🧠 Apple Eyes Perplexity to Supercharge AI Search Ambitions

Apple is in early talks to acquire Perplexity AI, the red-hot search startup reimagining how users find information with conversational AI. With a $14B valuation and rapid user growth, Perplexity could give Apple a serious alternative to Google—and a leap forward in its AI push.

🔍 Rethinking search with AI chat
• Combines multiple LLMs (GPT-4.1, Claude, Gemini) for fast, cited answers
• Over 30M daily queries; ~20% monthly query growth
• Revenue from $20/month Pro plans and publisher rev-share

📱 Strategic fit across Apple’s ecosystem
• Could slot into Safari and Siri to replace or complement Google Search
• Ongoing antitrust scrutiny has Apple seeking more control over search stack
• Also in talks with other AI search players for potential integration

🤖 Big bets on future of AI
• Internally led by Eddy Cue (Services) and Adrian Perica (M&A)
• Would be Apple’s largest-ever acquisition—4x the size of its Beats deal
• Move aligns with broader Apple Intelligence rollout and GenAI upgrades

Perplexity could help Apple reclaim search—and stake a bigger claim in the AI race.

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🌍 Tensec Rebuilds Cross-Border Payments

Tensec, a Palo Alto-based fintech, has raised $12M in seed funding to modernize how global businesses move money. With a sleek, AI-powered platform, Tensec helps trading firms embed treasury, FX, and payments directly into their workflows—without touching legacy banking rails.

💸 Embedded finance for global trade
• Offers instant KYB onboarding, smart compliance, and no-code FX infrastructure
• Built on real-time rails, with U.S. banking powered by Stearns Bank (FDIC member)
• Traders access hedging, multi-currency wallets, and real-time settlements out of the box

📈 Early traction, massive market
• Supporting ~$10B in trade volume with plans to scale to $30B+
• Targeting SMBs in physical goods trade—40% of a $25T market
• Positioned for APAC and EU expansion as global payments hit $250T by 2030

👥 Veteran team meets modern infrastructure
• Founded by ex-Rapyd, Goldman Sachs, and Meta execs with deep trade and fintech roots
• Backed by Costanoa, Quiet Capital, WillowTree, and Cambrian Ventures
• Aims to be the “Stripe for cross-border B2B” by eliminating friction in trade flows

Tensec is giving modern exporters and traders the infrastructure big banks never built—and doing it with speed, compliance, and scale.

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🏭 Pelico Powers AI-Driven Orchestration for Industrial Supply Chains

Pelico, the Paris- and Miami-based startup helping manufacturers respond to supply chain disruptions in real time, has raised a $40M strategic round led by General Catalyst. Its AI-powered platform connects factory teams with operational data to reduce parts shortages, cut lead times, and improve delivery performance.

🧠 AI for factory decision-making
• Transforms siloed data into real-time, actionable insights for planning, logistics, and shop-floor teams
• Cuts parts shortages by 40% and improves on-time delivery by 15%
• Fast 12-week deployments for global manufacturers like Airbus, Safran, and Daikin

📈 Traction across complex industries
• Used in 15+ countries by 1,000+ factories, with 300% YoY revenue growth
• Adopted by 5 of the top 10 global aerospace & defense companies
• North American revenue tripled in just 6 months

🧭 Scaling with Agentic AI and U.S. expansion
• Founded in 2019 by Tarik Benabdallah, Mamoun Alaoui, and Jonathan Hickson
• Backed by General Catalyst, 83North, Serena, and Microsoft’s M12
• Investing in “Agentic AI” for intelligent supply chain self-orchestration

Pelico is becoming the nervous system for industrial ops—giving manufacturers the agility to respond to disruptions before they cascade.

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🏥 Commure Builds the AI Operating System for Healthcare

Commure, the SF-based healthtech platform transforming hospital operations, has secured $200M in growth financing from General Catalyst’s Customer Value Fund. The company is rolling out AI-powered tools across revenue cycle, clinical documentation, and practice management—aiming to streamline how providers work from front desk to exam room.

