| Mobile Web

Search results for Lightspeed Venture Partners

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.

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.

AI & Enterprise

Reflection seeks funding at $25 billion valuation to target sovereign AI with open-source models

Nvidia-backed AI startup Reflection is seeking to raise $2.5 billion at a $25 billion valuation, foreign media reported. The company focuses on developing open-source AI models that companies, research institutes and universities can use and modify. Nvidia invested about $800 million in Reflection at an $8 billion valuation. JPMorgan Chase is considering joining the round. Reflection also signed a deal with South Korea\'s Shinsegae Group for a Korean-language model.