OpenAI has lowered the valuation it is seeking for its new funding round to $1.25tn, from the $1.4tn it pitched earlier this month. Some investors had pushed back on the higher price, the Financial Times reported, citing documents it had seen. The comp…
Eka Robotics, a Cambridge, Massachusetts startup building robots that handle objects by touch as well as sight, has raised a $150M Series A. Andreessen Horowitz (a16z) and F-Prime led the round, Eka announced on its blog on Tuesday. The round values th…
Formic, a Chicago company that rents robots to American factories, has raised $50M. Today its robots are built for specific tasks. The money will help it move to general-purpose machines that can take on more kinds of factory work. Axios first reported…
Maxinsights pays people to wear cameras while they cook, clean and work. The Santa Clara startup has now raised $30M in seed funding to turn that footage into training data for robots. Peak XV led the round, the company announced on Thursday. Tola Capi…
Jensen Huang told CNBC on Thursday that demand for neoclouds is “off the charts”, Business Insider reported. His company has put more than $170bn on the line for them and other large customers, according to an analysis of its filings by The Information…
Kevin Weil, who led OpenAI for Science, has launched Warp Sciences with $215M led by Lightspeed, valuing it at $865M, Bloomberg reported. It is building an automated lab in the US for a drug development step that pharma companies have long outsourced t…
Zurich-based Enact Intelligence has emerged from stealth with a $30M pre-seed round from redalpine, Notion Capital and firstminute capital. It builds robots that sense force and touch through their motors, not only cameras. Founder Manuel Yves Galliker…
Xona, a California startup building a satellite navigation network in low Earth orbit, has raised $250 million at a $2.45 billion valuation. Steve Jurvetson’s Future Ventures led the Series D, Xona said on Thursday. The round comes seven months after a…
Almost six in 10 people working in tech say AI has added to their workload rather than cutting it. That is the headline finding of Web Summit’s first State of the Industry report, published on Thursday. Some 59% said their workload had increased, 20% s…
Flapping Airplanes, a San Francisco AI research lab founded in late 2025, has raised $1B at a $6B valuation, led by Index Ventures and Lux Capital, Bloomberg reported. Its valuation has quadrupled since January. It is working on ways to train AI with l…