☕ Lovable adds $100M revenue in a single month cross $400M ARR & Meta unveils four new in-house AI chips.
Musk unveils Tesla-xAI project “Macrohard” aimed at automating software work.
Breaking News
Lovable, the vibe-coding platform that lets users build apps using natural language, has reached $400M in annual recurring revenue after adding $100M in a single month. The three-year-old startup now has about 8 million users and enterprise customers including Klarna and HubSpot. With just 146 employees, Lovable generates roughly $2.77M in ARR per employee, far above typical startup productivity benchmarks.
Google has completed its $32 billion acquisition of Wiz, the largest purchase in Google’s history. Wiz, which crossed $1B in ARR, helps companies detect and respond to threats across multi-cloud environments including AWS, Azure, and Google Cloud. The deal strengthens Google’s enterprise security offering as AI-driven development and multi-cloud infrastructure dramatically increase cybersecurity risks.
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STARTUPS RAISING MILLIONS
💰 Startup Funding Updates
PRE-SEED
Vivox AI, a London, UK-based technology company building regulator-ready, atomic AI agents for AML, KYB/KYC and financial crime, raised £1.3M in first funding. Backers included Axel Weber, Dan Cobley, Kos Stiskin, James Janis Berdigans, and other fintech and technology investors.
Zymtrace, a Wilmington, DE-based developer of a distributed AI infrastructure optimization platform, raised $3.7M in Pre-Seed funding. The round was led by Fly Ventures and Mango Capital.
SEED
Anchr, a NYC-based developer of an AI-native operating system for food distribution, raised $5.8M in Seed funding. The round was led by a16z Speedrun, with participation from Anterra Capital, Offline Ventures, Long Journey Ventures, and leadership from OpenAI.
AgentMail, a San Francisco, CA-based developer of an email platform for AI agents, raised $6M in Seed funding. The round was led by General Catalyst, with participation from Y Combinator and Phosphor Capital, along with several angel investors.
Taya, a San Francisco, CA-based developer of jewelry-first AI hardware, raised $5M in Seed funding. The round was led by MaC Venture Capital and Female Founders Fund, with participation from a16z Speedrun.
Zymtrace, a Wilmington, DE-based developer of a distributed AI infrastructure optimization platform, raised $8.5M in Seed funding. The round was led by Venture Guides, with participation from Mango Capital, Fly Ventures, 6 Degrees Capital, and strategic angels including Thomas Wolf and Christian Bach.
Sybilion, a Porto, Portugal-based developer of a decision-intelligence layer for industrial companies, raised $4.2M in Seed funding. The round was co-led by Venturefriends and Semapa Next, with participation from Vanagon Ventures and EWOR.
Standard Kernel, a Mountain View, CA-based startup building AI systems that generate GPU software, raised $20M in Seed funding. The round was led by Jump Capital, with participation from General Catalyst, Felicis, Cowboy Ventures, Link Ventures, Essence VC and angel investors.
GROWTH
Replit, a San Francisco, CA-based developer of an AI-powered software creation platform, raised $400M in Series D funding at a $9B valuation. The round was led by Georgian with participation from G Squared, Prysm Capital, Coatue, Andreessen Horowitz, Craft Ventures, Y Combinator, Accenture Ventures, Okta Ventures, and Databricks Ventures.
Option Circle, a San Jose, CA-based financial technology company developing an autonomous regime-based trading platform, raised $3M in funding. Backers included Savoie Capital, Wagon Wheel Capital, investors from its StartEngine equity crowdfunding campaign, and private investors.
Girl Beer, a Los Angeles, CA-based light beer brand, raised $5M in funding. The round was led by Lakehouse Ventures with participation from Spice Capital and others.
Swarm Aero, an Oxnard, CA-based developer of large uncrewed aerial vehicle swarms, raised $35M in Series A funding. The round was led by Two Sigma Ventures and Silent Ventures with participation from several existing investors.
Xscape Photonics, a Santa Clara, CA-based semiconductor startup developing photonic solutions for AI data center fabrics, raised $37M in additional funding. The round was led by Addition with participation from existing investors including IAG Capital Partners and NVIDIA.
Advanced Machine Intelligence, a Paris, France-based artificial intelligence research startup, raised $1.03B in Seed funding at a $3.5B pre-money valuation. Backers included SBVA, Greycroft Partners, Cathay Innovation, Hiro Capital, HV Capital, Bezos Expeditions, Nvidia, Temasek, Shorooq Partners, Mark Cuban, Eric Schmidt and Xavier Niel.
Translucent, a NYC-based provider of an AI platform for healthcare finance, raised $27M in Series A funding. The round was led by GV with participation from NEA, Virtue, and FPV Ventures.
Chowbus, a Chicago, IL-based provider of an AI-powered platform for culturally rooted restaurants, raised $81M in funding. The round was led by Prysm Capital and Left Lane Capital with participation from Dutchess, Fika and Avid Bank.
