Stay up to date with the latest developments in artificial intelligence.
Caris Life Sciences has entered a multi-year collaboration and license agreement with Genentech to identify and validate new oncology targets in solid tumors. The agreement includes $25 million in upfront and near-term payments and up to $1.1 billion in potential milestone payments.
OpenAI has released GPT Image 1.5, a new version of its ChatGPT Images model offering faster generation, improved instruction following, and more precise editing. The update is rolling out to all ChatGPT users and through the API.
Echo has raised $35 million in Series A funding led by N47, bringing its total funding to $50 million within ten months. The company develops AI-driven, vulnerability-free container base images to secure cloud applications.
Databricks has raised more than $4 billion in a Series L round at a $134 billion valuation, while surpassing a $4.8 billion revenue run-rate with over 55% year-over-year growth. The funding will support development of its AI and data products including Lakebase, Agent Bricks, and Databricks Apps.
SEEQC has partnered with Taiwan's Industrial Technology Research Institute to establish a manufacturing line for its Single Flux Quantum superconducting control chips, expanding production capacity for digital quantum computing hardware.
Iron Software reports increased adoption of its IronPDF C# PDF generator as companies prepare for stricter AI documentation and compliance requirements.
Electrosoft Services, Inc. has received a strategic investment from DigitalNet.ai to enhance its AI, digital transformation, and data analytics capabilities. The federal cybersecurity firm will remain majority-owned and continue operating independently under its current leadership.
REI Systems has introduced GovSBIR, an AI-enabled platform designed to modernize the management of federal SBIR and STTR programs, offering automation, compliance checks, and real-time reporting for agencies.
Kilo Code has raised $8 million in seed funding led by Cota Capital, joined by Breakers, General Catalyst, Quiet Capital, and Tokyo Black. The San Francisco-based startup plans to expand its open-source AI coding platform, which integrates with tools like VS Code and JetBrains and supports over 500 models.
Scientific Systems has completed a maritime trial using its OPTIMUS autonomy software to coordinate nine unmanned surface vessels in autonomous missions, demonstrating decentralized AI control for naval operations.
Bühler has partnered with Squirro to enhance its AI ecosystem and accelerate digital transformation across its global manufacturing operations. The collaboration will use the Squirro Enterprise AI Platform to support Bühler’s 2030 Digital Excellence Goals.
Synergy ECP has acquired NetServices, a provider of secure technology solutions for federal environments, strengthening its position in cybersecurity, software engineering, and systems integration for U.S. defense and intelligence agencies.
Synack has introduced Sara Pentest, a new agentic AI product built on its Sara architecture, designed to automate penetration testing and accelerate vulnerability detection across enterprise systems.
Iridium Communications Inc. has been awarded a five-year contract worth up to $85.8 million from the U.S. Space Force to modernize and secure critical satellite service infrastructure supporting the Department of Defense.
V2X, Inc. has been awarded a $980 million indefinite delivery, indefinite quantity contract by the U.S. Air Force Life Cycle Management Center to provide lifecycle support for Automated Test Systems used in global warfighter operations.
Elbit Systems has secured contracts worth about $210 million from the Israel Ministry of Defense to upgrade Merkava Main Battle Tanks over six years, including AI-enhanced electro-optical systems and comprehensive maintenance services.
MDA Space has signed a strategic partnership with the Government of Canada and Telesat to develop and deliver military satellite communications under the Enhanced Satellite Communication Project – Polar.
Darkstrike has appointed four former senior U.S. government officials to its board and advisory team, expanding its leadership in AI safety and cybersecurity.
CAE has secured a $270 million contract with the Australian government to deliver the Future Air Mission Training System for the Royal Australian Air Force. The 10-year agreement will provide advanced synthetic and airborne training at RAAF Base East Sale.
SkyFi has been chosen to join NATO’s Defence Innovation Accelerator for the North Atlantic (DIANA) 2026 Challenge Programme, one of 150 companies selected from 3,600 applicants across 24 NATO nations.
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