YANG PIVOTS TO STARTUPS TO CUT COST OF LIVING
■ AI-SUMMARIZED FROM 2 SOURCES ▸ TIMELINE
Andrew Yang is launching ventures to lower consumer costs on housing, food, and wireless services rather than waiting for government policy. The move reflects his belief that automation and wealth concentration require immediate market-based solutions.
■ MORE FROM THE STARTUPS DESK
Modal Labs and Baseten, two platforms enabling businesses to run AI models, are in advanced funding talks that would significantly boost their valuations. The rounds reflect growing investor appetite for AI infrastructure services.
Ema, an AI agent platform automating corporate processes in HR, IT, and finance, secured $77 million in Series B funding led by Creaegis. The round brings the startup's total funding to $140 million.
Enveda Therapeutics raised $311 million in funding, bringing the AI biotech company's valuation to $2 billion. The capital will accelerate clinical trials for drugs derived from natural compounds.
Portuguese surveillance drone maker Tekever secured $580 million in funding led by UC Investments, reaching a $6.4 billion valuation. The raise follows a major £400 million, 10-year contract with UK Ministry of Defence.