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Features
Google Vows to Replenish More Water Than Data Centers Consume by...
Google has announced a suite of water stewardship commitments designed to outpace its data center consumption by 2030. Operating 165 projects across 97 watersheds, the tech giant aims to replenish more than 19 billion gallons of water annually. This target is more than double its 2024 consumption footprint, translating to enough water to supply Los Angeles for over 40 days...
Markets & Trends
AI Coding Startup Cognition Raises Over $1 Billion at $26 Billion...
Enterprise usage of autonomous cloud agents has grown more than tenfold since the start of the year, propelling AI coding startup Cognition to a $26 billion valuation. The company recently finalized a capital raise of more than $1 billion led by Lux Capital, General Catalyst, and 8VC, alongside backers like Founders Fund and Ribbit Capital...
Strategy
Mistral Launches Vibe Platform to Pivot From Chatbots to Autonomous Enterprise...
Mistral AI is making a bigger push to become Europe’s full-stack answer to the U.S. AI giants. The three-year-old French startup has launched Vibe, an enterprise agent platform, while also expanding into industrial physics simulation and committing €4 billion to new data center infrastructure across France and Sweden...
Capital & Transactions
Corgi Raises $106 Million Weeks After Becoming a Unicorn
AI insurance startup Corgi has raised $106 million in a Series B1 round that doubled its valuation to $2.6 billion just weeks after it became a unicorn. The round, led by TCV with participation from existing backers including Kindred Ventures and Prime Capital, followed a $160 million Series B in late April that valued the two-year-old company at $1.3 billion. CEO Nico Laqua told Forbes the new capital was not solicited by the company, but came after existing investors asked to increase their stakes...
Health & Wellness
Innovaccer Acquires CaduceusHealth for $66M as It Expands Into Medical Billing
Innovaccer is using its fifth acquisition in two years to move deeper into one of healthcare’s most expensive administrative problems. The healthtech unicorn has acquired medical billing company CaduceusHealth for about $66 million, adding revenue cycle management capabilities to its healthcare data platform. CaduceusHealth works with about 4,000 U.S. healthcare providers and handles nearly $5 billion in annual medical billing, according to The Economic Times...
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