## Arbor Energy's Innovative Power Generation

Founded by former SpaceX employees, Arbor Energy has secured **$55 million** in funding to develop technology that generates **always-available, carbon-free electricity**. This breakthrough aims to power the growing demands of **artificial intelligence data centers**.

### How the Technology Works

Arbor's system utilizes **rocket-inspired technology** that combusts natural gas or biomass with a stream of oxygen. This process creates **supercritical carbon dioxide**—CO2 in a fluid state—which spins a turbine to produce electricity. Crucially, the **CO2 is captured and stored**, making the process environmentally friendly.

![Arbor's system uses natural gas or biomass to generate electricity.](Photo courtesy of Francesca Forquet.)

Founded by SpaceX alumni, Arbor Energy’s technology runs on natural gas and uses carbon capture.

Ex-SpaceX Team's Rocket Tech Powers AI Data Centers with Clean Energy

## LangChain's Unicorn Journey

LangChain has officially achieved **unicorn status** with a massive $125 million Series B funding round, valuing the company at an impressive **$1.25 billion**. This milestone was announced on October 21, 2025, confirming earlier reports from July 2025 that the startup was on track to become a unicorn.

![Unicorn Evergreen](https://techcrunch.com/wp-content/uploads/2024/08/unicorns-evergreen_720.jpg?w=720)
*Image Credits: Bryce Durbin*

### The Funding Details

The funding was led by **IVP**, with new investors **CapitalG** and **Sapphire Ventures** joining the round. Existing investors, including **Sequoia**, **Benchmark**, and **Amplify**, also participated, showcasing strong confidence in LangChain's vision and growth.

### From Open Source Project to AI Powerhouse

Founded in 2022 by machine learning engineer **Harrison Chase**, LangChain started as an **open-source project** designed to simplify building applications with large language models (LLMs). It quickly addressed key challenges like web searching, API calls, and database interactions, making it a favorite among developers.

In April 2023, LangChain transitioned into a startup with a **$10 million seed round** led by Benchmark. Just a week later, it secured a **$25 million Series A** from Sequoia, which reportedly valued the company at $200 million. This rapid funding trajectory highlights the explosive demand for AI infrastructure tools.

### Evolution and Product Updates

As AI models have advanced, LangChain has evolved into a comprehensive platform for building **AI agents**. The recent funding announcement coincided with major updates to its core products:
- **LangChain**: The flagship agent builder.
- **LangGraph**: A tool for orchestration, context, and memory management.
- **LangSmith**: Focused on testing and observability.

These enhancements solidify LangChain's position in the **AI development ecosystem**, enabling more sophisticated and reliable agent-based applications.

### Community and Open Source Impact

LangChain remains a **highly popular open-source project**, boasting 118,000 stars and 19.4 thousand forks on GitHub. This strong community support underscores its relevance and utility in the fast-growing field of **generative AI** and agentic systems.

As TechCrunch previously reported, the maker of a popular open source framework for building AI agents has officially become a unicorn.

LangChain Soars to $1.25B Unicorn Status: How This Open-Source AI Framework Is Revolutionizing Agent Development

## Fal.ai's Meteoric Rise in Multimodal AI

**Fal.ai**, a startup that provides **image, video, and audio AI models** for developers, has secured a new funding round valuing the company at **over $4 billion**, according to sources familiar with the deal. The company raised approximately **$250 million** in this round.

### Major Investors and Rapid Growth

Leading investors in this round include **Kleiner Perkins** and **Sequoia**, though the companies declined to comment. This funding comes less than three months after Fal announced a **$125 million Series C** at a **$1.5 billion valuation** led by Meritech. At that time, the company's revenue had crossed **$95 million**, and its platform was used by over **two million developers**—a massive jump from a year prior when it had **$10 million in annualized recurring revenue (ARR)** and **500,000 developers**.

### Driving Forces Behind the Surge

Fal's explosive growth is directly tied to the **surge in user adoption** of applications built on its infrastructure. **Multimodal AI**, especially video, is in high demand, highlighted by the rapid success of **OpenAI's Sora**, which reached the top of the U.S. App Store faster than ChatGPT. This consumer demand underscores the **huge market potential** for Fal's offerings.

