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Hark raises $700M Series A for AI hardware as Brett Adcock bets big on consumer AI devices

Hark, an AI lab founded by Brett Adcock, secured $700 million in Series A funding at a $6 billion valuation to develop AI hardware and multi-modal models. The startup plans to launch its first models this summer, followed by consumer devices designed to serve as a universal interface with the digital world, despite revealing few details about its products.

Startups4 sources

Hark raises $700M Series A for AI hardware as Brett Adcock bets big on consumer AI devices

Startups4 sources

Trump administration seeks to supercharge US AI exports with billions in EXIM financing

The Trump administration has launched a major initiative to underwrite US AI exports with billions in federal financing through the Export-Import Bank. The ExportAI Initiative aims to expand American AI leadership globally by providing loan guarantees and direct loans for foreign purchases of US-built full-stack AI packages, positioning the US to compete with China in the global AI race.

Policy2 sources

Trump administration seeks to supercharge US AI exports with billions in EXIM financing

Policy2 sources

Manus founders seek $1 billion to reverse Meta acquisition after Chinese regulatory block

Manus co-founders are exploring a $1 billion funding round to buy back their AI startup from Meta after China ordered the unwinding of the $2 billion-plus acquisition. The move highlights escalating US-China tech tensions and Beijing's willingness to enforce investment rules on companies with Chinese origins, even those relocated to Singapore.

Business2 sources

Manus founders seek $1 billion to reverse Meta acquisition after Chinese regulatory block

Business2 sources

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.

Startups2 sources

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

Startups2 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.

Startups2 sources

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

Startups2 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.

Startups4 sources

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

Startups4 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.

Startups3 sources

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

Startups3 sources

French consortium bids $10bn for EU AI gigafactory as Europe races to close gap with US and China

A French consortium led by Scaleway has submitted a $10 billion bid to build one of the EU's planned AI gigafactories, proposing a 200-megawatt facility with GPU clusters equivalent to over 288,000 Nvidia H100s. The AION consortium brings together major French tech players including Iliad, Hugging Face, and Mistral-adjacent partners, positioning France as a single-country bidder against multi-state proposals from Spain, Germany, and the Netherlands under the EU's €20 billion InvestAI Facility.

Technology3 sources

French consortium bids $10bn for EU AI gigafactory as Europe races to close gap with US and China

Technology3 sources

OpenAI Barrels Toward IPO That Could Value Company at $1 Trillion by September

OpenAI is preparing to file confidentially for an initial public offering within days or weeks, with CEO Sam Altman targeting a September public debut. Working with Goldman Sachs and Morgan Stanley, the ChatGPT creator's move comes just days after defeating Elon Musk's lawsuit and could trigger a Wall Street race among AI companies including SpaceX and Anthropic.

Business7 sources

OpenAI Barrels Toward IPO That Could Value Company at $1 Trillion by September

Business7 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.

Business3 sources

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

Business3 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.

Startups3 sources

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

Startups3 sources

CircuitHub raises $28M from Plural to scale automated PCB manufacturing across US and Europe

CircuitHub has raised $28 million led by Plural to expand its automated electronics manufacturing facilities that produce circuit boards in days instead of months. The Cambridge-rooted company has delivered over 2 million boards to 20,000 engineers and now plans to build Grid facilities across Europe and the US, targeting the underserved small-batch PCB market worth nearly $1 trillion.

Business2 sources

CircuitHub raises $28M from Plural to scale automated PCB manufacturing across US and Europe

Business2 sources

OpenAI plants first overseas applied AI lab in Singapore with $235 million commitment

OpenAI is opening its first applied AI lab outside the United States in Singapore, committing over $235 million and scaling to 200 staff. The facility will focus on deploying AI systems across public sector, finance, healthcare, and digital infrastructure—aligning with Singapore's National AI strategy and positioning the city-state as a regional hub for AI innovation.

Business6 sources

OpenAI plants first overseas applied AI lab in Singapore with $235 million commitment

Business6 sources

Singapore secures major AI partnerships with Google and OpenAI, $234M investment announced

Singapore has signed separate agreements with Google and OpenAI to strengthen its position as a global AI hub. OpenAI will invest over $234 million and establish an AI lab in the city, while Google's partnership focuses on healthcare, workforce development, and scientific research through its DeepMind lab.

Business2 sources

Singapore secures major AI partnerships with Google and OpenAI, $234M investment announced

Business2 sources

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.

Startups2 sources

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

Startups2 sources

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