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29 Jun 2026

Momenta IPO seeks $752M in Hong Kong to fuel AI research and robotaxi expansion

GM-, Toyota- and Mercedes-backed Momenta has launched its Hong Kong IPO targeting up to $752 million, valuing the self-driving software firm at nearly $9 billion. The company plans to allocate 60% of proceeds to AI research and development, with another 20% earmarked for robotaxi rollout as it competes in China's crowded autonomous vehicle market.

2 Sources

26 Jun 2026

General Intuition raises $320 million to build AI models that act in the physical world

General Intuition, a frontier AI lab, has secured $320 million in funding led by Khosla Ventures, with participation from Jeff Bezos and General Catalyst. The startup is training large action models using billions of gameplay clips from Medal's 17 million monthly users, aiming to create AI systems that can perceive environments and take real-time actions in both virtual and physical spaces.

2 Sources

Airwallex hits $11 billion valuation as fintech pivots to autonomous finance run by AI agents

Airwallex raised $320 million at an $11 billion valuation, marking a 38% jump in just six months. The global payments firm is betting heavily on autonomous finance and agentic commerce, launching two AI-native products designed to automate corporate finance functions and enable AI agents to transact on behalf of users. The move positions Airwallex in a competitive race against Stripe, OpenAI, and other major players building payment infrastructure for the emerging agentic economy.

5 Sources

DeepSeek launches massive hiring spree to double workforce after $7.4 billion funding round

Chinese AI company DeepSeek announced plans to double the size of all departments following a $7.4 billion fundraising round. The hiring push targets technical and engineering talent as the company shifts from pure research toward commercialization, intensifying China's AI talent war with rivals like ByteDance and Xiaomi actively poaching staff.

5 Sources

Patronus AI Raises $50M to Build Digital Worlds That Stress-Test AI Agents Before Deployment

Patronus AI has secured $50 million in Series B funding to expand its simulated testing environments for AI agents. Founded by former Meta AI researchers, the company builds digital world models that replicate real websites and systems, allowing developers to stress-test AI agents using reinforcement learning before they handle complex tasks like financial analysis or software engineering.

4 Sources

25 Jun 2026

Scaled Cognition raises $100M from Khosla to eliminate AI hallucinations with new architecture

Scaled Cognition, a Mountain View AI lab, has secured $100 million in Series A funding led by Khosla Ventures at a $750 million valuation. The startup claims its Agentic Pretrained Transformer model eliminates hallucinations by engineering reliability into the architecture, not bolting it on afterward. Fortune 500 companies in finance, healthcare, and insurance are already using the system.

2 Sources

Netris raises $15M Series A from a16z to automate networks for AI neoclouds launching GPU clusters

Santa Clara startup Netris has raised $15 million in Series A funding from Andreessen Horowitz to automate the networking layer inside GPU data centers. The company reports 800 percent annual revenue growth and is now live at more than 35 GPU clusters worldwide, serving operators like Lightning AI, Foxconn, HPE, and TensorWave. The funding addresses a critical bottleneck in AI infrastructure where expensive GPUs sit idle for months during network configuration.

2 Sources

Sail Research raises $80M to slash costs for running AI agents by up to 10 times

Sail Research, founded by ex-Apple and ex-NVIDIA engineers, has emerged from stealth with $80 million in funding to tackle one of AI's most expensive problems. The startup claims it can serve tokens at up to 10 times lower cost by building AI infrastructure specifically for autonomous AI agents that run for hours or days, rather than quick chatbot exchanges.

2 Sources

Runpod raises $100M at $1 billion valuation as AI developers scramble for computing power

Runpod has raised $100M in Series A funding led by Summit Partners, achieving a $1 billion valuation—a tenfold jump in under two years. The cloud startup rents AI computing power to over one million developers, offering a full-cycle platform for experimentation, training, and deployment. The company rejected buyout offers worth more than $500M to stay independent.

2 Sources

Indian Government Set to Acquire Minority Stake in Sarvam AI Through IndiaAI Mission Support

The Indian government could secure a 1-2% stake in AI startup Sarvam as part of its $300 million funding round, marking a rare instance of direct equity holding in a private AI company. The stake stems from compute infrastructure provided under the IndiaAI Mission, where compulsorily convertible debentures will convert to equity at a $1.5 billion valuation.

2 Sources

Ornn raises $33M to transform AI compute into a tradable commodity like oil

MIT graduates launch Ornn with $33 million in seed funding to create the world's first compute marketplace. Led by a16z crypto and Galaxy Ventures, the platform aims to bring transparency to GPU pricing and let companies trade AI compute capacity like commodities. Intercontinental Exchange plans to use Ornn's index for futures contracts.

2 Sources

Vishal Sikka's Hang Ten Systems raises $32M to challenge IT services with enterprise AI

Former Infosys CEO Vishal Sikka has launched Hang Ten Systems, securing $32 million in seed funding led by Mayfield. The enterprise AI startup aims to replace traditional IT services with AI-driven development and automation, already working with clients like Siemens Gamesa and Fresenius just a month after launch.

3 Sources

Seltz Raises $12.5 Million to Build Search Engine Optimized for AI Agents

Agentic infrastructure startup Seltz has secured $12.5 million in seed funding to build a search engine designed specifically for AI agents rather than humans. Founded by former Amazon AI scientist Antonio Mallia, Seltz owns its entire search stack and crawls hundreds of millions of pages daily, returning results in under 200 milliseconds. The startup enters a competitive field with rivals like Parallel and Exa that have raised significantly more capital.

2 Sources

24 Jun 2026

Syndio makes first acquisition, betting on agentic AI to transform pay equity decisions

Seattle-based pay equity startup Syndio acquired Embrace.ai in its first-ever acquisition after nine years. The Austin-based agentic AI startup's team will help Syndio accelerate its AI-powered compensation platform, bringing governance-first enterprise AI expertise to help nearly 400 global companies make better pay decisions in real time.

2 Sources

Taktile raises $110M from Goldman Sachs to automate high-stakes financial decisions with AI

Berlin-and-New-York startup Taktile has raised $110 million in a Series C round led by Goldman Sachs Alternatives to automate critical banking and insurance decisions. The company's AI-driven Agentic Decision Platform enables financial institutions to hand over underwriting, claims processing, and fraud detection to AI agents while maintaining human oversight and control.

4 Sources

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