Morning VC Brief丨2025.11.25

Week48 Highlights丨Physical Intelligence, Wispr Flow, Model ML, Automat, Cookiy AI, Decoda Health, Maritime Fusion, Momentic

Author

eric gu
November 25, 2025

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Table of Contents

01. Venture News

1/ Universal Robot Brain Physical Intelligence Raises $600M at $5.6B

  • Product: Software-first AI platform creating a "universal brain" for general-purpose robots using reinforcement learning (RL)

  • Highlight: π*0.6 model allows robots to learn autonomously from mistakes, achieving 13-hour continuous operation

  • Investors: CapitalG (Lead), Jeff Bezos, Thrive Capital, Lux Capital, Index Ventures, T. Rowe Price

  • Source

2/ Voice-Native Computing System Wispr Raised $25M

  • Product: Voice-native computing platform "Wispr Flow" with proprietary foundation models for speech-based interaction. Works seamlessly across applications including IDEs for voice coding

  • Highlight: Average user writes 75% of characters by voice after 6 months; Strong adoption among engineers for voice coding in IDEs

  • Investor: Notable Capital(Lead), Flight Fund

  • Source

3/ Digital Teammates for Finance Model ML Raised $75M Series A

  • Product: Agentic AI technology that automates investment banking grunt work - from creating pitch decks to due-diligence reports and investment committee memos

  • Highlight: already secured clients on Wall Street and major consultancy firms

  • Investor: FT Partners (Lead), Y Combinator, QED Investors

  • Source

4/ AI Automation Platform Automat Raised $15.5M Series A

  • Product: AI agents platform that automates business processes through click-based automation (RPA) and intelligent document processing (IDP), allowing non-technical operators to create automations by simply showing workflows

  • Highlights: Processing millions of insurance claims documents saving 7-figures in OpEx; Automating 1,400+ daily banking workflows

  • Investor: Felicis (Lead), Initialized, Khosla Ventures, Y Combinator, K5 Global, Input Capital

  • Source

5/ Agentic Voice AI Platform Cookiy AI Raised $7M Seed

  • Product: Agentic Voice AI platform that conducts natural, human-like conversations with consumers to uncover motivations and preferences, transforming consumer research into actionable intelligence in under 48 hours

  • Highlight: Compresses months of research into 48-hour insights; 10x faster and cheaper than traditional methods

  • Investor: Liquid2, Converge, GoAhead, UpHonest

  • Source

6/ AI-Native Healthcare Platform Decoda Health Raised $4.5M Seed

  • Product: AI-native operating system for clinical care featuring AI Receptionist (handles calls, bookings, records) and AI Scribe (generates clinical notes); includes scheduling, forms, communication, charting, inventory, and analytics modules

  • Highlight: 5M+ patient interactions handled; $100M payments processed annually; Live in 150 clinics across US

  • Investor: Y Combinator (Lead), The Fintech Fund, Graphene Ventures

  • Source

7/ Fusion Energy Startup Maritime Fusion Raised $4.5M Seed

  • Product: Develops HTS (High-Temperature Superconducting) cables and tokamaks for fusion energy

  • Highlight: Established HTS magnet lab in San Francisco; Partnering with Columbia University via Sponsored Research Agreement and DOE's DIII-D National Fusion Facility

  • Investor: Trucks VC (Lead), Paul Graham, Aera VC, Alumni Ventures, Y Combinator

  • Source

8/ AI-Powered Testing Platform Momentic Raised $15M Series A

  • Product: AI-native verification layer for software that allows teams to describe tests in plain English; AI handles navigation, interaction, and validation automatically

  • Highlight: 200M+ steps executed monthly; 390K+ bugs caught last month; Automated equivalent of 300K hours manual testing

  • Investor: Standard Capital (Lead), Dropbox Ventures, Y Combinator

  • Source