### What Fal.ai Offers

Fal provides developers with access to **over 600 image, video, audio, and 3D models**. Its cloud infrastructure boasts **thousands of Nvidia H100 and H200 GPUs**, optimized for **fast inference**. The platform includes tools for **customizing models** and is available via **API**, a **flexible serverless** offering, or **enterprise-ready compute clusters**. While competitors like **Microsoft, Google, and CoreWeave** exist, Fal's **singular focus on media and multimodal AI** sets it apart, according to venture capitalists.

### Customer Base and Use Cases

The startup serves a diverse range of customers, from **individual developers** to large companies such as **Adobe, Canva, Perplexity, and Shopify**. Popular use cases include **media creation for advertising, e-commerce, and gaming content**.

### Founders and Background

Fal was co-founded in 2021 by **Burkay Gur**, a former **Coinbase machine learning leader** and **Oracle engineer**, and **Gorkem Yurtseven**, a former **Amazon developer**. They identified an opportunity in **personalized multimedia generation** and initially focused on optimizing **Stable Diffusion** for speed and scale before expanding to host numerous other models.

### Previous Funding and Investors

Prior to this round, Fal had raised nearly **$200 million** from investors including **Bessemer Venture Partners, Kindred Ventures, Andreessen Horowitz, Notable Capital, First Round Capital, Unusual Ventures, and Village Global**.

Fal.ai announced its previous round at a $1.5 billion valuation in July.

Fal.ai Soars to $4B+ Valuation in Just 3 Months: The Secret Behind Its Explosive Growth

## The AI Hiring Revolution Is Here

In today's competitive hiring landscape, finding exceptional talent that isn't actively seeking new opportunities has become a critical challenge for companies worldwide. This growing need has sparked a massive shift toward **AI-powered talent acquisition** platforms that can identify and engage top candidates who might otherwise remain hidden.

### Findem's Game-Changing Funding Round

**Findem**, a pioneering startup in the AI recruitment space, has just secured a massive $51 million funding package that includes:
- **$36 million Series C** led by **SLW (Silver Lake Waterman)**
- Participation from **Wing Venture Capital**, **Harmony Capital**, and **Four Rivers Group**
- **$15 million in growth financing** from **JP Morgan**

This latest injection brings Findem's total funding since its 2019 launch to **$105 million**, with $90 million coming from equity investments alone.

### What Makes Findem Different?

Based in Redwood City, California, Findem is transforming how businesses **identify, attract and engage top talent** through its revolutionary approach to talent data. The company's secret weapon? **3D talent data** – a comprehensive dataset built from **1.6 trillion data points** that combines with AI to automate critical parts of the talent lifecycle.

### Explosive Growth and Market Traction

According to co-founder and CEO **Hari Kolam**, Findem has experienced staggering growth:
- User base surged by **"about 100x"** in the last 12 months
- **3x year-over-year growth** in overall business
- Enterprise customer base increased by **3x** over the past year
- Current user base exceeds **12,000 customers** including major players like **Adobe, Box, Medallia, Nutanix, and RingCentral**

## How Findem's Platform Actually Works

### Precision Talent Matching

Findem's platform enables companies to find candidates with incredibly specific qualifications. Want a software engineer who worked at a company from early days through Series C funding? Or competitive coders who've experienced successful exits? Findem's filters can identify candidates matching these exact criteria.

### The Power of 3D Data

The startup's **3D data** combines people and company information over time into formats perfectly suited for AI analysis. This "continuously enhanced" dataset is described as "exponentially larger and more factual" than traditional candidate data sources, enabling deep insights and automated workflows that traditional methods can't match.

### Comprehensive Data Sources

Findem gathers information from more than **100,000 sources** including:
- Professional networks like **LinkedIn and GitHub**
- Medical professional platform **Doximity**
- Content platforms including **WordPress** and personal websites
- Government data from the **U.S. Census Bureau**
- Business intelligence from company funding announcements and IPO details
- **300+ million patents and publications**
- **5+ million open datasets** and ML projects
- **200+ million open source code repositories**
- Applicant tracking systems including **Workday, BambooHR, Bullhorn, Greenhouse, Jobvite, and Lever**

### Beyond Traditional Resumes

Kolam emphasizes that traditional resumes and LinkedIn profiles provide only "a snapshot of someone's career... without the context that reveals true potential." Findem's enriched profiles offer "a detailed and factual view" of an individual's professional journey and impact.

