Investors and funding

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Anduril opens a $1.3bn employee tender at a $90bn valuation

Anduril is letting current and former employees sell shares in a tender offer that values the defence tech company at about $90bn. The shares are priced at $94.80 each, and the offer is capped at about $1.3bn, according to Bloomberg’s sources. Rebecca Torrence, Edward Ludlow, Natasha Mascarenhas and Katrina Manson first reported the tender for […]

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RapidCanvas raises $29M to build and run AI apps for enterprises

RapidCanvas, which pairs an AI agent platform with its own engineers to build business apps for companies, raised a $29M Series B led by Vertex Ventures SEA & India, with Hitachi Ventures joining. It will hire in the US, Brazil, and India. Total funding now stands at $52.5M. Austin-based RapidCanvas has raised $29M in Series […]

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Rakuten raises record ¥400B from bond sale driven by retail investors

Rakuten priced ¥400B ($2.5B) of yen bonds on Friday, its largest yen bond sale, with ¥360B going to retail investors. The 5.5-year debt carries a 4.37% coupon. Japanese companies have sold about ¥3.2T of retail bonds this year, already above 2025’s record. Rakuten Group has priced ¥400B (about $2.5B) of yen bonds, its largest yen […]

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Stockholm startup Matters raises $5m pre-seed to build an AI-native bank

Matters, a Stockholm startup building an AI-powered consumer bank, has raised $5m in pre-seed funding as it comes out of stealth. Swedish angel investor Jakob Johansson led the round. Per Österström founded the company in April. He founded Sambla, a Nordic consumer loan broker, in 2014 and sold it to Nordic Capital in 2021. Matters plans […]

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CarbonAI raises $12M to automate commercial real estate underwriting with AI agents

CarbonAI has raised $12M led by Cowboy Ventures for AI agents that handle underwriting, due diligence and post-close monitoring on commercial real estate loans. The EU AI Act treats consumer credit decisions as high-risk but not corporate lending, a line that blurs when a sponsor gives a personal guarantee. CarbonAI has raised $12M for AI […]

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Modal raises $750M at $15.75bn valuation as run rate tops $1bn

Modal, a cloud company that runs AI models and code for developers, announced on Wednesday that it has raised $750 million in a Series D round at a $15.75 billion valuation. Accel led the round, and Kleiner Perkins joined. All of Modal’s existing investors also took part, including Menlo Ventures, General Catalyst, Redpoint, Lux Capital, […]

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Estonian energy storage firm Skeleton becomes unicorn with Siemens deal

Siemens has bought into Skeleton Technologies, an Estonian maker of energy storage systems. With this, the deal values Skeleton at more than $1 billion, its CEO Taavi Madiberk told Bloomberg. The deal closed this month and was worth more than $100 million, the company said, but it did not give the exact figure. In return, […]

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Uvi raises $7.5M to give AI agents the company context they lack

Uvi, a startup that feeds company knowledge to AI agents, has emerged from stealth with $7.5 million in seed funding. CT Innovations and Cardumen led the funding round, with Mana VC, 91 Ventures, and Gaingles VC also participating. Uvi plans to use the funds to build a US team, increase sales, and continue developing its […]

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Cachet raises new funding to insure Europe’s gig and mobility platforms

Tallinn startup Cachet, which sells insurance to ride-hailing, scooter, and gig-work apps, has closed a funding round led by Spintop Ventures. The deal raises its total capital to about €11 million. Moreover, Truffle Capital and Icebreaker.vc, both earlier backers, joined the round. Cachet acts as a licensed broker rather than an insurer. Its policies are shaped […]

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DeepSeek to lead seed round in $400mn robot AI start-up, Bloomberg reports

DeepSeek has agreed to lead the first funding round for Winverse AI, a start-up building AI for robots, Bloomberg reported, citing people familiar with the matter. The seed round is worth tens of millions of dollars and would value Winverse at about $400mn after the investment. Meituan’s investment arm, Long-Z, has also committed, the people said. […]

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