GIGATON LANDS $26M TO AUTOMATE HEAVY INDUSTRY
■ AI-SUMMARIZED FROM 3 SOURCES ▸ TIMELINE
London-based Gigaton has raised $26 million in Series A funding to deploy AI systems that automate control operations across cement, steel, glass, and chemicals plants.
■ MORE FROM THE STARTUPS DESK
Picogrid, an El Segundo-based startup building hardware and software integration layers for military systems, closed a $45M Series A led by Bessemer Venture Partners. The funding supports the company's push to unify disparate military technologies.
SpaceX plans to raise $75 billion in what would be the largest initial public offering on record, pricing shares at $135 each. The offering would value Elon Musk's company at nearly $1.77 trillion.
Three major AI and space companies are preparing public listings, with Anthropic filing confidential IPO paperwork and targeting a potential Wall Street debut as early as fall 2026.
Anthropic, maker of the Claude chatbot, has confidentially submitted a draft S-1 registration statement to the SEC for a proposed initial public offering. The move positions the $1 trillion-valued AI company ahead of competitor OpenAI in the race to go public.