TensorWave, the Las Vegas-based AI infrastructure startup, announced it has secured $100 million in its latest Series A funding round. The round was led by Magnetar and AMD Ventures, with participation from existing partners Maverick Silicon and Nexus Venture Partners, and new investor Prosperity7. TensorWave aims to democratize access to AI compute by deploying AMD-powered GPU clusters for AI model training and workload optimization. (Source: Reuters)

AI21 Labs, the Israeli startup behind the Jamba family of language models, raised $300 million in a Series D round co-led by Google and Nvidia. This brings the company’s total raised to $636 million, with a valuation surpassing its previous $1.4 billion. AI21 is expanding its suite of enterprise AI offerings to compete with other LLM providers. (Source: SiliconANGLE)

Cognichip, a Redwood City-based startup, raised $33 million in seed funding to develop generative AI models that help semiconductor companies design and produce new chips more efficiently. The round was co-led by Lux Capital and Mayfield, with participation from FPV and Candou Ventures. (Source: TechCrunch)

Cohere Health, a Boston-based healthcare technology company, raised $90 million in a Series C funding round led by Temasek, with participation from Deerfield Management, Define Ventures, Flare Capital Partners, Longitude Capital, and Polaris Partners. The startup offers AI-powered prior authorization tools that streamline communication between payers and physicians. (Source: Modern Healthcare)

Pathos AI, a biotech company focused on oncology drug development, secured $365 million in Series D funding. Backers include Novo Nordisk and Prelude Therapeutics. Pathos will use the capital to advance clinical trials and further develop its AI-driven biomarker discovery and trial design platform, PathOS.
(Source: Fierce Biotech)

Akido Labs, an AI assistant platform for physicians, raised $60 million in Series B funding. The round was led by Oak HC/FT, with participation from Greco, SNR, Y Combinator, Future Communities Capital, Jeff Dean, and the Comprehensive Blood & Cancer Center. The company builds tools to automate clinical workflows and optimize healthcare delivery. (Source: Newcomer)

Somite, a developer of foundation models focused on understanding human cells, raised $47 million in Series A funding. Investors include Khosla Ventures, SciFi VC, Chan Zuckerberg Initiative, Fusion Fund, Ajinomoto Group Ventures, and Pitango HealthTech. The startup is building models for medical research and pharmaceutical development. (Source: Twitter/X)

SpotitEarly, a Tel Aviv-based startup, raised $20.3 million to advance its non-invasive cancer detection platform. The company uses trained canines to analyze breath samples, which are then processed with AI to identify early-stage cancers. Investors include Hanaco Ventures and Menomedin Ventures. (Source: SiliconANGLE)

Medmain, a Japanese digital pathology company, raised $3.3 million in funding to expand its AI-powered diagnostic platform. The round was led by One Capital, with participation from Niremia Collective and Plug and Play Japan. (Source: Startup Weekly)

Harvey AI, a leading legal AI startup, is reportedly in advanced talks to raise over $250 million, bringing its valuation to $5 billion, up from $3 billion just a few months ago. The round is being led by Kleiner Perkins and Coatue, with existing investor Sequoia Capital expected to expand its stake. Harvey AI partners with OpenAI, Google, and Anthropic, and has gained strong traction with top law firms and corporations. (Source: Reuters)

Samaya AI, a three-year-old company based in Mountain View, CA, raised $43.5 million in a Series A funding round led by NEA, with participation from Eric Schmidt and Yann LeCun. The startup develops AI agents that assist financial professionals with research, client advisory, and deal diligence, effectively augmenting roles in wealth management and investment banking. (Source: Fortune)

Granola, an AI-powered note-taking app, raised $43 million in a Series B funding round at a $250 million valuation. The round was led by NFDG, with continued support from Lightspeed Venture Partners and Spark Capital. Granola is enhancing its platform with collaborative AI features for teams. (Source: TechCrunch)

Hedra, a two-year-old San Francisco-based video editing startup, raised $32 million in Series A funding. Andreessen Horowitz returned as lead investor, joined by Abstract and Index Ventures. Hedra’s browser-based tool lets users apply AI-generated characters and visual styles to video projects. (Source: TechCrunch)

Moonvalley, a Los Angeles-based startup building AI tools for fine-tuned video creation, raised $53 million from 14 undisclosed investors. This round brings its total raised to approximately $124 million. Its product offers precise camera and motion controls for AI-generated video. (Source: TechCrunch)

Cartwheel, a startup focused on AI-driven 3D character animation, raised $10 million in a new funding round led by Craft Ventures. Other investors include WndrCo, Tirta Ventures, Runway, Accel, Khosla Ventures, and Human Ventures. Cartwheel’s platform supports faster production pipelines for animation, gaming, and social media. (Source: Variety)

Doji, a San Francisco startup enabling virtual clothing try-ons via photorealistic AI avatars, raised $14 million in seed funding. The round was led by Thrive Capital, with participation from Seven Seven Six Ventures. The platform allows users to visualize apparel on highly customized AI-generated likenesses. (Source: TechCrunch)

Markopolo.ai, a Dhaka-based startup developing AI “teammates” for marketing and sales automation, raised $2 million in seed funding. The round was led by Joa Capital, with participation from Team Ignite Ventures and several strategic angel investors. (Source: FinSMEs)

Akeno, a Hamburg-based startup, raised €4.5 million (~$5 million) in seed funding to expand its AI-driven production planning software. Designed for manufacturers in sectors like chemicals, pharmaceuticals, and food, Akeno’s platform optimizes supply chain decisions using predictive analytics. The round was led by Cusp Capital, with participation from TS Ventures and another.vc. (Source: Silicon Canals)

