📊 Sifflet Brings Trust to AI with End-to-End Data Observability

Sifflet, the Paris-based startup tackling data reliability, has raised an $18M Series A led by EQT Ventures and Mangrove Capital. As AI adoption accelerates, Sifflet ensures data pipelines stay clean, observable, and ready for machine learning.

🧠 AI-ready data, monitored in real time
• Sifflet provides full-stack data observability—from ingestion to dashboards
• Platform detects anomalies, broken pipelines, and quality issues automatically
• Used by data teams to maintain trust in ML models and analytics

📈 Traction and global expansion
• Clients include Penguin Random House, Euronext, and other enterprise users
• New funding will support North America growth and autonomous “data watchdogs”
• Backed by EQT, Mangrove, and Capmont Technology

🧭 From stealth to strategic infrastructure
• Founded in 2021 by Salma Bakouk and the Fathallah brothers
• CEO Bakouk is ex-Goldman Sachs with a vision for trusted AI data stacks
• Positioned as a critical reliability layer in enterprise AI workflows

Sifflet is riding the observability wave as clean data becomes non-negotiable for enterprise AI.

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🌍 Glyde Disrupts FX Market with Pre‑Seed Round

Glyde, the London-headquartered FX startup aiming to shake up cross-border payments, has raised £450,000 in a pre-seed round led by Fuel Ventures. The capital will fuel engineering growth, global expansion, and sharpen its transparent FX tools.

💱 Transparent, user‑centric currency exchange
• Enables users—freelancers, global earners, SMEs—to send, receive and convert 50+ currencies without hidden markups
• Users select their own exchange rates, cutting costs up to 3× compared to Revolut and brokers
• Launching a public FX calculator that highlights the real cost of traditional providers—no sign-up required

📈 Momentum and backing
• Backed by Fuel Ventures alongside 16 angel investors including former Nomura FX head Danny Kinnear
• Funds directed toward product development, building the engineering team, and user acquisition in the UK and abroad

🧭 Built for the globe-trotting workforce
• Founded by brothers Ellis and Nathan Taylor with deep FX customer insights
• Targets digital nomads, freelancers billing in different currencies, ecommerce businesses paying suppliers
• Positioned to bring transparency and automation to FX workflows for modern global professionals and small businesses

Glyde flips the FX model—putting exchange rate control back in users’ hands. With early traction, public tools, and a capital boost, it’s poised to redefine cross-border payments for a new generation.

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💉 Tennr Automates Patient Referrals with AI to Fix Healthcare’s Bottleneck

Tennr, the NYC-based health-tech startup streamlining patient referrals, has raised a Series C round led by IVP, with backing from a16z, Lightspeed, ICONIQ, and GV. Its AI platform is replacing outdated, manual referral systems with real-time coordination.

🧠 AI for referral chaos
• Uses proprietary RaeLM model to interpret faxes, PDFs, and scanned forms
• Automates routing and intake based on payer and provider rules
• Now processes over 10M medical documents monthly

📈 Fast growth and product evolution
• Revenue has tripled since late 2024
• Launching Tennr Network to connect providers, specialists, and patients
• Funds will expand engineering and go-to-market teams

🧭 Built by engineers, shaped by care gaps
• Founded in 2021 by Stanford engineers frustrated by manual workflows
• Designed to work within existing EMRs—no disruption for clinical teams

Tennr is quietly building the digital backbone for how patients get from referral to care—faster, smarter, and with far less friction.

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🧠 Thinking Machines Wants to Make AI Safer, Smarter—and Open

Thinking Machines Lab, the AI startup founded by ex-OpenAI CTO Mira Murati, has emerged from stealth with a $2B seed round and a $10B valuation. The San Francisco-based company aims to build general-purpose AI that is more interpretable, open, and aligned with human values.

🔬 Research-first, open-science approach
• Public benefit corporation focused on transparency and reproducibility
• Committed to open-sourcing code, datasets, and research outputs
• Prioritizes human-AI collaboration and alignment with democratic norms

💥 Massive funding, elite team
• $2B seed round led by a16z and Conviction, with $50M+ minimum checks
• Advisors include top AI talent from OpenAI, Anthropic, and DeepMind
• ~30 researchers from Meta, Mistral, Google Brain, and others onboard

🧭 Murati’s mission with majority control
• Murati retains majority board voting power to protect long-term vision
• Company still in R&D phase—no product yet, but heavy investor conviction
• Strategy mirrors Anthropic’s playbook: bet big on frontier science and safety

Thinking Machines is making an audacious bid to reshape how frontier AI is built—openly, securely, and with human benefit at the center.

