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Artificial Intelligence (AI)
Elon Musk’s artificial intelligence venture, xAI, has secured a massive $10 billion in combined debt and equity financing, according to a statement from Morgan Stanley. The raise—split evenly between secured notes and term loans, and strategic equity investments—is one of the largest ever for an AI startup
Design
Figma, the collaborative design software powerhouse, took a major step toward going public on Tuesday by filing its S-1 with the SEC. While the filing stops short of revealing how many shares will be offered or at what price, it provides the most comprehensive look yet into Figma’s financial
Tech Insights
Grammarly has announced its acquisition of Superhuman, a premium email client known for its fast, AI-powered user experience. The strategic deal, unveiled on Tuesday, marks Grammarly’s latest move to expand its AI-driven productivity suite. While financial terms of the acquisition were not disclosed, the implications are significant: Grammarly is
Cybersecurity
Israeli cybersecurity firm Cato Networks announced it has raised $359 million in a fresh funding round, boosting its valuation to over $4.8 billion. The significant investment underscores growing investor confidence in AI-driven cybersecurity solutions, as companies face an escalating wave of sophisticated digital threats. The round was led by
Retail
Home Depot has announced a definitive agreement to acquire GMS Inc., a major building products distributor, for approximately $4.3 billion in cash, intensifying its push to serve professional contractors and tradespeople. The acquisition, expected to close by early 2026, will be executed through Home Depot’s SRS Distribution subsidiary,
Healthcare
In a striking show of investor confidence, AI health tech startup Abridge has doubled its valuation to $5.3 billion just four months after its previous funding round. The Pittsburgh-based company has secured a $300 million Series E round, led by Andreessen Horowitz with continued backing from Khosla Ventures, according
Style & Beauty
Unilever announced Monday, June 23, that it will acquire men’s personal care brand Dr. Squatch, a move that signals the consumer goods giant’s deepening focus on Gen Z consumers and influencer-led marketing. The terms of the deal were not disclosed, but it is expected to close later this
Legal
Harvey, the fast-growing legal tech startup pioneering AI solutions for the legal industry, has announced a $300 million Series E funding round, bringing its valuation to a staggering $5 billion. The round was co-led by Kleiner Perkins and Coatue, with participation from a powerhouse list of backers including Sequoia, GV,
Tech Insights
Amazon has unveiled a significant investment plan, committing approximately $233 million to bolster its operations in India. Announced on Thursday, the move aims to expand the company's logistics infrastructure, enhance technological capabilities for its delivery network, and further its commitment to employee safety and well-being. The investment forms
Semiconductors
In a landmark commitment to bolster domestic semiconductor production, Texas Instruments (TI) has announced plans to invest more than $60 billion to expand its manufacturing footprint across the United States. This investment, described by the company as the “largest investment in foundational semiconductor manufacturing in U.S. history,” will fund
Transportation
Amazon-backed Zoox has taken a major step forward in the autonomous vehicle race with the opening of its first dedicated robotaxi production facility in Hayward, California. Announced on Wednesday, the 220,000-square-foot site marks the beginning of Zoox’s move toward full-scale commercial deployment, positioning it as a direct competitor
Military & Defense
Applied Intuition, a rising force in autonomous vehicle software, has closed a massive $600 million Series F funding round and tender offer, catapulting its valuation to $15 billion. The company, known for its advanced simulation and data management tools for autonomous systems, continues to cement its position as a cornerstone