Everyone else is shrinking satellites. K2 raised $500m to build giant ones, and put AI in orbit.
Everyone else is shrinking satellites. K2 raised $500m to build giant ones, and put AI in orbit.

Most satellite startups are racing to build smaller. K2 Space is going the other way, on purpose. Investors just handed it $500 million to keep going bigger. K2 raised a $500 million Series D at a $6.8 billion valuation, it said on Thursday. Kleiner Pe…

The unsexy layer AI agents actually need: DataBahn raises $40m to sell it
The unsexy layer AI agents actually need: DataBahn raises $40m to sell it

The glamorous part of AI is the models. The expensive, unglamorous part is getting them the right data. A startup just raised $40 million betting that job is the next big enterprise layer. DataBahn, a Texas company founded in 2023, has closed a $40 mil…

The chips that wire GPUs together are the new prize. Xsight raised $300m to sell an open one.
The chips that wire GPUs together are the new prize. Xsight raised $300m to sell an open one.

The AI boom made GPUs famous. The dull chips that wire thousands of those GPUs together are quietly becoming just as valuable. Xsight Labs, an Israeli chipmaker, has raised more than $300 million at a $2.8 billion valuation, it said on Thursday. Fideli…

Space-Eyes, backed by Eric Trump, plans a $638m SPAC debut
Space-Eyes, backed by Eric Trump, plans a $638m SPAC debut

Space-Eyes, a Miami geospatial-intelligence company backed by Eric Trump, plans to go public through a $638 million blank-cheque deal, deepening the family’s defence-tech ties. A defence-technology company backed by Eric Trump is preparing to go public…

Ex-Anduril founders raise $30mn to build Europe’s synthetic battlefield for defence AI
Ex-Anduril founders raise $30mn to build Europe’s synthetic battlefield for defence AI

A London startup building the training grounds for Europe’s autonomous weapons has come out of stealth with $30mn. It is one of the region’s largest defence-tech seed rounds this year. Agon is not building the weapons themselves. It is building the inf…

To find out what customers think, this $2bn startup asks their AI twins
To find out what customers think, this $2bn startup asks their AI twins

A startup wants companies to stop asking real people what they think, and ask fake ones instead. Simile has raised $200m at a $2bn valuation to build “agentic twins,” AI stand-ins for real consumers that firms can survey by the million. Greenoaks led t…

Bloom Security lands $20 million seed as AI rewrites what runs on the enterprise endpoint
Bloom Security lands $20 million seed as AI rewrites what runs on the enterprise endpoint

Work does not look like it did three years ago. Employees now assemble their own toolkits daily: AI agents that act on their behalf, browser extensions that reshape how they read and write, code packages pulled from public registries, MCP servers conne…

AI agents are about to run the enterprise. Onyx raised $113M to keep a human in the loop.
AI agents are about to run the enterprise. Onyx raised $113M to keep a human in the loop.

Enterprises are handing more of their work to AI agents. Onyx Security just raised $113m to make sure a human can still say no. The Israeli startup’s Series B, led by Bessemer Venture Partners, values it at about $640m, Calcalist reported. That is a se…

Highland Europe closes a €1.1bn fund to keep backing European scale-ups
Highland Europe closes a €1.1bn fund to keep backing European scale-ups

Highland Europe has closed a €1.1 billion fund, its sixth, giving the growth-stage investor fresh capital to keep backing European technology companies as they scale. The firm announced Fund VI on 30 July, alongside the promotion of two investors to pa…

The AI race built faster chips. Now the chips are too fast for their own wires.
The AI race built faster chips. Now the chips are too fast for their own wires.

For three years, the AI race has been a race for faster chips. Eliyan just became a $1bn company by pointing out that the chips are now too fast for their own wires. The Santa Clara startup said it closed an oversubscribed $145m Series C at a $1bn valu…