Secures

• Ciridae heeft $20 miljoen aan seedfunding opgehaald onder leiding van durfkapitaalmaatschappij Accel om AI-besturingssystemen te ontwikkelen die zijn afgestemd op middelgrote bedrijven in de industriële sector en de dienstensector. • De financiering zal Ciridae in staat stellen om AI-gestuurde operationele platforms te bouwen en te implementeren, ontworpen om processen in productie- en dienstverleningssectoren te stroomlijnen. • De investering weerspiegelt de groeiende marktvraag naar toegankelijke AI-oplossingen die specifieke uitdagingen in verticale markten aanpakken, voorbij de algemene AI-platforms.

• Evardi Energy, mede-opgericht door Diva Bhartesh Shah, student economie en cognitieve wetenschappen aan UC Berkeley, heeft een AI-platform gelanceerd om pieken in de elektriciteitsvraag te voorspellen en black-outs te voorkomen. • Het systeem maakt gebruik van machine learning om piekbelastingen tot 48 uur van tevoren te voorspellen, waardoor netbeheerders het aanbod dynamisch kunnen aanpassen en de risico's op stroomstoringen met 70% kunnen verminderen. • Deze innovatie pakt kwetsbaarheden in verouderde energie-infrastructuur aan, wat nutsbedrijven jaarlijks miljarden aan kosten door downtime kan besparen te midden van een stijgende, klimaatgestuurde vraag.

• Singapore‑headquartered AI‑analytics company NexaAnalytics raised $120 million in a Series B round led by Temasek Holdings on May 8, 2026, valuing the firm at $1.1 billion. • The startup, which specializes in real‑time marketing‑attribution and supply‑chain‑demand‑prediction models for ASEAN retailers, says it will allocate 60% of the capital to expand its GPU‑cluster footprint in Singapore and Malaysia and the rest to R&D and regional hiring. • NexaAnalytics reports current ARR of $49 million, up from $18 million a year ago, with its prediction models deployed across more than 850 enterprise clients including major e‑commerce and logistics networks in Indonesia and Thailand.

• XBOW, a leader in autonomous offensive security, raised $35 million in additional Series C financing with Samsung Ventures participating, announced on May 8, 2026. • Foley & Lardner LLP represented Samsung Ventures in the deal, bolstering XBOW's capabilities in AI-driven cybersecurity operations. • The funding arrives amid rising demand for advanced security tools, emphasizing the growing importance of autonomous systems in threat detection and response.

• Startup Genesis AI unveiled an advanced AI model that empowers robotic hands to perform complex physical tasks, backed by a $105 million funding round as reported by TechCrunch on May 7, 2026. • The breakthrough shifts AI from software to physical applications, targeting transformations in manufacturing and logistics sectors. • This development highlights the accelerating trend of embodied AI, with potential to automate intricate manual processes previously limited to human dexterity.

• Prime Minister Narendra Modi's BJP won the West Bengal assembly elections, capturing the state for the first time and defeating Chief Minister Mamata Banerjee's Trinamool Congress (TMC). • The victory expands BJP control to 78% of India's population across states, following major wins in state-level polls this week. • Mamata Banerjee rejected the results as rigged during a Tuesday press briefing, refusing to resign despite her term ending on May 8, 2026, and accusing the Modi government of disenfranchising millions of voters.

• The BJP achieved a commanding majority in West Bengal state elections, marking its first-ever victory in India's fourth-most populous state and ending decades of opposition rule under Mamata Banerjee's Trinamool Congress. • Election results finalized this week show the BJP winning control of West Bengal while expanding majorities in Assam and making incremental gains in Kerala and Tamil Nadu, consolidating power across 21 of India's 28 states. • The victories represent a significant political rebound for Prime Minister Narendra Modi following his party's loss of outright parliamentary majority in 2024 national elections.

• Elastics has raised $2 million in pre-seed funding to develop AI-powered tools for prediction market traders. • The platform provides automated research, execution, and portfolio management capabilities designed for individual traders navigating prediction markets. • The funding demonstrates investor interest in AI applications that democratize financial tools and analytics previously available only to institutional investors.

• The United Democratic Front (UDF) achieved a decisive victory in Kerala's 2026 assembly elections, leading in over 100 seats and set to form the next government in the state. • The UDF's strong performance provided limited relief to the opposition INDIA bloc, which faced significant setbacks across other states including West Bengal and Tamil Nadu. • Kerala remained among the few states where the opposition retained meaningful electoral influence, contrasting sharply with BJP's dominance in northern and eastern India.

• Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) won a landmark 206 out of 294 seats in West Bengal's legislative assembly, marking its first-ever electoral victory in the opposition-held state of over 100 million people. • The BJP's conquest of West Bengal, long a bastion of its political adversary, represents a significant expansion of Hindu nationalist electoral dominance across India's regional politics. • Results announced Monday were part of elections held across five states and territories in April and May, with the BJP also securing a third consecutive victory in northeastern Assam and participation in the ruling coalition in coastal Puducherry.

• Trump Chief of Staff Susie Wiles has retained her position following internal White House restructuring amid ongoing political upheaval. • Wiles' continued tenure signals stability in the administration's senior leadership despite recent personnel shifts. • The decision reflects Trump's confidence in her management of day-to-day White House operations.

• SkyfireAI raised $11 million in funding to advance AI-driven autonomy in public safety and defense drones, announced this week amid booming AI investments. • The funding supports development of autonomous drone technologies tailored for critical missions, positioning the startup in high-stakes defense applications. • This reflects surging investor confidence in AI hardware integrations, following Big Tech earnings boosted by AI spending from Alphabet, Amazon, Microsoft, and Meta.

