Issue #119 • July 3, 2026
Hi Seedradar Squad! OpenAI just pulled a historic geopolitical policy maneuver, proposing an equity donation to a new US sovereign wealth fund. Meanwhile, Joulent locked down a capital injection from National Grid to violently overhaul and modernize software grids.
Down at the specialized silicon and deployment layers, Microsoft just spun out a dedicated deployment powerhouse backed by billions in capital, while hardware startups like Etched are emerging from stealth with massive war chests to manufacture specialized transformer chips that bypass the current compute bottleneck entirely.
Energy infrastructure startup Joulent secured a massive $1.75 billion strategic minority investment from National Grid.
The funding will accelerate the modernization of grid software to support high-density AI data center power deployment demands.
OpenAI proposed donating 5% of its equity to a newly formed US sovereign wealth fund to secure national compute infrastructure.
💰 Snapshots: What Else Is Happening?
• Together AI secured $800 million in Series C financing to scale its AI Native Cloud infrastructure. The capital will expand global data center capacity for running open-source models at a fraction of hyperscaler costs. - Read More
• Microsoft launched its own dedicated AI deployment company, backing the venture with a massive $2.5 billion capital commitment. - Read More
• Etched officially launched from stealth with $800 million in total funding to manufacture specialized transformer chips. The San Jose-based startup aims to drastically cut down the cost and energy required to serve advanced AI models at scale. - Read More
• The Trump administration dropped severe export control restrictions previously placed on Anthropic’s advanced Mythos and Fable AI models. The move allows Anthropic to resume global enterprise distribution immediately under an updated data security compliance framework. - Read More
• Celea Therapeutics secured $180 million in a new financing round to advance its clinical pipeline. The funding will accelerate the development of its AI-driven precision medicine therapies for complex autoimmune diseases. - Read More
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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.
