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04 Sept 2025

xAI's CFO Mike Liberatore Departs Amid Executive Exodus at Elon Musk's AI Startup

Mike Liberatore, CFO of Elon Musk's AI company xAI, has left after just three months, marking the latest in a series of high-profile executive departures from the startup.

9 Sources

Scale AI Sues Rival Mercor Over Alleged Trade Secret Theft

Scale AI, a leading AI data-labeling firm, has filed a lawsuit against competitor Mercor and a former employee, Eugene Ling, alleging the misappropriation of confidential documents and trade secrets.

5 Sources

You.com Secures $150M Funding, Pivots to Enterprise AI Solutions

You.com, formerly an AI-powered search engine, raises $150 million in a Series C round, reaching a $1.5 billion valuation. The company shifts focus to providing AI APIs for enterprise applications.

2 Sources

Eudia: The AI-Powered Legal Startup Challenging Traditional Law Firms

Eudia, a legal AI startup, launches an "AI-augmented" law firm in Arizona, aiming to revolutionize corporate legal services and challenge the billable hour model.

2 Sources

Cato Networks Acquires Aim Security and Raises $50M to Bolster AI-Driven Cybersecurity

Israeli cybersecurity firm Cato Networks acquires AI security startup Aim Security and raises an additional $50 million, highlighting the growing importance of AI in enterprise security.

4 Sources

ID.me Secures $340 Million in Funding, Reaching $2 Billion Valuation to Combat AI-Driven Fraud

ID.me, a digital identity wallet provider, has raised $340 million in a Series E funding round, valuing the company at over $2 billion. The funding will be used to expand secure digital access and combat the growing threat of AI-driven fraud.

3 Sources

03 Sept 2025

HappyRobot Secures $44 Million to Expand AI-Powered Supply Chain Automation

HappyRobot, an AI startup specializing in supply chain automation, has raised $44 million in a Series B funding round, bringing its total funding to $62 million. The company's AI agents automate critical communication tasks for freight operators, aiming to revolutionize supply chain management.

6 Sources

Sierra, AI Agent Startup Led by Ex-Salesforce Co-CEO, Raises $350M at $10B Valuation

Sierra, an AI agent startup founded by former Salesforce co-CEO Bret Taylor, has secured $350 million in funding, reaching a $10 billion valuation. The company specializes in building AI agents for enterprise customer service.

7 Sources

OpenAI Acquires Statsig for $1.1 Billion, Reshapes Leadership Team

OpenAI makes a significant move by acquiring product testing startup Statsig for $1.1 billion, appointing its CEO as CTO of Applications, and restructuring its leadership team to focus on AI-powered scientific discovery and B2B applications.

13 Sources

Somnia Launches Mainnet and $SOMI Token, Aiming to Revolutionize Blockchain Gaming and Web3

Somnia, a high-performance Layer 1 blockchain, has launched its mainnet and $SOMI token after processing 10 billion testnet transactions. The platform aims to support large-scale applications in gaming, finance, and social platforms.

2 Sources

Anthropic Secures $13B in Funding, Reaching $183B Valuation Amid AI Industry Boom

Anthropic, the AI startup behind Claude, has raised $13 billion in a Series F round, valuing the company at $183 billion. The funding reflects strong investor confidence in AI technology and Anthropic's rapid growth in enterprise adoption and revenue.

27 Sources

PayPal and General Catalyst Lead $18M Investment in Kite AI for Agentic Web Infrastructure

Kite AI, formerly Zettablock, secures $18 million in Series A funding led by PayPal Ventures and General Catalyst, bringing its total funding to $33 million. The company aims to build foundational infrastructure for AI agents in the emerging agentic web ecosystem.

6 Sources

Gaia Unveils Groundbreaking AI Phone with On-Device Processing and Decentralized Network Participation

Gaia launches the world's first smartphone designed for complete AI sovereignty, processing AI entirely on-device and operating as a full network node. This innovative approach challenges the cloud-dependent model of current AI assistants.

2 Sources

Predoc Secures $30 Million to Revolutionize Healthcare Data Management with AI

Predoc, an AI-driven health information management startup, has raised $30 million in seed and Series A funding to automate medical records management and improve healthcare efficiency.

3 Sources

U.S. and Indian Investors Form $1B+ Alliance to Boost India's Deep Tech Startups

A group of U.S. and Indian venture capital and private equity firms have formed the India Deep Tech Investment Alliance (IDTA), pledging over $1 billion to fund and support deep tech startups in India over the next decade.

4 Sources

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