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Dear Friend,

As we close out the first week of July, physical AI and robotics surge forward as AI2 Robotics raises $735 million for its wheeled humanoid AlphaBot series and Luxonis closes a $14 million Series A to scale its spatial AI perception cameras. Data centers keep expanding, led by Brookfield's $25 billion commitment to Bloom Energy's fuel cells and Switch's $2 billion pre-IPO round at a near-$50 billion valuation.

Mobility shifts gears as Momenta targets $751 million in its Hong Kong IPO debut and Terawatt Infrastructure secures $300 million to fund autonomous vehicle charging depots. Energy transition accelerates with KKR's $4.2 billion acquisition of EDF's North American renewables portfolio, while proptech and defense keep pace as Higharc raises $95 million for homebuilding AI and Quantum Systems closes a $1.2 billion Series D for multi-domain autonomy.

Stay sharp,

Physical AI

AI2 Robotics Raises $735M for Wheeled Humanoid Robots

Nearly $735 million just landed at a $3 billion valuation for this wheeled humanoid robot maker. (Read more)

X Square Robot Closes Series C at $2.8B Valuation

Four straight funding rounds pushed valuation past $2.8 billion, backed by all four Chinese tech giants at once. (Read more)

Proception Raises $11M Seed for Dexterous Humanoid Hands

A former Tesla Optimus lead just shipped a 22-degree dexterous robotic hand after an $11 million seed raise. (Read more)

Luxonis Raises $14M Series A for Physical AI Perception

Seven years bootstrapped later, a $14 million Series A arrives to scale spatial AI cameras for physical AI. (Read more)

Data Centers & IT Services

Brookfield Backs Bloom Energy with $25B for AI Fuel Cells

A fivefold jump to $25 billion now funds on-site fuel cell power for hungry AI data centers. (Read more)

Switch Launches $2B Pre-IPO Private Round Led by Andreessen Horowitz

A $2 billion pre-IPO round just landed, while a separate $400 million campus deal targets 500 acres near SpaceX. (Read more)

Omen AI Closes $31M Series A for Coolant Monitoring

A $31 million round now funds real-time spectrometers catching corrosion and contamination in liquid-cooled server loops. (Read more)

Smart Mobility

China's Momenta Targets $751M in Hong Kong IPO

Up to $751 million is on the table as this autonomous-driving firm debuts on the Hong Kong exchange. (Read more)

InstaVolt Acquires GeniePoint Network in Undisclosed UK Deal

Over 260 chargers just changed hands, pushing this operator past 1,000 UK sites in an undisclosed deal. (Read more)

Terawatt Infrastructure Secures $300M for AV Charging Depots

A $300 million debt facility now fuels charging depots built for autonomous and commercial electric fleets. (Read more)

Energy Transition

KKR Acquires EDF's 5.6 GW NA Renewables Portfolio for $4.2B

A $4.2 billion deal just handed over 5.6 gigawatts of wind, solar, and storage assets across North America. (Read more)

UCL Battery Spinout Gaussion Raises $28M for Magnetic Charging

A $28 million raise backs magnetic tech that speeds lithium-ion charging without touching cell chemistry. (Read more)

Royal Vopak Commits €230M ($263M) to 800 MWh Dutch BESS

A majority stake acquisition and a battery storage project together total around €230 million in Dutch investment. (Read more)

PropTech

Higharc Raises $95M to Scale Homebuilding AI Platform 
Total funding now tops $170 million, scaling AI across the entire design-to-construction homebuilding process. (Read more)

HousApp Raises €4.3M ($4.9M) Seed Round for Agent AI Platform 
A €4.3 million seed round accelerates automation across the Netherlands' fastest-growing real estate agent platform. (Read more)

Build Raises $8.5M Seed for Real Estate Infrastructure AI 
An $8.5 million seed round now automates due diligence, slashing infrastructure project timelines by over 95 percent. (Read more)

Defense & Aerospace

Quantum Systems Closes $1.2B Series D for Multi-Domain Autonomy

A $1.2 billion round just doubled valuation to roughly $8 billion for this drone and autonomy maker. (Read more)

Canadian Arctic-Defense Startup Dominion Dynamics Raises $100M

The largest Series A in Canadian defense-tech history, worth $100 million, now scales Arctic surveillance systems. (Read more)

Space Fintech Nebex Raises $30M GV-Led Seed Round

A $30 million seed round builds exchange infrastructure connecting space companies with sovereign government buyers. (Read more)