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Positron AI, a U.S.-based semiconductor and AI infrastructure startup, has closed a $230 million Series B funding round at a post-money valuation of more than $1 billion. The capital will accelerate the company’s mission to scale energy-efficient AI inference hardware and custom silicon that dramatically lowers cost and power consumption for real-world AI deployments. The round was co-led by strategic and financial investors including Arena Private Wealth, Jump Trading, and Unless, with participation from Qatar Investment Authority, Arm Holdings, and returning backers such as Valor Equity Partners, Atreides Management, DFJ Growth, Resilience Reserve, Flume Ventures, and 1517. Positron’s leadership said this strong financing validates demand for its inference-centric hardware approach, which focuses on efficient compute tailored for large-scale AI models. Positron builds purpose-designed hardware and software for AI inference, with its shipping product Atlas delivering competitive inference performance at significantly lower power usage compared to traditional GPU-based solutions. The company’s next-generation custom silicon, Asimov, targets memory-first architecture designed to support high-bandwidth, large-context models and is expected to enter production in the coming years. This latest funding positions Positron to expand engineering and production capacity, advance its chip roadmap, deepen partnerships across cloud and performance-sensitive verticals, and capture growing demand from customers seeking alternatives to legacy AI infrastructure.
7 hours ago|by Team S
Third Arc Bio Inc., a clinical-stage biotech company focused on developing novel multifunctional antibodies for oncology and immunology & inflammation (I&I) indications, has announced the closing of a $52 million Series A extension financing round. The new capital will fuel the company’s expansion of its I&I portfolio and advancement of additional oncology programs into clinical development, reinforcing its capabilities to address diseases with high unmet medical need. The Series A extension builds on Third Arc Bio’s earlier $165 million Series A financing and brings new investor Andreessen Horowitz (a16z) into the syndicate while continuing backing from its world-class investor base. As part of the financing, a16z General Partner Jorge Conde is joining Third Arc Bio’s Board of Directors, underscoring strong confidence in the company’s scientific platforms and strategic direction. Third Arc Bio was launched in 2022 with seed funding from Omega Funds and has rapidly assembled an experienced team with a track record of drug discovery and development. Its lead asset, ARC101, is a bispecific T cell engager targeting CLDN6 that is currently in Phase 1 dose escalation in patients with advanced solid tumors. The company’s platform technologies, including its ARCTag (Tethered Agonist) Platform, aim to precisely localize immune modulation directly to disease sites, representing a targeted advance over conventional systemic therapies. Third Arc Bio’s leadership says the new funding will maintain momentum across its expanding oncology portfolio while rapidly advancing next-generation I&I assets into first-in-human studies, enhancing its ability to generate proof-of-concept data and deliver innovative therapies for patients with significant unmet needs.
7 hours ago|by Team S
TRM Labs, the blockchain intelligence and AI-driven risk platform, has announced the successful close of a $70 million Series C funding round that values the company at approximately $1 billion. The funding will accelerate the company’s mission to empower law enforcement, national security agencies, and financial institutions around the world with advanced technologies to combat evolving threats across cybercrime, illicit finance, and programmatic fraud. TRM’s platform integrates cutting-edge AI and blockchain analytics to trace movement of funds, identify malicious actors, and enhance investigative workflows in high-consequence environments, serving a global customer base spanning more than 50 countries including leading private sector institutions. The Series C funding round was led by Spencer Bogart Blockchain Capital, with participation from returning and new investors including CMT Digital, Mathew McDermott Goldman Sachs, Charles Birnbaum Bessemer Venture Partners, DRW Venture Capital, Y Combinator, Alumni Ventures, Citi Ventures, Brevan Howard Digital, and Galaxy Ventures. This strong support from both venture and strategic institutional investors underscores confidence in TRM’s technology and its role in safeguarding digital economic activity worldwide. TRM Labs will use the new capital to broaden its AI research and engineering talent, enhance its AI-enabled compliance and risk management tools, and expand its AI-powered investigation capabilities that connect on-chain and off-chain threat insights. CEO Esteban Castaño emphasized that this investment propels TRM’s mission to build impactful AI solutions that protect public safety and financial integrity as digital activity continues to scale globally.
