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Funding 2026-05-20

Armada raises $230M for modular AI data centers

Armada is selling deployable AI infrastructure for ships, energy sites and remote industrial operations.

#AI data centers#AI infrastructure
Anthropic 2026-05-20

Anthropic buys Stainless, the SDK layer behind AI APIs

Anthropic is taking control of an SDK generator used across the AI industry as agents push models deeper into software systems.

#Acquisitions#AI developer tools#Claude
Google 2026-05-20

Google’s Gemini Spark costs $100/month, connects 11 SaaS platforms

Google I/O 2026 introduces Gemini Spark, a 24/7 AI agent with its own Gmail address, priced at $100/month and integrated with 11 SaaS services via MCP.

#Gemini#Agent#AI Assistant
Google 2026-05-20

Gemini 3.5 Flash beats GPT-5.5 in agentic benchmarks, costs just $1.5

Google's Gemini 3.5 Flash outperforms GPT-5.5 on agentic benchmarks while being dramatically cheaper, and becomes the default model across Gemini app and Search.

#Gemini#AI Coding#Agent
Funding 2026-05-20

Moment raises $78M to build an AI operating system for wealth managers

Index Ventures led the Series C less than a year after Moment’s prior round, as assets on the platform grew from $300B to more than $10T.

#AI agents#Financial AI#Enterprise AI
Legal AI 2026-05-19

Lexroom raises $50M for civil-law legal AI

The Milan startup is building legal AI around verified civil-law data rather than common-law precedent, with more than 8,000 firms using the product.

#Lexroom#European AI#startup funding
Mistral 2026-05-19

Mistral acquires Vienna physics simulation startup Emmi

Mistral AI has acquired Emmi AI, a 30-person Vienna-based startup specializing in physics simulation neural networks, marking its second acquisition in three months.

#European AI#Emmi AI#Industrial AI
Elon Musk 2026-05-19

Jury Rejects Musk's $134 Billion Claim Against OpenAI

A federal jury in Oakland dismissed Elon Musk's $134 billion lawsuit against OpenAI, ruling that the statute of limitations had expired.

#OpenAI#Law#Sam Altman
River AI 2026-05-19

xAI Co-Founder Igor Babuschkin Launches River AI, Targets $1B at $5B Valuation

Igor Babuschkin, co-founder of xAI, is raising $1 billion for his new AI research startup River AI at a $5 billion valuation, with General Catalyst leading the round.

#Igor Babuschkin#xAI#General Catalyst
Decart 2026-05-19

Israeli AI Startup Decart Raises $300M, Backed by Karpathy and Nvidia

Decart announced a $300 million funding round at a $4 billion valuation, with participation from Nvidia and angel investor Andrej Karpathy.

#World models#AI Infrastructure#NVIDIA
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