15 August 2026

SF-based Vals, which develops evaluations and benchmarks to test AI models on real-world tasks, raised a $40M Series A led by a16z at a $400M valuation (Abhinaya Prabhu/Tech Funding News)

Abhinaya Prabhu / Tech Funding News:
SF-based Vals, which develops evaluations and benchmarks to test AI models on real-world tasks, raised a $40M Series A led by a16z at a $400M valuation  —  - Vals AI raised $40 million in a Series A round at a $400 million valuation.  — Revenue has grown eightfold since 2025 …

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Effective Altruism, hit by the SBF turmoil, is drawing record funding as Anthropic and OpenAI IPOs are set to mint new millionaires wedded to "effective giving" (Financial Times)

Financial Times:
Effective Altruism, hit by the SBF turmoil, is drawing record funding as Anthropic and OpenAI IPOs are set to mint new millionaires wedded to “effective giving”  —  Expected IPOs for Anthropic and OpenAI are set to mint a new generation of philanthropists wedded to ‘effective giving’

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Point2 Technology, which develops RF-based data center interconnection tech, raised a $136M Series B from LB Investment, Arm, Maverick Silicon, and others (Giacomo Lee/SDxCentral)

Giacomo Lee / SDxCentral:
Point2 Technology, which develops RF-based data center interconnection tech, raised a $136M Series B from LB Investment, Arm, Maverick Silicon, and others  —  Data center interconnect disruptor Point2 Technology celebrates Series B success  —  AI data center interconnect specialist Point2 …

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Sources: China plans to soon lift a travel ban on Manus founders as the company unwinds its $2B acquisition by Meta; CEO Xiao Hong plans to return to Singapore (Zijing Wu/Financial Times)

Zijing Wu / Financial Times:
Sources: China plans to soon lift a travel ban on Manus founders as the company unwinds its $2B acquisition by Meta; CEO Xiao Hong plans to return to Singapore  —  Chief executive Xiao Hong plans to return to Singapore as AI company nears resolution of Meta separation

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Sources: Uber and Rapido discussed merging their India ride-hailing operations in May; talks collapsed after disagreements over the proposed deal's structure (The Economic Times)

The Economic Times:
Sources: Uber and Rapido discussed merging their India ride-hailing operations in May; talks collapsed after disagreements over the proposed deal's structure  —  Uber and Rapido discussed merging their India ride-hailing operations in May, sources told us.  Talks collapsed after disagreements over the proposed deal's structure.

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