Ex-SignalFire Investor Raises $27.5M for AI Drug Fund
Sahir Raoof closed his first solo venture fund despite a hard market for new managers. Proximal Ventures will back early startups that use AI to speed up pharma services.
Business Building
Ex-Secret Service Agent Is Raising a Second Cybersecurity Fund
Stephen Ward of Brightmind Partners is raising a second fund of about $250 million, now as sole general partner, and says cybersecurity founders should sell on the way up.
Serve Robotics Opens Its Robot Tech to Other Builders
The sidewalk delivery robot maker launched Physical AI Services, selling its connectivity and data tools to other robotics companies. Its CEO calls it an AWS moment.
Harbinger Raises $240M Series D as FedEx Executive Joins Board
Electric truck startup Harbinger has raised a $240M Series D led by Tiger Global, Capricorn and Ridgeline while widening into battery storage and defense.
Strong Pilates Plans 20 More UK Studios for 2027
Australian-born franchise Strong Pilates has nearly doubled its UK network this year to 15 studios and wants 20 more in 2027, as it grows to 130 locations across 15 countries.
Revolut Valued at $115B in Share Sale With No New Money
Investors bought existing Revolut shares at a $115 billion valuation, 53% above last year's sale, as the fintech readies a U.S. national bank for 2027.