Startup

Kalshi is reportedly in advanced talks to raise about $1 billion at a $40 billion valuation, according to people familiar with the matter cited by Reuters.

The new cohort, dubbed Surge 12, marks the first time the venture firm's flagship seed-stage platform has operated under the higher funding limit.

KelpDAO has sued LayerZero and co-founder Bryan Pellegrino in British Columbia, alleging that undisclosed flaws enabled a $292 million exploit.

The deal values NIO Power at about RMB 16 billion ($2.4 billion) after money enters the unit.

PNOĒ is preparing to launch the PNOĒ 2.0 on October 1, introducing a portable metabolic-testing mask that aims to bring laboratory-style breath analysis to gyms, pharmacies, and other everyday settings.