Funding
With $720M round, Britain’s Fractile gets a leg up in the race for AI chips (opens techcrunch.com)
The Series C, led by Thrive Capital, Founders Fund, Lightspeed and Redpoint, values the London memory-first inference chip maker at $7B.
Funding
Edelbyte reels in $70M for its multipurpose data analytics platform (opens siliconangle.com)
Edelbyte launched with $70M raised over two rounds for a data analytics platform built for AI agents; Sequoia announced its partnership the same day.
Funding
Sources: self-driving simulation software maker Applied Intuition is in talks to raise at least $1.5B led by General Catalyst at a ~$30B pre-money valuation (opens bloomberg.com)
Sources: self-driving simulation software maker Applied Intuition is in talks to raise at least $1.5B led by General Catalyst at a ~$30B pre-money valuation — Applied Intuition Inc., a defense contractor developing technology for autonomous vehicles, is in talks to raise at least $1.5 billion …
Funding
Seattle VC firm Ascend closes $17M fund to back ‘Third Act’ startups in physical AI and hardware (opens geekwire.com)
Ascend, a venture firm that writes early checks into startups such as Overland AI and Endurance Energy, closed a $17 million third fund and landed its first institutional investor, FirstLook Partners.
Funding
StitchStudio raises $8M for AI agents that do insurers’ paperwork (opens thenextweb.com)
StitchStudio has raised $8M led by Voyager Capital to expand its AI agents for insurance carriers and brokers. The agents handle tasks such as quote comparison and billing checks inside existing systems, and every action can be audited.
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