WHAT’S INSIDE

Big Tech Tanks, Kalshi and Polymarket raise, Big defense and space deals, xAI, Worktrace, & Super.money open deals, Softbank’s $2B robotics deal, Reflection AI raises $2B, & Anysphere grabs $900M + More Companies To Watch

• Big Movers: The Big tech movers, shakers and partnerships this week

• Making Waves: Companies making a buzz in the Tech world

• Open Deals: Startups raising capital this week

• In The Money: Significant raises last week and why they matter

• Exit Watching: Mergers & Acquisitions and IPOs

• The Funding Buzz: VC & PE Activity To Watch

IN PARTNERSHIP WITH DELVE

🔓 Get SOC II compliant in 15 hours

Delve helps fast-growing companies get compliant with an AI-automated platform. SOC 2, HIPAA, and any other certification in just 15 hours.

The proof is in the pudding:

• Lovable → From zero to fully SOC 2 compliant in just days

• 11x → Saved 143 hours on SOC 2 from their old platform, and unlocked $1.2M ARR

• Bland → Switched over, got SOC 2 compliant and unlocked $500k ARR within 7 days

If you’re suffering elsewhere, they’ll even migrate you off another platform all included

Tech Buzz readers get $1,000 credit using code TECHBUZZ1KOFF + Free Airpods Pros when you get compliant

Getting compliant in days >>> quarters.

BIG MOVERS

Big tech moves, movers and trends to watch this week

Tech Tanks — Major tech companies like Nvidia, Amazon, Tesla, and Microsoft lost a combined $770B in market value Friday due to Trump's 100% tariff threats on China. Nvidia fell $229B, & the Nasdaq 3.6%, its worst since April.

OpenAI — Secured a $6B deal with AMD for 6 gws of Instinct GPUs from 2026, potentially acquiring a 10% stake. Also launched AgentKit, a developer toolkit for building AI agents with features like Agent Builder and ChatKit. AI device delayed.

Microsoft — Unveils AI "factories" within Microsoft Azure data centers, utilizing over 4,600 Nvidia GB300 computers across 300+ global data centers. Also, partners with Harvard Med School to integrate peer-reviewed medical content into Copilot.

Google — Investing €5B in Belgium's AI infrastructure over two years, Google is expanding the Saint-Ghislain data center and creating 300 jobs. This move strengthens Google's position in Europe's AI sector.

Deloitte x Anthropic — The consulting giant is deploying Claude AI to 470,000 employees worldwide. This initiative aims to develop specialized AI personas to boost productivity and client advisory.

SoftBank — SoftBank is acquiring ABB's robotics division for $5.4B, marking a strategic shift into Physical AI as a key player in industrial robotics, aiming to boost intelligent automation in manufacturing and compete with Amazon and Tesla.

IBM — Partnered with Anthropic to integrate Claude's LLMs into its enterprise software. This aims to enhance AI deployment and challenge competitors in the enterprise AI market, as Anthropic gains traction for its security and integration.

[OPEN DEALS] RAISING DOLLARS:

Startups, firms or funds raising capital this week

xAI — Elon Musk's AI venture is raising $20B, surpassing funding expectations. With Nvidia's support, the capital will fund the acquisition of processors for the Colossus 2 project using a special purpose vehicle combining equity and debt.

Worktrace AI — Founded by Angela Jiang, a former OpenAI product manager, this startup specializes in automating business tasks with AI is raising $10M at a $50M valuation, backed by OpenAI's startup fund and top VCs.

Prompt AI — Apple is in late-stage talks to acquire talent and technology from the computer vision startup, which is retiring its Seemour app.

BVNK — Coinbase and Mastercard are in talks to acquire the stablecoin startup for ~$2B. Founded in 2021, BVNK facilitates stablecoin transactions and has attracted significant funding, indicating its leadership in stablecoin infrastructure.

