Cloud and artificial intelligence security company Upwind has raised $450 million in a Series C round. The company plans to use the funding to expand its product and engineering teams.
10:58 AMPYMNTS6 stories from 4 sources
Investors back AI scale-ups and a higher fintech benchmark
Day’s Recap
Supporting Articles
Wealthsimple has raised C$425 million at a post-money valuation of C$13.8 billion, or about US$9.8 billion.
9:33 AMFinextra
Foundry Robotics raised $100 million in a Series A round to expand its Emeryville, California facility, accelerate the use of AI models in manufacturing, and deploy more robotics.
2:31 PMPYMNTS10:58 AMPYMNTS
Upwind Raises $450 Million for AI and Cloud Security
Summary
Cloud and artificial intelligence security company Upwind has raised $450 million in a Series C round. The company plans to use the funding to expand its product and engineering teams.
The round signals that investors see cloud and AI security as a large, fast-forming market
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
AI adoption is expanding the security market while increasing the stakes for companies that fail to control cloud-based systems.
9:33 AMFinextra
Wealthsimple hits C$13.8bn valuation
Summary
Wealthsimple has raised C$425 million at a post-money valuation of C$13.8 billion, or about US$9.8 billion.
The financing gives Wealthsimple a higher private-market benchmark and more capital to expand its financial
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The deal strengthens Wealthsimple's position among Canada's most valuable private financial technology companies.
2:31 PMPYMNTS
Foundry Raises $100 Million to Boost Manufacturing Footprint
Summary
Foundry Robotics raised $100 million in a Series A round to expand its Emeryville, California facility, accelerate the use of AI models in manufacturing, and deploy more robotics.
The funding shifts Foundry from building autonomous-factory technology toward scaling physical production and customer deployment.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The round reflects investor confidence that industrial AI is moving from prototypes into capital-intensive factory operations.
Other Developments
A curated list of other prominent stories from this day.
Marcelle Flowers was preparing to sell her Sacramento plumbing business when Broccoli AI approached her. She joined the startup as its first COO, which has since raised $52 million led by Khosla Ventures.
9:00 AMFortune
Financial AI startup Casap has raised $56 million to help banks and card companies detect first-party fraud. The funding comes as social media-driven schemes contribute to a rise in customers falsely disputing legitimate transactions.
8:00 AMFortuneLos Angeles-based Offe Market has raised $3 million to expand its off-price retail marketplace. Founded by Rachel Gannon, the company plans to invest in AI-powered inventory management and personalized shopping as it grows its roster beyond 200 brands.
12:01 AMWWD9:00 AMFortune
Meet the baby boomer whose life changed when 2 Gen Z AI founders walked into her plumbing business. She became their first COO
Summary
Marcelle Flowers was preparing to sell her Sacramento plumbing business when Broccoli AI approached her. She joined the startup as its first COO, which has since raised $52 million led by Khosla Ventures.
Broccoli AI turned a small-business operator's practical experience into an executive asset as it built
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
AI startups targeting traditional sectors may need domain operators, not just technical founders, to win adoption and scale.
8:00 AMFortune
Financial AI startup Casap raises $56 million to help banks stop an explosion of customer fraud
Summary
Financial AI startup Casap has raised $56 million to help banks and card companies detect first-party fraud. The funding comes as social media-driven schemes contribute to a rise in customers falsely disputing legitimate transactions.
The funding reflects a shift in fraud prevention toward identifying dishonest claims from legitimate account
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
First-party fraud is moving from a back-office problem to a major cost and risk category for financial institutions.
12:01 AMWWD
EXCLUSIVE: Offe Market Raises $3 Million to Shake Up Off-Price Retail
Summary
Los Angeles-based Offe Market has raised $3 million to expand its off-price retail marketplace. Founded by Rachel Gannon, the company plans to invest in AI-powered inventory management and personalized shopping as it grows its roster beyond 200 brands.
The funding gives Offe Market capital to scale both sides of its marketplace: inventory operations
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Offe Market is using AI and fresh capital to make excess inventory more efficiently discoverable and commercially valuable.
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