Startups News

• Torus raises $500 million for a shipping container-sized modular AI data center combining batteries and computing
• OpenAI acquires travel startup Odessia, founded by Sonder founder Francis Davidson
• Proximal Ventures raises a $27.5M debut fund to back startups applying AI to drug development
• Cyanogen co-founder launches Kora, a free Windows alternative aimed at heavy users of AI models and agents
• Path Robotics quadruples its valuation to $2.45 billion after raising $300 million
• Clara raises $105 million to expand its São Paulo corporate spending management platform
• Enza Capital seeks up to $80 million for an AI fund targeting pan-African projects
• Altimeter Capital is raising more than $3 billion for private markets funds, including a $2.5 billion venture fund
• Nominal raises $240 million at a $3 billion valuation, triple its value from an earlier round this year
• A former Treasury adviser says the UK must back fast-growing startups or face economic ruin
• Medium launches TK, a note-taking and journaling app with a private social network feel
• Drops is a new music app where users scroll 10-to-30-second song snippets and share them with friends
• Sequoia partners were reportedly blindsided when Roelof Botha joined the SpaceX board