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The Robot Report

228

Applied Intuition raises $600M for autonomous driving tech

Applied Intuition raised $600 million in a Series F funding round, valuing the company at $15 billion, to fuel growth in vehicle intelligence, product expansion, and team growth.
The funding will support the development, deployment, and updating of autonomous vehicle software, hardware, and AI applications through Applied Intuition's Vehicle OS.
Co-founder and CEO Qasar Younis emphasized scaling investments in bringing intelligence into various machines, including cars, trucks, drones, and factories, connecting AI with the physical world.
BlackRock and Kleiner Perkins co-led the funding round, with participation from new investors like Franklin Templeton, Qatar Investment Authority, and existing investors including Fidelity and General Catalyst.
Applied Intuition plans to accelerate the rollout of intelligent, software-defined systems across multiple sectors like defense, automotive, trucking, construction, mining, and agriculture.
The company has achieved significant milestones such as AI innovations, product launches, partnerships with industry leaders, acquisition of EpiSci, and expansion into the United Kingdom.
Kleiner Perkins expressed confidence in Applied Intuition's vision and team, recognizing the company as a generational player in the fields of vehicle intelligence and autonomy.
Founded in 2017, Applied Intuition provides Vehicle OS and autonomy stacks to help customers in different industries develop intelligent vehicles, with global offices across various locations.
The company continues to focus on AI innovations and strategic partnerships, reaffirming its commitment to advancing vehicle intelligence and autonomy.
Applied Intuition's recent achievements include releasing its off-road autonomy stack, acquiring EpiSci, and introducing defense products Axion and Acuity.
The funding round follows Applied Intuition's Series E from March 2024 and marks the company's progress in enabling intelligent systems at scale.
The company emphasizes the importance of AI in transforming machines, aiming to power various moving machines with AI technology.
Investors like BlackRock and Kleiner Perkins are supporting Applied Intuition's mission of advancing intelligent, software-defined systems across different domains.
Applied Intuition's mission is to connect AI with physical entities to revolutionize various industries with intelligent, software-defined solutions.
Applied Intuition's toolchain and autonomy solutions cater to industries like automotive, defense, trucking, construction, mining, and agriculture, shortening the time to market for intelligent vehicles.
The company's growth plans include deeper product expansion, increased investments in vehicle intelligence, and expanding its global team in the autonomous driving tech sector.

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TechCrunch

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Nvidia wants in on the nuclear renaissance, invests in Bill-Gates backed TerraPower

TerraPower, a nuclear startup funded by Bill Gates, secured a $650 million investment round to construct its inaugural commercial power plant.
Nvidia's venture arm, NVentures, joined the funding, marking its first energy investment, alongside existing investors such as Bill Gates and HD Hyundai.
TerraPower began building its first power plant in Wyoming in June 2024, awaiting permits expected next year, facilitated by the favorable nuclear stance of the Trump administration.
The plant will feature Natrium reactors cooled by molten sodium, enabling more stable operation with excess heat stored for increased demand periods.
The reactors generate 345 megawatts of electricity, bridging the gap between current large reactors and future modular designs, facilitating steady-state operation.
TerraPower's storage system can provide 500 megawatts of electricity for over five hours, aiding in balancing solar and wind power generation.
Initially pursuing a different reactor design, TerraPower shifted to the Natrium design due to uncertainties and expects completion within three years after concrete pouring.
Although the first Natrium reactor might be cost-effective compared to recent U.S. counterparts, the project could amount to $4 billion, with potential Department of Energy funding covering half of the expenses.

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TechCrunch

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Could OpenAI fill Microsoft’s shoes?

OpenAI's $200 million deal with the U.S. Department of Defense raises questions about its relationship with Microsoft.
Reports suggest growing tensions between OpenAI and Microsoft as they compete for enterprise deals.
TechCrunch's Equity podcast discusses the OpenAI/DoD deal and the tech industry's ties with the military.
Industry leaders are concerned about an AI 'arms race' in Silicon Valley.
TechCrunch's Equity podcast also covers Vice President JD Vance joining Bluesky and Wix acquiring a 'vibe coding' startup for $80 million.
The podcast features a panel on technical talent in the age of AI.
Equity, TechCrunch's flagship podcast, airs every Wednesday and Friday.
Listeners can subscribe on platforms like Apple Podcasts, Overcast, and Spotify, and follow Equity on social media.

