Latest Startups & Entrepreneurship News
Databricks raises Series L and reports $4.8B revenue run‑rate
Databricks announced it is raising a Series L of more than $4 billion at a reported $134 billion valuation while reporting a revenue run‑rate above $4.8 billion and >55% year‑over‑year growth.
China’s Biren Technology readies Hong Kong IPO amid AI hardware race
Biren Technology is preparing a Hong Kong IPO to raise roughly $300 million as China-backed AI chip makers push to reduce reliance on U.S. supply chains after export controls limited access to key partners.
Chai Discovery secures $130M to accelerate AI‑driven drug development
Chai Discovery closed a $130 million financing to expand its AI systems for drug discovery, reflecting continued investor appetite for compute‑enabled biotech startups.
Digantara raises $50M for AI‑driven space surveillance
Bengaluru-based space‑tech startup Digantara raised $50 million to scale AI analytics and hardware for tracking objects in low Earth orbit amid growing demand for space situational awareness.
Mirelo raises $41M to build AI‑powered video translation tools
Mirelo announced a $41 million raise to develop AI translation that converts videos into multiple languages, aiming to remove language barriers for creators and enterprises.
Weekly funding activity shows surge — 94 rounds reported globally
A weekly funding roundup covering Dec 9–15 reported 94 funding rounds across countries with the U.S. leading (51 rounds, $9.26B) and notable activity in Germany, China, India and the U.K..
Multiple mid‑stage AI and fintech startups close sizable rounds this week
Coverage of weekly funding highlights Series B and growth rounds for firms such as Flex ($60M Series B), OnCorps AI ($55M), Inito ($29M), and others signaling broad capital flow into AI, fintech and healthtech.
Vestbee names December’s notable European startups including battery and cybersecurity plays
Vestbee’s December roundup highlighted ten European startups attracting VC attention, including Floatech (silicon anodes for batteries) and Fortyx Security (AI email/data loss protection).
Presight AI accelerator reopens after first cohort hit $300M valuation
The Presight AI accelerator launched a new application window after its inaugural cohort reached a combined $300 million valuation, inviting global AI startups to apply through Jan 31, 2026.
28DIGITAL recognized as Startup Ecosystem Star at ICC/Mind the Bridge awards
28DIGITAL won Startup Ecosystem Star awards in three categories—Best‑in‑class Startup Programs, Top Talent & Research, and Pioneering Innovation Policy—at a ceremony alongside OECD and the European Commission.
Portugal’s Omniflow wins NTXIA Smart Cities Global Startup Challenge
Portugal’s Omniflow won NTXIA’s Smart Cities competition and will receive pilot and U.S. business development opportunities, including planned pilots in Peachtree Corners and U.S. market support.
Adaptive Security closes $81M Series B
Adaptive Security announced an $81 million Series B round, reflecting continued investor interest in enterprise security startups amid rising cyber risk.
Regional and thematic startup newsletters report concentrated VC in mega‑rounds
Industry newsletters and analyses note a concentration of venture capital into mega‑rounds and AI‑focused investments while alternative funding channels and accelerator programs expand globally.