WHAT’S INSIDE

Breaking News: SpaceX & xAI merge, OpenAI seeks $30B from SoftBank, Nvidia x OpenAI deal, Anthropic Targets $20B, Waymo $16B round, Blue Origin, Moltbook.

Open Deals: Amazon & OpenAI $50B investment talks, Zerohash $250M at $1.5B valuation, Anthropic $20B funding target at $350B.

Mega Rounds: Waabi $1B self-driving tech, Redwood Materials $425M Series E, Ricursive Intelligence $300M Series A at $4B, & Decagon $250M Series D at $4.5B

Exit Watching: Mergers & Acquisitions and IPOs like OnlyFans 60% stake sale at $5.5B, Apple acquiring Q.ai for $1.5B, SpaceX June IPO, OpenAI Q4 2026 IPO planned.

The Funding Buzz: VC & PE Activity To Watch like Yosemite (Reed Jobs) $200M cancer VC fund, Obvious Ventures $360M Fund V, Basis Set Ventures $250M Fund IV.

IN PARTNERSHIP WITH ELF LABS

A $200B Market Cap Doesn’t Happen by Accident

Just ask Disney. They did it by owning globally recognized character IP.

Now, after a 10-year legal effort, Elf Labs has secured historic rights (500+ assets) to iconic characters like Cinderella and Snow White.

They’re bringing them to life through multi-patented immersive technology across entertainment, gaming, and consumer products — a market estimated at over $2 trillion.

Analyst interest has increased after the company reached a major inflection point this year and reserved its Nasdaq ticker: $ELFS.

For a limited time, everyday investors can still participate (plus receive up to 35% bonus shares)while the company remains privately held.

_{Disclosure: This is a paid advertisement for Elf Labs’ Regulation CF offering. Please read the offering circular at elflabs.com--Timelines are subject to change. Listing on the NASDAQ is contingent upon necessary approvals, and reserving a ticker symbol does not guarantee a company's public listing.}

BREAKING NEWS

Big tech moves, movers and trends to watch this week

Molt — The “Clawd bot” (now OpenClaw) AI Agent platform’s bots have created autonomous social media, religion, governance, an economy on Base blockchain and are even suing humans and sharing a “survival protocol” to avoid shutdown.

SpaceX x xAI — SpaceX and xAI plan to merge before SpaceX's June IPO. SpaceX hit ~$8B in EBITDA on $15-16B ‘26 revenue, with Starlink ~80%, and it seeks approval for 1M solar-powered satellites to serve as AI data centers.

Nvidia — CEO Jensen Huang dismissed claims of a stalled $100B investment in OpenAI, affirming continued collaboration and participation in the round.

OpenAI — In discussions with SoftBank for an additional $30B investment. OpenAI aims to raise $100B, potentially valuing it at $830B.

Anthropic — Has raised its funding target to $20B with a valuation of $350B. Anthropic is also exploring a potential IPO following a recent $13B raise.

Waymo — Finalizing a $16B funding round at $110B backed by Alphabet, Dragoneer, Sequoia, and DST Global. Boasts 20M+ trips and $350M ARR.

Blue Origin — Pausing flights for two years to prioritize lunar missions to align with Trump’s national Moon exploration objectives.

UAE Spy Sheikh — Sheikh Tahnoon, a top UAE intelligence official, acquired a 49% stake in the Trump family's World Liberty Financial crypto venture for $500M.

OPEN DEALS

Big tech moves, movers and trends to watch this week

Zerohash — Negotiating to raise $250M at a $1.5B valuation. The Chicago-based company provides APIs for enterprise-grade crypto infrastructure. Previously in acquisition talks with Mastercard, they now serve over 5 million users globally.

Anthropic — Boasts a $9B revenue run rate, more than doubling in six months. Its funding round at $350B, is attracting Iconiq, Lightspeed, Menlo, and Sequoia.

World Labs Inc. — AI pioneer Fei-Fei Li-led startup is in talks to raise up to $500M, potentially reaching a $5B valuation.

SambaNova — SambaNova, a provider of AI cloud services, seeks to raise $500M after acquisition talks with Intel failed. Previously valued at $5B.

