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July 16, 2026 - Deals

Cytronic Secures $13.5 Million Seed Funding Led By Slow Ventures For Automated Fulfillment Network

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Cytronic, a robotic fulfillment company founded by Kevin Gibbon and Scott Moen, has raised $13.5 million in seed funding led by Slow Ventures, with participation from Geek Ventures, Failup Ventures, Alumni Ventures, Spacecadet Ventures, Weekend Fund, Mana Ventures, Script Capital, and others. The company is building an automated fulfillment network for direct-to-consumer brands, combining robotics hardware and proprietary software to reduce fulfillment costs, speed up deliveries, and help ecommerce companies scale without investing in warehouse infrastructure. Gibbon previously founded Shyp and Airhouse, where he shipped more than 10 million packages and identified the growing complexity and cost of fulfillment as brands expand. FOUNDERS: Kevin Gibbon & Scott Moen INVESTORS: Slow Ventures, Geek Ventures, Failup Ventures, Alumni Ventures, Spacecadet Ventures, Weekend Fund, Mana Ventures, Script Capital, Adam Nash & Gokul Rajaram ROUND: Seed AMOUNT: $13,500,000 HQ: San Francisco, California #VentureCapital #Cytronic #KevinGibbon #ScottMoen #TradedVC

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Wafer Secures $40 Million In Series A Funding At $200 Million ValuationSan Francisco-based Wafer raised $40 million in Series A funding at a $200M+ valuation, bringing its total funding to $44.5 million. Founded by Emi Andere and Steven Arellano, Wafer sells fast inference for open-source LLMs, using AI agents to continuously optimize GPU kernels based on workload traffic and performance constraints. The round included Marathon, Chemistry, Wing, Fifty Years, Outset Capital, Y Combinator and AMD Ventures. FOUNDERS: Emilio Andere (@EmiAndere) & Steven Arellano (@_StevenArellano) INVESTORS: Marathon, Chemistry, Wing, Fifty Years, Outset Capital, Y Combinator & AMD Ventures ROUND: Series A AMOUNT: $40,000,000 VALUATION: $200M+ HQ: San Francisco, California #VentureCapital #Wafer #EmilioAndere #TradedPartner #TradedVC