Your Daily Startups & Venture Capital Briefing

AI Dominates Funding Amid Heightened Profitability Demands

• AI startups continue to attract significant capital, with Hark raising a $700 million Series A for personalized intelligence and Modal Labs securing $355 million for AI infrastructure. Decart also closed a $300 million round for generative AI, reflecting strong investor confidence in core AI technologies.

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• The venture market is now highly selective, demanding capital efficiency and clear paths to profitability by Series A, a notable shift from past "growth at all costs" strategies. This is seen in larger seed rounds, now often $5 million to $8 million, as investors focus on fewer, high-conviction deals.

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• Beyond AI, MiRus secured a $1.5 billion corporate round for orthopedic technologies, and Amca raised $300 million for the industrial base. SpaceX's recent IPO filing also signals a key test of investor appetite for large, technology-driven public offerings.

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