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  • Databricks Raises $4B at a $134B Valuation • Lovable Hits a $6.6B Valuation • SpaceX Kicks Off IPO Bank Talks • Microsoft Locks In 3.6M Tons of Carbon Removal • NVIDIA Unveils Nemotron 3 Open Models

Databricks Raises $4B at a $134B Valuation • Lovable Hits a $6.6B Valuation • SpaceX Kicks Off IPO Bank Talks • Microsoft Locks In 3.6M Tons of Carbon Removal • NVIDIA Unveils Nemotron 3 Open Models

AI infrastructure continues to compound, developer tools sprint ahead, and climate and defense initiatives quietly secure massive commitments. This is one of those days where scale and speed matter.

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Your dose of daily dealflow, essential VC & tech trends to know. The biggest moves in venture, all in one place. Celebrating startups, founders, and funders.

🧑‍🍳 Let’s get right into it…

📊 Databricks pulled in $4B at a $134B valuation, cementing itself as the backbone of enterprise AI stacks.

💻 Lovable jumped to a $6.6B valuation on undisclosed funding, underscoring investor appetite for AI-native coding platforms.

🚀 SpaceX kicked off IPO prep by interviewing Wall Street banks, signaling public markets are firmly back on the table.

🌱 Microsoft locked in 3.6M metric tons of carbon removal as data center emissions pressure climate pledges.

🧠 NVIDIA debuted Nemotron 3 open models, tightening its grip on agentic AI infrastructure.

🛡️ Defense tech stayed hot as Long Wall unveiled a new surface-launched missile following its company revamp.

🧑‍🚀 Top Deals You Can’t Miss

1️⃣ SpaceX – $1.25B secondary share sale implying an ~$800B valuation as the company kicks off IPO bank talks.

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2️⃣ Databricks – $4B Series L at a $134B valuation, reinforcing its position as core enterprise AI infrastructure.

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3️⃣ Lovable – Funding undisclosed at a $6.6B valuation, marking one of the fastest scale-ups in AI developer tools.

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🧠 Dopamine Dealflow

🌳 Series B+ & Growth

  • Databricks, a San Francisco-based data and AI platform company, raised $4.0 billion in Series L funding at a $134 billion valuation. Insight Partners, Fidelity Management & Research, and J.P. Morgan Asset Management led the round and were joined by additional institutional investors.

  • Chai Discovery, a San Francisco-based AI drug discovery company, raised $130 million in Series B funding at a $1.3 billion valuation. General Catalyst and Oak HC/FT co-led the round and were joined by OpenAI and Lightspeed.

  • Octane, a New York-based fintech focused on recreational purchase financing, raised $100 million in Series F funding. Valar Ventures led the round and was joined by existing investors.

  • BlossomHill Therapeutics, a San Diego-based clinical-stage biopharmaceutical company, raised $84 million in a Series B extension. Existing investors participated.

  • PolyAI, a London-based enterprise voice AI company, raised $86 million in Series D funding. Hedosophia led the round and was joined by GV, Khosla Ventures, and Point72 Ventures.

  • Esusu, a New York-based fintech focused on rent-to-credit reporting, raised $50 million in Series C funding at a $1.2 billion valuation. Westbound Equity Partners led the round and were joined by SoftBank Opportunity Fund and Serena Ventures.

  • Nanit, a Los Angeles-based smart baby monitoring company, raised $50 million in growth funding. Springcoast Partners led the round and were joined by Upfront Ventures and JVP.

  • Axion, a New York-based AI manufacturing quality platform, raised $37 million in Series B funding. Salesforce Ventures led round and was joined by Bessemer Venture Partners, Schneider Electric Ventures, and other existing investors.

🚀 Series A

  • Link Cell Therapies, a San Francisco-based oncology cell therapy company, raised $60 million in Series A funding. Round was led by Johnson & Johnson.

  • PsiThera, a Watertown, Massachusetts-based biotech company, raised $47.5 million in Series A funding. Samsara Biocapital and Lightstone Ventures led round and were joined by Roivant, YK Bioventures, Eurofarma Ventures, and others.

  • Cellular Origins, a Cambridge, UK-based cell therapy manufacturing startup, raised $40 million in Series A funding. Johnson & Johnson led the round.

  • Jutro Medical, a Warsaw-based AI-powered primary care provider, raised €24 million in a Series A extension. Warsaw Equity led the round and was joined by Inovo VC, Fluent Ventures, and others.

  • YSE Beauty, a Los Angeles-based clean beauty brand, raised $15 million in Series A funding. Silas Capital led the round and was joined by L Catterton.

  • MEQ Solutions, a Melbourne-based red meat grading and quality measurement company using AI, raised $15 million in Series A funding. Insight Partners led the round.

  • Agreenculture, a Toulouse-based agricultural robotics startup, raised €6 million in Series A funding. Supernova Invest led the round and was joined by Future Food Fund and Unilis.

🌱 Seed & Early Rounds

  • Vital Lyfe, a San Francisco-based atmospheric water generation startup, raised $24 million in seed funding. General Catalyst and Interlagos led the round and was joined by Generational Partners, Also Capital, Cantos, and Space VC.

  • Mirelo, a Berlin-based generative AI media startup, raised $41 million in seed funding. Index Ventures led the round and was joined by Andreessen Horowitz.

  • Auxira Health, a Chicago-based virtual cardiology company, raised $7.8 million in seed funding. Route 66 Ventures and Abundant Venture Partners co-led the round.

