Formic Raises $50M in Equity and Debt for Factory Robots
Formic’s $50M package combines Series B equity and debt. A customer case explains its robot subscriptions—and the equipment and service costs behind them.
venture-capital
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Pathos AI Raises $237M Series E at About $3B Valuation
Bristol Myers Squibb led Pathos AI’s $237M Series E. How its drug pipeline, pharma partnership and separate Tempus data agreement fit together.
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Blacksmith Raises $66M Series C at $1B as AI Strains Testing
Sequoia led Blacksmith's $66M Series C. A Clerk case study, usage-based economics and competing CI investments explain the bet on testing AI-generated code.
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Mach9 Raises $34M to Turn Scans Into Engineering Plans
First Round and Bessemer co-led the Series A. Mach9’s opportunity is helping engineers turn scan data into reliable drawings with less manual work.
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Otter.ai Secures $320M in Repayable Growth Financing
General Catalyst’s Customer Value Fund is backing Otter’s enterprise expansion. The capital avoids new equity dilution, but comes with repayment costs.
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Arda Discloses $160M Series A for Factory AI
Bob McGrew’s manufacturing AI company has $232M across two rounds. We explain the funding split, its Anduril deployment and the commercial test ahead.
