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Hadrian raises $260M to build out automated factories for space and defense parts

Investors are continuing to rally behind the call to reindustrialize American industry, this time by building out a $260 million war chest for automated manufacturing startup Hadrian to scale its factory footprint and make even more machine parts. Hadrian’s aim is to modernize American manufacturing by leveraging advanced automation to deliver mass-produced parts for aerospace and defense companies at a fraction of the time. It’s a huge change to the status quo: a manufacturing industry that’s

Crypto accumulator DeFi Development to expand globally by franchising its Solana treasury model

DeFi Development , a company vying to be the MicroStrategy of Solana, is expanding internationally through a franchise model. The company plans to partner with others looking to operate their own Solana treasuries with DeFi's support. In return, DeFi Development will retain an equity stake in each regional vehicle. The initiative will be branded DFDV Treasury Accelerator. "Most crypto treasury vehicles today are following the MicroStrategy model. What excites us about DFDV is that they're not

Brian Singerman is raising over $500M for a new fund with a twist on the VC model

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A portion of GPx’s fund will likely come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting pre-seed and seed-stage startups;

Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A significant portion of GPx’s fund, potentially as much as 50%, will come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting

How to actually raise a seed round: Actionable advice from top investors at TechCrunch Disrupt 2025

TechCrunch Disrupt 2025 returns to Moscone West in San Francisco from October 27-29, convening more than 10,000 startup and VC leaders for an inside look at where innovation is headed. Among the must-attend sessions is a candid panel on the Builders Stage about one of the most high-stakes moments in any founder’s journey: raising your first round. From pitch to partnership: The real roadmap to seed funding This dynamic panel brings together three seasoned investors — Maria Palma (Freestyle Cap

UAE proptech Huspy raises $59M to scale in Europe

If you walked into a Dubai bank to apply for a mortgage in 2020, chances are you’d spend months buried in paperwork or face a huge price discrepancy when it came to listings. Such experiences led Jad Antoun to start Huspy, a startup streamlining how people in the UAE buy homes digitally. Over the past five years, the company has grown into one of the largest proptechs in the UAE, and has expanded into Spain, by providing digital tools for finding homes and obtaining mortgages. Huspy just close

How Capital One built production multi-agent AI workflows to power enterprise use cases

How do you balance risk management and safety with innovation in agentic systems — and how do you grapple with core considerations around data and model selection? In this VB Transform session, Milind Naphade, SVP, technology, of AI Foundations at Capital One, offered best practices and lessons learned from real-world experiments and applications for deploying and scaling an agentic workflow. Capital One, committed to staying at the forefront of emerging technologies, recently launched a produc

Capital One builds agentic AI to supercharge auto sales

Want smarter insights in your inbox? Sign up for our weekly newsletters to get only what matters to enterprise AI, data, and security leaders. Subscribe Now Inspiration can come from different places, even for architecting and designing agentic systems. At VB Transform, Capital One explained how it built its agentic platform for its auto business. Milind Naphade, SVP of Technology and Head of AI Foundations at Capital One, said during VB Transform that the company wanted its agents to function

Capital One builds agentic AI modeled after its own org chart to supercharge auto sales

Join the event trusted by enterprise leaders for nearly two decades. VB Transform brings together the people building real enterprise AI strategy. Learn more Inspiration can come from different places, even for architecting and designing agentic systems. At VB Transform, Capital One explained how it built its agentic platform for its auto business. Milind Naphade, SVP of Technology and Head of AI Foundations at Capital One, said during VB Transform that the company wanted its agents to functio

Catalio Capital closes over $400M Fund IV

In Brief Venture capital firm Catalio Capital Management announced today the closing of its more than $400 million Fund IV, as first reported by Bloomberg. The fund will continue the firm’s thesis of backing healthcare and biotechnology companies. The firm was founded in 2020 and has made more than 100 investments, according to PitchBook. Catalio’s Fund IV, in particular, has backed 16 companies already, including the diagnostics company PinkDx and the drug discovery company Superluminal Medic

xAI raises $10B in debt and equity

In Brief Elon Musk’s AI company, xAI, has raised $10 billion in debt and equity, Morgan Stanley confirmed on Monday. In a post on X, the financial giant said xAI had raised $5 billion in debt and another $5 billion in a separate strategic equity transaction. “The combination of debt and equity reduces the overall cost of capital and substantially expands pools of capital available to xAI. The proceeds will support xAI’s continued development of cutting-edge AI solutions, including one of the

Winning capital for your AI startup? Kleida Martiro is leading the conversation at TechCrunch All Stage

AI-native startups are rewriting the rules of what early traction looks like — and too often, investors are still playing by the old ones. At TechCrunch All Stage, happening in Boston on July 15, Kleida Martiro, partner at Glasswing Ventures, will lead a breakout that cuts straight to the core of this disconnect. Her session, “Winning Capital in a Competitive Market: How to Fund Your AI-Native Startup,” on the Foundation Stage, explores how early stage AI founders can frame their growth story i

Pompliano’s ProCap raises over $750 million, goes public via SPAC as bitcoin treasury bubble grows

The race to create publicly traded bitcoin treasuries is accelerating — and so is the capital pouring in. ProCap Financial, the latest entrant, has raised more than $750 million and is going public through a special purpose acquisition company, or SPAC, with Columbus Circle Capital Corp. I, according to an announcement Monday. Led by investor and podcast host Anthony Pompliano, ProCap raised more than $750 million in its funding round, including $235 million in convertible debt, with equity ma

