SPACEX ALUM SECURES $22M FOR ROCKET ENGINE GEOTHERMAL TECH
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Critical Energy, founded by a former SpaceX engineer, has raised $22 million to repurpose rocket engines as geothermal power plants. The startup aims to deploy 300 GW of annual capacity by 2045.
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Baselayer, an AI platform helping financial institutions verify businesses and assess fraud risk, secured $35M in Series A funding led by M13. The round brings total funding to approximately $40M.
Bill Gates' Breakthrough Energy is backing 21 startups to tackle energy demands expected to surge far beyond current data center consumption. The fund targets electrification as the next major challenge for global energy infrastructure.
Australian healthcare AI startup Heidi has secured $340 million in funding, including a $100 million Series C round led by Blackbird. The round values the company at $900 million, bringing total funding to over $430 million.
Finnish neocloud startup Verda secured $189 million in Series B funding led by Emergence Capital, achieving unicorn status. The company plans aggressive fundraising in the coming years, targeting $1.5 billion in equity and debt during 2026 and up to $10 billion in 2027.