Fervo Energy has secured $462 million in a funding round that includes participation from Google. The funding will help Fervo continue development of a 500-megawatt power plant in Utah and begin development of additional projects to meet rising energy demand from data centers. Fervo's enhanced geothermal technology, which uses techniques from the oil and natural gas industry, has reduced well-drilling times and costs.

Boom Supersonic has raised $300 million to commercialize its Superpower stationary turbine, with Crusoe as the first customer. Crusoe will purchase 29 turbines for $1.25 billion to generate 1.21 gigawatts for data centers.

Fal, a startup specializing in multimodal AI infrastructure, has raised $140 million in Series D funding, raising its valuation to $4.5 billion. The company, founded in 2021, has surpassed $200 million in revenue and counts Adobe, Shopify, Canva and Quora as clients.

Bobyard, a San Francisco-based provider of an AI platform for construction takeoffs and estimates, has raised $35 million in Series A funding. The company plans to use the funds to enhance its AI models, expand into trades such as electrical and plumbing, and grow its engineering and go-to-market teams.

Senate Banking Republicans sent Democrats a three-page compromise offer on landmark digital asset market structure legislation, outlining 38 concessions in exchange for preserving or modifying 32 key GOP-backed sections. Senate Democrats reportedly met Monday to discuss the offer. Meanwhile, some Republican senators favor moving ahead without support from the Democrats.

AI is projected to create trillions of dollars in enterprise value by 2026, with significant opportunities in drug discovery, autonomous systems and customer service, according to PitchBook. However, PitchBook also notes overheating in certain segments.

The initial public offering of Meesho, an ecommerce marketplace, illustrates enthusiasm for the sector in India. Meesho was previously valued at $5 billion after a private funding round in 2021.