Search results for Lightspeed
Industry
Helion raises $465 million, accelerates goal to supply fusion power to Microsoft by 2028
U.S. fusion startup Helion Energy raised $465 million in new funding, valuing the company at $15.5 billion. Helion said it will use the money to accelerate construction of its first commercial power plant, the Orion project planned in Washington state, and aims to supply fusion electricity to the grid as early as 2028. The company has a power supply contract with Microsoft for its data centres and says it plans to deliver by 2028.
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.
AI & Enterprise
Physical Intelligence seeks additional $1 billion funding, aims to build ChatGPT for robots
San Francisco robotics startup Physical Intelligence, founded 2 years ago, is seeking to raise about $1 billion in new funding, TechCrunch reported, citing Bloomberg News. If completed, the deal would value the company at more than $11 billion, up from $5.6 billion 4 months ago. Founders Fund is expected to take part, with Lightspeed Venture Partners in talks. Thrive Capital and Lux Capital are considering reinvesting.
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AI & Enterprise
Reflection seeks funding at $25 billion valuation to target sovereign AI with open-source models
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AI & Enterprise
AI-era security starts with OS patches as neglected vulnerabilities keep rising
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AI & Enterprise
OpenAI in talks with Helion on mega power purchase deal as AI electricity demand surges
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AI & Enterprise
Nexthop AI raises $500 million in Series B, unveils new switches
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AI & Enterprise
ZyG raises $58 million to grow small brands with AI agents
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AI & Enterprise
India AI chatbot race intensifies as Sarvam launches Indus app
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AI & Enterprise
AI SRE startup ResolveAI raises $125 million, reaches unicorn status
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AI & Enterprise
Voice AI firm ElevenLabs raises $500 million, valuation tops $11 billion
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AI & Enterprise
Mito develops AI tools for video professionals, raises $4.5 million
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AI & Enterprise
Ricursive raises $300 million in Series A, says AI cuts chip design time
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AI & Enterprise
Inference startup Inferact raises $150 million seed to accelerate vLLM commercialisation
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Crypto
Meld raises $7 million to build Visa-like crypto network
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AI & Enterprise
ClickHouse valuation tops $15 billion after $400 million funding
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Crypto
Visa-linked stablecoin platform Rain raises $250 million in Series C funding
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AI & Enterprise
Cyera raises $400 million at $9 billion valuation in Series F round