Tractian announced a $130 million Series D led by Sapphire Ventures and co-led by M&G's Catalyst, valuing the Physical AI company at $1.4 billion. The funding will scale its sensor-based platform for monitoring the health of industrial machinery across manufacturing, data centers, utilities and defense.
Models trained on extensive industrial failure records process this information to identify problems and suggest steps for operators.
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According to reports, Hex has raised $100 million in a Series D at a $1.2 billion valuation while unveiling Hex 4.0. The funding gives the data platform resources to expand teams and push AI-agent workflows to more than 2,500 customers.
Cohere announced the initial close of a Series E round targeting up to CAD $7 billion, which would value Cohere at CAD $35.7 billion if fully raised. The companies of Schwarz Group lead the round. Cohere calls it the largest private raise by a Canadian tech company.
Reuters reported that Kalshi wrapped a $1 billion Series G round at a $40 billion valuation while non-sports markets surpassed $1 billion in annualized revenue. The milestones coincide with new NBA and S&P Dow Jones Indices ties even as Utah and the CFTC pursue separate actions over sports contracts.
FuriosaAI said it closed a $620 million (KRW 820 billion) Series D at a $2.9 billion post-money valuation, according to its blog. Bloomberg reports Korea's National Growth Fund put in about $280 million (KRW 370 billion) and international investors $110 million, with Infinitum the largest overseas backer per Korean press. The company says its RNGD accelerator is in mass production and it will produce 20,000 cards this year.
Firehawk Defense announced a Series D of more than $150 million at a valuation above $1.4 billion, led by Advent and Rochefort Asset Management, according to the company. CEO Will Edwards says the funding will scale propellant and rocket-motor production, with an expectation of third-largest U.S. propellant output by the end of 2027.
