Lovable, the Swedish vibe-coding startup, is in talks to raise $300m at a $13.2bn post-money valuation, Sifted reports, citing two people familiar with the deal. The figure would roughly double the $6.6bn valuation it commanded at its $330m Series B in December. The round is still under discussion rather than done, so the numbers could shift, and […]
Amazon has gone back to the debt markets for at least $25bn, its largest bond sale of the year and the clearest sign yet of how much the company is prepared to borrow to keep pace in the artificial intelligence race. The offering is split across eight tranches with maturities running from 2029 out to […]
SpaceX just joined the Nasdaq 100. On the same day, one Wall Street analyst put a $10.5 trillion price tag on it. A famed investor put the odds of a crash at 90 per cent. SpaceX has plenty of admirers on Wall Street. None goes further than Raymond James analyst Brian Gesuale. He opened coverage […]
Geothermal used to mean shallow wells and modest heat. Quaise wants to drill kilometres down and blast the rock with microwaves, and it just raised $134 million to try. Quaise Energy has raised $134 million to drill for superhot rock deep underground, Bloomberg reports. Prelude Ventures led the first close of the Series B, the […]
Most AI legal startups sell software to law firms. Norm Ai built its own firm instead, and investors just valued the bet at $1.2 billion. Norm Ai has raised $120 million in a Series C round that values the New York startup at $1.2 billion, Bloomberg first reported. Khosla Ventures, an early backer of OpenAI, […]
Axos is buying Arc Technologies, an AI-native fintech that banks tech startups, and bolting its software onto a chartered bank. Axos Financial, a US digital bank with about $29bn in assets, has agreed to acquire Arc Technologies, the company announced. Arc runs a financial platform for technology and growth companies, bundling cash management, debt financing, […]
AI agents can write code and answer questions, but they still fall apart on long, messy jobs. A Mountain View startup just raised $40M to build the training grounds that fix that. Bespoke Labs, which builds the environments that train and test AI agents, has raised $40 million, the company announced. The total spans a […]
Expeditions, the Warsaw-based venture firm backed by BAE Systems and the NATO Innovation Fund, has closed a €197m ($225m) fund to back the next wave of European defence startups. The raise caps a boom that has seen defence prime BAE commit €50M to outside VCs and venture capital pour into the continent’s defence tech at record speed. The […]
Luffy AI, an Abingdon startup building what it calls neuroplastic AI for the real-time control of physical machines, has raised £8.1m in a Series A round, the company said on Tuesday. The round was led by BGF, which bills itself as the most active equity investor in the UK and Ireland, and the money is […]
Nscale has closed a $900m revolving credit facility, a standing pool of borrowing it will draw on to speed up its data-centre build-out across the US, Europe, and Asia-Pacific, the company said on Tuesday. The London firm, which raised $2bn in a Series C at a $14.6bn valuation in March, is now stacking debt almost as […]
