Business & Industry
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Natural Raises $30 Million Series A to Build Payments Infrastructure for AI Agents, Setting Up a Challenge to Stripe
Natural closed a $30 million Series A led by Forerunner to build payment rails built for autonomous AI agents rather than human checkout, positioning itself against Stripe.
AWS CloudFront Outage Knocks Sites Offline as VPC Origins Configuration Failure Cascades Across Regions
A CloudFront routing-configuration failure tied to VPC Origins triggered widespread 5xx errors on July 16, hitting Hugging Face and the UK National Lottery before AWS restored service.
Scribe Therapeutics Files for Nasdaq IPO, Testing Investor Appetite for Early-Stage CRISPR Gene-Editing Biotechs
The Jennifer Doudna-founded CRISPR biotech filed to go public under ticker SCTX as its lead cholesterol therapy remains early in human testing.
PixVerse Closes $439 Million Series C Extension as Valuation Tops $2 Billion With Alibaba Joining
AI video startup PixVerse's Series C extension brings the round to $439 million and pushes its valuation above $2 billion, as it pivots from video clips toward real-time interactive worlds.
Botched Network Update Triggers 12-Hour Google Cloud VMware Engine Outage Across Three Regions
A faulty network configuration update severed inter-zone links in Google Cloud VMware Engine stretched clusters across Sydney, Melbourne, and Frankfurt for nearly 12 hours on July 14.
Lyzr Lets Its Own AI Agent Run a $100 Million Series B Fundraise as Valuation Nears $500 Million
Lyzr's AI agent SivaClaw fielded questions from 130-plus investors and drafted memos for the enterprise AI startup's in-progress $100 million Series B, which would value the three-year-old company near $500 million.
Ford Rehires Veteran Engineers After AI-Driven Quality Push Falls Short, Tops JD Power's 2026 Study for First Time Since 2010
Ford climbed from No. 15 to No. 1 among mainstream brands in JD Power's 2026 quality study after rehiring roughly 300 veteran engineers to fix problems an AI-first design push had created.
Runpod Raises $100 Million Series A Led by Summit Partners at a $1 Billion Valuation as AI Compute Demand Surges
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 Sets a $29 Billion Nasdaq Listing, Poised to Be the Largest ADR Offering Ever, With All Proceeds Funding New Chip Fabs and EUV Tools
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.
Quantum Systems Raises $1.2 Billion Series D at an $8 Billion Valuation, More Than Doubling the German Drone Maker's Worth Since November
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 Sells Its $935 Million Warehouse Automation Business to American Industrial Partners, a Decade After Buying Intelligrated
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.
Upscale AI Raises $190 Million at a $2 Billion Valuation With Nvidia Joining, Betting Its Open UALink Switch Can Break NVLink's Grip
Nvidia joined a $190M round backing a startup building an open scale-up switch to rival its own NVLink fabric.