🤖 AI for healthcare workflows
• Automates the entire RCM stack—from intake to collections and posting
• Ambient AI captures clinical notes, codes visits, and reduces after-hours documentation
• Cloud-based platform powers intelligent scheduling, referrals, and patient engagement

📈 Rapid scale across U.S. health systems
• Serves 130+ health systems, with deployments at giants like HCA Healthcare
• Facilitates billions in RCM automations annually
• ARR has doubled three years in a row, now in the high hundreds of millions

🧭 Strategic infrastructure for care delivery
• Led by CEO Tanay Tandon, a former Palantir product leader
• Designed to be the “atomic infrastructure” of modern care systems
• CVF structure gives growth capital without equity dilution

Commure is fast becoming the nervous system for U.S. hospitals—automating the back office and bringing AI directly into clinical care.

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🌐 Vietnam’s SSI Digital backs U2U Network to power national Web3 infrastructure

Vietnam’s leading financial institution SSI is going all-in on blockchain, with its tech arm SSID leading U2U Network’s Series A to build the country’s foundational digital infrastructure.

🧠 From brokerage to blockchain
• SSI started in 1999 with 13 employees — now one of Vietnam’s biggest financial players with over $3B in assets
• SSID (SSI Digital) was spun out to focus on blockchain, AI, and digital transformation across finance, healthcare, education, and agriculture
• Runs a $200M+ venture arm with plans to co-invest up to $500M in Web3 and deep tech

🚀 U2U Network as a national backbone
• A Vietnam-built Layer-1 blockchain using DAG architecture and Subnet scaling
• Focused on real-world use: DePIN, RWAs, and enterprise adoption
• Already integrated with major exchanges (KuCoin, Bitget, Gate, etc.) and used by 1M+ users

📣 Not just capital — community
• SSID built a massive retail education engine:
• 262 episodes of “Café Chứng”, a finance TV show
• “Moneyverse” project reaching 8,800+ young investors through talkshows and training
• Hosted 600+ global investor meetings with Citi, Goldman Sachs, and more

SSI isn’t just investing in crypto — it’s helping architect Vietnam’s digital future from the ground up.

🔺 Tadaweb Turns “Small Data” into a Scalable OSINT Engine

Tadaweb, the Luxembourg-based open-source intelligence (OSINT) startup, has raised $20M in growth funding from Arsenal Growth, Forgepoint Capital, and Wendel. The platform helps security and intelligence teams rapidly turn public data into actionable insights—focusing on accuracy over volume.

🔍 Precision-first OSINT for real-world missions
• Extracts high-value “small data” from open sources to reduce analyst workload
• Fully auditable: users see what data was used, when, and how
• Trusted by national security, cyber, and enterprise users across Europe and the U.S.

📊 Strong momentum across government and security
• ~120 employees with 30% revenue growth last year
• Total funding now $40M after an earlier round in 2023
• Used by defense, law enforcement, and threat intel teams in mission-critical environments

🧭 Scaling transparent intelligence infrastructure
• Founded in Luxembourg with a growing U.S. and UK footprint
• Arsenal Growth’s Jason Rottenberg and Forgepoint’s Damien Henault join the board
• New funds will go to hiring, product development, and international go-to-market

Tadaweb is redefining open-source intelligence by making it faster, more precise, and more accountable—exactly what modern security teams need.

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⚙️ Snowcap Bets on Superconductors to Reinvent AI Infrastructure

Snowcap Compute has raised $23M in seed funding to build superconducting chips that could dramatically outperform today’s silicon-based AI hardware. The round was led by Playground Global, with participation from Cambium Capital and Vsquared Ventures. Their goal: solve AI’s growing power problem with a fundamentally different architecture.

⚙️ Cryogenic chips with radical efficiency gains
• Uses niobium titanium nitride to enable near-zero resistance at cryogenic temps
• Promises up to 25× better performance per watt vs. current AI chips
• Designed to work in tandem with industrial cooling systems for total energy savings

📈 Early momentum and heavyweight backers
• Led by former Cadence executive Michael Lafferty, with PhDs from Northrop and Imec
• Backed by Pat Gelsinger (former Intel CEO), now a GP at Playground
• First chip expected in 2026, with system builds to follow

🌐 A bold shift beyond Moore’s Law
• Targets hyperscale data centers strained by Nvidia-powered compute demand
• Compatible with 300mm fabs—easing future manufacturing scale
• Materials sourced from Brazil and Canada to support global supply chain

Snowcap isn’t chasing incremental gains—it’s betting on a new paradigm where superconductors make AI compute radically faster and cleaner.

