Private Equity 24 Hours

Last updated: August 15, 2026, 11:35 AM ET

Venture Capital and AI

Joshua Kushner, founder of Thrive Capital, has cautioned Silicon Valley venture capitalists against succumbing to "AI euphoria," urging them to maintain investment discipline despite the sector's immense potential. In his inaugural investment letter, Kushner emphasized that while the AI opportunity is significant, it would be a "grave error" to let excitement compromise sound judgment. This sentiment comes as the artificial intelligence field continues to attract substantial capital, though scrutiny regarding valuation and sustainable growth is increasing.

Top Funding Rounds

The past week saw significant funding activity, with Databricks leading the pack by raising an additional $5 billion, just eight months after a similar capital infusion. Other substantial rounds included an AI neolab, a data center and electricity storage firm, and a defense technology company. This highlights continued investor interest in foundational AI infrastructure and related sectors.

Sector Consolidation and Investment

In the private equity space, Shurco, a manufacturer of cargo control systems, has acquired Heavy Motions Inc., marking a move to expand its operational capabilities. Separately, Battery Ventures has invested in Vetspire, an AI operating system designed for veterinary practices. The funds will fuel Vetspire's product innovation and AI development to better serve veterinary teams.