Supabase Eyes $5B Valuation, Scintil Photonics Raises $58M, and Alibaba's $3.2B Cloud Expansion

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In this edition of the AI Funding Brief, we're diving into the latest funding and investment news within the world of AI businesses. Supabase is making waves as it seeks a $5 billion valuation in its new funding round, aiming to become the go-to backend for AI-driven applications. Meanwhile, Scintil Photonics has successfully raised $58 million to advance its photonics platform for AI data centers, with backing from major players like NVIDIA and BNP Paribas Développement.

Additionally, Brain Co. has launched with high-profile founders and secured $30 million to help businesses and governments adopt AI solutions. TwinMind, founded by former Google X scientists, has raised $5.7 million for its AI assistant app, while Spinwheel has received a strategic investment from Citi Ventures to expand its AI-powered credit data platform. Stay tuned as we explore these stories and more in this edition.

Supabase Seeks $5B Valuation in New Funding Round

Supabase, an open-source startup, is negotiating new funding to potentially raise its valuation to over $5 billion. The company aims to become the default backend for AI-driven app development, leveraging the trend of 'vibe coding.' Read more

Scintil Photonics Raises $58 Million for AI Data Center Tech

Scintil Photonics, a semiconductor startup in France, has secured $58 million in Series B funding. The investment will enhance their integrated photonics platform for AI data centers. Read more

Jared Kushner Co-Founds AI Startup Brain Co.

Jared Kushner, Elad Gil, and Luis Videgaray have launched Brain Co., an AI startup focused on aiding businesses and governments in adopting AI solutions. The company has secured $30 million in Series A funding and is collaborating with major corporations. Read more

TwinMind Raises $5.7M for AI Assistant App

Three former scientists from Google X have launched TwinMind, securing $5.7 million in seed funding for their AI-powered personal assistant app. The app features ambient speech capture and real-time translation in over 100 languages. Read more

Spinwheel Receives Investment from Citi Ventures

Spinwheel, an AI-powered credit data and payments platform, has secured a strategic investment from Citi Ventures to enhance its growth and expand its services. Read more

AnthroTek Completes AI-Driven £950K Seed Funding

Cambridge-based startup AnthroTek has raised £950,000 in a seed round, marking the UK's first AI-only legal deal using Genie AI's platform. Read more

Perplexity Raises $200M Amid Legal Challenges

AI startup Perplexity has raised $200 million, boosting its valuation to $20 billion. The company is currently facing lawsuits from Encyclopedia Britannica and Merriam-Webster over alleged copyright and trademark infringement. Read more

Fyxer Secures $30M for US Expansion

UK-based AI executive assistant startup Fyxer has raised $30 million in Series B funding to expand its services into the US market, following a successful Series A round earlier this year. Read more

Replit Inc. Secures $250 Million Funding

Replit Inc. has raised $250 million, valuing the company at $3 billion. The funds will support hiring and the launch of a new AI tool, Agent 3. Read more

PixVerse Secures $60 Million in Series B Funding Led by Alibaba

On September 10, 2025, PixVerse announced it raised $60 million in Series B funding led by Alibaba, aiming to boost global adoption of its AI video creation tools. Read more

Mistral AI Founders Become France's First AI Billionaires

The founders of Mistral AI have become France's first AI billionaires after a funding round valued the company at €11.7 billion. Each founder's stake has resulted in a net worth of $1.1 billion. Read more

Nebius Secures $3.75 Billion After Microsoft Partnership

Dutch cloud company Nebius has raised $3.75 billion to enhance its AI infrastructure, following a major partnership with Microsoft for GPU infrastructure development. Read more

MarqVision Raises $48M for AI Brand Protection

AI startup MarqVision has secured $48 million in Series B funding to enhance its AI-driven brand protection platform and expand globally, including into markets like Japan. Read more

Ontra Unveils AI Tools for Legal Processes in Private Equity

Ontra has launched three AI-powered products to assist private equity firms with legal and compliance workflows, following a significant funding round. Read more

Hush Security Unveils Secretless Access Platform with $11M Funding

Hush Security has launched a new platform designed to secure machine identities without traditional vaults, supported by $11 million in funding. The platform offers just-in-time access controls and has already gained interest from Fortune 500 companies. Read more

Interaction Raises $15M for AI Assistant Poke

The Palo Alto startup Interaction has secured $15 million in funding to launch Poke, an AI assistant designed to integrate with messaging platforms like iMessage and WhatsApp. Read more

proteanTecs Secures $51 Million in Series D Funding

Israeli startup proteanTecs has raised $51 million in a Series D funding round, with contributions from strategic investors including Arm, Samsung Catalyst Fund, and Siemens. The funds will support the company's expansion and product development. Read more

CuspAI Raises $100 Million for AI Molecule Search Engine

UK-based startup CuspAI has secured $100 million in Series A funding to advance its AI platform for materials discovery, aiming to accelerate the development of climate solutions. Read more

