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More than $1.77 billion in newly announced venture-equity financing flowed into financial technology, artificial intelligence, defense manufacturing, battery materials, and enterprise automation over the past 24 hours. Kalshi led the day’s funding announcements with a $1 billion Series G at a $40 billion valuation, while Canadian AI startup Cohere announced the initial closing of a much larger financing initiative targeting up to C$7 billion. The two transactions reveal different forms of investor conviction: one in expanding financial markets, the other in building an AI company that can compete globally outside the United States and China. Industrial technology also attracted substantial…
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