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Seneca, which is developing autonomous firefighting drones, raised $60M in seed and Series A rounds led by Caffeinated Capital and Convective Capital (Christopher Marquis/Forbes)

Christopher Marquis / Forbes : Seneca, which is developing autonomous firefighting drones, raised $60M in seed and Series A rounds led by...

1 July 2025

Morgan Stanley says xAI raised $5B of equity in addition to $5B in debt; the company raised $6B in December from a16z and others (Miles Kruppa/The Information)

Miles Kruppa / The Information:
Morgan Stanley says xAI raised $5B of equity in addition to $5B in debt; the company raised $6B in December from a16z and others  —  Elon Musk's xAI raised $5 billion of equity in addition to $5 billion in debt, according to Morgan Stanley, which advised on the debt transactions.

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