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Medium

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AI-Driven Growth for Startups

David Hirschfeld, founder of Tekyz, discusses leveraging AI for idea validation, niche identification, lead generation, workflow automation, and contract management to help startups overcome scaling challenges.
He emphasizes the importance of validating business ideas using AI research and focusing on specific niches with high perceived impact and cost associated with the problem being addressed.
David advocates for creating 'playbook strategies' to capture tribal knowledge, automate workflows, and guide early business decisions using AI-powered tools like Notebook LM.
The significance of automation in addressing bottlenecks, particularly in areas like accounting, is highlighted, along with the transformative potential of AI in scaling businesses effectively.
The conversation also touches upon using AI for contract management, generating core values, analyzing websites, and content creation.
Triangulating responses from multiple AI tools is advised, especially for critical decisions, to overcome the varying responses from different platforms.
AI's role in creating detailed playbooks, automating workflows, and streamlining processes to facilitate scaling and growth is a key focus of the discussion.
David shares insights on using AI to vet business ideas, generate leads, handle legal matters, and enhance operational efficiency, emphasizing the need for adaptability in evolving technological landscapes.
The discussion outlines practical applications of AI in business scaling and highlights the benefits of leveraging AI tools strategically to drive sustainable growth.
Listeners are encouraged to explore AI tools tailored to their specific business needs and leverage AI's transformative potential to navigate scaling challenges effectively.
David's expertise in AI-driven scaling strategies and Tekyz's upcoming AI applications demonstrate the innovative use of AI in various business aspects for enhanced efficiency and growth.

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Medium

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Why Most Startups Waste Their First 6 Months (And How to Stop It)

Many startups waste their first 6 months due to lacking real market demand and validation for their ideas.
Startup success stories often omit the struggles of founders who spend months building products without market interest.
The conventional method of building first and testing later is being replaced by testing first, then building.
Founders often invest time and money into unvalidated ideas, leading to wasted resources and potential burnout.
Startup validation should focus on reality over assumptions to avoid unnecessary failures.
Tools like AAK integrate data to help founders determine if an idea is worth pursuing before development begins.
Founders need access to better information rather than just inspiration to succeed in the startup world.
It is crucial for founders to validate their ideas with data before committing to building to increase their chances of success.

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Pymnts

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Multiplier Holdings Publicly Launches Business Building AI-Native Professional Services Firms

Multiplier Holdings publicly launched, raising $27.5 million to acquire professional services firms and enhance them with AI automation.
The company aims to transform tax, accounting, and advisory services with integrated technology and client service.
The global professional services market faces challenges like labor shortages and legacy technologies.
Multiplier Holdings plans to improve scalability and customer service through its AI-driven practice management platform.
The company worked with Citrine International Tax, doubling cash flows and streamlining processes.
Lightspeed Venture Partners led Multiplier Holdings' Series A round.
The company's approach of AI-native platforms may be more effective than traditional SaaS for industry modernization.
Embracing automation and AI in accounting could address ongoing labor shortages and attract new talent.
Innovation solutions are seen as key to meeting the demand for accounting services.
Multiplier Holdings seeks to create hybrid technology firms with top-notch client service and automation.
The company collaborates with domain experts to drive growth and efficiency in professional services firms.
CEO Noah Pepper emphasizes technology-enabled client service as a competitive advantage.
Multiplier Holdings aligns incentives across stakeholders for hybrid technology firms.
The company's goal is to outperform traditional firms using off-the-shelf AI solutions.
Multiplier Holdings helps companies improve productivity through custom technology platforms.
The company works with professional services firms as a long-term owner to enhance scalability and customer experience.

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Massivelyop

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Star Citizen updates to alpha 4.2 with new sandbox activity, new vehicles, and ship rebalancing

Star Citizen's latest update, alpha 4.2 named Storm Breaker, introduces a new persistent raiding activity at shifty research labs on Pyro IV and Pyro I with PvE challenges.
The update also unveils the Esperia Prowler cargo ship, three new variants of power suits, new weapons, and item additions.
Significant changes include rain storms, radiation exposure hazard, weapon balance tweaks, vehicle adjustments, and improvements like shield regen distribution and torpedo tracking.
Star Citizen, a highly crowdfunded game, remains in an incomplete alpha state despite raising over $800 million and facing delays in its planned launch.
The game has a loyal following but also skeptics, with the spin-off single-player game Squadron 42 facing repeated delays.
The full details of the update are available in the official patch notes from the Star Citizen website.

