Accel

Armadin's $255.5M Series B Caps Kevin Mandia's Next Act

Kevin Mandia, after building and selling Mandiant to Google, has steered Armadin to a $255.5M Series B at a $2.5B+ valuation. The round mixes new and existing blue-chip investors.

Cognition AI hits $48B valuation with $2B Series E as revenue nears $900M

Cognition AI closed a $2 billion Series E led by Andreessen Horowitz and Accel, nearly doubling its valuation to $48 billion in just over three months. Run-rate revenue jumped from $492 million to nearly $900 million, signaling intense enterprise traction for autonomous coding agents. Existing investors returned, reinforcing insider confidence in the breakout AI startup.

Source: thestar.com.my

Accel's 8.6x on Rentomojo: Rs 317 Cr Payday in India's Rental IPO

Rentomojo's Rs 4,246 crore IPO is a milestone exit for India's venture ecosystem, handing Accel up to 8.6x and Rs 317 crore, Chiratae Ventures nearly 5x, and Madison India Capital 7.2x. Founder Geetansh Bamania retains a 14.7% stake worth Rs 602 crore while the company raises just Rs 150 crore in fresh capital.

Accel's Mitra: 3 Deep-Tech Sectors Indian Founders Should Track

Indian founders should brace for a more disciplined funding environment, Accel's Subrata Mitra says. He points to deeptech, spacetech, and technology-led manufacturing as three areas where India can build defensible startups, and emphasizes founder resilience as the key to breakout success.

Accel-backed Rentomojo seeks ₹1,256 Cr IPO at ₹384-404

Accel-backed Rentomojo has set a ₹384-404 price band for a ₹1,255.57 crore IPO, potentially creating a liquidity event for early venture investors. The offer is dominated by a ₹1,105.57 crore OFS, while the company reports 35.26% three-year average RoNW. Listing is tentatively scheduled for September 17.

Lovable's $400M Series C Doubles Valuation to $13.3B

The Swedish startup's $400 million Series C, co-led by Menlo Ventures and EQT's Scaleup Europe Fund, doubled its valuation to $13.3 billion in eight months. The round includes Tencent and Balderton as new backers, while existing investors Accel, Antler, CapitalG, and HubSpot Ventures retain stakes. ARR is tracking toward $600 million by end of August.

Accel's $550M India Fund Goes All-In on AI Startups – What Founders Need to Know

Accel’s ninth India fund of $550 million prioritizes AI, enterprise software, and advanced manufacturing. Early-stage checks will stay at $3-4 million, and founders in AI will find a well-resourced partner with a proven unicorn track record.

Elevation Capital drops $500M for AI startups amid India VC fundraising boom

Elevation Capital launches a $500M early-stage fund to back AI-native startups, heating up competition among Indian VCs that have raised over $2.5B cumulatively. The fund's exclusive AI focus signals a shift from generalist to thesis-driven investing, directly impacting founder access to capital.

Stealthy Arrakis grabs $38M Series A at $140M valuation for industrial AI

Seven-month-old Arrakis, founded by a former Accel VP, raised a $30M Series A led by Blossom Capital at a $140M post-money valuation, bringing total funding to $38M to bring agentic AI to industry.

$27M Seed: How Pramaana Labs' 'Never Wrong' AI Landed Khosla Ventures

With a $27M seed round co-led by Khosla Ventures, Accel, and other top VCs, Pramaana Labs is carving out a new category—AI formal verification—that addresses the trust crisis in enterprise AI by mathematically proving every answer.

Twenty’s $100M Series B makes it first cyber warfare unicorn at $1B

Twenty becomes the first venture-backed offensive cyber warfare unicorn after a $100 million Series B led by Accel, raising $138 million total since 2024 and validating a new startup category built on government offense contracts.

Accel and Prosus Launch Atoms X to Back 'Leaptech' Frontier Startups

Accel and Prosus have unveiled the inaugural cohort of Atoms X, a specialized track within Accel's Atoms program designed to fund high-risk, long-gestation 'leaptech' startups. The program features a unique 60/40 investment structure to reduce founder dilution while supporting breakthroughs in aerospace, climate, and space communications.

Source: Ayanti Bera (in) · Ranveer Singh (in)

Nvidia and Accel Lead $250M Push for India's Sarvam AI at $1.5B Valuation

Indian AI startup Sarvam is in advanced talks to raise $250 million from a high-profile consortium including Nvidia, Accel, and HCLTech. The deal is set to value the company at $1.5 billion, marking a significant milestone for India's sovereign AI ambitions and the development of regional large language models.

AI-Led Wealthtech Surges in India as VCs Pivot to Mass-Affluent Disruption

Indian fintech is undergoing a structural shift as venture capital flows into AI-driven wealth management platforms targeting the 'mass-affluent' segment. Startups like Otto Money, Bachatt, and Oolka are currently seeking over $30 million in combined funding to scale personalized advisory services powered by the India Stack.

OpenAI Acquires Astral: A Strategic Play for Python Infrastructure Dominance

OpenAI has announced the acquisition of Astral, the startup behind the high-performance Python tools Ruff and Uv. This move signals OpenAI's commitment to verticalizing its development stack and securing the future of the Python ecosystem it relies upon.

Source: openai.com · astral.sh

Basis Hits $1.15B Unicorn Status with $100M Round to Automate Accounting

AI accounting startup Basis has raised $100 million in a Series B round led by Accel, valuing the company at $1.15 billion. The startup deploys autonomous 'agentic AI' to handle complex financial workflows, aiming to solve a critical talent shortage in the professional services sector.