James Manso / WWD:
Online DTC luxury brand Quince raised a $500M Series E led by Iconiq at a $10.1B valuation; it recently launched in Canada and its revenue topped $1B in 2025  —  The quickly growing company's revenues topped $1 billion last year.  —  Quince has a fresh infusion of cash.

Kate Clark / Wall Street Journal:
Rivian CEO RJ Scaringe's Mind Robotics, which is building AI-powered factory robots, raised $500M led by Accel and a16z, source says at a $2B valuation  —  Mind Robotics is building factory robots, joining up with the electric-vehicle maker on training and testing

Lily Mae Lazarus / Fortune:
Axiamatic, which offers an “agentic control plane” to manage large-scale enterprise transformations, emerges from stealth with $54M from Greylock and Bessemer  —  Enterprise transformations are one of the biggest line items in corporate budgets—and one of the easiest ways to light money on fire.

Angus Loten / Wall Street Journal:
Kai, which is developing an AI-enabled cyber platform, raised $125M in a combined seed and Series A round led by Evolution Equity Partners  —  The year-old firm joins a surge of new ventures cashing in on booming investor demand for smart cyber tools  —  Kai, an artificial intelligence …

Bloomberg:
Meta unveils four new chips, the MTIA 300, MTIA 400, MTIA 450, and MTIA 500, set to launch by the end of 2027; the MTIA 300 is in production for content ranking  —  Meta Platforms Inc. plans to deploy four new generations of its in-house artificial intelligence chips by the end of 2027 …