Bliss, a Helsinki, Finland-based developer of a culturally intelligent AI mental health platform, raised $270K in angel funding. The round was led by Keiretsu Forum, Finest Love VC and Plug and Play.
Emboline, a Santa Cruz, CA-based medical technology company, raised $20M in Growth Capital. Trinity Capital made the investment.
Outpost, a London, UK-based startup building infrastructure that enables merchants to sell worldwide with zero liability, raised $17.5M in Series A funding. The round was led by Ribbit with participation from Better Tomorrow Ventures and angel investors.
Quince, a San Francisco, CA-based consumer technology platform, raised $500M in Series E funding at a $10.1B valuation. The round was led by ICONIQ with participation from Basis Set Ventures, Wellington Management, Wndrco, Marcy Venture Partners, Ballie Gifford, Notable Capital and DST Global.
May Health, a Menlo Park, CA-based developer of medical devices for polycystic ovary syndrome, raised $11.7M in funding. The round was led by Nexpring Health with participation from Sofinnova Partners, Bpifrance and Trill Impact.
Eridu, a Saratoga, CA-based developer of high-performance AI networking solutions, raised over $200M in funding. The round was led by Socratic Partners, John Doerr, Hudson River Trading, Capricorn Investment Group and Matter Venture Partners.
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Inside:
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What “normal” equity give-ups look like (and what’s a red flag)
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NEW VCs IN THE MARKET
🏦 Venture Capital Updates.
Scout Ventures, an Austin, TX-based venture capital firm focused on national security and dual-use technologies, closed its fifth fund, at $125M. Fund V will back emerging technology companies developing solutions across artificial intelligence, autonomous systems, space infrastructure, cyber, quantum, and advanced power technologies that are increasingly central to unwavering sovereignty and global deterrence.
Breakout Ventures, a San Francisco, CA-based venture capital firm focused on backing founders scaling scientific innovation, closed its Fund III, at $114M. The fund received support from returning investors including Cortes Capital, S-Cubed Capital, The Kraft Group, Pinegrove Venture Partners, and an affiliate of LH Capital, and added new limited partners including JIMCO, the global investment arm of the Jameel family, and Korea Omega Investment Corporation.
KEY STORIES IN TECH
📜 Latest In Tech
SpaceX Starship Moon lander faces new delays
SpaceX’s Starship lunar lander for NASA still faces numerous technical challenges and likely more delays ahead of a planned 2028 moon landing, according to a new government audit from NASA’s Office of Inspector General.
The biggest challenge is demonstrating orbital refueling, a process the OIG called “entirely new” since it has never been done vehicle-to-vehicle, and SpaceX intends to attempt it for the first time this year.
SpaceX and NASA have also disagreed over whether the Starship design gives astronauts enough manual control, and SpaceX may request a waiver to automate the vehicle in order to stay on schedule.
Meta unveils four new in-house AI chips
Meta has announced four new generations of its custom MTIA silicon chips, designed to handle ranking, recommendations, and GenAI workloads, with all four set to be developed and deployed within the next two years.
MTIA 300 is already in production for ranking and recommendations training, while MTIA 400, 450, and 500 will primarily support GenAI inference production through 2027 across Meta’s apps.
Meta says it can release new chip generations every six months or less by reusing modular designs, which is much faster than the typical industry cycle of one to two years.
Musk unveils Tesla-xAI project “Macrohard” aimed at automating software work
Elon Musk revealed a joint project between Tesla and xAI called Macrohard, also referred to as “Digital Optimus,” designed to emulate the functions of entire software companies using AI agents.
The system combines xAI’s Grok language model, which acts as a high-level coordinator, with a Tesla-built AI agent capable of watching computer screens and executing actions through keyboard and mouse inputs.
Musk said the platform could theoretically simulate how software companies build products, positioning it as a potential disruptor to traditional software development models powered by agentic AI.
Atlassian to cut 10% of workforce as it shifts focus to AI
Atlassian plans to lay off about 1,600 employees, roughly 10% of its workforce, as the company restructures to focus more heavily on AI and enterprise sales.
CEO Mike Cannon-Brookes said the move reflects how AI is changing the skill mix needed across the company, even though the firm does not view AI as simply replacing workers.
The restructuring, expected to finish by the end of the year, will mostly affect employees in North America, Australia, and India, and will cost the company around $225 million to $236 million in related charges.
LAST COFFEE SIP
☕ Other News
YouTube surpasses Disney as largest media company
YouTube has passed Disney and become the largest media company by ad revenue, pulling in $40.4 billion in 2025 — more than Disney, NBC, Paramount, and Warner Bros. Discovery’s combined $37.8 billion.
This marks a big turnaround from 2024, when YouTube’s $36.1 billion in ad revenue fell short of the four major Hollywood studios’ collective $41.8 billion, according to research firm MoffettNathanson.
Parent company Alphabet reported YouTube’s total revenue soared to $60 billion in 2025, with a big portion now coming from subscriptions like YouTube TV, YouTube Premium, and NFL Sunday Ticket.
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