Unconventional, Inc. Targets $5B Valuation with AI Hardware Innovation
Naveen Rao's new startup, Unconventional, Inc., aims to raise $1 billion at a $5 billion valuation, with backing from Andreessen Horowitz, Lightspeed, and Lux Capital.
Financial movements in the AI ecosystem, including venture capital investments, strategic acquisitions, IPO's and funding rounds for AI companies.
Naveen Rao's new startup, Unconventional, Inc., aims to raise $1 billion at a $5 billion valuation, with backing from Andreessen Horowitz, Lightspeed, and Lux Capital.
Aisthesis Medical has raised $1.2 million in pre-seed funding to advance its AI-powered platform for predicting sepsis in hospitals.
OncoC4, a biotechnology company, has closed a Series B financing round of nearly $50 million to advance its pipeline of cancer therapies, announced in a press release.
Paris-based Clarifeye has raised €4 million in a pre-seed round led by EQT Ventures to develop AI agents that replicate expert knowledge, addressing challenges in sectors like law and life sciences.
Alpine Intel has announced the acquisition of HMI, enhancing its data-driven solutions for insurance carriers. The acquisition aims to integrate HMI's specialized outdoor property claim services with Alpine Intel's existing offerings.
Yasp, a German DeepTech startup, has raised $5 million in seed funding led by Capnamic to accelerate the development of its Agentic AI Compiler, aimed at optimizing AI model training and deployment.
OpenAI has finalized a $6.6 billion secondary share sale, valuing the company at $500 billion and surpassing SpaceX as the most valuable privately held company.
Perplexity AI has acquired Visual Electric, an AI-based image and video generation platform, to develop new consumer product experiences. Visual Electric will wind down its operations over the next 90 days.
Thoma Bravo plans to restructure PROS Holdings by separating its travel and B2B segments, following the acquisition expected to close in Q4 2025.
Hamilton Lane has introduced the Hamilton Lane Global Venture Capital and Growth Fund, an evergreen investment vehicle targeting private market opportunities, as announced in a press release.
SEMIFIVE has received preliminary approval for its KOSDAQ listing, with Samsung Securities and UBS as joint lead underwriters.
Eve, a San Francisco-based legal AI startup, has raised $103 million in a funding round led by Spark Capital, reaching a $1 billion valuation.
Warsaw-based Orbotix has raised €6.5 million to advance its AI-powered autonomous drone systems, focusing on drone swarming technology and expanding manufacturing in the EU.
Accenture has announced its intent to acquire the French Orlade Group to enhance its capabilities in managing large-scale capital projects across various sectors.
Paid, a startup founded by Manny Medina, has raised $21.6 million in a seed round led by Lightspeed Venture Partners to develop infrastructure for AI agent monetization.
Alex, an AI recruiting startup, has raised $20 million to improve its AI capabilities and expand its team, as announced in a press release. The funding includes a $17 million Series A round led by Peak XV Partners.
Periodic Labs, founded by former OpenAI and DeepMind researchers, has raised $300 million to develop AI-driven scientific discovery tools, according to The New York Times.
Rebellions Inc., a South Korean AI chip startup, has raised $250 million in a Series C funding round, valuing the company at $1.4 billion, according to Bloomberg. The round included participation from Arm Holdings Plc and Samsung Ventures.
AI app builder Anything has secured an $11 million funding round, reaching a $100 million valuation, after achieving a $2 million annualized run rate in just two weeks.
Currency.com, acquired by CXNEST, has appointed new leadership and expanded its U.S. presence, focusing on AI-driven compliance and operational efficiency.