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Xona, a California startup building a satellite navigation network in low Earth orbit, has raised $250 million at a $2.45 billion valuation. Steve Jurvetson’s Future Ventures led the Series D, Xona said on Thursday.
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SPONSORED FEATURE: AI makes phishing easier than ever
Helion now has another $225 million to help speed development of its first fusion power plant, due to provide Microsoft with electricity in 2028.
Nirva will ship its $249 ambient AI pendant by the end of the year.
DeepSeek has reportedly raised $15 billion in one of China’s largest funding rounds, just days after the US ordered federal agencies to remove its technology over national security concerns.
Slingshot Insurance, a Minneapolis-based AI-native embedded insurance startup, is emerging from stealth with $27 million in a seed funding round co-led by Rally Ventures and Skyward Group, it tells Crunchbase News exclusively.
Spotify ended the third quarter with 306 million paying subscribers, up 9% from a year earlier, according to its third-quarter update, published on Thursday. Monthly active users rose 11% to 788 million. Revenue grew 16% to €4.97 billion, or 14% at constant exchange rates.
Meta has signed up to about $825bn in future leases and contracts, most of them for the data centres and computing power behind its AI push. The figures are in its quarterly filing with US regulators, dated October 22, 2026. Bloomberg reported the total by adding together three items in the filing.
1Password has launched 1Password for Agents, a platform that lets personal AI agents sign in to accounts on a person’s behalf without ever seeing the password. Agents from Meta, OpenAI, Anthropic and SpaceXSI are among the first to plug in, the Toronto-based company said on Thursday.
Microsoft says a China-aligned hacking group used AI agents to breach ConnectWise’s Cloud Backup service, opening a route into customers’ Microsoft 365 accounts. Microsoft Threat Intelligence published its findings on Storm-0940 on October 21.
Google will fund a 1 gigawatt virtual power plant run by Voltus on the PJM grid, to supply capacity for its operations there. The deal adds 1,070 megawatts to the 100 megawatts the two agreed in June, the companies said on Thursday.
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