General Catalyst has decided it wants exposure to Factorial in two ways at once. The Barcelona software company has closed a $150M Series D led by the firm at a $2.5bn valuation, and General Catalyst is committing a further $540M through a separate veh…
Science can already tell you what a molecule is and what it looks like. What it has never been able to tell you, cheaply and at scale, is how the thing behaves once it meets the messy conditions of the real world. That gap is where drugs quietly fail i…
The appetite was the story. Applied Aerospace & Defense priced its initial public offering on Tuesday at $20 a share, raising $650M, and by the time the book closed the deal was said to be about ten times oversubscribed. A company that makes fusela…
DeepSeek has spent eighteen months as the most talked-about AI lab that almost nobody could invest in. That is about to change. The Chinese startup is slated to raise roughly 50 billion yuan, about $7bn, in its first external funding round, according t…
The Cambridge clinic has regulatory approval to triage, treat and discharge patients without a human in the loop. Now it wants to do the same for hip, knee and pelvic-health conditions. The unusual thing about Flok Health is not that an AI runs a physi…
Megaport spent a decade as a company you used to connect to other people’s clouds. On Wednesday it announced a plan to become one. The Australian networking firm secured four new AI infrastructure contracts worth a combined A$458.9M (about $329M) and l…
A cement kiln is one of the least forgiving machines in industry. It runs at fourteen hundred degrees, it cannot easily be stopped, and the software deciding its fuel mix and oxygen levels is often older than the engineers tending it. Gigaton wants to …
The London and Budapest startup runs its modernisation AI entirely on-premise, aimed at the banks and insurers whose core systems still run on COBOL and Oracle Forms. The most important software in a bank is often the software nobody fully understands …
Focused Energy, a Germany-based fusion startup, has raised an oversubscribed $240 million Series A round to develop a commercial reactor based on the same approach that produced the world’s first controlled fusion reaction with net energy gain. The rou…
701x, a Fargo-based agricultural technology company, has closed an oversubscribed Series B round exceeding $10 million, funded entirely by local investors from North Dakota and Minnesota and rancher-customers across the United States. No venture capita…