startups

The fintech platform for startups closed a TCV-led Series D valuing it at $5.2 billion, weeks after securing conditional OCC approval to become a national bank.

Quantum software startup Algorithmiq raised 18 million euros co-led by CDP Venture Capital and United Ventures, relocated its global headquarters to Milan, and pushed total funding to 36 million euros in what investors call Italy's largest quantum VC round.

TCV-led round more than doubles Corgi's valuation in four months and funds the AI-native startup insurance carrier's move into trucking, taking total funding past $268 million.

Hyderabad-based Skyroot raised $60 million co-led by GIC and Sherpalo Ventures at a $1.1 billion valuation, with Vikram-1's first orbital flight targeted for June 2026.

The AI customer-service agent startup co-founded by OpenAI chair Bret Taylor closed a Tiger Global and GV-led round on May 4, lifting its valuation from $10 billion in September.

Parallel Web Systems closed a $100 million Series B led by Sequoia Capital at a $2 billion valuation, more than doubling the startup's worth since its November Series A and bringing total funding to $230 million.

San Francisco startup Humble unveiled the Humble Hauler, a fully autonomous, cabless Class 8 electric truck, after closing a $24 million seed round led by Eclipse to pursue dock-to-dock freight without a human cab.

SpaceX announced a $10 billion collaboration deal with AI coding tool Cursor and an option to acquire it for $60 billion, halting a $2B fundraising round that Andreessen Horowitz, Thrive, and Nvidia had been set to join.

Sequoia's $7B and Accel's $5B raises in a single week reflect a structural transformation in venture capital driven by AI's unprecedented capital requirements.

JPMorgan and BlackRock are backing Jeff Bezos's physical AI startup Project Prometheus in a $10 billion round at a $38 billion valuation, his first operational role since leaving Amazon in 2021.

Anysphere, maker of the Cursor AI coding tool, is negotiating a $2 billion round co-led by Andreessen Horowitz and Thrive Capital with Nvidia participating, nearly doubling its November 2025 valuation.

Hermeus closed a $350 million Series C at a $1 billion valuation, combining equity and debt as it shifts prototyping into production and relocates to El Segundo.