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Teen-founded U.S. defense startup Mach Industries valuation quadruples in a year

U.S. defense technology startup Mach Industries raised $300 million in a Series C round, valuing the company at $1.8 billion. TechCrunch reported the valuation is nearly four times higher than a year ago, after a $100 million raise in June 2025 at a $470 million valuation. The round was led by Infinite Capital and Ribbit Capital. Mach is developing five autonomous aircraft and plans to start producing at least three next year.

AI & Enterprise

Apple, Microsoft AI strategies put to the test as AI cost surge debate grows

Apple and Microsoft face a key month as investors and developers watch whether they can shift perceptions of their AI momentum. Apple’s World Wide Developers Conference runs June 8 to 12 and is expected to highlight on-device AI backed by its chip design experience. Microsoft is expected to unveil more in-house models at its June 2 to 3 Build conference as it leans less on OpenAI. Companies are also voicing growing concern over rising AI costs.

AI & Enterprise

Motif Technologies raises 24 billion won in Series B to boost proprietary AI development

Motif Technologies said on Tuesday it raised 24 billion won in a Series B funding round to strengthen its AI deep-tech capabilities. Existing investors NICE Investment Partners and Nautilus Investment made follow-on investments, while Dito Investment and Forest Ventures joined as new backers. CEO Jeong-hwan Lim said the company will push ahead with ongoing projects, develop corporate AX solutions, and advance next-generation AI infrastructure and services.