Startups and technology

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Legora is reportedly chasing a $10bn valuation, barely a season after its last raise

Legora, the Swedish legal-AI company that has become one of Europe’s fastest-rising startups, is reportedly seeking to raise fresh funds at a valuation of more than $10bn. If it lands, the deal would roughly double the figure investors put on the business only months ago, a pace that says as much about the frenzy around […]

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Beyond algorithms: Booker Loud on building social platforms people trust

Trust in social media is slowly eroding, even as global engagement continues to rise. Platforms have become deeply embedded in everyday life, yet the quality of interaction they facilitate is under increasing scrutiny. For Booker Loud, founder and CEO of Pin-Social, this contradiction reflects a fundamental design challenge that has shaped the industry for more […]

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Megadeals took 87.5% of US venture dollars, and the rest of the market is priced by vintage

PitchBook published its Q2 US VC Valuations report on 10 August. Megadeals took 87.5% of the dollars deployed in the first half of 2026. PitchBook defines those as rounds of $100m or more. AI is the primary driver of that concentration, though the figure describes deal size rather than sector. The AI premium is real […]

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Megadeals took 87.5% of US venture dollars, and the rest of the market is priced by vintage Read More »

China would not let Meta keep Manus. Users have until 24 August to save their work

Manus is leaving Meta. The Chinese agent startup told users this week that it will “soon return to operating as an independent company”. That is not a change of heart. Beijing refused to let the acquisition stand, and Meta chose not to fight it. The unwinding has a cost, and customers are paying part of […]

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The man who built Qwen has a new lab, and the Shanghai government is an investor

The researcher who led Alibaba’s Qwen models has started his own company. Junyang Lin announced Pragmatik Labs on X on Tuesday evening, five months after walking out of Alibaba. The lab is based in Shanghai and works on what Lin calls next-generation agents across digital and physical worlds. Gaorong Ventures and HSG, the firm formerly […]

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‘It’s still day zero’: Lovable is worth $13.3bn, and the EU just became a shareholder

Lovable is worth $13.3bn and its revenue is tripling. The interesting name on the cheque is the European Union. Lovable has raised $400m at a $13.3bn valuation. The Stockholm company lets people build software by describing it in ordinary language, and it is now one of Europe’s most valuable startups. Eight months ago it raised […]

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HSBC Asset Management invests in Model ML’s ‘agentic operating system’ for banks

HSBC Asset Management has taken a stake in Model ML, a London startup building what it calls an agentic operating system for financial services, and the deal says as much about where the industry now thinks the value in enterprise AI is settling as it does about any single company. The investment was made through […]

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Vingroup’s VinSpace signs SpaceX to launch Vietnam’s first home-built satellites

VinSpace, a Vietnamese space startup that did not exist a year ago, has signed a contract with SpaceX to send its first home-built satellites into orbit in 2027. The company, a subsidiary of the sprawling Vingroup conglomerate, will hitch a ride on one of SpaceX’s Transporter rideshare missions, the orbital equivalent of a shared taxi […]

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Exclusive: Vienna’s fonio.ai hits $10m ARR less than a year after switching on subscriptions

Vienna startup most of the tech world has not heard of just posted numbers that would turn heads anywhere. fonio.ai, a European platform for AI-powered customer calls, says it has surpassed $10m in annual recurring revenue in under twelve months. Since February, when the company switched from a prepaid model to subscriptions, it says it […]

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WindBorne’s AI beats the government’s weather forecasts. Making money from them is the harder problem

WindBorne Systems has raised $37 million to sell something it has already proven it can build: weather forecasts that beat the government’s. The Series B, reported by TechCrunch, was co-led by Khosla Ventures and Galvanize and values the company at $250 million. It takes WindBorne’s total funding past $62 million. The forecasting is the easy […]

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