31 stories from 6 sources
The week in Startups and VC
Click on a headline to see stories that shaped it.
Threads
3 threads
The week's largest commitments targeted AI's physical and technical backbone: MGX assembled a $49 billion fund, Together AI raised $800 million for open-model infrastructure, and Switch pursued about $2 billion for data centers. Together, these deals show capital moving from model development toward the constrained systems needed to run AI at scale.
AI companies increasingly connected valuation to evidence beyond fundraising. Arena cited a $100 million run rate, EquiLibre built revenue-generating systems for quantitative funds, and Wayve used an $8.5 billion valuation to offer employees liquidity before an IPO.
Robotics attracted substantial backing across markets, with two Chinese startups reaching valuations above $2.9 billion and a robot-hand company settling a trade-secret case while announcing an $11 million raise. The activity points to continued funding for automation despite the week's stronger emphasis on AI infrastructure.
Day’s Recap