Venture Capital

Blitzy: $200 Million At $1.4 Billion Valuation Raised To Advance Autonomous Software Development

By Amit Chowdhry ● May 5, 2026

Blitzy, the autonomous enterprise software development platform, has closed a $200 million funding round at a $1.4 billion valuation, marking one of the largest raises to date in the agentic coding category. The round was led by Northzone, with new investors including PSG, Battery Ventures, Jump Capital, Morgan Creek Digital, and Defiant, alongside continued support from Flybridge, Link Ventures, NFX, Picus Capital, and Venture Guides. Strategic investments came from Liberty Mutual Strategic Ventures, Erie Strategic Ventures, and BAL Ventures.

RadixArk Launches With $100 Million In Seed Funding To Democratize Frontier AI Infrastructure

By Amit Chowdhry ● May 5, 2026

RadixArk, an AI infrastructure company founded by the creators of the open-source inference engine SGLang, has launched with $100 million in seed funding at a $400 million post-money valuation. The round was led by Accel and co-led by Spark Capital, with participation from NVentures, Salience Capital, A&E Investments, HOF Capital, Walden Catalyst Ventures, AMD, LDV Partners, WTT Investment, and MediaTek. A broad group of angel investors joined the round, including the CEOs of Intel and Broadcom, the co-founder of xAI, and the co-founder of OpenAI.

Astrada Raises $3.8 Million To Build The Data Layer For Autonomous Finance

By Amit Chowdhry ● May 5, 2026

Astrada, a startup building real-time financial data infrastructure, has closed a $3.8 million seed funding round to accelerate its platform for AI-driven enterprise finance. The round was led by Bain Capital Ventures, QED Investors, and Nyca Partners, with strategic investments from Mastercard and follow-on participation from existing investor Visa. The San Francisco-based company launched in 2024 and has since processed more than $750 million in card spend and over three million transactions across all three major card networks through a single API.

QuantWare Raises $178 Million To Build World’s Most Powerful Quantum Processors At Industrial Scale

By Amit Chowdhry ● May 5, 2026

QuantWare, the industrial quantum processor company, has closed a $178 million Series B equity funding round to accelerate its VIO™ processor architecture and to fund the construction of KiloFab, the world's largest dedicated quantum open-architecture fabrication facility. The round marks the largest private funding round ever raised by a dedicated quantum processor company. New investors include Intel Capital, In-Q-Tel, and ETF Partners, joined by existing backers FORWARD.one, Invest-NL Deep Tech Fund, InnovationQuarter Capital, Ground State Ventures, and Graduate Ventures.

Nace.AI Secures $21.5 Million To Build Metamodel That Autonomously Runs Enterprise Workflows

By Amit Chowdhry ● May 5, 2026

Nace.AI has raised $21.5 million in seed funding to commercialize a platform where more than 100 specialized AI agents autonomously execute complex enterprise workflows, with human experts providing final validation. The round was led by Walden Catalyst with participation from General Catalyst and a group of institutional and angel investors. Alongside the announcement, the company is launching its product in research preview.

Moritz Raises $9 Million To Build An AI-Powered Law Firm For Complex Legal Matters

By Amit Chowdhry ● May 5, 2026

Moritz, formerly known as Arcline, has raised $9 million from Y Combinator, 20VC, Urban Innovation Fund, Inception Fund, and more than 20 unicorn founders to build what the company describes as the law firm users have always wanted — one capable of resolving complex legal matters in hours without unsustainable costs. The company's cap table includes the founders of Dropbox, Reddit, Instacart, Hugging Face, Superhuman, WorkOS, Runway, Mixpanel, Rappi, Scribd, Supermetrics, Privy, Optimizely, Product Hunt, and Google Photos, alongside current and former Y Combinator partners, Lenny Rachitsky, and operators from ElevenLabs, Lovable, and OpenAI.

Reduciner Raises €3.6 Million To Turn Captured Industrial Carbon Into Sustainable Fuels

By Amit Chowdhry ● May 5, 2026

Reduciner, a Finnish deep tech startup spun out of VTT Technical Research Centre of Finland, has raised €3.6 million in seed funding to commercialize a novel high-temperature technology that converts captured carbon dioxide into usable fuel and valuable industrial raw materials. The round includes equity investment from Voima Ventures, Lifeline Ventures, and Mikko Kodisoja Foundation, with VTT contributing the underlying technology and IP as an in-kind investment. Proceeds will fund the construction of a 1MW industrial-scale pilot facility in Finland.

MOTHER.Tech Raises $15 Million And Launches Degen, A One-Tap AI Creative App

By Amit Chowdhry ● May 5, 2026

MOTHER.Tech, an AI-native creative studio based in Brooklyn, has launched Degen, a mobile app that allows users to generate images, videos, memes, carousels, and text content in a single tap without prompt engineering, model management, or editing skills. The app is available on iOS and Android via invite code and is backed by Google Ventures, Lerer Hippeau Ventures, Box Group, and Shine Capital. The company has raised a total of $15 million, with the most recent investment coming in 2026.

