GRIDCARE RAISES $64M SERIES A FOR GRID AI
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Gridcare, an AI platform that identifies unused capacity in electric grids, closed a $64 million Series A funding round. The raise follows the startup's $13.5 million seed round in 2025.
■ MORE FROM THE STARTUPS DESK
Chinese AI startup DeepSeek is in preliminary talks with investors for fresh capital at a ~$71B valuation, just months after closing a $7B funding round at ~$52B. The rapid fundraising reflects the company's accelerated growth trajectory.
Video-generation startup PixVerse secured $439 million in funding, pushing its valuation past $2 billion. The company plans to expand its world model capabilities and accelerate geographic expansion.
Chinese AI company DeepSeek is exploring additional funding rounds mere weeks after closing a $7 billion financing deal, according to the Financial Times.
Cloud provider Nebius Group has agreed to sell over $1 billion in computing power to Reflection AI, a startup founded by two former Google DeepMind researchers focused on developing artificial intelligence models.