Transition Ventures lands $150M Fund II with Olix, Applied Atomics and Seneca on the portfolio
Transition Ventures, the London-based early-stage firm led by Unity co-founder David Helgason, has closed a $150m second fund, bringing the platform’s assets under management to over $300m. Fund II will continue Transition’s thesis that the most consequential companies of the coming decade will sit at the intersection of AI and the physical world: power, robotics, […]<br /> This story continues at The Next Web [...]
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A 27-year-old just raised $450 million to bet that AI’s future runs on nuclear power
Isaiah Taylor was sixteen when he decided the nuclear industry had a size problem. Not that reactors were too dangerous or too expensive, though they are both, but that they were simply too big. The m [...]
Writer launches AI agents that can act without prompts, taking on Amazon, Microsoft and Salesforce
Writer, the enterprise AI agent platform backed by Salesforce Ventures, Adobe Ventures, and Insight Partners, today launched event-based triggers for its Writer Agent platform, enabling AI agents to a [...]
Factorial raises $150M at a $2.5bn valuation, with General Catalyst betting twice
General Catalyst has decided it wants exposure to Factorial in two ways at once. The Barcelona software company has closed a $150M Series D led by the firm at a $2.5bn valuation, and General Catalyst [...]
Nvidia-backed ThinkLabs AI raises $28 million to tackle a growing power grid crunch
ThinkLabs AI, a startup building artificial intelligence models that simulate the behavior of the electric grid, announced today that it has closed a $28 million Series A financing round led by Energy [...]
OpenAI turns its sold-out GPT-5.5 party into a monthlong Codex giveaway for 8,000 developers
OpenAI on Monday began emailing more than 8,000 developers who applied for its invite-only GPT-5.5 party with a surprise consolation prize: a tenfold increase in Codex rate limits on their personal Ch [...]