🧑‍🚀 Top Deals You Can’t Miss

1️⃣ Amazon finalizes its $50B U.S. government AI-infrastructure contract, one of the largest federal AI modernization deals ever.

2️⃣ Revolut, A $75B valuation in a major secondary sale as global investors bought employee and early-shareholder stakes.

3️⃣ X-energy, $700M Series D that accelerates advanced nuclear system deployment and TRISO fuel production.

🧠 Dopamine Dealflow

🌳 Series B+ and Growth

• X-energy, a Rockville, Maryland-based developer of advanced small modular nuclear reactors and TRISO fuel, raised $700 million in Series D funding. Jane Street Capital led the round and was joined by ARK Invest, Ares Management, Capricorn Investment Group, Cavallo Energy, Ontario Power Generation Pension Plan, and other institutional investors with strategic support from Amazon via long-term power agreements and options.

• Eon, a New York and Tel Aviv-based cloud backup platform, raised hundreds of millions of dollars in late-stage funding at a $4 billion valuation. BOND and existing investors, including Sequoia Capital, Greenoaks, and Lightspeed Venture Partners, participated.

• Quantum Systems, a Munich-based developer of dual-use AI-enabled uncrewed aerial systems, raised 160 million euros in Series C funding. Balderton Capital led the round and was joined by Hensoldt, Airbus Defence and Space, Bullhound, LP, and E, as well as existing investors.

• Overstory, an Amsterdam-based vegetation intelligence platform for utilities, raised $43 million in Series B funding. Blume Equity led the round and was joined by Energy Impact Partners, B Capital, Semapa Next, Pale Blue Dot, and others.

• Huha Wear, a Vancouver-based intimate apparel brand, raised $20 million in growth funding. District Ventures Capital led the round, with Export Development Canada and other participants joining.

🚀 Series A

• Model ML, a New York-based AI workflow automation platform for financial services, raised $75 million in Series A funding. FT Partners led the round and was joined by Y Combinator, QED Investors, 13Books Capital, Latitude, and LocalGlobe.

• Clover Security, a Tel Aviv-based AI-driven product security company, raised $36 million across its Series A and prior seed. Notable Capital and Team8 led the round with participation from SVCI and several cybersecurity leaders.

• Stuut, a San Francisco-based AI accounts receivable automation platform, raised $29.5 million in Series A funding. Andreessen Horowitz led the round and was joined by Activant Capital, Khosla Ventures, 1984 Ventures, Page One Ventures, and others.

• Nest Health, a New Orleans-based in-home care provider for Medicaid families, raised over $22.5 million in Series A funding. Socium Ventures led and was joined by Amboy Street Ventures, Impact America Fund, Hopelab, University Growth Fund, and Luminary Impact Fund.

• Cerrion, a Zurich-based AI video agent for factory production lines, raised 18 million dollars in Series A funding. Creandum led the round, with Y Combinator, Goat Capital, 10x Founders, Session VC, and notable angels joining.

• Plentify, a Cape Town-based electrotech company that orchestrates household appliances to use cheaper, cleaner energy, raised nearly $15 million in Series A funding. Secha Capital, Buffet Investments, and a South African family office led the round.

• Momentic, a San Francisco-based AI-native software testing platform, raised $15 million in Series A funding. Standard Capital led the round, with Dropbox Ventures and existing backers joining.

• PowerUP Energy Technologies, a Tallinn-based hydrogen fuel cell generator company, raised 10 million euros in Series A funding. Mercaton and ScaleWolf led the round with additional participation from SmartCap Green Fund.

• Find Your Grind, a Santa Monica-based career exploration platform for students, raised $5 million in Series A funding. Echo Investment Capital led the round with participation from Gross Labs.

🌱 Seed and Early Rounds

• Lumia Health, a Boston-based smart earring health-tech company, raised $7 million in seed funding. Khosla Ventures led the round with participation from Andreessen Horowitz, Neo, and others.

• Mira, a San Francisco-based audio-first AI smart glasses maker, raised $6.6 million in seed funding. General Catalyst led the round with participation from Y Combinator and angels.

• Maritime Fusion, a Halifax-based maritime intelligence and operations platform, raised 4.5 million dollars in seed funding. Trucks Venture Capital led the round, with participation from Aera VC, Y Combinator, Alumni Ventures, and others.

🤝 Strategic, M&A and Undisclosed

• Locusview, a Chicago and Tel Aviv-based digital construction management platform for utilities, agreed to be acquired by Itron for $525 million in cash.

• Revolut, a London-based global fintech platform, completed a large secondary sale that valued the company at $75 billion. Buyers included Coatue, Greenoaks, Dragoneer, Fidelity, and NVentures.

• Autonomy, a Santa Monica-based EV subscription company, secured $25 million in debt financing from SR Alternative Credit, arranged by Finacity.

💸 VC Funds Raised and Raising

• VL Fund, founded by Victor Lazarte, raised $200 million for its debut early-stage Latin America fund. Backers include global institutions, family offices, and tech founders.

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📚 Read of the Day 

Nvidia, Google, and Meta’s Quiet Chip Power Play

The Battle for AI Compute Is Getting Louder

Nvidia shares slipped after reports that Google and Meta are in talks for a multibillion-dollar custom AI-chip deal. The discussions focus on shifting future compute workloads toward alternative chip options that reduce reliance on Nvidia’s high-end accelerators.

The Strategy

Google and Meta are seeking more control over AI infrastructure costs. By expanding custom-chip development and sourcing, they can mitigate supply constraints and avoid escalating GPU competition.

Powered By

Both companies have in-house silicon programs. Scaling them requires deepening partnerships with advanced foundries and design partners. A multibillion-dollar commitment would signal a more industrialized shift.

The Backstory

Nvidia has dominated the market due to its performance edge and global GPU shortages. As hyperscalers mature their internal chip roadmaps, they are beginning to broaden their supplier mix and explore long-term alternatives.

Why It Matters

This is an early sign that hyperscalers may diversify away from Nvidia in 2025. For founders and investors, the shift suggests that AI infrastructure is becoming a multi-chip landscape with new openings across compilers, orchestration, model optimization, and custom silicon.

👉 Read The Whole Story Here

📰 News You Don’t Want To Miss

🧠 NVIDIA's stock dips as Google and Meta explore a multibillion-dollar AI chip deal
Big Tech is considering shifting AI chip spend toward alternative suppliers.

💼 Elon Musk’s xAI nears $15 billion raise, closing in December
The deal would value the company around 230 billion dollars.

🌍 Google and Accel launch joint effort to back India’s next AI startups
Co-investments of up to 2 million dollars per startup through Accel’s Atoms program.

🤖 Anthropic debuts Opus 4.5 with Chrome and Excel integrations
The update enhances coding and enterprise tool capabilities.