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NuSummit Appoints Kunal Purohit Managing Director and CEO

NuSummit appointed Kunal Purohit Managing Director and CEO, succeeding Anantharaman Sreenivasan, to lead the AI-led cybersecurity, data, digital, and cloud transformation solutions provider into its next phase of growth.

Efficient Computer Announces $97M+ Series B for Energy-Efficient Processors

Efficient Computer said it entered into agreements for more than $97 million in Series B financing at a $650 million valuation, led by TQ Ventures, to ship its Electron E1 processor in volume to lead customers.

Quartermaster Raises $140M in Series B and Debt for Ocean Data Network

Quartermaster raised $140 million, a $100 million Series B led by Insight Partners plus a $40 million Stifel venture debt facility, to build an ocean data network.

MongoDB Appoints Dev Ittycheria Interim CEO

MongoDB appointed former CEO Dev Ittycheria as interim President and CEO after Chirantan “CJ” Desai stepped down to take a senior role at Meta.

Island Raises $400M Series F at $6.4B Valuation

Island raised a $400 million Series F led by Evolution Equity Partners at a $6.4 billion valuation to fuel growth as enterprises scale AI agents.

Basecamp Research Raises $140M Series C for AI-Designed Medicines

Basecamp Research raised a $140 million Series C led by S32 to train new EDEN models and advance AI-designed therapeutics toward clinical development.

Go.AI Raises $85M Series A for On-Premises AI Infrastructure

Go.AI raised an $85 million Series A led by Updata Partners, bringing total funding to $90 million as it scales secure on-premises AI for regulated industries.