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Dear Friend,

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

• Physical AI is diversifying beyond humanoids into surgical, warehouse, and construction robotics, with Enigma, Magnendo, Unit AI, and Gritt all raising fresh rounds.
• Mega-scale capital keeps flowing into AI-adjacent infrastructure, with Brookfield-NextEra's $100 billion Kentucky campus and Colt-RMZ's $21 billion India buildout signaling data centers as this cycle's biggest bet.
• Nuclear and thermal energy startups are scaling fast, as Commonwealth Fusion, Antares, and Antora Energy collectively pulled in over $2 billion toward power for AI and defense demand.
• Defense-tech and satellite plays are going public and raising big, from Space-Eyes' $638 million SPAC to K2 Space's $500 million Series D.
• Proptech and mobility rounds stayed smaller but strategic, with Henry AI, Dwelly, and Terminal targeting real estate and fleet automation niches.

Stay sharp

Physical AI

Enigma Raises $71M Seed for Robot Interfaces 
Enigma landed a $71 million seed round aiming to make robot control as simple as a volume dial.
(Read more)

Magnendo Closes $18M Series A for Stroke Robot Navigation

An MIT spinout landed $18 million to steer magnetic robotic navigation for stroke intervention procedures.
(Read more)

Unit AI Secures $12M to Scale Warehouse Fulfillment Robots

A modular automation startup pulled in $12 million to expand robotic fulfillment across North America.
(Read more)

Data Centers & IT Services

Brookfield NextEra Ink $100B AI Campus Deal 

Brookfield and NextEra struck a $100 billion deal to build a massive AI data center on a former uranium site.
(Read more)

Colt RMZ Commit ~$21B Vizag Campus
A joint venture will pour roughly $21 billion into a hyperscale campus in India spanning five phases.
(Read more)

S&P Global Acquires DatacenterHawk Intelligence Firm
S&P Global's definitive deal brings a data center market intelligence provider under a new owner.
(Read more)

Smart Mobility

Terminal Raises $20M Series A for Fleet Data
A telematics startup for commercial fleets locked in $20 million with fresh strategic backing on board.
(Read more)

Boring Company in Talks for $4B Round at $20B

Talks are underway for roughly $4 billion in fresh funding valuing the tunneling venture near $20 billion.
(Read more)

NXP in Talks to Acquire Ambarella, Terms Undisclosed 
NXP is reportedly eyeing an acquisition of a self-driving camera chip designer worth billions.
(Read more)

Energy Transition

Commonwealth Fusion Systems Raises $1B Series B2 Extension
Another $1 billion flows into Commonwealth Fusion as it chases its first commercial power plant, now at $4 billion total.
(Read more)

Antora Energy Closes $550M Series C for Thermal Batteries
An oversubscribed $550 million round funds a new manufacturing hub for thermal battery deployment.
(Read more)

Antares Raises $470M Series C for Nuclear Microreactors

Antares secured $470 million to push its microreactor toward fielded defense power by 2028.
(Read more)

PropTech

UK Proptech Firm Dwelly Raises $170M for AI Rollup
A London letting agency roll-up closed $170 million to acquire and automate agencies with AI.
(Read more)

New York Startup Henry AI Raises $16.5M Series A

Henry AI just landed $16.5 million to automate back-office workflows for commercial real estate teams.
(Read more)

Construction Robotics Startup Gritt Exits Stealth With $26M

Fresh out of stealth, Gritt grabbed $26 million to speed up solar panel installation with AI robots.
(Read more)

Defense & Aerospace

K2 Space Raises $500M Series D for Satellites

A $500 million round now values K2 Space at $6.8 billion as it scales high-power satellite production.
(Read more)

Onyx Security Raises $113M for AI Control
Onyx Security landed $113 million to secure autonomous AI agents across national-security enterprises.
(Read more)

Space-Eyes Goes Public in $638M SPAC Deal

A Miami counter-drone firm is merging with a SPAC in a deal valuing the combined company at $638 million.
(Read more)