PROBOOK RAISES $34M FOR AI HOME SERVICE OS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
New York-based Probook secured $34 million in Series A funding led by a16z to build an artificial intelligence operating system for home service businesses. The company previously raised $6 million in seed funding from Sequoia.
■ MORE FROM THE STARTUPS DESK
A-Star raised $450 million and is doubling down on its strategy of writing smaller checks to early-stage startups, according to co-founder and General Partner Bennett Siegel. The approach contrasts with larger competitors but the firm argues it delivers better returns.
xLight, a startup developing advanced lasers for extreme ultraviolet (EUV) lithography machines, is raising $350 million in a funding round led by Boardman Bay and Bain Capital.
Xiaohongshu, China's leading social commerce platform, is preparing for an initial public offering. The move signals renewed confidence in China's tech sector despite recent regulatory scrutiny.
Cerebras Systems shares dropped about 10% after the newly public chipmaker issued a 2026 sales forecast that fell short of investor expectations. The disappointing guidance suggests slower growth in the competitive AI data center chip market.