Lithosquare Raises $25 Million In Seed Funding To Deploy Geology AI For Critical Metal Exploration

By Amit Chowdhry ● May 5, 2026

Lithosquare, a deep tech startup applying foundational AI to mineral exploration, has secured $25 million in seed funding to deploy its Geology AI platform globally. The round was led by World Fund with participation from Kindred Capital VC, daphni, Omnes, and OVNI Capital. The company has spent months operating alongside initial exploration partners to validate its technology in real-world geological settings before announcing the raise.

Datavault AI Prices $60 Million Common Stock Offering To Deploy Quantum-Ready GPU Edge Network

By Amit Chowdhry ● May 4, 2026

Datavault AI, a Philadelphia-based artificial intelligence and data infrastructure company traded on the Nasdaq under the ticker DVLT, has priced a registered direct offering of approximately 109 million shares of common stock at gross proceeds of $60 million before deducting offering expenses. The offering was led by several preeminent global investment managers alongside participation from existing shareholders, with Titan Partners, a division of American Capital Partners, acting as the sole placement agent.

LibreMax Capital: $285 Million Fund Launched For Asset-Backed Income Interval Fund

By Amit Chowdhry ● May 4, 2026

LibreMax Capital, an asset management firm specializing in securitized products and asset-backed finance, announced the launch of the LibreMax Asset-Backed Income Fund (LMIFX), its first interval fund designed to provide investors with access to private asset-backed finance and structured credit opportunities. The fund debuted with $285 million in capital commitments and aims to deliver attractive risk-adjusted returns alongside current income.

Smartness Raises €47 Million Raised For Lodging Industry Platform

By Amit Chowdhry ● May 4, 2026

Smartness, an agentic technology platform for the lodging industry, has raised €47 million in what the company describes as the largest-ever round in Italy for a Vertical AI company. The funding comes as Smartness pushes to redefine how hospitality operators engage with software, shifting the model from purchasing tools to purchasing outcomes.

A-Cube Secures €4 Million Round To Accelerate International Tax Compliance Platform

By Amit Chowdhry ● May 4, 2026

A-Cube, an Italian technology company specializing in automated digital tax compliance, has closed a €4 million funding round led by P101 SGR, one of Italy's leading venture capital firms. Sella Direct Ventures, a fintech-focused investor, also participated in the round and will make its global network available to the company. The capital will support A-Cube's expansion across key European markets, accelerate the development of its API-first platform, and fund integration of artificial intelligence models to enhance automation and predictive capability. The Milan-based company, founded in 2018, has processed more than 70 million invoices since 2019 and currently serves more than 450 customers across more than 10 countries.

Sowell Management Launches Advisor Partnership Program And Partners With Merchant For Growth Capital

By Amit Chowdhry ● May 4, 2026

Sowell Management, a leading registered investment advisor serving financial advisors and their clients nationwide with over $6.5 billion in client assets, has announced the launch of its Advisor Partnership Program and a strategic partnership with Merchant to fund the initiative and execute an ambitious M&A strategy. Financial terms were not disclosed.

Audax Private Debt Closes $1 Billion Private Credit Continuation Vehicle Led By Pantheon

By Amit Chowdhry ● May 4, 2026

Audax Private Debt, a leading provider of financing solutions for the middle market, has announced the closing of Audax Direct Lending Solutions Fund I CV, a $1.0 billion private credit continuation vehicle led by Pantheon, a leading global credit secondaries solutions investor.

Woodward Sports Names Co-Founder Joey Namou CEO Following Majority Stake Acquisition

By Amit Chowdhry ● May 4, 2026

Woodward Sports announced that co-founder Joey Namou has acquired a majority stake in the company in a seven-figure transaction and has been named Chief Executive Officer, marking a significant milestone for Detroit's leading digital sports media platform.

Reserv: $125 Million Series C Raised To Scale AI-Native Insurance Claims Platform

By Amit Chowdhry ● May 4, 2026

Reserv, the property and casualty insurance industry's largest AI-native third-party administrator, has raised $125 million in a Series C funding round led by KKR, with participation from existing investors Bain Capital Ventures and Flourish Ventures, as well as select strategic partners and clients.

Latus Bio: $97 Million Series A Raised To Advance Gene Therapy Platform Into Larger Patient Populations

By Amit Chowdhry ● May 4, 2026

Latus Bio, a biotechnology company engineering scalable gene therapies for broader patient populations, has closed a $97 million Series A financing, including a $43 million extension led by 8VC, with participation from existing investors DCVC Bio, BioAdvance, Benjamin Franklin Technology Partners, Modi Ventures, Gaingels, and Hatch BioFund, along with new investors Korea Development Bank and Helen's Pink Sky Foundation.

ADB Launches $70 Billion Plan For Energy And Digital Infrastructure In Asia-Pacific

By Amit Chowdhry ● May 3, 2026

The Asian Development Bank has announced a $70 billion program to expand energy and digital infrastructure across the Asia-Pacific region by 2035, with the dual aim of strengthening power grid links and increasing broadband access across some of the world's most underserved communities. The announcement was made in Hanoi on Sunday, with ADB President Masato Kanda framing energy and digital connectivity as essential pillars of the region's long-term economic growth.