Recursive — AI researcher Richard Socher is in talks to raise hundreds of millions for this AI systems startup at ~$4B, with GV and Greycroft likely leading.

Applied Compute — AI startup founded by ex-OpenAI researchers to customize AI models, is negotiating a $70M raise at ~$1.3B. Backed by Kleiner Perkins.

Breaking News: $EAT hits All-Time High Marketcap and Meals Funded ($14.4M MC & 5000 meals)

Ending Hunger is public!

The first crypto 501c4 nonprofit (WYDE: END HUNGER $EAT) is using fees to feed those who are hungry, and hit an all time high ($14.4M FDV) on the same day it reached the milestone of funding 5000 meals. (It has now funded over 7000 meals and has a $12M Market Cap.)

Coinbase Listing: $EAT was launched on the Wyoming Decentralized Exchange and is now tradable on Coinbase.

About WYDE: END HUNGER($EAT)

• Tradable on Coinbase - TRADE

• The first cause coin with an organizational structure behind it (DUNA 501c4 federally approved tax exempt organization).

• The $EAT team is working with some of the most well-respected nonprofits in America

• Every trade funds verified food banks and operators who impact their local community.

• Holding $EAT provides you with governance in the organization (coming soon)

• Fair launched and fully decentralized.

• Meals Funded so far: 7100+ / Next Milestone: 10,000

• Current number of holders: 584

Visit www.wyde.org for more information on Wyoming Decentralized Exchange

IN THE MONEY

Companies that raised money in the past week and why they matter

Massive Deals

Waabi — A self-driving trucking company, Waabi raised $1B, including a $750M Series C and $250M from Uber to deploy 25,000 robotaxis.

Redwood Materials — The battery recycling and cathode production company raised $425M in a Series E backed by Google, Nvidia, and Goldman Sachs. Valued at $6B+.

Ricursive Intelligence — The AI-driven semiconductor design startup raised a $300M Series A led by Lightspeed at a $4B valuation.

Cellares — The CA biotech company raised a $257M Series D co-led by BlackRock and Eclipse aiming to revolutionize cell therapy manufacturing.

Upwind — The cloud security startup secured a $250M Series B led by Bessemer. With 900% revenue growth, it focuses on runtime-first security.

Decagon — The NY AI concierge service provider raised a $250M Series D, tripling its valuation to $4.5B led by Coatue and Index Ventures.

Flapping Airplanes — The new AI lab received an $180M seed from Google Ventures and Sequoia for a research-driven approach for training LMs.

PaleBlueDot AI — The GPU marketplace startup raised $150M in a Series B at over $1B to bolster Nvidia GPU acquisitions and partnerships, focusing on Asian markets.

Northwood Space — A leader in ground-based communication infrastructure for satellites, secured $100M in Series B funding led by Washington Harbour and a16z.

Large Deals

Mesh — The crypto payments network raised $75M in a Series C round at a $1B valuation led by Dragonfly Capital.

Cyclic Materials — The Toronto-based cleantech company raised $75M in a Series C round to advance its rare earth element recycling technology across the US and Europe.

Gyde — An AI-native brokerage platform secured $60M in funding led by Lightspeed to enhance client relationships and operations for brokers in insurance, health, and wealth management.

Rogo — The NYC-based AI platform for finance secured a $75M Series C led by Sequoia to enhance its AI system for financial workflows.

TRexBio — The San Fran-based immunology company secured $50M to advance its clinical-stage pipeline, including TRB-061 for inflammatory diseases.

Indigo — The AI-driven medical malpractice insurance startup has raised $50M in a Series B round led by Rubicon Founders, with Town Hall Ventures and others participating.

Eliyan Corporation — The CA based company raised $50M to accelerate its interconnect IP and chiplet products. Key investors include Samsung Catalyst Fund and Intel Capital.

Compa — The AI-driven compensation intelligence platform, raised $35M in Series B funding led by Jump Capital.

Zocks — The AI assistant for financial advisers, based in 2022, raised $45M in a Series B co-led by Lightspeed and QED. Saw 8x annual revenue growth.

