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INVESTORS AND FUNDING
Lithuania’s Biomatter raises $18M for AI enzyme design
Astanor led the oversubscribed round for the Vilnius startup, whose AI enzyme design work counts AstraZeneca, BASF and Sanofi as customers. The money pays for a new lab and a bigger US push.
INVESTORS AND FUNDING
Nscale’s debt hits $5.5bn as it leans harder on Nvidia ahead of its IPO
Nscale’s IPO filing shows its Anthropic campus alone needs at least $30bn more. Nvidia’s share of its convertible financing is $2bn, twice what was first disclosed.
CORPORATES AND INNOVATION
HubSpot brings back co-founder Brian Halligan as CEO to ‘refound’ it
Brian Halligan told Bloomberg he does not want HubSpot “swallowed up by a private equity firm”. Its shares have halved this year, and Adobe’s Karen Burgess will become finance chief.
CARS
EV makers aren’t counting on Democrats to revive tax credits, CNBC says
The chiefs of Rivian, Lucid and Scout Motors say they would welcome federal help but are not planning around it.
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