Lumaril raises $66 million for industrial AI software
Lumaril raised a $66 million Series A at a $400 million valuation, The Wall Street Journal reported. The company develops AI software that connects to manufacturers' existing control systems to optimize industrial production on factory floors.
Baseten reportedly plans about $2bn raise at valuation up to $30bn
Baseten is set to raise about $2bn at a valuation of up to $30bn, Bloomberg reported, citing people familiar with the plans. Existing investor Sands Capital is set to lead the financing.
Re:Build raises $2.1 billion to expand manufacturing capacity
Re:Build raised $2.1 billion to expand its capacity to manufacture hard tech products and launch industrial startups, TechCrunch reported. General Catalyst and JPMorganChase's Strategic Investment Group led the investment in the Massachusetts-based manufacturing accelerator.
DeepSeek releases open-source prototype for team coding tasks
DeepSeek released Super-Agent, an experimental coding agent, on GitHub under an MIT licence, The Next Web reported. The project works on one GitHub repository and can listen to Feishu, ByteDance's workplace chat app.
ServiceNow confirms Sweep acquisition to accelerate CRM migrations
ServiceNow confirmed it acquired Israeli startup Sweep to speed customers' migrations to its customer relationship management software, CTech reported. The price was undisclosed but estimated at hundreds of millions.
GARDEN preprint demonstrates reusable AI-designed rewards for cooperating agents
Researchers report in a preprint that GARDEN, a system that uses a language model to design rewards for cooperating agents, improved performance when its reward programs transferred unchanged to related scenarios unseen during design.