AI
Adobe Rilo Acquisition Brings AI Marketing Startup Into Adobe
Adobe Rilo acquisition brings the Indian AI startup's technology and six-member team into Adobe as it expands agentic marketing and workflow automation.
Startups
Funding rounds, founder stories, and the companies trying to change the world - from seed stage to IPO.
Security
Palo Alto Networks Paid $500M for AI Startup Console, Sources Say
Palo Alto Networks reportedly paid $500 million for Console, a two-year-old AI startup that automates IT help desk work.
AI
Wispr Flow Launches AI Meeting Notetaker That Doesn't Need a Meeting Bot
Wispr Flow has introduced an AI meeting notetaker for Mac that captures system audio, creates transcripts, summarizes discussions, and tracks action items without adding a bot to video calls.
AI
Cursor Launches ₹649 India-Only Plan With Grok 4.5 and UPI Payments
Cursor Start India goes live at ₹649 per month with Grok 4.5, cloud agents, and UPI payments. Start excludes frontier models from OpenAI and Anthropic.
Startups
Etched Raises $300 Million at $10.3 Billion Valuation to Build Frontier Inference Clusters
Etched raises $300 million at a $10.3 billion valuation, doubling its worth in 23 days. Sequoia leads alongside a16z, Jane Street, and SK Hynix.
AI
DeepSeek Raised $7.4 Billion Last Month at $50 Billion. Now It Wants $1.5 Billion More and a 2027 IPO
DeepSeek raised $7.4B in June at a $50B valuation. Bloomberg reports it's already in talks for another $1.5B at $71B - and targeting a 2027 IPO.
AI
Ollama Raises $65M Series B, Now at 8.9 Million Developers
Ollama raised $65M Series B, led by Theory Ventures and Benchmark. The platform counts 8.9 million developers and adds nearly 1M installs weekly.
AI
Norm AI Raises $120 Million at $1.2 Billion - an AI Law Firm That Bills by Results, Not Hours
Norm AI raised $120 million at $1.2 billion today. Khosla leads, with Vanguard and TIAA also in. Its AI law firm bills by outcomes, not hours.
AI
TwelveLabs Raises $100M and Signs AWS Trainium Deal to Scale Video AI
TwelveLabs raised $100M Series B with Amazon signing on as preferred cloud partner - new models will optimize for AWS Trainium and launch there first.
AI
Together AI Raises $800 Million at $8.3 Billion to Run Open-Source Models at Enterprise Scale
Together AI raised $800 million in a Series C at an $8.3 billion valuation. Customers including Cursor and Cognition report 6x to 60x cost savings over closed models.
Startups
Reflection AI Is Paying SpaceX $150 Million a Month. No Model Has Shipped.
Reflection AI started paying SpaceX $150 million a month on July 1 for Nvidia GB300 access at Colossus 2. No model has shipped yet.
AI
California Takes Claude at 50% Off as Federal Government Calls Anthropic a Risk
California signed a deal giving all state agencies Claude at 50% off. Three months earlier, the Pentagon declared Anthropic a supply-chain risk.