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TechJuice

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NHA held open Toll Plaza auctions of these cities

The National Highway Authority (NHA) in Pakistan conducted its first-ever public auction of toll plazas for transparency and business opportunities.
68 toll plazas were auctioned off with the Federal Minister for Communications Abdul Aleem Khan facilitating the process.
The auction took place at the Jinnah Convention Centre in Islamabad with media representatives invited for transparency.
Toll plazas were auctioned across various regions including major routes like Jamshoro, Bahawalpur, and Nowshera.
Minister Abdul Aleem Khan highlighted the auction's role in enhancing transparency and increasing NHA's revenue.
Bidders commended the NHA for the fair and transparent process, anticipating long-term benefits for investor confidence.
Advertisements for the auction were widely published to attract potential bidders and ensure a competitive environment.
The auction is expected to strengthen NHA's financial standing and lead to fair market value for toll collection contracts.

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TechCrunch

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Startup hiring isn’t just about the pitch, it’s about the package — Pulley, 645 Ventures, and Epigram Legal break it down at TechCrunch Disrupt 2025

Startups rely on early hires and must offer more than perks to attract top talent according to a panel at TechCrunch Disrupt 2025.
The panel discusses compensation and equity strategies for scaling companies at the event happening in San Francisco on October 27-29.
Key panelists include Randi Jakubowitz from 645 Ventures, Rebecca Lee Whiting from Epigram Legal, and Yin Wu from Pulley.
Randi Jakubowitz's experience in HR includes guiding companies like Seamless through mergers and IPOs.
Rebecca Lee Whiting, a legal expert, advises startups on equity structuring and retention strategies.
Yin Wu, founder of Pulley, specializes in equity management and has a successful startup track record.
The session will address crucial founder questions about early employee offers, competition with Big Tech, and equity structuring.
The TechCrunch Disrupt event offers insights into scaling strategies and meaningful connections with industry leaders.
Register for the event to save up to $675 and gain valuable knowledge on scaling your startup.

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TechCrunch

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3 more days to fuel your next big move — and save up to $210 on your TechCrunch All Stage pass

The deadline to save on passes to TechCrunch All Stage event in Boston is approaching, with prices set to increase after June 22, 11:59 p.m. PT.
The event is designed for founders, VCs, and operators seeking growth opportunities with tactical insights, candid conversations, and networking.
Registrations are open to save $210 on Founder passes and $200 on Investor passes.
TechCrunch All Stage focuses on actionable sessions, roundtable discussions, pitch competitions, and side events for deeper connections.
Featured speakers include individuals from Precursor Ventures, Sapphire Ventures, and NEA, addressing crucial topics like funding strategy and AI.
Last chance to secure discounted tickets before prices increase; the conference is set for July 15 in Boston.

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Economic Times

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ETtech Deals Digest: Startups raise $159 million this week, down 7% on-year

Startups raised $159.2 million during June 14 to 20, marking a 7.2% decrease from the previous year.
Deal activity was subdued with only 14 transactions recorded this week compared to 36 deals last year.
Top deals included Aspora raising $53 million in Series B funding, Pop securing $30 million in funding, and Mahaveer Finance raising around $23.1 million.
Aspora's funding was co-led by Sequoia and Greylock, with Quantum Light Ventures also participating.
Pop received funding from digital payments firm Razorpay.
Mahaveer Finance's funding round was led by Elevation Capital, with participation from Banyan Tree Finance and First Bridge Capital.

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TechBullion

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Brad Palmer’s Connecticut: Driving Impactful Investments

