39 deals: Fractile leads UK chip race at $1B valuation, Tenex $250M cyber,
Enervenue $300M
ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย
๐ฐ 39 new AI-related deals profiled below by category.
Highlights:
๐ฌ๐ง Fractile in talks for $200M at $1B valuation to challenge Nvidia on AI inference, with Accel, NIF and OSE participating.
๐ช Nvidia investing $2B into rival chip designer Marvell Technology.
๐ Cybersecurity: Tenex $250M, Depthfirst $80M, Censys $70M, Linx Security $50M.
โก Energy for AI: Enervenue $300M, Thinklabs AI $28M, Emerald AI $25M.
๐ฌ๐ง 9fin hits โฌ1.1B valuation with โฌ148M for AI-powered debt intelligence platform.
๐ฅ Mental health: Jimini Health $17M + Headway acquires tezi to cut provider admin.
๐ค a16z backs Treeline $25M to modernise IT services with AI + agent orchestration Kestra $25M.
Curated byย Nick Gregg, adviser, investor, operator - connect or reply
to this email (I receive it!).
๐ฅ
8
Major ยท ๐ช
10
Mid ยท ๐
21
Smaller ยท
39 deals
Featured Deal
Fractile
๐ฌ๐ง
$200M
London-based
AI chip
startup
Fractile
is in
talks to
raise over
$200
million at
a $1
billion
valuation,
led by
Accel,
with
participation
from the
NATO
Innovation
Fund and
Oxford
Science
Enterprises.
Fractile
aims to
improve AI
inference
efficiency
using
static
random-access
memory
(SRAM) in
its
architecture,
addressing
the
growing
demand for
faster and
cheaper
solutions.
The
company is
also
investing
ยฃ100
million to
expand its
operations
in London
and
Bristol,
signaling
its
ambition
to become
a
full-stack
AI
infrastructure
player.
Investors:
Accel,
NATO
Innovation
Fund,
Oxford
Science
Enterprises
AI Chips
Marvell
Technology
Inc.
๐บ๐ธ
$2B
Nvidia Corp. has
invested $2
billion in Marvell
Technology Inc., a
semiconductor
designer based in
Santa Clara,
California. This
investment is part
of a new
partnership aimed
at enhancing
various segments
of the chip
market,
particularly
focusing on data
center...
Investors: Nvidia
Fractile
๐ฌ๐ง
$200M
London-based AI
chip startup
Fractile is in
talks to raise
over $200 million
at a $1 billion
valuation, led by
Accel, with
participation from
the NATO
Innovation Fund
and Oxford Science
Enterprises.
Fractile aims to
improve AI
inference
efficiency
using...
Investors: Accel,
NATO Innovation
Fund, Oxford
Science
Enterprises
AI Hosting
Infrastructure
Starcloud
๐
$170M
Starcloud, a
startup focused on
orbital data
centers for AI
inference, has
raised $170
million in Series
A funding at a
$1.1 billion
valuation. The
funding, led by
Benchmark and EQT
Ventures, aims to
develop
Starcloud's third
satellite to
make...
Investors:
Benchmark, EQT
Ventures
AI Model
Ecosystems
Options
Technology
๐
Undisclosed
Options
Technology:
Acquisition Of
Crossvale Expands
Private Cloud And
AI Modernization
Capabilities
AI Research
Nomadic
๐บ๐ธ
$8.4M
NomadicML Inc. has
raised $8.4
million in seed
funding to tackle
video data
management
challenges
specific to
autonomous robots
and vehicles. The
funding round was
led by TQ
Ventures, with
participation from
Pear VC and
notable investors
including Jeff
Dean...
Investors: TQ
Ventures, Pear VC,
Jeff Dean, OpenAI,
Google
Agent
Orchestration
Kestra
๐
$25M
Kestra has raised
$25 million in a
Series A round led
by RTP Global,
with additional
support from
Alven, Isai, and
Axeleo, bringing
its total funding
to $36 million.
