a16z Speedrun, Ada Ventures, and Snowball VC have invested in Cascade's $3.5 million seed round.

Maritime nuclear energy startup Bluecore Energy has raised $10 million in a pre-seed funding round led by Slauson & Co.

AI infrastructure company Infinity announced Monday a $15 million raise at a $100 million valuation from investors including Touring Capital, Principal VC, and researchers from companies such as OpenAI and Anthropic.  

Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion. 

The FT reports Kimi K3 will be the largest open AI model from China, with a parameter count between 2 trillion and 3 trillion. 

DeepSeek, the Chinese large language model developer, is said to be preparing for a 2027 IPO debut as it also looks to raise around $1.5 billion in new funds at a $71 billion valuation.

Phia, the shopping startup founded by Bill Gates’ daughter, Phoebe, and her friend Sophia Kianni is under fire for a practice known as “cookie stuffing,” which helped the product receive commissions and credit for sales it did not actually generate, per a Bloomberg investigation. 

A new $20 billion valuation would be a giant step up from the $10 billion valuation it reached in October.

For Paradigm, the technical frontier will stretch beyond its cryptocurrency investment roots. This fund is expected to expand its investment focus to include robotics and AI.

Vermilion Cliffs Ventures announced Wednesday the close of a $25 million Fund II.