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August 18, 2026 - Deals
Happy Health Secures $75 Million Funding From ARCH Venture Partners And OpenLoop For AI Smart Ring
Happy Health, an Austin-based digital health startup founded by physician Dustin Freckleton, has emerged from stealth with $75 million raised across multiple rounds to expand its AI-powered smart ring platform for at-home sleep apnea diagnosis. Its Happy Ring and Happy Sleep platform combine FDA-cleared multi-night sleep testing with virtual care, with the company planning to use the new capital to expand beyond sleep into broader home-based care.
FOUNDER: Dustin Freckleton
INVESTORS: ARCH Venture Partners & OpenLoop
AMOUNT: $75,000,000
HQ: Austin, Texas
#VentureCapital #HappyHealth #DustinFreckleton #TradedVC
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Google Acquires Business Data From Spirit Airlines For $10 MillionGoogle is acquiring internal business data from bankrupt Spirit Airlines for $10 million to support product development and AI model training. The de-identified data includes employee emails, Microsoft Teams messages, spreadsheets, calendars, and marketing, productivity and operations data, with no customer or personally identifiable information; Spirit also received a $7.5 million bid from AI data company Mercor, while a U.S. bankruptcy judge is set to consider the sale.
SALE PRICE: $10,000,000
HQ: Mountain View, California
#VentureCapital #Google #SpiritAirlines #TradedVC
Etched Raises $700 Million At $21 Billion Valuation Led By Jane Street And InvestorsEtched raised $700M at a $21B valuation in a round led by Jane Street, with participation from Kleiner Perkins, Sequoia, Andreessen Horowitz, Tiger Global, Bain Capital Ventures, Neo, Primary, Stripes, Positive Sum and Blackstone. The AI inference infrastructure company, led by co-founder and CEO Gavin Uberti, also announced Jane Street as its first customer after shipping its first rack to the quantitative trading firm, bringing Etched’s total funding to $1.9B and customer contracts to more than $1B.
FOUNDERS: Gavin Uberti, Robert Wachen & Chris Zhu
INVESTORS: Kleiner Perkins, Sequoia, Andreessen Horowitz, Soma Capital, Jane Street, Tiger Global, Bain Capital Ventures, Neo, Primary, Stripes, Positive Sum & Blackstone
AMOUNT: $700,000,000
VALUATION: $21,000,000,000
HQ: San Jose, California
#VentureCapital #Etched #GavinUberti #TradedVC