ADAM LAUNCHES OPEN-SOURCE AI CAD PLATFORM
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Adam, a Y Combinator W25 startup, unveiled CADAM, an open-source text-to-CAD platform that uses AI agents to automate mechanical design generation. The platform converts text instructions into CAD code, positioning AI as the primary tool for mechanical design workflows.
■ MORE FROM THE STARTUPS DESK
Munich-based spatial data platform NavVis secured $85 million in Series D funding led by The Jordan Company. The round supports the company's mission to digitize physical spaces for enterprises.
Defense tech company Hadrian secured $1.37 billion in Series D funding at an $8 billion valuation. The capital will fund expansion of its manufacturing facilities and Opus software platform.
Singapore-based AI infrastructure startup Acrab raised $130 million in Series B funding, surpassing $480 million in total capital raised. The round was backed by existing investors including Vertex Ventures.
Herdr, a runtime platform, has been accepted into Y Combinator's latest batch. The company is maintaining its open-source commitment despite the funding.