SmartThings Raises $12.5M

Cowboy Space Corporation

Cowboy Space Corporation is building a power grid in outer space for artificial intelligence. Using an integrated system of satellites and rockets, we will send high-performance compute and optical data transmission to Low Earth Orbit. Our constellation of satellites, Stampede, will harness abundant solar power to run on-orbit GPU data centers. With each launch, Stampede grows the power and compute capacity for humanity. Earth's energy grid can't run at the pace of AI. We can. AI is driving the largest infrastructure buildout in recent history, and the power grid on planet Earth can't keep pace. In major US markets, average grid connection lead times for new data centers can run 5-7 years or more. Meanwhile, AI demand is flat-out outgrowing Earth's pastures. Full-Stack Architecture: Traditional architecture treats the rocket as a workhorse and the satellite as freight. In our system, the rocket's upper stage is the satellite itself. It's a 1-megawatt data center with active thermal management and integrated compute, designed as one unified vehicle from the ground up. We trim the fat on redundant structure and avionics, dedicating every possible kilogram of compute to Low Earth Orbit. By owning our manufacturing and dedicated launch sites, we vertically integrate core technologies that enable deploying compute at scale. We’ve raised a $275M Series B at a $2B valuation led by Index Ventures, with participation from new investors IVP, Blossom Capital, and SAIC, alongside existing investors Breakthrough Energy Ventures, Construct Capital, Andreessen Horowitz, NEA, Interlagos and Baiju Bhatt.

Waterdrop

Founded in 2015, Waterdrop strives to provide global users with high quality water purification solutions that meet various water needs. The name Waterdrop comes from the desire to deliver clean, safe, and healthy drinking water from the first sip to the last drop. Throughout the 5 years, Waterdrop has designed, engineered, and delivered more than 200 water purification products, including refrigerator filters, water filter pitchers, Filterstraw, and under-sink water filtration systems. With more than 100 patents, Waterdrop’s team of professional product designers is committed to excellence. The brand launched the U.S. market’s first reverse osmosis system with composite filters and a tankless design. The revolutionary product design offers multiple stages filtration—not only offering healthy drinking water but also reducing the use of plastic. In addition to continuous innovation and a passion for perfection, Waterdrop is dedicated to creating shared value and making a positive impact on society as a whole. With advanced technology and a professional global online sales platform, Waterdrop continues to expand its international market. Its products are exported to Europe, Australia, and the Middle East. The belief in sustainability throughout all its operations is part of Waterdrop’s DNA.

Springbig

Springbig is the leading provider of customer loyalty and communications solutions for regulated industries. With retailers across the United States, Springbig helps businesses keep their customers connected and engaged while enabling them to track their success and ROI in real time.

SixFifty

Manage HR compliance like an employment lawyer without having to *be* a lawyer.? SixFifty helps HR teams confidently tackle complex multi-state compliance work without the headaches. With SixFifty’s Employment Law Compliance Platform, you can draft customized employment documents (like policies, agreements, and state addenda) in just minutes—without having to pay an arm and a leg to have a lawyer draft them for you. When the law changes, we’ll push updates straight to your documents so you don’t have to hunt them down yourself. Plus, with SixFifty AI, you can get plain-language answers to your employment law questions in seconds—all sourced from our industry-leading employment law database of entries drafted by real human legal experts. Ready to learn more or book a 1:1 strategy consultation? Visit www.sixfifty.com and click "Request a demo."

Silverchair

Silverchair is the leading independent platform partner for scholarly and professional publishers, serving our growing community through flexible technology and unparalleled services. Our teams build, maintain, and innovate platforms across the publishing lifecycle—from idea to impact. Our products facilitate submission, peer review, hosting, dissemination, and impact measurement, enabling researchers and professionals to maximize their contributions to our world.