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Photon Bridge, redefining photonics integration, led by Paul Marchal and Rui Santos, has raised €10 million to tackle an emerging bottleneck in AI infrastructure: producing the millions of lasers that will be needed to connect increasingly large clusters of AI processors. The round was co-led by new investors, the Amadeus APEX Technology Fund and 360 Capital, with existing investors Innovation Industries, Faber, and Brabant Development Agency (BOM) also increasing their inves

Positron AI, building hardware and software to make AI inference dramatically cheaper and more energy-efficient, led by Mitesh Agrawal, announced that General Compute, the neocloud for alternative chips, led by Finn Puklowski, will purchase its Atlas inference systems and has committed to purchasing its next-generation Titan systems, expanding General Compute’s dedicated inference offering. The agreement expands General Compute’s world-class inference offering with Atlas and

Salience Labs, a leader in photonic chips targeting connectivity for AI data center infrastructure, led by Vaysh Kewada and Johannes Feldmann, has announced the successful completion of an oversubscribed $125 million Series B funding round. The round is led by Bullhound Capital, with Principal Callum Stewart joining the Salience Labs Board of Directors. Additional investor participation came from AMD Ventures, Intel Capital, SBI Group, Hudson River Trading and British Busines

Ubitium, the semiconductor startup building a universal processor for machines that perceive, think, and act in the real world, led by Hyun Shin Cho, Martin Vorbach, Peter W Weber, and the team, has raised $14 million in new seed funding led by Ibex Investors, with participation from OpenOcean, existing investors including KBC Focus Fund, Runa Capital, and Inflection, and Florian Seibel, co-founder and co-CEO of European defence technology company Quantum Systems, investing p

Rebellions, a global leader in AI inference infrastructure, and ai&, a vertically integrated global AI technology company, are partnering to deploy Rebellions RebelRack within ai&’s heterogeneous infrastructure as part of the ai& inference service in Japan. The collaboration expands domestic access to Rebellions-powered inference, supporting Japan’s sovereign AI priorities. ai& will begin deploying Rebellions-powered infrastructure at its Tokyo data center, with plans to sca

Volantis, a scalable solution to the memory bottleneck, enabling more than an order-of-magnitude increase in capacity and bandwidth, led by Tapa Ghosh and Roy Meade, has raised a Series A, led by Lachy Groom and Abstract, totalling $97M in funds raised to date, including from Sam Altman, Jeff Dean, Dylan Patel, John Doerr & others. Volantis is developing an optical interconnect technology designed to enable models with over 10 trillion parameters to run at speeds of up to 10,

CScale, building an integrated light engine to deliver reliable optical connectivity for AI infrastructure at gigawatt scale, led by Martin Lund, Sanjai Kohli, and the team, has exited stealth, announcing $145 million in Series C funding to accelerate development and commercialization of optical interconnect for AI scale-up, the high-bandwidth, ultra-low-latency connections that let accelerators work together like a single, much larger computer. The round brings the company’s

SiMa.ai, scaling physical AI, led by Krishna Rangasayee and the team, announced $150 million in Series C financing, bringing the total capital raised to $500 million and valuing the company at $1.45 billion. The round was co-led by Fidelity Management & Research Company and Amplify, with participation from Alter Venture Partners, Dell Technologies Capital, Maverick Capital, +ND Capital, Point72, and StepStone Group. AllianceBernstein, Baron Capital, J.P. Morgan, and the State

Qualcomm has launched two flagship smartphone processors, called Snapdragon 8 Elite Gen 6 and Snapdragon 8 Elite Extreme Gen 6, with a focus on facilitating better AI-focused features. At its annual Snapdragon Summit, Qualcomm highlighted new chip capabilities designed to improve personalization for AI agents. New sensing hubs can run models with up to 200 million parameters locally, enabling features such as on-device personal transcription, speaker identification, and usage

Morphotonics, the global leader in large-area nanoimprinting technology, led by Hugo da Silva, Jan Matthijs ter Meulen, Bram Titulaer, and Maurice Berden, has closed a Series B financing round of more than €40 million to scale its manufacturing technology for AI glasses, Augmented Reality waveguides, and advanced photonic components. Morphotonics develops large-area nanoimprint lithography platforms. The expanded Series B reflects the continued support of existing investors 3

