Belfort, a cryptographic computing developer, has secured $6 million in seed funding led by Vsquared Ventures.
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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.
UK-based GEO company geoSurge raises $12 million in seed funding.
Mars Finance reports that London-based AI company geoSurge has announced the completion of a $12 million oversubscribed seed round of funding. The company will use the funds to advance its novel approach to AI visibility, helping brands shape how they are presented in generative AI systems such as ChatGPT, Gemini, and Claude. The round was led by AlbionVC, with participation from Play Ventures, Octopus Ventures, Celero Ventures, and Boost Capital. Existing investors Passion Capital and Tuesday Capital also participated, and the round received support from angel investors from Google DeepMind, Microsoft AI, and Signal AI.
Paradigm led a seed funding round for M1X Global to advance sovereign debt tokenization infrastructure.
According to Mars Finance, on July 8th, crypto venture capital firm Paradigm led a seed round of funding for sovereign debt tokenization platform M1X Global, supporting its expansion of on-chain sovereign debt issuance and management capabilities. M1X Global's core product, USDM1, launched in partnership with the Marshall Islands government, is a USD-denominated sovereign debt instrument issued directly on the public blockchain, backed by 1:1 US short-term Treasury bonds and utilizing New York State legal frameworks to provide investor protection. This round of funding will primarily be used to promote the institutional application of USDM1, including its use as compliant collateral in repurchase, margin, and collateralized financing scenarios, and to deepen integration with banks, custodians, and trading platforms. Previously, M1X Global completed a $3 million oversubscribed angel round of funding in March 2026, with investors including Balaji Srinivasan.
Mowito, a physics-based AI startup, has raised $3 million in funding to train factory robots through demonstrations rather than code.
PANews reported on July 8 that, according to the Economic Times, physics AI startup Mowito has completed a $3 million Pre-Seed funding round, led by Version One Ventures, with participation from All In Capital, Unisol, and iSeed. AI researcher Soumith Chintala and founders of Foundry Robotics, Better Capital, and other companies participated as angel investors.
Yitian Intelligent: Subsidiary plans to purchase servers and related equipment for no more than 550 million yuan, mainly for providing computing power services to customers.
According to Mars Finance, Yitian Intelligent (300911.SZ) announced that its wholly-owned subsidiary, Gansu Yisuan Intelligent Technology Co., Ltd., plans to purchase servers and supporting equipment from multiple suppliers. The total contract amount is expected to not exceed 550 million yuan, mainly for providing computing power services to customers. (Cailian Press)
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)