Marvell agrees to buy Lumentum at $115 billion enterprise value
Marvell Technology has reached a deal to buy data center optics maker Lumentum Holdings at an enterprise value of $115 billion, Bloomberg reported.
Aramco acquires 49% of HUMAIN for AI assets and $2.6 billion
Saudi Aramco acquired a 49% stake in HUMAIN in exchange for AI assets and $2.6 billion, Yahoo Finance reported. The Public Investment Fund owns the remainder of the Saudi government's AI company.
Creandum closes €668 million fund for early-stage technology startups
Stockholm-based venture capital firm Creandum has closed Creandum VIII, a €668 million ($750 million) fund for technology startups from pre-Seed to Series A, EU-Startups reported.
Northwood Space raises $375 million at $2 billion valuation
Northwood Space said Monday it raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the satellite infrastructure company at $2 billion. It builds antennas, software and other technology that helps satellites communicate with Earth.
Bilt announces $300 million acquisition of sports loyalty platform LAVA
Bilt announced its acquisition of LAVA in a transaction valued at $300 million, bringing the sports loyalty technology platform into its neighborhood commerce and rewards business.
42AI emerges from stealth with $62.5 million raised over three years
Israeli startup 42AI emerged from stealth with $62.5 million in seed funding accumulated over three years from its founders and Infinity Group, TechCrunch reported.