7 hours ago|by Team S
Waabi Innovation Inc., a Toronto-based autonomous vehicle and Physical AI startup specialising in self-driving technology for trucks, has raised $1 billion in new funding to expand its commercial footprint and enter the robotaxi market in partnership with Uber Technologies Inc. The fresh capital positions Waabi to scale its cutting-edge AI platform which powers both autonomous trucking and passenger robotaxis as demand grows for scalable autonomous transportation solutions beyond freight alone. In this Series C financing, Khosla Ventures and G2 Venture Partners co-led the $750 million oversubscribed equity round, complemented by approximately $250 million in milestone-based investment from Uber tied to robotaxi deployment objectives. Strategic participation also came from Uber, NVentures (NVIDIA’s venture arm), Volvo Group Venture Capital, Porsche Automobil Holding SE, funds and accounts managed by BlackRock Inc., an Abu Dhabi Investment Authority-linked vehicle, BDC Capital’s Thrive Venture Fund, Export Development Canada (EDC), TELUS Global Ventures, BMO Global Asset Management, and other institutional backers making this one of the largest autonomous driving raises in Canadian history. The Uber-Waabi partnership targets deployment of 25,000+ Waabi Driver-powered robotaxis on Uber’s ride-hailing platform over time, using Waabi’s unified Physical AI stack across vehicle types without needing separate systems for trucks and robotaxis. Founded in 2021 by AI expert Raquel Urtasun, Waabi has evolved its simulation-first AI platform designed to generalise across vehicle categories and geographies to power autonomous trucking commercialisation while spearheading its entry into passenger mobility via robotaxi services. The company plans to use the fresh capital to grow engineering and commercial teams, deepen AI capabilities, accelerate AV deployment, and support long-term global expansion of both freight and ride-hail autonomy.
8 hours ago|by Team S
Bits Technology, a Stockholm-based provider of compliance and onboarding infrastructure for regulated financial institutions, has raised €12 million in a Series A funding round to accelerate automation across anti-money-laundering (AML), fraud and onboarding workflows and support broader expansion throughout Europe. The company’s platform helps fintechs and banks unify fragmented compliance processes including KYC, KYB, continuous monitoring and risk assessment into a single, scalable system that reduces manual work and supports growth across markets. This Series A was led by Alstin Capital, with participation from Cherry Ventures, Unusual Ventures, Alliance Ventures, and angel investor Haval van Drumpt (CEO, Tre Sweden) signalling strong investor confidence in Bits’ approach to modernising regulatory compliance as a growth enabler rather than a bottleneck. The new capital will be used to deepen automation across financial crime detection workflows, expand coverage of regulatory and data sources across Europe, and scale the company’s go-to-market operations as it targets continued expansion into key regions including the DACH market and the United Kingdom. Founded in 2022 by former operators from Klarna, AWS and Tink, Bits supports compliance workflows across 100+ jurisdictions, helping regulated organisations streamline onboarding, fraud detection and ongoing monitoring. Customers such as Qliro, Alisa Bank and Walley have reported significant reductions in manual case handling between 50 % and 70 % while speeding onboarding and approval times four to six times faster.
a day ago|by Team S
Salicru, a family-owned Spanish power electronics manufacturer headquartered in Santa Maria de Palautordera (Vallès Oriental), Catalonia, has secured €2.5 million in financing from the Institut Català de Finances (ICF) through its Eurocrèdit loan facility part of a push to accelerate the company’s reindustrialisation, production expansion and process digitalisation as it targets international growth and export market expansion. The financing comes from an ICF Eurocrèdit loan co-financed by the European Union’s European Regional Development Fund (ERDF), which provides favourable loan conditions for Catalan SMEs investing in production capacity, innovation and market expansion. Salicru, founded in 1965, is a recognised manufacturer of Uninterruptible Power Supply systems (UPS) and other power quality solutions that protect equipment across industrial, professional and domestic applications. With such systems deployed in over 130 countries and subsidiaries in markets like China, Morocco, Mexico, Peru, Portugal, the Middle East, France and Australia, the company is positioning itself for further international scaling. ICF’s backing will support the expansion of Salicru’s industrial footprint, continued digital transformation of manufacturing processes, and reinforcements to its engineering and export capabilities at a strategic point in its growth cycle. Salicru’s leadership has highlighted the importance of both private and public financing support in reinforcing its competitive edge, while ICF emphasises its role in bolstering industrial projects that create jobs and strengthen local economic impact.
