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21 May 2026

Pivot raises $40M Series B to push agentic-AI deeper into enterprise procurement workflows

Paris and New York-based Pivot Technologies SAS has secured $40 million in Series B funding to expand its agentic-AI procurement platform. The startup, founded in 2023, processes $3 billion in invoices annually and counts DoorDash, Lemonade, and Flix among its enterprise customers. The funding will deepen ERP integrations and push the platform into more enterprise markets as legacy software continues to leave procurement teams struggling with fragmented data.

2 Sources

Imperagen raises £5M to transform enzyme engineering with quantum physics and AI modeling

Manchester-based biotech company Imperagen secured £5 million in seed funding to accelerate enzyme engineering using quantum physics-based simulations and AI modeling. The techbio spin-out from University of Manchester has already achieved 677x performance improvements for a Fortune 500 client, demonstrating how its closed-loop system could reshape pharmaceutical manufacturing and sustainable production.

2 Sources

NanoClaw creators reject $20M buyout, raise $12M seed round in six weeks after viral launch

Brothers Gavriel and Lazer Cohen turned down a $20 million acquisition offer for NanoClaw, their secure open source AI agent. Instead, they raised an oversubscribed $12 million seed round led by Valley Capital Partners, with backing from Docker, Vercel, and Hugging Face CEO Clem Delangue. The enterprise-grade agentic AI assistant went from first code to term sheet in just six weeks.

4 Sources

Exa raises $250M at $2.2B valuation to build search engine for AI agents, not humans

Exa has raised $250 million in Series C funding led by Andreessen Horowitz at a $2.2 billion valuation. The startup builds AI-powered search infrastructure specifically optimized for AI agents rather than human users, serving over 400,000 developers and 5,000 companies including Cursor, Cognition, and HubSpot.

3 Sources

Sam Altman offers $2 million in OpenAI tokens to every Y Combinator startup for equity

OpenAI CEO Sam Altman announced a deal to invest $2 million worth of API tokens in every startup in Y Combinator's current batch, exchanging AI infrastructure credits for equity through an uncapped SAFE agreement. The offer covers approximately 169 startups and aims to reduce AI costs while building OpenAI's early-stage portfolio.

3 Sources

Primer secures $100M Series C to expand AI payments infrastructure and scale US operations

London-based payments startup Primer has raised $100 million in Series C funding to accelerate its AI-powered payment platform and expand US operations. Led by Sofina and Peak XV Partners, the investment will fuel development of autonomous AI agents that optimize payment decisions across fragmented systems, while supporting plans to grow US revenue to over a third of total business by 2028.

3 Sources

19 May 2026

Healthcare AI firm Commure raises $70M at $7B valuation to expand automated operations platform

Commure, a healthcare AI platform, secured $70 million in funding at a $7 billion valuation, led by General Catalyst. The company's agentic AI automates administrative work across healthcare systems, completing over 85% of tasks without human intervention. Commure operates in more than 500 healthcare organizations and plans to expand its AI infrastructure into global markets.

2 Sources

Unframe raises $50M from Highland Europe after hitting $100M in contract value in 12 months

Unframe, the enterprise AI delivery platform co-founded by Shay Levi, has raised $50 million led by Highland Europe, doubling its total funding to $100 million. The company crossed $100 million in total contract value within 12 months of launch and reports 400% net revenue retention across Fortune 500 customers.

2 Sources

Mistral AI acquires physics startup Emmi AI to strengthen European industrial footprint

France's Mistral AI has acquired Vienna-based Emmi AI, a startup specializing in physics-based AI models for industrial applications. The deal strengthens Mistral's push into aerospace, automotive, and semiconductor manufacturing, where physics-aware AI can simulate airflow, heat transfer, and material stress in seconds rather than hours.

2 Sources

Sigma Computing raises $80M Series E funding at $3B valuation, pivots to agentic analytics

Sigma Computing has secured $80 million in Series E funding at a $3 billion valuation, doubling its worth in just one year. Led by Princeville Capital with participation from Databricks Ventures, ServiceNow Ventures, and Workday Ventures, the round signals the company's aggressive push into agentic analytics. The San Francisco-based firm now serves over 2,000 customers and reached $200 million in annual recurring revenue.

2 Sources

Decart raises $300M to scale world models and real-time AI across Amazon, Nvidia, and Google chips

Decart raises $300M in funding led by Radical Ventures, with backing from Nvidia, Sequoia, Adobe, and Toyota. The AI research lab is deploying real-time world models across gaming, retail, and robotics, with its Lucy2 model now running on Amazon's Trainium3 chips. The round values the two-year-old company at nearly $4 billion.

2 Sources

18 May 2026

Ondas acquires Israeli defense firm Omnisys for $200M, adding AI battlefield software to portfolio

Ondas Holdings has entered a definitive agreement to acquire Omnisys Ltd., an Israeli developer of AI-powered battlefield orchestration software, for $200 million. The acquisition adds the combat-proven Battle Resource Optimization platform to Ondas' autonomous defense systems portfolio, marking a strategic shift toward software-defined defense technology with capabilities spanning multi-domain warfare environments.

4 Sources

Dust raises $40M to transform enterprise AI from isolated assistants into collaborative agents

Paris-based Dust secured $40M in Series B funding led by Abstract and Sequoia to advance its multiplayer AI platform. The company challenges the single-player AI model where assistants operate in silos, proposing instead a shared workspace where humans and AI agents collaborate with governed access to the same information. With 3,000 organizations, 41,000 monthly active users, and zero customer churn in 2025, Dust is positioning itself as the alternative to traditional copilots.

2 Sources

15 May 2026

Euan Blair's Multiverse hits $2.1bn valuation with $70M raise for AI workforce training push

London-based edtech company Multiverse has secured $70 million in funding at a $2.1 billion valuation to accelerate its AI workforce training expansion across Europe. The Euan Blair start-up, which grew revenue 50% year-on-year, is positioning itself as Europe's AI adoption platform to bridge the gap between AI tools and the workers who need to use them.

3 Sources

Iceotope raises $26M Series B as AI rack densities push past what air cooling can handle

British precision liquid-cooling company Iceotope has closed a $26 million Series B funding round led by Two Seas Capital and Barclays Climate Ventures. The investment comes as next-generation AI hardware drives rack power densities toward 1 MW, a threshold where traditional air cooling and direct-to-chip systems can no longer maintain safe operating temperatures for silicon.

2 Sources

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