Series C

Scarlet • Series B

Scarlet raises $50M Series B led by Headline for US, Asia-Pacific expansion: London-based Scarlet, which certifies AI and software for medical devices, raised a $50M Series B led by Headline. The funding will support expansion into the US and Asia-Pacific.

Axera launches AX8860 Edge AI chip series with 256 TOPS, up to 128 GB memory: Axera launched the AX8860 Edge AI chip series at CIIF 2026. The 6nm chips provide 256 TOPS and support up to 128 GB memory, with AXLink cascading and PCIe 5.0. The toolchain is vLLM/SGLang-friendly for on-site large-model inference.

Semiconductors • Pandaily

RapidCanvas • Series B

RapidCanvas raises nearly $29M Series B to help businesses build custom AI tools: RapidCanvas raised nearly $29M in Series B funding led by Vertex Ventures and Hitachi Ventures, CEO Rahul Pangam tells Axios. The Austin-based company uses agents to help businesses build and deploy custom AI applications.

Pluto Security • Series A

Pluto Security exits stealth with $42M, including $34M Series A, to monitor AI agents: Pluto Security has exited stealth with $42 million, including a $34 million Series A, to monitor AI agents and vibe-coded apps. The company says it has reached more than $2 million in ARR since April.