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Fireworks Raises $1.5bn to Sell the Build-Your-Own AI Pitch
Fireworks AI closed a $1.5bn Series D at a $17.5bn valuation, betting enterprises will build their own models rather than rent from OpenAI or Anthropic.
Section / Startups
Startups.
The Revision reporting on Startups — 42 stories on the wire, decoded into one clear voice.
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Startups
Chamath Palihapitiya Raises $135M for a Stealth AI Coder
The investor-turned-CEO hasn't named the company or disclosed what it builds, but someone cut a nine-figure check anyway.
Startups
Momenta Opens $752M Hong Kong IPO at $9B Valuation
The GM-backed self-driving software firm is seeking up to $752 million on the Hong Kong exchange to fund AI research and robotaxi expansion.
Startups
SpaceX Plans a Starlink Mobile Network to Rival Verizon and AT&T
SpaceX told investors it plans to launch a retail Starlink mobile service in the US, putting it in direct competition with Verizon, AT&T, and T-Mobile.
Startups
OpenAI in No Rush to Go Public
OpenAI is leaning toward pushing its IPO past 2026, a signal that the company sees little urgency despite its towering valuation.
Startups
General Intuition Raises $320M to Train AI on Gameplay Data
The startup is betting that millions of hours of action game footage can teach AI agents the kind of situational judgment that lab benchmarks can't.
Startups
Airwallex Raises $320M, Bets on AI Agents Handling Your Money
The payments firm's Series H values it at $11bn, up from $8bn six months ago, as it pivots toward so-called autonomous finance.
Startups
Alan Raises €480M at €5.5bn to Push AI-Driven Health Insurance
The Paris insurtech secured a €480M round led by Prosus just months after its last raise, betting AI prevention tools can upend how health insurance works.
Startups
SpaceX Stock Drops Five Days Straight, Musk Loses Trillionaire Status
After peaking at $225 a share following its record IPO, SpaceX has shed enough value to push Musk's net worth below $1 trillion.
Startups
RunPod Raises $100M at $1B Valuation Amid AI Compute Crunch
The GPU cloud startup hit unicorn status after a tenfold valuation jump in under two years, turning down buyout offers above $500M along the way.
Startups
Riviera Partners Buys AI Recruiting Firm Lateral Labs
The Insight Partners-backed executive search firm absorbs Lateral Labs and its roster of AI-native clients including Cursor, ElevenLabs, and Runway.
Startups
Agility Robotics Eyes Public Markets in $2.5B SPAC Deal
The humanoid robotics startup spun out of Oregon State is going public via SPAC, targeting $620 million in proceeds.
Startups
Hadrian Automation Reportedly Seeks $1B at $7.5B Valuation
A Bloomberg report puts the defense-factory startup in talks for a $1B raise — which Hadrian says is inaccurate — as physical-AI money keeps piling up.
Startups
Slate's Electric Truck Starts at $24,950
Slate has announced a $24,950 starting price for its electric pickup, but specs like range and payload are nowhere on the site.
Startups
Dutch Firm Bets $5.8B That Boring Software Still Wins
Main Capital closed a €5.25bn fund — the Netherlands' largest ever — on the thesis that unglamorous enterprise software outlasts AI hype.
Startups
Menlo Ventures Raises $3bn Off a Single Anthropic Bet
The 50-year-old VC firm's record fundraise is built almost entirely on the back of its Anthropic position, now worth around $14bn.
Startups
Bezos-Backed Slate Auto Prices Its Bare-Bones EV Truck at $24,950
Slate Auto revealed full pricing for its debut electric truck and SUV variant, with the base truck undercutting most rivals at $24,950.
Startups
Registering a Company in Germany Took 152 Days and €9,600
One developer's documented account of registering a business in Germany: €9,600 spent, 152 days elapsed, and still no invoices sent.
Startups
Stark Defence Hits €3.5B Valuation After €500M Raise
The Berlin strike-drone startup, founded just two years ago, tripled its valuation in months with backing from Sequoia and Founders Fund.
Startups
Plaud Hits $100M ARR With 2M AI Notetakers Shipped
Plaud turned 2 million physical AI recorders into a $100M ARR software business, in one of tech's most crowded categories.
