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AI & Enterprise

Lumilens raises over $700 million at $5.5 billion valuation, aims to replace copper interconnects in data centers

Second-year startup Lumilens has raised more than $700 million at a $5.5 billion valuation, the Wall Street Journal reported. Atrades Management, Bain Capital Ventures, MeritTech, Seligman Ventures and Spark Capital co-led the round, taking total funding above $900 million. The company has begun shipping equipment to an unnamed hyperscaler and contracts could be worth billions of dollars over the next few years. Lumilens aims to replace copper wiring with optical interconnects.

Crypto

Sam Altman\'s biometric authentication startup World raises $52.5 million from cryptocurrency sale

World, an online authentication startup co-founded by Sam Altman, raised $52.5 million by selling WLD tokens to strategic investors, with a 12-month lockup, TechCrunch reported. Investors cannot sell or trade WLD for a year. World said the condition reflects long-term investment in its growth and expanding utility. Proceeds will go to the Cayman Islands-based World Foundation. Pantera Capital led the purchase, with other firms participating.

Industry

SpaceX alumni startup Terrafirma raises $115 million for remote construction equipment

Terrafirma, a construction technology startup founded by former SpaceX engineers, has raised $115 million, CNBC reported. Investors include Kleiner Perkins, Bain Capital Ventures, SpaceX, Anduril and Hadrian. The Austin, Texas-based company is developing technology to remotely operate construction equipment using interfaces including an Xbox controller. It says the technology reduces costs and improves safety, and its long-term goal is building infrastructure on Mars.