Marvell plans $115 billion acquisition of Lumentum
Marvell Technology plans a $115 billion acquisition of Lumentum as it doubles down on AI, Bloomberg reported. Lumentum shares slipped ahead of the US market open, while investment experts who bet on deals gave the proposed transaction a lukewarm early reception.
CoreWeave raises capital spending outlook to $37-$39 billion
CoreWeave increased expected 2026 capital expenditures to $37-$39 billion while maintaining its year-end active power target above 1.85 gigawatts. Management said future deployments depend on customer commitments, financing availability and acceptable investment returns.
Fractile raises $720 million to develop AI chips and systems
British AI chip startup Fractile has raised a $720 million Series C backed by Britain's Sovereign AI Fund, TechCrunch reported. Thrive Capital, Founders Fund, Lightspeed Venture Partners and Redpoint led the round. The British government put the valuation at over £5 billion.
Amprius receives $75 million contract to retrofit U.S. battery production line
Amprius received a $75 million U.S. government contract to retrofit a domestic battery production line, Yahoo Finance reported. A new manufacturing partner in Indianapolis is targeting pouch-cell production in early 2027.
RedBlue holds first close on second fund targeting at least $50 million
RedBlue Capital has held a first close on its second fund, which founder Olaf Sakkers says will total at least $50 million, TechCrunch reported. The firm backs robotics, logistics, manufacturing and energy companies.
StitchStudio raises $8M to expand insurance AI agents
StitchStudio announced Wednesday that it raised $8M in a round led by Voyager Capital to expand AI agents for insurance carriers and brokers. Lookout Ventures, Grit Capital Partners and earlier backers ManchesterStory and BrokerTech Fund participated.
