COREWEAVE CALLS Q1 EARNINGS 'TRANSFORMATIONAL'
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
CoreWeave CEO Michael Intrator highlighted strong first-quarter performance, citing robust demand from AI and cloud customers. The company is expanding beyond traditional sectors into trading, finance, and robotics.
■ MORE FROM THE STARTUPS DESK
InstaLILY, an enterprise automation startup, has raised $60 million in Series B funding led by Energize Capital, bringing its total funding to nearly $100 million.
Adapter, an infrastructure platform enabling AI agents and applications to leverage and control data, has emerged from stealth with $17.8 million in funding led by GV.
Chinese AI developer DeepSeek is raising approximately $1.5 billion at a $71 billion valuation and planning to go public in 2027, according to reports.
State Affairs, backed by Founders Fund, launched a Bloomberg Terminal-like product that uses AI trained on reporting from its 76 staffers to deliver policy and political intelligence.