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Cybersecurity
Horizon3.ai, a San Francisco-based cybersecurity startup, is raising $100M in a round led by NEA, with $73M already secured, per an SEC filing. The funding will support expansion of its AI-powered security tools amid strong growth. While neither Horizon3.ai nor NEA have commented publicly on the funding, sources
Style & Beauty
In a bold move to expand its footprint in the prestige beauty market, e.l.f. Beauty (NYSE: ELF) announced Wednesday it has signed a definitive agreement to acquire rhode, the skincare brand founded by Hailey Rhode Bieber. The deal was revealed alongside e.l.f.’s Q4 earnings for
Retail
Meta is preparing to make a significant move into brick-and-mortar retail, following a strategy that may mirror Apple’s global store presence. The company is developing plans to open physical stores and hire retail employees, marking a strategic shift aimed at boosting sales of its hardware products like Meta Quest
Artificial Intelligence (AI)
In a move that signals its intensifying focus on AI and data dominance, Salesforce has officially acquired cloud data management firm Informatica for $8 billion. The all-equity transaction marks one of Salesforce’s most significant acquisitions to date, aimed at strengthening its foundational data infrastructure to support AI at enterprise
Health
Strava, the widely used fitness tracking app, has raised a new round of funding that values the company at $2.2 billion, including debt. The announcement, made by CEO Mike Martin, signals a new chapter of expansion for the company, which has also confirmed its second acquisition in as many
Hardware
In a major move blending cutting-edge AI with elite design pedigree, OpenAI has acquired io, the startup founded by renowned former Apple designer Jony Ive, for a reported $6.5 billion. OpenAI confirmed the acquisition in a blog post on Wednesday, featuring a real (not AI-generated) photo at the top
E-commerce
Shopify is doubling down on artificial intelligence. At its latest Edition launch event, the e-commerce giant announced a suite of AI-powered features aimed at helping merchants streamline the creation and management of their online stores — no coding required. The updates include a new AI store builder, enhanced capabilities for Sidekick,
Finance
In a major shakeup of the financial services landscape, Capital One Financial Corporation has officially completed its $35.5 billion acquisition of Discover Financial Services. The all-stock deal, initially announced in February 2025, brings together two of the world’s largest credit card issuers in a merger that could significantly
Legal
Legal tech startup Harvey is reportedly in advanced talks to raise over $250 million in fresh funding, a round that would boost its valuation to $5 billion. The round is expected to be led by prominent venture firms Kleiner Perkins and Coatue, with existing investor Sequoia Capital also likely to
E-commerce
In a strategic push to differentiate itself in the increasingly crowded generative AI market, Perplexity is doubling down on AI-powered commerce, announcing a new partnership with PayPal that enables users to complete purchases directly within its chat interface. Starting soon, U.S. users will be able to shop, book travel,
Artificial Intelligence (AI)
Databricks, a leading data and AI platform, has announced the acquisition of Neon, a fast-growing startup developing a serverless, open-source alternative to AWS Aurora Postgres. The deal, reportedly worth around $1 billion, marks Databricks’ latest strategic move to strengthen its capabilities in supporting AI-native applications. Founded in 2021 by former
Artificial Intelligence (AI)
Amazon is deepening its presence in Saudi Arabia with a strategic partnership alongside Humain, an artificial intelligence startup recently launched under the auspices of Saudi Crown Prince Mohammed bin Salman. The two companies will collaborate on developing an “AI Zone” in the kingdom—an initiative valued at more than $5