Light Raises $46M Series A to Make Electricity an Embedded Service
Matrix led Light’s $46M Series A as the company reported 10x run-rate revenue growth and distribution reaching more than 500,000 homeowners.
Venture Capital News & Analysis
Funding news, venture capital analysis, investor profiles, and market intelligence.
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upGrad Acquires Unacademy for Just Over $200M After a 94% Valuation Fall
upGrad completed an all-stock acquisition of Unacademy at just over $200M, far below the Indian edtech company’s roughly $3.4B peak valuation in 2021.
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Wafer Raises $40M Series A to Automate AI-Inference Optimization
Marathon and Chemistry co-led Wafer’s $40M Series A, with AMD Ventures joining a bet that model-specific optimization becomes an independent infrastructure layer.
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Félix Raises $87M Equity and Secures a $113M Credit Facility
Andreessen Horowitz led $87M of equity for WhatsApp-based remittance platform Félix, while General Catalyst supplied a separate $113M lending facility.
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VAST Raises ~$446M Across Series B and B+ for 3D World Models
VAST closed roughly $446M (~¥3B) across Series B and B+ financings on September 1, bringing six-month funding to about $744M as its Tripo platform pushes into gaming, design, and simulation workflows.
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Sep 1–2 VC News: Agent Security, Embedded Power, Remittances & 3D Models
Tripo ~RMB 3B, Félix $200M (equity+debt), AIR $50M, Light $46M, SciFin $44M, Empirik $21M, Aslan $20.8M — control layers over generic AI apps.