Silicon Valley

Altimeter, Conviction and Spark lead the largest-ever pure-play inference infrastructure round; 20x revenue growth in a year and 87 clusters across 18 clouds position Baseten as the production layer beneath AI applications

The tech giant's SEC 10-K, filed June 22, names AI adoption directly as the driver; AI now handles 94% of database administration tasks that were previously done by human employees

Former DeepMind scientist Pete Florence's startup closes the year's largest Series A in robotics AI, backed by Radical Ventures, Nvidia and Fei-Fei Li; GEN-1 completes dexterous tasks 3x faster than prior models

22-year-old MIT dropout Ethan Thornton's defense startup lands Series C led by Infinite Capital, Sequoia and Khosla; a 115,000 sq ft Huntington Beach factory and five weapons platforms underpin the jump from $470m

Schroepfer raised the fund in 2023 but closed it oversubscribed on June 1 despite market skepticism; portfolio spans energy, critical minerals and physical AI, with Commonwealth Fusion and Form Energy as anchors