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Ramp’s latest AI Index shows businesses are continuing to increase AI spending despite rising pressure from cheaper and ...
28/08/2026

Ramp’s latest AI Index shows businesses are continuing to increase AI spending despite rising pressure from cheaper and open-source models. In July, the top 1% of businesses spent a median $7,400 per employee on AI, compared with $650 for the top 10% and $11.95 for the median firm, while Anthropic led business adoption at 43.5%, ahead of OpenAI at 39.7%.

28/08/2026

Pasqal Holding SA, a Paris- and New York-based neutral-atom quantum computing company, completed its business combination with Bleichroeder Acquisition Corp. II and is set to begin trading on Nasdaq under the ticker “PSQL” on August 28, 2026. The transaction provides Pasqal with approximately $360 million in cash to accelerate quantum system deployment, expand its cloud and software platform, advance its roadmap toward fault-tolerant quantum computing, and scale global commercial operations. CEO Wasiq Bokhari said the listing will provide a stronger platform to move faster and serve customers worldwide, while the company, co-founded by Nobel Prize-winning physicist Alain Aspect, continues expanding its fleet of deployed quantum processing units.

COMPANY: Pasqal Holding SA ~ TICKER: PSQL

BOOKRUNNERS: Cohen & Company Capital Markets

AMOUNT: $360,000,000

EXCHANGE: Nasdaq

HQ: Paris, France

**C

28/08/2026

Retro, the friend-focused photo-sharing app built by former Instagram product engineers Nathan Sharp and Ryan Olson, has raised more than $21 million in Series A funding, according to an SEC filing. Launched in 2023, Retro lets users privately share photos with friends, create shared albums and revisit memories without relying on ads, instead monetizing through subscriptions; the company is now valued at more than $100 million, per PitchBook. Its backers include Thrive Capital, Figma CEO Dylan Field, Scribble Ventures, Box Group, Imaginary Ventures, Coalition, Conviction, Copper and Positive Sum.

FOUNDERS: Nathan Sharp & Ryan Olson

INVESTORS: Thrive Capital, Dylan Field, Scribble Ventures, Box Group, Imaginary Ventures, Coalition, Conviction, Copper & Positive Sum

ROUND: Series A
AMOUNT: $21,000,000

HQ: New York City, New York

28/08/2026

Owner, an AI platform for local businesses, raised $240 million at a $2.3 billion valuation in a financing led by Goldman Sachs Alternatives’ Growth Equity, with participation from existing investors Meritech, Redpoint, Headline and Jack Altman. Founded in 2020, the company has surpassed $100 million in ARR and is led by co-founder and CEO Adam Guild; Owner says thousands of local businesses use its AI-powered technology and marketing platform, starting with restaurants.

FOUNDERS: Adam Guild & Dean Bloembergen

INVESTORS: Goldman Sachs Alternatives, Meritech, Redpoint, Headline & Jack Altman

AMOUNT: $240,000,000
VALUATION: $2,300,000,000

HQ: San Francisco, California

28/08/2026

Lupin Dental, a Montpellier-based dental robotics startup, has raised €15 million in Series A funding led by Fynveur, a long-term private equity firm advised by Invus, which contributed €10 million. Founded in 2019 by Dr. Stéfen Koubi and Dr. Galip Gürel, the company is developing the Lupin Robotic System to guide dentists through complex restorative procedures using robotic precision and modular software. The funding will support the company’s continued development and commercialization efforts, following first-in-human use and 25 clinical cases in India, as well as UKCA certification for Great Britain.

FOUNDERS: Dr. Stéfen Koubi & Dr. Galip Gürel

INVESTOR: Fynveur

ROUND: Series A
AMOUNT: $17,400,000

HQ: Marseille, France

28/08/2026

San Jose, CA-based Lambda, an AI GPU cloud platform and supercomputer provider led by CEO Michel Combes, raised $926M in senior secured term loan B facility financing. The round was backed by Morgan Stanley and MUFG, with proceeds earmarked for the acquisition and installation of GPU servers and related infrastructure to deliver dedicated compute services to an investment-grade offtaker, as well as support the expansion of its AI cloud platform.

