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The MoneyMakers newsroom

Latest edition 17 Oct 2026

Business & startup news, page 5

The latest on emerging businesses, funding, acquisitions, AI and automation.

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Infrastructure

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Conceptual illustration of a hand holding a smartphone near a chip-bearing jeweled crown, with Veritas named above.

Startups & growth· News

Veritas says its new authentication chip works on metal and through glass

Veritas founder Luci Holland says a second-generation chip is ready for production. An ATHLOS crown integration illustrates the company’s authentication business, but Veritas dates that experience to September, before the chip report, and does not identify the chip version.

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17 Oct 2026

Conceptual illustration of container trucks approaching a freight terminal beneath a goFlux sign.

Startups & growth· News

goFlux to market VLI’s Trato truck-scheduling software under exclusive rights

goFlux will operate and exclusively commercialize VLI’s Trato terminal-scheduling software while VLI retains its intellectual property. The partners aim to offer a tool used within VLI to other logistics businesses; outside sales have not been established.

16 Oct 2026 · MoneyMakers

Conceptual illustration of a cutaway electric motor connected by cables to a control box on a workbench, with Vimag Labs named above.

Startups & growth· News

Vimag Labs starts manufacturing at first Haryana facility, reports first export

Vimag Labs says its Jhajjar facility has begun making motor and control systems and exported a first production batch. The buyer and batch size are undisclosed; its ₹50 crore investment plan and monthly capacity target describe a proposed build-out, not current output.

16 Oct 2026 · MoneyMakers

Conceptual illustration of utility-scale battery storage equipment beside an unfinished installation, representing Statera Energy’s portfolio.

Acquisitions & ownership· News

Ares funds buy minority stake in Statera Energy’s 1.9GW UK portfolio

Ares Infrastructure Equity funds acquired a significant minority stake in a Statera Energy portfolio described as approximately 1.9GW. Statera says it will continue to own, operate and manage the assets. Its undated project listing and history page disagree about whether Thurrock Power is operational; neither establishes the portfolio’s operating capacity on October 14.

15 Oct 2026 · MoneyMakers

Conceptual illustration using subject names or verified marks with simple background shapes.

Startups & growth· News

CedarDB announces managed cloud database; setup guide requires a payment card

CedarDB calls its managed database generally available. Its published guide describes self-service project creation, but requires card verification before the first project. TechCrunch reported limited availability on the announcement day; CedarDB’s Get Started page also retains a ‘Join the Waitlist’ prompt. Published instructions do not establish that every new user can provision an instance.

15 Oct 2026 · MoneyMakers

Editorial illustration of fiber connections passing through an optical-switch module between AI data-center computing racks.

Funding & fundraising· News

Salience Labs raises $125 million for optical-switch manufacturing push

The Oxford startup is financing a push into manufacturing and larger switches for AI data centers. Its described evaluation platform and 64-port demonstration are distinct from disclosed customer deployments.

15 Oct 2026 · MoneyMakers

Conceptual editorial print with the name Forterra over overlapping, unmarked planes representing a shared operator view.

Startups & growth· News

Forterra launches OneLink interface, says it will integrate Army training-center systems

Forterra launched OneLink, an interface for operating autonomous systems from different vendors, and said it was selected to integrate unmanned systems at the Army's Joint Readiness Training Center. Forterra says OneLink is already integrating unmanned systems there, but the reviewed sources do not independently confirm the selection or disclose its commercial terms.

12 Oct 2026 · MoneyMakers

Conceptual illustration of server racks with an unfinished bay, representing a planned AI computing facility.

Startups & growth· News

VOLT gains prospective first customer as Nebius signs Rotterdam AI capacity letter of intent

Nebius has signed a letter of intent to take computing capacity at VOLT’s planned Rotterdam AI campus. VOLT’s chief executive says the prospective customer helps its financing effort, but a definitive offtake agreement, equipment arrangements, financing and permits remain ahead.

12 Oct 2026 · MoneyMakers

Editorial illustration of a portable manufacturing container and metal component, identified as Snowbird Technologies.

Startups & growth· News

Snowbird Technologies’ RIMPAC sheet shows three parts costlier on wire and gas

Snowbird Technologies’ itemized results from a military exercise put its reported printing costs below listed procurement prices for four parts and above them for three. The comparison covers wire and gas, not the full cost of operating its deployable manufacturing system.

11 Oct 2026 · MoneyMakers

Conceptual illustration of the name KONST beside an unmarked GPU server rack.