2 days ago|by Team S
Nomagic, a Warsaw-based AI robotics company developing smart pick-and-place automation solutions for warehouse order fulfilment, has raised €8.6 million (approximately $9.4 million) in a funding round to accelerate product development and support wider commercial deployments of its robotic systems that automate complex item handling tasks for ecommerce and logistics operations. The fresh capital will help Nomagic expand its suite of autonomous robotics offerings, enhance AI-driven perception and manipulation capabilities, and lay the groundwork for future growth across sectors that face persistent labour shortages and operational inefficiencies. This round was co-led by Khosla Ventures and Hoxton Ventures, with participation from seasoned technology investors including DN Capital, Capnamic Ventures, and Manta Ray underscoring strong investor confidence in Nomagic’s vision to make warehouse pick-and-place automation more flexible, scalable, and accessible to a wider range of logistics customers. Nomagic’s technology combines computer vision, machine learning, and modular robotics hardware to autonomously identify and handle diverse items in real-world environments, removing manual bottlenecks in order fulfilment and intralogistics workflows. Founded in 2017 by Kacper Nowicki and Tristan d’Orgeval, Nomagic has been at the forefront of Physical AI for warehouse automation, delivering robust robotic picking systems that integrate seamlessly with existing warehouse infrastructure and fulfilment software ecosystems. The company continues to build commercial traction and expects this funding to drive deeper integration with major supply chain partners and accelerate its move into new geographic markets.
2 days ago|by Team S
Metergrid, a Stuttgart-based energy technology company focused on software and processing solutions for solar tenant-power (Mieterstrom) models, has raised €10 million in a Series A funding round reported as the largest growth financing in Germany’s tenant-power segment. The fresh capital will help Metergrid evolve its platform from a billing-centric solution to a comprehensive energy management suite for multi-tenant residential buildings, integrating solar PV, EV charging, energy storage, smart metering and heating/utility cost accounting under one unified software ecosystem. The Series A round was led by SET Ventures, with strong participation from existing backers Hager, LBBW Venture Capital, Mätch VC, and multiple business angels that supported Metergrid’s mission to democratise access to renewable energy and digitalise building energy operations. Founded in 2021, Metergrid’s platform enables owners, housing associations and property managers to sell on-site solar power directly to residents bypassing traditional grid challenges and increasing adoption of local renewables. The company expanded its reach significantly in 2025, growing the number of residents served from around 10,000 to over 53,000, and aims to support one million people in multi-tenant homes with renewable energy by 2030, according to Co-Founder and CEO Johannes Mewes. The round will also fuel product expansion into EV infrastructure, advanced energy management systems and storage optimisation, while helping tackle regulatory and administrative hurdles that have historically slowed local energy concepts in Germany’s multi-family buildings.
2 days ago|by Team S
zSpace, Inc., a U.S.-based AR/VR education technology company developing immersive learning solutions for K-12 and vocational training, has secured a $3 million strategic investment as it navigates financial pressures and possible Nasdaq listing challenges. The fresh capital will help the company strengthen its balance sheet, support ongoing operations, and support international expansion efforts outside the United States. The $3 million investment came from Planet One Education a global provider of technology-driven education solutions across K-12, technical and vocational training (TVET), and higher education. The funding was structured through the purchase of convertible preferred stock and warrants, reinforcing confidence in zSpace’s patented headset-free AR/VR ecosystem while helping accelerate go-to-market initiatives in high-growth education sectors globally. zSpace and Planet One are also exploring a strategic collaboration to expand STEM and vocational training offerings outside the U.S. and deliver scalable immersive learning platforms. zSpace, which has historically focused on immersive AR/VR solutions that allow students to interact with 3D content without head-mounted displays, has faced ongoing Nasdaq compliance pressures after reported declines in stock price and market value, prompting restructuring efforts and cost reductions. This infusion of capital aims to bolster growth as the company adjusts to evolving education technology demand and explores broader adoption of its platform.