TUSK IC, a spin-out of KU Leuven and developer of CMOS ICs for the automotive, industrial, and SatCom segments, led by Kathleen Philips and the team, has announced the successful closing of its Series A funding round led by Matterwave Ventures, FORWARD.one, and Flanders Future Tech Fund, managed by PMV, with participation from the Schaubroeck family and continued support from the current investors. The funding will accelerate commercialization of TUSK’s Standard CMOS-based b

EUCLYD, a European semiconductor systems company developing ultra-efficient infrastructure for foundation AI models, led by Bernardo Kastrup and Atul Sinha, has signed a Series A financing round of more than €200 million, co-led by Samsung, Somerset Capital Partners, Scaleup Europe Fund, which is managed by EQT, and Innovation Industries, with participation from EIFO, the Export and Investment Fund of Denmark, imec.xpand, Brabant Development Agency (BOM), and Quadri. Peter We

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

Besxar, the exoindustrial company manufacturing advanced semiconductor materials, led by Ashley Pilipiszyn, has reported the results of Besxar Flight-1 “Mission Asimov.” On July 5, 2026, two Besxar-built “Clipper-class” canisters flew aboard a SpaceX Falcon 9 first-stage booster and were recovered intact after the booster returned to land. The mission marked Besxar’s first flight carrying custom wafer cartridges, power, avionics and printed-circuit hardware designed and built

iPronics, a pioneer in silicon photonics-based optical circuit switching for AI infrastructure, led by Christian Dupont, Daniel Pérez-López, and the team, has announced $125 million in Series B funding co-led by Maverick Silicon and Light Street Capital. NVIDIA joined the round, with participation from new and existing investors including Triatomic Capital, Bosch Ventures, Catalight Capital, European Innovation Council Fund, The Tate Family Trust, Fine Structure Ventures, Ama

Lyte, the physical AI perception company led by Alexander Shpunt, Dr. Arman Hajati, and Dr. Yuval Gerson, has announced a $165 million Series C financing led by Maverick Silicon. The round values Lyte at $1.6 billion post-money. The round included Fidelity Management & Research Company, which led Lyte's Series B, along with Atreides Management, Key1 Capital, Ora Global (formerly Exor Ventures), and additional existing and new investors. Total capital raised since the company'

Architect Labs, an AI research lab for custom silicon, led by Ebrahim Hussain and Aaditya Subedi, has announced that its AI System generated and fully verified end-to-end from a human-written specification, a production-worthy AI accelerator called Redwood. With just two human architects providing the specifications, the AI system designed and fully verified the chip in under two weeks. It also co-designed the firmware and custom kernels and mapped modern AI models to the har

Thunder Compute, building a new way to virtualize GPUs, led by Carl Peterson and Brian Model, has raised a $13 million Series A round led by Matrix Partners, with participation from Y Combinator and CEAS Investments. The capital will be deployed to address the GPU capacity shortage by eliminating the estimated $200 billion in wasted compute currently sitting idle, while building toward a future in which every GPU is virtualized. Enterprises currently underutilize GPUs, with a

Etched, building frontier inference clusters, led by Gavin Uberti, Robert Wachen, and Chris Zhu, has shipped its first rack to Jane Street. The company has raised $700M at a $21B valuation, led by Jane Street, joined by Kleiner Perkins, Sequoia Capital, Andreessen Horowitz, Peter Thiel, Tiger Global, Bain Capital Ventures, Neo, Stripes, Primary, Positive Sum, Diffusion, Argo, and Blackstone. Less than 1% of the world has access to frontier AI models, creating a need for new

SweGaN, which manufactures high-quality, custom-made epitaxial wafers and materials based on robust GaN technology for manufacturers of leading components and devices for satellite, communications, and defense organizations, led by Jr-Tai Chen, has announced the closing of a USD 14 million Series B round. The round was led by Swedish investor Thisbe AB, Danish venture capital firm North Ventures, and existing shareholders, underscoring continued investor confidence in SweGaN’