Investors and funding

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India’s Equirus weighs a fundraising round of up to $60m

The Mumbai investment bank is considering raising fresh capital through new shares and stake sales, a bet on the strength of India’s public-listing pipeline. India’s capital markets have been busy enough lately to make the firms that arrange the deals worth investing in themselves. Equirus Capital, a Mumbai-based investment bank, is considering raising as much […]

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China’s Nexchip seeks up to $890m in Hong Kong share sale

Nexchip Semiconductor is China’s third-largest pure-play foundry, a sentence that until recently would not have led to a Hong Kong listing. It does now. The Hefei-based, state-backed chipmaker is seeking to raise up to HK$6.98 billion, or roughly $890 million, in a share sale that adds to a sudden rush of Chinese semiconductor companies floating […]

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Google’s GV bets $30M on a stock exchange for space

The space industry can build rockets. Moving money around them is the hard part. A new startup called Nebex wants to fix that, and Google’s venture arm is backing it with $30mn. GV, formerly Google Ventures, led the seed round, Bloomberg reported. Nebex also opened a banking relationship with JP Morgan. The company is the […]

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Arena, the AI leaderboard everyone uses, just became a 100 million dollar business

Arena, the crowdsourced AI leaderboard that started as a UC Berkeley research project in 2023, has reached 100 million dollars in annualized revenue just eight months after launching its first commercial product. The platform is best known for letting users compare two anonymous AI model responses side by side and vote on which is better. […]

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Omen AI raises $31m to watch the water inside AI data centres

The unglamorous truth about the AI boom is that some of its hardest problems are plumbing. As data centres pack more GPUs into every rack and run them hotter, the fluid that keeps the chips from cooking has started, occasionally, to grow bacteria. That is the problem Omen AI has built a company around, and […]

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Rocket Lab buys Iridium for $8bn in a bet to become a smaller Starlink

For most of its life Rocket Lab has sold the picks and shovels of the space economy: small rockets, satellite buses, components for other people’s missions. It has now decided that selling the tools is not as valuable as owning the mine. The company agreed to acquire Iridium Communications for about $8bn, paying $54 per […]

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DeepSeek’s $7.4bn raise is one symptom of China’s AI cash surge

China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had run for three years on founder Liang Wenfeng’s own wealth and never […]

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OpenAI may delay its IPO to 2027 to hold out for $1tn

Patience has a price, and someone else is paying it. OpenAI may wait until 2027 to go public. The wait is meant to buy a bigger number. OpenAI is weighing a listing as late as 2027, Bloomberg reported. That timeline could see it go public after its rival Anthropic. Altman has reportedly rejected an earlier […]

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Peec AI doubles its valuation betting GEO is the new SEO

For 20 years, marketing meant one thing: rank on Google. That deal is breaking. A Berlin startup has just doubled its valuation on a bet about what comes next. Peec AI is in talks to raise new funding at a pre-money valuation of $200M, Sifted reported, citing three sources. That is roughly double its worth […]

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Ex-Anthropic researchers raise $200M for self-improving AI

Mirendil, founded by two researchers who left Anthropic after barely a year, has raised $200m at a $1bn valuation. The pitch: sell the self-improving AI that the big labs build for themselves and guard from everyone else. The biggest AI labs share one private conviction. The fastest way to build better AI is to point […]

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