2 days ago|by Team S
Levellr, a London and New York-based engagement intelligence startup, has raised $2.5 million in a seed funding round to scale its AI-driven platform that transforms unstructured community conversations especially on Discord into structured insights for product, marketing, community and support teams. The platform addresses the challenge many brands face in understanding sentiment and signal buried in fast-moving chat streams by converting community dialogue into actionable recommendations that help teams reduce noise, improve retention and make data-backed decisions. The seed round was led by Fuel Ventures, with participation from a high-profile group of individual backers and strategic investors including Bing Gordon, Frank Gibeau, Phil Mansell, Simon Hade, Norman Cheuk, Playformant, and Mark Pincus’ Workplay Ventures. Levellr also noted early support from investors such as Rich Barnwell, Matt Bilbey, Dylan Collins, Mitch Lasky, Owen Mahoney, and Mika Salmi showcasing strong confidence in the company’s vision to unlock community-centric signals that inform product metrics and retention strategies across consumer and gaming sectors. Founded in 2021 by Tom Gayner and Ben Barbersmith, Levellr has seen revenue double year-on-year and serves customers including Epic Games, Krafton, Scopely, YouTube and Google, highlighting early traction across gaming and consumer tech brands that rely on vibrant online communities to drive engagement and product feedback loops.
2 days ago|by Team S
Radiant (formerly Neamine), a European climate technology company building solar thermal solutions for decarbonising industrial heat, has raised €2 million in a seed funding round while being selected to participate in Hexa’s Carbon Zero acceleration programme a climate-focused cohort designed to back breakthrough technologies that can economically replace legacy carbon systems. The funds will help advance Radiant’s next-generation industrial heat platform and support construction of its first industrial demonstrator in Le Mans to validate scalability and operation at industrial sites. The round was led with participation from Tiresias Angels and investor Selim Cherif, underscoring early confidence in Radiant’s mission to cut fossil fuel reliance in heat-intensive sectors. Industrial heat accounts for a large share of energy consumption and emissions, especially in materials and process industries where traditional gas burners and oil-fired boilers remain dominant. Radiant’s solar thermal system combining next-generation heliostats, a proprietary receiver and thermal storage can deliver high-temperature heat up to 1,000 °C for industrial furnaces, kilns and dryers, while helping companies reduce carbon emissions and manage energy costs. Radiant builds on 15 years of research at the German Aerospace Center (DLR), and its technology addresses a longstanding gap in economically competitive low-carbon industrial heat solutions. With this funding and support from Hexa’s Carbon Zero programme, Radiant plans to expand demonstration deployments and pursue international expansion, contributing to broader industrial decarbonisation efforts across Europe and beyond.
