Reddit shares surged after the social media platform was confirmed for inclusion in the S&P 500 index, marking a significant milestone in the company's post-IPO trajectory and its acceptance among America's largest publicly traded companies.
India's climate-tech sector attracted $791 million across 74 funding rounds in the first five months of 2026, with late-stage transactions dominating capital deployment as policy measures including the PM E-DRIVE scheme and the upcoming Carbon Credit Trading Scheme reinforce investor confidence.
Wealthtech platform Centricity has raised $29 million, accounting for almost the entirety of Indian fintech's weekly funding haul and reinforcing wealth-management technology as a rising priority for investors.
Edtech unicorn PhysicsWallah has reported a 24 percent year-on-year rise in operating revenue for the first quarter of FY27, alongside a roughly 30 percent narrowing of its net loss, as India's edtech sector shows signs of a disciplined, profitability-focused recovery.
Astrology and spiritual-guidance platform AstroTalk has crossed the billion-dollar valuation mark, becoming India's 133rd unicorn and underscoring investor appetite for consumer-tech platforms built on trust and habitual engagement.
Larsen & Toubro's data centre arm Vyoma.AI has secured a contract worth up to ₹15,000 crore from Together AI to deploy 10,000 Nvidia B300 Blackwell Ultra GPUs in a single NVLink-connected cluster in Chennai — India's largest unified AI computing installation to date.
Non-profit accelerator FourthWave has selected 14 US women founders for its eighth annual cohort, spanning health and life sciences, AI and enterprise tools, and sustainability and agriculture technology, as alumni companies have gone on to raise more than $180 million in venture funding.
Reddit will join the S&P 500 on August 18, replacing AvalonBay Communities, in an off-cycle change that sent shares surging more than 15% as index-tracking funds managing trillions of dollars prepare to buy the stock, capping a strong second quarter that saw revenue jump 61% year-over-year.
Israeli venture creation platform Team8 has raised $365 million in new capital — $265 million for its third core fund and over $100 million for follow-on investments — bringing its total assets under management to nearly $2 billion as it targets Seed and Series A startups building AI-native cybersecurity, fintech and infrastructure companies.
IBM has announced a strategic partnership with OpenAI to embed frontier models including GPT-5.6, alongside Codex and ChatGPT Work, into IBM Consulting Advantage — creating a dedicated OpenAI Practice and joining OpenAI's Elite partner tier as the companies target enterprise AI deployment across finance, government, telecom and retail.