Moonshot AI’s $20bn valuation seals one of China’s fastest AI funding trajectories
Moonshot AI’s $20bn valuation seals one of China’s fastest AI funding trajectories

Meituan Dragon Ball is leading a $2bn round in the Beijing-based maker of the Kimi chatbot, with China Mobile and CITIC Private Equity Funds participating. The valuation is roughly seven times the figure Moonshot carried sixteen months ago. Moonshot AI…

Corgi reaches a $1.3bn valuation four months after its Series A, with TCV leading a $160m round
Corgi reaches a $1.3bn valuation four months after its Series A, with TCV leading a $160m round

The Y Combinator-backed AI-native insurance carrier closed its Series A in January at a $630m valuation. The Series B doubles that figure and funds expansion beyond startup insurance into trucking, where the company says quoting and risk modelling can …

OpsMill raises $14m Series A to make IT infrastructure data trustworthy enough for AI agents
OpsMill raises $14m Series A to make IT infrastructure data trustworthy enough for AI agents

IRIS led the Paris- and London-based startup’s round, with BGV joining alongside existing investors Serena and Partech. The company’s Infrahub platform is in production at TikTok and at one European cloud provider that says it has cut deployment times …

Pit launches in Stockholm with $16M to build custom AI-native software for enterprise operations
Pit launches in Stockholm with $16M to build custom AI-native software for enterprise operations

The Voi co-founder, Adam Jafer, is the chief executive. Lakestar joined a16z on the round, with strategic angels from OpenAI, Anthropic, Google, Deel, and Revolut. Early customers, including Voi, Tre, Stena Recycling, and Kry, are reporting deployment …

Ethos lands $22.75m Series A to fix what AI broke about hiring
Ethos lands $22.75m Series A to fix what AI broke about hiring

The London-based AI expert-matching platform, founded by ex-DeepMind and ex-McKinsey alumni, is being valued at the moment hiring is becoming the part of the labour market AI has most visibly degraded. Andreessen Horowitz now leads the round; General C…

LiveEO raises €28m to take its civil-infrastructure satellite stack into European defence
LiveEO raises €28m to take its civil-infrastructure satellite stack into European defence

The Berlin geospatial-AI company has closed the first slice of a new round, with defence VC Helantic alongside Nordic Ninja, MMC, and the EIC. Most of the money funds the same product. The strategic shift is who else gets to buy it. European defence-te…

Ametek to buy Indicor’s instrumentation businesses for $5bn, the largest CD&R partial exit of 2026
Ametek to buy Indicor’s instrumentation businesses for $5bn, the largest CD&R partial exit of 2026

Clayton, Dubilier & Rice banks one of the cleanest mid-market industrial partial exits of 2026, three and a half years after carving the portfolio out of Roper Technologies. Ametek pays a full multiple for picks-and-shovels exposure to the AI-infra…

Peter Sarlin’s Qutwo hits $380m valuation in an angel round
Peter Sarlin’s Qutwo hits $380m valuation in an angel round

After selling Silo AI to AMD for $665m, the Helsinki entrepreneur is doing it again. Qutwo’s angel round prices a quantum-classical orchestration layer with no quantum hardware shipping yet, and customers already paying tens of millions for it. There i…

Davis raises $5.5m pre-seed to compress real-estate development from months to days
Davis raises $5.5m pre-seed to compress real-estate development from months to days

The Paris-based AI-native real-estate company, founded by Entrepreneurs First alumni Mehdi Rais and Amine Chraibi, has Heartcore and Balderton co-leading the round, an unusual cap-table for a pre-seed. The technical pitch is more interesting than the h…

China’s Big Fund is now leading the DeepSeek round, and the price has more than doubled in two weeks
China’s Big Fund is now leading the DeepSeek round, and the price has more than doubled in two weeks

What started in mid-April as a $300m raise at a $10bn valuation, with Alibaba and Tencent talking, is now an FT-reported deal at $45bn led by the China Integrated Circuit Industry Investment Fund. The strategic logic has changed substantially. There is…