Node-based design tool Flora raises $42M from Redpoint Ventures
Flora’s node-based design tool is being used by companies like Pentagram and Lionsgate.
Fundraising
Northwood Space secures a $100M Series B and a $50M Space Force contract
This is the El Segundo, California-based startup’s second raise in less than a year.
VC firm 2150 raises €210M fund to solve cities’ climate challenges
Europe-based venture fund 2150 raised the money to invest in climate tech startups that help solve cities’ carbon footprint.
Synthesia hits $4B valuation, lets employees cash out
British startup Synthesia, whose AI platform helps companies create interactive training videos, has raised a $200 million Series E round of funding that brings its valuation to $4 billion — up from $2.1 billion just a year ago.
Struggling fusion power company General Fusion to go public via $1B reverse merger
General Fusion’s merger with an acquisition company will net the company over $300 million. Just last year, the company ran into trouble raising money from other investors.
From invisibility cloaks to AI chips: Neurophos raises $110M to build tiny optical processors for inferencing
Neurophos is taking a crack at solving the AI industry’s power efficiency problem with an optical chip that uses a composite material to do the math required in AI inferencing tasks.
Zanskar thinks 1 TW of geothermal power is being overlooked
Zanskar has raised $115 million to find about a dozen geothermal resources that could help power the grid throughout the U.S. West.
Language learning marketplace Preply’s unicorn status embodies Ukrainian resilience
Language learning marketplace Preply is now valued at $1.2 billion after raising a $150 million that marks a new chapter for the 14-year-old company.
Bolna nabs $6.3M from General Catalyst for its India-focused voice orchestration platform
Bolna said that 75% of its revenue is coming from self-serve customers.
Humans&, a ‘human-centric’ AI startup founded by Anthropic, xAI, Google alums, raised $480M seed round
Humans&, a startup that believes AI should empower people, not replace them, has reportedly raised a $480 million seed round at a $4.48 billion valuation.