Loft Orbital and Marlan Space Bet $1B on AI That Runs in Orbit
France and the UAE are underwriting a $1B constellation that interprets its own imagery in orbit. The technical case is clear; the commercial case is not.
Posts by Nexi.fund Labs
Sea Machines Wins a Five-Year Defence IDIQ for Drop-In Autonomy Kits
A five-year IDIQ for commercial, TRL-9 drop-in kits shows how defence procurement is shifting toward off-the-shelf autonomy, and why the Navy's MUSV trials are the real prize.
Swarmer Buys Ratel Robotics for Up to $224M, Betting the Autonomy Layer Wins
Swarmer, the Nasdaq-listed drone-autonomy company, agreed to buy Ratel Robotics for up to $224 million in cash and stock. The structure — $7.2 million at closing plus earnouts — is a bet on a field-proven order book and NATO certification, not factory capacity.
Power to Hydrogen’s AEM Bet: PEM Performance Without the Iridium
A half-megawatt AEM electrolyzer is now installing at the Port of Antwerp-Bruges, and a Repsol pilot projects 50,000-hour stack life. The 65% capex claim is the one investors have to test.
Celero's $275M Round: Coherent Optics and the AI Interconnect Bottleneck
Networking is now the binding constraint on AI build-outs, and Celero's $275 million Series C is the clearest sign. The Irvine startup says its 2nm coherent DSP silicon scales optical links from 1.6T toward 3.2T as clusters outgrow a single site.
Europe's $450M Bet on the Return Leg of Spaceflight
Europe has funded its first serious return ticket from orbit. The Exploration Company's $450 million round, the largest Series C ever by a European space firm, backs a reusable capsule and an engine for a heavy-lift launcher Europe has not yet agreed to build.
Encoded’s $275 Million Bet on a One-Time Dravet Cure
Encoded Therapeutics closed a $275 million Series F round to fund pivotal trials of its Dravet syndrome gene therapy. Phase 1/2 data are strong. The open question is how long a single dose lasts.
Positron's $875M Bet: The Inference Bottleneck Is Memory
Positron AI's $875 million Series C and the memory-first bet behind Asimov, a chip that trades HBM for commodity LPDDR5X and claims to reach more than 90% of its memory bandwidth.