A drone boat startup just raised more money than most unicorns see in their entire lifecycle, and the Pentagon didn't even have to cut the check. Saronic Technologies raised $1.75 billion for autonomous military vessels, one of the largest defense tech rounds ever
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Allbirds just sold for $39 million after peaking at a $4 billion valuation, and the gap between those numbers tells you everything about what venture capital got wrong about consumer brands.
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The Department of Labor just proposed rules to let private equity into your 401(k), and the real story isn't what the industry wanted you to hear.
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Rivian just spun an e-bike company into a unicorn that's building autonomous delivery bots for DoorDash. Also, a Rivian spinoff focused on electric bikes and micro-mobility, hit $1B valuation in fresh funding and signed DoorDash for autonomous delivery development
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A crypto payments company just hit $45 billion in annual volume and nobody's heard of them yet. OpenFX raised $94 million at a $500M valuation while processing $45B annually using stablecoins for cross-border FX settlement
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SpaceX is about to weaponize index funds against professional investors who think it's overvalued. SpaceX is planning an IPO at a $1+ trillion valuation, forcing institutional investors into a binary choice: buy in or miss what could be the largest tech listing in history
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While OpenAI retreated from video generation, LTX just built a business model that solves the actual problem: nobody can afford to iterate. LTX, a Lightricks spinoff, launched open-source AI video software that runs on a single laptop, free until developers hit $10M in revenue
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A forex startup just raised $94 million to replace correspondent banking with stablecoins, and the implications for B2B payments are bigger than the round suggests. OpenFX raised $94 million to scale stablecoin-powered cross-border payments for businesses
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A billion-dollar valuation for AI security tells you everything about where the agent economy is actually heading. Tenex, a Google partner focused on AI security, just raised $250 million at a valuation north of $1 billion
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CoreWeave just borrowed $8.5 billion against its GPUs, the largest chip-backed debt deal ever, and Meta's signature is all over the collateral. CoreWeave raised $8.5 billion in debt to expand cloud computing capacity, the largest chip-backed financing on record
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Cross River just raised $50 million to build the banking rails for AI agents and crypto, and that's the clearest sign yet that traditional finance is done pretending Web4 isn't happening. Cross River Bank raised $50 million from existing investors to expand into AI and crypto infrastructure
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Standard Chartered just led a $1.1 billion valuation round for a crypto market maker most people have never heard of. SC Ventures and Ripple are backing Keyrock's open Series C at a $1.1 billion valuation, with the round expected to close soon
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David Bailey's public bitcoin treasury strategy just ate a 40% loss to keep the lights on. Nakamoto Holdings sold 284 BTC for $20 million at ~$70,422 per coin, 40% below their average acquisition cost, according to their annual filing
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Whoop just proved that screenless wearables can command a $10 billion valuation while everyone else is still trying to cram more pixels onto your wrist. Whoop raised $575 million at a $10.1 billion valuation, positioning itself for an IPO in a crowded wearables market
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Two ex-banking analysts just built a $1.3 billion debt intelligence platform while Wall Street still thinks Excel and Bloomberg terminals are cutting edge. 9fin, a credit data and intelligence firm, raised funding at a $1.3 billion valuation, targeting the entrenched credit research market
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A crypto market-maker just hit unicorn status with banking money leading the round. Keyrock, a Brussels-based crypto market maker, raised a Series C at a $1.1 billion valuation led by SC Ventures, Standard Chartered's innovation arm
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A British chip startup you've never heard of is raising $200 million to take on Nvidia, and the odds say they'll fail, but the attempt tells you everything about where AI infrastructure is headed.
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A startup just raised $170 million to put data centers in orbit, and the math might actually work. Starcloud closed a $170 million Series A at $1.1 billion valuation to build solar-powered data centers in space, led by Benchmark and EQT Ventures
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Software's bloodbath has just started, and AI agents are the reason why. Dan Niles says software stocks are "nowhere near the bottom" despite recent tech selloffs tied to Iran conflict volatility The catalyst isn't geopolitics. It's agentic AI systematically replacing software seats
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AI is writing more code than humans now, and nobody's sure if any of it works. Qodo just raised $70M to build verification tools for AI-generated code as production systems fill with machine-written software
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