Tags: technology startup

Sycamore, founded by former Coatue investor Sri Viswanath, announced a $65 million seed round led by Coatue and Lightspeed. The funding, which also includes a roster of high‑profile angels, backs the company’s ambition to create a comprehensive AI‑agent orchestration layer for enterprises. Viswanath brings more than two decades of experience building large‑scale enterprise platforms at Sun Microsystems, VMware, Groupon, and Atlassian. While Sycamore has already attracted unnamed enterprise customers, it enters a crowded market where startups, major AI labs, and cloud providers are all racing to own the enterprise agent space. Read more

Physical Intelligence, a San Francisco robotics startup, is reportedly in early-stage discussions to raise about $1 billion at a valuation exceeding $11 billion. The prospective round could involve Founders Fund, Lightspeed Venture Partners, and existing investors Thrive Capital and Lux Capital. The company, founded two years ago, focuses on building general-purpose AI models that enable robots to perform a wide range of tasks, from laundry folding to vegetable peeling. Co-founders Sergey Levine and Lachy Groom emphasize an unlimited compute approach and have no set commercialization timeline, a stance that appears acceptable to their backers. Read more