☕ OpenAI accuses Anthropic of inflating revenue by $8 billion & Amazon buys Starlink's rival Globalstar for $11.6B.
Meta overtakes Google in global ad revenue & OpenAI unveils GPT-5.4-Cyber for cybersecurity use.
Breaking News
OpenAI has accused Anthropic of inflating its revenue by $8 billion, claiming the rival is counting gross cloud sales to boost its numbers. The clash highlights rising tension ahead of potential IPOs — and shows how competitive (and political) the AI race has become.
Amazon is buying Globalstar for $11.5 billion to strengthen its satellite internet ambitions and take on SpaceX’s Starlink. The deal signals Amazon’s serious push into space infrastructure as the next battleground for connectivity.
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STARTUPS RAISING MILLIONS
💰 Startup Funding Updates
PRE-SEED
Sapient Perception, a Copenhagen, Denmark-based AI sensor systems company, raised €2M in Pre-Seed funding. The round was co-led by Balnord and FORWARD.one.
Replenit, a Warsaw, Poland-based AI retail decision engine, raised $2.5M in Pre-Seed funding. The round was led by Movens Capital and Vastpoint, with participation from Logo Ventures, DigitalOcean Ventures, and others.
SEED
Helical, a London, UK-based virtual AI lab for pharma, raised $10M in Seed funding. The round was led by redalpine, with participation from Gradient, BoxGroup, Frst, and angels.
ActionAI, a NYC-based enterprise AI automation company, raised $10M in Seed funding. Backers included UAE-based investors.
Prefix, a NYC-based facility management platform, raised $7.5M in Seed funding. The round was co-led by Collide Capital and Slow Ventures, with participation from Connexa Capital, and others.
Primepoint, a San Mateo, CA-based construction intelligence platform, raised $10M in Seed funding. The round included Penny Jar Capital, NextView Ventures, and Navitas Capital, with participation from others.
GROWTH
Conxai, a Munich, Germany-based construction tech platform, raised $5.8M in Series A funding. The round was co-led by BayBG Venture Capital and Capricorn Partners, with participation from Earlybird, Pi Labs, Zacua Ventures, and others.
Yoga Joint, a NYC-based infrared fitness brand, raised $5.5M in funding. The round was led by Adam Shane, Port Street Ventures, and Jon Canarick, with participation from other investors.
nEye.ai, a Santa Clara, CA-based optical interconnect solutions company, raised $80M in Series C funding. The round was led by Sutter Hill Ventures, with participation from CapitalG, M12, Socratic Partners, and others.
Sygaldry Technologies, an Ann Arbor, MI-based quantum-AI infrastructure company, raised $105M in Series A funding. The round was led by Breakthrough Energy Ventures.
Calyxo, a Pleasanton, CA-based medical device company, raised $40M in Series F funding. The round was led by Ally Bridge Group and Janus Henderson Investors, with participation from Questa Capital, Avidity Partners, and others.
OpenGradient, a NYC-based AI compute layer company, raised $9.5M in funding. Backers included a16z crypto, with participation from Coinbase Ventures, SV Angel, Foresight Ventures, and others.
Bluefish, a NYC-based agentic marketing platform, raised $43M in Series B funding. The round was led by Threshold Ventures and NEA, with participation from Amex Ventures, Salesforce Ventures, Bloomberg Beta, and others.
Spiral Therapeutics, a San Francisco, CA-based biotech company, raised $27M in Series B funding. The round was led by Gund Investment, with participation from Advanced Bionics, Ferring Ventures, and others.
Adcendo, a Copenhagen, Denmark-based biotech company, raised $75M in Series C funding. The round was led by Jeito Capital, with participation from Vida Ventures, BPI France, EIFO, and others.
Synera, a Bremen, Germany-based industrial AI platform, raised $40M in Series B funding. The round was led by Revaia, with participation from Capgemini (ISAI Cap Venture), BMW iVentures, Cherry Ventures, and others.
Quartzy, a Hayward, CA-based procurement platform, raised $23M in funding. The round was led by Avenue Capital Group and BroadOak Capital Partners.
Zell, a Berlin, Germany-based sales performance platform, raised €500K in funding. The round was led by P3Ventures, SkyDeck Europe, Cariplo Factory, and Lendlease, with participation from others.
Graftcode, a Warsaw, Poland-based developer tools startup, raised €2.1M in funding. The round was led by Hard2beat, with participation from DigitalOcean Ventures, Heartfelt Capital, and others.
Convelio, a Paris, France-based fine art logistics startup, raised an undisclosed amount in Series C funding. The round was led by a French family office, with participation from Forestay, Mundi Ventures, and Acton Capital.
Wamo, a London & Helsinki-based fintech company, raised €10M in Series A funding. The round was led by 3TS Capital Partners, with participation from Oleka.
QUICK HITS
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Trends with Benefits: Is AI quietly eliminating customer support jobs? (Link)
Founder Resource: Startup legal document pack – essential legal docs for founders. (Link)
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NEW VCs IN THE MARKET
🏦 Venture Capital Updates.
Eclipse, a Palo Alto, CA-based venture capital firm, raised $1.311 billion for two funds. In details, according two regulatory forms filed with the SEC, Eclipse Fund VI, L.P., raised $720m from 127 investors, and Eclipse Early Growth Fund III, L.P., raised $591m from 120 investors.
KEY STORIES IN TECH
📜 Latest In Tech
Meta overtakes Google in global ad revenue
Meta is forecast to pass Google in global ad revenue by the end of 2026, generating US$243 billion compared to Google’s US$239.5 billion, according to Emarketer’s latest outlook.
Meta’s growth rate is expected to hit 24.1% in 2026, nearly double Google’s 12%, while Google’s share of global digital ad spend has been declining since 2021.
Emarketer analysts credit tools like Advantage+ and AI-generated ads for pulling more ad dollars to Meta, saying advertisers follow performance rather than reacting to legal risks.
OpenAI unveils GPT-5.4-Cyber for cybersecurity use
OpenAI launched GPT-5.4-Cyber, a specialized version of its flagship model designed for defensive cybersecurity tasks.
The model will be released on a limited basis to vetted researchers and organizations due to its more permissive capabilities in vulnerability analysis.
The launch follows Anthropic’s Mythos model, highlighting intensifying competition in AI-driven cybersecurity tools.
Google Search flags 'back button hijacking' as spam
Google Search has updated its spam policy to treat back button hijacking — where sites prevent users from returning to the previous page — as a violation that can lower a site’s ranking.
Pages caught using this deceptive practice will face manual spam actions or automated demotions, with Google noting it has seen a rise of this type of behavior across the web recently.
Site owners have until June 15, 2026, to remove any scripts or advertising platform code responsible for back button hijacking, including third-party libraries that may cause the problem without their knowledge.
OpenAI valuation faces investor scrutiny amid strategy shift
OpenAI is facing concerns from some investors over its $852 billion valuation as it shifts focus toward enterprise products to compete with Anthropic and Google.
Backers worry that frequent roadmap changes and reduced emphasis on ChatGPT’s consumer growth could weaken its competitive edge.
OpenAI maintains strong investor confidence, citing its oversubscribed $122 billion fundraise and continued growth ahead of a potential IPO.
LAST COFFEE SIP
☕ Other News
Google adds AI Skills to Chrome for reusable workflows
Google introduced Skills in Google Chrome, allowing users to save and reuse AI prompts across different web pages.
The feature builds on Gemini integration, enabling users to run saved workflows like summarizing content, comparing products, or modifying recipes with one click.
Google is also launching a Skills library with pre-built workflows, signaling a push toward making browsers more action-oriented and AI-driven.
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