Startups

Mach Industries Raises $300 Million Series C At $1.8 Billion Valuation As Defense Tech Growth Accelerates

By Amit Chowdhry ● Jun 2, 2026

Mach Industries, a defense manufacturing company focused on advanced unmanned systems, announced it has raised $300 million in Series C funding at a $1.8 billion valuation. The round was led by Infinite Capital and Ribbit Capital, with participation from existing investors Bedrock Capital, Sequoia Capital, and Khosla Ventures.

DriveNets Raises $410 Million Series D To Scale Ethernet Fabric For Large-Scale AI Infrastructure

By Amit Chowdhry ● Jun 2, 2026

DriveNets announced it has secured $410 million in Series D funding, bringing its total capital raised to $1 billion. The company said the new capital will be used to expand inventory and accelerate deployment of its Ethernet-based AI fabric solutions as demand for large-scale AI infrastructure continues to grow. The funding round was led by Bessemer Venture Partners and Atreides Management, with new participation from AMD and Red Dot Capital alongside existing investors Pitango and D1 Capital Partners.

Poindexter Labs Raises £2 Million Seed Round To Fix AI Training Data Supply Chain

By Amit Chowdhry ● Jun 2, 2026

Poindexter Labs, an AI data company focused on improving the quality of training data used by frontier artificial intelligence models, announced it has raised £2 million in an oversubscribed seed round. The funding was led by Episode 1 and First Cheque, with participation from partners at Venture Friends and other angel investors.

Gradient Labs Raises $26 Million To Build Specialist AI Agents For Financial Services

By Amit Chowdhry ● Jun 1, 2026

Gradient Labs announced that it has increased its Series A funding round to $26 million, with the round led by new investors Octopus Ventures and CommerzVentures. Existing investors Redpoint Ventures and Exceptional Capital also participated in the financing.

Tripo AI Raises Nearly $200 Million To Advance AI 3D And World Model Development

By Amit Chowdhry ● Jun 1, 2026

Tripo AI announced the completion of its Series A+ and Series A++ financing rounds, raising nearly $200 million to accelerate the development of its AI 3D foundation models and world model technologies. The company said the funding will support expansion of its research teams, investment in core algorithms, enhancement of data and infrastructure systems, and growth of its global product ecosystem.

MSWA And Founders Factory Launch World’s First Neurological Care Accelerator And Select Five Startups

By Amit Chowdhry ● Jun 1, 2026

MSWA and Founders Factory have announced the first cohort of startups selected for the MS & Neurological Care Accelerator, a world-first program dedicated to advancing technologies that improve outcomes for people living with multiple sclerosis and other neurological conditions.

Invisix Raises €20 Million Seed Round To Advance Soft X-Ray Metrology For AI-Era Chip Manufacturing

By Amit Chowdhry ● Jun 1, 2026

Invisix, a semiconductor metrology company developing next-generation measurement tools for advanced chip manufacturing, announced an oversubscribed €20 million seed funding round. The investment included participation from Hitachi Ventures, Transition Ventures, imec.xpand, Doosan Investment Co., and a tier-one semiconductor manufacturer.

Crimson Raises $2.5 Million Seed Round To Expand AI-Powered Case Intelligence Platform For Litigation Teams

By Amit Chowdhry ● Jun 1, 2026

Crimson, an AI-native case intelligence platform built specifically for litigation and arbitration teams, has raised an oversubscribed $2.5 million seed round and opened a new office in New York as it accelerates its expansion across the U.S. legal market.

LightTable Raises $22 Million Series A To Accelerate AI-Powered Pre-Construction Workflows

By Amit Chowdhry ● Jun 1, 2026

LightTable, an AI-native platform focused on pre-construction intelligence, announced that it has raised $22 million in Series A funding. The round was led by Innovation Endeavors, with participation from Blackhorn Ventures, DivcoWest Ventures, and 9Yards Capital, alongside existing investors Primary Venture Partners, MetaProp, and Banter Capital.

Reprogram Biosciences Raises Seed Financing For Tumor Cell Reprogramming Therapies

By Amit Chowdhry ● Jun 1, 2026

Reprogram Biosciences, a preclinical oncology biotechnology company developing mRNA-based therapeutics for solid tumors, announced the close of its seed financing round, bringing the company’s total capital raised since its 2025 founding to $6 million. The financing round included participation from investors such as Unshackled Ventures, 1517 Fund, and Narya.

