TechCapsules

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 [...]

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 [...]

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Rayan Krishnan, a former Palantir intern and Stanford AI lab student, says the company was created to address outdated public benchmarks that can be gamed by model developers.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 [...]

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 [...]

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.

OpenAI projects a $278 billion cash burn from 2026 to 2030 as it scales computing power and infrastructure, according to a company presentation cited by media. The AI firm expects to spend roughly $856 billion on compute, driving the largest expense category. Revenue is forecast to rise from $36 billion in 2026 to $350 billion in 2030, with cumulative earnings of about $840 billion over the five years. Despite the revenue jump, free cash flow will remain negative as infrastructure costs outpace [...]

ABZ Innovation has opened a new manufacturing plant in Szentendre, Hungary, quadrupling its floor space and positioning the company to triple production by 2026. The expansion follows a €7 million funding round led by Vsquared Ventures, Day One Capital, and Assembly Ventures. ABZ produces heavy‑duty drones for agriculture and industry, operating in more than 40 countries. The new facility will accommodate larger platform ranges, increase assembly and testing capacity, and support a growing distributor network. The company emphasizes [...]

Applied quantum‑technology firm EigenQ, Inc. and SPAC Silicon Valley Acquisition Corp. (SVAQ) have signed a securities purchase agreement for $45 million in convertible notes, arranged by Cohen & Company Securities. The financing provides $22.5 million upfront, with an additional $22.5 million payable upon completion of their previously announced $3 billion enterprise‑value merger. The combined entity is slated to list on the Nasdaq Global Market under the ticker EIGQ in Q4 2026. EigenQ will use the proceeds to speed commercial rollout of its [...]