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Top story Fal raises $1.3B Series F at $16B valuation as AI inference demand surges

The generative media inference startup doubled its valuation in a round led by Bessemer with NVIDIA, Sound Ventures, HOF Capital and T. Rowe Price participating.

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Sequoia raises roughly $10B in new funds and closes London office, consolidating in Bay Area

The firm is undoing 20 years of international expansion, shutting programs and offices while most local partners opt to stay in Europe.

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Meta acquires AI coding startup Conductor to deploy teams of agents for engineers

The deal intensifies competition among large tech firms to own AI-assisted software development tooling.

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Revolut valuation jumps 53% to $115B in secondary share sale ahead of US bank launch

Glade Brook, Coatue and T. Rowe Price led the sale, more than doubling the fintech's valuation in about two years.

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Chip startup Tenspresso, three months old, in talks for $500M valuation

The reported early-stage talks highlight investor appetite for AI silicon despite the company's short operating history.

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Canva lays off over 1,200 staff, 22% of workforce, amid slowing growth

The design platform called it its hardest year as it cuts costs.

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Palo Alto Networks in talks to acquire Israeli cyber startups Clutch Security and Beacon

The reported deals would add identity and security capabilities as the cybersecurity vendor pursues acquisitions.

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Most US venture capital in 2026 went to companies founded or led by billionaires

More than half of seed through growth funding went to seven companies, which together raised over $260B in equity.

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AI SRE startup Traversal raises $120M Series B at $1B valuation

The funding backs automated root-cause analysis for production outages as AI-driven observability attracts capital.

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Apple reportedly cutting budgets for internal AI usage by engineering teams

The move suggests cost discipline on AI spending even at one of the largest technology companies.

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AI spend reached $177B in 2026, only 22% from software budgets, Menlo Ventures reports

Enterprise AI deployment spending grew 5.4x from $33B in 2025, according to the firm's annual report.

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Indian entertainment startup EloElo raises $80M Series C led by Hornbill Capital and NBCUniversal

The round funds expansion of the company's digital entertainment and live social business.

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