Brad Palmer is a key figure in impact investing, leading Palm Ventures to success for over 30 years.
Palm Ventures focuses on transforming businesses to address global challenges in human and planetary health.
Brad Palmer's strategic vision and hands-on approach have established Palm Ventures as an impact investing leader.
The firm boasts a remarkable track record with 65 acquisitions, 18 exits, and a 21x return on invested capital.
Palmer's unique approach emphasizes speed, independence, and strategic decision-making.
Palm Ventures backs portfolio companies with patient family capital, enabling them to pursue larger opportunities.
Brad Palmer's commitment to independent thinking distinguishes the firm and fosters disruptive business models.
Under Palmer's leadership, Palm Ventures has driven transformative results through acquisitions and venture creation.
The firm has made impactful acquisitions in areas like nursing education and STEM education for underrepresented groups.
Through Palm Venture Studios, Palmer invests in early-stage mission-driven companies, promoting innovation and sustainability.
Brad Palmer's hands-on partnership model ensures strategic solutions to challenges and zero business failures in the portfolio.
His patient capital and guidance have contributed to significant successes like the $153 million sale of AutoGuide.
Brad Palmer's impactful leadership merges financial returns with societal benefits, emphasizing purposeful innovation.
His work highlights Connecticut's position as a hub for innovative and impact-focused investment.

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Eu-Startups

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Spanish HealthTech startup Punto Health receives €100k grant for their dementia care app

Barcelona-based HealthTech startup Punto Health wins €100k grant and mentorship for their dementia care app.
The grant and mentorship were part of the NN Social Innovation Startup Award at The Next Web Conference.
Punto Health aims to use AI to transform crisis management into proactive family support for dementia care.
Their mission is to provide personalized care for those affected by cognitive disease.
The startup involves patients, carers, and clinicians in designing and testing their products.
This award recognizes early-stage social enterprises providing solutions for well-being challenges.
Founder Anna Muñoz Farré was inspired by her grandfather's dementia diagnosis to create Punto Health.
An estimated 78 million people will face dementia diagnosis by 2030.
Punto Health's products include PuntoCare, offering daily support to patients and families, and PuntoClinic, a cognitive assessment tool.
The app features an AI assistant, cognitive exercises, symptom diaries, and expert-curated information.
The startup aims to empower patients, families, and healthcare providers with personalized AI-driven support in Spain.
The award was created to support startups in sectors like mental health, healthcare access, and financial resilience.
Punto Health's work aligns with providing tech-driven solutions for well-being as the norm, not the exception.
The startup aims to transform dementia care by leveraging technology to streamline support and monitoring.

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TechBullion

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Typedef Raises $5.5 Million in Seed Funding to Innovate AI Data Infrastructure for Modern-Day Workloads

Typedef is a new AI startup focusing on data optimization for modern AI workloads.
The company's AI data infrastructure aims to help manage AI prototypes for scalable business value.
Typedef raised $5.5 million in seed funding from investors like Pear VC, Tokyo Black, and others.
Founders Yoni Michael and Kostas Pardalis bring extensive data infrastructure experience to Typedef.
The AI infrastructure market, valued at $200 billion, prompted the founders to start Typedef.
Most AI projects fail to move past the pilot phase due to factors like unstructured data and legacy platforms.
Generative AI, a key area of investment, faces challenges in transitioning from pilot to production phase.
Typedef's AI data infrastructure simplifies running large language models cost-effectively.
The company enables fast experimentation and streamlines AI workload deployment for data teams.
Typerdef released a significant portion of its technology on GitHub as Fenic, enhancing accessibility.

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SiliconCanals

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French AI-powered kids’ media company raises €73.8M to turn platform-native children’s IPs into global franchises

Paris-based Animaj, a kids' media company, raises €73.8M in funding led by HarbourView Equity Partners and Bpifrance Large Venture.
The funding will be used to scale its digital-first ecosystem and turn original IP into global franchises, focusing on platforms like YouTube, Roblox, TikTok, Spotify, and FAST channels.
Animaj plans to enhance its AI model for more interactive and personalized content and accelerate strategic IP acquisitions, starting with the purchase of the brand Pocoyo.
Co-founded in 2022 by Sixte de Vauplane and Grégory Dray, Animaj aims to bring high-quality brands to children globally through a platform-native approach.
The company believes that the next generation of kids' franchises will emerge on platforms like YouTube, TikTok, and Spotify, requiring content that resonates with young audiences.
Animaj has developed a GenAI animation pipeline to reduce production time and costs while maintaining creative quality for efficient content creation.
Since its inception, Animaj has grown rapidly, ranking as the 5th largest digital kids' player worldwide on YouTube with over 22 billion annual views and 240 million unique viewers per month.
The company's flagship property, Pocoyo, is available on 100+ platforms including Netflix, Disney+, Prime Video, Spotify, and FAST channels.
Animaj aims to be a data-driven, AI-powered, digital-first, and multi-platform media company focused on reaching kids where they are most active online.

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