  • Navier, a San Francisco-based autonomous hardware engineering startup, raised $5.6 million in seed funding. Investors included Google Ventures, HCVC, and Y Combinator.

  • AIR, a New York-based AI-driven credit intelligence startup, raised $6.1 million in seed funding. Work-Bench Ventures led the round and was joined by Lerer Hippeau.

  • First Voyage, a San Francisco-based AI companion app startup, raised $2.5 million in seed funding. a16z Speedrun led the round and was joined by SignalFire and True Global Ventures.

  • Repsense, a Prague and Vilnius-based dual-use data analytics company, closed $2.0 million in seed funding. The round was led by Tensor Ventures and Seed Starter.

  • MyDello, a Tallinn-based logistics startup, raised €3.1 million in early-stage funding. Investors included Frumtak Ventures and Superhero Capital.

  • Soverli, a Zurich-based cybersecurity startup, raised $2.6 million in pre-seed funding. The round was led by Founderful and joined by ETH Zurich Foundation and Venture Kick.

  • HP-1, a London-based productivity supplement startup, raised nearly £1 million in early-stage funding. Social media star Yianni Charalambous led the round.

  • Aurassure, a Bhubaneswar-based climate tech startup, raised ₹25 crore in Pre-Series A funding. Investors included Rainmatter and Unicorn India Ventures.

  • Bloxley, a blockchain infrastructure startup, raised $2.5 million in seed funding. Angel investors led the round.

🤝 Strategic, M&A & Undisclosed

  • Lovable, a Stockholm-based AI-powered coding platform, raised undisclosed funding at a $6.6 billion valuation. Accel led the round and was joined by Creandum and existing investors.

  • SpaceX, a Hawthorne, California-based aerospace company, completed a $1.25 billion secondary share sale, implying an ~$800 billion valuation. Existing insiders backed the transaction.

  • Cofactor Genomics, a St. Louis-based diagnostics company, received a strategic investment from Labcorp and Ascension Ventures.

  • Strada, a Los Angeles-based video production software startup, received a strategic investment from OWC.

  • NextPoint Group, a Herndon-based defense technology provider, received an investment from Godspeed Capital Management.

  • Skyblue Analytics, a Montevideo-based fintech infrastructure company, received strategic funding. The round was led by key partners including Merchant Seven, A3 Mercados, Matba Rofex, PrimaryX, and Draper Angels LATAM.

  • Greenyard, a Belgium-based food production company, received a majority investment from Solum Partners.

🤝 Mergers & Acquisitions

  • Via, a New York-based public transit technology company, acquired Downtowner, a transportation software provider.

  • CentralSquare Technologies, a Florida-based public sector software provider, acquired FirstTwo, a situational intelligence platform.

  • BlackLine, a Los Angeles-based financial operations platform, acquired WiseLayer, an AI-powered digital workforce startup.

💸 VC Funds Raised & Raising

  • AVM SGR, a Milan-based venture firm, launched Gaia Growth, a €300 million umbrella fund investing across five funds.

  • Lightspeed Venture Partners, a Menlo Park-based venture capital firm, closed more than $9 billion across six investment vehicles.

  • SV Health Investors, a life sciences investment firm, secured a $100 million cornerstone commitment from the British Business Bank for SV8 Biotech Fund LP.

  • The Nordic Web Ventures, a Copenhagen-based early-stage venture firm, raised $6 million for Fund III.

  • Scale Asia Ventures, a Palo Alto-based venture firm, expanded its cross-border AI investment platform.

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📚 Read of the Day

💻 Lovable hits a $6.6B valuation as vibe coding goes mainstream

Lovable closed a new funding round, valuing the company at $6.6 billion, highlighting explosive demand for AI systems that turn natural language into complete applications. The funding amount was not disclosed, but the valuation jump signals investor conviction in developer tools as one of AI’s fastest-scaling categories.

Why it matters: Developer productivity is becoming one of the clearest revenue paths in AI, and Lovable is emerging as a category-defining winner.

📰 News You Don’t Want To Miss

🌱 Microsoft buys 3.6M metric tons of carbon removal from bioenergy plant – Hyperscalers lean harder on carbon removal credits.

⚖️ Trump’s AI executive order promises one rulebook, startups may get legal limbo instead – Regulatory clarity may take longer than expected.

🚕 Zevo wants to add robotaxis to its car-share fleet – Autonomy meets shared mobility.

🎧 Google Translate now lets you hear real-time translations in your headphones – Real-time speech translation inches closer to everyday use.

🚀 SpaceX starts a Wall Street bake-off to hire banks for possible IPO – Early IPO prep signals confidence in public markets.

🤖 iRobot files for bankruptcy – A cautionary consumer robotics reset.

🧠 NVIDIA debuts Nemotron 3 family of open models – NVIDIA tightens its grip on AI infrastructure.

🛡️ Long Wall unveils surface-launched missile following company revamp – Defense tech momentum continues.

✈️ Saudi Arabia partners with Archer Aviation on electric air taxis – Regulatory groundwork moves forward for eVTOLs.

💰 Elon Musk becomes first person worth over $600 billion – SpaceX and AI exposure continue to compound.

🚘 Ford’s next F-150 Lightning will have a gas generator – Automakers reassess all-electric strategies.

🎥 Disney’s OpenAI deal is exclusive for just one year – Media companies keep AI partnerships flexible.

OVER AND OUT, BACK TO THE GRIND ⚙️

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