News Summary

This week in startup news, AMD acquired Enosemi to enhance its silicon photonics product development for AI systems. Anthropic, an AI startup, appointed Netflix co-founder Reed Hastings to its board, highlighting a strategic move to enhance its leadership. Life360 has finally integrated Tile’s tracking technology three and a half years post-acquisition. In significant funding news, Neuralink, Elon Musk’s brain implant startup, reportedly raised $600 million at a $9 billion pre-money valuation. Cybersecurity startup Horizon3.ai is in the process of raising $100 million, having already secured $73 million. Buildots, a startup improving construction tracking with AI, raised $45 million in a Series D round. The startup Rillet, focusing on automating accounting reports using AI, raised $25 million in a Series A led by Sequoia Capital. Snabbit, an Indian home services startup, secured $19 million in Series B funding, while Matthias Niessner’s SpAItial raised $13 million to develop interactive 3D online environments. The AI-powered energy optimization startup Gridcare emerged from stealth with a $13.5 million seed round. Humain Ventures, a Saudi AI company, is set to launch a $10 billion venture fund targeting startups in the U.S., Europe, and Asia. Outset Ventures in New Zealand closed a $25 million fund for deep tech startups.