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Electric truck startup Harbinger secures $240M in Series D funding to advance battery storage and defense applications. The round includes repeat investors like FedEx, Tiger Global, and Ridgeline, while FedEx’s senior vice president joins Harbinger’s board. The company, founded in 2022, has expanded into autonomy, emergency vehicles, and military platforms after acquiring Phantom AI and securing a $300M order for 2,000 trucks from FedEx.
Nov 2026TechCrunchNews article
Ocient Inc. secures $100 million in Series C funding to expand its agentic AI-driven analytics platform, targeting national security and telecom clients analyzing petabyte-scale datasets without sampling. The company projects revenue will triple in its current fiscal year, fueled by demand for its OcientAIQ Solutions, which integrate AI agents and human analysts. Ocient’s platform minimizes data movement and storage overhead, differentiating it from competitors like Snowflake and Databricks. The funding will support hiring, engineering, and geographic expansion, with a focus on on-premises deployments for cost and data sovereignty control.
Nov 2026SiliconANGLENews article
Recursive’s **Flint** AI model, developed using **recursive self-improvement (RSI)**, outperforms comparable models in coding tasks. The company’s **Eureka Machine** automates model training, architecture design, and silicon optimization, enabling a small team to build a 40-billion-parameter model in months. Flint excels in precision, handling tasks like web-scraping tools and educational websites without errors. Experts debate RSI risks, including potential loss of human control, while Recursive insists its system remains supervised. The company has raised **$650 million** at a **$4.65 billion valuation**, backed by Google Ventures, Nvidia, and AMD. Research from Microsoft and Carnegie Mellon suggests RSI systems are already feasible, though scalability remains limited.
Oct 2026WiredNews article
Ami Colé founder Diarrha N’Diaye-Mbaye announces that the VC-backed beauty brand will close in September. Launched in 2021, the makeup company serves customers with darker skin tones, sells through Sephora, and raises more than $3 million in venture capital. N’Diaye-Mbaye says continuing in the current market is unsustainable, citing pressure for rapid growth, competition from larger brands, and unpredictable sales.
Jul 2025TechCrunchNews article