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🥸 Cluely Builds AI That Helps You Cheat—On Everything

Cluely, the viral AI startup helping users “cheat” on job interviews, exams, and sales calls, has raised a $15M Series A led by Andreessen Horowitz, following a $5.3M seed round just two months ago. Its desktop assistant quietly feeds answers in real time during high-stakes conversations.

🧠 Real-time AI for high-pressure moments
• Watches your screen and listens through your mic during live sessions
• Delivers real-time answers for interviews, tests, and client calls
• Designed to be undetectable and context-aware across workflows

📈 Viral growth meets early revenue
• Hit $3M in ARR and claims early profitability
• Valued at $120M post-money, with $50M+ check sizes from investors
• Growth powered by creator-led marketing and bold online campaigns

🧭 Controversial roots, bold vision
• Founded by Columbia dropouts behind a banned interview-prep tool
• a16z backs it as a “new category” of proactive AI assistance
• Faces scrutiny over ethics, reliability, and legal gray zones

Cluely is betting big that AI-enhanced “performance” is the future of knowledge work—whether the world sees it as cheating or simply evolving.

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💳 Ramp Expands from Corporate Card to All-in-One Finance OS

Ramp, the NYC-based fintech streamlining company spending, has raised a $200M Series E led by Founders Fund, pushing its valuation to $16B. Once known for its corporate card, Ramp now offers an AI-powered platform for every part of the finance stack—from expenses to procurement and treasury.

🧠 AI for finance automation
• Automates expense reports, bill pay, approvals, and accounting workflows
• Acquired Venue to power smarter procurement decisions
• New features include Ramp Treasury (2.5% yield) and Priceline-powered travel booking

📈 Rapid scale across enterprise finance
• Serves 40,000+ customers, including Shopify, Notion, and Anduril
• Processes tens of billions in annual transactions
• Shipped over 270 product updates in 2025 alone

🧭 Strategic focus beyond cards
• Founded in 2019 by serial entrepreneurs Eric Glyman and Karim Atiyeh
• Backed repeatedly by Founders Fund, Thrive, and General Catalyst
• Only ~1.5% market penetration in the U.S.—with runway for much more

Ramp is evolving into the operating system for modern CFOs—automating not just spending, but how finance teams work.

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🧠 Apple Eyes Perplexity to Supercharge AI Search Ambitions

Apple is in early talks to acquire Perplexity AI, the red-hot search startup reimagining how users find information with conversational AI. With a $14B valuation and rapid user growth, Perplexity could give Apple a serious alternative to Google—and a leap forward in its AI push.

🔍 Rethinking search with AI chat
• Combines multiple LLMs (GPT-4.1, Claude, Gemini) for fast, cited answers
• Over 30M daily queries; ~20% monthly query growth
• Revenue from $20/month Pro plans and publisher rev-share

📱 Strategic fit across Apple’s ecosystem
• Could slot into Safari and Siri to replace or complement Google Search
• Ongoing antitrust scrutiny has Apple seeking more control over search stack
• Also in talks with other AI search players for potential integration

🤖 Big bets on future of AI
• Internally led by Eddy Cue (Services) and Adrian Perica (M&A)
• Would be Apple’s largest-ever acquisition—4x the size of its Beats deal
• Move aligns with broader Apple Intelligence rollout and GenAI upgrades

Perplexity could help Apple reclaim search—and stake a bigger claim in the AI race.

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🌍 Tensec Rebuilds Cross-Border Payments

Tensec, a Palo Alto-based fintech, has raised $12M in seed funding to modernize how global businesses move money. With a sleek, AI-powered platform, Tensec helps trading firms embed treasury, FX, and payments directly into their workflows—without touching legacy banking rails.

💸 Embedded finance for global trade
• Offers instant KYB onboarding, smart compliance, and no-code FX infrastructure
• Built on real-time rails, with U.S. banking powered by Stearns Bank (FDIC member)
• Traders access hedging, multi-currency wallets, and real-time settlements out of the box

📈 Early traction, massive market
• Supporting ~$10B in trade volume with plans to scale to $30B+
• Targeting SMBs in physical goods trade—40% of a $25T market
• Positioned for APAC and EU expansion as global payments hit $250T by 2030

👥 Veteran team meets modern infrastructure
• Founded by ex-Rapyd, Goldman Sachs, and Meta execs with deep trade and fintech roots
• Backed by Costanoa, Quiet Capital, WillowTree, and Cambrian Ventures
• Aims to be the “Stripe for cross-border B2B” by eliminating friction in trade flows

Tensec is giving modern exporters and traders the infrastructure big banks never built—and doing it with speed, compliance, and scale.

