BATTERY RECYCLER ASCEND ELEMENTS FILES FOR
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Ascend Elements, a major battery recycling company, has filed for bankruptcy amid challenges in the electric vehicle supply chain.
■ MORE FROM THE STARTUPS DESK
Town, an enterprise personal AI assistant platform, is in talks to raise funding at a $1 billion valuation in a round led by Index Ventures, according to sources.
Product management platform Linear reached $100M in annual recurring revenue and conducted a $99M employee tender offer at a $2.5B valuation, doubling its valuation from $1.25B in 2025.
Flipboard is acquiring Bluesky feed-building startup Graze, integrating its ad technology and creator monetization tools into its open social web platform.
Artificial intelligence is fundamentally changing how startups operate, not just what they build. According to Floodgate co-founder Ann Miura-Ko, companies are deploying AI agents across engineering, sales, marketing, and strategy to accelerate learning and execution.