Spiro takes $55M from China’s NewTrails as it nears a $1bn valuation
Spiro takes $55M from China’s NewTrails as it nears a $1bn valuation

The hard part of electrifying a motorcycle in Lagos or Nairobi was never the motorcycle, it was the charging. A rider who earns by the trip cannot afford to sit for hours waiting for a battery to fill, which is why Spiro built its business around swapp…

Seedcamp raises $320M and builds out a transatlantic bridge
Seedcamp raises $320M and builds out a transatlantic bridge

Seedcamp has spent nearly two decades writing the first cheque into companies before anyone else was sure they were worth one. Revolut, Wise, UiPath, Synthesia, and Fluidstack all took early money from the London firm, and on Monday it said it had rais…

London’s Isometric lands $40M to certify the industrial economy with AI
London’s Isometric lands $40M to certify the industrial economy with AI

Certification is the kind of work most people never think about until it holds something up. Before a regulator grants a permit, a buyer pays a premium, or an investor releases capital, somebody has to confirm that a claim is true, and for decades that…

Jio Platforms files for India’s largest-ever IPO, with nearly $3 billion earmarked for debt repayment
Jio Platforms files for India’s largest-ever IPO, with nearly $3 billion earmarked for debt repayment

Jio Platforms, the digital and telecom arm of Mukesh Ambani’s Reliance Industries, filed its draft red herring prospectus with India’s securities regulator on Friday for what would be the country’s largest initial public offering. The filing covers a f…

The developer behind VLC’s 6 billion downloads now wants to connect hundreds of millions of robots
The developer behind VLC’s 6 billion downloads now wants to connect hundreds of millions of robots

Jean-Baptiste Kempf, the lead developer of VLC Media Player, has raised $5 million for his startup Kyber, an infrastructure layer for controlling remote devices in real time. The round was led by Lightspeed Venture Partners, which also led Mistral AI’s…

17 fusion startups have now raised over $100M each, and the total keeps climbing
17 fusion startups have now raised over $100M each, and the total keeps climbing

The number of fusion startups that have raised more than $100 million has reached 17, according to a TechCrunch tally published Thursday, with total private investment in the sector now exceeding $13 billion. Two of the most recent rounds, Helion Energ…

The bet against bigger models: Aether AI lands $20mn for causal AI
The bet against bigger models: Aether AI lands $20mn for causal AI

Most of the AI industry is betting that bigger models mean smarter machines. A new startup is betting the opposite. Aether AI, based in San Diego, has raised a $20mn seed round to chase a different idea entirely. Its founder thinks the next leap will n…

A startup betting on a different material for AI’s optics problem just raised $80mn from the people who build the hardware
A startup betting on a different material for AI’s optics problem just raised $80mn from the people who build the hardware

AI’s next bottleneck is not the chips. It is the wiring between them. As clusters grow to hundreds of thousands of GPUs, the copper links that shuttle data between them are running out of road. So the industry is racing to move that traffic onto light …

Immigrant-focused VC Geek Ventures returns with larger checks
Immigrant-focused VC Geek Ventures returns with larger checks

Immigrant founders have long played a significant role in U.S. technology, but access to early-stage capital often still depends on local networks, customer introductions and proximity to established investors. That gap has created room for a small num…

Warren raises €10M to fix Belgium’s broken workplace pensions
Warren raises €10M to fix Belgium’s broken workplace pensions

The typical Belgian works for about 40 years and retires with a workplace pension worth less than a second-hand car. Warren, a Ghent-based fintech, wants to fix that. The company has raised €10mn in a seed round led by Motive Ventures, the venture arm …