Daily Summary of AI Startup Funding News (September 27, 2025)
Recently Closed Funding Rounds
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Empower Semiconductor
- Funding Amount: $140 million
- Description: Empower Semiconductor, a developer of power-efficient AI processors, closed this funding round to enhance its product offerings.
- Read more here
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Modular
- Funding Amount: $250 million
- Description: Modular, an AI startup aiming to challenge Nvidia's dominance in the AI computing market, raised this funding to support its growth.
- Read more here
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AppZen
- Funding Amount: $180 million
- Description: AppZen, which focuses on AI-powered automation for finance, secured this funding to expand its operations.
- Read more here
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Perplexity AI
- Funding Amount: $500 million
- Description: Perplexity AI, an AI startup developing a search product to compete with Google, closed this substantial funding round to enhance its capabilities.
- Read more here
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Touring Capital
- Funding Amount: $330 million (inaugural fund)
- Description: Touring Capital has closed its inaugural fund to support AI-driven software startups.
- Read more here
Startups Currently Raising Funds
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Momenta
- Funding Amount: Seeking funds at a $6 billion valuation
- Description: Momenta is a leading Chinese driverless technology startup currently raising funds to expand its operations.
- Read more here
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Cognition AI
- Funding Amount: $400 million
- Description: Cognition AI is raising funds to enhance its coding agent, Devin.
- Read more here
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Brineworks
- Funding Amount: €6.8 million (approximately $7.95 million)
- Description: Brineworks is a cleantech startup focused on advancing low-cost carbon removal technology.
- Read more here
Summary
The AI startup funding landscape remains active, with significant rounds closed by Empower Semiconductor, Modular, and AppZen. Meanwhile, startups like Momenta and Cognition AI are currently raising substantial funds, indicating continued investor interest in AI technologies across various sectors.
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