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The Latest Breaking News from Accel

QOSMIC raises $3.3 million from Prosus, Accel, South Park Commons to solve space’s growing data bottleneck

Bengaluru-based QOSMIC has secured $3.33 million in seed funding to tackle a growing bottleneck in space: getting vast amounts of satellite data back to Earth. The newly raised capital will be used to scale manufacturing, integration and testing capabilities, while expanding engineering teams across optics, mechanical systems and electronics.

The Economic Times

L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore

L’Oréal-Innovist deal: early investors cash in big, founders pocket Rs 800-900 crore

L'Oréal announced on Thursday that it would acquire a majority stake in Innovist. While the companies did not disclose financial details, people familiar with the transaction told ET that the deal values the Gurugram-based startup at around Rs 4,100 crore.

The Economic Times

Rapido's early backers look to sell shares worth Rs 100 crore

Rapido's early backers look to sell shares worth Rs 100 crore

Angel investors are offloading Rapido shares worth Rs 100 crore as part of a larger $730 million funding round. Swiggy, an early investor, has fully exited its stake. The deal aims for a $3 billion valuation, though some investors are pushing back on pricing.

The Economic Times

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Rekise Marine raises $9.7 million from Accel, NKSquared to build autonomous naval platforms

Bengaluru-based Rekise Marine secured $9.7 million from Accel and NKSquared. The funding will accelerate the development of autonomous ships and submarines for the Indian Navy. The company focuses on full-stack development of unmanned maritime systems. This investment supports the expansion of engineering talent and the advancement of their extra-large autonomous…

The Economic Times

Intel spinout Articul8 eyes $50 million for India heritage AI venture

Articul8, a spin-off from Intel, is raising $30-50 million to establish an India-based AI entity focused on traditional knowledge systems like Sanskrit. The venture aims to build "heritage models" trained on ancient Indian languages and cultural data, with potential applications in various fields and global preservation efforts.

The Economic Times

Sachin Bansal’s Navi in talks to raise $250-300 million from Prosus, Accel US

Sachin Bansal's Navi Technologies is in talks to raise $250-300 million at a $1.8-2 billion valuation, potentially from Prosus and Accel Growth Fund. This funding aims to expand its lending business in Southeast Asia, following strong performance in India. The move comes after a period of regulatory scrutiny and a…

The Economic Times

Exclusive: Ex-Palantir AI execs raise $12 million seed round for Perceptic, a startup automating drug discovery

Three former Palantir AI execs founded Perceptic, which is getting funding from Accel, Air Street Capital, and Elder Gull.

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Peak XV joins UK infrastructure startup Primer’s $100 million funding round

Peak XV joins UK infrastructure startup Primer’s $100 million funding round

Peak XV Partners has joined a $100 million fundraise for global payments infrastructure startup Primer, marking another overseas investment for the Indian VC firm. The funding will accelerate AI investments and US expansion, where Primer expects significant revenue growth.

The Economic Times

Exclusive: AI startup Viktor raises $75 million to put a virtual ‘coworker’ in Slack and Teams

Exclusive: AI startup Viktor raises $75 million to put a virtual ‘coworker’ in Slack and Teams

The former Meta engineers behind Viktor say their AI agent has hit a $15 million revenue run rate in about 10 weeks.

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart puts IPO on ice; Rapido's $240 million raise

Flipkart has hit pause on its IPO in a jittery market. This and more in today's ETtech Top 5.

The Economic Times

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Rapido raises $240 million from Prosus, WestBridge, Accel; valuation hits $3 billion

Urban mobility startup Rapido has secured $240 million in a funding round led by Prosus, valuing the company at $3 billion. This raise is part of a larger $730 million round and will be used to expand markets, grow its captain network, and enhance technology.

The Economic Times

Anthropic in early talks to buy DRAM-less AI inference chips from UK startup — Fractile's SRAM architecture reduces need for pricey memory during extreme pricing and shortage crunch

Anthropic in early talks to buy DRAM-less AI inference chips from UK startup — Fractile's SRAM architecture reduces need for pricey memory during extreme pricing and shortage crunch

Anthropic has reportedly held early discussions with London-based chip startup Fractile about purchasing the company's inference accelerators.

Tom’s Hardware

Generation Lab raises $11 million, becoming Accel’s first longevity bet

Generation Lab raises $11 million, becoming Accel’s first longevity bet

Accel has led longevity startup Generation Lab’s $11 million seed round, Fortune has exclusively learned.

New startup wants to build self-updating, autonomous websites that 'generate' content and 'optimize themselves' without human intervention - but I wonder what Google will make of this

New startup wants to build self-updating, autonomous websites that 'generate' content and 'optimize themselves' without human intervention - but I wonder what Google will make of this

Flint, backed by Accel and Sheryl Sandberg, is developing autonomous AI websites that generate and optimize themselves without human oversight.

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Exclusive: Supabase raises $100 million at $5 billion valuation as vibe coding soars

Supabase has raised a $100 million Series E at a $5 billion valuation. Accel and Peak XV led the round, Fortune can exclusively report.

Evening Standard

Starmer hails Nvidia’s £2bn UK AI deal as ‘biggest-ever tech agreement’ with US

Prime Minister says partnership marks milestone in special relationship at London event.

Berlin Gaming Startup Born Raises $15M From Tencent, Accel To Combat Loneliness With AI 'Friends' That 15M Users Love

A virtual pet that only comes alive when two people raise it together is at the center of a growing AI movement out of Berlin.

This Berlin AI Startup Quietly Went From $350M To $2.3B In Four Months — And It's Just Getting Started

In only four months, Berlin-based artificial intelligence startup n8n has surged from a $350 million valuation to $2.3 billion, as venture capital giant Accel leads a funding round expected to raise hundreds of millions of euros for the company, according to Bloomberg.

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Cybersecurity upstart Legion emerges from stealth with $38 million from Accel, Coatue, and others

This also marks the U.S. launch of VC firm Picture Capital, who co-led the round.

Pro Game Guides

Best Skills in Umamusume Pretty Derby (July 2025)

Umamusume Pretty Derby can feel quite challenging to learn and master, especially in the early stages when you're learning the systems. If you've felt

From Shopify To Polar: Birk Jernström Raises $10M To Help Devs Build AI-Driven One-Person Unicorns, Backed By Startup Giants

Birk Jernström, the founder of Polar and former head of product at Shopify's (NASDAQ:SHOP) Shop app, has raised a $10 million seed round to fuel a platform built for solo developers aiming to scale globally. Polar announced the round on Thursday, which was led by Accel and joined by prominent…

OpenFX raises $23 million led by Accel to build near-instant cross-border transactions

Why the latest stablecoin startup to raise venture funding could bring a technological breakthrough.

Why partner at Facebook backer Accel asks jobhunters about the riskiest thing they've done

Harry Nelis doesn't just want his future staffers to have an appetite for risk, but the right appetite.

An OpenAI whistleblower was found dead in his apartment. Now his mother wants answers

Why Suchir Balaji’s death has fueled conspiracy theories and unresolved questions.

Founder of travel tech startup Nuitée raised $48 million for its next phase: 'That’s when we start pissing people off'

Nuitée has raised a $48 million Series A, led by Accel, Fortune can exclusively report.

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