Elon Musk’s artificial intelligence lab xAI is projecting cash flow positivity within three years while sitting on $10 billion in cash. The company is using a novel financing scheme to build data centers cheaper and faster than traditional methods. This puts xAI on a similar profitability timeline a
French DeepTech company Rift has raised €4.6 million to deploy Europe’s first on-demand aerial intelligence network. The funding will accelerate production of autonomous drone stations that can provide 24/7 surveillance. The company aims to create sovereign European infrastructure for border protect
Cloudflare experienced its most significant outage since 2019, with the root cause traced to problematic Rust code using .unwrap(). Meanwhile, cybersecurity startup Guardio secured $80 million in funding and revealed impressive growth metrics. The contrasting stories highlight both infrastructure fr
Integral just acquired German payroll specialist cleverlohn while securing additional funding from General Catalyst and others. The combined company now has €12 million total funding to tackle Germany’s complex SME accounting and payroll challenges.
Joby is working with UAE regulators on a faster “qualification” program rather than full type certification. The strategy focuses on Dubai-specific operations to accelerate service launch next year while continuing FAA certification in parallel.
Databricks is reportedly in discussions to raise new capital at a valuation exceeding $130 billion. This would represent a 30% increase from the company’s $100 billion valuation in August. The data intelligence firm recently acquired Neon for $1 billion as part of its AI strategy.
The creator marketing platform secured $40 million from Forerunner Ventures as it expands beyond YouTube. Brands are seeing 5.3x better returns compared to traditional video ads, but scaling across multiple platforms presents new challenges.
Mastodon’s creator is stepping down as CEO amid the platform’s transition to a non-profit structure. The move comes as Rochko faced burnout after a decade of singular focus on the project. The restructured organization will be governed by a board including Twitter co-founder Biz Stone.
French spacetech startup Infinite Orbits has raised €40 million to deploy its GEO inspection and life-extension satellite fleet. The funding will support pan-European expansion as the company aims to strengthen Europe’s space sovereignty. This comes amid growing investment in orbital servicing and i
Dublin-based Lative has raised $7.5 million to automate sales planning through AI-powered intelligence. The funding round was co-led by Act Venture Capital and Senovo VC, with participation from several other investors.
