Wabi raises $55 million at $1.25 billion valuation
AI assistant startup Wabi raised $55 million at a $1.25 billion valuation, Bloomberg reported. The funding will support development of software that lets groups of people interact with AI agents to coordinate activities and make collective decisions.
Entourage closes €100 million fund for early-stage technology companies
London-based venture capital firm Entourage announced the close of its €100 million second fund, expanding its investment scope beyond its first fund's primary focus on software. Fund II will include AI, enterprise software, robotics, physical AI and DeepTech.
Kalshi raises $1B at $40B valuation
Prediction market Kalshi raised $1B in a funding round led by Sequoia and Wellington Management, The New York Times reported. The round values the company at $40B, up from $22B after its $1B raise in May. The financing is described as Kalshi's last raise before an IPO.
Auriga closes €80 million toward second cybersecurity fund
Auriga Partners announced an €80 million interim close for Auriga Cyber Ventures II, a fund targeting early-stage European cybersecurity startups. Backers include Bpifrance through the French National Seed Fund No. 3 and the European Investment Fund under InvestEU.
Mistral releases improved Large 4 model weights for self-hosting
Mistral AI released the weights of its improved Mistral Large 4, a 1-trillion-parameter model that accepts multimodal input, following a public preview earlier this month. Organizations can download, customize and run it on their own infrastructure.
Braid raises €34.13 million for enterprise mobile connectivity
Dutch connectivity company Braid raised €34.13 million ($38 million) in a Series A led by Octopus Ventures, with KPN Ventures participating. The round is its first external capital since its founding in 2023 and accompanies a rebrand from Next Communications.