$1.85B raised at a $60B valuation. Ramp is worth more than a lot of publicly traded fintech companies. Its strategy goes beyond corporate cards: own the spending data, automate financial workflows, and become the software layer through which businesses manage money.

$1.5B raised. $6.2B valuation. Tenstorrent is making a serious bet against the status quo in #AI chips. Jim Keller's open AI-chip company more than doubled its valuation. Now, the capital is going toward Galaxy server production. The real test: customer deployment at scale?

Largest raises w/ Modal | $750M | Series D Kairos Power | $643M | Growth OMass Therapeutics | $310M | Series C MHX (Li Auto chip) | ~$242M | Series A Icon | $200M | Series D Salience Labs | $125M | Series B Estuary Biotherapeutics | $103M | Series A Suki | $90M | Series E

$643M for a reactor designed around a very specific customer: Google Kairos Power is developing a molten-salt reactor in Tennessee to supply power to Google data centers. The bigger bet: turning advanced nuclear technology into a dedicated power source for energy-hungry AI infa

$243M to build chips. A $2.5B potential valuation. Li Auto is spinning out its chip business, MHX Technology, to scale its 5nm automotive AI chip and pursue customers beyond its own vehicles. Li Auto keeps 74% control. The next EV battle may be won with silicon, not just cars.

OMass (@UniofOxford ) and Estuary (@Yale spinout, US) both raised nine-figure rounds in the same window for high-need, high-science indications. That tells founders that Healthcare #AI growth rounds can still clear at Series C onwards when revenue and usage metrics are strong.

€200M in revenue. 200K+ customers. Now €50M more to scale. Germany’s Rabot Energy wants to reach 1 million customers by connecting home batteries, EV chargers, and heat pumps into a smarter energy network. The next energy giant may not own power plants.

They built a ~$30M business with influencer marketing. Now @MyFitnessPal has acquired Cal AI. The price? Undisclosed. The lesson: You don't need to beat the giants. Build something they want to own. #AI #myfitbesspal

$21 BILLION. Japan is helping build America's semiconductor future. The latest phase of Japan's $550B US investment framework includes two planned GlobalFoundries factories in New York. Japan brings the capital. GF brings the manufacturing expertise.

From $1B valuation to a $20M stalking-horse bid. Character.AI has filed for Chapter 11, with Disney bidding for a non-exclusive IP license. The lesson for AI founders? Growth gets attention. But legal exposure and product risk can determine how much value survives.

$125M for a different kind of AI infra. Salience Labs is building photonic switches that use light to move data inside AI systems. As #AI scales, moving data between GPUs becomes a serious bottleneck. The next breakthrough may not be a better chip, but a faster connection.

$643M for nuclear power. Kairos Power is developing a Tennessee reactor to supply electricity to Google data centers. The #AI race isn't just about smarter models anymore. It's also about who can secure enough power to run them.

$750M. A $15.75B valuation. Over $1B in annualized revenue. Modal reached all three milestones. Its valuation jumped from $4.65B in May to $15.75B in five months. #AI infrastructure isn't waiting for the future. Investors are pricing it in now.

Today's funding snapshot.

$516 million. Shinhan just bought Lotte Insurance. While everyone stares at $10–20M AI seeds, a half-billion-$ financial M&A closed on the same day. The quiet capital is still moving in the real economy. The loud capital is chasing agents and robots. Both are writing checks.

European startups raised €15.8 billion in September alone. Almost 5× August. 300 deals. Three rounds over €1 billion. The money didn’t dry up. It was waiting for the right narrative. And the narrative right now is AI + physical world.

$200 million. One company. Yesterday. Icon just raised more money in a single round than every other disclosed startup in the last 24 hours combined. Hardware is not sleeping. It’s eating the entire equity market in one bite.

Causa Prima just closed a $20M seed. Three months after a $10M pre-seed. Same company. Same stage. Double the check. The gap between rounds is collapsing faster than the time it takes most founders to update their deck. Is this velocity… or the winner’s curse in real time?

A 6-person AI startup. Just 1 year old. Acquired for up to $100M. Rocket Software's acquisition of Israel's Geniez AI raises an interesting question: In #AI, a small team can create outsized value. #VentureCapital

Traditional software can scale with relatively little capital. Frontier AI may need huge #funding, compute and infrastructure just to compete. Is capital efficiency becoming less important—or will only a handful of companies be able to play? #VentureCapital