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The Lead
Robotics business Field AI brings in $405M in funding
Field AI, which develops models to control robots, has raised $405 million in two funding rounds, attracting investors including Nvidia's venture capital arm. The funding values the Irvine, Calif.-based company at $2 billion as it aims to meet growing customer demand and expand its workforce. Field AI operates across various sectors including logistics, energy and constrution.
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Capital Call
Databricks reaching $100B+ valuation in new funding round
Databricks is raising more than $1 billion in a round that values the company at more than $100 billion. CEO Ali Ghodsi says the funding will be used to invest in products, including to develop databases focused on AI agents.
Eight Sleep brings in $100M for AI-powered sleep tech
Eight Sleep has raised $100 million from investors to expand its AI-powered sleep technology. The company, which offers smart mattresses and health-monitoring capabilities, plans to use the funds to accelerate growth in the medical sector and expand internationally, including into China.
TinyFish raises $47M to grow AI-powered agents
AI startup TinyFish has raised a Series A round worth $47 million. TinyFish, which focuses on automating online tasks for enterprises, plans to scale its AI-powered web agents, particularly in the retail and travel sectors.
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Inside the Beltway
Fed's Bowman calls for embrace of AI, cryptocurrency
Federal Reserve Governor Michelle Bowman has emphasized the need for regulators and banks to recognize the importance of technologies such as AI and cryptocurrency to maintain the banking system's relevance. Speaking at the Wyoming Blockchain Symposium, Bowman addressed her intent to limit regulatory scrutiny related to reputational risk, highlighted the potential of technology and suggested that regulators should facilitate the integration of new technology into the banking system. "Change is coming," Bowman said.
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From Pitchbook
Key trends in the crypto funding space
Venture capital funding for cryptocurrency startups declined 55% in the second quarter, dropping to a multi-year low. However, the seed and early-stage rounds saw new highs in terms of median deal sizes and valuations.
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View from Abroad
Round brings in $30M for Keychain
Keychain has raised $30 million to expand its India-based team and drive Noth American expansion. Keychain aims to double its Gurugram team to 70 members soon and 100 within a year. Keychain's platform is used by retailers and consumer packaged goods brands to find manufacturing partners.

Corporate Venture Capital
South Korea-based AI business Upstage raises $45M
South Korean AI startup Upstage secured $45 million in a funding round featuring Amazon and AMD as investors. The funding will accelerate Upstage's model development and expansion in the US and Asia-Pacific. Upstage will use Amazon Web Services as its cloud provider as part of the deal.
Accounting startup Ember acquired by Starling Bank
Starling Bank has acquired British accounting software startup Ember, and it will use the deal to provide tax and bookkeeping tools for small businesses.