Quilt CEO Frames Design and Software as the Growth Engine After $20M Series B
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Ricursive Secures $300M Series A and a $4 Billion Valuation for Autonomous AI Chip Design
Ricursive Intelligence closed a $300 million Series A at a $4 billion valuation, bringing total funding to about $335 million just weeks after emerging publicly. The startup, founded by ex-Google researchers, aims to automate semiconductor layout and iterative improvements using learned design agents — a claim that accelerates investor interest but faces hard engineering and manufacturing proofs of concept.
Gather AI Secures $40M Series B to Expand Physical-AI Fleet and Enterprise Reach
Gather AI closed a $40 million Series B round led by Smith Point Capital Management to accelerate deployment of its vision-based logistics platform and expand globally amid broader investor momentum in Physical AI. The startup says deployments doubled and bookings rose 250%, positioning its camera-plus-model approach as a fast-to-deploy operational layer that restores inventory truth across warehouses and yards.

Mesh Achieves Unicorn Valuation After $75M Series C to Expand Crypto Payments
Mesh closed a $75 million Series C led by Dragonfly Capital that values the company at $1 billion and pushes its total funding past $200 million. The round is earmarked for geographic expansion, product development, and highlights institutional use of blockchain-native settlement, including a portion settled in stablecoins.

GlassPoint Secures $20M to Scale Concentrating Solar for Industrial Heat
GlassPoint closed a $20 million funding round led by N.I.S. New Solutions to advance its enclosed-trough concentrating solar and thermal storage systems for industrial process heat. The capital will back project deployment and engineering expansion across the US Southwest, the Middle East, southern Europe and South America, targeting heavy industries that are hard to electrify.

Siemens Energy Commits $1 Billion to U.S. as Electricity Demand Accelerates
Siemens Energy will deploy $1 billion in the United States to expand its footprint in power generation and grid technology as the country scales up electricity capacity. The move targets manufacturing, services and local supply chains to capture growing demand for capacity upgrades and clean-power projects.

Young entrepreneur secures $220m to fund a UK AI chip venture
A 25-year-old founder in the UK has closed a $220m financing to develop custom processors for AI workloads, a sign that investors continue to back bespoke silicon despite long development cycles. The raise places the venture alongside a wave of large hardware financings and underscores near‑term execution priorities: tape‑outs, foundry commitments, packaging and software integration to turn prototypes into deployable systems.

Quantonation raises €220M second fund backed by ACS and Novo Holdings
Quantonation closed a €220 million second vehicle targeting physics-driven quantum ventures, with industrial investors including ACS and Novo Holdings among its limited partners. Combined with its first fund, the firm now controls roughly €311 million aimed solely at early-stage quantum and related deep‑tech opportunities.

Nebius boosts GPU and data‑center spending to lock in AI capacity
Nebius sharply increased quarterly capital spending to buy AI processors and expand its global data‑center footprint, pushing secured electrical capacity above 2 GW and raising its year‑end target to more than 3 GW. The build‑out — including a planned 240 MW, GPU‑dense campus in Béthune, France — widens near‑term losses but is aimed at underpinning a multibillion‑dollar annualized revenue run‑rate by the end of 2026.