Temporal raises $550m at $12.55bn to keep AI agents from failing
Temporal raises $550m at $12.55bn to keep AI agents from failing

Temporal has raised $550m in a Series E round that values it at $12.55bn. That is more than double its valuation seven months ago. The company announced the round on 14 September. Lightspeed Venture Partners led the round. Wellington Management, Growth…

Anthropic expects a second straight quarter of adjusted operating profit
Anthropic expects a second straight quarter of adjusted operating profit

Anthropic has told shareholders it expects positive adjusted operating income for a second straight quarter, the Financial Times reported on Sunday, citing several people with knowledge of the matter. CNBC reported the same on Monday, citing two people…

SoftBank shares slide up to 13% as AI stocks fall on slowdown calls
SoftBank shares slide up to 13% as AI stocks fall on slowdown calls

SoftBank Group shares fell as much as 13% in Tokyo on Monday, their steepest drop since 17 July. AI-linked stocks sold off worldwide that day. Over the weekend, the heads of Anthropic and OpenAI had called on the industry to slow the development of mor…

Profound raised $180m at a $1.8bn valuation to sell brands visibility in AI answers
Profound raised $180m at a $1.8bn valuation to sell brands visibility in AI answers

Profound, an enterprise-grade marketing platform built for Answer Engine Optimization (AEO), has raised $180M in a Series D co-led by Sequoia Capital and Kleiner Perkins, valuing the two-year-old New York company at $1.8bn, Bloomberg reports. The price…

Tandem Health raises $100m to turn its AI scribe into clinic software
Tandem Health raises $100m to turn its AI scribe into clinic software

Stockholm-based Tandem Health has raised $100m in a Series B round led by the Scaleup Europe Fund, which EQT manages. The company announced the round on 14 September. Existing investors Kinnevik, Northzone, Amino Collective, and Visionaries also took p…

Anthropic is Rum Group’s $13.7bn compute customer, The Information reports
Anthropic is Rum Group’s $13.7bn compute customer, The Information reports

Anthropic is the unnamed customer behind a $13.7bn, six-year computing contract that Rum Group disclosed last month, The Information reported on Sunday. Rum Group owns the video platform Rumble. Reporters Valida Pau and Phoebe Liu cited one person fami…

The robot that sweeps the car park is also watching it. Viabot’s $24m round calls that soft security.
The robot that sweeps the car park is also watching it. Viabot’s $24m round calls that soft security.

Viabot has raised a $24m Series A led by Walden International, bringing total funding to $43m for its autonomous outdoor sweeping robot. The same machine runs what the company calls soft security, using its navigation sensors to detect loitering and tr…

Jack & Jill raises $40M to put an AI agent on both sides of the hiring table
Jack & Jill raises $40M to put an AI agent on both sides of the hiring table

Jack & Jill has raised $40M in a Series A led by Air Street Capital, bringing total funding to $60M less than a year after a $20M seed round. Madrona and Antler are new investors, and Creandum, Ada Ventures, Entrepreneurs First, Expedite Capital, a…

Intrepid Growth Partners closes a $525m AI fund with state money from four countries
Intrepid Growth Partners closes a $525m AI fund with state money from four countries

Intrepid Growth Partners has closed its first fund at $525m and launched formally from offices in Toronto and London. Mark Machin, Mark Shulgan and Ajay Agrawal founded the firm in 2023, and it already holds nine portfolio companies, among them Physics…

Open Cosmos raises €300M to scale satellite manufacturing across four European factories
Open Cosmos raises €300M to scale satellite manufacturing across four European factories

UK – Open Cosmos has raised €300M to expand satellite mass manufacturing and build out the connectivity and data services it runs on top of its own constellations, in a round led by European investors. The round was led by Lightrock with ETF Partners, …