#venture-funding

#venture-funding

Brain implants are beginning to help people with severe disabilities to speak and even sing in near-real time. Now, a company wants to read people's minds and treat mental conditions without implanting electrodes deep into the brain by using ultrasound - high-frequency sound waves above the range of human hearing. Merge Labs, which launched last month with only a vague description of its goals, is one of many companies in a booming brain-computer interface (BCI) market.

Ricursive Intelligence, a startup building an AI system to design and automatically improve AI chips, has raised $300 million at a $4 billion valuation. The company said Monday the round was led by Lightspeed. Ricursive says the system will be able to create its own silicon substrate layer and speed up AI chip improvements. Rinse and repeat to get to AGI, the founders say.

The wings are lifting the valuation of Segev's startup too. In June, Cyera was valued at $6 billion in its seventh funding round. Now, just six months later, Cyera is worth $9 billion. Cyera raised $400 million in its recently closed Series F funding, the company exclusively confirmed to Fortune. Blackstone Growth led the round, with participation from existing investors including Accel, Coatue, Cyberstarts, Georgian, Greenoaks, Lightspeed Venture Partners, Redpoint, Sapphire Ventures, Sequoia Capital, and Spark.

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Cisco is reportedly in advanced talks to acquire Israeli cybersecurity company Axonius for approximately $2 billion, according to sources speaking to Calcalist. The potential acquisition fits into Cisco's broader strategy of investing heavily in strengthening its enterprise security offering in recent years. However, Axonius denies that negotiations are actually taking place. Axonius was previously valued at $2.6 billion and operates in the field of cyber asset management, a market segment that is becoming increasingly important as organizations try to get a grip

"For the first half a decade that I was telling people I was doing nuclear, I had to convince them, 'Hey, here's why nuclear is important,'" Bret Kugelmass, founder and CEO of Last Energy, told TechCrunch. "Now everyone just comes to us saying, 'Oh yeah, of course nuclear is a key part of the solution.' I'm like, okay, great, I'm glad everyone's caught up now."

As AI accelerates code production, it is widening a bottleneck in the far larger "after-code" phase of software development - the testing, security checks, and deployment work that still consumes nearly 70% of engineering time. Harness's tools help automate this sprawling, error-prone layer, even as enterprises grapple with rising AI code volume and the risks of shipping even a single line of faulty software into production systems.

Aircraft startup Boom Supersonic said Tuesday it will start selling a version of its turbine engine as a stationary power plant, and that its first customer will be data center startup Crusoe. Crusoe will buy 29 of Boom's 42-megawatt turbines for $1.25 billion to generate 1.21 gigawatts for its data centers. Boom said it will announce more details about a turbine factory next year, with first deliveries occurring in 2027.

Since Slack's launch in early 2013, the company has raised more than $320 million in funding-its $160 million round in April boosted the San Francisco company's private valuation to nearly $3 billion. The workplace messaging software has amassed 2 million daily active users since the service officially launched in February 2014-that's almost double the tally from six months ago. And many Slack users stay connected to the service an average of 10 hours daily, Underwood said.

Interview Naveen Rao founded AI businesses and sold them to Intel and Databricks. He's now turned his attention to satisfying AI's thirst for power and believes his new company, Unconventional AI, can do it by building chips inspired by nature. On Monday, Rao revealed Unconventional AI raised $475 million in seed funding from Andreessen Horowitz, Lightspeed, Jeff Bezos, and others, to answer the question.

"The day the company collapses is the day we drink that beer," Ondracek said.

Countries like Indonesia and Vietnam have very low GDP per capita, which means the willingness to buy your product or service is still extremely challenging [and low],

Jeff Bezos is getting a new job. He'll reportedly become co-CEO of Project Prometheus, a new startup that he's partly funding. The company's exact plans are still unknown, but its focus is on AI that could improve manufacturing in fields including computing, automobiles, and aerospace. The New York Times reports that Project Prometheus is already one of the better funded early-stage start-ups in the world, with $6.2 billion in investment, in part from Bezos himself.

WisdomAI, the new AI data analytics startup from Rubrik co-founder Soham Mazumdar, has landed a fresh $50 million Series A led by Kleiner Perkins with participation from new investor NVentures (Nvidia's venture capital arm). This round comes roughly six months after the startup announced a seed round of $23 million led by Coatue. WisdomAI offers AI-driven data analytics that can answer business questions from structured, unstructured, and even "dirty" data, meaning data that hasn't been cleaned of typos or errors.

Semiconductor giant Nvidia is looking to invest at least $500 million, and up to $1 billion, in Poolside, which builds AI models for software development, according to reporting from Bloomberg, which cited sources. This investment would be part of a $2 billion funding round Poolside is raising at a $12 billion valuation, according to Bloomberg. Nvidia's investment could rise to $1 billion if the company successfully completes the rest of the funding round, Bloomberg reported.

Electric vehicle charging software company Fuuse has raised a further £6 million from its existing investors, Par Equity and YFM Equity Partners, as it accelerates growth and moves closer to profitability. The Lancaster-based platform - which provides EV charge point management software and services - said the follow-on investment came at an increased valuation after the company more than doubled its recurring revenues since its previous funding round.

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 10/9/2025 featuring funding details for Class 3 Technologies and much more. This page will be updated throughout the day to reflect any new fundings. Class 3 Technologies - $2M CLIMATE TECH Class 3 Technologies, a platform that helps large property owners and institutions protect their organizations from climate-driven disasters with its simulation engine, has raised $2M in funding according to a recent SEC filing.

When people get very excited, as they are today about artificial intelligence for example, is every experiment gets funded, every company gets funded, the good ideas and the bad ideas, Bezos said, pointing to companies getting billions of dollars of funding before they have a product. Investors have a hard time in the middle of this excitement distinguishing between the good ideas and the bad ideas.

Midi, which provides virtual care for perimenopause, menopause, and other midlife women's health conditions, has raised $50 million in a Series C round led by Advance Venture Partners. The raise brings its total funding to about $150 million.Cofounder and CEO Joanna Strober confirmed the raise in an interview with BI. Midi has a $150 million revenue run rate, Strober said, up from about $60 million at the end of 2024.