Several tech startups — Nscale, KAST, Axiomatic AI, among others, have announced their venture capital funding to bolster innovation and business growth.
Nscale Raises $2 bn
UK-based AI infrastructure hyperscaler Nscale announced a $2 billion Series C funding round, valuing the company at $14.6 billion. The round was led by Aker ASA and 8090 Industries, with participation from Astra Capital Management, Citadel, Dell, Jane Street, Lenovo, Linden Advisors, Nokia, NVIDIA, and Point72. Nscale is developing vertically integrated AI infrastructure, combining GPU compute, networking, data services, and orchestration software to support enterprise-scale artificial intelligence deployment. The funding will accelerate the global rollout of AI data centers and computing capacity across Europe, North America, and Asia. As AI demand surges, Nscale aims to address infrastructure bottlenecks and provide scalable platforms for high-performance AI workloads.
KAST Raises $80 mn
Global fintech platform KAST, founded by former Circle executive Raagulan Pathy, raised $80 million in Series A funding to expand its stablecoin-powered financial infrastructure. The platform enables global payments, financial services, and digital asset transactions built directly on stablecoin rails. The investment was backed by venture capital investors and strategic fintech partners aiming to accelerate adoption of blockchain-based financial services. The funding will support platform development, regulatory compliance capabilities, and international market expansion. Strategically, KAST aims to move stablecoins from backend financial infrastructure into mainstream consumer and enterprise financial services, providing faster, borderless payment capabilities and programmable financial products for the next generation of digital banking.
Axiomatic AI Raises $18 mn
Axiomatic AI, founded by Dirk Englund and Jake Taylor, raised $18 million in seed funding to develop an AI platform designed for scientific and engineering verification. The round was backed by Engine Ventures, Kleiner Perkins, and Big Sur Ventures. The company is building an infrastructure layer that combines frontier AI models with formal mathematical verification and physics-based reasoning. Strategically, the funding supports development of trustworthy AI tools for complex hardware engineering, semiconductors, and advanced manufacturing. The platform aims to enable engineers to design, simulate, and validate systems using AI while ensuring reliability and interpretability in mission-critical technology environments.
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