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- Ramp Raises at a $22.5 Billion Valuation, Zuck x Superintelligence, AI Defense & Security Take Center Stage
Ramp Raises at a $22.5 Billion Valuation, Zuck x Superintelligence, AI Defense & Security Take Center Stage
From Ramp’s $22.5B fintech surge to a $20B security megadeal, today’s headlines show how AI, defense tech, and next-gen automation are reshaping the future of venture capital.

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…
Ramp hits $22.5B value. Fintech startup Ramp just raised $500M (Series E‑2) led by ICONIQ. The company is growing fast thanks to AI tools and is already showing signs of profitability.
Kraken eyes $15B valuation with $500M raise. Crypto exchange Kraken is reportedly planning to raise $500 million at a $15 billion valuation, signaling strong institutional investor interest as it gears up for a potential IPO in early 2026.
AI that thinks for itself. In Asia, companies in Japan, China, Singapore, and India are moving past basic AI to create systems that plan, act, and adapt on their own—a trend some are calling “Automation 2.0.”
Palo Alto’s $20B security deal. Palo Alto Networks is close to buying CyberArk in a deal worth over $20B, aiming to strengthen its security for the AI era.

🧠 Dopamine Dealflow
💰 Massive Rounds (€50M+ / $50M+)
Ramp (New York, NY) – $500M Series E-2 led by ICONIQ, with backers including Sutter Hill Ventures, Lightspeed, T. Rowe Price, GV, Emerson Collective, and Operator Collective.
ETHZilla (formerly 180 Life Sciences) (San Francisco, CA) – $425M private round backed by Polychain Capital, Electric Capital, and GSR to pivot toward an ether-focused treasury strategy.
FarmOp Capital (Des Moines, IA) – $250M investment from Carlyle to expand flexible financing for U.S. row crop farmers.
Writer (San Francisco, CA) – $200M Series C led by Premji Invest, Radical Ventures, and ICONIQ Growth to scale its enterprise AI Action Agent; now valued at $1.9B.
Lyten (San Jose, CA) – $200M+ equity round led by Prime Movers Lab to expand lithium-sulfur battery production in the U.S. and Europe.
Aidoc (Tel Aviv, Israel) – $150M raise led by General Catalyst and Square Peg to scale its AI-powered Healthcare Foundation Model and aiOS platform.
Observe (San Mateo, CA) – $156M Series C led by Sutter Hill Ventures with Madrona Ventures and Snowflake participating.
Oxide Computer Company (Emeryville, CA) – $100M Series B led by US Innovative Technology Fund, joined by all existing investors.
Ambience Healthcare (San Francisco, CA) – $70M Series B led by Kleiner Perkins and OpenAI Startup Fund to grow its AI copilot for doctors.
Positron AI (Austin, TX) – $51.6M Series A led by Valor Equity and Atreides to scale U.S.-built inference chips and launch next-gen Atlas products.
📈 Mid-Sized Rounds ($40M–$49M)
Aeva Technologies (Mountain View, CA) – $50M equity investment from LG Innotek as part of a manufacturing partnership for 4D LiDAR.
RD Technologies (Hong Kong, Hong Kong) – $40M Series A2 led by ZA Global and China Harbour to scale its stablecoin infrastructure stack.
🌱Seed & Series A ($10M–$30M)
Sparrow (San Francisco, CA) – $35M Series B led by SLW and WndrCo to grow its AI-driven leave management solution.
Fable Security (New York, NY) – $31M raise from Greylock and Redpoint to stop AI scams with real-time human risk management.
Arbital Health (Boston, MA) – $31M Series B led by Valtruis to modernize infrastructure for risk-based care contracts.
C8 Health (Tel Aviv, Israel) – $12M Series A led by Team8 to bring AI-powered clinical best practices to hospitals.
Planted Solar (Denver, CO) – $12M raise led by Piva Capital and Breakthrough Energy to simplify residential solar projects.
Scopio Labs (Tel Aviv, Israel) – $10M Series D extension led by Viola Growth to roll out its AI blood morphology analyzer.
Trovata (San Diego, CA) – $9M Series B extension with State Street and PNC, alongside acquiring ATOM for treasury tech enhancements.
Also acquired ATOM to enhance its treasury platform capabilities.
Due (London, UK) – $7.3M seed extension led by Speedinvest to scale borderless payments with stablecoin APIs.
Trustfull (Milan, Italy) – €6M raise led by Seaya Ventures to expand its AI fraud prevention suite across Europe.
Lyra (San Francisco, CA) – $6M seed led by 468 Capital to reinvent sales meetings with an AI-native platform.
Caspian (San Francisco, CA) – $5.4M seed led by Primary Venture Partners to automate customs compliance via AI.
Numan (London, UK) – $5.4M raise to scale its digital health platform delivering online care for conditions like ED and weight management
🤝 Strategic & Growth Investments
ArcSpan (New York, NY) – $5.2M Seed Extension to expand tools that turn first-party data into revenue.
Maro (New York, NY) – $4.3M Seed to scale its behavioral cybersecurity platform focused on human risk.
UgenticAI (Rockville, MD) – $4M Seed to build autonomous AI solutions for SMBs.
Retab (Paris, France) – $3.5M Pre-Seed to automate structured data from messy docs with AI.
Sharpsell.ai (Mumbai, India) – ₹30 Cr Series A to build sales automation for SaaS sales teams.
Emulait (Los Angeles, CA) – $3M Media-for-Equity from Mercurius Media Capital to grow its U.S. presence.
ClarityPay (Atlanta, GA) – Equity round (undisclosed) led by TTV Capital following a $1B purchase program with Neuberger.
MAGENTIQ EYE (Tel Aviv, Israel) – Series A (undisclosed) for AI-assisted colonoscopy software.
HealthMark Group (Dallas, TX) – Strategic growth investment from TA Associates and Ridgemont Equity Partners.
Stackgini (Cologne, Germany) – Pre-Seed to power better IT decisions through data-driven insights.
AskTuring.ai (San Diego, CA) – Pre-launch round (undisclosed) for a privacy-first AI platform.
Matrice.ai (Berkeley, CA) – Expanded Seed (multi-million) to scale its modular Vision AI factories globally.
Hightouch (San Francisco, CA) – Strategic investment from Snowflake and Capital One Ventures to fuel AI-powered marketing solutions.
💸 VC Funds Raised & Raising
50 South Capital Advisors raised $2.1 B across two flagship private equity and secondaries funds, deepening Northern Trust Asset Management’s alternative investments strategy.
Tacora Capital raised $685 M for its second venture debt fund, backed by Peter Thiel, Marc Andreessen, and Joe Lonsdale, to fund startups across the finance and insurance sectors.
Deciens Capital (Global) – $93.3M Fund III to back early-stage fintech founders building infrastructure and AI-driven tools across global markets.
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📰 News You Don’t Want To Miss

📖 Read of the Day
Meta’s open-source playbook is changing.
Zuckerberg signals a shift away from full transparency as the company builds more powerful AI models.
The move sparks debate over safety, ethics, and control in the race toward AGI.
With frontier models in development, Meta is weighing risk vs. reach.
TLDR: Open-source ideals meet the reality of superintelligence.


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