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AI Agent Security's $270M Week, Moonshot's $50B IPO & Fintech's 67% Drop
Audio is available on Spreaker — see link below.
Three deals totalling $270M poured into AI agent security this week as Zenity, Obsidian, and OLIGO raced to secure the non-human identity explosion inside enterprise stacks. Plus: Moonshot AI targets a $50B Hong Kong IPO, BitMEX fails to find a buyer at $1B, and fintech funding crashes 67% week-on-week.
Audio is available on Spreaker — see link below.
Three venture deals. One week.
China's AI race has a new public-market chapter opening. Moonshot AI is targeting a Hong Kong IPO in the fourth quarter of this year or first quarter of next, at a fifty billion dollar valuation.
The BitMEX story tells you something useful about where institutional M&A appetite sits today. The crypto exchange was seeking a one billion dollar valuation and couldn't find a buyer.
Pull back to the week's broader picture. Total fintech funding came in at six hundred and seventy-three million dollars across fifteen deals.
Three raises this week point toward the same strategic moment: companies exiting their domestic phase with international capital. Decade, a Brazilian AI-native wealth advisory platform, closed an eighty-five million dollar seed — the largest in Latin American history — backed by Greenoaks and Benchmark.
One quieter signal worth tracking: 10x Banking closed a forty million pound round from AshGrove Capital. The cloud-native core banking platform is now live on ten million accounts, growing ARR at over thirty percent, and has crossed into EBITDA-positive territory.
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