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The Daily Deal

Friday 13 November 2026

Nebius revenue up 571%, shares fall 23%

Also: Banks insure AI data-centre loans to lend past their limits

Chart of the day

Open the chart
Olympiad medalists have founded 53 companies worth $1.7T combined. Founders among IMO, IOI and IPhO medalists, by startup valuation.

54 medalists from the maths, informatics and physics olympiads founded 53 companies, 20 of them unicorns. OpenAI, at $1.3T, is most of the $1.7T combined value; Databricks ($190B), Cursor ($60B) and Cognition ($48B) follow. Medals are checked against the official IMO, IOI and IPhO results. The page also names future founders among the 250 most decorated medalists.

Just raised

All funding news
  • Q-CTRLSydney$290M Series C

    We make quantum technology useful. Led by Salesforce Ventures.

  • FortsenseShenzhen$55M Series C

    SPAD-SoC and solid-state LiDAR receiver chips for automotive and industrial 3D sensing. Backed by Huarui Century Project Investment (Nanjing) and Jingce Electronic / 精测电子.

  • Mount ThorMill Valley$45M Series A

    Dedicated Apple Silicon infrastructure for AI applications. Backed by Chad Byers and Conviction.

By country

  • US$3.6B
  • UK$1.1B
  • China$696M
  • Australia$316M
  • Germany$185M
  • Israel$150M

By sector

  • Health$1B
  • Enterprise$1B
  • Energy$977M
  • Semiconductors$860M
  • Recruitment$750M
  • Fintech$701M

$6.9B across 219 rounds reported in the last 7 days, by headquarters and by sector.

Just acquired

All deal news
  • PelagonParis

    Acoustic AI for real-time underwater surveillance.

    ADGBAymeric De Pontbriand & Gauthier Bouxin founded it. Pontbriand previously founded Scortex. Bouxin worked at McKinsey & Company.

  • erndSan Francisco$130K raised

    The credit card for companies that pay for AI, with 4% back on AI spend.

    CDNRMWConnor Dawson, Nikhil Ruia & Malcolm Wengel founded it. Dawson worked at Bridgewater Associates. Ruia worked at Ripple and Penn Labs.

Talent moves

All talent moves
  • ML

    Melissa Landon joined Dalton Tx from MilliporeSigma

    Chief Commercial Officer

  • UT

    Urvashi Tyagi joined Cognito Therapeutics from Resmed

    Chief Technology Officer

  • SK

    Steve Kelley joined Expel from WillJam Ventures

    Chairman and Chief Executive Officer

AI and tech

Markets and policy

Investors

Upcoming events

All events
  • Bengaluru Tech SummitBengaluru17–19 Nov

    The Karnataka government's technology summit, now in its 29th edition, with more than 1,600 exhibitors and a dedicated startup programme that makes it India's largest tech trade event.

  • Singapore FinTech FestivalSingapore18–20 Nov

    The Monetary Authority of Singapore's fintech festival, expecting over 70,000 participants, and the largest single gathering of financial services and fintech decision-makers in Asia.

  • SlushHelsinki18–19 Nov

    The world's most founder-focused startup event — 13,000 attendees in the Helsinki winter dark.

  • AWS re:InventLas Vegas30 Nov – 4 Dec

    Amazon Web Services' developer conference, five days of product launches and technical sessions for more than 50,000 attendees, and the point at which AWS sets its AI and cloud roadmap for the year.

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