4 days ago|by Team S
Origin, a Los Angeles-based hybrid healthcare provider focused on pelvic floor physical therapy and whole-body musculoskeletal (MSK) care for women, has secured a Series B funding round to amplify its hybrid care model and expand access to both virtual and in-person treatments across the United States.The new capital will accelerate product innovation, clinical training, and technology integration including AI-empowered clinical tools as the company works to broaden care coverage, improve outcomes, and make specialised women’s health services more affordable and accessible.This Series B round was led by SJF Ventures, with significant participation from Blue Venture Fund and Gratitude Railroad, alongside financing from the California Infrastructure and Economic Development Bank (IBank) and a group of acclaimed angel investors including Afton Vechery (founder of Modern Fertility), Hannah Bronfman (wellness entrepreneur), and Peter Klatsky (founder of Spring Fertility).Origin plans to use the funding to scale personalised care journeys, deepen its clinical service footprint through additional clinics, invest in AI-driven tools like Athena and GinaGPT, and expand clinician training via Origin University.Founded in 2020 by Co-founders Carine Carmy, Nona Farahnik Yadegar, and David Yadegar, Origin provides insurance-covered pelvic floor and MSK care services through a hybrid model combining nationwide virtual care with a growing network of physical clinics.The company has treated more than 50,000 patients and delivers care in-network for insurance plans covering over 50 million lives, with a reported 90 % improvement rate among patients seeking treatment for conditions such as incontinence, prolapse, and chronic pain. Its recently launched mobile app, The Origin Way, complements in-clinic care with custom exercise programmes and educational content to support patient progress between sessions.Origin’s clinical model includes 45-minute one-on-one sessions with licensed pelvic floor and musculoskeletal physical therapists and assistants, delivered both in-person across 19 clinics in seven states and virtually nationwide.With a hybrid approach and AI-augmented clinical decision support, Origin aims to mainstream women’s pelvic and MSK care, reduce out-of-pocket costs, and shorten wait times compared with traditional hospital-based services.
4 days ago|by Team S
Montréal-based automation and robotics company Vention has raised $110 million in a Series D funding round, strengthening its position as a global player in physical AI-driven manufacturing solutions. The fresh capital will be used to enhance its AI-powered automation platform and expand its international footprint, particularly across Europe. The Series D round was led by Investissement Québec, with strong participation from Nvidia’s venture arm, Desjardins Capital, and Fidelity Investments Canada. The round was structured as a primarily equity-based investment, complemented by a small credit facility. With this raise, Vention’s total capital raised has crossed $300 million, while the company has achieved an annual run rate exceeding $100 million.Founded in 2016 by CEO Etienne Lacroix and CTO Max Windisch, Vention offers a self-serve manufacturing automation platform that combines engineering software with modular, plug-and-play hardware. Its physical AI technology enables robots and machines to better perceive environments and plan motion without requiring coding expertise, allowing factories to design and deploy complete automated systems efficiently.Vention’s platform is already deployed in more than 4,000 factories worldwide, serving major industrial clients such as Boeing, L’Oreal, and Lockheed Martin. The company currently employs around 330 people, with the majority of its customers based in the United States, followed by Europe and Canada.Looking ahead, Vention plans to accelerate research in physical AI, introduce advanced software features, and expand its European operations, building on its existing presence in Germany. As industrial automation adoption continues to grow globally, Vention aims to address productivity gaps and enable faster deployment of robotics across manufacturing sectors.
5 days ago|by Team S
Factify, a Tel Aviv & Pittsburgh-based AI infrastructure startup building a next-generation “document-as-infrastructure” platform, has raised $73 million in a seed funding round to transform how digital records such as contracts, agreements, and business documents are created, governed, and accessed particularly in enterprise and regulated sectors where document integrity and AI-readiness are crucial. The company’s platform aims to replace the decades-old static PDF format with intelligent, governable documents that carry built-in identity, version history, access control, audit logs and machine-readability enabling reliable, secure workflows for both humans and AI systems as organisations scale automation and compliance demands. This seed round was led by Valley Capital Partners and featured participation from a constellation of technology and business leaders including John Giannandrea (former Head of AI at Google and SVP of AI at Apple), Ken Moelis (Founder of Moelis & Co.), Peter Brown (CEO of Renaissance Technologies), Shai Wininger (co-founder of Lemonade & Fiverr), Jim Perry (Founding Partner at Madison Dearborn Fund) and Shay Doron (Partner at Clutch Capital). The funds will be used to scale engineering teams, deepen platform capabilities that enable secure, AI-ready document infrastructure, and expand enterprise adoption across highly regulated industries such as banking, insurance, legal services, HR and operations as Factify builds towards a future where documents themselves act as trusted sources of truth for both manual and automated workflows.
5 days ago|by Team S
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