Marvell Acquires Lumentum for $115B

Plus: Salesforce bets $375M on defense; GE buys Trench

November 3, 2026

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

  • Physical AI: Machenta secured $40M in seed financing to train embodied robots inside simulated environments.
  • Data centers & IT services and Energy transition: GE Vernova agreed to acquire high-voltage grid equipment maker Trench Group for $9B.
  • Smart mobility: Mach9 raised $34M in Series A funding to expand its AI CAD platform for civil engineering blueprints.
  • Proptech: MARC raised $5M in seed capital to audit real estate vendor billing.
  • Aerospace & Defense: Salesforce agreed to acquire defense AI startup Rune Technologies for $375M.

Physical AI

Re:Build Manufacturing Closes $2.1B for Reindustrialization
Re:Build Manufacturing secured $2.1 billion to scale domestic hard-tech hardware production.
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Solink Raises $100M for Physical AI Operations
The physical intelligence company closed $100 million in growth funding to expand video analytics across 35,000 commercial locations worldwide.
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Foundry Robotics Lands $100M for Autonomous Factories
Foundry Robotics raised $100 million in Series A funding to establish intelligent, autonomous robotic assembly facilities.
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Machenta Secures $40M Seed for Simulation Robotics
The Imperial College London spinout secured $40 million in seed financing to train embodied physical robots inside simulated environments from demonstrations.
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Data Centers & IT Services

Marvell Technology Agrees to Acquire Lumentum for $115B
Marvell Technology agreed to acquire optical component provider Lumentum for $115 billion in enterprise value.
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GE Vernova Signs Agreement Acquiring Trench Group for $9B
GE Vernova agreed to acquire high-voltage grid equipment maker Trench Group for $9 billion from Triton Partners.
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STTGDC Secures Green Financing for Tokyo Expansion of $590M
Funding its 70.8-megawatt Tokyo campus, ST Telemedia Global Data Centres closed a $590 million green loan facility.
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Smart Mobility

European EV Charging Network Qwello Secures €55M ($61M)
Munich EV operator Qwello secured up to €55 million in equity to scale charging points.
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Mach9 Secures $34M to Accelerate AI-Powered Civil Engineering
Mach9 raised $34 million in Series A funding to expand its AI CAD platform for aging infrastructure blueprints.
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Energy Transition

GE Vernova Buys Trench Group for $9B Acquisition
GE Vernova agreed to acquire high-voltage transmission equipment manufacturer Trench Group from Triton Partners for $9 billion.
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EnerSys Agrees to Acquire Ultralife for $320M All-Cash
EnerSys entered into an agreement to acquire battery manufacturer Ultralife Corporation in an all-cash transaction valued at approximately $320 million.
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Scatec Secures $217M Debt for Dandara Solar Project
Scatec signed $217 million in non-recourse debt financing packages to fund its Egyptian solar-plus-storage project.
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PropTech

CoStar Group Agrees to Acquire Vexcel for $730M
CoStar Group agreed to acquire geospatial analytics firm Vexcel for $730 million in cash to power search intelligence.
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Lette Secures Seed Capital Funding Round of $6.5M
Led by Peak, rental operations platform Lette secured $6.5 million in seed funding to expand automated workflows.
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MARC Secures Seed Round Funding of $5M
MARC raised $5 million in seed capital led by Work-Bench to audit vendor billing across North America.
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Aerospace & Defense

Salesforce Acquires Rune for $375M Consideration
Salesforce agreed to acquire defense AI startup Rune Technologies for $375 million in combined cash and equity.
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Firehawk Defense Closes $150M Series D Fueling Propulsion Scaling
Firehawk Defense closed an oversubscribed $150 million Series D round at a post-money valuation exceeding $1.4 billion.
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Volatus Aerospace Completes $13M Acquisition of Aerial Sensor Specialist
Drone intelligence provider Volatus Aerospace completed the acquisition of aerial payload manufacturer AISPECO in a transaction valued at approximately $13 million.
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Vitaly M. Golomb

CEO & Managing Partner

AI, Robotics, Mobility, Energy Transition

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