XAI OFFICIALLY REBRANDS TO SPACEXAI
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
xAI has officially rebranded to SpaceXAI following its merger with SpaceX five months ago. The company announced the change via its X account.
■ MORE FROM THE STARTUPS DESK
Miles Wang, an OpenAI researcher focused on AI-accelerated scientific discovery, is departing the company to start a new AI drug discovery venture. The startup is in talks to raise $200 million at a $2 billion valuation.
Hadrius, an NYC-based fintech startup, secured $22 million in Series A funding led by CRV with backing from Y Combinator. The company provides AI-native compliance software for financial services firms.
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.