AI deals

NY firm Dimension Capital (science × compute; Lux/Obvious alums) announced an $800M Fund III, 60% larger than its $500M Fund II raised 18 months earlier; portfolio: Chai Discovery, New Limit, Modal, Anthropic shares (via Coefficient Bio acq

Cambridge (UK) materials-discovery AI company CuspAI closed a $450M Series B at $2.6B post-money (from $520M in Sept 2025), led by Kleiner Perkins and NEA with Bezos Expeditions, Lux, AMD Ventures, Glade Brook, StepStone, UK Sovereign AI Ve

Neo Security emerged from stealth with $100M from a16z and Bessemer to build a security/control layer for agentic enterprise AI; founders scaled SentinelOne from $5M to $500M+ ARR.

Fireworks AI closed a $1.505B Series D at a $17.5B valuation, led by Atreides Management, Index Ventures and TCV, with NVIDIA, Lightspeed, Evantic, Bessemer, Menlo, Insight, Ontario Teachers', Lone Pine participating; ARR surpassed $1B (5x

NVIDIA announced (July 16) an expanded Japan AI/robotics program: partnership with Noetra Corp. on a METI-backed Vera Rubin national AI factory (13,750 Vera CPUs + 27,500 Rubin GPUs, 140 MW) under the FRONTia Project; Cosmos 3 robotics coal

Ottawa Arctic-defense startup Dominion Dynamics raised $100M USD (CAD $139M) Series A led by Georgian at a $400M post-money valuation, with RBC, Valor, OMERS, BDC, Lakestar, Deloitte Ventures and others.

Indian AI app-building ("vibe-coding") startup Emergent raised $130M Series C at $1.5B post-money led by Creaegis, with MNI Ventures-Claypond, Sentinel Global, Khosla, SoftBank Vision Fund 2, Lightspeed, Y Combinator; $120M ARR run-rate; 20

Seattle public-safety drone maker BRINC raised $125M led by Motorola Solutions with Index Ventures and Dylan Field; angels include Sam Altman, Alexandr Wang, Shyam Sankar, Jeff Weiner; total funding >$280M; valuation ~2x last year's $480M.

The country-level commitment covers AI innovation, skills and Agentforce adoption — the latest instance of investment pledges becoming standard vendor market-entry currency.

AI drug-discovery startup Chai Discovery closed a $400M Series C at a $3.8B valuation led by Index Ventures, with Sequoia, Dimension, Kleiner Perkins and others; Novartis partnership context.

Elevation Capital raised $500M for Fund IX, India-focused seed/Series A with application-layer AI emphasis; alongside its $400M late-stage vehicle (Aug 2025), ~$900M deployable.

Munich defense-AI firm Helsing closed a $1.8B (~€1.58B) Series E at $18B post-money on July 13, led by Dragoneer with Lightspeed; syndicate included Goldman Sachs Alternatives, JPMorgan, CPP Investments, General Catalyst, Iconiq, Plural, St

Singapore video-generation startup PixVerse closed a Series C extension bringing the round total to $439M, valuation >$2B; new investors Alibaba, Mirae Asset, BlueFocus, Lollapalooza Capital, Ivy Capital, Grand Mount, Eastern Bell, CloudAlp

London startup Valarian closed a $50M Series A led by NEA (its first European defense/dual-use investment), with Lightbank, XTX, Sequel, LitVC and angels Gokul Rajaram, Nikesh Arora; total $70M.

Cambridge, MA general-purpose robotics startup Walden Robotics exited stealth with $300M led by Toyota and Deviation Capital at a $1.1B valuation (Russ Tedrake connection per wide04).

Dave Clark's (ex-Amazon, ex-Flexport) supply-chain AI startup Auger raised a $50M Series B led by Eclipse with Oak HC/FT, bringing total to $150M; customers Meta VR/AR, Fanatics, Kimberly-Clark.

MiniMax announced a plan to raise up to ~HK$16B (~$2.05B) via a share placement (~HK$9.54B) plus convertible bonds (~HK$6.5B); shares fell on the news (dilution).

UK uncrewed-vessel maker Kraken Technology Group closed a $175M Series B at a $1B valuation, led by DTCP with British Business Bank, NATO Innovation Fund, Rheinmetall, Inocea, HICO, Thesiger, BOKA, Supernova, Hakluyt.

SK Hynix sold 177.9M ADRs at $149 (≈3% premium to Seoul) raising ~$26.5B; trading began July 10 under SKHY (provisional SKHYV); opened at $170 (+14%), closed day one ~$168 (+13%); book >7x covered (~$200B demand); leads BofA, Citi, Goldman,

Zhipu AI (2513.HK, GLM models) priced an accelerated bookbuild of ~19.8M new H-shares at HK$1,588 — a 7–13% discount to the July 8 close of HK$1,825 — raising approximately $4B for R&D, expansion and potential acquisitions.

Nscale closed a $900M revolving credit facility syndicated across J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC, BofA, Crédit Agricole CIB, Deutsche Bank, Mizuho, SMBC, TD, KeyBank; follows $2B Series C (March, ~$15B reported valuat

B Capital announced final close of Ascent Fund III at its $500M hard cap, oversubscribed, ~2x the $254M Ascent II (2022); seed–Series B across AI, healthcare, enterprise, energy; already 20+ investments (Apptronik, Havoc AI, Star Catcher).

Kuaishou's AI video subsidiary Kling AI closed its first external round of ~$3B at an $18B post-money valuation (down from a $20B target), with Alibaba Cloud, Baidu, Tencent and two Beijing state funds co-investing; Kuaishou filed with HKEX

Munich drone maker Quantum Systems signed a $1.2B Series D valuing it at ~$8B post-money, co-led by Blackstone, Noteus, Airbus and Advent, with BOND, Fidelity, Wellington, A.P. Moller Holding, Elephant Lake, Balderton, HV Capital.

Erik Voorhees' Venice AI raised a $65M Series A led by Dragonfly (with Coinbase Ventures, North Island Ventures, F-Prime, Archetype, Morgan Creek, Liquid2) at a $1B valuation — first outside capital; >$70M annualized revenue; profitable sin