☕ OpenAI is building five new Stargate data centers, AI-generated “workslop” is destroying productivity & Tesla’s robotaxi test had three crashes on day one.
Archetype, a crypto VC fund raised $100M & More.
In 1945, an engineer noticed the chocolate bar in his pocket had melted just from standing near a radar machine.
His name was Percy Spencer. That accidental moment led to the invention of the microwave oven.
Sometimes, paying attention leads to billion-dollar ideas.
Love or hate this intro? Hit reply and tell us why!
📬 What’s in store:
Today’s Picks: Pre-raise investor updates, Seibel on MVP customers, valuation basics, Reddit hack to $1M SaaS, startup financial model template, virality thesis.
Archetype, NYC-based early-stage crypto VC fund raised $100M.
OpenAI is building five new Stargate data centers with Oracle and SoftBank.
Google Photos users on Android can now edit their photos by talking to or texting the AI.
AI-generated “workslop” is destroying productivity.
After India, OpenAI launches its affordable ChatGPT Go plan in Indonesia.
Tesla’s robotaxi test had three crashes on day one.
Alibaba launches Qwen3-Max AI model with more than 1 trillion parameters.
US intel officials “concerned” China will soon master reusable launch.
VC & Startup Jobs: VC & investors backed startup hiring for remote roles.
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DAILY PICKS
🗞️ What else is brewing
The pre-raise update strategy: courting investors months in advance. (Link)
Michael Seibel literally reveals how YC founders find their first customers for MVPs. (Link)
This is what every founder should know about valuation. (Link)
This founder literally hacked Reddit and built a $1 million SaaS. (Link)
Excel template: early-stage startup financial model for fundraising. (Link)
Cluely thesis on virality and hype. (Link)
Beware of “Vibe Revenue” By Greg Isenberg. (Link)
Sales KPIs for startups. (Link)
Why investors don’t care about your business. (Link)
Don’t build useless features. (Link)
How top VCs are really investing in AI applications. (Link)
The day the industry admitted AI subscriptions don’t work. (Link)
STARTUPS RAISING MILLIONS
💰 Startup funding updates
Greptile, a San Francisco, CA-based AI code reviewer, raised $25M in Series A funding. The round was led by Benchmark with continued participation from Cory Levy, YC, and Initialized Capital. With the new funding, Benchmark’s Eric Vishria is joining Greptile’s board.
Judi Health (FKA Capital Rx), a NYC-based enterprise health technology company and benefit administrator, raised $400M in funding. The rebranding is concurrent with the investment.
Filevine, a Salt Lake City, UT-based provider of a legal operating intelligence system, has raised $400M in an all-equity financing. Over a 15-month period, Filevine closed two funding rounds. The first was led by Insight Partners, followed by a larger subsequent round that brought in Accel and Halo Fund to co-lead alongside Insight Partners, with participation from previous investors including Meritech, Stepstone, Run Ventures, and Album Ventures.
AmplifiAI, a Plano, TX-based provider of an AI-powered platform transforming enterprise contact center performance, raised $33.7M in Series B funding. The round was led by CVS Health Ventures, with participation from existing investors LiveOak Ventures and Dallas Venture Partners.
RefAssured, a San Francisco, CA-based provider of automated reference checking solutions and performance insight for the staffing industry, raised $3.3M in Seed funding. The round was led by Dogwood Ventures with participation from HighSage Ventures. Other investors included Bullhorn Ventures, LocumTenens.com, Jeff Bowling, Dan Campbell, Jeff Harris, and Belal Badat Ventures.
Manas AI, a NYC-based AI native drug discovery and development company, raised $26M in Seed extension funding. Backers included The General Partnership, Wisdom Ventures, Blitzscaling Ventures, Westbound Equity Partners, Mosaic Ventures, and others.
Genstore, a Los Angeles, CA-based emerging startup known for its AI-native, intelligence-driven approach to e-commerce operations, raised $10M in Seed funding. The round was led by Weimob.
