EliseAI raised $350 million at a $4 billion valuation, up from $2.2 billion 13 months earlier, with a16z and Bessemer co-leading again. On reported recurring revenue above $200 million, that is about 20 times sales, close to the multiple on its last round.
Perspective Coverage
10 publishers
- Builder
- Builder 22%
- Operator
- Operator 33%
- Investor
- Investor 45%
Reality
- Evidence60
- Adoption60
- Hype gap+10
- Incentives70
- Confidence65
EliseAI raised $350 million at a $4 billion valuation, double its Series E price last August, in a round co-led by Andreessen Horowitz and Bessemer. Landlords and clinics using it now deal with a vendor funded to automate more of their operations.
Reality
- Evidence55
- Adoption62
- Hype gap+15
- Incentives60
- Confidence60
Battery Ventures led a $40 million Series B in Miter, a construction payroll and workforce software company, lifting its total raised to $78 million. The round is larger than all of Miter's earlier funding combined and pays for a push from paying crews into contractors' payables, safety and project data.
Reality
- Evidence30
- Adoption55
- Hype gap+25
- Incentives85
- Confidence45
The $550 million Series C buys roughly a tenth of a company with 650 employees and no published revenue, and the cash is going into engineers who sit inside customers' offices rather than into compute.
Perspective Coverage
4 publishers
- Builder
- Builder 25%
- Operator
- Operator 23%
- Investor
- Investor 52%
Reality
- Evidence50
- Adoption
- Insufficient
- Hype gap+40
- Incentives70
- Confidence60
Upwind's Series C more than doubles the company's price since January and funds runtime collection pulled out of the Linux kernel, but it records what five investors will underwrite rather than what cloud security buyers have already bought.
Reality
- Evidence38
- Adoption
- Insufficient
- Hype gap+34
- Incentives70
- Confidence46
A software-only startup with no robots of its own is betting that open weights and human video can substitute for the fleet it cannot finance.
Reality
- Evidence34
- Adoption12
- Hype gap+28
- Incentives68
- Confidence58
The vibe-coding startup runs about 150 agents internally at 10 to 15 per human. That ratio, not the avatars, is the number buyers will end up defending in board decks.
Reality
- Evidence38
- Adoption32
- Hype gap+30
- Incentives76
- Confidence48
Twin1 AI launched with $20 million to give each knowledge worker a persistent digital twin. The engineering that matters is not the model, it is deciding who may query whose twin.
Reality
- Evidence32
- Adoption38
- Hype gap+34
- Incentives82
- Confidence44
Battery Ventures led a $30 million Series B into a company selling POS, CRM, ledger and e-commerce under one agent to 500-plus independent supply stores.
Reality
- Evidence30
- Adoption45
- Hype gap+30
- Incentives82
- Confidence45
A reported $300mn round would reprice the apartment-leasing agent company at 1.7x last August's valuation. Nothing is signed, and everyone involved declined to comment.
Reality
- Evidence32
- Adoption38
- Hype gap+30
- Incentives72
- Confidence45
A reported $300M round at 68% over August's price values a tenant-texting workflow tool at more than half the property management software market it sells into.
Reality
- Evidence28
- Adoption48
- Hype gap+34
- Incentives66
- Confidence41
NODA AI says the Department of War awarded it $100 million. The government notice describes an open prize challenge worth up to $100 million across multiple awards.
Reality
- Evidence58
- Adoption24
- Hype gap+68
- Incentives78
- Confidence60
The binding constraint on AI capacity is power, water and permits, not silicon. Orbital compute still has to survive the arithmetic: 150kW per satellite against gigawatt-scale ground sites.
Reality
- Evidence34
- Adoption17
- Hype gap+28
- Incentives62
- Confidence38