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 …

A reliable Lego leaker revealed an upcoming Lego PlayStation console set, including the console itself and an original PlayStation controller

Canva introduced a new feature that separates flat image files and AI-generated visuals into layered, fully editable designs. The Magic Layers tool is launching in public beta today in the US, UK, Canada, and Australia, allowing design components like objects, text boxes, and other graphics to be selected individually while preserving the original layout. "After […]