Issue #58 • December 5, 2025
Hi Seedradar Squad! This week, major capital is rewriting the rules of AI infrastructure. Eon secured a massive funding round to transform dormant cloud backups into active training fuel, proving that legacy data is a goldmine waiting to be tapped.
Simultaneously, the hardware wars escalated as Marvell announced a blockbuster acquisition, betting big that optical interconnects are the key to scaling the next generation of AI clusters. Plus, we break down a flurry of new activity in autonomous agents, health tech, and next-gen storage!
☁️ Cloud Backup Startup Eon Emerges with $300M Series D at $4B Valuation
Eon has raised $300 million in a round led by Elad Gil, valuing the cloud infrastructure company at $4 billion. Eon's platform makes legacy backup data instantly searchable and usable for AI training without needing full restoration.
This technology addresses a critical bottleneck for enterprises, turning dormant "cold" data stored in backups into active assets for generating intelligence and training large language models.
🤝 Marvell Acquires Celestial AI for $3.25 Billion to Dominate Optical Interconnects
Marvell Technology has agreed to acquire Celestial AI for $3.25 billion to secure its Photonic Fabric technology. This move is critical for next-generation data centers, as optical interconnects are needed to handle the massive data flow between AI chips.
The acquisition positions Marvell as a leader in the infrastructure required to scale AI clusters beyond the limitations of copper cabling, enabling faster and more efficient training of massive models.
💰 Snapshots: What Else Is Happening?
• Curative raised $150 million in Series B funding, hitting a $1.275 billion valuation for its employer-sponsored health insurance model. The startup offers plans with zero out-of-pocket costs for members who complete a comprehensive annual preventive health visit. - Read More
• Salesforce reported that its Agentforce platform generated a 330% year-over-year increase in revenue, hitting $1.4 billion in annual recurring revenue. The company raised its full-year guidance, signaling strong enterprise adoption of its autonomous AI agents. - Read More
• Angle Health secured $134 million in Series B funding to scale its tech-enabled health insurance platform for startups and small businesses. Led by Portage, the round supports Angle's mission to digitize the enrollment and claims experience for the SMB market. - Read More
• Mistral AI officially released the Mistral 3 family of models, including a powerful "Mistral Large 3" with 41 billion active parameters. The new models utilize a Mixture-of-Experts (MoE) architecture to deliver frontier-level performance with greater efficiency. - Read More
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💼 Join the Revolution: Hot Startup Jobs!
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Disclosure: Seedradar Ventures and/or its general partner may hold investments in some of the companies mentioned in this newsletter. This content is provided for informational purposes only and should not be considered investment advice.