Kopa.ai Raises €2 Million In Pre-Seed Funding To Advance AI-Powered E-Commerce Marketing And Operations

By Amit Chowdhry ● Jun 1, 2026

Kopa.ai has announced the successful completion of a €2 million pre-seed funding round, providing the company with additional resources to accelerate the development of its AI-driven platform for e-commerce marketing and operations. The funding marks a significant early milestone for the startup as it looks to help online businesses leverage artificial intelligence to improve efficiency, automate workflows, and drive growth.

Invertix Raises €1.7 Million To Build AI Operating Layer For Energy Companies

By Amit Chowdhry ● Jun 1, 2026

Invertix has announced a €1.7 million pre-seed funding round as it seeks to transform how energy companies operate in the AI era. The company is building agentic infrastructure that enables energy firms to deploy AI agents throughout their organizations with the goal of dramatically improving operational efficiency and accelerating decision making.

Trajectory Raises $15 Million To Build A Platform For Continual Learning

By Amit Chowdhry ● May 31, 2026

Trajectory, a research lab and product company focused on continual learning, announced that it has raised $15 million in funding to develop a platform that enables companies to continuously train large-scale agentic models using signals generated from product usage.

allO Raises $14 Million Series A To Build AI-Native Operating System For Restaurants

By Amit Chowdhry ● May 31, 2026

allO announced a $14 million Series A funding round led by Zigg Capital, with participation from LifeX Ventures, Aperture Capital, Wecken & Cie. - Care4 AG, and angel investors Fabian Siegel, Mark Ransford, and Ludwig A. Fuchs. Existing investors 20VC and Keen Venture Partners also participated in the round.

Volt Harbor Raises $2 Million Seed Funding To Scale Software-Defined Energy Storage For Data Centers And The Grid

By Amit Chowdhry ● May 31, 2026

Volt Harbor announced the closing of a $2 million seed financing round led by MFV Partners as the company emerges from stealth mode and accelerates commercialization of its patented MAC-BESS technology. The Ann Arbor-based company plans to use the funding to move from pilot projects to broader commercial deployments targeting both data center power infrastructure and grid-scale energy storage applications.

Utilidata Raises $40 Million Extension To Complete $100 Million Series C

By Amit Chowdhry ● May 31, 2026

Utilidata, a leader in embedded AI for power infrastructure, announced that it has secured an additional $40 million in Series C funding, completing a $100 million Series C round. The extension was led by existing investor Renown Capital Partners with participation from Keyframe Capital. The financing follows Utilidata’s initial $60.3 million Series C round announced in April 2025, which also included participation from Keyframe Capital, Quanta Services, and NVIDIA.

Canals Secures $35 Million To Eliminate Friction From The Industrial Supply Chain

By Amit Chowdhry ● May 31, 2026

Canals, a company focused on applying artificial intelligence to wholesale distribution, announced it has raised $35 million in funding led by Base10 Partners. The investment will support the company’s efforts to streamline interactions between distributors, customers, and suppliers while accelerating product development for the wholesale distribution market.

Cognition Raises Over $1 Billion At A $26 Billion Valuation As Devin Adoption Accelerates Across Enterprises

By Amit Chowdhry ● May 31, 2026

Cognition announced that it has raised more than $1 billion at a $26 billion valuation in a funding round led by Lux Capital, General Catalyst, and 8VC. Existing investors participating in the round include Founders Fund, Elad Gil, Alpha Wave, Definition Capital, Positive Sum, Avenir, Vitruvian, Bain Capital Ventures, Conversion Capital, 137 Ventures, Soma Capital, and Omri Casspi. New investors include Ribbit Capital, Atreides, and Layer Global.

Geordie AI: $30 Million Series A Raised To Help Enterprises Govern Autonomous AI Agents

By Amit Chowdhry ● May 31, 2026

Geordie AI announced it has raised $30 million in Series A funding led by Balderton Capital, with participation from existing investors General Catalyst and Ten Eleven Ventures, as well as new investor Crosspoint Capital.

RedCloud: $30 Million Saudi Joint Venture Launches Operations To Deploy AI Infrastructure Across FMCG Market

By Amit Chowdhry ● May 30, 2026

RedCloud Holdings announced the operational launch of its previously announced $30 million joint venture with Kayanat in Saudi Arabia, establishing RedCloud Arabia as the company’s operational foothold in the Kingdom. The initiative is designed to deploy RedAI infrastructure and related products across Saudi Arabia’s estimated $68 billion fast-moving consumer goods (FMCG) market while supporting the country's broader digital transformation objectives under Vision 2030.

