A quieter start to the week - 23 AI deals summarised below by category
In trends, Bank of America strategists warned on Friday of a "cannibalisation paradox". The belief that already high margins and EPS projections (17% CAGR forecasts on sell-side) can continue through AI adoption is coming under heavy scrutiny:
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Revenue Cannibalisation: In sectors like SaaS, AI often replaces existing high-margin products with cheaper, automated alternatives.
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Infrastructure "Over-Spending": Companies are currently engaged in a massive "AI arms race," spending billions on infrastructure (data centers, chips, and talent).
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The Margin Ceiling: Corporate margins are at record highs. Historically, companies only achieve double-digit growth when margins are depressed.
Investors are showing “the largest rethink” in AI-vulnerable sectors such as software, insurance, and wealth management, and a flight to safer sectors with reliance on physical assets (eg, mining, utilities, and chemicals). "SaaSpocalypse" saw $2T wiped off SaaS software valuations in 2 weeks.
‘Doubts around the AI revolution are emerging' - BofA (Fortune)
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💪 Mid-Fundings - 5
🚀 Smaller Fundings - 15
AI Chips
Efficient Computer
🇺🇸 ($60M) - Efficient Computer has raised $60
million in a Series A funding round to enhance
the development of its ultra-efficient
general-purpose processors aimed at artificial
intelligence and advanced computing workloads.
The round was led by Triatomic Capital, with
participation from several...
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Triatomic Capital
AI Hosting Infrastructure
Portkey
🇺🇸 ($15M) - Portkey, a San Francisco-based
provider of a unified control plane for
production AI, raised $15 million in Series A
funding. The round was led by Elevation
Capital, with participation from Lightspeed.
The company plans to use the funds to
expand...
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Elevation Capital, Lightspeed
Mirai
🇺🇸 ($10M) - Mirai has raised $10 million in
seed funding to develop an on-device AI
capability layer aimed at making local
inference more accessible and efficient for
developers. The funding round was led by
Uncork Capital.
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Uncork Capital
Accounting
Onshore
🇺🇸 ($31M) - Onshore, an AI-powered tax
platform formerly known as SPRX, has raised
$31 million in Series B funding to expand its
services in U.S. tax and accounting. The
funding round was led by FPV Ventures, with
participation from Vertex Ventures, ADP...
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FPV Ventures, Vertex Ventures, ADP
Ventures, Y Combinator, Restive
Ventures
Inscope
🇺🇸 ($14.5M) - inscope, a San Francisco-based
provider of an AI-powered financial reporting
platform for accounting firms and enterprises,
raised $14.5 million in Series A funding. The
round was led by Norwest, with participation
from Storm Ventures, Better Tomorrow Ventures,
and Lightspeed Venture...
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Norwest, Storm Ventures, Better Tomorrow
Ventures, Lightspeed Venture Partners
Autonomous Vehicles
Shearwater Aerospace 🇨🇦 ($3M) - Shearwater Aerospace, a Montreal, Canada-based company specializing in AI-powered autonomy systems for unmanned aircraft, raised $3 million in seed funding. The funds will be used to enhance its autonomous capabilities, support early customer deployment, and scale its engineering and customer-facing... Read more Find careers
Unicity Labs
🌍 ($3M) - Unicity Labs has raised $3 million
in seed funding to enhance its peer-to-peer
cryptographic architecture for autonomous AI
agents and marketplaces. The funding round was
led by Blockchange Ventures, with
participation from Tawasal and Outlier
Ventures. The capital will be...
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Blockchange Ventures, Tawasal, Outlier
Ventures
Cybersecurity
Finovifi 🇺🇸 (Undisclosed) - Finovifi Acquires Turner Software Technologies And Launches Real-Time Teller Fraud Platform. Read more
Energy
Energy Vault 🇦🇺 ($135.5M) - Energy Vault, a sustainable energy storage and AI power infrastructure company, has secured $135.5 million in financing. This funding aims to support its expansion into AI infrastructure and long-duration energy storage projects, with the company also reporting its first positive... Read more Find careers
Dg Matrix
🇺🇸 ($60M) - dg matrix has secured $60 million
in a Series A funding round, increasing its
total capital to over $100 million. The
funding aims to enhance next-generation power
infrastructure for AI data centers and
electrification. The round was led by
Engine...