### Global Expansion and Business Model

While primarily serving North American customers with global users, Findem is expanding into **Europe** and maintains a second headquarters in **Bangalore, India**. The company currently operates on a **SaaS business model** charging per seat, with plans to add outcome-based pricing as it expands its agentic capabilities.

### Investor Perspective

**Shawn O'Neill**, managing partner at SLW, highlighted that Findem's "data advantage" sets it apart in a market where "most companies are simply wrapping LLMs." He noted that "the depth and breadth of their 3D profiles and web-scale dataset are unlike anything else in the market" and that his firm uses the platform internally, seeing "the power firsthand."

### The Bigger Picture

Findem represents just one of **more than a dozen startups** at the intersection of AI and recruitment that have raised venture capital in 2025. Global startup investment in HR, recruitment, and employment categories has reached approximately **$2.3 billion** this year, putting funding on track for year-over-year gains despite remaining below peak market levels.

![Findem AI Hiring Platform](https://news.crunchbase.com/wp-content/uploads/hot-tech-jobsfeature.jpg)

Findem is just one of more than a dozen startups at the intersection of AI and recruitment globally that has raised venture capital in 2025.

Findem's $36M Series C Fuels AI Hiring Revolution with 3D Talent Data

## Bizcap and NewCo Capital Group Acquire Israeli Fintech 8fig

Australian company **Bizcap**, along with its U.S. affiliate **NewCo Capital Group**, has acquired **8fig**, an Israeli fintech startup that has developed a funding and management platform for e-commerce businesses.

Founded in 2020, 8fig has delivered more than **$500 million in funding** to online sellers and created its **"AI CFO" platform**, which enables small businesses to forecast, plan, and scale operations. The platform integrates cash flow, inventory, and supply chain planning tools.

The acquisition allows 8fig to retain its brand and leadership team while benefiting from **Bizcap’s global reach**, operational expertise, and access to capital.

Albert Gahfi, co-founder and co-CEO of Bizcap Global, emphasized the strategic alignment between the two companies. “We’re impressed not just by 8fig’s technology, but by how it’s built, with a strong focus on customer needs, adaptability, and long-term success,” Gahfi said. “8fig has the right platform, the right people, and the right mindset to make a global impact.”

8fig has raised a total of **$196.5 million** to date. Its most recent funding round in May 2023 brought in $140 million, $40 million in equity and $100 million in debt, led by **Koch Disruptive Technologies (KDT)** with participation from **Battery Ventures**, **LocalGlobe**, **Hetz Ventures**, the **Jesselson family**, and **Silicon Valley Bank**, which provided the debt under its new ownership. The startup has raised $75 million in equity in total.

The company’s operations are split between **Tel Aviv**, where its R&D teams develop the AI platform, and **Austin, Texas**, where marketing, growth, product, and customer success teams are based.

CEO **Yaron Shapira** and CTO **Assaf Dagan** previously collaborated at Mercury Interactive (acquired by HP for $4.5 billion) and later joined the founding teams of Capriza (raised $70 million from Andreessen Horowitz) and Check (acquired by Intuit for $360 million). They met CRO **Roei Yellin** while building Qlarium, an underwriting platform backed by Prytek, which became 8fig’s investor. Yellin participated in over 30 fintech investments during his tenure at Prytek.

Yaron Shapira, CEO of 8fig, said: “Our mission remains the same: **empowering SMEs and e-commerce businesses to scale globally**. With Bizcap’s talented team beside us, we’re ready to take that mission to new heights.”

The acquisition gives 8fig, which had previously raised $75 million, access to Bizcap’s global capital and operational network. 

