Periodic Labs Raises $300M for AI-Driven Science, Eve Hits $1B Valuation

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Welcome to the latest edition of the AI Funding Brief, where we bring you the most recent developments in the world of AI business funding and investments. This week, we're highlighting significant funding rounds and strategic moves that are shaping the AI landscape. Vibe.co, a French AdTech startup, has secured €42 million to enhance its AI-powered advertising platform for connected TV. Meanwhile, South Korean AI chip startup Rebellions Inc. has raised $250 million in Series C funding, aiming to expand its global market presence.

In other notable news, Periodic Labs, founded by former OpenAI and DeepMind researchers, has raised $300 million to develop AI systems for automating scientific experiments. Additionally, Eve, a legal AI startup, has achieved a $1 billion valuation after securing $103 million in Series B funding. These stories, among others, underscore the dynamic growth and innovation within the AI sector, driven by substantial investments and strategic partnerships.

Eve AI Startup Reaches $1 Billion Valuation with New Funding

Eve, a legal AI startup based in San Francisco, has secured $103 million in Series B funding, bringing its valuation to $1 billion. The company supports over 450 law firms with case evaluation, document drafting, and discovery management. Read more

Hamilton Lane Launches $13B AI-Focused Venture Fund

On October 1, 2025, Hamilton Lane announced a new $13 billion fund targeting growth and venture opportunities in AI and disruptive technologies across global private markets. Read more

OpenAI Completes $6.6 Billion Share Sale

OpenAI has completed a secondary share sale of $6.6 billion, valuing the company at $500 billion. This positions OpenAI as the most valuable privately held company, surpassing SpaceX. Read more

DualEntry Secures $90M to Compete in ERP Market

AI startup DualEntry has raised $90 million in a Series A funding round to enhance its position in the ERP market against major competitors like Oracle, Sage, and Acumatica. Read more

Legora Seeks $1.8 Billion Valuation in New Funding Round

The Stockholm-based legal AI startup Legora is in discussions to secure $100 million to $150 million in funding, aiming for a $1.8 billion valuation. This comes shortly after their Series B round, with Bessemer Venture Partners leading the investment. Read more

Nscale Secures $433 Million in Pre-Series C Funding

Nscale, a London-based AI infrastructure provider, has raised $433 million in a pre-Series C funding round. This follows a recent announcement of a record $1.1 billion Series B funding, with key investors including Blue Owl, Nvidia, Dell, and Nokia. Read more

Cisco Invests in AI Startup Fleak.ai

Cisco Systems has invested in Fleak.ai, a startup focused on AI-powered data translation for enterprises. This move aligns with Cisco's strategy to advance AI innovations. Read more

Unconventional, Inc. Seeks $5B Valuation with Andreessen Horowitz Backing

Naveen Rao, former AI head at Databricks, is raising $1 billion for his startup, Unconventional, Inc., which is developing a new type of computer. The company is supported by Andreessen Horowitz and other investors. Read more

Supabase Reaches $5 Billion Valuation with Series E Funding

On October 3, 2025, Supabase announced it has achieved a $5 billion valuation after securing $100 million in Series E funding led by Accel and Peak XV. Read more

Feedzai Raises $75 Million for AI Financial Crime Platform

On October 2, 2025, Feedzai announced a $75 million funding round, boosting its valuation to over $2 billion. The funds will enhance its AI-driven platform for preventing financial crime. Read more

Cerebras Systems Withdraws IPO After $1.1 Billion Funding

Cerebras Systems Inc., an AI chip maker, has withdrawn its IPO registration following a $1.1 billion funding round, valuing the company at $8.1 billion. The decision comes after a delay due to a U.S. national security review, though the company still plans to go public in the future. Read more

OpenAI CEO Seeks Funding for Infrastructure Expansion

OpenAI CEO Sam Altman is touring East Asia and the Middle East to secure financial and manufacturing partnerships to boost the company's computing capacity. He is engaging with major suppliers and investors to support OpenAI's infrastructure growth. Read more

Mercor Inc. Valued at $10 Billion in New Funding Round

Investors have proposed a $100 million funding round for Mercor Inc., valuing the AI data startup at over $10 billion. This marks a significant increase from its previous valuation. Read more

Heidi Health Secures $65 Million in Series B Funding

Heidi Health, an AI startup from Melbourne, has raised $65 million in a Series B funding round led by Point72 Private Investments and Blackbird Ventures, increasing its valuation to $465 million. The company plans to expand its operations and workforce globally. Read more

Harvey Secures €50M for Global Expansion

Harvey, a legal AI startup, has raised €50 million from EQT Growth to support its international expansion. The funding will enhance its AI solutions and expand its presence in Europe and Asia. Read more

Global Venture Capital Funding Surges 38% in Q3 2025

According to a report by Crunchbase Inc., global venture capital funding reached $97 billion in the third quarter of 2025, a 38% increase from the previous year, driven largely by investments in artificial intelligence. Read more

Vibe.co Secures €42 Million for AI TV Ads

French AdTech startup Vibe.co has raised €42 million in Series B funding to enhance its AI-powered advertising platform for connected TV. Read more

Rebellions Inc. Secures $250 Million in Series C Funding

South Korean AI chip startup Rebellions Inc. has raised $250 million in a Series C funding round, reaching a valuation of $1.4 billion. The investment will support the mass production of its Rebel-Quad AI accelerator and expansion into new markets. Read more

Periodic Labs Secures $300M for AI-Driven Scientific Discovery

Periodic Labs, founded by former OpenAI and DeepMind researchers, has raised $300 million in seed funding. The company aims to use AI to automate scientific experiments and discover new materials, with a focus on superconductors. Read more

Mergers & Acquisitions

Meta plans to acquire the chip startup Rivos to enhance its semiconductor capabilities, focusing on RISC-V architecture. Meanwhile, Accenture is set to acquire the French company Orlade Group to strengthen its project management services in energy and defense sectors across Europe and North America.

IPO's & Market Moves

SEMIFIVE has been approved for a KOSDAQ listing, aiming to bolster its position in the AI semiconductor market. Meanwhile, DeepL is planning a US IPO with a $5 billion valuation goal, potentially launching next year.

Startup Funding

Composite has secured $5.6 million from NFDG to develop a tool for automating tasks across web browsers, while Alex, an AI recruiting startup, has raised $20 million to enhance its AI capabilities and expand its team, aiming to improve the hiring process.

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Periodic Labs Raises $300M for AI-Driven Science, Eve Hits $1B Valuation - AI Funding Brief #34

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