Private Equity 24 Hours

Last updated: May 2, 2026, 11:30 AM ET

Venture & Growth Equity Funding

Defense technology was a dominant theme in large U.S. venture rounds this week, capped by a massive $600M raise secured by space security startup True Anomaly, alongside other substantial deals applying AI to fintech and marketing sectors. Separately, direct-to-consumer brand Musely secured $360M from General Catalyst via a non-dilutive financing structure intended to fuel customer acquisition efforts without equity dilution.

Private Equity Strategy & AI Integration

Firms are viewing artificial intelligence as an "offensive weapon," according to TPG, whose software holdings within its portfolio demonstrated a 20% year-on-year growth rate despite the accelerating pace of AI-driven disruption across industries. This optimistic stance suggests private equity managers are actively deploying capital into technologies expected to drive efficiency gains and market share expansion in the coming years.