Bizcap's Game-Changing Acquisition of 8fig: Supercharging AI-Powered Funding for E-commerce SMEs

## Leadership Transition at OurCrowd

OurCrowd announced on Tuesday that its founder, **Jon Medved**, will transition from CEO to Chairman following his recent diagnosis with **ALS**. As Chairman, he will focus on **strategic initiatives**, including OurCrowd’s **global expansion** and support for portfolio companies across multiple industries.

At the same time, the company has appointed **Cali Chill** as Acting CEO and Chief Operating Officer (COO).

![Jon Medved (right) alongside Cali Chill. (Photo: OurCrowd)](https://pic1.calcalist.co.il/picserver3/crop_images/2025/10/21/rJWmBj4Cgl/rJWmBj4Cgl_0_0_2000_1334_0_x-large.jpg)

## Medved's Statement on the Transition

“We are now beginning the process of transitioning Cali Chill to CEO, and I will serve as Chairman,” said Medved. “After 13 years as CEO, this transition is necessary, partly due to my health, and it will allow me to move the company to its next phase with strategic changes. Cali has been with the company for seven years and is the architect behind many of our investments. He led our investment committee and helped make us one of the leading **venture capital firms** in the world.”

Medved continued: “A few months ago, I was hospitalized and diagnosed with ALS, a serious and terrible disease. Everything still works, but it’s very difficult for me to breathe. I’m improving and fighting it, and I still work 8–10 hours a day, which allows me to continue treatment. I believe that God gave me the strength to keep working and achieve important things, especially now, when Israel is changing and there is enormous potential for peace.”

Reflecting on the company’s performance, Medved added: “Even during the war, we did great, there were exits worth tens of billions of dollars during the most difficult period for the country. Our market went up, and all of it happened during the war. I’m eager to see what happens in peacetime.”

## Cali Chill's Background and Vision

Chill has been with OurCrowd for seven years, holding senior leadership positions across legal operations, funds and investment strategy. He most recently served as Chief Investment Officer and Chair of OurCrowd’s Investment Committee. Under his leadership, OurCrowd has invested in major companies, including **Anthropic, Databricks, Scale AI, Safe Superintelligence, Kodiak Robotics, Quantum Machines, Groq and SpaceX**, as well as leading funds such as **NEA, Draper Associates and Lightspeed**.

“I am honored to assume the role of Acting CEO and COO at this pivotal time for the company,” said Chill. “I know firsthand the power of the platform we’ve built, the professionalism of our team, and the global community we’ve created. I look forward to working with Jon and the management team to continue fulfilling our vision - to make the world of **venture capital and alternative investments** accessible to more investors than ever before.”

Chill shared his personal story: “I grew up in Israel after immigrating at the age of one and a half. I studied law at Bar-Ilan University and worked as legal counsel for high-tech firms including Answers.com, which later sold for $900 million. When I returned to Israel, I joined Jon as legal advisor and later headed our funds division. Since 2022, I’ve focused entirely on investments. We’ve backed top-tier funds and late-stage deals, and we’re seeing growing monetization and secondary activity across our portfolio.”

## OurCrowd's Impact and Future

Since its founding in 2013, OurCrowd has become one of the world’s leading **venture capital investment platforms**, with over **$2.6 billion** in investment commitments to date. The firm provides accredited investors with access to venture capital and alternative investments, areas once reserved for institutional players.

Under Medved’s leadership, OurCrowd became Israel’s most active venture investor and a significant global force in tech innovation.

“OurCrowd will continue to **democratize venture investing**,” added Medved. “As the private market expands, OurCrowd must grow strategically to maintain our leadership in the sector. We will expand access to the most compelling companies and funds of our time while continuing to champion early-stage innovation. We will also leverage the **artificial intelligence revolution** to reach investors at much greater scale.”

“OurCrowd is at the forefront of democratic access to investing, offering access not only to leading venture capital and alternative asset class funds such as Draper Associates or Neuberger Berman, but direct investments ranging from early-stage startups, and incubators, to sought-after growth companies such as **Groq, SpaceX, Anthropic and Databricks**,” Chill added. “By providing curated professional access to global venture and other opportunities, OurCrowd is bridging the gap between institutional sophistication and individual investor participation.”

