Situational Awareness lost roughly $30bn in July. The desk reported that three weeks ago. What happened inside those six days has not. Gregory Zuckerman, Juliet Chung and Peter Rudegeair have reconstructed it for the Wall Street Journal, and the sequen…
Every few years, someone promises to abolish the hard drive. The latest is Space, a San Francisco startup coming out of stealth with $2.4m in pre-seed funding and an unusually literal pitch: a distributed filesystem that lets people and AI agents work …
Nik Storonsky, the man behind Revolut, has closed a $500m second fund for QuantumLight, the algorithmic venture-capital firm he co-founded to let software, rather than partners, decide where the money goes. The fund is double the size of QuantumLight’s…
A defence software start-up that most of Silicon Valley had never heard of a year ago is suddenly flush with cash, and the reason says a great deal about where the Pentagon is steering the technology industry. Smack Technologies, an Austin-based firm b…
Wispr has raised $280mn at a $2bn valuation. Menlo Ventures led the round, having led the last one too. Total funding now stands at $361mn. The company makes Wispr Flow, a dictation app that turns speech into cleaned-up text in whatever application you…
The US Justice Department is investigating Andreessen Horowitz. At issue is whether partners at the venture capital firm improperly sit on the boards of competing artificial intelligence companies. Bloomberg reported the investigation on Monday, citing…
Aachen-based amber has closed a €7mn Series A. Ventech co-led it with NRW.Venture, the venture arm of NRW.BANK. NRW.BANK is the development bank owned by the German state of North Rhine-Westphalia. By the standards of this year’s AI rounds, €7mn is sma…
Higgsfield has raised $400mn at a $5.4bn valuation. DST Global led the round. Goldman Sachs, Intel Capital, and Liberty Global Tech Ventures all took part, alongside Tribe Capital, Smash Capital, Fifth Wall, Valor Capital, Mirae Asset Capital, and NTT …
Terra Industries has added $18mn to close a $52mn seed round and will open its first office outside Africa in London, while keeping manufacturing in Ghana and Nigeria. The Nigerian company was founded in 2024 and says it is on track for more than $100m…
Groq, the AI-inference chip company that spent the better part of a decade pitching itself as the scrappy alternative to Nvidia, has raised fresh money at a valuation that quietly concedes how much has changed. The company announced on Monday that they…