AMD Bets $8.2B on Spatial AI

Plus: EliseAI hits $4B; $1.2B HPE rack deal

October 6, 2026

Here are the key insights for the last week of Mavka Report coverage:

  • Physical AI: Tangent Robotics raised $4.5M in pre-seed funding to equip robot hands with touch sensing and fine motor control.
  • Data Centers & IT Services: Duos Technologies sold its edge GPU-as-a-service unit to Axe Compute for $42.9M.
  • Smart Mobility: OSCP closed a $6M Series A round to scale photonic sensing tactical-grade inertial measurement units for GPS-free navigation.
  • Energy Transition: Reverion raised $175M in Series B capital to scale production of dispatchable, carbon-negative fuel cell power plants.
  • Proptech: NOX Energy secured €3M ($3.4M) in seed funding to connect residential heat pumps and solar hardware.
  • Defense & Aerospace: Foundational exited stealth with £8.2M ($10.9M) in pre-seed funding to build automated satellite laser-ranging networks

Physical AI

AMD Agrees to Buy World Labs for $8.2B
Advanced Micro Devices agreed to acquire Fei-Fei Li's spatial AI startup to integrate 3D physical world model capabilities and simulation technology.
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FFR Proposes $200M Acquisition Of Faraday Robotics
FF EAI Robotics Ecosystem signed a non-binding term sheet to acquire Faraday Future Intelligent Electric's physical AI and robotics asset division.
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Tangent Robotics $4.5M Pre-Seed Boosts Tactile Factory Hands
Co-led by Fly Ventures and Toyota Ventures, Tangent Robotics’ pre-seed funding equips robot hands with touch sensing and fine motor control.
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Data Centers & IT Services

Vultr Places $1.2B Order with HPE for AMD AI Racks
Hewlett Packard Enterprise secured a $1.2 billion order from cloud operator Vultr to deploy AMD Helios AI rack systems.
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Duos Sells Edge GPU Unit to Axe Compute $42.9M
Duos Technologies eliminated over $90 million in equipment debt by selling its edge GPU-as-a-service unit to Axe Compute.
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TXO Expands IT Services via Wesbell Communications Acquisition
Digital infrastructure provider TXO purchased Canadian telecom and IT services firm Wesbell Communications to broaden its network integration facilities.
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Smart Mobility

Fleet Software Firm Intangles Opens US HQ After Raising $40M
The AI fleet telemetry firm Fleet Software opened its North American headquarters in Irving, Texas, following $40 million in venture funding.
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Supply Chain Startup Atomic Closes $12.5M Series A
Founded by former Tesla engineers, the software startup raised $12.5 million to scale its autonomous agentic AI supply chain platform.
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OSCP Closes $6M Series A for GPS-Free Autonomous Navigation
Photonic sensing firm OSCP secured $6 million to scale tactical-grade inertial measurement units for ground autonomous vehicles.
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Energy Transition

Simple Energy Secures $180M Series C Round
Indian electric mobility startup Simple Energy raised $180 million to construct a manufacturing facility and advance clean transport research.
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Reverion Collects $175M Series B Capital Raise
German climate tech company Reverion secured $175 million to scale production of dispatchable, carbon-negative fuel cell power plants.
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Algebris GTF Acquires 100% Vector Renewables Stake
Asset manager Algebris Investments acquired 100% of Spain-based advisory firm Vector Renewables through its Green Transition Fund.
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PropTech

EliseAI Secures $350M Series F at $4B Valuation
Property management software developer EliseAI secured $350 million in Series F financing at a $4 billion valuation.
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Miter Closes $40M Series B for Construction Operations
Led by Battery Ventures, Miter raised $40 million in Series B funding to automate construction field and back-office workflows.
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NOX Energy Secures €3M ($3.4M) Seed for Smart Buildings
Smart building energy startup NOX Energy raised €3 million to connect residential heat pumps and solar hardware.
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Aerospace & Defense

Varda Space Industries Closes $251M Series D Round
In-space pharmaceutical manufacturer Varda Space Industries closed a $251 million Series D round led by Lux Capital and Natural Capital.
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Osavul Lands €8.5 ($10M) to Spot Hostile Hybrid Threats
Led by 33N Ventures, hybrid risk intelligence firm Osavul raised €8.5 million to expand threat-detection software.
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Foundational Raises £8.2M ($10.9M) Pre-seed for Satellite Laser Ranging
Space tracking startup Foundational exited stealth with £8.2 million to build automated satellite laser-ranging networks.
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Vitaly M. Golomb

CEO & Managing Partner

AI, Robotics, Mobility, Energy Transition

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Misha Edel

Partner

Data Center Infrastructure, Industrial Automation, PropTech, Deep Tech

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