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🏭 Pelico Powers AI-Driven Orchestration for Industrial Supply Chains

Pelico, the Paris- and Miami-based startup helping manufacturers respond to supply chain disruptions in real time, has raised a $40M strategic round led by General Catalyst. Its AI-powered platform connects factory teams with operational data to reduce parts shortages, cut lead times, and improve delivery performance.

🧠 AI for factory decision-making
• Transforms siloed data into real-time, actionable insights for planning, logistics, and shop-floor teams
• Cuts parts shortages by 40% and improves on-time delivery by 15%
• Fast 12-week deployments for global manufacturers like Airbus, Safran, and Daikin

📈 Traction across complex industries
• Used in 15+ countries by 1,000+ factories, with 300% YoY revenue growth
• Adopted by 5 of the top 10 global aerospace & defense companies
• North American revenue tripled in just 6 months

🧭 Scaling with Agentic AI and U.S. expansion
• Founded in 2019 by Tarik Benabdallah, Mamoun Alaoui, and Jonathan Hickson
• Backed by General Catalyst, 83North, Serena, and Microsoft’s M12
• Investing in “Agentic AI” for intelligent supply chain self-orchestration

Pelico is becoming the nervous system for industrial ops—giving manufacturers the agility to respond to disruptions before they cascade.

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🏥 Commure Builds the AI Operating System for Healthcare

Commure, the SF-based healthtech platform transforming hospital operations, has secured $200M in growth financing from General Catalyst’s Customer Value Fund. The company is rolling out AI-powered tools across revenue cycle, clinical documentation, and practice management—aiming to streamline how providers work from front desk to exam room.

🤖 AI for healthcare workflows
• Automates the entire RCM stack—from intake to collections and posting
• Ambient AI captures clinical notes, codes visits, and reduces after-hours documentation
• Cloud-based platform powers intelligent scheduling, referrals, and patient engagement

📈 Rapid scale across U.S. health systems
• Serves 130+ health systems, with deployments at giants like HCA Healthcare
• Facilitates billions in RCM automations annually
• ARR has doubled three years in a row, now in the high hundreds of millions

🧭 Strategic infrastructure for care delivery
• Led by CEO Tanay Tandon, a former Palantir product leader
• Designed to be the “atomic infrastructure” of modern care systems
• CVF structure gives growth capital without equity dilution

Commure is fast becoming the nervous system for U.S. hospitals—automating the back office and bringing AI directly into clinical care.

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🌐 Vietnam’s SSI Digital backs U2U Network to power national Web3 infrastructure

Vietnam’s leading financial institution SSI is going all-in on blockchain, with its tech arm SSID leading U2U Network’s Series A to build the country’s foundational digital infrastructure.

🧠 From brokerage to blockchain
• SSI started in 1999 with 13 employees — now one of Vietnam’s biggest financial players with over $3B in assets
• SSID (SSI Digital) was spun out to focus on blockchain, AI, and digital transformation across finance, healthcare, education, and agriculture
• Runs a $200M+ venture arm with plans to co-invest up to $500M in Web3 and deep tech

🚀 U2U Network as a national backbone
• A Vietnam-built Layer-1 blockchain using DAG architecture and Subnet scaling
• Focused on real-world use: DePIN, RWAs, and enterprise adoption
• Already integrated with major exchanges (KuCoin, Bitget, Gate, etc.) and used by 1M+ users

📣 Not just capital — community
• SSID built a massive retail education engine:
• 262 episodes of “Café Chứng”, a finance TV show
• “Moneyverse” project reaching 8,800+ young investors through talkshows and training
• Hosted 600+ global investor meetings with Citi, Goldman Sachs, and more

SSI isn’t just investing in crypto — it’s helping architect Vietnam’s digital future from the ground up.

🔺 Tadaweb Turns “Small Data” into a Scalable OSINT Engine

Tadaweb, the Luxembourg-based open-source intelligence (OSINT) startup, has raised $20M in growth funding from Arsenal Growth, Forgepoint Capital, and Wendel. The platform helps security and intelligence teams rapidly turn public data into actionable insights—focusing on accuracy over volume.

🔍 Precision-first OSINT for real-world missions
• Extracts high-value “small data” from open sources to reduce analyst workload
• Fully auditable: users see what data was used, when, and how
• Trusted by national security, cyber, and enterprise users across Europe and the U.S.

