Business & Industry
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Brett Adcock's Hark Raises $700 Million Series A at $6 Billion Valuation to Build Personal AI Hardware
The AI startup founded by Figure AI's CEO closed an oversubscribed round led by Parkway Venture Capital, with Nvidia, AMD, Intel, and Qualcomm among the backers.
Mercury Raises $200 Million Series D at $5.2 Billion Valuation as AI Reshapes Startup Banking
The fintech platform for startups closed a TCV-led Series D valuing it at $5.2 billion, weeks after securing conditional OCC approval to become a national bank.
ServiceNow Launches Otto and Action Fabric at Knowledge 2026, Betting the Enterprise on Governed AI Agents
ServiceNow unveiled Otto, Action Fabric, and an expanded AI Control Tower at Knowledge 2026, repositioning itself as a unified governance layer for every AI agent across the enterprise.
Vapi Raises $50 Million Series B at $500 Million Valuation as Voice AI Platform Surpasses 1 Billion Calls
Voice AI infrastructure startup Vapi closes a $50M Series B led by Peak XV at a ~$500M valuation after surpassing 1 billion calls, with Amazon Ring routing 100% of its inbound volume through the platform.
NextEra Energy in Talks to Acquire Dominion in a Roughly $400 Billion Stock Deal Aimed at AI Data Center Power Demand
FT and Bloomberg report NextEra is in discussions to buy Dominion in a mostly stock deal that would form a $400 billion utility, expanding into PJM and Northern Virginia's data center cluster.
GitLab Opens Voluntary Separation Window and Reorganizes R&D Into 60 Teams as CEO Bill Staples Pitches an 'Agentic Era' Act 2
GitLab disclosed a reduction in force on May 11, plans to shed up to 30% of its country footprint, remove up to three management layers, and reorganize R&D into roughly 60 teams by June 1.
Lufthansa Exercises Option to Take 90% of ITA Airways for 325 Million Euros, Pushing Italian Flag Carrier Fully Inside the German Group
Lufthansa will exercise its option in June to buy an additional 49% of ITA Airways from the Italian state for 325 million euros, lifting its stake to 90% and triggering full integration of the Italian flag carrier.
VoltaGrid Raises $1 Billion From Blackstone and Halliburton at More Than $10 Billion Valuation, Acquires Propell to Bring AI-Data-Center Power in House
Houston gas-microgrid maker VoltaGrid took $775M in primary and $225M in secondary from Blackstone Tactical Opportunities and Halliburton, and is buying its main supplier Propell to lock in a 7.5 GW order book through 2030.
SkyWater Stockholders Approve $1.8 Billion IonQ Merger, Clearing a Key Hurdle on the Path to a Vertically Integrated Quantum Foundry
SkyWater Technology stockholders voted this week to adopt the $1.8 billion cash-and-stock merger with IonQ, leaving regulatory approvals as the main remaining condition before a Q2 or Q3 2026 close.
Algorithmiq Closes 18 Million Euro Round Co-Led by CDP and United Ventures, Moves Global HQ From Helsinki to Milan
Quantum software startup Algorithmiq raised 18 million euros co-led by CDP Venture Capital and United Ventures, relocated its global headquarters to Milan, and pushed total funding to 36 million euros in what investors call Italy's largest quantum VC round.
Corgi Raises $160 Million Series B at $1.3 Billion Valuation Four Months After Series A, Plans Trucking Insurance Expansion
TCV-led round more than doubles Corgi's valuation in four months and funds the AI-native startup insurance carrier's move into trucking, taking total funding past $268 million.
Moonshot AI Closes $2 Billion Round at $20 Billion Valuation, Doubling in Months as Meituan-Led Investors Bet on Open-Weight Kimi
The Beijing lab behind Kimi K2.6 raised $2 billion led by Meituan's Long-Z Investments, lifting its valuation to $20 billion and bringing six-month funding to $3.9 billion as ARR cleared $200 million.