Funding

• U.S.-relevant cross-border paytech startup Latitude exited stealth mode this week with $8 million seed funding led by NEA to tackle slow, costly business money transfers. • The funding supports Latitude's mission to streamline international payments, positioning it as a challenger in the fintech space amid rising demand for efficient B2B transfers. • Launch coincides with April 2026 fintech surge, highlighting investor confidence in paytech innovations despite economic uncertainties from energy prices and Fed policy.

• A politically ambitious Connecticut Democrat abandoned bipartisan negotiations on government funding amid party pressure for inclusion. • The walkout escalates tensions over federal budget priorities and spending cuts. • This could delay funding bills critical for upcoming fiscal deadlines.

• Skye AI, a home screen app for iPhone powered by artificial intelligence, raised $3.58 million in pre-seed funding while still in private testing phase. • The funding supports development of the app, which aims to enhance iPhone user experience through AI-driven features accessible directly from the home screen. • This investment highlights growing investor interest in mobile AI applications amid competition in the smartphone ecosystem.

• SkyfireAI Inc., a US-based autonomous drone startup, raised $11 million in new funding to advance dual-use technology. • The investment targets AI autonomy for public safety, defense, and commercial drone applications. • This funding accelerates development amid rising demand for intelligent unmanned systems in critical sectors.

• Months after restoring federal family planning funding, Missouri's only Title X grantee program now confronts fresh challenges from U.S. Sen. Josh Hawley. • The program provides essential reproductive health services amid ongoing political debates over federal support for family planning initiatives. • This development underscores persistent tensions in U.S. public health policy regarding access to contraception and reproductive care funding.

• A leading AI startup focused on enterprise AI solutions secured $150 million in Series B funding on April 25, 2026. • The round was led by Lightspeed Ventures and SoftBank, signaling strong investor confidence in scalable AI technologies for businesses. • This funding underscores accelerating growth in the US enterprise AI sector amid rising demand for efficient AI deployment tools.

• Toronto-based Cohere Inc. and Germany's Aleph Alpha GmbH announced plans to merge, supported by a $600 million structured financing commitment from Schwarz Group. • Cohere, which has raised $1.6 billion since 2019 from Nvidia and others, offers multiple AI models; the Series E deal expects additional investors and closure later in 2026. • The merger combines expertise in enterprise AI, potentially accelerating development amid US-China tech tensions and boosting competitive edge for Western AI firms.