Money Keeps Flowing to Vertical AI: Enveda's $311M Round and Xiaomi's Open-Weights Drop

AI drug discovery firm Enveda raised a $311M Series E while Xiaomi open-sourced its MiMo-V2.6 model series and a Gold Coast startup landed seed funding to automate whole work processes.

Beneath the frontier-model drama, capital and open weights kept flowing into applied AI. Enveda raised a $311M Series E for AI-driven drug discovery, and Xiaomi open-sourced its MiMo-V2.6 model series, as @mikogen reported — the twin engines of the current moment, deep-pocketed vertical bets and rapid open-weights releases.

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