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⚖️ Harvey Builds AI Infrastructure for the Legal World

Harvey, the AI startup transforming legal workflows, has raised a $300M Series E co-led by Kleiner Perkins and Coatue, with participation from Sequoia, OpenAI Startup Fund, DST, and others. The round doubles its valuation to $5B, reinforcing its lead as the go-to AI platform for legal professionals.

🛸 AI-native tools for legal teams
• Offers tools like Assistant, Workflows, Vault, and Knowledge for research, drafting, and document review
• Built on top of models from OpenAI, Anthropic, and Google
• Used by top global law firms and in-house legal departments to cut hours of manual work

📈 Rapid growth and rising demand
• Run-rate revenue surged from $50M to $75M in just one quarter
• Headcount at ~340, with plans to double over the next 12 months
• Serves over 330 enterprise clients in law, corporate, and regulatory environments

🚀 Expanding into adjacent professional services
• Now integrating legal research via LexisNexis and REV for deeper domain expertise
• Plans to expand product suite into accounting, tax, and compliance workflows
• New capital to fuel R&D, hiring, and global expansion

Harvey is quietly becoming the AI operating system for professional services—starting with law, but scaling far beyond it.

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🧮 Qualytics Brings AI-Grade Data Quality to the Enterprise Stack

Atlanta-based Qualytics has raised a $10M Series A led by BMW i Ventures to scale its platform for augmented data quality. The startup helps enterprises monitor, validate, and trust their data in real time—automatically and at scale.

🛸 Augmented data quality for modern data stacks
• Auto-generates thousands of quality rules across source systems, warehouses, and lakehouses
• Low-code workflows and anomaly detection help teams catch issues early
• Designed to empower both business users and data engineers with continuous observability

📈 Growing demand from data-driven enterprises
• 5× revenue growth over the past year, with wins in financial services and healthcare
• Oversubscribed round with participation from Conductive Ventures, The Hill Fund, and others
• Trusted by companies that rely on real-time, high-integrity data pipelines

🚀 Building the next layer of trust in AI and analytics
• Founded by Gorkem Sevinc and Eric Simmerman with deep roots in data infrastructure
• Funds will go toward scaling engineering, accelerating onboarding, and expanding enterprise go-to-market
• Positioned as a foundational layer for AI workflows and governed analytics

As businesses rush to adopt AI, Qualytics is tackling the invisible risk: dirty data. Their platform ensures the insights you build are only as good as the data behind them.

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🛸 Pangram Builds AI to Spot Machine-Written Text

Pangram, an AI startup founded by former Tesla and Google engineers, has raised a $4M seed round to detect AI-generated content. The company’s active learning model outperforms traditional detectors like Turnitin and is already being used by Quora and NewsGuard.

🧪 Smarter detection through active learning
• Uses a feedback loop to generate hard-to-classify examples for training
• Built on open-source models, offering better performance at lower cost
• Research shows a 38x error reduction vs. standard detection tools

📊 Early traction with power users
• Clients include Quora and media verification firm NewsGuard
• Subscription pricing for individuals, pros, and developers (starts at $15/month)
• Raised from ScOp, Script Capital, Cadenza, Haystack VC, and others

🧬 Stanford roots, big ambitions
• Founded by Bradley Emi and Max Spero, Stanford grads with stints at Tesla and Google
• Currently 8 engineers, aiming to grow post-funding
• Plans to expand beyond enterprise into consumer tools for AI integrity

As AI content floods the internet, Pangram wants to be the backbone of trust—quietly verifying what’s real and what’s synthetic.

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🩺 Abridge Turns Doctor-Patient Talks into Real-Time Clinical Notes

Abridge, a Pittsburgh- and San Francisco-based startup, has raised a $300M Series E led by Andreessen Horowitz to scale its AI that turns medical conversations into structured documentation. Now valued at $5.3B, Abridge aims to eliminate clinician burnout by automating the most tedious part of healthcare: note-taking.

