Netris provides software that runs on network switches, and offers a platform that helps neocloud operators reduce the time it takes to go live.

After 18 years of focusing on Europe, early-stage investor Seedcamp said that it has raised $320 million for its latest fund, which will see it expanding its presence in the United States.

Unlike many of his tech industry peers who have cut thousands of jobs citing the need to restructure to make the most of AI, Robinhood's CEO Vlad Tenev conspicuously made no mention of AI in his note about layoffs.

The funding round would value the company at around €20 billion (about $23.15 billion), nearly double its Series C valuation of €11.7 billion.

The funding round was led by Norwest, with participation from S Capital VC, Cerca Partners, and Oceans Ventures. Snowflake Ventures also participated as a strategic investor.

Ramp has nearly tripled its valuation over the past year as investors scramble to grab a part of the fast-growing startup.

The company is reducing its workforce as it exits 22 countries, reduces management layers, and invests in its infrastructure to scale its platform.

Microsoft on Tuesday took the wraps off Adaptive Spec-driven Scoring for Evaluation and Regression Testing, an open source framework for spinning up AI evaluations.

The specification lets developer, compliance, and security teams define their own policies for agents to follow in portable policy files.

Large exchanges are designing derivative products around AI tokens, which are increasingly being considered less a computational output and more a raw material input, like electricity or bandwidth.

In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver better AI products.

"Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, offered by these firms is void and will not be recognized on our books and records," the company's support page reads.

The project would be a "multi-phase, next-generation, vertically integrated semiconductor manufacturing and advanced computing fabrication facility," according to the proposal.

The Seattle-based startup's Series A round was led by Glilot Capital, NFX, and SignalFire, TechCrunch has exclusively learned.

The deals come as the DOD has doubled down on diversifying its exposure to AI vendors in the wake of its controversial dispute with Anthropic over usage terms of its AI models.

DeepSeek says both models are more efficient and performant than DeepSeek V3.2 due to architectural improvements, and have almost "closed the gap" with current leading models, both open and closed, on reasoning benchmarks.

Fintech giant Revolut, which secured a full banking license in the U.K. in March after years of waiting, was most recently valued at $75 billion in a secondary share sale.

According to CEO Helen Gu, the biggest problem facing the industry today is not just monitoring and diagnosing where AI models go wrong — it's also diagnosing how the entire tech stack operates now that AI is part of it.

Amazon on Tuesday agreed to buy satellite company Globalstar, known for powering Apple's "Emergency SOS" feature, for $11.57 billion in cash.