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Dear Friend,

As we start the third week of July, physical AI again takes center stage as Humanoid becomes Europe’s first humanoid robotics unicorn with a $152 million Series A, while data centers keep scaling as KKR launches its $10 billion Helix Digital Infrastructure platform backed by Nvidia and the Kuwait Investment Authority.

Mobility shifts gears as Uber agrees to acquire Delivery Hero for $14.8 billion, extending its combined delivery-and-rides network across nearly 100 markets. Energy transition surges forward with Masdar closing $5.1 billion in financing for a gigascale UAE clean-power project, proptech consolidates as Milhaus and SRG Residential merge into a $2.5 billion multifamily platform, and defense & aerospace sees SWISSto12 close a $70 million Series C to expand its satellite payload business.

Stay sharp,

Physical AI

UK's Humanoid Becomes Europe's First Robotics Unicorn
Humanoid raises $152 million Series A at a $1.35 billion valuation, fueling wheeled industrial robot production. (Read more)

Disclosure: Humanoid is a Mavka Capital client

Walden Robotics Emerges From Stealth With $300M Seed

A Toyota spin-out unveils wheeled humanoid robots already clocking shifts on a real factory floor. (Read more)

Sereact Expands Warehouse Robotics Round to $116M

Zalando jumps into a warehouse-AI Series B, pushing total funding for the robotics upstart past $145 million. (Read more)

TerraFirma Raises $115M for Autonomous Construction Robots

Ex-SpaceX engineers land Kleiner Perkins backing to send self-driving excavators and loaders onto job sites. (Read more)

Data Centers & IT Services

KKR's Helix Digital Infrastructure Formally Launches With $10B

A hyperscale data-center platform debuts with Kuwait, Nvidia, and Vistra behind it, led by ex-AWS chief Adam Selipsky. (Read more)

Nebius Secures $775M Debt Facility for AI Buildout

An AI cloud provider taps its GPU fleet as collateral for a first-ever secured debt deal to fuel global expansion. (Read more)

General Compute Secures $400M Debt for Inference Neocloud

An inference startup swaps GPUs for SambaNova chips, locking in massive debt and chip-supply guarantees to scale fast. (Read more)

Smart Mobility

Uber Acquires Delivery Hero for $14.8B Total

Uber snaps up Germany's food-delivery giant, stretching its combined rides-and-delivery footprint across nearly 100 markets worldwide. (Read more)

China's SineDrone Lands RMB 300M (~$42M) Series C Round

An autonomous heavy-truck logistics player scores fresh capital to push self-driving tech across ports and industrial corridors. (Read more)

Sheryl Sandberg Leads $10M Round in AI Vehicle-Inspection Startup 
A smartphone-camera platform that scans car damage for insurers and lenders wins backing from Meta's former COO. (Read more)

Energy Transition

Masdar Closes $5.1B Financing for UAE Baseload Project

A gigascale solar-and-battery hybrid in Abu Dhabi secures massive bank financing to deliver round-the-clock clean power. (Read more)

Giga Storage Secures $512M for Belgian Mega-Battery

Ten banks and an infrastructure fund bankroll a giant battery project designed to stabilize Belgium's power grid. (Read more)

Energyminer Raises ~$2M For River-Current Power

Modular turbines that generate electricity straight from flowing rivers get an angel-network cash boost to go commercial. (Read more)

PropTech

Spatial AI Wearable Startup Augmodo Raises $21M 
Smart badges that track retail shelves and workspaces score fresh funding, lifting the maker's valuation to $350 million. (Read more)

AI Construction Financials Startup Agave Raises $15M

A platform linking contractor finances to over a dozen ERP systems raises a Series A with Y Combinator's continued support. (Read more)

Milhaus and SRG Residential Merge Into Multifamily Platform

Two residential developers combine forces, forming a sprawling apartment platform spanning more than 20 U.S. markets. (Read more)

Defense & Aerospace

SWISSto12 Closes $70M Series C For Satellites

A profitable Swiss satellite maker adds fresh capital just weeks after securing tens of millions from European space agencies. (Read more)

Senra Systems Raises $65M Series B Round

Software-driven wire-harness manufacturing for aerospace and EVs gets a cash infusion to build out a third factory. (Read more)

Beyond Reach Labs Raises $10M Seed For Solar Arrays

Deployable satellite solar arrays win seed funding as the startup relocates to Brooklyn with over $175 million in LOIs already banked. (Read more)