Reading List
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Freepik rebrands as Magnific: a bootstrapped, profitable $230M ARR AI creative platform

The new name unifies what was previously fragmented across Freepik (stock assets), Magnific (AI upscaling), and several other products. One million paying subscribers. 250 enterprise customers, including BBC, Puma, and Amazon Prime Video. CEO Joaquín Cuenca has never taken outside investment. The company is profitable. Freepik, the Málaga-founded AI creative platform, announced on Tuesday that […]
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Revolut is opening its first physical store in Barcelona

The store is a permanent pilot, not a pop-up. If successful, it will be replicated in other markets. Spain is Revolut’s third-largest market globally. Last week the company’s IPO target valuation was up to $200 billion, with no listing before 2028. Revolut, Europe’s most valuable startup at $75 billion, is opening its first physical retail […]
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True Anomaly raises $650 million as the only space startup exclusively focused on orbital defense

True Anomaly’s Jackal autonomous orbital vehicles can manoeuvre near other satellites in orbit for inspection, space situational awareness, and, under Golden Dome, potential interception of ballistic and hypersonic missiles. Total funding now exceeds $1 billion. True Anomaly, the Colorado-based space defense startup that builds autonomous orbital vehicles and supporting software for US national security missions, […]
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Marloo raises $10M led by Blackbird Ventures to replace the AI notetaker with an AI operating system for financial advisers

Blackbird is doubling down: it led both the pre-seed and now the seed, and now holds 34% of the company. Icehouse Ventures also participated. The founders -Hardy Michel, Shakeel Lala, and Ben Robertson, retain ~27% each. US expansion is next. Marloo, the London-based AI company for financial advisers, has raised $10 million in a seed […]
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Accenture deploys Microsoft 365 Copilot to all 743,000 employees

97% of Accenture employees report Copilot helped complete routine tasks up to 15 times faster. 89% monthly active usage among the 200,000-person cohort tested. Microsoft has over 450 million M365 enterprise users; only ~3% currently pay $30/month for Copilot. Its shares are down 12% this year. Microsoft is rolling out its Microsoft 365 Copilot AI […]
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