🛸 Real-time AI for medical documentation
• Transcribes and summarizes clinician–patient conversations using ambient AI
• Extracts structured data like ICD-10 and HCC codes at the point of care
• Integrated with EHRs like Epic to support billing, referrals, and medical orders

📈 Rapid growth across U.S. health systems
• Deployed in 150+ systems, processing over 50M conversations annually
• Covers 55 specialties and 28 languages; >90% clinician retention after onboarding
• Reduces documentation time by 60–70% across clinical workflows

👨‍⚕️ Mission-led team with deep healthcare roots
• Founded by cardiologist Dr. Shiv Rao and backed by top-tier VCs including Khosla Ventures
• Now over 100 employees across engineering and clinical operations
• Expanding into inpatient settings and deeper EHR integrations post-funding

As hospitals face soaring admin costs and clinician burnout, Abridge is betting that listening—then writing—can be the most valuable AI skill in medicine.

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🎯 Kalshi Brings Real-World Prediction Markets to Scale

Kalshi, the AI-powered prediction market platform, has raised a $185M Series C round led by Paradigm, with backing from Sequoia, Citadel’s Peng Zhao, Bond Capital, Multicoin, and Neo. The round pushes Kalshi’s valuation to $2B as it accelerates its mission to make event forecasting a mainstream financial instrument.

📱 A regulated exchange for real-world events
• Offers tradable contracts on events like elections, inflation, Fed decisions, and weather
• Fully regulated by the CFTC — a key differentiator from crypto-native prediction markets
• Targets individuals and institutions looking to hedge or profit from macro volatility

📊 Growth fueled by election cycles and market volatility
• Saw massive traction during U.S. midterms and 2024 election run-up
• Positioned as a data-rich alternative to polls and analyst forecasts
• Riding a wave of renewed interest in predictive markets, alongside players like Polymarket

⚖️ From MIT to Wall Street — with a legal edge
• Founded by MIT alums Tarek Mansour and Luana Lopes Lara in 2018
• Recently won a major court battle vs. the CFTC to enable political event trading
• Paradigm’s backing signals confidence in Kalshi’s long-term regulatory defensibility

Prediction markets are evolving into serious financial infrastructure—and Kalshi is building the rails for institutional-grade forecasting.

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🧠 OpenRouter Builds the Universal API for AI Models

OpenRouter, the one-stop routing layer for large language models, has raised a $40M combined Seed and Series A round led by Andreessen Horowitz and Menlo Ventures, with backing from Sequoia and prominent angels. Now valued at $500M, OpenRouter is emerging as core infrastructure for multi-model AI development.

🛸 Unified access to 400+ AI models
• Connects to models from OpenAI, Anthropic, Mistral, Google, Meta, and more via a single API
• Automatically routes requests based on latency, cost, or performance preferences
• Offers transparent pricing and usage tracking across providers with just a 5% platform fee

📈 Surging demand from devs and enterprises
• $100M+ inference run rate as of May 2025 — up 10× since October
• Over 1M developers using the platform, handling trillions of tokens weekly
• Runs on 50+ cloud hosts with edge latency as low as 25ms

🔗 Building the AI infrastructure backbone
• Integrates with Zapier, VS Code, Cloudflare, PostHog, and more
• Partnered early with OpenAI for GPT-4.1 rollout and usage insights
• Offers enterprise-ready tools for routing, analytics, and failover protection

As the AI stack fragments, OpenRouter is stitching it back together—offering developers and enterprises a unified gateway to the future of multi-model AI.

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🧾 Execo Brings Agentic AI to Procurement Workflows

Execo, a New York-based enterprise AI startup, has raised an undisclosed bridge round led by Unlock Partners to accelerate go-to-market growth and expand profitability. The company builds agentic AI systems for contract and supplier management, and now counts over 100 enterprise clients globally.

🛸 Agentic AI for contracts and supply chains
• Automates contract lifecycle management and supplier performance workflows
• Focused on risk mitigation, cost reduction, and supply chain resilience
• Combines generative AI with human-in-the-loop design for ROI and compliance

📊 Growing team, global footprint
• 500 employees across six countries, including teams in Europe and Asia
• Serving Fortune 500 and mid-market companies in procurement-heavy sectors
• Unlock’s Patrick Cao (ex-Tokopedia President) joins the board to support scaling

🧭 Strategic push toward profitability
• Bridge funding supports GTM acceleration and revenue per employee expansion
• Positioning as “the enterprise-grade AI layer” for procurement operations
• Prioritizing sustainable growth before next institutional raise

Execo’s disciplined, applied approach gives it an edge in turning language models into enterprise utility.

