Accel
Coverage of Accel in the Nexus archive.
- Exclusive: Arrakis, betting AI’s biggest payoff is in industrial sectors not office work, emerges from stealth with $38 million in venture funding
Arrakis, a London- and Paris-based startup developing an AI operating system for industrial sectors, has raised $38 million in venture funding. The company focuses on applying agentic AI to aerospace, energy, logistics, and manufacturing, aiming to address the 70% of jobs involving physical goods production. Key investors include Blossom Capital, Accel, and individual backers like Datadog CEO Olivier Pomel and OpenAI’s Olivier Godement.
- Exclusive: Marc Lore says Wonder is gearing up for an IPO after raising $650 million at a $9 billion valuation
Marc Lore's food-tech company Wonder raised $650 million in a Series D round at a $9 billion valuation and plans to go public early next year. The funding will support expansion, including entering Texas, and investments in robotics and AI. Wonder operates 135 food halls and owns Grubhub and Blue Apron.
- Move over, Cursor. This AI video startup is having its own breakout moment
Higgsfield, a San Francisco-based AI video startup, reported a $500 million revenue run rate, doubling from last year and achieving cash-flow positivity. The company competes with AI startups like Cursor and Lovable, emphasizing ease of AI media creation for non-technical users and partnerships with 390 Fortune 500 companies.
- Accel raises $5B to back late-stage bets
Accel, a venture capital firm, raised $5 billion in fresh capital to invest in late-stage companies developing AI technologies. The funding aims to support AI-driven innovations at advanced development stages.