FOUNDERS: Stephen Balaban & Michael Balaban

INVESTORS: Morgan Stanley & MUFG

AMOUNT: $926,000,000

HQ: San Jose, California

28/08/2026

Los Angeles-based sunless tanning and skincare brand Dolce Glow raised $11 million in Series A funding led by CAVU Consumer Partners, with participation from Miley Cyrus, Sofia Richie Grainge, Olivia Culpo, Jaclyn Hill, Brianna LaPaglia and Ash Holm. Founded by tanning artist Isabel Alysa Vita, Dolce Glow will use the capital to scale retail inventory, expand brick-and-mortar distribution, accelerate product research and formulation, and grow its corporate and marketing teams. The brand sells 20 clean, vegan and cruelty-free SKUs through retailers including Sephora, Nordstrom, Ulta Beauty, Revolve, Macy’s and QVC.

FOUNDER: Isabel Alysa Vita

INVESTORS: CAVU Consumer Partners, Miley Cyrus, Sofia Richie Grainge, Olivia Culpo, Jaclyn Hill, Brianna LaPaglia & Ash Holm

ROUND: Series A
AMOUNT: $11,000,000

HQ: Los Angeles, California

28/08/2026

Permanent Capital Ventures has raised a $200 million second fund, bringing the early-stage venture firm’s total capital raised since its 2024 launch to more than $350 million. PCV Fund II will back Series A-stage applied AI companies, with a focus on helping technical founders build world-class go-to-market operations and scale distribution.

FOUNDERS: Mike Gamson & Jason Duboe

AMOUNT: $200,000,000

HQ: Chicago, Illinois

Gamson

PRIMA, a Miami-based startup building infrastructure for the recommendation economy, raised more than $5 million in Seed...
28/08/2026

PRIMA, a Miami-based startup building infrastructure for the recommendation economy, raised more than $5 million in Seed funding to accelerate its global expansion after launching in Miami. Founded by CEO Alex Zhardanovsky, the company connects hotels, residences, concierges, advisors, and creators with restaurants, bars, clubs, and experiences, enabling trusted, performance-based recommendations while helping hospitality businesses measure and monetize word-of-mouth referrals. Zhardanovsky said the company believes relationships, trust, distribution, and access—not technology alone—will define the next generation of hospitality infrastructure.

FUN FACT: (How it started, revenue milestone, unique founder story, etc.): PRIMA was launched earlier this year by serial entrepreneur Alex Zhardanovsky, who previously built Azoogle’s $200M+ affiliate marketing business. Frustrated by how fragmented and favor-based restaurant reservations became, he built PRIMA as a unified network connecting restaurants, hotels, and concierges, turning demand into a real, trackable marketplace. After launching in Miami, PRIMA is now scaling globally.

FOUNDER: Alex Zhardanovsky

ROUND: Seed
AMOUNT: $5,000,000

HQ: Miami, Florida

28/08/2026

Atorie, a fashion startup focused on offering luxury-quality goods without traditional brand markups, raised a $9.5 million seed round from investors including a16z speedrun, Night Capital, and Lightspeed Ventures’ Jeremy Liew. Founded by serial entrepreneur Redouane Ramdani, Atorie sells handbags and apparel made with the same materials and factories used by high-end brands, targeting consumers seeking more affordable alternatives amid growing interest in dupe culture and rising luxury prices.

FOUNDERS: Redouane Ramdani & Luis Angulo

INVESTORS: a16z speedrun, Night Capital, Lightspeed Ventures’ Jeremy Liew

ROUND: Seed
AMOUNT: $9,500,000

HQ: Los Angeles, California

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