#funding
// 6 transmissions tagged with #funding
Panthalassa raises $140M to put AI data centers in the ocean
Oregon-based Panthalassa closes $140M Series B led by Thiel, with Doerr, Benioff, and Levchin on the cap table. The plan: floating compute nodes powered by ocean waves, cooled by ocean water.
Vercel raises Series E at $3B valuation
Vercel closes $250M Series E. Pace of platform consolidation continues — and the IPO clock starts.
Bengaluru pulls $848M in Q1, 98% of Karnataka's tech funding
Karnataka's tech ecosystem raised $868M across 117 rounds in Q1 2026. Bengaluru took 98% of state capital and 166 deals — the highest deal count of any Indian city. India total YTD is $6.59B.
Snabbit seeks $400M valuation. India's home-services category gets serious.
Bengaluru-based Snabbit is in talks for fresh funding at a $400M valuation, three months after closing a $56M Series D. The question: is on-demand home services finally scaling profitably in India?
Cursor in talks at $50B. The fastest B2B SaaS scaling on record.
Cursor is raising $2B at a $50B valuation, almost double the November 2025 round. ARR has gone from $100M to $2B in 14 months — the fastest B2B SaaS scaling ever recorded.
Cognition raises $400M Series D for Devin at $9B
Cognition AI closed a $400M Series D at a $9B valuation. Devin, the autonomous AI software engineer, faces an increasingly crowded market — Cursor at $50B, Copilot Agent Mode at GA, and a growing field of pure-play agent startups.