Skild AI Raises $1.4B; Valued Over $14B
Skild AI is developing a general “omni-bodied” foundation model designed to operate robots across tasks, positioning it in the fast-growing Physical AI segment. The company has raised $1.4B to continue scaling its model and support future enterprise and commercial deployments. This financing further underlines investor appetite for foundational AI platforms that can translate into real-world industrial and service applications. Skild AI is an underlying asset of VenCap 6, VenCap 16 and VenCap 17.

ElevenLabs Crosses $330M in ARR; Valued at $6.6B
ElevenLabs, an AI voice generation company, reported it has crossed $330M in annual recurring revenue. Separately, ElevenLabs has conducted an employee tender offer that values the company at $6.6B, providing staff with a liquidity option while underscoring continued investor support. Together, the ARR milestone and tender valuation point to sustained momentum in enterprise and developer adoption for voice AI products. ElevenLabs is an underlying asset of VenCap 16 and VenCap 17.

Astranis Raises New Funding Round; Valued Above $2B
Astranis builds geostationary satellites (orbiting ~35,000 km above Earth) to deliver communications coverage for internet, phone, and satellite-to-satellite relay. The company is raising a new funding round valuing it above $2B, with Snowpoint reportedly set to lead. Founder backgrounds include CEO John Gedmark (formerly ran the Commercial Spaceflight Federation for five years) and CTO Ryan McLinko (previously an engineering lead at Planet Labs). The round reflects increasing demand for lower-cost communications satellites, particularly amid heightened defence-tech interest. Astranis is an underlying asset of VenCap 6, VenCap 16 and VenCap 17.

BitGo Targets IPO at Up to $1.96B Valuation
BitGo, a US crypto custody firm founded in 2013, has filed for a US IPO targeting a valuation of up to $1.96B. The company and certain existing shareholders aim to raise as much as $201M by offering 11.8M shares at a proposed range of $15–$17, with plans to list on the NYSE under “BTGO”. The transaction is framed against a recovering IPO market (building on momentum from 2025) and ongoing investor preference for more regulated, “flight to quality” crypto exposure. BitGo is an underlying asset of VenCap 6.

Sources: Reuters; Bloomberg; ElevenLabs