The Next Web (2 hours ago)
Traversal, a New York startup whose AI agents find out why company software breaks, has raised $120 million in a Series B round. The deal values it at $1 billion, the company announced on Tuesday. Kleiner Perkins, Redpoint Ventures and Khosla Ventures co-led the round.
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More than half of all seed- through growth-stage venture capital raised in the U.S. so far in 2026 went to seven companies founded or led by men who are already billionaires. Together, these companies raised more than $260 billion in equity funding in the first 10 months of the year.
Cambridge-based biotech company bit.bio has raised $25M in a Series D round, ten months after securing its previous investment.
Canva is restructuring in a way that affects 1,271 people, or 22% of the company. Some staff will lose their jobs, others will change roles and some will be asked to relocate. Co-founder and chief executive Melanie Perkins announced the changes in a note to staff on Wednesday, which Canva published.
European deep tech companies in the European Innovation Council’s (EIC) Scaling Club have raised €4.06bn since joining the programme, according to a new report published by the initiative. The Club, funded by the EIC, supports 120 scale-ups from 26 countries.
6G’s future depends on the spectrum, standards and investment choices we make today.
Emirates SkyCargo has a new product for companies building out artificial intelligence. AI Tech is designed to move critical and sensitive AI infrastructure safely and on time, the cargo arm of Emirates said in a press release.
Bitcoin briefly fell to its lowest level in six weeks on Wednesday after Democrats won control of both the US Senate and House of Representatives in the midterm elections. The result could complicate the crypto industry’s push for faster deregulation, Reuters reported.
Binance says the hackers behind its $6.3bn theft spent five months gaining access to employees’ computers before using an internal AI tool to take control of the exchange’s wallets.
South Korean consumer group plans to accuse Tesla of misleading tens of thousands of buyers over its Full Self-Driving (FSD) software. The group says most of Tesla’s cars in the country cannot legally use it, according to Reuters, which has seen the complaint.
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