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Insider Brief PRESS RELEASE — GMI Cloud, an AI-native cloud delivering high-performance GPU infrastructure and inference services, announced $668 million in new financing, comprising $223 million in equity for Series B and a $445 million credit facility led by CTBC.
Voice AI startup ElevenLabs has announced a $300 million tender offer allowing employees to sell part of their vested equity at a $22 billion valuation. The figure doubles the $11 billion valuation the company reached in February, when it secured $500 million in funding.
Insider Brief PRESS RELEASE — Menos AI, an AI-native platform for institutional investors, announced a new $5.1 million Pre-A financing led by returning investor Copper Sky Capital, with participation from Alpha Square Group. The round brings total funding to more than $10 million.
Insider Brief PRESS RELEASE — Efficient Computer, the company building the world’s most energy-efficient processors, announced it entered into agreements for more than $97 million in Series B financing at a $650 million valuation, bringing its total funding raised to $173 million.
Fort Robotics and Newbury Street II Acquisition Corp. have confidentially submitted a draft registration statement on Form S-4 to the U.S. Securities and Exchange Commission.
OpenAI is in talks with investors to raise at least $30 billion in a pre-IPO funding round that would value the ChatGPT maker at roughly $1.4 trillion, Bloomberg reported on Tuesday.
AI security startup Reco has raised $55 million, extending a $30 million Series B from February, with participation from AT&T’s venture arm, Forestay and Quadrille Capital. The funding brings its total raised to $140 million.
Peak XV Partners, the venture firm managing more than $10 billion across markets including India and Southeast Asia, has increased its per-company investment ceiling through Surge, its seed-stage platform, to $5 million from $3 million.
AI inference infrastructure provider Modal Labs is nearing a $750 million funding round led by Accel at a $15.75 billion valuation, according to a source familiar with the deal.
Boston-based voice intelligence startup Modulate has raised $25 million in new funding led by Future Ventures, with participation from Hyperplane and Lakestar. PitchBook data shows the company had previously raised $41 million at a $170 million valuation.
Insider Brief Hello Robot received a nearly $3 million National Institutes of Health federal grant to develop and test its Stretch mobile manipulator as an assistive robot for older adults with mild cognitive impairment and early Alzheimer’s dementia.
Insider Brief Destro AI raised $8 million in seed funding to expand a software platform designed to coordinate robots from different manufacturers across warehouse operations.
Seligman Ventures, the venture arm of Seligman Investments, has doubled its deployable capital from $500 million to $1 billion less than a year after launching in February 2026, as it deepens its focus on technologies supporting the AI infrastructure build-out.
Insider Brief PRESS RELEASE — Instinct, the company building a personal agent for everyday life, announced that it has raised an additional $1 billion in its latest round from Sequoia Capital, Benchmark Capital, and Coatue to bring useful AI to everyone.
Denver-based AI data center builder Crusoe has ended its plan to use stationary power plants from fellow Denver company Boom Supersonic, scrapping a $1.25 billion agreement for 29 of Boom’s 42-megawatt Superpower natural gas turbines that were due for delivery starting in 2027.
British AI neocloud Nscale has secured $3.36 billion in convertible note financing ahead of its planned U.S. IPO later this year, the company announced on Friday. The round highlights the enormous capital needed to build out AI data center infrastructure.
Insider Brief PRESS RELEASE — Outmarket AI, the leading AI platform purpose-built for insurance, announced it has raised $34.5 million in Series B funding. The round was led by SignalFire, with participation from Fika Ventures, Permanent Capital Ventures, TTV Capital and Dash Fund.
Insider Brief Japanese chemicals company DIC Corp. has made an undisclosed strategic investment in California-based Mantis Robotics. Mantis develops high-speed industrial robots designed to work alongside people without fences or segregated areas.
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