Category: Ai updates
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ThreatLocker Announces $190M in Series F Funding to Drive Product Innovation and Global Expansion
Insider Brief ThreatLocker, a global leader in Zero Trust cybersecurity, secured $190 million in Series F funding led by Elephant, with continued support from D. E. Shaw Ventures and Arthur Ventures, and a new investment from Koch Disruptive Technologies. The capital will support development of AI-related security controls, further improvements to its Zero Trust Platform,…
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groundcover Closes $100M Series C to Create the Observability Platform Built for the AI Era
Insider Brief groundcover, a bring-your-own-cloud (BYOC), eBPF and OpenTelemetry-native observability platform, announced a $100 million Series C led by One Peak, with participation from Morgan Stanley Expansion Capital and existing investors Zeev Ventures, Angular Ventures, Heavybit and Jibe, bringing total funding to $160 million. The round follows a year in which groundcover tripled annual recurring…
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Freehand Secures $75M to Scale AI Teams Managing Supply Chain Spend for Fortune 500 Companies
Insider Brief Freehand, whose AI agents manage supply-chain spend for Fortune 500 enterprises, announced $75 million in funding co-led by Battery Ventures and NewRoad Capital Partners, with participation from Penny Pritzker’s PSP Growth, Nexus Venture Partners and others. The round follows Freehand’s emergence from stealth with deployments at Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin’…
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Shopify Reports AI Search Driving Revenue Growth and Merchant Traffic in Q2
Shopify reported strong second-quarter earnings, crediting growth in AI-driven search as a key contributor to its results. President Harley Finkelstein told analysts on the company’s earnings call that AI has become a complement to traditional search rather than a replacement, particularly benefiting smaller merchants who make up the bulk of Shopify’s customer base. The company…
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Google shakes up its AI brain trust
Read Online | Sign Up | Advertise Good morning, {{ first_name | AI enthusiasts }}, and welcome to the 5,793 new readers who joined us yesterday. Google just shook up the team behind its AI efforts, with Google DeepMind CEO Demis Hassabis moving to the role of chairman and veteran Jeff Dean leaving to start…
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AI Trends in 2026: What Is Artificial General Intelligence (AGI)?
Few phrases get thrown around 2026’s AI discourse as loosely as “artificial general intelligence.” Executives use it to describe an impressive new model launch. Journalists use it as shorthand for whatever comes after ChatGPT. Researchers, by contrast, treat it as a precise and still unmet threshold, one that separates the specialized systems already reshaping business…
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Avatar Robotics Raises $6.5M in Seed Funding to Develop Industrial Humanoid Robots
Insider Brief Avatar Robotics raised $6.5 million in seed funding to expand humanoid robot deployments in warehouses and factories and advance software that reduces reliance on remote operators. AlleyCorp led the round, while Defy.vc led an earlier pre-seed financing and Headline, Henry Ford III, Refashiond and other investors also participated. The company said its robots…
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Nvidia-Led Industry Group Launches AI Security Working Group at Black Hat Conference
The Open Secure AI Alliance (OSAA), an industry coalition spearheaded by Nvidia that has grown to more than 120 companies in its first week, has formed a new working group called the Shared AI Findings Exchange (SAFE) to develop AI security guidelines. The group presented initial proposals for open comment this week, with the Linux…
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SpaceX Ramps Up Tesla Megapack Purchases to Support AI Data Center Operations
SpaceX spent $295 million on Tesla Megapack battery storage units in the second quarter, bringing its total spending on the devices to $329 million so far this year, according to the company’s latest earnings report. The purchases highlight the deepening ties between Elon Musk’s companies, as Musk serves as CEO and largest shareholder of SpaceX…
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Spotify Expands AI Music Initiative With Merlin Licensing Deal, Teases Consent-Based Covers Tool
Spotify used its second-quarter earnings call on Tuesday to provide further detail on an upcoming AI-powered product that will let fans create covers and remixes of artists’ music with their consent. The company announced that Merlin, a licensing partner representing independent labels and distributors, has joined Universal Music Group in supporting the initiative, bringing more…
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