News
Fluidstack raises $830M Series A at $8B valuation to expand AI infrastructure
2+ hour, 53+ min ago (372+ words) The UK-founded neocloud provider is converting former crypto mining sites into AI data centers, backed by serious institutional capital Fluidstack confirmed it raised $830 million in a Series A funding round at a $7.5 billion valuation, providing the AI infrastructure startup with…...
Anduril launches Thunder helicopter strike drone as defense tech valuations soar
7+ hour, 21+ min ago (301+ words) The $61 billion defense startup adds an autonomous helicopter drone to its growing arsenal, signaling where venture capital's biggest bets are heading. Anduril Industries just added a helicopter to its lineup. An autonomous, strike-capable helicopter drone called Thunder, to be precise....
China's Moonshot pauses Kimi subscriptions amid IPO preparations
10+ hour, 55+ min ago (420+ words) Beijing AI startup halts new sign-ups after demand for its 2.8 trillion parameter model overwhelms compute capacity, while eyeing a $30B Hong Kong listing Moonshot AI has a problem most startups would kill for: too many people want to use its product....
Jeff Bezos backs $450M round for AI materials startup CuspAI as tech capital hunts for real-world AI bets
14+ hour, 20+ min ago (277+ words) The Cambridge-based startup's valuation has roughly quintupled in under a year, reflecting a venture capital market that's increasingly betting on AI with tangible industrial applications. Jeff Bezos is putting serious money behind the idea that AI can reinvent how we…...
OpenEvidence reportedly eyes $200M raise at $20B valuation, signaling AI healthcare's breakneck growth
2+ day, 6+ hour ago (247+ words) The AI-powered medical platform has rocketed from $3.5 billion to potentially $20 billion in under a year, and the trajectory tells a bigger story about where venture capital is flowing. OpenEvidence, the Miami-based AI platform often described as “ChatGPT for doctors,” is…...
Valar Atomics seeks $1B financing at $5B valuation with Sequoia in talks to lead
3+ day, 4+ hour ago (313+ words) The three-year-old nuclear startup just achieved criticality at its Utah test site, and investors are apparently paying attention A nuclear startup founded by a 27-year-old high school dropout is in talks to raise $1 billion at a $5 billion pre-money valuation, with…...
AI startup Lovable is on track for $1B annual recurring revenue, and crypto VCs should be paying attention
3+ day, 11+ hour ago (356+ words) Stockholm-based vibe coding startup Lovable is scaling faster than almost any company in history, raising uncomfortable questions for crypto's growth narratives. A Stockholm-based AI startup called Lovable is sprinting toward $1 billion in annual recurring revenue, a milestone that would make…...
Founders Fund hires former OpenAI executive Ryan Beiermeister as partner
3+ day, 23+ hour ago (318+ words) The Peter Thiel-backed venture firm adds an AI policy veteran with deep experience at Palantir and Meta, signaling intensified focus on frontier tech investments Founders Fund, the venture capital firm co-founded by Peter Thiel, has brought on Ryan Beiermeister as…...
Crypto.com secures $400M investment from Citadel Securities at $20B valuation
3+ day, 23+ hour ago (267+ words) Ken Griffin's market-making giant doubles down on crypto exchanges after similar Kraken deal, signaling traditional finance's accelerating push into digital assets. Citadel Securities just wrote a $400 million check to Crypto.com, valuing the Singapore-based exchange at $20 billion. That puts it…...
Crypto.com lands $400 million from Citadel Securities in first institutional funding round
4+ day, 2+ hour ago (309+ words) The first institutional funding round in Crypto.com’s ten year history will support its expansion into tokenized securities, derivatives and other asset classes. Citadel Securities has made a strategic $400 million investment in Crypto.com, valuing the digital asset platform at…...