Private market news feed.

Mercor crossed $2B in ARR in June, just 4 months after hitting $1B in ARR.

Source: X

ByteDance and Alibaba are disabling AI companion and personalized AI agent features in response to new Chinese regulations governing human-AI interactions. The move signals a broader regulatory crackdown on AI social and companion products in China.

Source: bloomberg-tech

ElevenLabs is exploring another employee tender offer, providing liquidity to employees through secondary market transactions.

Source: SecondaryLink

Jeff Bezos is seeking outside investors for Blue Origin for the first time in the company's 25-year history, marking a significant shift in the privately held space company's funding strategy.

Source: The Motley Fool

OpenAI has discussed the government taking an equity stake in the company with a range of percentages put forward. The Financial Times earlier reported that OpenAI CEO had proposed a 5% stake.

Source: TheInformation

Crusoe is in talks to raise about $3 billion in a funding ‌round that may triple its valuation. Investors, expect ​the value ​to fall within the $30 billion ​range, including the new ‌investments, the report said.

Source: Bloomberg

Blue Origin has demonstrated a 26-meter solar tower designed to provide power for a lunar base, showcasing progress in its lunar surface infrastructure capabilities.

Source: 동아사이언스

Saronic has launched its third flagship autonomous surface vessel, a 52-foot dual-use craft named 'Mirage', as the company ramps up production of its autonomous maritime systems.

Source: WorkBoat

Plaid has held preliminary discussions with banks about a potential initial public offering, Bloomberg reported Wednesday (July 1), citing unnamed sources.The company is considering the move but has not made a final decision, according to the report.

Ripple and Coinbase are highlighted as among the largest contributors in crypto's $189 million in election-related spending, underscoring the industry's growing political influence.

Source: The Block

Hugging Face CEO Clément Delangue reportedly turned down a half-billion dollar investment offer from Nvidia, highlighting the company's strategic independence in the competitive AI landscape.

Source: observer.com

BMW has deployed Figure AI humanoid robots in its manufacturing operations, with video footage showing the robots performing tasks similarly to human workers.

Source: India Today