• 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.

• Framingham, MA-based Tortugas Neuroscience raised $106 million in combined seed and Series A funding for small molecule therapies targeting neurological disorders. • Cure Ventures led the seed round, with The Column Group and AN Venture Partners co-leading Series A on April 21. • The investment accelerates development of treatments using validated biological targets, addressing unmet needs in US biotech.

• 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.

• Anthropic announced a $4 billion Series E funding round on April 25, 2026, with lead investments from Amazon and Google, valuing the AI safety firm at $61.5 billion post-money. • The capital will accelerate development of Claude 4 models and expand enterprise AI infrastructure across US data centers in California and Virginia. • This funding underscores intensifying competition in AI amid regulatory scrutiny, positioning Anthropic as a key challenger to OpenAI's dominance.

• Copperhelm raised $7 million in funding to launch an agentic cloud security platform leveraging AI agents for threat detection. • The platform automates real-time remediation at scale, addressing escalating cloud vulnerabilities in US enterprises. • This funding enables Copperhelm to commercialize innovative AI-driven cybersecurity amid rising breach incidents.

• SpaceX secured an option to purchase AI coding startup Cursor for $60 billion USD, signaling aggressive expansion into artificial intelligence development tools. • The acquisition option reflects Cursor's prominence in AI-assisted software development, a rapidly consolidating market attracting major technology conglomerates. • The deal underscores SpaceX's strategic pivot toward internal AI capabilities to accelerate software development for space exploration and satellite internet infrastructure.

• Port, an AI startup in cybersecurity, raised $100 million in its third funding round led by General Atlantic, achieving an $800 million valuation. • The funding supports expansion in cloud infrastructure protection technologies. • This round reflects investor confidence in AI-driven defenses against evolving cyber threats in the US market.

Cursor is aSilicon Valley startup using AI to automate coding as Elon Musk’s firm seeks foothold in the AI marketSpaceX said it has secured an option to either acquire code-generation startup Cursor for $60bn later this year, or pay $10bn for their new partnership, as it pushes deeper into the lucrative market for AI developer tools.Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that has drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction. Continue reading...

• Scale AI raised $2.5 billion in fresh funding on April 19, 2026, at a $15 billion valuation, backed by Meta and Tiger Global. • Capital expands US data annotation workforce to 50,000, focusing on synthetic data for autonomous vehicles and LLMs. • Funding counters labor-intensive bottlenecks in AI training, vital for US competitiveness.

• Databricks announced a Series H funding round of $10 billion at a $43 billion valuation on April 18, led by existing investors including Andreessen Horowitz and Sequoia Capital, to accelerate development of its AI and data platform. • The funding will support expansion of Databricks' lakehouse architecture, which integrates data warehousing and data lakes, and fund aggressive hiring in engineering and sales across North America. • The round positions Databricks as one of the fastest-growing enterprise software companies and signals strong investor confidence in the competitive data infrastructure market dominated by Snowflake and others.

• Satark AI, an India-based cybersecurity startup, raised pre-seed funding at a $4 million valuation to develop an AI-driven decision layer for reducing security alert noise. • The startup focuses on a critical enterprise security challenge: alert fatigue from excessive false positives that can slow incident response and waste analyst resources. • Satark AI's funding demonstrates investor confidence in AI-powered solutions targeting operational efficiency within security operations centers across global enterprises.

• Wealth.com, an AI platform modernizing estate and tax planning for wealth management firms, closed an oversubscribed $65M Series B funding round. • The funding will accelerate product enhancements and expand adoption among high-net-worth advisors handling complex client portfolios. • This raise highlights surging investor interest in AI tools automating legacy financial planning processes amid rising wealth transfer demands.

• Apple TV+ acquired exclusive streaming rights to a four-part documentary series chronicling Serena Williams' legendary tennis career and post-retirement business ventures. • The series will premiere in June 2026 and features intimate interviews with Williams, her family, fellow athletes, and business partners, spanning her 30-year career and current role as a venture capitalist. • Williams executive produces alongside acclaimed director Marina Zenovich, known for her Oscar-nominated documentary "Roman Polanski: Wanted and Desired."

• Procure.ai raised $13 million in funding to develop AI-native procurement planning tools for modern businesses, signaling investor focus on vertical AI in 2026. • The investment reflects growing interest in specialized AI solutions over general models, amid recent vertical AI funding surges. • This funding enables expansion of procurement optimization features for enterprises facing supply chain complexities.

Carney’s Liberals will now be able to pass legislation without the support of opposition parties – and govern until 2029The Canadian prime minister, Mark Carney, has secured a parliamentary majority for his Liberal government, CBC News reported. The victory will help him push through a legislative agenda he says is needed for an increasingly divided geopolitical world.Three special elections were held on Monday in Ontario and Quebec, with two in districts – known as ridings – that have long voted Liberal. Continue reading...

Engine-maker CEO hails ‘critical milestone’ for company in race to deliver SMR technology built at Wylfa plant on Anglesey Business live – latest updatesRolls-Royce has secured up to £599m from Britain’s national wealth fund as it races to develop the UK’s first small modular nuclear reactors.The fund will help support Rolls-Royce’s design of small modular reactors (SMRs) at Wylfa on the island of Anglesey (called Ynys Môn in Welsh). Continue reading...