Mowito, a physics-based AI startup, has raised $3 million in funding to train factory robots through demonstrations rather than code.
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AI-powered legal services company Norm has raised $120 million in funding, led by Khosla Ventures.
PANews reported on July 7th that, according to Bloomberg, AI legal startup Norm has completed a new funding round of $120 million, valuing the company at approximately $1.2 billion post-money. The round was led by Khosla Ventures, with participation from Blackstone, Bain Capital Ventures, Coatue Management, and others, bringing its total funding to over $260 million. Founded in 2023, Norm differs from traditional software vendors by operating its own Norm Law firm, providing clients directly with legal services delivered by lawyers and AI engineers, charging based on results rather than hourly rates. The company is also developing "AI-driven regulatory AI" compliance agents for regulated industries such as finance and healthcare, and plans to use the new funding to expand its engineering and legal teams and strengthen its systems.
M1X, a platform for tokenizing sovereign debt, has raised $5.5 million in seed funding, led by Paradigm.
ChainCatcher reports that M1X Global, a startup specializing in tokenized sovereign debt, has raised $5.5 million in seed funding, led by Paradigm with participation from Breed VC and others. M1X Global previously partnered with the Republic of the Marshall Islands to assist in the issuance of the on-chain sovereign debt instrument USDM1. This product is a USD-denominated, 1:1 backed by US Treasury bonds, and natively issued by the sovereign nation on a public blockchain. USDM1 was initially issued on Stellar and is currently also available on Canton and Solana. Jordan Goldman, President and COO of M1X, stated that sovereign debt is one of the largest asset classes globally, but prior to USDM1, it did not exist in a native on-chain form. The company aims to establish USDM1 as on-chain sovereign collateral and expand its use in regulated financial markets. The initial application scenario for USDM1 is the disbursement of domestic government aid. Marshall Islands citizens can receive funds through the Lomalo wallet, enabling payments to be completed within seconds without relying on traditional correspondent banking networks. M1X also stated that the recent integration with Bank of Guam, an insurance bank under the U.S. FDIC, further connects USDM1 to regulated banking infrastructure.
Google and RWE back Proxima Fusion in a €411 million funding round
Munich-based magnetic confinement fusion startup Proxima Fusion announced on Tuesday that it has raised €411 million ($469.69 million) in a funding round from investors including Alphabet's Google and German utility RWE. The company stated that the round was led by XTX Ventures and East X Ventures, with RWE and Google participating as strategic investors. The company added that this funding round values Proxima Fusion at €2.4 billion ($2.7 billion). (Sina Finance)
The world's first fully automated robotic pharmacy has been launched, securing $12.6 million in funding to accelerate its commercialization.
Mars Finance reports that Queue, a California-based startup, recently launched the world's first fully automated robotic pharmacy. This technology comes at a time of severe labor shortages and a growing "pharmacy desert" in the United States. Simultaneously, the company announced it has successfully raised $12.6 million, which will be used to accelerate the research and deployment of the automated system. (Cailian Press)
Shenzhen-based smart glasses company Ewen Technology has completed a $150 million funding round, valuing the company at over $1 billion post-investment.
Mars Finance reported on July 7th that Shenzhen-based smart glasses company Even Realities announced the completion of a $150 million Pre-B round of financing, valuing the company at over $1 billion post-money and officially joining the ranks of unicorns. This round was led by Meituan Dragon Ball and Meituan Strategic Investment, with existing shareholders Yuan Yi Capital and Tencent oversubscribing. Earlier this year, Even Realities also completed an A++ round of financing, co-led by Guanghe Venture Capital and Yuan Yi Capital, with existing shareholders including Dachen Capital oversubscribing. (Venture Capitalist CLUB)
UBS raised its target price for SK Hynix to 3.2 million won and maintained its buy rating.
According to a report by Odaily, SK Hynix is continuing to push for more revised long-term agreements, focusing on DDR5 and NAND Flash for hyperscale data center customers. These contracts have terms exceeding five years, with approximately 60% to 70% of the expected volume and price already locked in, which will improve future earnings visibility. Based on a projected price-to-book ratio of 3.65 for the next 12 months, UBS has raised its target price for SK Hynix from 3 million won to 3.2 million won and maintained its buy rating. SK Hynix began ramping up HBM4 shipments for its Rubin platform in the second quarter, indicating that it has completed final design adjustments to meet specifications. While Samsung Electronics' HBM bit market share may be slightly higher than SK Hynix's in 2027 (41% vs. 39%), in the long term, HBM's share in SK Hynix's DRAM business is expected to be higher than its peers. UBS predicts that HBM's share of DRAM revenue will rise from 15% in 2026 to 58% in 2030. Further increases in the average selling price of HBM will provide additional support for profitability in 2027. UBS stated that shareholder reward policies are expected to continue to strengthen, and anticipates share buybacks to begin after the ADR listing and gradually accelerate. UBS points out that DDR and NAND Flash contract pricing still has room for further increases in the second half of 2026. Considering the revised long-term agreements and HBM, UBS forecasts a 43% quarter-on-quarter increase in DRAM average selling prices in Q2 2026, a 21% increase in Q3, and a 13% increase in Q4; for NAND, it expects a 43% quarter-on-quarter increase in the mixed average selling price in Q2, a 25% increase in Q3, and a 10% increase in Q4. Taking into account the upward revision of average selling price forecasts, UBS has raised its SK Hynix operating profit forecast by 7% to 327 trillion won this year, and by 12% each for the next two years to 623 trillion won and 667 trillion won.