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Headlines · 7
- Modal raises $750M Series D at $15.75B valuation, tops $1B ARR
AI infrastructure company Modal said it raised a $750 million Series D at a $15.75 billion post-money valuation, led by Accel with Kleiner Perkins joining and existing investors including Menlo Ventures, General Catalyst, Redpoint, Lux Capital and Bain Capital Ventures participating. The company said it has crossed $1 billion in annualized run rate, that usage has tripled in the five months since its Series C and grown more than 15x year over year, and that its Sandboxes product alone runs at roughly a $300 million annual rate with close to 3 billion sandboxes started since 2023. It lists customers such as DoorDash, Ramp, Linear, Cognition and Runway, alongside robotics firms Physical Intelligence and 1X training robots on its platform.
Modal Blog · 🔥 0 - Andreessen Horowitz, General Catalyst Race to Secure AI Chips for Startups
Andreessen Horowitz is in talks to expand the compute it offers its portfolio companies, potentially through two data center companies it has backed, after setting up a 20,000-GPU cluster for its startups two years ago, The Information reported. General Catalyst is building its own data center to supply compute to its startups, while several other venture funds have used brokers to find sought-after chips for their companies. The plans were described by people familiar with them and details have not been made public.
The Information · 🔥 0 - Standard Bots on its industrial robot AI stack: targeted data, on-prem inference
In a Latent Space interview, Standard Bots co-founder/CEO Evan Beard and head of AI Leif Jentoft described the AI stack behind its industrial robot arms. The company calls itself "America's largest AI-native industrial robot manufacturer," recently raised a $200M Series C at a $1B valuation led by General Catalyst and RoboStrategy, and lists NASA, Amazon and Lockheed Martin as customers. Its largest model sits in the low billions of parameters, trains in the cloud and runs inference on-premises; a zero-shot perception model trained on over a billion images locates and identifies parts, while motion and cell logic stay conventional. Its StandardOS platform offers APIs and SDKs so developers can bring their own models, such as NVIDIA Cosmos.
Latent Space · 🔥 0 - Legora CEO calls software sovereignty an excuse not to compete globally
Legora co-founder and CEO Max Junestrand said at the Wave by Vento event in Turin that talk of "sovereignty" in enterprise applications, consumer apps or the software layer is often an excuse for companies not bold enough to compete globally, since software's market is global. Sovereignty matters for energy, defence and infrastructure, he said, but buyers of enterprise software have offices in Europe, the US and Asia, so a sovereign product "doesn't really make any sense at all" for them. He also argued legal AI will end up with one worldwide winner, and said Legora went from about $1m in revenue to $100m in under 18 months, then to $200m in under six more, with $300m next.
The Next Web · 🔥 0 - Minerva Humanoids raises ~$10M to build Roger, a VR-piloted bomb-disposal robot
San Francisco–based Minerva Humanoids left stealth this week with roughly $10M in pre-seed funding led by General Catalyst and including Hugging Face, unveiling Roger, a VR-piloted humanoid aimed at bomb disposal, hazmat calls and offshore rigs. A specialist wearing a VR headset sees through Roger's eyes and handles fine manipulation, while in-house AI runs balance, navigation and fall recovery; the company says it went from idea to a walking prototype in five months, with paid pilots in energy and explosive ordnance disposal starting this fall. The same newsletter also covered Agilink's OmniHand 3 Ultra performing Suzhou embroidery, MIT's SANDO trajectory planner, and a Fudan University microrobot that harvests power from the metal it walks on.
The Rundown AI · 🔥 0 - Bridge Neurotech Raises $13.5M for Ultrasound BCI
Bridge Neurotech has emerged from stealth with $13.5 million to develop a non-invasive brain-computer interface that uses functional ultrasound imaging to measure brain activity through the skull. The startup also signed a multi-year technology and hardware agreement with Butterfly Network, while its first human study is enrolling healthy adults in California.
The Next Web · 🔥 0 - Melius raises $25M after pivoting from ad optimization to AI creative tools
Melius, an AI platform for generating advertising campaigns, images, and videos, announced $25 million in total funding, including a $20 million Series A led by CRV and a $5 million seed round led by General Catalyst. The startup says it abandoned its original performance-marketing product and rebuilt the company around tools for generating creative assets and campaigns.
TechCrunch AI · 🔥 0
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