The company offers
an open-source
orchestration
platform that
integrates data
pipelines,...
Investors: RTP
Global, Alven,
Isai, Axeleo
Customer Support
Acclaim
๐บ๐ธ
$34M
Acclaim, an
AI-powered
customer
experience
platform for
regulated
industries, has
announced its
entry into the
U.S. market,
supported by a $34
million Series A
funding round. The
company,
previously known
as Aiphoria, aims
to enhance
customer
interactions with
enterprise-grade,
voice-first...
Cybersecurity
Tenex
๐
$250M
tenex.ai inc.
raised $250
million in a
Series B funding
round led by
Crosspoint Capital
Partners, with
participation from
Shield Capital and
Deepwork Capital.
The funding aims
to enhance its
managed threat
detection and
response services,
addressing
cybersecurity
challenges.
This...
Investors:
Crosspoint Capital
Partners, Shield
Capital, Deepwork
Capital
Depthfirst
๐บ๐ธ
$80M
Depthfirst Inc.,
an artificial
intelligence-native
security platform
startup, has
raised $80 million
in funding to
enhance its
security models,
expand its AI
research team, and
promote enterprise
adoption. Founded
in 2024, the
company addresses
the challenges
posed by a
rapidly...
Censys
๐
$70M
Censys has raised
$70 million in
strategic funding,
comprising a $40
million Series D
equity round and
$30 million in
debt financing.
This funding aims
to accelerate the
expansion of its
internet
intelligence
platform and
enhance AI-driven
security
solutions.
Linx
Security
๐บ๐ธ
$50M
Linx Security, a
modern identity
security company,
has raised $50
million in a
Series B financing
round led by
Insight Partners,
with participation
from Cyberstarts
and Index
Ventures. This
funding increases
their total to $83
million, enabling
them to address...
Investors: Insight
Partners,
Cyberstarts, Index
Ventures
Test Of
Things
๐ซ๐ฎ
$1.296M
Finnish IoT
cybersecurity
company Test of
Things has raised
โฌ1.2 million in
pre-seed funding
to automate
cybersecurity
compliance testing
for connected
devices. The
investment, led by
Vendep Capital and
supported by
industry veterans,
aims to address
the expensive and
manual...
Investors: Vendep
Capital
Education
Pickmybrain
๐ช๐ช
$2.1M
Tallinn-based
PickMyBrain has
raised $2.1
million in a
pre-seed funding
round led by
business angels
and Raison.app.
The startup is
developing
AI-powered
'digital brains'
that allow
professionals to
share their
expertise without
continuous content
creation. This
platform addresses
the challenge...
Investors:
business angels,
Raison.app
Energy
Enervenue
๐บ๐ธ
$300M
Enervenue, a
California-based
startup, has
raised $300
million in its
Series B funding
round led by Full
Vision Capital.
This investment
will enhance
production of its
non-lithium
metal-hydrogen
storage systems
and support
research on new
cell technology.
Enervenue aims
to...
Investors: Full
Vision Capital
Thinklabs AI
๐บ๐ธ
$28M
thinklabs ai, an
AI-powered grid
intelligence
company, has
raised $28 million
in a Series A
funding round led
by Energy Impact
Partners, with
participation from
Nventures and
Edison
International.
This funding aims
to enhance their
platform that
addresses
challenges in...
Investors: Energy
Impact Partners,
Nventures, Edison
International
Emerald AI
๐บ๐ธ
$25M
Emerald AI has
secured a $25
million strategic
expansion round to
tackle energy
availability
issues in the
artificial
intelligence
sector. The
funding was led by
Energy Impact
Partners and
included various
investors such as
Amplo, Eaton, GE
Vernova, IQT,
Lowercarbon...
