD seed round led by Blackbird Ventures, with participation from Icehouse Ventures. Blackbird is doubling down on its pre-seed investment from six months ago, bringing the total funding to $12.7 M USD in twelve months. “Every advisory firm stands to benefit from a partner like Marloo. Early adoption is already translating into greater capacity, stronger compli
Apr 28
Venture Capital
A* Announces Fund III
A*, guiding outliers from idea to IPO, led by Kevin Hartz, Bennett Siegel, Gautam Gupta, and the team, has announced A* III, a $450 million early-stage fund. A* was founded on a simple idea: becoming a founder’s first believer. Sector-agnostic but deeply specialized in seed investing, A* backs exceptional builders before consensus, traction, or even a product exists. The focus is driven not by market theses, but by conviction. As seed investing becomes increasingly crowded an
A* Announces Fund III
A*, guiding outliers from idea to IPO, led by Kevin Hartz, Bennett Siegel, Gautam Gupta, and the team, has announced A* III, a $450 million early-stage fund. A* was founded on a simple idea: becoming a founder’s first believer. Sector-agnostic but deeply specialized in seed investing, A* backs exceptional builders before consensus, traction, or even a product exists. The focus is driven not by market theses, but by conviction. As seed investing becomes increasingly crowded an
6 days ago
How Early-Stage Investing Is Shifting — From Pattern Matching to Founder Conviction
By Andra Bagdonaitė, General Partner at FIRSTPICK Most early-stage investment decisions are made with almost no data. There's no revenue to analyze. No market share to defend. No proven team history at the specific problem they're now attacking. And yet capital gets deployed, at speed, in volume, based on frameworks built for a world that increasingly no longer exists. The question every serious early-stage investor should be asking right now: what is actually driving convict
May 11
Wisdom Ventures Closes Oversubscribed $77.7 Million Fund II to Advance Tech-Enabled Wellbeing
Wisdom Ventures, a leading early-stage VC fund investing in tech-enabled wellbeing, led by Bradley Horowitz, Cecily Mak, Soren Gordhamer, and the team, announced the close of its oversubscribed $77.7M Fund II. The new raise comes after the successful deployment of its $10 million Fund I. With the new fundraise, Wisdom Ventures will deepen its investment in startups building technologies that advance human resilience and wellbeing at scale. “In an era where AI is reshaping eve
May 9
Graduate Ventures Reaches Milestone with 80th Investment in Delft Quantum Startup FrostByte
Graduate Ventures, empowering founders through funding and support, is celebrating its 80th investment. The milestone backing goes to FrostByte, a Delft startup whose technology makes it possible to build quantum computers at a greater scale. The investment is part of a 1.3 million euro funding round, alongside Innovation Quarter, Paeonia Group, UNIIQ, and an angel investor. Since its founding in 2021, Graduate Ventures has invested in 79 startups from the ecosystems of TU De
May 9
Haun Ventures Announces Fund II
Huan Ventures, backing the founders building the future of finance, led by Katie Haun and the team, has announced Fund II. Founders redefining financial assets operate at the frontier of evolving rules and technology. As capital and trust systems shift, those who can navigate both will shape the next era. Haun Ventures is backing this opportunity with $1 billion in new funds to support builders of the emerging economy. The Opportunity Ahead Core financial services, money, pay
May 5
DVC Launches Live State of AI Report — A Continuously Updated View of the AI Economy
DVC, a San Francisco–based VC focused on AI startups, led by Marina Davidova, Nick Davidov, and the team, has released its State of AI Report — a living, continuously updated analysis of the artificial intelligence landscape. According to the report, the market is mispricing AI. The State of AI report is based on a framework developed by DVC co-founders Nick Davidov and Marina Davidova over more than a decade of AI investing. It combines meta-analysis of leading industry rese
Apr 30
Deep Tech
Destinus Accelerates RUTA Block 3 Development Program with Rheinmetall to Scale European Long-Range Strike Production
Destinus, a European defence manufacturer with a particular focus on scalable strike and air-defence systems for European and allied armed forces, led by Mikhail Kokorich, has announced the accelerated start of the RUTA Block 3 program, developed for a 2,000 km-class long-range precision strike capability and extending the operationally validated RUTA family. The flight-test campaign is planned to begin in 2027. RUTA Block 3 builds on the existing RUTA architecture, which has
Destinus Accelerates RUTA Block 3 Development Program with Rheinmetall to Scale European Long-Range Strike Production
Destinus, a European defence manufacturer with a particular focus on scalable strike and air-defence systems for European and allied armed forces, led by Mikhail Kokorich, has announced the accelerated start of the RUTA Block 3 program, developed for a 2,000 km-class long-range precision strike capability and extending the operationally validated RUTA family. The flight-test campaign is planned to begin in 2027. RUTA Block 3 builds on the existing RUTA architecture, which has
Intuitive Machines to Acquire Goonhilly Earth Station and COMSAT
