US INVESTORS BACK BRAZIL'S AI POLICING STARTUP PAX
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
A Brazilian artificial intelligence startup developing crime investigation tools has secured US backing to expand operations. Pax aims to scale its technology as Brazil grapples with rising violent crime.
■ MORE FROM THE STARTUPS DESK
Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, is raising at least $1 billion at a $40 billion+ pre-money valuation—down from the $50 billion+ it targeted last year.
Qualcomm has invested in smart ring maker Ultrahuman as the company builds a new device powered by Qualcomm chips. Ultrahuman targets $200 million in annual revenue by January 2027.
Munich-based Atira secured $15 million in Series A funding led by Accel to scale its AI platform for automating complex bid proposal parsing and generation. The startup previously raised $2.5 million in pre-seed funding.
Autonomous trucking startup PlusAI plans to merge with blank-check firm Texas Ventures Acquisition III Corp, valuing the company at $800M pre-money. The move comes as PlusAI operates self-driving freight routes in Texas with logistics company Ryder.