Investors: Energy
Impact Partners,
Amplo, Eaton, GE
Vernova, IQT,
Lowercarbon
Capital,
Nventures, Radical
Ventures,
Salesforce
Ventures, Samsung,
Siemens
Financial Services
& Wealth
Management
9fin
๐ฌ๐ง
$159.84M
London-based 9fin
has raised โฌ148
million ($170
million) in a
Series C funding
round, achieving a
valuation of โฌ1.1
billion. The
funding will
enhance its AI
capabilities and
expand its
proprietary
dataset to support
growth in the U.S.
The round...
Investors:
HarbourVest, CPP
Investments
Cross River
๐
$50M
Cross River's
parent company,
CRB Group, has
raised $50 million
in common equity
funding to enhance
its growth in
artificial
intelligence,
cryptocurrency,
and embedded
finance sectors.
This funding aims
to address the
increasing demand
for innovative
financial
solutions.
Qover
๐ง๐ช
$12M
Insurtech company
Qover has secured
a $12 million
growth capital
facility from CIBC
Innovation
Banking, bringing
its total funding
to over $100
million since its
inception in 2016.
The company aims
to simplify
insurance and make
it more
accessible,
currently...
Investors: CIBC
Innovation Banking
Credibur
๐ฉ๐ช
$2.2M
Credibur, a
Berlin-based
company, has
raised $2.2
million in
pre-seed funding
led by Redstone
and now supports
clients with โฌ2
billion in debt
facility volume.
Its platform
addresses the
challenges of
oversight in
structured debt
portfolios by
providing
automated
monitoring...
Investors:
Redstone
Kinective
๐
Undisclosed
Kinective has
acquired OrboGraph
to enhance its
AI-powered check
fraud prevention
capabilities,
addressing the
rising challenge
of check fraud for
financial
institutions. The
acquisition aims
to improve
protection for
over 4,000 banks
and credit unions
by integrating
OrboGraph's
technology,
which...
Gaming
Runway
๐บ๐ธ
$10M
Runway, an AI
video-generation
startup, has
launched a $10
million venture
fund to support
early-stage
companies in AI,
media, and world
simulation. The
fund aims to
create an
ecosystem around
'video
intelligence' and
offers free API
credits to
startups from...
General Enterprise
Workflows
Treeline
๐บ๐ธ
$25M
Treeline has
raised $25 million
in a Series A
funding round led
by Andreessen
Horowitz. The
company aims to
modernize IT
services through a
software- and
AI-driven
platform,
addressing the
need for advanced
IT operating
systems.
Investors:
Andreessen
Horowitz
Whirl AI
๐
$8.9M
Whirl AI, a San
Francisco-based
company, raised
$8.9 million in
seed funding led
by Iconiq and
angel investors.
The funding will
be used to expand
operations and
development
efforts,
addressing the
need for
foundational
intelligence that
supports
enterprise AI.
Investors: Iconiq
Openbox AI
๐บ๐ธ
$5M
Openbox AI
announced its
public launch with
a $5 million seed
funding round led
by Tykhe Ventures.
The company aims
to address the
challenges of
managing and
securing
enterprise AI
systems in
response to
increasing
regulatory
pressures in the
United...
Investors: Tykhe
Ventures
Health
Classpass
๐
$7.5B
Playlist, the
parent company of
ClassPass and
Mindbody, has
merged with EGYM
in a deal valued
at $7.5 billion.
This merger aims
to create a
comprehensive
fitness and
wellness platform
by integrating
EGYM's smart gym
equipment and
corporate wellness
solutions...
Jimini
Health
๐บ๐ธ
$17M
Jimini Health,
based in New York,
has raised $17
million in a seed
round led by
investors
including M13 and
Town Hall
Ventures. The
company aims to
integrate
clinician-supervised
generative AI into
behavioral health
systems,
addressing the
growing use of...
Investors: M13,
Town Hall Ventures
Petasight
๐บ๐ธ
Undisclosed
PetaSight:
Acquisition Of
Babbage Insight
Two To Expand
AI-Driven Life
Sciences Research
Platform
Medreview
๐
Undisclosed
Medreview has
acquired Vital
Data Technology to
enhance its
payment integrity
solutions for
health insurers.
