Nigeria-based Terra, which makes pilotless drones and defense systems, raised $34M from Joe Lonsdale, Lux Capital, and others, as jihadist groups drive demand
Terrahaptix Inc., a Nigerian drone-making startup, will open its first factory abroad in Ghana, where it will build mid-range pilotless aircraft …
Source: Erebor, a digital bank co-founded by Palmer Luckey, raised $350M led by Lux Capital at a $4.35B post-money valuation; it secured FDIC approval last week
Erebor, a new digital bank co-founded by Anduril CEO Palmer Luckey, has quietly raised $350 million at a $4.35 billion post-money valuation, Axios has learned.
New York-based Valthos, which is developing AI tools to detect and prevent AI-enabled bioweapon attacks, raised $30M from OpenAI, Founders Fund, and Lux Capital
OpenAI, Founders Fund and Lux Capital have invested in Valthos, a startup using AI to try to prevent AI-enabled destruction. LinkedIn: Olivia H. Scharfman LinkedIn: Olivia H. Scharfman : For the past ...
New York-based Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised $87M led by Lux Capital at a $1.1B valuation
Chris Metinko / Axios :
Apple researchers detail the limitations of top LLMs and large reasoning models, including on classic problems like the Tower of Hanoi, which AI solved in 1957
LLM “reasoning” is so cooked they turned my name into a verb — Quoth Josh Wolfe, well-respected venture capitalist at Lux Capital:
Physical Intelligence, which plans to use AI to create brains for robots, raised $400M led by Jeff Bezos, Thrive Capital, and Lux Capital at a $2B valuation
The start-up raised $400 million in a funding round with investments from the likes of Jeff Bezos, Thrive Capital and OpenAI.
EvolutionaryScale releases AI models called ESM3 to help engineer novel proteins and raised a $142M seed led by Nat Friedman, Daniel Gross, and Lux Capital
Tokyo-based Sakana AI, which is focused on building smaller AI models, raised a $30M seed led by Lux Capital, a source says at a $200M valuation
Rachel Metz / Bloomberg :
Sources: EvolutionaryScale, founded by members of Meta's recently axed protein-folding team to build LLMs for biology, raised a $40M+ seed at a $200M valuation
Forbes : X: @_iainmartin and @kenrickcai X: Iain Martin / @_iainmartin : Meta shuttered it's AI project focused on protein-folding in April. Now that team have raised $40m to build new biological LLM...
Sources: EvolutionaryScale, founded by members of Meta's recently axed protein-folding team to build LLMs for biology, raised a $40M+ seed at a $200M valuation
Forbes : X: @_iainmartin and @kenrickcai X: Iain Martin / @_iainmartin : Meta shuttered it's AI project focused on protein-folding in April. Now that team have raised $40m to build new biological LLM...