Ask an industrial engineer how their plant would recover if a controller’s code got corrupted or encrypted, and the honest answer is often grim: a backup on someone’s laptop, in a folder named “final_backup_2”. Copia Automation wants to replace that wi…
Audit is the part of corporate life almost no one thinks about, and almost everyone pays for. Public companies spend thousands of hours a year collecting evidence, testing controls and writing it all up. Most of it is done by hand, in Excel, much the w…
Baran Ozkan spent 15 months looking for software that did not exist. As head of financial-crime product at a European bank, he wanted a single tool to catch money laundering and fraud. Vendors overpromised. His own employer tried to build one in-house …
A US investor wants to buy into China’s most successful AI-video company. The timing could hardly be more awkward. General Atlantic is in talks to lead the first outside funding round for Kling AI, the video arm of Chinese tech group Kuaishou, Bloomber…
Isaiah Granet spent three weeks at Y Combinator getting turned down by 180 investors. Their reason was always the same: phone calls would not exist in a year. He has now raised more than $100mn to prove them wrong. His startup, Bland, has closed a $50m…
Until last week, about 200 organisations could use a preview of Anthropic’s most capable model, Mythos. They got in through a programme called Glasswing, after the system flagged thousands of software vulnerabilities. Then, on the evening of 12 June, t…
General Intuition, a New York-based AI lab that trains agents to reason about space and time using billions of video game clips, is in talks to raise approximately $300 million at a valuation of just over $2 billion, according to TechCrunch. The round …
SpaceX has appointed Roelof Botha, the former steward of Sequoia Capital, to its board of directors. The appointment, disclosed in an 8-K filing on 17 June, comes less than a week after the company’s record-breaking $75 billion IPO. Botha will serve as…
For years, the scarce resource in AI was chips. Now it is power. Verse Enterprises wants to unblock that bottleneck. The San Francisco startup has raised an oversubscribed $54mn Series B. Bessemer Venture Partners led the round. GV, Nvidia and Norrsken…
Designing a chip is hard. It takes years, hundreds of millions of dollars, and a tiny pool of experts. Most of them sit inside a few large companies. Architect Labs wants to change that with AI. The Palo Alto startup left stealth on Thursday with a $24…