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February 27, 2026 - Deals
Flux Secures $37 Million In Series B Funding Led By 8VC And Bain Capital Ventures
Flux is the world’s first AI hardware engineer, recently raising $37M in new funding, including a $27M Series B led by 8VC and a previously unannounced $10M Series A with participation from investors such as Bain Capital Ventures, Liquid 2 Ventures, and Outsiders Fund. Led by CEO Matthias Wagner, Flux transforms hardware design through agentic AI—enabling users to design PCBs with natural language prompts while understanding schematics, layouts, and component constraints in real time. Inspired by the impact of AI tools in software like Devin and Claude Code, Flux makes professionals 10x faster and empowers non-engineers to build hardware products. With over 1 million sign-ups and 6 million+ projects created, Flux is driving a new era of AI-native hardware design.
FOUNDERS: Matthias Wagner & Lance Cassidy
INVESTORS: 8VC, Bain Capital Ventures, Liquid 2 Ventures & Outsiders Fund
ROUND: Series B
AMOUNT: $37,000,000
HQ: San Francisco, California
#VentureCapital #Flux #MatthiasWagner #TradedVC
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Colossal Biosciences In Talks For Funding Round Targeting $23 Billion ValuationColossal Biosciences, the de-extinction biotech startup known for its efforts to recreate the woolly mammoth and other extinct species, is reportedly in talks to raise new funding at a valuation of roughly $23 billion–$24 billion, according to Axios. The potential raise would mark a significant jump for the five-year-old company, with investors valuing not only its genetic-engineering programs but also its broader genomics, reproductive technology, conservation, and intellectual property platform. Colossal has begun generating revenue through conservation technology sales and technology spinouts, including Astromech, an AI-driven predictive modeling company, and Form Bio, a computational biology platform, expanding its value beyond de-extinction efforts.
FOUNDERS: Ben Lamm & George Church
TARGET VALUATION: $23,000,000,000
HQ: Dallas, Texas
#VentureCapital #ColossalBiosciences #BenLamm #GeorgeChurch #TradedVC