Super.money — A financial service platform by Flipkart, partnered with Juspay to enhance D2C checkout capabilities and target $100M in ARR 2026. With a $50M investment from Flipkart, it aims to raise funds at a $1B valuation next year.

MAKING WAVES

Startups making waves, hot trends and signals to watch in the USA this week:

Polymarket — The NY-based prediction market platform secured $205M across two funding rounds before a $2B investment from ICE. The partnership positions it at a $9B valuation, spotlighting institutional interest in event-based trading.

Kalshi — The U.S.-based prediction market platform raised $300M at a $5B valuation, up from $2B three months ago. It is now expanding beyond political betting amid regulatory success.

Govini — Defense tech startup Govini has surpassed $100M in ARR and secured a $150M investment from Bain Capital. It aims to modernize military technology, with major contracts including a $900M deal with the U.S. government.

Firefly Aerospace — The leader in space technology, is acquiring defense contractor SciTec for $855M. This includes $300M in cash and $555M in stock. The move aims to enhance national security capabilities and diversify into the defense market.

Prime Intellect — The US-based startup has launched a distributed reinforcement learning platform to democratize AI development. By enabling collaborative computing power and custom training, it aims to challenge China.

TSMC — The Taiwan-based semiconductor manufacturer reported a 30% year-on-year revenue increase in Q3, reaching $32.47B, surpassing market forecasts on rising demand for AI products.

Otter.ai — The San Fran startup is evolving from a meeting transcription service to an enterprise knowledge management platform, launching an API suite for integration with tools like Jira and HubSpot.

Polestar — The Swedish electric vehicle manufacturer reported a 13% increase in Q3 vehicle sales, fueled by European demand. Despite U.S. trade tariffs, strategic shifts towards Europe are underway.

Teaming Up

OpenAI — Secured a $6B deal with AMD for 6 gigawatts of Instinct GPUs, starting with 1 gigawatt in 2026. OpenAI may acquire a 10% stake in AMD, strengthening its AI infrastructure and diversifying from Nvidia.

Algen Bio x AstraZeneca — Entered a $555M deal to develop therapies using Algen's AI-driven gene-editing platform, boosting AstraZeneca's cell and gene therapy capabilities, aligning with its goal of $80B in sales by 2030.

SoftBank — Acquired ABB's robotics division for $5.4B, advancing its "Physical AI" vision. This move enhances SoftBank's position in the industrial robotics market, while ABB shifts strategy. The acquisition awaits regulatory approvals.

AST SpaceMobile — The satellite-to-cell coverage startup partnered with Verizon to enhance its network against SpaceX's Starlink. Includes a previous $100M commitment and plans to deploy 45-60 satellites by 2026, boosting AST's stock 15%.

DoorDash x Serve — The San Fran-based food delivery giant has partnered with Serve Robotics to deploy sidewalk delivery robots in Los Angeles.

Super.money x Juspay — A financial service platform by Flipkart, partnered with Juspay to enhance D2C checkout capabilities and target $100M in ARR by 2026. With a $50M investment from Flipkart, it aims to raise funds at a $1B valuation next year.

IN THE MONEY

Companies that raised money in the past week and why they matter

Massive Deals

SoftBank — SoftBank is acquiring ABB's robotics division for $5.4B, marking a strategic shift into Physical AI. Positions SoftBank as a key player in industrial robotics, aiming to compete with Amazon and Tesla.

Reflection AI — Founded by former Google DeepMind researchers, Reflection AI secured $2B to establish itself as an o-s AI leader. Competing with OpenAI and DeepSeek, it focuses on frontier AI models, targeting enterprises and governments.

Base Power — The Texas-based home battery company raised $1B in a Series C round, boosting its valuation to $3B. With over 100 MWh deployed, it plans national expansion and a new manufacturing facility.

Anysphere — The AI startup raised $900M at a $9B valuation, led by Thrive Capital with participation from Andreessen Horowitz and Accel. This funding emphasizes strong investor interest in AI tools for developers.

