AI
Guidewire Bets $1.7 Billion on AI That Reads the Insurance Attachments
Guidewire agrees to buy hyperexponential for $1.7 billion plus an earnout. AI underwriting has a serious use case—and an expensive margin for error.
AI
Guidewire agrees to buy hyperexponential for $1.7 billion plus an earnout. AI underwriting has a serious use case—and an expensive margin for error.
AI
Nebius secured a $3.5 billion Citi facility with a 364-day maturity. Serious AI infrastructure meets a repayment calendar that cannot be prompted away.
Funding
Loops raised $3.5 million to unify AI shopping tools for retailers. The pitch is ambitious, the problem is real, and the catalog still has feelings.
Startups
Tensor Machines raised $1.5M to measure useful AI compute. The idea is smart, the hardware is hot, and the spreadsheet needs a thermometer.
Boston Tech
Uber’s $2.3 billion ezCater acquisition agreement gives Boston tech a win, validating patient company-building and the surprisingly serious lunch business.
Boston Tech
Evident acquired CrestOptics on October 5, expanding live-cell microscopy. Its Needham operation links Boston biotech to a global scientific tools deal.
AI
Megaport signed A$979 million in AI contracts with hefty customer prepayments. The demand looks serious. The servers still have to earn their keep.
Funding
Tekever’s $580 million round puts AI ambition on a factory floor. Real aircraft and Army demand give the pitch substance; a $6.4 billion valuation raises the stakes.
Boston Tech
Boston biotech Superluminal Medicines raised $60 million to take an AI-designed oral drug for rare genetic obesity into its first human trial.
Fintech
TabaPay raised $155 million and plans to buy Transact Bank, bringing payment rails and a national bank charter under one increasingly regulated roof.
Startups
Gatik raised $200 million to scale driverless box trucks for PepsiCo and other giants. The middle mile is suddenly very real—and very expensive.
Startups
Generalist added $200 million for a robot brain that learns from demonstrations. The science is promising; the funding cadence has achieved sentience.