Brief
Sam Altman Says OpenAI Will Not Go Public in 2026
OpenAI CEO Sam Altman says the company will not pursue an IPO in 2026, calling the current moment unsuitable amid AI safety concerns.
Venture capital
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RoboticsMecka AI Nears $500 Million Valuation in Sequoia-Led Funding Deal
Mecka AI is nearing a Sequoia-led funding round at roughly a $500 million valuation, as demand for real-world data to train humanoid robots grows.
StartupsFuro Raises $4M as Founders Build Battery Software From Munich
Furo raised $4 million from mostly U.S. investors while building its industrial battery software business in Munich and winning clients including Deutsche Bahn.
BriefThe Boring Company Raises $3B at $23B Valuation in UAE-Led Round
The Boring Company raised $3 billion in a UAE-led Series D, valuing it at $23 billion and backing plans to build over 150 km of tunnels in the UAE.
EnterpriseBending Spoons to Buy Miro for $1.36B, Far Below Its $17.5B Peak
Bending Spoons agreed to buy Miro for $1.36 billion in cash, valuing the collaboration software maker far below its $17.5 billion peak valuation in 2021.
Government & PolicyEuropean Founders and VCs Urge Lawmakers to Preserve EU Inc.
European founders and investors are urging lawmakers to preserve EU Inc., a proposed common company framework designed to reduce cross-border business friction.
StartupsMach Industries Raises $600M, Doubling Valuation to $3.7B in Three Months
Mach Industries raised $600 million in a Series C extension, doubling its Valuation to $3.7 billion just three months after its previous funding round.
VentureListen Labs Scraps $125M Series C Amid Reported Salesforce Acquisition Talks
Listen Labs reportedly walked away from a $125 million Series C at a $1.5 billion valuation while Salesforce held acquisition talks valued at about $2 billion.
BriefHarvey Raises $550M at $15.5B Valuation as Legal AI Growth Accelerates
Legal AI startup Harvey raised $550 million at a $15.5 billion valuation, months after reaching $11 billion, bringing its total funding to more than $1.55 billion.
TransportationUber Invests $10M in India’s Carrum Mobility at $168M Valuation
Uber invested $10 million in Indian fleet startup Carrum Mobility, valuing it at about $168 million as the company plans to more than double its fleet.
StartupsCognition Reaches $48 Billion Valuation as AI Coding Market Expands
AI coding startup Cognition raised $2 billion at a $48 billion valuation as investors continue backing multiple AI software companies.
SpaceThe Exploration Company Raises $450 Million to Challenge SpaceX
The Exploration Company raised $450 million to develop reusable spacecraft and a European heavy-lift launcher to compete with SpaceX.