Business & Industry

The GPU cloud platform Runpod raised $100 million in a Summit Partners-led Series A that values it at $1 billion, saying it now serves more than one million AI developers.

SK Hynix will list ADRs on the Nasdaq on July 10 to raise up to $29 billion, potentially the largest ADR offering on record, with all proceeds funding new chip fabs, advanced packaging, and EUV scanners.

Munich autonomous drone maker Quantum Systems raised a $1.2 billion Series D at about an $8 billion valuation, more than doubling its worth since November as defense-tech funding surges.

Honeywell is divesting its Warehouse and Workflow Solutions unit, built on Intelligrated and Transnorm, to private equity firm AIP as it concludes a multi-year breakup.

Nvidia joined a $190M round backing a startup building an open scale-up switch to rival its own NVLink fabric.

Peregrine's Series D nearly triples its valuation in 15 months as it scales real-time government-data search to more than 400 agencies.

AI inference platform Baseten closed a $1.5 billion Series F at a $13 billion valuation, lifting total funding past $2 billion and underscoring how aggressively venture capital is chasing the infrastructure that serves AI models.

Reports say Qualcomm is examining a full acquisition of Tenstorrent, the RISC-V AI accelerator startup led by Jim Keller, at a valuation between $8 billion and $10 billion.

Qualcomm agreed to acquire Modular in an all-stock deal worth about $3.9 billion, expected to close in the second half of 2026.

AlphaFold co-creator John Jumper is leaving DeepMind after nearly nine years, days after Gemini co-lead Noam Shazeer departed for OpenAI.

EA cut an undisclosed number of jobs in customer support, IT, recruitment, and trust and safety across US remote roles and its Hyderabad office, its third layoff round of 2026 as the PIF-led buyout closes in.

The open-source Postgres platform raised $500M led by GIC just seven months after its Series E, citing 600% database growth driven by AI coding agents.