OpenAI said on August 28, 2026 that it will wind down the contract that supplies its models to Cursor after the SpaceX close. Proposed shutoff: November 12, 2026. The $60 billion acquisition price remains press. Cursor’s CEO said OpenAI is about 5% of user traffic.
Owner announced a $240 million Series D on August 28, 2026, at $2.3 billion, led by Goldman Sachs Alternatives. The company says it has surpassed $100 million ARR. Meritech, Redpoint, Headline, and Jack Altman participated. No Goldman or Meritech fund pages here.
SBI Holdings took ~20% of Indonesia’s Ajaib for a reported $270M — equity-method affiliate status — extending the same Japan→EM digital-asset strategy that printed Fasset’s $1B Series C.
Gap-fill investment explainers: Instinct $250M @ $2.5B, Alice $140M, Metriport $26M, RQD* $74M, Trajectory $40M @ $300M, and Smack $61M — who uses the products and why these syndicates fit.
Aug 26–28, 2026: CivilGrid $26M Series A (Spark lead, no valuation), Deep Cogito $43M Series A (TQ lead, Benchmark in, not Cogito Corp), Atorie $9.5M seed (a16z Speedrun). YC Fall 2026 on-time decisions are due August 28; the apply page now dates the batch September–December.
HubX (hubx.co) announced its first external raise: up to $75M from Point72 Private Investments at a $1.2B pre-money valuation ($50M now + $25M option). Turkish app studio with 40+ products and 600M+ users (company). Not hubx.com B2B marketplace.
