Proximal Ventures raises debut fund to back startups bringing AI to drug development; plus, PSI is trying to make a business out of AI-driven scientific discovery

Two startups tackling the data center water problem are joining forces in a $16 million deal. Also, space infrastructure company Northwood Space on Monday said it had raised $375 million in a Series C round co-led by Andreessen Horowitz and DFJ Growth, valuing the company at $2 billion. Learn mo…

Matiks has introduced a new platform for users to create games using AI. Also, "despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech." And Warhound, the brain child of Ben Lamm and P…

-Trajectory is a one-year-old startup is now valued at $300 million. -Evertrue Capital announces $17M debut fund to back early stage AI and fintech. Learn more about your ad choices. Visit podcastchoices.com/adchoices

-Trained on 100 million square feet of building permits, dream wants to disrupt Autodesk with AI. -The cloud security startup raised a Series C at a $3.8B valuation, instead of selling itself for the same price. -Mintive was founded by two engineers who have been working on AI for decades through…