Morning VC Brief丨2025.10.10

Week41 Highlights丨Evenup, n8n, Kernel, Supabase, Axiom Math, Dash0, Paid, Periodic Labs

Author

eric gu
October 10, 2025

Morning VC Brief is an expert daily curation of tech and venture news. Feel free to forward; the sign-up is here

Table of Contents

01. Venture News

1/ AI Personal Injury Law Platform EvenUp Raises $150M Series E at $2B+

  • Product: Claims Intelligence Platform™ powered by proprietary Piai™ model that drafts, reviews, and strategizes across the entire personal injury case lifecycle using AI trained on hundreds of thousands of cases and millions of medical records

  • Highlight: Resolved 200,000+ cases securing $10B+ in damages; 2,000+ firms including 20% of Top 100 U.S. PI firms; ARR doubling YoY; processing 10,000 cases/week (doubled in 6 months)

  • Investors: Bessemer Venture Partners (Lead), B Capital, SignalFire, Bain Capital, Lightspeed

  • Source

2/ Agent Orchestration Platform n8n Raises $180M Series C at $2.5B

  • Product: AI orchestration and workflow automation platform that combines AI, code, and human collaboration, allowing businesses to flexibly control agent autonomy while connecting to tools, data sources, and building production-ready AI workflows

  • Highlight: 6x user growth and 10x revenue growth this year; serves users from home tinkerers to the United Nations

  • Investor: Accel (Lead), Meritech, Redpoint, NVentures

  • Source

3/ Browser Infrastructure Platform Kernel Raises $22M Seed + Series A

  • Product: Browsers-as-a-service platform enabling AI agents to use the internet like humans, with millisecond browser spin-up, persistent state management, secure credential handling, and human-in-the-loop support for automated workflows

  • Highlight: Powers production workloads for startups and public companies including Cash App and Rye

  • Investor: Accel (Lead), Y Combinator, Cintrifuse Capital, Vercel Ventures, SVA

  • Source

4/ Open Source Database Platform Supabase Raises $100M Series E at $5B

  • Product: Postgres-based open source database platform combining enterprise-grade tools for authentication, auto-generated APIs, file storage, and vector toolkit, simplifying database setup to a few clicks as Firebase alternative

  • Highlights: 4 million developer users; powers popular AI coding tools like Lovable, Bolt, Replit, Cursor, and Claude Code

  • Investor: Accel (Lead), Peak XV (Lead), Coatue, Craft Ventures

  • Source

5/ AI Mathematician Platform Axiom Math Raises $64M Seed at ~$300M

  • Product: AI system that solves complex math problems and generates new mathematical knowledge by proposing conjectures and producing rigorous, verifiable step-by-step proofs using proof assistants like Lean and Coq, transforming textbook math into code

  • Highlight: Founded by Stanford dropout Carina Hong (MIT/Oxford background); team includes top AI/math experts from Meta's FAIR lab like François Charton

  • Investor: B Capital (Lead), Greycroft, Madrona Venture Group, Menlo Ventures

  • Source

6/ AI-Native Observability Platform Dash0 Raises $35M Series A

  • Product: First AI-native observability platform powered by Agent0, an SRE AI agent copilot that helps developers fix application/infrastructure issues and creates alerts, dashboards, and pipeline rules

  • Highlight: Acquired 270+ customers across industries in just 9 months since launch

  • Investor: Accel (Lead), Cherry Ventures (Lead), DIG Ventures

  • Source

7/ AI Agent Monetization Platform Paid Raises $21M Seed

  • Product: Infrastructure platform helping SaaS companies transition from seat-based to AI agent business models, offering customer value proofs, custom pricing, outcome-based/hybrid pricing models, true cost tracking, and AI business intelligence dashboards

  • Highlight: early adopters seeing 20-40% revenue increases within 6 months

  • Investor: Lightspeed Venture Partners (Lead), FUSE, EQT Ventures

  • Source

8/ AI Scientific Discovery Lab Periodic Labs Raises $300M Seed

  • Product: Automated scientific discovery platform building "AI scientists" and autonomous laboratories where robots conduct physical experiments, collect data, and iterate to discover new materials like superconductors and generate fresh training data for AI models

  • Highlight: Founded by Ekin Dogus Cubuk (led Google Brain/DeepMind materials team, created GNoME that discovered 2M+ new crystals) and Liam Fedus (former OpenAI VP of Research, helped create ChatGPT and first trillion-parameter neural network)

  • Investor: Andreessen Horowitz, DST, Nvidia, Accel

  • Source