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Engine Ventures, Helios Climate Ventures,
Mitsubishi Heavy Industries, ABB
Nucube Energy
🇺🇸 ($13M) - Nucube Energy has secured $13
million in funding to address the rising
electricity demand in sectors such as
artificial intelligence and advanced
manufacturing. The financing round was led by
Arizona Nuclear Ventures, with additional
investments from Emission Reduction
Corporation and...
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Arizona Nuclear Ventures, Emission
Reduction Corporation, Rob Walton, Jordan
Rose Walton
Financial Services & Wealth Management
Newity
🇺🇸 ($11M) - Newity, a financial technology
company based in Chicago, Illinois, has
secured a $11 million strategic investment
from CMT Digital. The funding will be used to
enhance its AI-driven infrastructure and link
small business credit with blockchain-enabled
capital markets. The company...
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CMT Digital
Health
Patientdesk AI
🇺🇸 ($1M) - Patientdesk AI, a San
Francisco-based company, raised $1 million in
pre-seed funding led by Y Combinator and E2VC.
The funding will be used to enhance insurance
verification capabilities, improve
integrations with dental practice management
systems, and scale deployments across
larger...
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Y Combinator, E2VC
Legal & Regulatory
Hybridity AI 🇸🇪 ($22M) - Stockholm-based AI regtech company Hybridity AI has raised SEK 22 million to accelerate the commercialization of its AI-native compliance platform, Hy5. Founded in 2023, the company aims to automate resource-intensive regulatory compliance tasks, including interpreting complex regulations and ensuring ongoing... Read more
Qumis
🇺🇸 ($4.3M) - Qumis, an attorney-trained AI
platform specializing in commercial insurance
coverage intelligence, has secured $4.3
million in an oversubscribed seed round,
raising its total funding to $6.75 million.
The funding round was led by MTech Capital,
with participation from American Family...
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MTech Capital, American Family
Ventures
Cube 🇬🇧 (Undisclosed) - CUBE Acquires RegTech Firm 4CRisk To Advance AI-Driven Compliance And Risk Automation. Read more Find careers
Other AI Category
Zainar
🇺🇸 ($100M) - Zainar, a Belmont, CA-based
company, raised $100 million in funding at a
$1 billion valuation. The company provides a
platform that transforms wireless networks
into sensing systems. Key investors include
Steve Jurvetson, Jerry Yang, Tom Gruber, and
Jaan Tallinn.
Read more
Steve Jurvetson, Jerry Yang, Tom Gruber,
Jaan Tallinn
Freeform 🇺🇸 ($67M) - Freeform has secured $67 million in a Series B funding round to enhance its advanced metal additive manufacturing capabilities, addressing production capacity constraints. The company is shifting its focus from technology validation to scaling production, driven by increasing demand for... Read more Find careers
Comeryx
🇺🇸 ($7.5M) - Comeryx, a Denver, Colorado-based
AI-native digital managing general agent,
raised $7.5 million in seed funding. The round
was led by Altai Ventures, with participation
from American Family Ventures, Intact
Ventures, Boulder Ventures, Arch Capital Group
Ltd, and Echelon. The funds...
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Altai Ventures, American Family Ventures,
Intact Ventures, Boulder Ventures, Arch
Capital Group Ltd, Echelon
Real Estate
Lystio
🌍 ($0.54M) - Vienna-based startup Lystio has
secured €500,000 in funding to enhance its
AI-driven real estate portal, focusing on
improving its search algorithm and expanding
features. The funding round includes Austrian
investors and international business angels
from Silicon Valley. Lystio aims to...
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Austrian investors, international business
angels from Silicon Valley
Robotics
Kilter
🌍 ($7.02M) - Kilter, a Norwegian agtech
startup, has raised €6.5 million in funding,
led by Kubota Corporation and supported by
various investors including SBG Invest and
Nufarm. The investment aims to enhance
Kilter's autonomous precision weeding
solutions, addressing labor shortages and
reducing...
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Kubota Corporation, SBG Invest,
Nufarm
Sales and Marketing
Turgo.ai 🇺🇸 ($1M) - Turgo.ai, a NYC-based provider of an AI-powered marketing execution platform, raised $1 million in pre-seed funding. The company aims to use the funds to expand operations and enhance development efforts, automating up to 80% of end-to-end marketing tasks. Read more
Venture Capital Companies
Dbs
🇸🇬 ($110M) - DBS Bank and Granite Asia have
launched a $110 million AI-focused IPO fund
aimed at supporting startups in Southeast
Asia, which face limited funding options
compared to Western economies. The
partnership, lasting three years, seeks to
invest early in promising...
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Find careers
Granite Asia
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