Funding & fundraising· News

KONST says $30 million Series B will back Asian AI data centers and enterprise compute services

KONST says ADATA Technology led its $30 million Series B, with M Mobility and Pegatron Venture Capital among the named participants. The Taiwan-based company plans to expand AI data-center work and connect GPU capacity, cloud access and controls for enterprise AI use. Its announcement does not establish when the financing was paid.

11 Oct 2026 · MoneyMakers

Editorial print illustration with the name Deno beside an unmarked server module.

Startups & growth· News

Deno team joins Cloudflare as runtime development and Deploy hosting face an end

Deno says its entire team is joining Cloudflare to work on self-hosted Workers. It promises another year of runtime fixes and security updates, six more months of Deno Deploy operations, and migration support for paying Deploy customers moving to Workers.

10 Oct 2026 · MoneyMakers

Editorial illustration of a layered power cable against a data-center service corridor, with the name VEIR.

Funding & fundraising· News

VEIR closes $110 million Series C to move data-center power systems toward deployment

VEIR says its new financing will support manufacturing and initial commercial projects for superconducting power systems. Its reported 3-megawatt demonstration took place in a simulated data-center environment, not at an identified customer installation.

10 Oct 2026 · MoneyMakers

Editorial illustration of an unmarked satellite beside the name Xona Space Systems.

Startups & growth· News

Xona Space Systems plans Pulsar timing beta with TimeBeat after satellite launch

TechCrunch reports a specific timing test planned by TimeBeat after Xona’s expected six-satellite launch. Xona named TimeBeat as a commercial partner in 2025, so this is not a new customer signing. The launch and beta remain prospective.

10 Oct 2026 · MoneyMakers

Illustration of a parcel on a fulfillment conveyor with the Stord name.

Funding & fundraising· News

Stord closes $400 million Citi-led credit facility to expand fulfillment network

Stord announced a $400 million Citi-led credit facility for network and technology investment. The company has not said how much it has drawn or disclosed pricing and maturity; the facility is distinct from its May equity round.

9 Oct 2026 · MoneyMakers

Illustration of an unmarked flow-chemistry reactor in a pharmaceutical development laboratory.

Startups & growth· News

CSIR opens FuturePHARMA to small pharmaceutical developers in South Africa

CSIR says its operational FuturePHARMA facility is open to universities and small businesses developing pharmaceutical processes and materials. Qualification by South Africa's medicines regulator remains a hurdle before its products can proceed to clinical evaluation; expanded contract manufacturing is a proposed next phase.

9 Oct 2026 · MoneyMakers

Editorial illustration of an industrial vessel and dark carbon flakes, with the names Levidian and Dana Gas.

Startups & growth· News

Levidian and Dana Gas start graphene production at Sharjah site

Levidian and Dana Gas say their first Sharjah Graphene Park unit is operating, with annual capacity above one tonne. Prospective customers are trialling the material; the partners’ larger production plans depend on additional equipment.

9 Oct 2026 · MoneyMakers

Editorial illustration of an industrial motor-drive cabinet beside the names Advanced Industrial Devices and Kohlberg.

Acquisitions & ownership· News

Kohlberg buys majority of Advanced Industrial Devices from Black Bay

The buyout shifts control of an industrial automation supplier to Kohlberg while leaving AID management invested. AID offers motor controls, power-distribution equipment and support services for water systems, data-center cooling and other infrastructure.

8 Oct 2026 · MoneyMakers

Editorial illustration featuring the name Startbutton and an unmarked payment card.

Startups & growth· News

Startbutton opens Trot beta for African payments, with production access gated

Startbutton opened early access to Trot on October 6, 2026. Businesses can test its payment, treasury, currency-conversion and payout workflow in a sandbox; production use requires verification. Conversion and settlement remain manual in the beta.

8 Oct 2026 · MoneyMakers

Editorial illustration featuring the names V-Key and CloudsineAI against a dark blue background.

Acquisitions & ownership· News

V-Key announces majority investment in CloudsineAI to pair identity and AI security

V-Key announced a majority investment in Singapore-based CloudsineAI on October 6, 2026. The companies plan to combine digital-identity and AI-security tools. An earlier public-sector contract offers a view of CloudsineAI’s customer work, but its announced scope is not evidence of completed deployment.

7 Oct 2026 · MoneyMakers

Editorial illustration centered on the name Procuros against simplified commerce shapes.

Funding & fundraising· News

Procuros announces €20 million Series A led by XAnge for supply-chain platform

XAnge announced that it led Procuros’s €20 million Series A on October 6, 2026. XAnge says the supplier-retailer connectivity company serves more than 300 customers across DACH and the UK and handles over €3 billion in annualized order volume, which is not Procuros revenue.

7 Oct 2026 · MoneyMakers

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