Sources: Project SGLang spins out as RadixArk with $400M valuation as inference market explodes
SGLang, which originated as an open source research project at Ion Stoica’s UC Berkeley lab, has raised capital from Accel.
Accel
Indian SpaceX rival EtherealX hits 5x valuation as it readies engine tests
EtherealX is ramping engine tests and building a 150-acre rocket campus in India as it targets a 2027 launch mission.
TDK Ventures, Accel set to back India’s EtherealX in reusable launch vehicle push: Sources
EtherealX aims to take on SpaceX’s Falcon 9 with its fully reusable rocket.
India’s Spinny lines up $160M funding to acquire GoMechanic, sources say
Spinny is set to be valued at about $1.8 billion post-money in its latest funding round.
Google teams up with Accel to hunt for India’s next AI breakouts
Google and Accel will jointly invest up to $2 million in each startup through their new partnership.
As Lovable hits $200M ARR, its CEO credits staying in Europe for its success
Lovable CEO Anton Osika said he credits ignoring advice to move to Silicon Valley for the AI coding company’s success.
The global race for the AI app layer is still on
The U.S. is far ahead of Europe in the race for large AI models, at least in funding. But the picture is different for the application layer, global VC firm Accel highlighted in its 2025 Globalscape report.
Accel backs Uber rival Rapido as Prosus boosts stake
TVS Motor booked a 152% return as it sold its Rapido stake to Accel and Prosus.
NVIDIA, Qualcomm join U.S., Indian VCs to help build India’s next deep tech startups
Qualcomm Ventures has joined six Indian venture firms, collectively adding more than $850 million to boost India’s deep-tech ecosystem.