Weekly Tech Pulse
From Avalanche landing a $10M state grant to Cognition in talks to raise at a $10 billion valuation.
US & International Startup & Tech News
Avalanche lands $10M state grant to build fusion energy R&D site in Washington
Avalanche Energy secured a $10 million grant from the Washington State Department of Commerce Green Jobs program to establish FusionWERX, a commercial-scale fusion testing facility in Eastern Washington. This public–private R&D hub aims to support universities, companies and the broader fusion supply chain. The initiative strengthens Washington’s position as a fusion technology cluster while creating family-wage clean-energy jobs.
Source: GeekWire
SoftBank‑backed LegalOn fuels AI for in‑house legal team with $50M Series E
LegalOn, backed by SoftBank and HongShan and headquartered in San Francisco and Tokyo, raised $50 million in a Series E led by Goldman Sachs to accelerate development of AI agents for legal workflows. Its legal‑playbook‑driven contract review platform is used by thousands of organizations across the US, UK and Japan. The fresh capital will fuel expansion in the US/UK markets and further AI product innovation via a partnership with OpenAI.
Source: TechCrunch
AI coding startup Cognition is in talks to raise at a $10 billion valuation
Cognition, maker of the “Devin” generative coding assistant, is in negotiations to raise over $300 million in funding at a roughly $10 billion valuation. The potential deal would more than double its March 2025 valuation of $4 billion and involve investors such as Founders Fund and Khosla Ventures. Devin has gained traction in Silicon Valley and the funding round underscores strong investor interest in code‑generation AI platforms.
Source: Forbes
Nevoya raises $9.3M seed round as its EV truck fleet reaches cost parity with diesel
Nevoya raised $9.3 million in seed funding as its electric truck fleet achieves cost parity with diesel alternatives. The company aims to make commercial EV adoption more economically viable and plans to scale fleet operations across the U.S..
Source: TechCrunch
LATAM Startup & Tech News
Chilean startup LicitaLAB closes $450,000 investment round to develop its AI platform
LicitaLAB, a Chilean startup, raised $450,000 to enhance its AI-driven solution for public procurement. The funds will support product development and expansion in Latin America, particularly in Chile and Peru, where it already serves 1,500+ clients.
Source: LatamList
Global66 invests over $5 million in Colombia to boost SME market access
Global66, a Chilean fintech, invested over $5 million to launch operations in Colombia, aiming to help Chilean SMEs access the market without requiring local banking licenses. The initiative supports currency exchange and digital compensation accounts.
Source: Thesaasnews
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