Jeff Bezos appears to have settled on his AI thesis, and it is not chatbots. It is the physical world. CuspAI, a two-year-old Cambridge startup that uses AI to design new materials, is in talks to raise about $400mn at a $2.6bn valuation, the Financial…
Odyssey, an AI lab building real-time ‘world models’, has raised $310mn at a $1.45bn valuation. The more telling number is whose names are on the round. The Series B was led by Natural Capital, with Amazon, AMD Ventures, Google’s GV, EQT and the CIA-li…
The Melbourne healthtech’s oversubscribed Series A, led by Airtree, funds a move into the UK and a pitch to coordinate a patient’s health data over a lifetime rather than a single appointment. Most healthcare systems are built to wait. They are organis…
On Tuesday, while the robotics industry continued pouring billions into machines that walk like humans, a startup called Genesis AI unveiled one that deliberately does not. Eno is a wheeled robot with a foldable tower, dexterous hands, and a foundation…
For most of the past decade, the security industry quietly gave up on prevention. Breaches were treated as inevitable, and the money went into detecting and cleaning up the mess afterwards. A new startup from two veterans of that industry says AI has m…
The hottest pitch in AI right now is not another chatbot. It is software that can run the machines on a factory floor, and a two-year-old Israeli startup has just raised $20m on the strength of programming parts for Jeff Bezos’s rockets. Limitless Labs…
A Swedish startup wants to do to patent attorneys what Harvey and Legora are doing to corporate lawyers, except it is not trying to give them better tools. It wants to replace them. Lightbringer has raised $10m (€8.6m) in a Series A to take its self-st…
BAE Systems, the UK’s largest defence company, is putting €50m into venture capital, a bet that the startups it backs today could shape the weapons it sells tomorrow. The money will flow into VC funds focused on European defence-tech, with €25m of it g…
Most of the AI industry is trying to fix hallucinations by building bigger, smarter models. A startup called Probably is betting on the opposite. The company has raised $9m in a seed round co-led by Andreessen Horowitz and Accel, with Tokyo Black and V…
Hydra Host has raised $100m to build the plumbing of the AI boom, and one of its new backers is the company whose chips it is trying to turn into a commodity: Nvidia. The Series A was led by Kindred Ventures, with Nvidia joining alongside ARK Invest, C…