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Accounting software startup Rillet raised $100M led by ICONIQ at a $1B valuation. It is the AI-native ERP vendor's third raise in about a year, as it pitches finance agents that work inside the general ledger.
Mitsubishi Electric agreed to buy PCI Energy Solutions, an Oklahoma-based maker of software for the power market, for $1.4B. Jiji Press called it the Japanese company's largest acquisition ever.
Cribl bought the technology and IP behind Radiant Security's AI SOC product, which triages, investigates and resolves security alerts on its own. Cribl will run it as an application on its telemetry data platform.
BILL reported fiscal fourth-quarter revenue of $436.2M, up 14%, with a GAAP net loss of $18.5M that included $76.6M in restructuring charges. The finance-automation vendor guided fiscal 2027 revenue to $1,807M-$1,857M.
Stripe agreed to acquire OpenRouter, which routes AI requests across more than 400 models from over 80 providers. The deal pushes Stripe from payments into managing how businesses spend on AI tokens.
Sage acquired Bangert, a construction technology and consulting firm that helps contractors move onto Sage Intacct Construction. The deal brings implementation work in-house to speed up how quickly new construction customers get running.
Jack Henry reported fiscal fourth-quarter GAAP revenue of $644.0M, up 4.7%, with diluted EPS falling to $1.57. The bank-software vendor guided fiscal 2027 GAAP revenue to $2,684M-$2,709M.
Fortinet acquired Virtue AI, which tests and protects AI models, chat apps and autonomous agents. The deal takes Fortinet's FortiAIGate product beyond guarding LLM traffic into AI development, testing and runtime protection.
Groq raised a $350M round led by Disruptive at a $3.5B valuation, with NVIDIA planning to take part. Together with $650M raised in June, that is $1B of new funding for its inference cloud.
Cellebrite named Shiven Ramji CEO, succeeding Thomas Hogan with immediate effect, as it reported Q2 revenue up 16% to $131.1M. The digital forensics software vendor lowered its full-year ARR and revenue outlook.
Databricks closed a $5B round at a $190B valuation and said its revenue run-rate passed $7B, with more than 80% year-over-year growth in the second quarter.
Trimble's Q2 2026 revenue rose 11% to $972.0M and ARR rose 14% to $2.51B. The construction and geospatial software company raised its full-year revenue guidance to $3,900M-$3,950M.