Stoke Space — The DC**-based** space company raised a $510M Series D led by a defense-focused fund. Now part of the National Security Space Launch program, it aims to secure lucrative defense contracts.

Soufflé Therapeutics — The US-based genetic medicines startup raised nearly $200M to advance treatments for muscular dystrophy. The funding includes VC and pharmaceutical backing.

N8n — The Berlin-based AI startup raised a $180M Series C at $2.5B. Led by Accel, it will boost engineering and international growth. N8n's AI platform automates tasks for over 3,000 enterprise clients, with revenues increasing tenfold last year.

Govini — Defense tech startup Govini has surpassed $100M in ARR and secured a $150M investment from Bain Capital. Led by CEO Tara Murphy Dougherty, the company aims to modernize military technology, with a $900M deal with the DoD.

DUOS — The digital health platform for seniors, raised $130M in growth equity led by FTV Capital. Funds will enhance AI capabilities and expand Medicare and Medicaid operations. Founded in 2020, DUOS aids Medicare Advantage members.

Expedition Therapeutics — Based in the biotech sector, the company raised $165M in an oversubscribed Series A, co-led by Sofinnova Investments and Novo Holdings. Funds will support a global Phase 2 study of EXPD-101 for COPD.

Large Deals

Heidi Health — The AI medical scribe company raised $65M Series B led by Point72 Private Investments, founded by Dr. Tom Kelly and Waleed Mussa, saving over 18M hours for clinicians globally.

Spellbook — The Canada-based AI contract review startup raised $50M Series B at $350M valuation, having reviewed over 10M contracts for nearly 4,000 legal teams.

David AI — The California-based audio AI company raised $50M Series B led by Meritech and NVIDIA, focusing on high-quality datasets capturing emotion and multilinguality.

Yendo — The AI-powered digital banking startup raised $50M Series B to unlock $4T in trapped equity from vehicles and homes, serving over 65M underserved Americans.

Sensi.ai — The Israeli senior care AI company raised $45M Series C, using audio-based AI for monitoring and predictive analytics to enhance senior care efficiency.

Prezent — The U.S.-based AI-powered presentation startup raised $30M at $400M valuation, acquiring Prezentium to expand offerings for life sciences and tech enterprise clients.

Routefusion — The Austin, Texas-based financial infrastructure provider raised $26.7M Series A led by PeakSpan Capital, totaling $40.7M raised since 2018, targeting profitability.

Smaller Deals

Tigris Data — The distributed storage startup secured $25M Series A to expand in London, Frankfurt, and Singapore, targeting AI companies with 8x annual growth while addressing cloud egress fees and latency issues.

Hoverfly Technologies — The drone systems company secured $20M for development, highlighting increasing demand for advanced drone technology across various industry applications.

Foundation Health — The US-based health tech company raised $20M Series A led by Define Ventures, totaling $26M since 2023, to scale operations and enhance its PAIGE AI platform for patient outreach at Intermountain Health.

Glue — The agentic team chat platform secured $20M Series A to enhance its MCP-powered AI capabilities, with funds supporting product development and team growth for improved communication efficiency.

CipherOwl — The crypto compliance firm garnered $15M to advance compliance solutions for navigating the complex regulatory environment of cryptocurrency markets.

TransCrypts — The Toronto-based blockchain platform for digital identity verification raised $15M seed led by Pantera Capital, serving over 4M users and 450+ enterprises, with plans to expand into health and educational records.

Benable — The recommendation platform founded by Tony Staehelin raised $11M seed, boasting over 500K users and enabling creator monetization through brand partnerships, targeting the $6T word-of-mouth commerce market.

Knapsack — The design-engineering collaboration platform raised $10M Series A to speed product launches, integrating Figma and Git with AI for brand consistency, with plans to hire 14 more employees.

