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SpaceX Goes Spectrum Shopping, Trump Hosts Tech Titans, AI Agents Feast on $1B+ Mega-Rounds

The space race meets the AI race as Musk drops $17B on satellite spectrum, Trump woos Silicon Valley over dinner, while Databricks and Cognition lead a feeding frenzy of billion-dollar valuations.

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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…

🛰️ SpaceX strikes $17B deal for EchoStar's wireless spectrum to supercharge Starlink's direct-to-phone service, giving Musk more independence from traditional carriers

🏛️ Trump hosts tech titans at White House dinner with Zuckerberg, Gates, and Altman lavishing praise on the president, though Musk notably sends a representative instead

🤖 Databricks raises massive $1B Series K at $100B+ valuation as AI platform revenue run-rate hits $4B, proving enterprise AI demand is insatiable

💻 Cognition scores $400M at $10.2B valuation just months after acquiring Windsurf, with AI coding agent "Devin" becoming the poster child for autonomous programming

🏀 Unrivaled women's basketball league lands celebrity investors like Serena Williams and Trae Young, hitting $340M valuation as sports betting meets entertainment

🍺 Garage Beer (Kelce brothers) taps into $200M valuation with Gen Z marketing magic, proving celebrity endorsements still move mountains in consumer goods

🧑‍🚀 Top 5 Deals You Can't Miss

1️⃣ SpaceX x EchoStar – $17B spectrum acquisition ($8.5B cash + $8.5B stock), accelerating satellite-to-mobile connectivity revolution

2️⃣ Databricks – $1B Series K at $100B+ valuation, cementing its position as the AI infrastructure king with $4B revenue run-rate

3️⃣ Cognition – $400M raise at $10.2B valuation, pushing AI coding agents into mainstream enterprise adoption

4️⃣ Unrivaled – Raised their Series B at $340M valuation, women's 3-on-3 basketball league scoring big with celebrity investors like Serena Williams

5️⃣ Palm Tree Crew, the global entertainment, hospitality, and investment holding company, raises its $20 million Series B funding round, valuing the company at $215 million.

🧠 Dopamine Dealflow

🌳 Series B+ & Growth

  • Databricks (San Francisco, CA) – $1B Series K at $100B+ valuation; data and AI platform expanding Agent Bricks and Lakebase

  • Cognition (San Francisco, CA) – $400M at $10.2B valuation; AI coding agent "Devin" post-Windsurf acquisition

  • Unrivaled (Miami, FL) – Series B at $340M valuation led by Bessemer; women's 3-on-3 basketball league with Serena Williams, Trae Young investors

  • Garage Beer (Ohio) – Funding at $200M valuation from Durational Capital; Kelce brothers' light beer brand targeting Gen Z/millennials

  • Baseten (San Francisco, CA) – $150M Series D; AI inference platform for ML products

  • Ronovo Surgical (Shanghai, China) – $67M Series D; surgical robotics company

  • NRG Therapeutics (Stevenage, UK) – £50M Series B (~$62M); neuroscience targeting mitochondrial dysfunction

  • Epigenic Therapeutics (Shanghai, China) – $60M Series B; clinical-stage drug development company

  • Kin (Chicago, IL) – $50M Series E at $2B pre-money; direct-to-consumer digital home insurance

  • ProRata (Los Angeles, CA) – $40M Series B; AI solutions respecting content creators

  • Motion (San Francisco, CA) – $38M Series C at $550M valuation; agentic work suite for SMBs with AI employees

  • Rainforest (Atlanta, GA) – $29M Series B led by Matrix Partners & Infinity Ventures; embedded payments for vertical SaaS platforms

  • Puro.earth (Helsinki, Finland) – €11M Series B (~$12M); carbon-crediting platform for engineered CDR

🚀 Series A

  • Augment (San Francisco, CA) – $85M Series A led by Redpoint; AI logistics platform "Augie" for freight automation

  • Rapafusyn Pharmaceuticals (Baltimore, MD) – $44M Series A; non-degrading molecular glue therapeutics

  • Hello Patient (Austin, TX) – $22.5M Series A led by Scale Venture Partners; conversational AI for healthcare communications

  • Maeving (Coventry, UK) – £11M Series A (~$14M); electric motorcycle company

🌱 Seed & Early Rounds

  • Understory (Aarhus, Denmark) – €12M funding (~$13M); software for experience creation and promotion

  • Integra Therapeutics (Barcelona, Spain) – €10.7M funding (~$12M); gene writing tools provider

  • Dazl (Tel Aviv, Israel) – $10M seed led by 40RTY Fund; AI app builder co-founded by Wix co-founder Nadav Abrahami

  • Kea (Nicosia, Cyprus) – €6M extended seed at €40M post-money; crypto/stablecoin payment platform

  • Supersonik (San Francisco, CA) – $5M Seed; autonomous multilingual AI agent for live demos

  • ACT-ion Battery Technology (Dallas, TX) – $4M Pre-Series A extension; clean cathode active material manufacturing

  • SCOREalytics (Park City, UT) – $3M+ Seed; AI-powered legal intelligence platform

  • BoobyBiome (London, UK) – £2.5M seed (~$3.1M); biotech advancing breast milk and microbiome science

  • hypt (Bern, Switzerland) – CHF 1.65M Seed (~$1.8M); SaaS word-of-mouth manager for brands

  • The Interaction Company (California) – Undisclosed seed led by General Catalyst; "Poke" AI assistant living inside messaging platforms

🤝 Strategic, M&A & Undisclosed

  • SpaceX x EchoStar (Hawthorne, CA/Englewood, CO) – $17B spectrum acquisition ($8.5B cash + $8.5B stock); satellite-to-mobile connectivity

  • Coalition (San Francisco, CA) – $30M from Mitsui Sumitomo Insurance; cyber insurance and security platform ($800M total raised)

  • Tecum Capital (Pittsburgh, PA) – Undisclosed minority investment from Cantilever Group; middle-market private investment firm

💸 VC Funds Raised & Raising

  • 1789 Capital (Washington, DC) – Hits $1B AUM; early-stage VC focused on American dynamism

  • Coalition Operators (New York, NY) – $12.5M fund by active founders; pre-seed/seed checks $100K-$500K

  • All Aboard Coalition (Climate) – $300M target fund led by Chris Anderson (ex-TED); later-stage climate tech bridge financing

  • Accion Venture Lab (Washington, DC) – $61.6M second fund closed; global nonprofit focused on financial inclusion

  • Solaire Partners (Seoul, South Korea) – ~$28M fund (KRW 40B); film-focused VC backed by three major IPTV operators

  • VCUK (London, UK) – $60M target first closing; new PE and VC arm launch

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📚 Read of the Day

🏛️ Trump Gathers Silicon Valley’s Power Players at Historic White House Dinner

Tech’s top CEOs and founders convene to set the tone for America’s innovation and policy future—with one high-profile absence.

What Happened:
President Trump hosted 33 of Silicon Valley's most influential CEOs at the White House for an unprecedented unity summit. The guest list included Tim Cook, Satya Nadella, and Jensen Huang, but notably excluded Elon Musk, sparking widespread speculation about the tech mogul's relationship with the administration.

The Backstory:
This marks the first time a sitting president has convened such a comprehensive gathering of tech leaders since the early days of the Obama administration. The dinner comes amid growing tensions between Washington and Silicon Valley over AI regulation, data privacy, and antitrust concerns.

Why It Matters:
For founders and investors, this signals a potential shift in tech policy under the Trump administration. The meeting could reshape regulatory approaches to AI development, merger approvals, and international tech competition—particularly with China.

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