Testkube, a NYC-based provider of a continuous testing platform, raised $8M in Series A funding. The round was led by existing investors Ratmir Timashev, and Insight Partners.
TELO Trucks, a San Carlos, CA-based electric mini truck maker, raised $20M in Series A funding. The round was led by Yves Behar, and Marc Tarpenning co-founder of Tesla and Venture Partner of Spero Ventures. Additional investment came from TO VC, E12 Ventures, Neo, Marc Benioff, Uncorrelated Ventures, Nova Threshold, MCJ, and others.
wexler.ai, a London, UK-based provider or an AI platform for complex litigation, raised $5.3M in Seed funding. The round was led by Pear VC, with participation from Seedcamp, The LegalTech Fund, and Pre-Seed lead Myriad Venture Partners.
Mamedica, a London, UK-based provider of cannabis-based prescription medicines, raised £4.5M in funding. The round was led by Casa Verde.
Track3D, a San Francisco, CA-based company which specializes in reality intelligence for construction, raised $10M in Series A funding. The round was led by Ironspring Ventures and Zacua Ventures with participation from existing investors Shadow Ventures and Monta Vista Capital.
Obot AI, a San Francisco, CA-based open-source software company, raised $35M in Seed funding. The round was led by Mayfield Fund and Nexus Venture Partners.
Pillar, a Milan, Italy-based fintech startup dedicated to digitalizing the financial management of construction companies, raised €3.2M in Pre-Seed funding. The round was led by Emblem, and included international VCs such as Pareto (USA), Plug and Play (USA) and Kima Ventures (France).
Zealthix, a Gurgram, India-based provider of a comprehensive SaaS based Healthcare platform has raised USD $1.1M in Seed funding. The round was led by Unicorn India Ventures with participation from AlphaGen Venture Capital.
Scindo, a London, UK-based startup developing a data-rich AI platform, raised £4M in funding. The round was led by Kadmos Capital and Clay Capital, with participation from PINC, and existing investors Synbioven, AgFunder, SOSV, Farvatn Venture and Savantus Ventures.
DaltonTx, a London, UK-based provider of a disease- and technology-agnostic adaptive platform, raised £4M in Seed funding. Backers included redalpine, IQ Capital Partners, and Seedcamp, and support from Oxford University Innovation.
Morse Micro, a Sydney, Australia-based provider of fabless Wi-Fi HaLow silicon solutions, raised $59M in Series C funding. The round was led by MegaChips with participation from National Reconstruction Fund Corporation (NRFC), Blackbird, Main Sequence, Uniseed, Ray Stata, Malcolm and Lucy Turnbull, Startmate, Hostplus, NGS, and UniSuper.
InCountry, a Singapore-based provider of data protection products at the intersection of AI, identity, and sovereignty, raised $10M in funding. The round was led by Arbor Ventures.
Earthmover, a NYC-based software company supporting the modern workflow for climate, weather, and other tensor data raised $7.2M in Seed funding. The round was led by Lowercarbon Capital and joined by Costanoa Ventures and Preston-Werner Ventures.
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NEW VCs IN THE MARKET
🏦 Venture Capital updates
Archetype, a NYC-based early-stage crypto venture capital firm, closed its third fund, Archetype III, at over $100m. The fund received support from both existing and select new institutional investors, including funds of funds, pensions, academic endowments, sovereign wealth funds, and family offices. LPs include Accolade Partners, and The Ether Machine, among the others.
KEY STORIES IN TECH
📜 Latest in tech
OpenAI is building five new Stargate data centers with Oracle and SoftBank:
OpenAI will construct five new AI data centers in the U.S. with Oracle and SoftBank, boosting Stargate’s planned capacity to seven gigawatts, enough to power 5M+ homes.
Oracle is developing sites in Shackelford County (TX), Doña Ana County (NM), and a Midwest location, while SoftBank is building in Lordstown (OH) and Milam County (TX).