Smallest.ai — The AI speech model startup secured $8M seed led by Sierra Ventures, founded by Sudarshan Kamath and Akshat Mandloi, to enhance contact center operations with fast models like Lightning and Electron v2 for retail, healthcare, and tech sectors.

EXIT WATCHING

Mergers & Acquisitions and IPOs

SoftBank — SoftBank is acquiring ABB's robotics division for $5.4B, marking a strategic shift into Physical AI. This positions SoftBank as a key player in industrial robotics, aiming to boost intelligent automation in manufacturing and compete with Amazon and Tesla.

Firefly Aerospace — The USA-based space company will acquire defense analytics firm SciTec for $855M in cash and stock ($300M cash, $555M shares), closing by 2025.

Linamar — The Canadian manufacturer acquired rival Aludyne North America for $300M, enhancing its automotive parts capabilities.

1Password — The Toronto-based password management company raised $100M through a secondary deal with Halo Fund, providing founder liquidity and preparing for a potential IPO.

Campus — The Sam Altman-backed college startup appointed former Meta AI chief Jerome Pesenti as CTO and acquired his company Sizzle AI, with investors including Peter Thiel and Shaquille O'Neal.

Prezent — The U.S.-based AI company raised $30M to acquire AI services firms, starting with Prezentium, valued at $400M to serve Fortune 500 clients.

NSO Group — The Israeli spyware maker was acquired by a U.S. investment group led by Robert Simonds for tens of millions, remaining under Israeli regulatory control.

Prompt AI — Apple is in late-stage talks to acquire talent and technology from the computer vision startup, which is retiring its Seemour app.

Dye & Durham — A Canada-based legal tech solutions provider is evaluating a takeover bid by Plantro Ltd. The offer includes $4.75 per share and a future spin-off valued at $5.50 per share. Recent board changes and a "poison pill" plan signal rising activist interest in the tech sector.

Verizon — Acquiring Starry, a bankrupt mmWave ISP, to boost urban broadband. Targeting apartment buildings where fiber is hard to deploy, Verizon plans to use Starry's tech for high-speed internet in dense areas. The acquisition, pending regulatory approval, is expected to close in 2026.

IPO Watch

Navan — The enterprise SaaS company plans a $6.5B IPO with shares priced at $24-$26, down from its 2022 peak of $9.2B, with $172M Q2 revenue (+29%) and $38.6M loss.

THE FUNDING BUZZ

VC & PE Activity To Watch

Brookfield Asset Management — The Toronto-based firm closed Brookfield Global Transition Fund II at $20B, the largest private clean energy transition fund, with key investors including ALTÉRRA and Norges Bank.

Radical Ventures — The Canada-based VC closed a $650M fund to invest in early-stage AI companies globally, backed by Canada Pension Plan Investment Board, with portfolio including Cohere, Waabi, and Xanadu.

Ascenta — Former Moderna leaders Evan Rachlin and Lorence Kim launched a $325M biotech fund, having already deployed over $100M in early clinical trials.

Sugar Free Capital — Founded by Sheena Jindal, the firm closed a $32M debut fund targeting MIT technical founders for 15 investments in physical AI and data center optimization.

TECH BUZZ DIRECTORY
Featured Products*

SEO Bot — A fully autonomous "SEO Robot" with AI agents for busy founders.

Memelord — Meme Software for marketing memes, tech memes, & sales memes.

Otonomos — Incorporate your Delaware C-corp or tax advantaged foundation and get 5% OFF.

FOR INVESTORS
Open Deals
Investors– request an intro to startups - invest@techbuzz.ai.

Before we restart our placements of raising startups, we’re sharing an open call to send in your own company. Just shoot us an email with a deck and we may feature you in this bulletin.

For detailed pitch materials, please email invest@techbuzz.ai with your deck.
🔥 — hot deal!
⏰ — leaving soon.

FOR EMPLOYERS
Job Candidates

Employers– request an intro to candidates - jobs@techbuzz.ai