This strategic
acquisition aims
to improve member
health and reduce
costs through
Vital Data's
AI-driven
analytics
platform,
affinitฤ. The
terms of the
transaction were
not...
Headway
๐บ๐ธ
Undisclosed
Headway, a company
focused on
improving mental
healthcare
accessibility, has
acquired the team
behind tezi, an
AI-native company.
This acquisition
aims to reduce
operational
burdens for
providers and help
patients navigate
the mental health
system more
easily. Headway is
the...
Investors: a16z,
Accel, Thrive
Capital
Legal &
Regulatory
Variance
๐บ๐ธ
$21.5M
Variance, an AI
platform focused
on risk, fraud,
and compliance
workflows, has
raised $21.5
million in a
Series A funding
round led by Ten
Eleven Ventures,
with participation
from 645 Ventures,
Y Combinator,
Urban Innovation
Fund, and Okta
Ventures. The...
Investors: Ten
Eleven Ventures,
645 Ventures, Y
Combinator, Urban
Innovation Fund,
Okta Ventures
Soxton AI
๐บ๐ธ
$2.5M
Soxton AI has
acquired Cipher to
enhance its
security
infrastructure for
autonomous AI
applications,
aiming to protect
sensitive startup
data. The
acquisition
integrates
Cipher's security
layer into
Soxton's legal
technology
platform, which
automates legal
workflows and has
saved an
estimated...
Investors: Moxxie
Ventures
New Venture
Capital Funds
Corazon
Capital
๐บ๐ธ
$100M
Corazon Capital, a
Chicago-based
venture capital
firm, has closed
its fourth fund at
$100 million. This
fund will focus on
pre-seed, seed,
and Series A
startups,
particularly those
that are AI-native
and designed
around enduring
human behaviors.
The investment
aims...
Other AI Category
Cara
๐
$8M
Cara, an AI
platform for
insurance
brokerages, has
secured $8 million
in seed funding to
enhance its
automation
capabilities and
expand operations.
The funding round
was led by Kearny
Jackson, with
notable
participation from
Claire Hughes
Johnson, Kevin
Mahaffey, Sam...
Investors: Kearny
Jackson, Claire
Hughes Johnson,
Kevin Mahaffey,
Sam Hodges, Colin
Evans
Rowan
๐
$3.3M
Rowan, a
Chicago-based
provider of an
AI-powered
platform for small
business
succession, raised
$3.3 million in
seed funding. The
round was led by
DRW, with
participation from
Motivate Ventures,
Mercury Fund, and
angel investor
Eddie Lou. The
funds will be...
Investors: DRW,
Motivate Ventures,
Mercury Fund,
Eddie Lou
Veralto
๐
Undisclosed
Veralto:
GlobalVision
Acquisition To
Expand AI Powered
Packaging
Compliance
Solutions
Teamworks
๐
Undisclosed
Teamworks Acquires
Pro Football Focus
Enterprise
Business To Expand
AI Platform For
Football
Sales and
Marketing
Brickwork
๐
Undisclosed
Sales Empowerment
Group has
rebranded to
Brickwork, an
AI-powered
go-to-market
partner for
mid-market
organizations. The
company integrates
strategy, sales,
marketing, and
revenue operations
into a single
operating system,
enhancing
execution and
predictability.
Key elements of
the rebrand
include a
unified...
Software
Development
Endform
๐ธ๐ช
$1.62M
Stockholm-based
Endform has raised
โฌ1.5 million in
funding to enhance
its platform for
high-speed
browser-based
end-to-end
testing. The
funding round was
led by Alliance
VC, Antler, First
Fellow, and
Greens, along with
support from
strategic angel
investors. Endform
addresses the...
Investors:
Alliance VC,
Antler, First
Fellow, Greens
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