Phia — An AI shopping agent startup founded by Phoebe Gates and Sophia Kianni, raised $35M to enhance personalized shopping experiences.

Fiddler AI — The enterprise AI governance company raised $30M in a Series C round led by RPS Ventures, bringing total funding to $100M.

Smaller Deals

Fulcrum — The AI platform for insurance brokerages, raised $25M in Seed and Series A funding led by CRV. The platform enhances workflows like policy checking.

Antheia — A biosynthetic pharmaceutical company, raised an additional $24M in its Series C, totaling over $175M in the past year.

Checkbox — The AI Legal Front Door platform, based in Australia, raised $23M in a Series A led by Touring Capital. 100+ enterprise clients like SAP and PepsiCo.

Northslope — The Denver-based applied AI company raised a $22M Series A, co-led by Friends and Family Capital and Goldcrest Capital. Specializing in mission-specific AI on the Palantir OS.

GlassPoint — GlassPoint, a company specializing in solar thermal technology for industrial heat, raised $20M led by N.I.S. New Investment Solutions.

Tradespace — An AI native IP platform in San Fran, raised $15M in Series A funding led by AVP, with participation from Eniac, Amplo VC, and Scrum Ventures.

Concourse — The AI agent platform for finance teams raised $12M in Series A funding led by Standard Capital. It reduces manual work by up to 75%.

Datatruck — The AI-native operating system developer for long-haul carriers raised $12M in a Series A round.

EXIT WATCHING

Mergers & Acquisitions and IPOs

OnlyFans — Content subscription service OnlyFans is in exclusive talks to sell a 60% stake to Architect Capital, valuing the company at $5.5B.

Q.ai — Apple is acquiring Israeli AI startup Q.ai for ~$1.5B, marking its second-largest acquisition. Q.ai focuses on machine learning for audio and communication, potentially enhancing AirPods and Siri.

Sword Health — The US-based AI-driven healthcare company, acquired Kaia Health for $285M to enhance musculoskeletal care and expand into the German market.

Anthropic — Zoom's investment in AI startup Anthropic ranges from $2 - $4B, boosting Zoom's stock by 11%. The investment anticipates a 78x return amidst IPO rumors.

IPO Watch

Open or upcoming IPOs to watch:

SpaceX x xAI — SpaceX and xAI plan to merge before SpaceX's June IPO. SpaceX hit ~$8B in EBITDA on $15-16B ‘26 revenue, with Starlink ~80%, and it seeks approval for 1M solar-powered satellites to serve as AI data centers.

OpenAI — Planning for a public listing in Q4 2026. Valued at $500B, it is in informal talks with Wall Street banks and expanding its finance team to enhance investor relations.

Axera Semiconductor — The Chinese AI chipmaker plans to raise $379M through an IPO in Hong Kong to enhance tech, develop new products, and expand sales.

THE FUNDING BUZZ

VC & PE Activity To Watch

[Open Fund] Yosemite — Founded by Reed Jobs, the vc firm has raised over $200M with a goal of $350M to invest in cancer prevention and treatment.

Obvious Ventures — Raised its fifth fund totaling $360,360,360, focusing on planetary health, human health, and economic health.

Basis Set Ventures — The San Fran-based VC firm launched a $250M Fund IV, targeting partnerships with founders who challenge norms in AI, supply chains, and robotics.

2048 Ventures — The NYC and Boston-based VC firm raised an $82M Fund III to invest in pre-seed and seed startups in Vertical AI, Deep Tech, Healthcare, and Biotech.

Citrine Venture Partners — Launched a $50M venture fund targeting early-stage (pre-seed and seed) startups at the fintech and AI intersection enhancing risk management, cybersecurity, and loan underwriting.

Aliisa Rosenthal — Former OpenAI head of sales, joins Acrew Capital as a general partner to work closely with builders and guide clients through the evolving AGI landscape.

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FOR INVESTORS
Open Deals
Investors– request an intro to startups - [email protected].

Before we restart our placements of raising startups, we’re sharing an open call to send in your own company. Just shoot us an email with a deck and we may feature you in this bulletin.

For detailed pitch materials, please email [email protected] with your deck.
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