Capital is concentrating around infrastructure
The strongest stories are not only consumer apps. They include satellite infrastructure, EV manufacturing, battery networks, cybersecurity, worker housing and the software layers that help businesses operate.
AI is becoming a capability, not a category
Ringg and Brekfuz show two different AI directions: voice agents embedded in workflows and knowledge systems designed to make organisations easier for humans and AI tools to navigate.
Execution is the new valuation story
Unacademy’s reset is a reminder that valuation follows expectations. Pixxel, Ultraviolette and Swish are being judged on their ability to turn capital into physical capacity, customers and repeat usage.
