PsiQuantum has received a conditional commitment for a loan of up to $150 million from the US Department of War’s Office of Strategic Capital. The quantum computing company announced the commitment on Thursday. It is the second conditional loan from th…
Waymo has closed a $5bn term loan, the first time the Alphabet-owned robotaxi company has raised money through debt. Pimco, Blackstone and Sixth Street led the loan, Waymo said on Thursday. The money will go into expanding Waymo’s driverless ride-haili…
Quantum computing, healthcare and energy security are the fields Nvidia wants to strengthen with commitments it values at $1 billion. The money will be spread over the next five years. The company announced the commitments on Thursday at the Science: A…
European startups raised $25bn in the third quarter, their strongest quarter for venture funding in four years. In North America, startup funding fell 35% from the previous quarter to $92bn, Crunchbase data shows. Europe’s total was up 77% on the $14bn…
VEIR has raised $110 million in a Series C round. The Massachusetts company makes superconducting power cables for AI data centres. Matter Venture Partners and Tyche Partners co-led the round, which VEIR called oversubscribed. LG Technology Ventures, G…
Voltus has raised $225 million in a Series D round. The San Francisco company pays businesses and homes to cut, shift or supply power when the grid needs it. Generation Investment Management led the round, with Activate Capital and the energy trader Vi…
Quantum computing startup Oratomic has raised $475 million at a $5.4bn valuation, Isabelle Bousquette reported for The Wall Street Journal on Thursday. The round came three months after its Series A and lifted its valuation from $1.5bn. The same day, B…
DARPA has moved Atom Computing, Diraq, IBM and IonQ into the final stage of its Quantum Benchmarking Initiative. The US defence research agency runs the programme to test whether anyone can build a useful quantum computer by 2033. DARPA announced the f…
The US Department of War has offered chipmaker Wolfspeed a conditional loan of up to $1.5bn over 30 years. In return, Wolfspeed would give the department warrants to buy up to 7.5% of the company. Wolfspeed filed for bankruptcy protection in June 2025….
According to a new unsealed filing in New York’s lawsuit, TikTok gave thousands of users, including teenagers and children, a safety tool that did not work. Reuters reported the allegations on October 7, after a judge ordered the filings unsealed. They…