InfinitForm, a Los Angeles-based startup that builds AI design tools for manufacturable parts, raised $12.7 million in seed funding. The platform enhances CAD models to optimize cost and buildability. Backers include UP.Partners, Schematic Ventures, Counterpart Ventures, Yamaha Motor Ventures, and former Autodesk CEO Carl Bass. (Source: Develop3D)

Metafoodx, a San Jose-based startup, secured $9.4 million in funding to expand its AI analytics and inventory tracking platform for commercial kitchens. The company helps reduce food waste through real-time insights. Investors include Trustbridge Partners, BlueRun Ventures, and ScalableVision Capital. (Source: GlobeNewswire)

Fieldstone Bio, a synthetic biology and AI startup, raised $5 million in seed funding. Fieldstone programs microbes to detect toxins and explosives in the environment, using AI and hyperspectral imaging to map results. Investors include Ubiquity Ventures, LDV Capital, and E14 Fund. (Source: TechCrunch)

Anthropic, the AI research company behind Claude, secured a five-year $2.5B revolving credit line from major banks including Goldman Sachs, JPMorgan, and Citibank. This follows its $61.5B valuation in March 2025 and confirms an annualized revenue run rate of $2 billion in Q1. (Source: CNBC)

Perplexity AI, the San Francisco-based AI search engine startup, is in advanced talks to raise $500 million in a new round that would value the company at $14 billion. Venture capital firm Accel is set to lead the round. Perplexity, backed by Nvidia, offers conversational AI tools that compete with Google Search and ChatGPT. The company previously raised funds at a $9 billion valuation last year. (Source: WSJ)

TensorStax, a Palo Alto-based platform streamlining data engineering for AI teams, secured $5 million in seed funding. The round was led by Glasswing Ventures, with participation from Bee Partners and S3 Ventures. TensorStax aims to simplify AI workflows by unifying data preprocessing and pipeline management. (Source: TensorStax)

Openlayer, a San Francisco startup offering evaluation and governance tools for enterprise AI systems, raised $14.5 million in a Series A round. Race Capital led the funding, with contributions from NXTP, KPN Ventures, Mindset Ventures, Y Combinator, and Telefonica. (Source: Openlayer)

Layer, a platform providing an AI app gateway tailored for game developers, raised $6.5 million in seed funding. The round was led by Arcadia and included participation from e2.vc. Layer’s tools help developers integrate AI features into interactive media experiences. (Source: Layer)

Adopt AI, a startup helping provide apps with intelligent agent capabilities, raised $6m in seed funding. Elevation Capital led, joined by Foster Ventures, Powerhouse Ventures, and Darkmode Ventures. (Source: Adopt AI)

Co-one, the AI integration solutions startup, offering tools like "Agentic Suite" and "Data OS" for enterprises to build AI agents, has raised €1 million (US$1.11 million) in a Pre-Series A funding round. Investors include Ak Portföy, DOMiNO Ventures, Maxis Innovative Fund, TechOne Venture Capital, and Leap Investments. The funding will support expansion into Türkiye, MENA, and Western Europe. (Source: Tech in Asia)

Nekuda, a startup developing infrastructure for agentic payments, raised $5 million in a funding round led by Madrona Ventures, with Amex Ventures and Visa Ventures participating. The platform enables secure, autonomous transaction flows for digital agents. (Source: Nekuda)

Salesforce has signed a definitive agreement to acquire Convergence, an AI agent startup that had previously raised $12 million from Balderton Capital, Salesforce Ventures, and Shopify Ventures. Convergence builds next-generation enterprise agents that automate business workflows. (Source: Salesforce)

Cohere, a Toronto-based enterprise AI company, has acquired Ottogrid, a market research automation platform. Ottogrid’s tools streamline data extraction and insight generation, and the deal strengthens Cohere’s business intelligence and analytics capabilities. (Source: TechCrunch)

Orca Security, the Portland-based cloud security unicorn valued at $1.8 billion, has acquired Optus, a startup specializing in security automation and orchestration. The acquisition supports Orca’s expansion into more autonomous security infrastructure. (Source: Orca Security)

Rain AI, a Sam Altman-backed AI chipmaker, is reportedly exploring a sale after a $150 million Series B fundraising collapsed. Rain AI, which previously raised $25M in seed funding and recently secured a $3M bridge loan, develops low-power “compute-in-memory” chips aimed at running AI workloads more efficiently. OpenAI is said to be among the interested acquirers. (Source: New York Post)

Google AI Futures Fund: Google has launched a new initiative to support startups building with DeepMind’s cutting-edge models. The AI Futures Fund offers seed to late-stage funding, along with early access to proprietary AI tools, Google Cloud credits, and expert mentorship. Early participants include meme-maker Viggle and storytelling platform Toonsutra. (Sources: TechCrunch, CNBC)

FIRE & Cosmos Institute "Truth-Seeking AI" Grants: The Foundation for Individual Rights and Expression (FIRE) and the Cosmos Institute announced a $1 million grant program to support open-source AI initiatives promoting intellectual freedom and truth-seeking. Grants range from $1K to $10K, with larger awards for standout projects, and include compute credits from Prime Intellect. (Source: FIRE)

Chip Security Act: As U.S. chip exports to China remain under scrutiny, a new legislative proposal, the Chip Security Act, seeks to close loopholes that could allow advanced U.S. AI chips to reach adversaries via Gulf intermediaries. The act would impose stricter monitoring on downstream chip flows. (Source: Reuters)

McKinsey & Company published a new infrastructure report projecting that $7 trillion in global data center investments will be needed by 2030 to support growing demand from AI and IT workloads. Of this, $5.2 trillion is attributed to AI-related infrastructure needs. Semiconductor firms and energy providers face the largest capital requirements, highlighting the systemic scale of AI infrastructure. (Source: Data Centre Magazine)