Semiconductors
Acrab Raises $130M to Commercialize Agentic AI Compute
AI agents can reason in the cloud. Acrab is betting that the next commercial opportunity lies in helping them remember, coordinate and act directly on local devices. Singapore-based Acrab has raised a $130 million Series B, with continued backing from Vertex Ventures Southeast Asia & India and Vertex Growth. The company said other institutional investors […]
OLIX Secures $312M at a $3.3B Valuation
AI data centers produce tokens through hundreds of computing operations, yet most systems still ask the same general-purpose processor to handle every stage. London-based OLIX has raised a $312 million Series B at a $3.3 billion valuation, two years after the company was founded. The financing included Fundomo, Arm and Hudson River Trading, alongside angel […]
Etched Raises $300M at a $10.3B Valuation to Build Frontier AI Inference Clusters
AI chip company Etched has raised $300 million at a $10.3 billion valuation, led by Sequoia Capital, to build inference clusters designed specifically for the world’s most demanding AI models. Andreessen Horowitz, Jane Street, Diffusion, Argo, and memory maker SK Hynix also joined the round, announced on 23 July 2026. The San Jose company frames […]