Founder passes the torch to Cali Chill as he moves into Chairman role and focuses on strategic growth. 

OurCrowd Founder Jon Medved Steps Down as CEO After ALS Diagnosis, Passes Leadership to Cali Chill

## The AI Adoption Dilemma

For most enterprise companies, AI is either a **promise that has yet to deliver** or a **security risk**. The effort of Lithuania’s most famous entrepreneur duo to solve that conundrum has garnered attention — and funding.

Just months after Nexos.ai came out of stealth with an $8 million funding round led by Index Ventures, Nord Security co-founders Tomas Okmanas and Eimantas Sabaliauskas have closed a €30 million Series A (approximately $35 million) for this new startup — a platform that helps companies adopt AI tools securely by acting as a middleman between employees and AI systems.

## The "Switzerland for LLMs" Approach

In Okmanas’ view, "the biggest corporate data leak" is currently in the making, as employees upload sensitive information to LLMs. Rather than banning AI use, he wants Nexos.ai to act as a **"Switzerland for LLMs,"** serving as a neutral intermediary. By sitting between teams and AI tools, the platform aims to keep data under control without sacrificing the productivity gains companies want but fear pursuing.

That combination of seasoned founders tackling a critical enterprise problem explains why this new round was raised so soon — with Index and Evantic Capital co-leading at a €300 million valuation (approximately $350 million), according to a company spokesperson. Previous backers Creandum and Dig Ventures also participated, along with angel backers, including the CEOs of Datadog, Klarna, Supercell, and Wix.

## Strategic Backing and Vision

Evantic, the new venture firm launched by former Sequoia Capital partner Matt Miller, was persistent enough to make the round happen even though Nexos.ai wasn’t fundraising, said Okmanas. He and Sabaliauskas famously bootstrapped their previous businesses, including Nord, the **$3 billion cybersecurity company** behind NordVPN. But they now see the value-add from VCs.

In addition to Index’s support, Nexos.ai is now benefiting from Miller’s guidance and his **'Legends' network** — 140 operators who advise Evantic’s portfolio startups in exchange for a share of the fund’s profits. Okmanas said he is both a Legend himself and drawing on others’ expertise to shape the product — which is where the new capital will go.

## Product and Market Focus

Currently, Nexos’ AI product consists of an **AI Workspace interface** for employees and an **AI Gateway** for developers. The gateway acts as a control layer for security, cost management, and compliance oversight while reducing fragmentation, which Okmanas sees as a key barrier to AI adoption. The gateway provides a single access point to some 200 AI models, and the company plans to use its funding to accelerate its support of private models for sensitive data.

Okmanas said his team is currently doing 50 to 60 demo calls a week, but anticipates that traditional businesses will have "a lot of homework" to do to convince their boards about how they want to adopt AI. Nexos.ai could help them by making deployment easier. But first, the startup is focusing on **tech-savvy companies** that already use AI daily, as well as companies operating in **regulated industries**, which have concerns about governance and sending sensitive data to AI models hosted in foreign countries.

## Expansion and Impact

Okmanas and Sabaliauskas identified the AI governance gap while overseeing the portfolio of Tesonet, their company that builds and invests in startups. Tesonet portfolio companies are also among the customers that Nexos.ai is disclosing, alongside Bulgarian fintech unicorn Payhawk, which also has an office in Vilnius. According to a press release, the funding will now support **expansion across Europe and North America**.

For Okmanas, the mission is removing barriers to broader AI adoption. While boards debate whether AI can deliver real value, he points to results within Tesonet’s own portfolio: at Hostinger, a web hosting provider, an AI assistant reduced the need for human support. Says Okmanas, "That’s why we didn’t need to hire 500 people and saved €10 million this year alone."

Despite talking numbers at Hostinger, Okmanas declined to disclose how much revenue Nexos.ai itself is generating. Instead, he said that by the time the company celebrates its first anniversary, the team will have grown to 100 people — mostly in Europe, where **data sovereignty concerns** have also started to open doors for Nexos.ai at public institutions, potentially opening up a new market beyond its enterprise focus.

Nord Security co-founders have closed a €30 million Series A for their new startup, Nexos.ai, an orchestration platform aimed at helping companies adopt AI securely.