Wanted: New Instruments to Fund BBNs

Today’s piece is a guest post by Alex Obadia. Alex is a new program director at the UK’s Advanced Research and Invention Agency (ARIA). As Alex puts it, his focus is “currently on designing new enabling trust primitives for a world where many more substrates (e.g. DNA, materials, thoughts) are programmable.” I met Alex last month at the ARIA Summit. At the Summit, I got to spend several days talking with ARIA staff, incoming PDs, and ARIA ‘Creators’ — ARIA’s word for R&D contractors. My discuss

Topics: alex bbn bbns capital new

Elon Musk responds to report that xAI is burning through $1 billion a month

In brief: Elon Musk's artificial intelligence startup, xAI, is burning through cash at an astounding rate. According to a new report, the company expects to spend at least $13 billion throughout all of 2025, equivalent to just over $1 billion every month. Musk, of course, has called the report "nonsense." Citing the usual anonymous people familiar with the matter, Bloomberg writes that the $500 million that xAI will earn this year looks positively tiny next to the $13 billion it plans to spend.

In just 3 months, Ramp’s valuation jumped to $16B, up from $13B

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post-money valuation of $16 billion. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March, after a $150 million secondary share sale. Its current valuation is also more than double the $7.65 billion post-money valuation Ramp hit a little over a year ago when it raised $150 million.

In just 3 months, Ramp’s valuation jumped to $16B from $13B

In Brief Spend management startup Ramp announced on Tuesday that it raised a $200 million Series E led by its largest investor, Founders Fund, at a post money $16 billion valuation. This is a jaw-dropping $3 billion increase over the $13 billion valuation Ramp announced just a few months ago in March from a $150 million secondary share sale. It’s current valuation is also more than double the $7.65 billion Ramp hit a little over a year ago when it raised $150 million at a $7.65 billion post mo

Sword Health nabs $40M at $4B valuation, pushes IPO plans to at least 2028

Sword Health, an AI-powered digital health startup, has raised $40 million at a $4 billion valuation, a 33% jump from the $3 billion price tag it earned just a year ago. The funding was led by returning investor, General Catalyst. Even though 10-year-old Sword Health is cash-flow positive, its CEO and founder, Virgílio Bento, told TechCrunch that he opted to raise additional capital for two key reasons: to update the company’s valuation, and have funds readily available for strategic acquisitio

Clay secures a new round at a $3B valuation, sources say

Clay, a sales automation startup, has raised a Series C round at an approximate $3 billion valuation, led by Capital G, according to three sources with knowledge of the deal. Clay and Capital G didn’t respond to a request for comment. The new round comes just a month after the New York startup announced that it will allow most of its employees to sell some of their shares at a $1.5 billion valuation. That secondary deal, known as a tender offer, was led by Sequoia, which agreed to purchase up

Startups Weekly: No sign of pause

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. You’d think WWDC would cause a lull in startup news. But not in June, when everyone is eager to announce their latest deals — or even to go public. Most interesting startup stories from the week Image Credits:Nasdaq This week brought us many reminders that no startup journey is linear — but the next billion-dollar idea may only be one click

Multiverse Computing raises $215M for tech that could radically lower AI costs

Spanish startup Multiverse Computing on Thursday said it has raised an enormous Series B round of €189 million (about $215 million) on the strength of a technology it calls “CompactifAI.” CompactifAI is a quantum-computing inspired compression technology that is capable of reducing the size of LLMs by up to 95% without impacting model performance, the company said. Specifically, Multiverse offers compressed versions of well-known, open-source LLMs – primarily small models – such as Llama 4 Sco

Chime's IPO will test public market appetite for fintech as companies line up to exit

Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images There's a mini-boom happening in fintech. After a multi-year IPO slowdown triggered by rising rates and valuation resets, some of the emerging players in online stock trading, banking, lending and crypto-related services are hitting the public market, or at least preparing for a debut. The next test of Wall Street's enthusiasm is expected to come on Thursday, when Chime is slated to start trading on the Nasdaq. The provider of online bank

Jewel Burks Solomon’s Collab Capital has closed a new $75M fund

Collab Capital announced today the close of a $75 million Fund II. Jewel Burks Solomon, who rose to prominence in Silicon Valley during her years running Google for Startups US, has just closed her second fund for her VC firm Collab Capital. Fund II is $75 million and includes heavyweight limited partners like Apple, Goldman Sachs Asset Management, and The Leon Levine Foundation. Solomon co-founded the firm alongside Barry Givens in 2020 with an inaugural $50 million Fund I and invested in 38

Unit Network raises $18M for decentralized platform enabling real-world and digital asset trading

Unit Network, a decentralized financial ecosystem enabling trading of real-world and digital assets through tokenization, has raised $18 million. The venture capital investment was led by industry leaders such as the Blockchain Founders Fund and Outlier Ventures, alongside notable entrepreneurs including Cristina Venture (White Star Capital), Diego Gutiérrez Zaldívar (Rootstock), Joshua Seims (Metastable Capital), Richard Wang (Draper Dragon Fund), Thomas Hessler (Zanox), Yuval Rooz (DigitalAss

Immutable-backed Inevitable Games Fund grows 180% in 9 months

Immutable, in collaboration with King River Capital and Polygon Labs, today announced the inaugural returns on liquid investments of the Inevitable Games Fund (IGF). The fund recorded a 2.8 multiple on invested capital (MOIC) for investments that have launched token generation events (TGEs), outpacing the 1.36 multiple seen from Bitcoin during the same time period. Anchored by Alpha Wave Ventures, backed by Alpha Wave Global and the Abu Dhabi Royal Group’s Chimera Capital, IGF has made investm