Topic
Domain-specific AI products targeting under-digitised industry workflows rather than general-purpose assistants.
Koch's venture arm made a strategic investment of undisclosed size in AI sales startup Emanate, Fortune reported. Emanate would not name a Koch company using the product. The record holds an investor's thesis and no confirmed deployment.
Reality
EliseAI raised $350 million at a $4 billion valuation, up from $2.2 billion 13 months earlier, with a16z and Bessemer co-leading again. On reported recurring revenue above $200 million, that is about 20 times sales, close to the multiple on its last round.
Perspective Coverage
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Felicis led the $18M, which follows a $5.5M seed in July 2025 and came with no valuation. Magentic says its agents draft supplier messages, route purchases and clear invoices, with humans brought in at key review points.
Reality
CADDi raised $114 million at a $1.2 billion valuation and is opening its platform in the US, where the people who can name a saving sit in purchasing and the drawings they need to search are often still on paper.
Reality
Volve's seed is small next to the Dutch rival already buying up the category, and its moat claim rests on knowledge that has to be re-earned in every new procurement regime.
Reality