Morphotonics raises €40M to expand its display tech into data centers

techcrunch.com Sep 22, 2026

Morphotonics raises €40M to expand its display tech into data centers

Curated by Shubham · TechCapsules · Sep 22, 2026

AI-summarised brief · reviewed before publication

Morphotonics, a Dutch nanoimprint lithography startup, announced a €40 million financing round led by 3M Ventures, Innovation Industries, BOM and Invest‑NL, with participation from the European Innovation Council Fund, Ernij Next and the European Investment Bank. The capital will fund scaling of its NIL equipment, which stamps photosensitive material to create waveguides for augmented‑reality glasses and other optics, and a new push into co‑packaged photonic components for data‑center servers. After 12 years of development, the firm has doubled its staff to 60 and aims for a next‑generation machine capable of producing over 6 million waveguides annually, slated for shipment early next year. 90 % of revenue derives from hardware sales, with 10‑15 systems deployed worldwide and a target of 50 installations within three years.

💡 Why It Matters

· By adapting its waveguide‑printing expertise to co‑packaged photonics, Morphotonics could accelerate the deployment of light‑based interconnects that dramatically reduce data‑center power consumption.

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Corridor raises $25M seed to build a health benefits brokerage for SMBs

Corridor, an AI‑powered health benefits brokerage targeting small businesses, secured a $25 million seed round led by Bain Capital Ventures. Founded by former Scale AI product lead Jackson Wagner and ex‑Cold Start partner Nikhil Aggarwal, the platform blends human advisors with AI agents that automate administrative tasks such as network verification and appointment scheduling. The founders cite personal healthcare frustrations and a gap in small‑company coverage as catalysts. Investors include BoxGroup and executives from OpenAI, Scale AI, and Ramp, positioning Corridor to launch its services in Q4 when most SMBs select plans.

💡 By automating routine brokerage tasks, Corridor could dramatically lower the cost of small‑business health plans, a market traditionally underserved due to low commissions. Its focus on AI‑driven efficiency may set a new standard for how small employers access and manage healthcare benefits.

inc42.com · Sep 20

India’s Spacetech Gold Rush Is Here, But What’s Making Investors Jumpy?

India’s spacetech sector has entered a commercialisation phase, raising $252.9 million in 2026, nearly double the 2025 total. Skyroot Aerospace became the first Indian spacetech unicorn after a $60 million round and successfully launched its Vikram‑1 rocket, now pursuing a $200 million follow‑up. Pixxel, backed by Temasek, secured a record $100 million Series C, the largest single funding round for an Indian space company. Government funds—₹1,600 cr from IN‑SPACe’s Antariksh VC and ₹834 cr from the RDI fund—backed early‑stage ventures. Startups now face heightened scrutiny on commercial viability, demand, and scalability.

💡 The surge in capital and policy support signals a shift from experimental to revenue‑driven space ventures, positioning India as a competitive player in global space markets.

quantumcomputingreport.com · Sep 20

Fortaegis Technologies Raises $50 Million Series A to Deploy Hardware-Rooted Quantum-Safe Secure…

Fortaegis Technologies secured $50 million in Series A funding to advance its hardware‑rooted, quantum‑safe secure compute architecture. The company’s leadership features Ilyas Khan, founder of Quantinuum, as chairman, and founder‑CEO Boudewijn Wijnands, with Chris Miller on the U.S. board. Fortaegis’s silicon platform generates dynamic, quantum‑resistant encryption keys from microscopic manufacturing variations, avoiding permanent key storage and eliminating theft vectors. The firm reports 17 patents, 14 pending, and machine‑to‑machine speeds over 200 times faster than software cryptography. Funds will scale FPGA deployments and accelerate custom ASIC development for data centers, defense, telecom, and autonomous infrastructure.

💡 The technology offers a practical, silicon‑based defense against emerging quantum decryption threats, potentially redefining secure communications in high‑throughput AI and critical infrastructure sectors.

techcrunch.com · Sep 20

Vals, backed by Andreessen Horowitz, is looking to become the gold standard…

Vals, a San Francisco AI‑benchmarking startup founded in 2024, raised $40 million in a Series A led by Andreessen Horowitz after an earlier seed round from 8VC and Bloomberg Beta. Co‑founder Rayan Krishnan, a former Palantir intern and Stanford AI lab student, says the company was created to address outdated public benchmarks that can be gamed by model developers. Vals offers private, industry‑specific tests—covering law, finance, coding and emerging areas such as mental‑health, cybersecurity and the law of armed conflict—rather than generic knowledge exams. Clients pay for these evaluations to identify performance gaps and mitigate negative outcomes. Revenue has reportedly grown eightfold in a year, and staff expanded from eight to 25, with plans to add more and serve federal agencies in the near term.

💡 By privatizing test data and targeting real‑world tasks, Vals forces AI firms to substantiate functional value instead of merely chasing headline scores.

marginalrevolution.com · Sep 19

Emergent Ventures India, 19th cohort

The 19th cohort of Emergent Ventures India awarded grants to a diverse group of innovators tackling challenges across technology, health, and security. Asit Singh will develop sub‑angstrom optical MEMS sensors for advanced semiconductor lithography, while Hari and Naveen’s Archgen AI links legacy EDA tools with AI workflows for chip design. Rishabh’s platform will provide real‑time updates from Delhi courts, and Sarthak Ahuje’s Hypertensight uses smartphones to detect hypertensive retinopathy in over 18 villages. Young entrepreneurs received support for robotics scaling, AI‑driven golf swing analysis, low‑cost AR prototypes, and a solar‑powered AI elephant deterrent already deployed in Jharkhand. Additional grants target modular point‑of‑care blood diagnostics, cellular reprogramming research, nuclear strategy analysis, a series‑hybrid pedal system for hubless e‑bikes, reusable rockets, and AI tools for document compliance, website design conversion, and competitive‑gaming analytics.

💡 By seeding breakthroughs from nanometer sensors to field‑deployed wildlife protection, the cohort accelerates homegrown solutions that could reshape India’s semiconductor, healthcare, and security landscapes.

techcrunch.com · Sep 19

Y Combinator insurance tech alum Angle Health hits $2.7B valuation

Angle Health, a 2019-founded health‑insurance platform, secured a $200 million Series C led by Vitruvian Partners, plus a $400 million tender offer, valuing the company at $2.7 billion. The deal, announced Friday, will close later this month and lets employees cash out shares. The Y Combinator‑backed startup offers “level‑funded” plans that blend insured and self‑funded models, aiming to lower costs for small businesses. It serves over 5,000 companies and reports profitability.

💡 The valuation underscores growing investor confidence in non‑AI health‑tech solutions that simplify insurance for small firms, a segment often overlooked by larger carriers.