Investors and funding

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Flok Health raises $12.5M to scale an AI physiotherapist the NHS lets work unsupervised

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 physiotherapy appointment. It is that the NHS has signed off on […]

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Megaport raises A$827M to build a distributed AI cloud and chase the inference market

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 launched a fully underwritten entitlement offer to raise A$827.3M (about $594M), according to its filing. […]

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Gigaton raises $26M to rip out the control software running heavy industry

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 throw that software out and let an AI run the kiln […]

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A North Dakota startup raised $10 million from ranchers and neighbours to build the operating system for beef cattle

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 capital firm or institutional investor participated. The company has also hit its first profitable month and is preparing to launch in […]

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SpaceX’s first employee just raised $500 million for the company that moves satellites once rockets put them in the wrong orbit

Impulse Space, the orbital transfer vehicle startup founded by Tom Mueller, has raised $500 million in a Series D round that values the company at $4.26 billion. The round was co-led by 137 Ventures and Banner VC, with participation from existing investors including Peter Thiel’s Founders Fund and Linse Capital. The company has now raised […]

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Vinted Ventures backs Tilt’s $26M live-commerce round as Whatnot pressure mounts

Tilt’s $26M raise, the first Vinted Ventures cheque into a live-commerce platform, looks like a defensive move against the Whatnot expansion threatening Vinted’s European resale base. Tilt, the London-based live-auction app founded by two early Revolut employees, has raised $26m in fresh funding with Vinted Ventures joining as a new investor alongside existing backers TQ […]

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Former Meta CTO raises $250 million for climate tech as the rest of venture capital chases AI

Gigascale Capital, the venture firm led by former Meta chief technology officer Mike Schroepfer, has raised a $250 million fund to invest in energy, grid infrastructure, and critical minerals startups. The fund, announced on Monday, is Gigascale’s second and its first to include institutional investors. It arrives as most of the venture capital industry has pivoted […]

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The space stock rally is cracking as investors prepare to swap proxies for SpaceX itself

A rally that carried space-related stocks to extraordinary gains this year is showing serious cracks. The Procure Space ETF, which trades under the ticker UFO, has dropped almost 11% in just two sessions. Intuitive Machines and Rocket Lab have each fallen roughly 17%. AST SpaceMobile, which had become a retail-trading favourite, has sunk nearly 23%. The […]

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Anthropic’s IPO filing means Salesforce’s early AI bet is about to become its most profitable investment

Salesforce has a stake in Anthropic worth approximately $5 billion after investing repeatedly in the Claude developer since early 2023, Bloomberg reported on Monday. The software company first participated in Anthropic’s fundraising with roughly $50 million and has continued investing in every subsequent round. With Anthropic’s confidential IPO filing also landing on Monday, Salesforce is positioned […]

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Quantinuum boosts its IPO to $1.46 billion as orders hit double-digit multiples of available shares

Quantinuum, the Honeywell-backed quantum computing company, has increased the size of its initial public offering to as much as $1.46 billion after demand from investors far exceeded the original allocation. The company is now offering 26.5 million shares at $53 to $55 each, up from a previous range of approximately 21 million shares at $45 to $50. […]

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