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13 May 2026

Anduril raises $5 billion, doubles valuation to $61 billion as defense tech spending surges

Anduril Industries closed a $5 billion Series H funding round, doubling its valuation to $61 billion from $30.5 billion just ten months ago. The defense tech company, founded by Palmer Luckey, develops AI-backed weapons and autonomous systems for the U.S. military. Revenue doubled to $2.2 billion in 2025 as the firm expands manufacturing operations in Ohio and Seattle.

3 Sources

12 May 2026

Exaforce raises $125 million Series B to combat AI-powered cyber threats with real-time detection

Exaforce, an agentic SOC startup, has secured $125 million in Series B funding at a $725 million valuation to scale its AI-native security operations platform. The company uses AI agents called Exabots and a real-time knowledge graph to detect and stop cyberattacks as they happen, reducing investigation time by 10x. The round brings total funding to $200 million just one year after its $75 million Series A.

3 Sources

Vapi raises $50M Series B to scale voice AI platform handling over 1 billion calls

San Francisco-based Vapi has secured $50 million in Series B funding led by Peak XV to expand its enterprise voice-AI platform. The company now supports over 1 million developers and has processed more than 1 billion calls through voice agents built on its infrastructure. Major customers including Amazon Ring, Intuit, and New York Life are using the platform to automate customer service and improve satisfaction scores.

2 Sources

HrdWyr Secures $13M Series A to Build AI-Native Chips for Physical AI Era

Indian semiconductor startup HrdWyr has closed a $13 million Series A funding round led by Ideaspring Capital to develop AI-native System-on-Chip products. The company is building purpose-built chips for Physical AI applications across white goods, EVs, and data centers, marking a shift from conventional general-purpose architectures to domain-specific edge intelligence.

2 Sources

White Circle Raises $11 Million to Stop AI Models From Going Rogue in Production Environments

Paris-based White Circle has raised $11 million in seed funding for its AI control platform that monitors and secures AI models in production. Founded by Denis Shilov, who went viral after exposing safety vulnerabilities in major AI models, the platform has already processed over one billion API requests. Backers include senior figures from OpenAI, Anthropic, Mistral, and Hugging Face.

2 Sources

Frame Security raises $50M to defend against AI-powered social engineering and deepfake attacks

Frame Security emerged from stealth with $50 million in funding to tackle the surge in AI-powered social engineering and deepfake attacks. Founded by Israeli Unit 8200 veterans, the startup offers an AI-driven platform that replaces outdated security awareness methods with realistic attack simulations and personalized training, aiming to strengthen the human element in cybersecurity as 90% of breaches still involve human error.

2 Sources

Cowboy Space raises $275 million to build orbital AI data centers and its own rockets

Cowboy Space, formerly Aetherflux, has raised $275 million at a $2 billion valuation to deploy solar-powered AI data centers in orbit. The company plans to build its own rockets due to insufficient launch capacity, with each satellite housing 800 GPUs and generating 1 megawatt of power. The first rocket launch is expected before the end of 2028.

3 Sources

09 May 2026

Isomorphic Labs Raises $2.1 Billion to Scale AI Drug Discovery and Advance Clinical Trials

Alphabet-backed Isomorphic Labs secured $2.1 billion in Series B funding led by Thrive Capital, with participation from MGX, Temasek, and the UK Sovereign AI Fund. The Google DeepMind spin-off will use the investment to scale its AI drug design engine and expects to begin clinical trials by late 2026, marking a shift from its earlier 2025 target.

5 Sources

07 May 2026

Roche acquires PathAI for up to $1.05 billion to strengthen AI diagnostics and digital pathology

Swiss pharmaceutical giant Roche announced it will acquire U.S.-based AI company PathAI in a deal worth up to $1.05 billion. The acquisition expands Roche's digital pathology capabilities and AI diagnostics tools, building on a partnership that began in 2021. PathAI will join Roche's diagnostics division to accelerate precision medicine and biomarker discovery.

2 Sources

Voi Co-Founders Launch Pit AI Startup with $16M to Automate Enterprise Workflows

Stockholm-based Pit, founded by Voi's leadership team, has raised $16 million led by Andreessen Horowitz to build custom AI software for enterprise operations. The AI startup promises to replace fragmented SaaS tools with production-grade systems that learn company workflows and deploy in days, already saving early customers over 10,000 hours annually.

3 Sources

Moonshot AI raises $2 billion at $20 billion valuation as Chinese AI labs attract major investors

Moonshot AI, creator of the popular Kimi chatbot, has closed a $2 billion funding round at a $20 billion valuation, led by Meituan's venture arm. The Beijing-based AI lab has raised $3.9 billion in just six months, with annual recurring revenue surpassing $200 million. The deal signals surging investor appetite for Chinese AI startups as they compete with OpenAI and Anthropic.

5 Sources

Corgi doubles valuation to $1.3B in four months as AI insurance carrier expands into trucking

Y Combinator-backed Corgi raised $160 million in Series B funding at a $1.3 billion valuation, just four months after closing its Series A at $630 million. The AI-native insurance carrier is expanding from startup insurance products into trucking, applying its AI underwriting layer to compress quoting cycles from weeks to minutes.

2 Sources

OpsMill raises $14M Series A to make IT infrastructure data trustworthy for AI agents

Paris-based OpsMill has closed a $14M Series A round led by IRIS to expand its Infrahub platform, which provides AI agents and engineering teams with a single trusted view of enterprise IT infrastructure. The platform is already in production at TikTok and has helped one European cloud provider cut deployment times from five days to fifteen minutes, addressing a critical gap as enterprises race to automate network operations.

2 Sources

06 May 2026

Ethos Raises $22.75M from a16z for AI Expert Network with Voice-Powered Onboarding

London-based Ethos has secured $22.75 million in Series A funding led by Andreessen Horowitz to expand its AI-driven expert network. Founded by ex-DeepMind and McKinsey alumni, the platform uses voice-powered onboarding to create rich professional profiles, matching domain experts with companies more effectively than traditional networks like GLG.

2 Sources

DeepSeek valuation surges to $45 billion as China's Big Fund leads first investment round

DeepSeek, the Chinese AI lab known for cost-effective large language models, is raising its first venture capital funding at a valuation that skyrocketed from $20 billion to $45 billion in just weeks. China's state-backed semiconductor fund is leading the round, signaling Beijing's strategic push for AI self-sufficiency amid US technology restrictions.

6 Sources

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