News Summary

The startup ecosystem witnessed significant movements this week with various funding rounds and acquisitions. Rubrik, a data cybersecurity company, acquired Predibase to enhance AI adoption. The German startup Kadmos, focusing on salary payments for seafaring workers, was acquired by NYK Line to expand its fintech services. Suno, an AI music startup, disclosed its acquisition of WavTool amidst ongoing legal challenges. In the venture capital scene, Harvey AI, an AI-enabled legal tech startup, raised a $300 million Series E round, increasing its valuation to $5 billion. Abridge, an AI startup automating medical notes, secured a $300 million Series E at a $5.3 billion valuation. Kalshi, a blockchain-based prediction market platform, raised $185 million, and Novoloop, a startup upcycling waste plastic, raised $21 million for its commercial-scale plant. Additionally, the AI-powered dictation app Wispr Flow raised $30 million in a Series A round.