Vantage Data Centers Secures $1.6 Billion for Asia-Pacific Expansion

Vantage Data Centers has received a $1.6 billion investment from GIC and Abu Dhabi Investment Authority to expand in the Asia-Pacific region. The funding will facilitate the acquisition of a data center campus in Johor, Malaysia, increasing Vantage's capacity in the region. Read more

Labs Investor Group Plans $1B and $100M AI Funds for 2026

Labs Investor Group has announced two new funds, a $1B flagship fund and a $100M early-stage fund, focusing on AI and human-enhancement technologies, set to launch in 2026. Read more

Physical Intelligence Seeks $5 Billion Valuation in New Funding Round

Robotics startup Physical Intelligence is in discussions with investors to raise additional capital, aiming for a valuation of around $5 billion. The company, based in San Francisco, specializes in AI models for robots and has previously raised approximately $470 million. Read more

OpenAI Fund Increases Investment in Adaptive Security

The OpenAI Fund has increased its investment in Adaptive Security to a total of $55 million in Series A funding, emphasizing its support for the company's cybersecurity solutions against AI-driven threats. Read more

DataCrunch Raises $64.6M for AI Factory in Latvia

AI cloud provider DataCrunch has secured $64.6 million in Series A funding to expand its compute platform and build an AI gigafactory in Latvia, focusing on renewable energy-powered resources for EU startups and SMEs. Read more

Reflection AI Targets $5.5 Billion Valuation with New Funding

Reflection AI, backed by Nvidia, is seeking a $5.5 billion valuation through a $1 billion financing round, marking a significant increase from its previous valuation. Read more

LightPath Technologies Receives $8 Million for AI Drone Tech

LightPath Technologies has secured an $8 million investment from Ondas Holdings and Unusual Machines to enhance its AI-driven imaging technology for drones. The funding will aid in the commercialization of this technology. Read more

Eightco Holdings Secures $270M for Worldcoin Strategy

On September 11, 2025, Eightco Holdings Inc. announced the completion of a $270 million private placement to support its Worldcoin cash strategy, involving key institutional investors. Read more

Micro1 Secures $35 Million in Series A Funding

Micro1, a startup specializing in data labeling for AI, has raised $35 million in Series A funding, reaching a $500 million valuation. The company aims to compete with Scale AI by addressing changes in the data market. Read more

Koi Secures $38 Million for Software Security

Cybersecurity startup Koi has secured $38 million in Series A funding to enhance its enterprise software security platform, Supply Chain Gateway. Read more

Apex Secures $200 Million Series D Funding

On September 12, 2025, Apex announced it raised $200 million in Series D funding to enhance its satellite production capabilities. Read more

BRAINR Secures €11 Million for Food Manufacturing Digitization

Lisbon-based startup BRAINR has raised €11 million to enhance the digital transformation of food manufacturing, focusing on AI integration and reducing waste. Read more

Nvidia Invests in QuEra Computing's $230 Million Funding Round

QuEra Computing has secured additional investment from Nvidia's venture capital arm, expanding its Series B funding to $230 million. This supports QuEra's advancements in neutral-atom quantum computing. Read more

Mercor Targets $10 Billion Valuation in Series C

Mercor, an AI training startup, is in talks for a Series C funding round aiming for a valuation over $10 billion, with a $450 million annual run rate. Read more

Higgsfield Secures $50 Million for AI Video Tech

Higgsfield has raised $50 million in a Series A funding round led by GFT Ventures. The funds will be used to enhance its 'Click-to-Video' AI technology aimed at simplifying video creation for social media users. Read more

EcoDataCenter Secures $703M for AI Expansion

EcoDataCenter has obtained $703 million in debt financing from Deutsche Bank to expand its AI data centers in Sweden, focusing on facilities in Falun and Borlänge. Read more

Mergers & Acquisitions

Minute Media has acquired Indian AI startup VideoVerse to enhance its sports content creation and distribution capabilities, while Mitsubishi Electric has acquired Nozomi Networks for approximately USD $1 billion to boost its industrial cybersecurity solutions. These strategic moves highlight the ongoing integration of AI technologies across various sectors.

IPO's & Market Moves

Fermi America has filed for an IPO to support the development of a private grid campus aimed at meeting AI demands. Meanwhile, Alibaba plans to raise $3.2 billion through convertible bonds to expand its cloud computing services and international presence.

Other Funding News

Penguin Ai has raised $29.7 million to enhance its platform for reducing healthcare administrative inefficiencies. Meanwhile, former Amazon and Microsoft engineers have launched Bluejay, an AI startup, securing $4 million in funding from Y Combinator and Floodgate.

Startup Funding

Nuance Labs has raised $10 million to develop an emotionally intelligent AI companion app, while Hello Patient secured $22.5 million to enhance AI technology for patient communication in healthcare. These investments highlight the growing focus on AI applications in emotional intelligence and healthcare communication.

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Supabase Eyes $5B Valuation, Scintil Photonics Raises $58M, and Alibaba's $3.2B Cloud Expansion - AI Funding Brief #31

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IPO's & Market Moves

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Startup Funding

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