Daily Funding Roundup:
May 6, 2026
AI infra and chip rerating. Corgi hit $1.3B on $160M Series B, four months after its Series A. RadixArk launched with $100M seed at $400M for SGLang inference. Samsung crossed $1T on HBM demand. Hut 8 signed a $10B AI data center lease in Texas. AMD lifted its server-CPU TAM guide to 35%+ growth and the S&P closed at a fresh record 7,365.
Rounds
AI-native business insurance carrier Corgi raised $160M Series B at a $1.3B post-money valuation led by TCV, with Kindred Ventures, Leblon Capital, and First Order Fund. The company became a unicorn just four months after its $108M combined seed-and-Series A in January. Founded in 2024 through YC S24 by Nico Laqua (CEO and CTO) and Emily Yuan (COO), Corgi underwrites general liability, cyber, and tech/AI liability for startups end-to-end with AI agents. Total raised: $268M.
RadixArk launched out of stealth with a $100M seed at $400M post-money, co-led by Accel and Spark Capital. The company commercializes SGLang, an open-source LLM inference engine created by co-founder and CEO Ying Sheng in 2023 that already serves trillions of tokens daily for Google, Microsoft, Nvidia, Oracle, AMD, Nebius, LinkedIn, xAI, and Thinking Machines. The cap table reads like a tour of AI infrastructure: NVentures, AMD, MediaTek as strategics, plus angels Igor Babuschkin (xAI), Lip-Bu Tan (Intel CEO), Hock Tan (Broadcom CEO), John Schulman (Thinking Machines), and Soumith Chintala (PyTorch creator).
Princeton-based spatial biology company Kanvas Biosciences raised $48M Series A co-led by DCVC and Lions Capital (both existing investors). The Gates Foundation joined alongside ATHOS KG, Germin8, Ki Tua Fund, Pangaea Ventures, FemHealth Ventures, Triple Impact Capital, and Uncommon Denominator. Lead candidate KAN-001 is a live biotherapeutic for solid-tumor patients who do not respond to immune checkpoint inhibitors. Spinout from Cornell, founded 2020 by CEO Matthew Cheng. Total raised: $78M.
London AI-powered expert network Ethos raised $22.75M Series A led by Andreessen Horowitz, with General Catalyst, XTX Markets, Evantic Capital, and Common Magic. The platform uses voice-led conversational interviews to capture expert knowledge in detail, serving hedge funds, PE firms, foundational AI labs, and consulting firms. Roughly 35,000 experts joining weekly with the company on track for eight-figure ARR. Founded 2024 by James Lo (ex-McKinsey, SoftBank) and Daniel Mankowitz (ex-DeepMind).
Also Noted
Berlin AI-powered satellite geospatial intelligence platform LiveEO closed the first tranche of a growth round at €28M (~$33M) with Helantic, b2venture, and the European Innovation Council. Existing backers Nordic Ninja, DTCF, Matterwave, MMC, Segenia, and Greencode followed on. Building the proprietary Twinspector satellite constellation at up to 35cm stereo resolution while expanding from infrastructure monitoring (power lines, railways, pipelines) into defense and security customers.
AI commerce platform District raised $14.7M seed co-led by Andreessen Horowitz and Kindred Ventures, with Greylock, SV Angel, 20VC, and angels Maria Raga (ex-Depop), Gokul Rajaram, and ex-Snap execs Peter Sellis and Imran Khan. The Snap-alumni team (Eddie Koai, Patrick Mandia, Khoi Tran) builds no-code marketplace infrastructure with integrated live video, chat, and payments. 1,000+ businesses onboarded; case studies include NikNax ($5M GMV in 2025) and Stacked Golf ($150K/week).
News & Signals
Samsung crosses $1T market cap on HBM demand, Kospi tops 7,000
Samsung shares rallied 14% on Wednesday on AI memory (HBM) demand, lifting the Kospi over 7,000 for the first time. Samsung becomes only the second Asian company after TSMC to hit the $1T market cap milestone. The rally captured the broader market view that AI capex is being underwritten not just by US hyperscaler capex commitments but by tight global HBM supply, with Korean and Taiwanese fabs as the structural choke point.
