Venus Aerospace Raises $90 Million In Series B Funding Led By Mercury Fund

Venus Aerospace, a hypersonics and propulsion company founded in 2020 by CEO Sassie Duggleby and CTO Andrew Duggleby, has raised a $90 million Series B funding round led by Mercury Fund, with participation from Lockheed Martin Ventures, MESH, PEAK6, Draper Associates, Starboard Star Venture Capital, and Green Sands Equity. The funding will support further testing and development of the company’s Rotating Detonation Rocket Engine (RDRE), an advanced propulsion system that recently became the first of its kind to launch a rocket into flight. Following strong interest from defense and space customers after a successful engine demonstration, Venus has shifted its focus toward hypersonic weapons and high-speed space vehicles, aiming to translate its propulsion technology into operational defense and space systems. FOUNDERS: Sassie Duggleby & Andrew Duggleby INVESTORS: Mercury Fund, Lockheed Martin Ventures, MESH, PEAK6, Draper Associates, Starboard Star Venture Capital & Green Sands Equity ROUND: Series B AMOUNT: $90,000,000 HQ: Houston, Texas #VentureCapital #VenusAerospace #SassieDuggleby #AndrewDuggleby #TradedVC

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Mercor In Talks To Raise $20 Billion Following Deeptune Acquisition And Revenue GrowthMercor, an AI training startup, is reportedly in early discussions to raise a new funding round at a $20 billion valuation. The potential valuation would double the company’s $10 billion valuation from October 2025, when it raised a $350 million Series C round. Founder and CEO Brendan Foody recently stated that Mercor’s annualized revenue run rate has surpassed $2 billion, representing 100% growth in just four months. The company also announced the acquisition of Deeptune, an AI agent training firm, with the entire Deeptune team joining Mercor. The strong revenue growth, acquisition activity, and prospective funding round suggest Mercor is continuing to expand despite challenges earlier this year, including a data breach and legal disputes involving contract workers. FOUNDER: Brendan Foody AMOUNT: $20,000,000,000 HQ: San Francisco, California #VentureCapital #Mercor #BrendanFoody #TradedVC

Klinic Secures $24 Million In Seed And Series A Funding From Proofpoint Capital And I2BF Global VenturesKlinic, an AI-enabled specialty care access platform, has raised $24 million in combined seed and Series A funding to expand its provider network, enhance its AI-powered platform, and grow its life sciences partnerships. The round was co-led by Proofpoint Capital and I2BF Global Ventures, with representatives from both firms joining Klinic’s board. Founded and led by CEO Avish Bhama, Klinic helps patients navigate the often complex specialty care journey by using artificial intelligence and workflow automation to streamline provider matching, insurance verification, prior authorizations, patient communications, and pharmacy coordination. The company has already supported more than 150,000 patients and aims to make specialty care access faster, more connected, and more affordable. FOUNDER: Avish Bhama INVESTORS: Proofpoint Capital & I2BF Global Ventures ROUND: Seed & Series A AMOUNT: $24,000,000 HQ: Dallas, Texas #VentureCapital #Klinic #AvishBhama #TradedVC