Weekly Tech Digest
Big moves this week: Y Combinator’s latest Demo Day, Harvey’s $200M raise, Kleiner Perkins’s $3.5B fund, and Revolut’s annual report.
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Hey Readers!
Welcome back to your weekly digest - a quick roundup of the latest tech news to keep you updated.
To help you make sense of it all, we’ve rounded up the most talked-about startup stories from the past week - broken down into the following categories:
🗝️ Read of the week
📊 Charts of the week
🔍 Top tech news
💰 Startup funding news
👀 New VC funds
🤝 Acquisitions
🎤 Must-watch interviews
🧷 Startups to watch (paid subscribers)
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🗝️ Read of the week: Y Combinator’s Demo Day
YC’s W26 Demo Day took place earlier last week and this is what we know about the batch:
~90% of the batch is AI.
14 companies are already at $1M+ ARR.
23,000 applications were received, with <1% accepted.
~70% of the batch applied with zero revenue.
This is probably the strongest batch to date. Discover the startups in full here.
You can also see the full breakdown on which YC Partners coached which startups here.
📊 Charts of the week
Revolut’s 2025 Annual Report
Revolut just published its annual report and this is what we know:
$6B Revenue (+46% YoY)
$2.3B Profit Before Tax (38% margin)
68M users in 30+ markets.
$75B valuation.
You can read the report in full here.
VC benchmarks: IRR, TVPI, DPI.
Data: 2,905 U.S. venture funds performance benchmarks - data as of Q4 2025. Source: Carta.
Deep Tech now captures nearly one-third of all VC funding in Europe
Read the report in full here by Dealroom on the European Deep Tech ecosystem.
🔍 Top tech news
Venture firm Kleiner Perkins raised $3.5B in fresh capital.
LegalTech startup Harvey raised $200M reaching an $11B valuation. This round included investors such as Singapore’s GIC and Sequoia. Existing investors Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins also participated.
Physical Intelligence, the two-year-old S.F robotics startup, is in discussions to raise $1B in new funding at a valuation exceeding $11B, according to Bloomberg.
Mistral raised $830M in debt financing to support the development of its first large-scale data centre near Paris.
💰 Startup funding news
Granola raised $125M Series C from Index Ventures as it expands from meeting note-taker to enterprise AI app.
Conntour raised $7.4M Seed from General Catalyst and Y Combinator to build an AI search engine for security video systems.
Deccan raised $25M Series A from A91 Partners to help frontier AI labs and enterprises like Google, Snowflake, and more improve model performance.
VITL raised $7.5M Seed from Signalfire to provide e-prescribing infrastructure for cash-pay medical practices.
Glimpse raised $35M Series A from A16Z to help retailers automate financial deduction processes.
Arinna raised $4M Seed from Spacecadet Ventures to solve the space power problem.
Lucid Bots raised $20M Series B from Cubit Capital and Idea Fund Partners to keep up with demand for its window-washing drones.
Interloom raised $16.5M Seed from DN Capital to accelerate back office workflows with AI.
Onit Security raised $11M Seed from Brightmind Partners and Hetz Ventures for its AI-powered security operations platform.
Dash0 raised $110M Series B from Balderton Capital to collect, transmit, and analyze distributed system data.
PointOne raised $16M Series A from 8VC to handle bill review for law firms.
Notch raised $30M Series A from Headline to automate AI customer support agents.
Highlight raised $40M Series A from Khosla Ventures to provide AI-powered productivity tools designed to integrate across desktop applications and workflows.
👀 New VC funds
The European Investment Fund (EIF) is launching a new €15B fund of funds to back growth-stage investors across the continent
VitaminºC hits first close of its $20.7M debut climate fund.
BKR Capital raised $14.5M (so far) to invest in Black founders.
Early Kalshi employees raising up to $35M for a prediction market VC fund called 5c (C) Capital.
Overmatch Ventures raised $250M Fund II.
🤝 Acquisitions
Amazon acquired ‘approachable’ humanoid maker Fauna Robotics.
🎤 Must-watch interviews
Subscribe to our podcast to hear from founders, investors, and operators behind some of the most enduring companies. Previous episodes include:
Why Hand-Typing Code Will End Your Career in 2026 | Dan Shipper.
The $1.7B Mistake That Ended a Founder’s Dream | Colin Angle.
Andreessen Horowitz General Partner: Venture Capital’s Future | David Haber.
He Built A $1.8B AI Company With No Experience | Max Junestrand.
Forget AI: Inside the Meltdown That Made Airalo #1 eSIM Unicorn | Ahmet Bahadir Ozdemir.
The Hidden Skill Behind Every Successful Founder | Lindsay Kaplan.
The Harsh Truth About Building a Startup in the AI Era | Anish Acharya.
The AI Version of You Will Outperform You | Emad Mostaque.
How Solana Survived When Most Other Coins Fell | Anatoly Yakovenko.
Watch and subscribe now!
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🧷 Startups to watch (paid subscribers)
Some of the latest and most promising startups that we have come across in the past week include