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🎙️ Clearspeed Uses Voice AI to Detect Risk in Seconds

Clearspeed, the San Diego-based voice analytics startup, has raised a $60M Series D led by Align Private Capital, with participation from IronGate Capital, Bravo Victor, KBW Ventures, and retired General David Petraeus. The company’s AI listens not to what you say, but how you say it — flagging risk across sectors from insurance to defense.

🛡️ Fast, language-agnostic risk scoring
• Analyzes vocal stress, cadence, and hesitation in 60+ languages — without using speech content
• Classifies high- vs low-risk individuals in real time for claims, security, or fraud workflows
• Delivered as a lightweight API that integrates into existing calls and systems

📈 Dual-use traction across industries
• Trusted by U.S. military, insurers, banks, and government agencies
• Customers report 30× ROI, 2× faster claims decisions, and 40% more instant payouts
• Now active in over a dozen markets with growing demand in the UK, Middle East, and LatAm

🎯 Scaling trust infrastructure for speech
• Originally built for defense vetting, now expanding to enterprise security and customer screening
• Align’s Anna Nekoranec joins the board; Petraeus calls it “outsized value” for vetting and ops
• Plans to double headcount, enhance real-time speed, and deepen commercial integrations

As AI moves beyond text, Clearspeed is turning voice into a trusted signal — helping organizations assess risk in seconds, not days.

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🏦 Digital Asset Is Tokenizing Wall Street’s Core Infrastructure

Digital Asset, the New York–based blockchain infrastructure firm, has raised $135M in a fresh funding round backed by Goldman Sachs, Citadel Securities, BNP Paribas, Virtu, and DTCC. The round was led by Tradeweb and DRW’s VC arm to accelerate adoption of the Canton Network, a privacy-preserving blockchain for regulated finance.

🔗 Institutional-grade blockchain for real-world assets
• Canton enables atomic settlement and tokenization of assets like bonds, repos, and funds
• Built for compliance and privacy — unlike public chains — using Digital Asset’s Daml smart contract language
• Positioned as a “network of networks” for interoperable, institutional finance

📊Trillions already flowing through the system
• Live since 2024, Canton supports trillions in tokenized assets across finance and trading
• Used by Tier 1 players including Goldman, Deutsche Börse, DTCC, and now Citadel
• Designed to allow asset managers, custodians, and banks to build compliant blockchain applications

🎯 Building the infrastructure layer for tokenized finance
• Digital Asset CEO Yuval Rooz says the raise “cements blockchain’s transformative promise”
• New funding to onboard more financial institutions and asset classes
• Strategic push as Wall Street shifts from blockchain pilots to production-scale adoption

Digital Asset is quietly becoming the plumbing layer for the next generation of financial markets.

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⚡️ Senra Automates the Wiring Behind Aerospace, EVs & Medical Devices

Senra Systems, a Redondo Beach–based startup founded by ex-SpaceX engineers, has raised a $25M Series A to modernize wire harness design and manufacturing. The round was led by CIV (founded by Figma’s Dylan Field) with backing from General Catalyst, Sequoia, Founders Fund, a16z, 8VC, and others.

🛸 Smarter software for physical wiring
• “Amp” is Senra’s custom design platform replacing Excel, Visio, and PDFs in complex wiring workflows
• Enables rapid design, simulation, and error detection — built for high-regulation industries
• Paired with Senra’s assembly-as-a-service model to deliver harnesses 3× faster

🚀 Serving aerospace, defense, and deep tech
• Already shipping to customers like Anduril and other defense, aviation, EV, and medical firms
• Automates critical wiring that powers planes, satellites, robots, and medical equipment
• U.S.-based manufacturing in Redondo Beach supports fast, secure turnaround for strategic sectors

⚙️ Rewiring industrial manufacturing at scale
• Founders Jordan Black and Ben Shanahan aim to modernize a $350B+ global harness industry
• Funding will expand factory capacity and launch Amp to more enterprise design teams
• Board and backers bring top-tier tech and defense experience to scale adoption

While others chase frontier tech, Senra is quietly modernizing a mission-critical backbone of hardware — and turning wiring into a software-native, on-demand service.