📊 Strong momentum across government and security
• ~120 employees with 30% revenue growth last year
• Total funding now $40M after an earlier round in 2023
• Used by defense, law enforcement, and threat intel teams in mission-critical environments

🧭 Scaling transparent intelligence infrastructure
• Founded in Luxembourg with a growing U.S. and UK footprint
• Arsenal Growth’s Jason Rottenberg and Forgepoint’s Damien Henault join the board
• New funds will go to hiring, product development, and international go-to-market

Tadaweb is redefining open-source intelligence by making it faster, more precise, and more accountable—exactly what modern security teams need.

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⚙️ Snowcap Bets on Superconductors to Reinvent AI Infrastructure

Snowcap Compute has raised $23M in seed funding to build superconducting chips that could dramatically outperform today’s silicon-based AI hardware. The round was led by Playground Global, with participation from Cambium Capital and Vsquared Ventures. Their goal: solve AI’s growing power problem with a fundamentally different architecture.

⚙️ Cryogenic chips with radical efficiency gains
• Uses niobium titanium nitride to enable near-zero resistance at cryogenic temps
• Promises up to 25× better performance per watt vs. current AI chips
• Designed to work in tandem with industrial cooling systems for total energy savings

📈 Early momentum and heavyweight backers
• Led by former Cadence executive Michael Lafferty, with PhDs from Northrop and Imec
• Backed by Pat Gelsinger (former Intel CEO), now a GP at Playground
• First chip expected in 2026, with system builds to follow

🌐 A bold shift beyond Moore’s Law
• Targets hyperscale data centers strained by Nvidia-powered compute demand
• Compatible with 300mm fabs—easing future manufacturing scale
• Materials sourced from Brazil and Canada to support global supply chain

Snowcap isn’t chasing incremental gains—it’s betting on a new paradigm where superconductors make AI compute radically faster and cleaner.

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⚖️ Harvey Builds AI Infrastructure for the Legal World

Harvey, the AI startup transforming legal workflows, has raised a $300M Series E co-led by Kleiner Perkins and Coatue, with participation from Sequoia, OpenAI Startup Fund, DST, and others. The round doubles its valuation to $5B, reinforcing its lead as the go-to AI platform for legal professionals.

🛸 AI-native tools for legal teams
• Offers tools like Assistant, Workflows, Vault, and Knowledge for research, drafting, and document review
• Built on top of models from OpenAI, Anthropic, and Google
• Used by top global law firms and in-house legal departments to cut hours of manual work

📈 Rapid growth and rising demand
• Run-rate revenue surged from $50M to $75M in just one quarter
• Headcount at ~340, with plans to double over the next 12 months
• Serves over 330 enterprise clients in law, corporate, and regulatory environments

🚀 Expanding into adjacent professional services
• Now integrating legal research via LexisNexis and REV for deeper domain expertise
• Plans to expand product suite into accounting, tax, and compliance workflows
• New capital to fuel R&D, hiring, and global expansion

Harvey is quietly becoming the AI operating system for professional services—starting with law, but scaling far beyond it.

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🧮 Qualytics Brings AI-Grade Data Quality to the Enterprise Stack

Atlanta-based Qualytics has raised a $10M Series A led by BMW i Ventures to scale its platform for augmented data quality. The startup helps enterprises monitor, validate, and trust their data in real time—automatically and at scale.

🛸 Augmented data quality for modern data stacks
• Auto-generates thousands of quality rules across source systems, warehouses, and lakehouses
• Low-code workflows and anomaly detection help teams catch issues early
• Designed to empower both business users and data engineers with continuous observability

📈 Growing demand from data-driven enterprises
• 5× revenue growth over the past year, with wins in financial services and healthcare
• Oversubscribed round with participation from Conductive Ventures, The Hill Fund, and others
• Trusted by companies that rely on real-time, high-integrity data pipelines

🚀 Building the next layer of trust in AI and analytics
• Founded by Gorkem Sevinc and Eric Simmerman with deep roots in data infrastructure
• Funds will go toward scaling engineering, accelerating onboarding, and expanding enterprise go-to-market
• Positioned as a foundational layer for AI workflows and governed analytics

As businesses rush to adopt AI, Qualytics is tackling the invisible risk: dirty data. Their platform ensures the insights you build are only as good as the data behind them.

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🛸 Pangram Builds AI to Spot Machine-Written Text

Pangram, an AI startup founded by former Tesla and Google engineers, has raised a $4M seed round to detect AI-generated content. The company’s active learning model outperforms traditional detectors like Turnitin and is already being used by Quora and NewsGuard.

