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AI & Enterprise

Auk raises $60 million seed to target management of enterprise app and AI agent access rights

Identity management startup Auk has raised a $60 million seed round to help prevent unauthorised access to corporate applications. The round was co-led by Accel, Greylock Partners and CRV, with participation from Hetz Ventures, AlphaDrive Ventures and multiple angel investors. Based in Tel Aviv, Auk is led by CEO Shai Morag (샤이 모라그). The company offers a platform that identifies employee application accounts and AI agents, flags risks and checks segregation-of-duties compliance.

AI & Enterprise

AI costs rise, boosting startups that optimize AI spending

PointFive, a startup that optimises AI cloud costs, has raised $60 million in a funding round led by Accel, the Wall Street Journal reported. The company was valued at about $500 million. Founded in 2023, PointFive helps companies identify and reduce unnecessary AI-related cloud spending and suggests cost-cutting steps such as using cheaper AI models. CEO Alon Arvatz said waste can reach millions of dollars annually at large firms.

Crypto

OpenFX raises $94 million for stablecoin-based FX expansion

OpenFX, a startup offering stablecoin-based foreign exchange market-making and remittances, has raised $94 million in funding. Reuters reported the round was led by Accel, Atomico, Lightspeed Faction, M13, Northzone and Pantera, valuing OpenFX at about $500 million. Founded in 2024, the company links legacy banking systems with digital infrastructure using stablecoins to support real-time FX, and plans to expand into Southeast Asia and Latin America.