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🛰️ Xona Launches Next-Gen GPS from Space and Raises $92M to Scale It

Xona Space Systems, a Burlingame-based startup reinventing satellite navigation, has raised a $92M Series B after launching Pulsar-0, its first production-class satellite. The round was led by Craft Ventures with participation from Toyota Ventures, Seraphim, NGP Capital, and a $20M strategic award from the U.S. Space Force’s SpaceWERX.

📡 Precision GPS from low Earth orbit
• Pulsar satellites broadcast encrypted signals 100× stronger than GPS — even in cities and indoors
• Delivers centimeter-level accuracy to standard receivers without bulky new hardware
• Designed to resist jamming and spoofing with military-grade authentication

🚀 Moving from demo to deployment
• Pulsar-0 launched May 2025; full constellation planned for 2026–28
• Target customers: defense, autonomous vehicles, logistics, aviation, and finance
• Working with chipset and device makers to enable plug-and-play upgrades for existing systems

⚙️ A deep-tech team with strategic momentum
• Founded by aerospace engineers with DARPA and GNSS experience
• U.S. Air Force and Space Force backing signals national security alignment
• Craft Ventures’ Sky Dayton joins the board to support commercial expansion

As GPS hits its limits, Xona is building the resilient, high-precision satellite layer modern systems—and geopolitics—will depend on.

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🇫🇷 Bonx Brings AI-Powered ERP to European Factories

Bonx, a Paris-based startup building ERP software for mid-sized manufacturers, has raised an $8.6M (€7.3M) Seed round to expand across Europe. The round was led by 9900 Capital with backing from Kima Ventures, Dynamo Ventures, Purple, and OSS Ventures.

🛸 AI-driven ERP tailored for factory floors
• Built for mid-market industrial firms overlooked by legacy ERPs
• No-code setup and LLM-based customization enable fast onboarding without consultants
• Covers production, procurement, logistics, and quality—integrates with existing CRM/finance tools

🌍 Scaling across Europe’s industrial heartland
• Early traction in France; now expanding into Italy and Spain
• Targets manufacturers that need flexible digital systems but lack IT teams
• Deployments go live in weeks, not years—key differentiator vs traditional vendors

⛏ Founders with deep factory and ERP DNA
• CEO Alexandre Barroux built 8 industrial SaaS startups through OSS Ventures
• CTO Rémi Bèges holds a PhD in electronics and has built 3 ERPs from scratch
• Bonx spun out of OSS Ventures, which specializes in industrial startup creation

Europe’s industrial SMEs are hungry for tech that fits them—not the other way around. Bonx is betting that fast, AI-powered ERP is the wedge to win that $100B+ market.

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💎 Gemist Powers Custom Jewelry with Plug-and-Play 3D Design Platform

Gemist, a Los Angeles–based startup transforming how fine jewelry is designed and sold, has raised a $6M seed round to expand its white-labeled SaaS platform. The round was led by Entrada Ventures, with participation from Artemis Fund, Beechwood Capital, and others, bringing its total funding to $9M.

🧠 3D customization made simple for jewelers
• Photoreal visualization engine lets customers design and preview jewelry in real time
• Covers dynamic pricing, e-commerce, and production management in one platform
• Requires no CAD expertise—jewelers can launch with zero dev effort

📈 Faster sales, bigger baskets
• Retailers report 400% faster sales cycles and 300% higher average order values
• Over 14,000 custom pieces are designed weekly across web, mobile, and in-store
• Integrates seamlessly with existing commerce workflows

👑 Founder-led with a sharp pivot
• CEO Madeline Fraser shifted Gemist from DTC to B2B SaaS in 2022 after seeing broader demand
• Founded out of personal frustration trying to customize a ring online
• Now focused on enabling small and mid-sized jewelers to compete with luxury digital experiences

As jewelry buyers demand personalization and transparency, Gemist is arming retailers with the tools to deliver both—no showroom or 6-week CAD cycle required.

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