The expansion follows Nvidia’s planned $100B investment in OpenAI, underscoring its push to scale infrastructure for training and deploying more powerful AI models.
AI-generated “workslop” is destroying productivity:
Harvard Business Review has defined “workslop” as AI-generated office content that appears polished but lacks substance, shifting the burden of correcting the task to the person who receives it.
A recent survey reveals that 40 percent of U.S. workers received workslop last month, reporting an average of nearly two hours of lost time to fix each low-quality AI output.
The phenomenon creates an invisible cost of $186 per employee each month, and half of workers say they view colleagues who send them workslop as less capable and reliable.
Google Photos users on Android can now edit their photos by talking to or texting the AI:
Google Photos now lets Android users edit images with natural language via voice or text, powered by Gemini AI, expanding beyond Pixel 10 devices.
Users can ask the AI to adjust lighting, remove objects, restore old photos, or even add creative AI elements, with follow-up requests supported for fine-tuning.
The update also brings C2PA Content Credentials support to Android, marking when images were AI-created or edited.
After India, OpenAI launches its affordable ChatGPT Go plan in Indonesia:
OpenAI introduced its ChatGPT Go plan in Indonesia at Rp75,000 ($4.50) per month, following its India rollout last month.
The mid-tier plan offers 10x higher usage limits than the free version, image generation, file uploads, and better conversation memory, according to ChatGPT head Nick Turley.
The launch intensifies competition with Google, which recently debuted its AI Plus plan in Indonesia featuring Gemini 2.5 Pro, creative tools, NotebookLM, and 200GB of cloud storage.
Tesla’s robotaxi test had three crashes on day one:
Tesla’s robotaxi test in Austin experienced three separate crashes on its first day of operation, July 1, after the automaker had logged a mere 7,000 total miles in testing.
Two of the crashes involved another car rear-ending a Model Y, while the third saw a Tesla with a safety operator on board collide with a stationary object, causing a minor injury.
By contrast, Waymo’s crash rate is more than two orders of magnitude lower, with just 60 crashes logged over 50 million miles of driving; that company has now logged 96 million miles.
Alibaba launches Qwen3-Max AI model with more than 1 trillion parameters:
Alibaba unveiled its most powerful AI model yet, Qwen3-Max, boasting over 1 trillion parameters and advanced capabilities in code generation and autonomous agents.
The model reportedly outperformed rivals like Anthropic’s Claude and DeepSeek-V3.1 in benchmarks, highlighting China’s intensifying AI race.
Alibaba is backing its AI push with a $53.4B investment in infrastructure over three years, alongside new products like Qwen3-Omni for immersive AR/VR applications.
LAST COFFEE SIP
☕ Other news
US intel officials “concerned” China will soon master reusable launch:
A US Space Force intelligence official expressed concern that China mastering reusable lift would let them place more capability on orbit at a much quicker cadence than is currently possible.
The United States’ key advantage over China is SpaceX’s success in recycling rocket parts, which includes 500 successful landings of its Falcon 9 first stage booster to date.
Without a reusable rocket, China requires 14 different types of launchers to achieve a launch rate that is less than half of what the US accomplishes, mostly using the Falcon 9.
HIRING ALERT: STARTUPS & VC ROLES
💼 Today’s VC & startup job opportunities
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Investment Analyst - Capital Oven | India - Apply Here
Investor Relations Associate - Chenel Capital Partner | USA - Apply Here
VP of Fundraising - Scale Asia Venture | Japan - Apply Here
Research Analyst - Positive Sum | USA - Apply Here
Student Venture Scout - Strand Venture | UK - Apply Here
2026 Venture Capital Summer Analyst - Stepstone Group | USA - Apply Here
AI Venture Analyst Intern - Untaped Venture | USA - Apply Here
Investment Analyst - ECBF | France - Apply Here
Investor Relations Manager - Beco Capital | UK - Apply Here
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