How This European AI Startup Raised $30M to Solve the Biggest Security Risk in Enterprise AI

In a region long defined by fragmented enterprise systems, outdated compliance tools, and HR software that rarely integrates with finance, **Cercli** is building a unified alternative for MENA businesses with **AI at its core**.

The Dubai-based startup, founded by ex-Careem operators **Akeed Azmi** and **David Reche**, has announced an oversubscribed **$12 million Series A round** led by European VC **Picus Capital**.

Cercli today looks slightly different from the company that raised a $4 million seed round last year. It is rebuilding a **Rippling-like stack** for the MENA region, but making it **AI-native from the ground up**.

Over the past year, that bet has paid off. The company says it has scaled revenue more than **10x** and now processes over **$100 million in payroll annually** for multiple businesses across 50 countries.

But in a crowded HR-tech market—where dozens of startups such as Deel and Remote, alongside incumbents like SAP and Oracle, already promise everything from cross-border payments to payroll—why does the market need another HR tech player? CEO Azmi hopes its **AI-first rebuild** may be the edge that sets it apart.

Azmi started Cercli to help enterprises with basic people operations, an issue he and Reche noticed at their previous employers, Careem and Kitopi, two of MENA’s best-known unicorns.

With payroll spread across multiple systems and compliance varying by region, the first version of Cercli focused on a platform that consolidated **human resources management, payroll, and compliance** for MENA-based companies operating globally.

But Azmi says it envisioned a bigger opportunity if it baked in AI. So, over the past three months, Azmi says the company has rewritten its entire payroll engine to be **multi-country and agent-compatible**, enabling it to scale more efficiently across global jurisdictions.

"The legacy systems of the last 20 years—your SAPs, Oracles, Workdays—they were built for on-prem and the cloud. Now we’re entering an **AI-native world**," Azmi said in an interview with TechCrunch. "We didn’t want to just integrate AI; we wanted to rethink the whole stack for how people and agents work together."

It’s also done the same to its recruitment module. Cercli now offers **agent-driven features** that can surface candidate lists, source from internal datasets, and run background logic on hiring fit.

Its own internal operations run on AI, as the company uses custom-built treasury and reconciliation agents to manage its own finances and accounting. That’s how the **14-person team** closed its Series A while maintaining a **21% month-to-month revenue growth rate**, according to Azmi.

![Cercli](https://techcrunch.com/wp-content/uploads/2025/10/IMG_2370.jpeg)

Beyond AI, the founder believes Cercli’s other strength lies in **consolidation**. Although plenty of multi-module HR competitors exist—including Deel, Rippling, BambooHR—MENA companies are often stitching their back office together from point solutions. A company might use different products for expense management, payroll, or recruiting.

"Customers are asking for everything in one place, and being AI-native allows us to build that **unified experience** far more quickly," Azmi explained.

Azmi said Cercli’s AI-native architecture lets it onboard customers quickly, as well. Setup can occur in **two to three days**, compared to several months typical with legacy systems, he claims. This has helped the two-year-old HR-tech startup win clients from startups to multinationals, including Vision Bank, the Global Climate Finance Centre, Huspy, Lean Technologies, and Ziina.

Cercli is also the **first MENA investment** for Picus Capital. This firm has backed other global HR companies like Personio, Multiplier, Deel, Maki, and JetHR.

Other investors who participated in this Series A round include Knollwood Investment Advisory as well as existing investors **Y Combinator**, Afore Capital, and COTU Ventures.

As part of the investment, the company plans to build new **AI-native products** and work on gaining more market share in the **$5.8 billion HR software opportunity** in MENA.

"We’ve seen this business model succeed globally within our portfolio, and we are excited to back Cercli as they continue to grow market share through new customers and product launches," said Robin Godenrath, founding partner at Picus Capital.

This YC HR startup grew its revenue 10x to close a $12M Series A just a year after raising $4M in seed, buoyed by its AI-native capabilities.

Ex-SpaceX Team's Rocket Tech Powers AI Data Centers with Clean Energy

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Arbor Energy's Innovative Power Generation

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