Intuitive Machines, a space technology, infrastructure, and services leader, led by Stephen Altemus and the team, has announced it has entered into a definitive agreement to acquire Goonhilly Earth Station Ltd. (“Goonhilly”), a world-class deep space communications provider with major ground station assets in the United Kingdom and Goonhilly USA Inc. (dba COMSAT). The acquisition, including Goonhilly’s lunar and deep space communications, commercial satcom, and defense and se
Mantle8 Raises €31 Million in Series A Funding to Prove Commercial Viability of Natural Hydrogen Production
Mantle8, unearthing natural hydrogen, led by Emmanuel Masini, has raised €31M in Series A funding led by Sandwater and includes Breakthrough Energy Ventures, Ecotechnologies 2 fund managed on behalf of the French government by Bpifrance, IP Group, Wind Capital, and Calderion (an Audacia-backed investment platform). This capital will fund the next two years of advanced natural hydrogen exploration and drilling. Mantle8 will deploy its technology platform to identify and rank p
Moment Energy is Building World’s Largest Battery Repurposing ‘Megafactory’ in Vancouver in 6 Weeks
Moment Energy, developing a new standard for commercial-scale energy storage, led by Edward Chiang and the team, announced it is building the world’s largest battery repurposing facility in Vancouver, British Columbia, over the next 6 weeks, marking a major step forward in scaling domestic energy storage infrastructure and the fastest in the world to scale battery manufacturing. The announcement follows the company’s $40M Series B, bringing total funding to over $100M and ref
Enhanced Radar Raises $7 Million To Accelerate Growth
Enhanced Radar, applied AI for aviation, led by Eric Button, has raised $7 million in funding, led by Initialized Capital, joined by investors such as United Airlines, Y Combinator, Decisive Point, and several individual founders and operators with a track record in aviation and elsewhere, including Tyson Weihs, Sky Dayton, Adrian Aoun, James Tamplin, Oliver Cameron, and other operators from top companies such as NVIDIA, OpenAI, and more. Enhanced Radar is building systems th
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Security
General Analysis is Building the Security Arsenal for the Agentic Era
General Analysis, providing a comprehensive suite of AI safety tools, including run-time guardrails, red-teaming frameworks, interpretability techniques, observability, and more, led by Rez Havaei, Maximilian Li, and Rex Liu, has raised $10 million in seed funding led by Altos Ventures with participation from 645 Ventures, Menlo Ventures, Y Combinator, Leonis Capital, & strategic funds & angels. Agent Security Is an Empirical Problem Traditional software is deterministic and
General Analysis is Building the Security Arsenal for the Agentic Era
General Analysis, providing a comprehensive suite of AI safety tools, including run-time guardrails, red-teaming frameworks, interpretability techniques, observability, and more, led by Rez Havaei, Maximilian Li, and Rex Liu, has raised $10 million in seed funding led by Altos Ventures with participation from 645 Ventures, Menlo Ventures, Y Combinator, Leonis Capital, & strategic funds & angels. Agent Security Is an Empirical Problem Traditional software is deterministic and
How MindFort is Securing the World's Software in the AI Era
MindFort, building the security agent company, led by Brandon Veiseh and Akul Gupta, has raised a $3M+ seed round, led by Soma Capital, with participation from Y Combinator, 468 Capital, CRV, Sandwith Ventures, and Blast. The raise comes as Anthropic showcases AI systems capable of uncovering thousands of hidden vulnerabilities, highlighting the limits of traditional security approaches. MindFort addresses this shift with an autonomous security engineer built for continuous,
TENEX.AI Announces $250M in Series B
TENEX.AI , the first leading AI-native, human-led SOC that triages every alert, investigates every threat, and frees your team for strategic work, led by Eric Foster, Venkata Koppaka, Ryan Shreve, Edwin Solis, Jan Grzymala-Busse, Elias “Lou” Manousos, and the team, has raised $250M in Series B funding led by Crosspoint Capital Partners . Nearly one year since entering the market, TENEX has achieved rapid growth, generating $25M+ in contracted revenue, scaling headcount by 3
XBOW Accelerates the Expansion of its Autonomous Hacker Platform
XBOW , transforming application security with AI-powered continuous offense, led by Oege de Moor, Nico Waisman, Niroshan Rajadurai, Jonaki Egenolf, and others, has raised $120 million in Series C financing led by DFJ Growth and Northzone , valuing the company at over $1 Billion. As part of DFJ Growth’s investment, Ramin Sayar will join XBOW’s board, bringing experience to scale enterprise growth. The round also includes Sofina , Alkeon Capital , and existing investors Alt
How Manifold is Securing AI Agents on Endpoints
Manifold , building runtime security for AI agents on endpoints, led by Oleksandr Yaremchuk, Neal Swaelens, and Michael McKenna, has announced the close of an $8 million seed funding round led by Costanoa Ventures with participation from Cherry Ventures , Rain Capital , and Modern Technical Fund , and notable angel investors including former Uber CSO Joe Sullivan and former Google DeepMind CISO Vijay Bolina. The funding will accelerate development of Manifold’s agentic AI D
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