Earlybird closes €360M Fund VIII, its largest ever, with a new perpetual ownership model and a deeptech-first thesis
Earlybird closes €360M Fund VIII, its largest ever, with a new perpetual ownership model and a deeptech-first thesis

The Berlin firm, founded in 1997, has raised a new fund every three to four years through every market cycle. Fund VIII is oversubscribed, manages €2.5 billion across strategies, and bets heavily on AI infrastructure, foundation models, and deeptech. E…

Cognizant to acquire AI infrastructure specialist Astreya for $600 million
Cognizant to acquire AI infrastructure specialist Astreya for $600 million

The deal, Cognizant’s fourth major acquisition in 18 months, is designed to plug a specific gap in its AI builder strategy: the ability to design, build, and run the physical data centre infrastructure that enterprise AI actually runs on. Cognizant has…

Spain’s Solaria raises €300m to power data centres with solar and battery storage
Spain’s Solaria raises €300m to power data centres with solar and battery storage

The Spanish solar developer is betting that co-locating renewable generation with battery storage adjacent to data centres is the answer to AI’s power hunger, and investors are oversubscribed at 6.7x. Europe has a data centre problem. Electricity grids…

True Anomaly raised $1 billion to build weapons for a programme the Pentagon has not committed to building
True Anomaly raised $1 billion to build weapons for a programme the Pentagon has not committed to building

True Anomaly, the Colorado-based startup that builds autonomous spacecraft for orbital combat, has raised $650 million in Series D funding at a $2.2 billion valuation, bringing total capital raised to $1 billion since its founding in August 2022. The r…

Venture capital is moving beyond code because the next tech boom will be built, not programmed
Venture capital is moving beyond code because the next tech boom will be built, not programmed

For more than two decades, software has defined the trajectory of venture capital. It was efficient, scalable, and, for a long time, unmatched in its ability to generate outsized returns. Investors poured capital into SaaS platforms, marketplaces, and …

Marloo raises $10M led by Blackbird Ventures to replace the AI notetaker with an AI operating system for financial advisers
Marloo raises $10M led by Blackbird Ventures to replace the AI notetaker with an AI operating system for financial advisers

Blackbird is doubling down: it led both the pre-seed and now the seed, and now holds 34% of the company. Icehouse Ventures also participated. The founders -Hardy Michel, Shakeel Lala, and Ben Robertson, retain ~27% each. US expansion is next. Marloo, t…

The world’s largest EV battery maker is raising $5 billion in Hong Kong
The world’s largest EV battery maker is raising $5 billion in Hong Kong

The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 …

Sereact raises $110 million Series B to build robots that simulate the consequences of their actions before they act
Sereact raises $110 million Series B to build robots that simulate the consequences of their actions before they act

The round is led by Headline, with new investors Bullhound Capital, Felix Capital, and Daphni. Valuation is undisclosed. Sereact’s vision language action models already run in BMW, Daimler Truck, and logistics customers. The $110M is more than four tim…

India’s Acko hires Kotak, ICICI Securities, and Morgan Stanley for a $350 million IPO targeting a $2.5 billion valuation
India’s Acko hires Kotak, ICICI Securities, and Morgan Stanley for a $350 million IPO targeting a $2.5 billion valuation

The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. In FY25 it grew revenue 35% to Rs 2,837 crore and cut net losses by 37%. It has raised over $5…

The Stanford professor behind an FDA-cleared cardiac AI wants $1 billion for his next company
The Stanford professor behind an FDA-cleared cardiac AI wants $1 billion for his next company

Summary: Stanford professor James Zou is reportedly raising approximately $100 million at a valuation targeting $1 billion for a startup called Human Intelligence that applies AI to research on the human body, according to Bloomberg. Zou’s research inc…