Startups
Respond.io Raises $62.5M to Push AI Messaging Into Western Markets
The Malaysian startup charges per conversation, not per seat, and wants to buy its way into North America and Europe.
Startups
SpaceX's S-1 Is Half Rocket Company, Half AI Pitch Deck
The filing targets a $1.75 trillion valuation, absorbs xAI into the story, and claims a larger AI market than SpaceX has ever touched.
Startups
Pleo Unveiled AI Agents for Finance, Then Cut 50 Engineers Next Day
The Danish fintech announced agentic AI for finance teams on June 11; the next day it cut around 50 engineers and data workers.
Startups
Equal AI Raises $30M to Answer India's Spam Call Problem
The Indian startup's AI call-screening service targets a country where 20 unsolicited calls a week is unremarkable.
Startups
Quantum Space Pursues $1.2B SPAC to Build Military Spacecraft
The startup is betting that defense demand can resuscitate a deal structure that mostly imploded after its 2021 peak.
Startups
Coram AI Raises $35M to Turn Security Cameras Into Investigators
The San Francisco startup wants to layer AI onto cameras organizations already own, skipping the costly hardware rip-and-replace that usually comes with physical security upgrades.
Startups
India's Starlink Reversal Complicates SpaceX's IPO
The Indian government's abrupt change of heart on Starlink arrives just as SpaceX needs a clean growth story for public investors.
Startups
Cambridge Aerospace Eyes $300M at $3.5bn, Up Ninefold in a Year
The drone-intercept startup's valuation has multiplied almost nine times in twelve months, reflecting Europe's defence-tech spending surge.
Startups
Nourished Pulls £14M From a Brewer, a Beverage Giant, and a Hospital
Rem3dy Health raised £14M at an £84M valuation — but the investor list reads more like a distribution network than a cap table.
Startups
Donut Lab's Solid-State Battery Claim Falls Apart
Third-party tests say Donut Lab's battery uses conventional lithium-ion chemistry, not the solid-state tech its $1.25B valuation is built on.
Startups
Spin Co-Founder Raises $5M to Build Data Centers in Space
Euwyn Poon, who helped scale Spin's e-scooter fleet to 250,000 units, is betting his next act is orbital compute.
Startups
Intuned Turns Browser Automation Into Self-Healing Code
The YC-backed startup uses an AI agent to write and auto-repair browser scrapers, targeting the maintenance problem that makes most RPA projects brittle.
Startups
Moonshot AI's Valuation Jumped 7x in Six Months
The Kimi chatbot maker is raising up to $2 billion at a $30 billion target, six months after investors priced it at $4 billion.
Startups
Lovable goes 5x on Google Cloud, gets more Claude access
The AI app builder signed a multiyear Google Cloud agreement that will quintuple its infrastructure footprint and deepen its access to Anthropic's models.
Startups
Partiful Adds In-App Ticketing in Its First Monetization Play
The social event app is letting hosts sell tickets directly in the platform, its first step toward actually making money.
Startups
The European startups insiders are watching beyond Lovable and Mistral
A new list highlights European startups that aren't getting the same attention as the two biggest names, but insiders say they're worth tracking.
Startups
This startup says sound waves can stop kitchen fires
A new acoustic fire suppression system hits the market, but firefighters and engineers aren't convinced it can replace sprinklers.
Startups
Replit CEO would 'rather not sell' amid Cursor acquisition buzz
Amjad Masad says Replit isn't for sale, but left the door open as AI coding tools spark a consolidation wave.
Startups
Musely raises $360M debt to fuel customer acquisition
The DTC beauty brand takes on non-dilutive capital instead of equity, betting it can afford the debt load.
Startups
Subscription billing startup Skio fetches $105M in sale to Recharge
The Y Combinator-backed company raised just $8M over its lifetime but commanded a 13x multiple in its exit to a competitor.
Startups
Anthropic targets $900B valuation in lightning-fast fundraise
The AI startup is giving investors 48 hours to commit to what would be the largest private market round in tech history.
Startups
Legora Reaches $5.6B as Legal AI Rivalry Heats Up
The legal AI space just got more crowded as Legora's valuation soars and its rivalry with Harvey intensifies.