TechCapsules

Harbinger, an electric‑truck startup based in Los Angeles, closed a $240 million Series D round, bringing its total capital raised to over $650 million. The round was co‑led by Tiger Global, Capricorn’s technology impact fund, and defense‑focused Ridgeline, with repeat investors Fed Ex, Maniv, Greycroft and Leitmotif, plus new backer Fidelity Management. FedEx deepened its partnership by placing a $300 million order for 2,000 trucks and appointing its senior vice president of safety and transportation, Paul Melander, to Harbinger’s board. The funding supports [...]

Zipline raised $1.5 billion, boosting its valuation to $21.5 billion, and expanded its partnership with Walmart to add 300 drone‑delivery sites across the United States. The new multi‑year agreement builds on a 2021 deal that covered 21 sites, marking a substantial scale‑up. Funding was led by Paradigm, WCM Investment Management, and Layer Global, with participation from Valor Equity Partners, Fidelity, Uber, Tiger Global, J.P. Morgan, ARK Invest, and Salesforce Ventures. Zipline plans to use the capital to expand U.S. manufacturing [...]

CQMTEK, a Zhejiang‑based quantum precision measurement firm, secured over 100 million yuan (≈US$15 million) in pre‑Series B financing from Huzhou Jinkun and Huzhou South Taihu Juchuang, funds managed by state‑owned Huzhou Jinfu. The capital will fund research, product testing, batch manufacturing, and market expansion into telecommunications, AI computing, power grids, finance, and renewable energy. The company plans to enhance existing chip‑scale atomic clocks, frequency‑stabilized lasers, atomic magnetometers, and precision timing systems, while deepening supply‑chain ties with regional backers. [...]

Barcelona‑based Titan OS secured $46 million in a mix of equity and debt, bringing its total funding to $110 million. The capital, sourced from BlackRock‑managed debt facilities and existing investors Highland Europe and Mangrove Capital Partners, will accelerate global expansion and deepen partnerships with TV manufacturers. The company now serves 30 million users, has added partners such as Sharp, AOC, Vestel, Skyworth, and Philips, and plans to enhance content discovery and AI‑driven ad targeting.

Fal, a San Francisco-based AI inference platform, secured $1.3 billion in a Series F round led by Bessemer Venture Partners, with Nvidia, Sound Ventures, and T. Rowe Price participating. The funding doubles the company’s valuation to $16 billion, up from $8 billion in April, and brings total capital raised to $1.65 billion across Series E and F. Fal’s revenue surpassed $800 million annually, reflecting growing demand for inference services from open‑source model users. The deal underscores Fal’s rapid expansion amid a competitive, high‑margin‑challenged market. [...]

EloElo, the Indian startup behind the Story TV micro‑drama app, closed a $80 million Series C round led by Hornbill Capital and NBCUniversal, bringing total funding to $130 million and valuing the company at $500 million. Story TV, founded in 2020 by former Flipkart executive Saurabh Pandey, now serves over 33 million active users and hosts more than 5,000 titles in six languages, with users averaging 95 minutes per day. The investment targets expansion in India’s fast‑growing micro‑drama market, which attracts 118 million monthly viewers and [...]

Quint Computing, a quantum hardware startup based in Erlangen, secured €9.1 million ($10.2 million USD) in a seed round, the largest first financing for a German quantum firm. The funding, led by Vsquared Ventures and joined by Quantonation, Nucleus Capital, Faber, Vanagon Ventures, ZOHO.VC, and IQM co‑founder Mikko Möttönen, is complemented by a €2.2 million European Innovation Council Pathfinder grant. The capital will develop Quint’s patented architecture that embeds continuous electrical control into processors, aiming to cut physical error‑correction overhead [...]

Universal Quantum has launched its iQPU, a monolithic trapped‑ion processor that integrates control electronics on the same silicon substrate to remove the external wiring bottleneck that limits scaling. The iQPU will power two quantum computers being delivered to the German Aerospace Center under a €67 million contract. By using a Quantum Charge‑Coupled Device layout with dynamic ion shuttling, the chip executes gates without dedicated laser or RF lines for each qubit, and the UQConnect interface links multiple modules [...]