🧪 Smarter detection through active learning
• Uses a feedback loop to generate hard-to-classify examples for training
• Built on open-source models, offering better performance at lower cost
• Research shows a 38x error reduction vs. standard detection tools

📊 Early traction with power users
• Clients include Quora and media verification firm NewsGuard
• Subscription pricing for individuals, pros, and developers (starts at $15/month)
• Raised from ScOp, Script Capital, Cadenza, Haystack VC, and others

🧬 Stanford roots, big ambitions
• Founded by Bradley Emi and Max Spero, Stanford grads with stints at Tesla and Google
• Currently 8 engineers, aiming to grow post-funding
• Plans to expand beyond enterprise into consumer tools for AI integrity

As AI content floods the internet, Pangram wants to be the backbone of trust—quietly verifying what’s real and what’s synthetic.

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🩺 Abridge Turns Doctor-Patient Talks into Real-Time Clinical Notes

Abridge, a Pittsburgh- and San Francisco-based startup, has raised a $300M Series E led by Andreessen Horowitz to scale its AI that turns medical conversations into structured documentation. Now valued at $5.3B, Abridge aims to eliminate clinician burnout by automating the most tedious part of healthcare: note-taking.

🛸 Real-time AI for medical documentation
• Transcribes and summarizes clinician–patient conversations using ambient AI
• Extracts structured data like ICD-10 and HCC codes at the point of care
• Integrated with EHRs like Epic to support billing, referrals, and medical orders

📈 Rapid growth across U.S. health systems
• Deployed in 150+ systems, processing over 50M conversations annually
• Covers 55 specialties and 28 languages; >90% clinician retention after onboarding
• Reduces documentation time by 60–70% across clinical workflows

👨‍⚕️ Mission-led team with deep healthcare roots
• Founded by cardiologist Dr. Shiv Rao and backed by top-tier VCs including Khosla Ventures
• Now over 100 employees across engineering and clinical operations
• Expanding into inpatient settings and deeper EHR integrations post-funding

As hospitals face soaring admin costs and clinician burnout, Abridge is betting that listening—then writing—can be the most valuable AI skill in medicine.

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🎯 Kalshi Brings Real-World Prediction Markets to Scale

Kalshi, the AI-powered prediction market platform, has raised a $185M Series C round led by Paradigm, with backing from Sequoia, Citadel’s Peng Zhao, Bond Capital, Multicoin, and Neo. The round pushes Kalshi’s valuation to $2B as it accelerates its mission to make event forecasting a mainstream financial instrument.

📱 A regulated exchange for real-world events
• Offers tradable contracts on events like elections, inflation, Fed decisions, and weather
• Fully regulated by the CFTC — a key differentiator from crypto-native prediction markets
• Targets individuals and institutions looking to hedge or profit from macro volatility

📊 Growth fueled by election cycles and market volatility
• Saw massive traction during U.S. midterms and 2024 election run-up
• Positioned as a data-rich alternative to polls and analyst forecasts
• Riding a wave of renewed interest in predictive markets, alongside players like Polymarket

⚖️ From MIT to Wall Street — with a legal edge
• Founded by MIT alums Tarek Mansour and Luana Lopes Lara in 2018
• Recently won a major court battle vs. the CFTC to enable political event trading
• Paradigm’s backing signals confidence in Kalshi’s long-term regulatory defensibility

Prediction markets are evolving into serious financial infrastructure—and Kalshi is building the rails for institutional-grade forecasting.

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🧠 OpenRouter Builds the Universal API for AI Models

OpenRouter, the one-stop routing layer for large language models, has raised a $40M combined Seed and Series A round led by Andreessen Horowitz and Menlo Ventures, with backing from Sequoia and prominent angels. Now valued at $500M, OpenRouter is emerging as core infrastructure for multi-model AI development.

🛸 Unified access to 400+ AI models
• Connects to models from OpenAI, Anthropic, Mistral, Google, Meta, and more via a single API
• Automatically routes requests based on latency, cost, or performance preferences
• Offers transparent pricing and usage tracking across providers with just a 5% platform fee

📈 Surging demand from devs and enterprises
• $100M+ inference run rate as of May 2025 — up 10× since October
• Over 1M developers using the platform, handling trillions of tokens weekly
• Runs on 50+ cloud hosts with edge latency as low as 25ms

🔗 Building the AI infrastructure backbone
• Integrates with Zapier, VS Code, Cloudflare, PostHog, and more
• Partnered early with OpenAI for GPT-4.1 rollout and usage insights
• Offers enterprise-ready tools for routing, analytics, and failover protection

As the AI stack fragments, OpenRouter is stitching it back together—offering developers and enterprises a unified gateway to the future of multi-model AI.

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