Hut 8 signs ~$10B / 15-year AI data center lease in Texas, stock +30%
Hut 8 announced a roughly $10B, 15-year AI data-center lease for the Beacon Point campus in Texas: 352 MW Phase 1 with an undisclosed tenant, total contract value potentially reaching $25.1B with renewals and $655M annual revenue once operational. Powered up early 2027. Shares surged 30%+ in premarket. Combined with the SAP/Prior Labs deal yesterday and Sierra's $15.8B mark on Monday, the AI capex pipeline is now being prebooked years into the future at a scale that makes the 2024 ChatGPT moment look quaint.
AMD Q1 blowout: Lisa Su lifts server-CPU TAM to 35%+ annual growth
AMD reported Q1 revenue of $10.3B. CEO Lisa Su raised the long-term server CPU TAM guide to 35%+ annual growth through end of decade (up from 18% prior), citing agentic AI inference workloads as the driver. Doubles the 2030 server CPU TAM to $120B+. Triggered a broader chip stock rally Wednesday and contributed to the S&P 500's record close. Combined with Samsung HBM, the message is consistent: the chip supply chain is repricing for a much steeper AI demand curve.
Anthropic ships 10 finance agents and Claude Opus 4.7 with $1.5B distribution JV
Anthropic officially briefed in New York Tuesday and the news dominated Wednesday's cycle. Ten new financial-services agents shipped with Microsoft 365 integration (Excel, PowerPoint, Word; Outlook coming) and a Moody's data partnership. Separately announced a $1.5B JV with Blackstone, Hellman & Friedman, and Goldman Sachs to distribute the agents across financial institutions. JPMorgan's Jamie Dimon attended the demo. With the $900B board round expected to close in three weeks, Anthropic is closing the distribution loop before the print.
S&P 500 closes at fresh record 7,365 (+1.46%)
Rally driven by reports the US and Iran are nearing an agreement to end the conflict and continued AI chip enthusiasm. Nasdaq also at record. Project Freedom remains paused; Defense Secretary Hegseth confirmed the US-Iran ceasefire holds; oil prices fell about 4% Tuesday (Brent $109.87, WTI $102.27). The 'ceasefire holds' narrative is what's pushing risk assets higher.
VC Mood on X
Sentiment was dominated by the Samsung $1T plus AMD blowout plus S&P record trifecta. VC X leaned aggressively bullish on the AI infrastructure trade. Hut 8's $10B Texas data center lease was treated as further confirmation that the AI capex cycle has years left, not months. Chip and power-shell deals are now the macro story, not the micro one. Combined with SAP/Prior Labs yesterday and Sierra's $15.8B mark Monday, the pipeline is now being prebooked years into the future.
On the venture side, the day was a textbook example of concentration at the top. Corgi went from Series A to unicorn in four months. RadixArk launched out of the gate at $400M post-money on a $100M seed with a cap table that reads like a tour of AI infrastructure. Anthropic was openly displacing entire pitchbook workflows live in front of Jamie Dimon. The takeaway VCs kept hammering: if you are building defensible infrastructure (inference engines, AI-native verticals like insurance, satellite constellations, microbiome therapeutics), term sheets are bigger and faster than at any point in this cycle. If you are not, you are back to begging.
There was also a clear undercurrent of "the rich get richer" anxiety. a16z led both Ethos and co-led District on the same day. Kindred Ventures was on Corgi's Series B and District's seed. Accel plus Spark plus Nvidia all stacked on RadixArk. Emerging-manager Twitter spent the day debating whether $400M post on a seed is rational pull-forward of the AI infra wave or peak-cycle behavior. The consensus by close: rational this week, dangerous in 12 months.
Rounds and signals sourced from SEC filings, press releases, and verified news reports. All amounts in USD unless noted. Reporting reflects information available at time of publication.