RapidSOS just hit unicorn status with a $100 million Series D funding round. The company’s AI platform helps first responders handle 500,000 emergencies daily across 22,000 agencies. It all started from a scary subway encounter back in 2012.
AlixLabs has closed a €15 million Series A funding round to accelerate development of its Atomic Layer Etching Pitch Splitting technology. The funding will enable beta testing with key customers starting in 2026, targeting manufacturing implementation by 2027. The technology promises to dramatically
Beehiiv is expanding its platform with digital products, AI site building, and enhanced analytics while maintaining its controversial no-revenue-share model. The company believes creators are ready to prioritize net income over features as the market professionalizes. This challenges the industry st
The Federal Deposit Insurance Corporation has filed a countersuit against Capital One, claiming the bank underpaid nearly $100 million for the Silicon Valley Bank and Signature Bank bailouts. This comes two months after Capital One sued the FDIC, alleging overcharging. The dispute centers on whether
Jeff Bezos is returning to a CEO role with Project Prometheus, a secretive AI startup that’s already secured $6.2 billion in funding. The venture will focus on AI applications in engineering and manufacturing sectors and has recruited 100 employees from top tech companies.
Amazon founder Jeff Bezos is returning to an operational role as co-CEO of AI startup Project Prometheus. The company has secured $6.2 billion in funding and will focus on AI for engineering and manufacturing. Bezos’ return marks his first CEO position since handing Amazon to Andy Jassy in 2021.
French spacetech startup Infinite Orbits has raised €40 million to expand across Europe. The company specializes in satellite refueling, repair, and life extension services. They’ve secured €150 million in contracted revenue over the next three years.
Top tech executives at Web Summit openly admitted the AI sector is experiencing a classic investment bubble. Despite acknowledging the unsustainable spending, most see it as a necessary phase that will ultimately produce transformative technologies.
VC Erica Wenger is rejecting unicorn culture with her new $4.3 million fund. She’s hunting “elephants” – resilient companies with solid fundamentals rather than chasing ephemeral billion-dollar valuations. Her Park Rangers Capital takes a humble approach where VCs are stewards, not stars.
Winston Weinberg started using GPT-3 for Dungeons & Dragons before realizing it could transform legal work. Now his company Harvey is valued at $8 billion and counts most top US law firms as clients. The journey began with a cold email to Sam Altman on July 4th.
