AI-Commerce Startup Onton Bags $7.5 Million to Challenge Retail Giants Worldwide
With rapid user growth and expansion plans into apparel and electronics, the startup is positioning itself to challenge retail giants.
California
Cavela Bags $6.6 Mn to Automate Product Sourcing and Slash Manufacturing Costs
AI-sourcing startup Cavela secured $6.6M in seed funding to help e-commerce brands streamline product manufacturing with autonomous AI agents that find global suppliers, negotiate quotes, and reduce costs despite tariff volatility.
Numeric Raises $51 Mn Series B, Expands From Close Management to Comprehensive Finance Platform
San Francisco-based Numeric secures $51M Series B for AI-powered finance platform expansion. New funding supports launch of cash management product and growth beyond close management.
Luma AI Raises $900 Million Led by HUMAIN to Power 2GW AI Supercluster in Saudi Arabia
Luma AI has raised $900M in Series C funding led by HUMAIN to accelerate its multimodal world models, with Saudi Arabia’s 2GW Project Halo supercluster set to power the company’s next stage of large-scale AI training.
AI Biotech Startup Profluent Lands $106 million Co-led by Jeff Bezos and Altimeter
AI biotech startup Profluent has secured $106M to accelerate its frontier protein design models and expand its next-gen biologics pipeline, backed by Altimeter Capital and Bezos Expeditions in a major push toward programmable biology.
California’s Maxima Secures $41 Million to Scale Its AI-Driven Accounting Platform
AI accounting startup Maxima has raised $41 million in a Kleiner Perkins and Redpoint-backed round, pushing its valuation to $143M. The year-old San Mateo firm is gaining traction with its AI-first platform that automates enterprise accounting workflows.
Anthropic to Raise $15 billion from Microsoft and Nvidia, Sets $30B Azure Cloud Deal
Anthropic is set to raise $15 billion from Microsoft and Nvidia while committing $30 billion to Microsoft Azure in a landmark AI-cloud deal that strengthens its model development pipeline and reshapes the global AI infrastructure race.
Michael Burry, 2008 Housing Crash Predictor, Deregisters Scion Asset Management
Michael Burry, famed for predicting the 2008 housing crash, has deregistered his hedge fund Scion Asset Management and hinted at a new venture launching November 25.
Valar Atomics Secures $130 Million to Accelerate Advanced Nuclear Reactor Development in Utah
Backed by high-profile investors, Valar Atomics is pushing forward with its Utah test reactor to redefine clean industrial energy through advanced nuclear technology.
Riyadh’s OmniOps and California’s Groq Join Forces to Scale AI Deployment in Saudi Arabia
OmniOps and Groq join forces to deploy sovereign, high-performance AI infrastructure across key Saudi sectors in alignment with Vision 2030 and national data strategy.
xLight Raises $40 Mn to Transform Chip Manufacturing with Breakthrough Laser Technology
xLight raises $40M to develop breakthrough EUV laser tech, aiming to transform chip manufacturing and boost US leadership in the semiconductor race.
Anthropic Faces Billions in Damages Over Alleged Copyright Infringement
Anthropic faces a class-action lawsuit for allegedly using pirated books to train its AI model, Claude. Potential damages could range from $1 billion to $1.05 trillion.