Startup Name: Periodic Labs

Industry: Artificial Intelligence

Region: United States

Amount (USD): $300 million

The problem it is solving: Periodic Labs aims to solve the slow, manual, and resource-intensive process of scientific discovery. It’s addressing how traditional research relies on human experimentation, which limits the pace of innovation in materials science and energy technologies. The company wants to automate scientific discovery by creating AI-powered laboratories where robots conduct, analyse, and learn from physical experiments autonomously.

What the Funds Will Be Spent On: Building autonomous AI laboratories that can perform and iterate scientific experiments. Developing AI scientists capable of discovering new materials like superconductors and other next-gen compounds. Expanding its research and engineering team made up of experts from OpenAI, DeepMind, and Microsoft. Collecting vast amounts of new physical-world data to train future scientific AI models.

Startup Name: Flying Tulip

Industry: Cryptocurrency

Region: Global

Amount (USD): $200 million

The problem it is solving: Flying Tulip addresses the challenges of risky tokenomics and fragmented DeFi products by: Providing investors downside protection through its on-chain redemption model (a perpetual put option); Building a full-stack DeFi exchange that integrates spot trading, perpetuals, lending, options, stablecoins, and on-chain insurance in one platform; Reducing pressure on founders to make short-term decisions by ensuring investors can always redeem their principal.

What the Funds Will Be Spent On: Deploying up to $1B in on-chain yield strategies (Aave, Ethena, Spark) to generate sustainable revenue (~4% yield). Funding platform development (spot trading, derivatives, lending, stablecoin, insurance). Hiring and scaling its 15-person team across multiple regions. Incentives, growth, and token buybacks.

Startup Name: Descope

Industry: Cybersecurity

Region: Israel

Amount (USD): $35 million

The problem it is solving: Descope addresses the complex challenge of user authentication and identity management. It helps organisations securely manage identity journeys for users, partners, and AI agents using no-code and low-code workflows, reducing risks like account takeovers while improving customer experience.

What the Funds Will Be Spent On: The funds will be used to expand research and development in “agentic identity,” broaden Descope’s platform to new regions, and grow its engineering, product, and customer experience teams.