4 stories from 3 sources
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A curated list of other prominent stories from this day.
Berlin-based Pliant raised $80 million in a Series C round to expand its B2B payments infrastructure for AI agents and automated workflows. The company plans to use the capital for expansion in the United States and Canada and further product development.
11:57 AMPYMNTS
Yosemite has closed its second cancer-focused fund at $350 million, up from the $200 million first close announced in January. Reed Jobs disclosed the final fund size exclusively to Fortune.
6:53 AMFortune
Anthropic has relied on convertible notes and a complex financing arrangement with Broadcom to fund its rapid expansion of AI infrastructure. Analysts question whether the company can keep raising money at affordable rates as its capital needs grow.
6:22 AMFortune
NBCUniversal and Hornbill Capital co-led an $80 million Series C investment in EloElo Group, the Bengaluru-based company behind Indian microdrama platform Story TV. MIT Investment Co. and existing investors, including Play Ventures, Kalaari Capital, Waterbridge Ventures and Griffin Gaming Partners, also participated, bringing EloElo's total funding to a higher level.
12:00 AMVarietySummary
Berlin-based Pliant raised $80 million in a Series C round to expand its B2B payments infrastructure for AI agents and automated workflows. The company plans to use the capital for expansion in the United States and Canada and further product development.
The funding shifts Pliant from building payment infrastructure for businesses toward enabling software agents to
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
AI agents will need trusted payment rails, and companies that control those rails could become core infrastructure for automated business operations.
Summary
Yosemite has closed its second cancer-focused fund at $350 million, up from the $200 million first close announced in January. Reed Jobs disclosed the final fund size exclusively to Fortune.
Yosemite nearly doubled its initial raise, giving the firm substantially more capital to invest in
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A larger dedicated oncology fund expands the pool of private capital available for high-risk cancer treatments and technologies.
Summary
Anthropic has relied on convertible notes and a complex financing arrangement with Broadcom to fund its rapid expansion of AI infrastructure. Analysts question whether the company can keep raising money at affordable rates as its capital needs grow.
Anthropic’s strategy depends on financing capacity as much as on model performance. If borrowing costs
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The AI race is exposing a funding risk: frontier-model companies may need sustained capital long before they generate durable profits.
Summary
NBCUniversal and Hornbill Capital co-led an $80 million Series C investment in EloElo Group, the Bengaluru-based company behind Indian microdrama platform Story TV. MIT Investment Co. and existing investors, including Play Ventures, Kalaari Capital, Waterbridge Ventures and Griffin Gaming Partners, also participated, bringing EloElo's total funding to a higher level.
The round gives EloElo both fresh growth capital and a strategic endorsement from NBCUniversal as
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A major global media company is placing a direct bet on India's emerging microdrama market.
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