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.
Startups & Funding
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.
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.
Sequoia Leads $45M Series A in AI Training Startup Trajectory
Trajectory, an 18-person startup, wants specialists such as lawyers and doctors to improve AI models almost on their own, learning from feedback. It raised $45 million at a $300 million valuation.
Two Point O Raises $10M to Finance Small Clean Energy Projects
Indian startup Two Point O Capital has closed a $10 million Series A led by Transition Venture Capital. It offers financing and leasing to factories and commercial buildings, a segment that has struggled to attract capital.
OpenAI Reportedly Lowers Its Funding Target to $20 Billion
OpenAI is reported to have trimmed its fundraising goal and to have secured $11 billion so far, with some large investors responding coolly.