San Francisco’s Flam raised $40M Series B led by QED Investors on September 14, 2026, citing 100+ enterprise customers including Google and a next-year path toward ~$100M ARR — interactive video, 3D, and visual agents rather than one-way gen-media.
Seattle’s Nuance Labs raised $50M Series A led by Lightspeed on September 14, 2026, with Accel, NVIDIA, South Park Commons, and Define Ventures — funding a full-duplex foundation model for human conversation before a public research preview.
The Globe and Mail said Cohere is in advanced talks for $2–3 billion at $20 billion, including Canadian and German government money. Not a company close. Axios already printed ~$20 billion in April with Aleph Alpha and a Schwarz Digits $600 million Series E lead. Mistral’s €3 billion / €21B+ is the close that actually printed.
Open Cosmos closed €300M (~$351M) Series C led by ETF Partners on September 14, 2026 — with LocalGlobe’s Phoenix Court in the syndicate — after five years of profitable growth, $370M+ contracts, and one-satellite-per-day manufacturing capacity (company).
Ex-CPPIB CEO Mark Machin’s Intrepid Growth Partners closed Fund I at $525 million — $25 million above a $500 million target. Toronto/London AI growth vehicle. Nine investments already. Temasek and Abu Dhabi Investment Council named.
Amsterdam’s Fortaegis raised a $50 million Series A led by Serendipity Capital, with Tokyo Electron’s venture arm in. Valuation was not disclosed. Commercial manufacturing is aimed at 2027. Quantum-safe and 200× speed claims are company/FT-attributed, not independent benchmarks.
