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Other Developments
A curated list of other prominent stories from this day.
5:30 PMTechCrunch
Defense tech, AI, and fundraising take center stage at StrictlyVC Los Angeles on June 18
Summary
A StrictlyVC event on June 18 at The Aerospace Corporation campus in Los Angeles will convene investors, founders, and tech leaders to discuss venture capital shifts spanning defense technology, AI, and advanced industry. The event is positioned as a forum for conversation and networking, with registration open.
Why it matters
Where VCs choose to spend time and attention signals which sectors are becoming fundable at scale and what execution proof points founders will need to raise.
Supabase Raises $500 Million as AI Agents Spark Database Explosion
Summary
Supabase raised $500 million in a Series F round to scale its open source Postgres-based developer platform and expand into infrastructure for AI agents. The company says enterprises are using Supabase as the backend for AI-native applications as database demand accelerates.
Why it matters
If AI agents increase database intensity, the winners will be the platforms that make Postgres easy to ship, scale, and govern, and this round positions Supabase to try to own that layer.
Expense management startup Ramp raised $750 million in a Series F round, valuing the company at $44 billion. The funding underscores continued investor demand for high-growth fintech infrastructure tied to corporate spend control.
Why it matters
The round signals that late-stage capital is still available for fintech winners, raising the bar for everyone else in spend management and corporate finance software.
Kodesage raises $6.6M to modernise legacy enterprise software with on-premise AI
Summary
Kodesage raised $6.6 million to use on-premise AI to modernize legacy enterprise software for regulated customers such as banks. The round drew backing from Mario Götze and Christian Szegedy, among others.
Why it matters
If on-prem AI modernization works at scale, it unlocks large, compliance-bound enterprise budgets that cloud-first AI vendors struggle to reach.