Reach Capital closes $265M Fund V to back 'human potential' AI
Reach Capital closed a $265 million Fund V to back AI founders in learning, health, and work, aiming to fund roughly 50 companies.
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809 storiesDetroit's Grounded raises $5M to customize electric and gas-powered vans
Detroit startup Grounded closed a $5 million seed round and opened a 50,000-square-foot Detroit manufacturing facility as it pivots to customizing both electric and gas-powered commercial vans.
Higgsfield raises $400M Series B at $5.4B valuation
AI video startup Higgsfield raised a $400 million Series B led by DST Global at a $5.4 billion valuation, quadrupling its valuation from eight months earlier.
Sonic Fire Tech raises $15M for sound-based fire suppression
Sonic Fire Tech raised a $15 million round led by The O.H.I.O. Fund, with Khosla Ventures participating, to test a sound-powered system it says can snuff out fires within seconds.
Terra Industries closes $52M seed to build African defense infrastructure
African defense tech company Terra Industries added $18 million to its seed round, bringing the total to $52 million, with investors including 8VC.
Wispr raises $280M at $2B valuation, expands past dictation
Wispr, maker of an AI dictation tool, raised $280 million in a Series B led by Menlo Ventures at a $2 billion valuation as it expands into meeting note-taking.
Stripe reportedly nearing $7B+ deal to acquire OpenRouter
Stripe has reportedly finalized a deal to acquire AI gateway startup OpenRouter for more than $7 billion, according to a Bloomberg report.
SpaceX officially closes its Cursor acquisition
SpaceX has completed its acquisition of AI coding startup Cursor, giving the company access to SpaceX's computing infrastructure, which it already rents to customers like Anthropic and Google.
Talks to sell PayPal to Stripe and Advent are heating up
Stripe and private equity firm Advent are reportedly back in talks to acquire PayPal, months after PayPal rejected a $60.50-a-share, $53 billion offer from the pair.
Thrive's Joshua Kushner chides Silicon Valley VCs over AI euphoria
In Thrive Capital's first investor letter, founder Joshua Kushner warned that Silicon Valley's AI excitement risks weakening investment discipline, contrasting his concentrated approach with rivals' spray-and-pray bets.
Databricks settles on $5B raise at $190B valuation
Databricks wanted to raise just $1 billion but ended up taking $5 billion after investors expressed $15 billion of interest, pushing its valuation to $190 billion.
Cognition reportedly in talks to raise at $40B valuation, up from $26B in May
AI coding startup Cognition is reportedly in talks to raise new funding at a valuation of at least $40 billion, months after raising $1 billion at $26 billion.
OpenAI-backed Thrive Holdings raises $2B to expand AI-driven business buyouts
Thrive Holdings, the AI-focused rollup of traditional businesses backed by OpenAI, raised $2 billion at a $12 billion valuation to expand into regulatory services for physical infrastructure.
Lovable confirms $13.3B valuation with new $400M Series C
Lovable confirmed it raised $400 million in a Series C round led by Menlo Ventures and the Scaleup Europe Fund, valuing the vibe-coding startup at $13.3 billion.
Reservoir raises $8M seed round for smarter, grid-friendly water heaters
Reservoir raised $8 million in a seed round led by Asymmetric Capital Partners to expand installations of its connected, heat-pump water heaters in the Boston area, its initial market.
India's Yulu raises $93M as quick-commerce fuels e-bike demand
Bengaluru-based Yulu has raised $93 million to expand its electric two-wheeler subscription fleet from around 50,000 to 200,000 vehicles over the next two years.
Accel closes oversubscribed $550M India fund in weeks
Accel closed a $550 million India fund in weeks, just 19 months after its last one, as part of a coordinated $3.5 billion global fundraising push.
Scaleup Europe Fund makes first bet: satellite firm ICEYE
The EU-backed Scaleup Europe Fund, targeting €5 billion ($5.7 billion) for European growth-stage startups, made its first investment in Finnish satellite company ICEYE, now valued above $11 billion.
River AI raises $1.1B seed/Series A led by General Catalyst
River AI, a two-month-old startup founded by xAI co-founder Igor Babuschkin, has raised $1.1 billion in a seed/Series A round to rebuild the AI training stack from scratch.
Joby Aviation buys Resonant Sciences for $500M to grow defense arm
Electric air-taxi developer Joby Aviation has agreed to acquire defense-tech supplier Resonant Sciences for $500 million in cash and stock, forming a dedicated defense division.