🧑‍🚀 Top Deals You Can’t Miss

1️⃣ xAI – $20B raise, putting the company firmly in the top tier of global AI labs by capital raised.

2️⃣ Lux Capital – $1.5B fund close, reinforcing investor appetite for frontier and hard science bets.

3️⃣ Mobileye – ~$900M acquisition of humanoid robotics startup Mentee, accelerating its push beyond autonomous driving.

🧠 Dopamine Dealflow

🌳 Series B+ & Growth

• xAI, a Palo Alto, US-based AI lab, raised $20 billion in late-stage funding. Valor Equity Partners led the round and were joined by Qatar Investment Authority, Fidelity, and other strategic investors.

• Photonic, a Vancouver, Canada-based quantum computing company, raised $130 million in growth funding. Planet First Partners led the round and were joined by RBC and TELUS.

• LMArena, a San Francisco, US-based AI benchmarking platform, raised $150 million in Series A funding. Felicis and UC Investments led the round and were joined by Andreessen Horowitz, Kleiner Perkins, and Lightspeed.

• GS Microelectronics U.S., a San Jose, US-based semiconductor company, raised $35 million in Series B funding. The round was led by Maverick Silicon.

🚀 Series A

• Array Labs, a Palo Alto, US-based space radar company, raised $20 million in Series A funding. Catapult Ventures led the round and was joined by Washington Harbour Partners and Kompas VC.

• Linker Vision, a Taipei, Taiwan-based AI software company, raised $35 million in Series A funding. Round was led by Abico Group, and joined by NVIDIA and other investors.

🌱 Seed & Early Rounds

• Tesoro XP, an Austin, US-based gaming rewards platform, raised $5.4 million in Seed funding. Treasury and TK MediaTech Ventures led the round.

• Sigrid, a Stockholm, Sweden-based metabolic health company, raised $5 million in early-stage funding. Investors were not disclosed.

• Qualinx, a Delft, Netherlands-based semiconductor company, raised €20 million in venture funding. Round led by Invest-NL, with participation of existing investors FORWARD.one, InnovationQuarter Capital and Waterman Ventures.

🤝 Strategic, M&A & Undisclosed

• Mobileye agreed to acquire Mentee, a Tel Aviv-based humanoid robotics startup, for ~$900 million, expanding its robotics footprint beyond autonomous vehicles.

• Enable Injections received a $30 million strategic investment from Sanofi.

• Axiom GRC acquired AssurancePoint, expanding its compliance and audit services portfolio.

💸 VC Funds Raised & Raising

• Lux Capital, a Menlo Park, US-based VC firm, closed a $1.5 billion fund focused on frontier technologies.

• Antler, a Singapore-based early-stage venture firm, raised $160 million for a U.S.-focused fund.

• Hetz Ventures, a Tel Aviv-based VC firm, raised $140 million for its fourth fund.

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📚 Read of the Day

🏥 ChatGPT Goes Clinical

OpenAI formalizes healthcare as a core ChatGPT use case

OpenAI unveiled ChatGPT Health, disclosing that more than 230 million users ask health-related questions each week. The company is rolling out tighter safeguards, clearer sourcing, and healthcare-specific workflows as it steps deeper into regulated territory.

Why It Matters: Healthcare may become AI’s first truly massive consumer-meets-enterprise market, and OpenAI is moving early to define the interface, standards, and monetization.

👉 Read The Whole Story Here

📰 News You Don’t Want To Miss

🏥 OpenAI unveils ChatGPT Health, says 230M users ask health questions each week — Healthcare is becoming ChatGPT’s most scaled real-world use case.

🛒 Amazon’s AI agents spark backlash after listing products without retailer knowledge — Autonomous commerce is moving faster than merchant consent.

🌍 Meta’s Manus news lands differently in Washington and Beijing — AI geopolitics continue to fracture along regulatory lines.

🤖 Nvidia CEO Jensen Huang says robots are ‘AI immigrants’ — Robotics is being framed as the next AI labor force.