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Hadrian’s reported $7.5bn round and the physical-AI rush

Bloomberg says defense-factory startup Hadrian is in talks to raise as much as $1bn at a $7.5bn valuation. Hadrian calls that “inaccurate”. Either way, the rumour shows how hot physical AI and US reindustrialisation have become. Here is a number, and a denial, in the same breath. Hadrian Automation has discussed a new funding round […]

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Main Capital raised the Netherlands’ biggest-ever fund on boring software

While public markets panic that AI will gut enterprise software, a quiet Dutch firm just raised €5.25bn on the opposite bet. Main Capital’s pitch: boring, essential software is exactly where the next decade of value sits. Charly Zwemstra has spent 23 years buying software that almost nobody finds exciting. Think hospital appointment systems, municipal tax […]

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Menlo Ventures raises $3bn on the back of one Anthropic bet

Menlo Ventures has raised $3bn, the biggest haul in its 50-year history. It is funded, in effect, by a single bet on Anthropic that is now worth about $14bn. Most venture funds are sold on a promise. Menlo Ventures’ new $3bn is sold on a receipt. The firm announced the raise on Tuesday, its largest […]

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Walmart buys Vibe.co for $1.4bn to chase Amazon in ads

Walmart is paying a reported $1.4bn for a connected-TV ad startup worth $410m nine months ago. The price tells you how far retailers will now go to catch Amazon in advertising. Walmart has agreed to buy Vibe.co, a connected-TV advertising platform. Two reports peg the deal at $1.4bn. It would be the retailer’s biggest acquisition […]

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Zhipu weighs multibillion-dollar raise after 2,000% surge

A 2,000% rally has handed Beijing’s Zhipu a rare fundraising window, and Anthropic’s vanished Fable 5 widened it. The harder question is whether a deeply unprofitable lab can turn the moment into a durable business. Six months ago, Zhipu was a Chinese artificial-intelligence lab fresh off a $558M Hong Kong listing. Its shares priced at […]

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Nvidia built the AI engine. Alphabet is building the car, the road, and the toll booth. The market is pricing accordingly.

On Thursday, Alphabet’s share price rose nearly 10 per cent after the company reported first-quarter revenue of $109.9 billion, a 22 per cent increase year over year that beat analyst estimates by almost $3 billion. Google Cloud crossed $20 billion in quarterly revenue for the first time, growing 63 per cent. The cloud backlog nearly […]

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Nvidia built the AI engine. Alphabet is building the car, the road, and the toll booth. The market is pricing accordingly. Read More »

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