---
title: "August 12–13 VC News Roundup: Multi-Day Batteries, Vibe Coding & Enterprise Agents"
description: "Gap-fill investment news for Aug 12–13: Form Energy, Lovable, Thrive Holdings, CodeRabbit, Blacksmith, and Skan AI — who uses the products and why these funds fit."
date: 2026-08-13T00:00:00.000Z
tags: ["2026-vc-news", "startup-funding", "venture-capital", "market-analysis", "artificial-intelligence", "climate-tech", "developer-tools"]
source: https://venturecapitaltracker.com/2026-august-12-13-investment-news-energy-codegen-enterprise
---

# August 12–13 VC News Roundup: Multi-Day Batteries, Vibe Coding & Enterprise Agents

> Gap-fill investment news for Aug 12–13: Form Energy, Lovable, Thrive Holdings, CodeRabbit, Blacksmith, and Skan AI — who uses the products and why these funds fit.

Earlier August batches already covered River AI, Neros, Flagler, Obsidian, and the defense/optics clusters. **This roundup is the Aug 12 gap-fill** — six deals that still needed VCT-style write-ups: who uses the product, why now, and why *this* capital.

## Snapshot table

| Company | Amount | Stage | Key capital | Job |
| --- | --- | --- | --- | --- |
| [Thrive Holdings](/2026-thrive-holdings-2b-openai-ai-deployment) | $2B | Growth platform | SoftBank, [D1](/fund/d1-capital), [Altimeter](/fund/altimeter-capital) | AI inside acquired services firms |
| [Form Energy](/2026-form-energy-750m-series-g-sequoia-coatue) | $750M | Series G | T. Rowe; [Sequoia](/fund/sequoia), [Coatue](/fund/coatue) | Multi-day iron-air grid storage |
| [Lovable](/2026-lovable-400m-series-c-menlo-13-3b) | $400M | Series C @ $13.3B | [Menlo Ventures](/fund/menlo-ventures) | Vibe-coding / app generation |
| [CodeRabbit](/2026-coderabbit-143m-series-c-agentic-change-management) | $143M | Series C @ $1.5B | Atomico/Smash; [CRV](/fund/crv), [Scale](/fund/scale-venture-partners) | Agentic change management |
| [Skan AI](/2026-skan-ai-63m-series-c-enterprise-context-graph) | $63M | Series C | Cathay + Dell Tech Capital | Context graph of work |
| [Blacksmith](/2026-blacksmith-45m-series-b-peak-xv-ci-ai) | $45M | Series B @ $550M | Peak XV; [YC](/fund/y-combinator), GV | AI-era CI compute |

## Theme 1 — Power for the AI buildout

**[Form Energy](/2026-form-energy-750m-series-g-sequoia-coatue)** is not a four-hour Megapack clone. It sells ~100-hour iron-air for utilities and large buyers (Xcel, Google, Crusoe among disclosed projects). [Sequoia](/fund/sequoia) joining a T. Rowe-led Series G with [Coatue](/fund/coatue) returning is manufacturing + offtake capital.

Pair with earlier August coverage of [Base Power](/2026-base-power-1b-series-d-13b-ribbit): residential VPP vs multi-day utility storage — same grid-flexibility boom, different duration.

## Theme 2 — The AI software factory splits into layers

**[Lovable](/2026-lovable-400m-series-c-menlo-13-3b)** generates ($500M ARR claim, $13.3B print, [Menlo](/fund/menlo-ventures) lead again).

**[Blacksmith](/2026-blacksmith-45m-series-b-peak-xv-ci-ai)** validates (CI cores + autofix as PR volume spikes).

**[CodeRabbit](/2026-coderabbit-143m-series-c-agentic-change-management)** judges (triage, explainability, post-merge security at $1.5B).

One tape, three jobs: **create → validate → govern**.

## Theme 3 — Enterprise AI needs owned workflows and observed work

**[Thrive Holdings](/2026-thrive-holdings-2b-openai-ai-deployment)** buys accounting/IT firms and installs OpenAI-aligned agents — PE distribution, not another seat of SaaS.

**[Skan AI](/2026-skan-ai-63m-series-c-enterprise-context-graph)** maps how work actually runs before agents automate it; Citi and State Farm invested after buying.

## How to use these pages

| Audience | Start here |
| --- | --- |
| Founders (devtools) | Lovable vs CodeRabbit vs Blacksmith — pick your layer |
| Founders (climate) | Form Energy — offtake + factory before chemistry poetry |
| Investors / scouts | Follow `/fund/menlo-ventures`, `/fund/sequoia`, `/fund/thrive-capital` |
| Operators | Skan for process truth; Thrive Holdings for AI-inside services preview |

Browse more funds in the [directory](/directory).

### Sources

Primary links live on each deep-dive. Roundup anchors:

1. https://techcrunch.com/2026/08/12/form-energy-raises-750m-to-build-more-100-hour-batteries-for-the-grid/
2. https://techcrunch.com/2026/08/12/lovable-confirms-new-13-3b-valuation-raises-another-400m/
3. https://techcrunch.com/2026/08/12/openai-backed-thrive-holdings-raises-2b-to-bring-ai-to-the-enterprise/
4. https://www.coderabbit.ai/blog/introducing-agentic-change-management
5. https://www.blacksmith.sh/blog/announcing-blacksmiths-series-b-led-by-peak-xv-partners
6. https://www.prnewswire.com/news-releases/skan-ai-raises-63-million-to-give-enterprise-ai-the-context-its-missing-how-work-actually-gets-done-302849114.html