NordSpace Consortium: $8 Million Investment To Advance Canada’s Sovereign Space Launch Capabilities

By Amit Chowdhry ● May 30, 2026

Next Generation Manufacturing Canada (NGen) announced that it is supporting an industry consortium project valued at more than $8 million to develop Canada’s first AI-powered hybrid additive-subtractive manufacturing line for advanced space propulsion systems. The initiative includes $3.2 million in funding from NGen through its Advanced Manufacturing Technology Program and is led by Canadian space launch company NordSpace alongside Miltera, Pegmatis, and Prime Powders.

MokN Raises $15 Million In Series A Funding To Scale Active Identity Recovery Platform

By Amit Chowdhry ● May 29, 2026

MokN, a cybersecurity company focused on protecting organizations against credential theft, announced it has raised $15 million in Series A funding. The round was led by GV, with participation from Datadog, Moonfire, OVNI Capital, and angel investors.

Fonoa Raises $110 Million In Series C Funding And Buys PwC’s Tax Platform

By Amit Chowdhry ● May 29, 2026

Fonoa, an AI-powered tax operating system for global businesses, announced two major moves aimed at strengthening its position in indirect tax compliance: the acquisition of Indirect Tax Edge (Edge) from PwC and the closing of a $110 million Series C financing round.

H1: $40 Million Investment Led By CVS Health Ventures To Expand AI-Powered Healthcare Platform

By Amit Chowdhry ● May 29, 2026

H1 announced it has received a $40 million investment in a funding round led by CVS Health Ventures, the venture capital arm of CVS Health focused on advancing healthcare innovation and digital transformation. The investment follows several successful collaborations between the two organizations, including the development of an AI model that significantly improved healthcare provider directory accuracy, helping patients connect with providers more efficiently.

Replit: Visa Investment And Enterprise Expansion Drive Growth In AI-Powered Software Creation

By Amit Chowdhry ● May 29, 2026

Replit announced a major expansion of its enterprise business through a new partnership and investment from Visa, alongside the launch of self-serve enterprise access and a new Solutions Partner Program designed to accelerate adoption of AI-powered software creation across large organizations.

Orbital Industries: $50 Million Series B Raised To Scale AI Engine For The Physical Economy And Data Centre Hardware

By Amit Chowdhry ● May 29, 2026

Orbital Industries, an AI-powered industrial technology company focused on building physical infrastructure for the AI era, announced it has raised $50 million in Series B funding. The round was led by Plural, with participation from existing and previous investors NVentures (NVIDIA), Radical Ventures, Compound, and Fly Ventures.

Pacifico Biolabs: €7 Million Series A Raised To Scale Mycelium Protein Production

By Amit Chowdhry ● May 29, 2026

Pacifico Biolabs announced that it has raised €7 million in Series A funding to accelerate the scale-up of its mycelium protein production platform and support the company’s commercial launch strategy. The financing marks a significant milestone for the Berlin-based food technology startup as it seeks to expand manufacturing capacity and strengthen its position within the rapidly growing alternative protein market.

Airis Labs: $31 Million Series A Closed As Defense AI Company Emerges From Stealth

By Amit Chowdhry ● May 29, 2026

Airis Labs announced its emergence from stealth with $60 million in total funding, including a $31 million Series B round led by PSG Equity. Existing investors TLV Partners, Stepstone Group, Redseed Ventures, and angel investors Eyal Waldman, Jeff Horing, Yasmin Lukatz, and David Chinn also participated in the financing.

Blulabs: $7 Million Investment Raised To Expand Global Supply Chain Platform

By Amit Chowdhry ● May 29, 2026

Blulabs, a Miami-based global supply chain, sourcing, manufacturing, and logistics partner, announced that Lodestone Capital has led a $7 million investment in the company. The financing values Blulabs at $160 million pre-money and is intended to support continued expansion across its global supply chain platform, technology infrastructure, manufacturing network, logistics capabilities, and customer service operations.

XCENA Raises $135 Million Series B To Advance Memory-Centric Computing Solutions For AI Infrastructure

By Amit Chowdhry ● May 29, 2026

XCENA, a company providing memory-centric computing solutions for AI infrastructure, announced it has raised $135 million (KRW 202 billion) in a Series B financing round. The funding will support the company’s global expansion, customer deployment efforts, and development of its next-generation computational memory technologies. Following the round, XCENA has raised a total of $185 million and reached a valuation of $570 million.