Morning VC Brief丨2026.05.12

Week20 Highlights丨Astranis, Corgi, Enter, Vori, Tessera Labs, Ethos, Moritz, Fazeshift

Author

eric gu
May 12, 2026

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/ Astranis — High-Orbit Spacecraft — $300M Series E

  • Product: Advanced satellites for GEO and other high orbits, including dedicated secure communications networks for enterprise, sovereign government, and US military customers.

  • Highlight: Now has five satellites on orbit and more than $1B in commercial contract backlog, while pushing into dedicated secure networks for enterprise, sovereign, and military customers.

  • Investors: Snowpoint Ventures and Franklin Templeton (Lead), Andreessen Horowitz, BlackRock-affiliated funds, Baillie Gifford, Fidelity

  • Source

2/ Corgi — AI Business Insurance Platform — $160M Series B

  • Product: Business insurance platform offering general liability, cyber liability, and tech and AI liability coverage.

  • Highlight: Customers include Deel and Artisan as demand grows for faster business insurance across general liability, cyber liability, and tech and AI liability use cases.

  • Investor: TCV (Lead), Kindred Ventures, Leblon Capital, and First Order Fund

  • Source

3/ Enter — AI Legal Department OS — $100M+ Series B

  • Product: EnterOS, an AI operating system for corporate legal departments that manages civil and labor litigation workflows with agents and partner law firms.

  • Highlight: Revenue grew over 10x in a year, client count tripled, and more than 300,000 lawsuits per year now run through EnterOS, making Enter Latin America's first AI unicorn.

  • Investor: Founders Fund(Lead), Ribbit Capital, Sequoia Capital, ONEVC, Atlantico

  • Source

4/ Vori — Autonomous Grocery OS — $22M Series B

  • Product: Self-driving operating system for grocery stores, unifying checkout, payments, inventory, ordering, pricing, promotions, and store operations into one AI-enabled platform.

  • Highlights: Payment volume doubled in the past six months, stores are being onboarded every 24 hours, and Vori has processed more than $500M in payments across 55 cities since January 2024.

  • Investors: Cherryrock Capital (Lead), Greylock Partners and The Factory.

  • Source

5/ Tessera Labs — AI ERP Modernization — $60M Series A

  • Product: Vendor-agnostic, multi-agent platform for modernizing ERP and other mission-critical enterprise systems with natural-language requirements capture, traceable change execution, and governed modernization workflows.

  • Highlights: Early deployments include a global top-five biopharma company and a Fortune 500 document technology and business services provider, pointing to enterprise demand for governed AI modernization of legacy ERP systems.

  • Investors: Andreessen Horowitz(Lead), Foundation Capital, Myriad Venture Partners, and Osage University Partners

  • Source

6/ Ethos — AI Expert Network — $22.75M Series A

  • Product: AI-native expert network using voice onboarding, public data, and natural-language matching to connect companies with specialized experts.

  • Highlights: Top hedge funds, private equity firms, foundational AI labs, and enterprise consulting teams are already using the product, with roughly 35,000 experts joining each week and eight-figure annualized revenue on track.

  • Investors: Andreessen Horowitz (Lead), General Catalyst, XTX Markets, Evantic Capital, and Common Magic.

  • Source

7/ Moritz — AI-Native Law Firm — $9M Seed

  • Product: AI-native law firm combining proprietary software with human lawyers to accelerate contract drafting, review, redlining, and routine corporate legal work.

  • Highlights: Handled $2B in aggregate contract value across 100 companies over the past three months, positioning its AI-native law-firm model around speed, lower legal cost, and high-volume contract workflows.

  • Investors: Y Combinator, Urban Innovation Fund, 20VC, Inception Fund

  • Source

8/ Fazeshift — Accounts Receivable AI Agents — $17M Series A

  • Product: AI-native finance operations platform that deploys agents to execute accounts receivable workflows, including invoicing, collections, payment reconciliation, customer communication, and system updates.

  • Highlights: Revenue grew 12x over the past year, and the platform is already automating more than 90% of manual AR tasks for dozens of enterprise customers, including eight unicorns.

  • Investors: F-Prime (Lead), Gradient, Y Combinator, Wayfinder, Pioneer Fund, Ritual Capital

  • Source