Eighteen48 raises EUR175 million to back the private equity deals no one else sees
Eighteen48 raises EUR175 million to back the private equity deals no one else sees

  Eighteen48 Partners, the London-based alternative asset manager co-founded by Julien Sevaux, Tarek AbuZayyad, and Edward Clive, has closed €175 million for the first tranche of its inaugural private equity fund. The fund is targeting €350 million in …

Multiverse raises $70m at a $2.1bn valuation to push its AI-adoption pitch across Europe
Multiverse raises $70m at a $2.1bn valuation to push its AI-adoption pitch across Europe

The round, led by Schroders Capital, follows January’s acquisition of Berlin-based StackFuel and 50% year-on-year revenue growth. Customers include the AA, Babcock, and Capital. Multiverse, the London-based AI- and tech-upskilling platform founded by E…

STT Global Data Centres lines up a $500m Mumbai listing, in front of a crowded 2026 IPO queue
STT Global Data Centres lines up a $500m Mumbai listing, in front of a crowded 2026 IPO queue

The Singapore-controlled, Tata-minority data-centre operator has invited banks to pitch this month. The listing would slot in ahead of Sify and Yotta in India’s first wave of pure data-centre IPOs. STT Global Data Centres India is preparing an initial …

Iceotope raises $26m as AI rack densities push past what air cooling can do
Iceotope raises $26m as AI rack densities push past what air cooling can do

Barclays Climate Ventures and Two Seas Capital led the British precision-liquid-cooling company’s Series B, with existing backers ABC Impact, Northern Gritstone, Edinv, and British Patient Capital all returning Iceotope, the British precision-liquid-co…

Thrive Capital bets $100 million on Shopify, because sometimes the best AI trade is a beaten-down stock
Thrive Capital bets $100 million on Shopify, because sometimes the best AI trade is a beaten-down stock

Joshua Kushner’s Thrive Capital has taken a roughly $100 million stake in Shopify, according to Bloomberg, which cited people familiar with the matter. The investment is notable less for its size, $100 million is a rounding error in a firm that raised …

Graphon AI exits stealth with $8.3M to build the data layer that LLMs are missing
Graphon AI exits stealth with $8.3M to build the data layer that LLMs are missing

The name is the tell. Graphon AI, which emerged from stealth on Wednesday with $8.3 million in seed funding, is named after a mathematical object that most people in AI have never heard of and that its two most prominent advisors helped invent. A graph…

Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake
Cerebras raises $5.55bn in the biggest US tech IPO since Snowflake

Priced at $185, above the marketed range, the wafer-scale chip company opens trading on Thursday at a $56.4bn valuation. The OpenAI deal is what got the book covered. The customer concentration footnote is what the next quarter has to answer. Cerebras …

Anduril raises $5bn at $61bn valuation, doubling in eleven months
Anduril raises $5bn at $61bn valuation, doubling in eleven months

Thrive Capital and Andreessen Horowitz led the round on the back of $2bn+ in 2025 revenue and a $20bn Pentagon enterprise agreement signed in March. Anduril Industries has raised $5 billion in a round led by Thrive Capital and Andreessen Horowitz, doub…

Kevin Hartz’s A* takes a ‘less-is-more’ approach with new $450m fund
Kevin Hartz’s A* takes a ‘less-is-more’ approach with new $450m fund

While AI peers chase billion-dollar megafunds, the Eventbrite founder’s venture firm has gone the other way. Kevin Hartz, the Eventbrite co-founder turned long-time seed investor, has closed a $450m fund at A*, his San Francisco venture firm, according…

Vapi raises $50m Series B led by Peak XV for enterprise voice AI
Vapi raises $50m Series B led by Peak XV for enterprise voice AI

Peak XV leads. M12, Kleiner Perkins, and Bessemer Venture Partners join; earlier investors return. Amazon Ring, Intuit, and New York Life are named enterprise customers; total funding now stands at $72m. Vapi, the San Francisco-based enterprise voice-A…