Business · 2h ago
Qualcomm to acquire Modular for $4B; Cursor buys Continue; DeepSeek raises $7B+
Qualcomm agreed to acquire AI infrastructure startup Modular for nearly $4 billion. Cursor quietly acquired open-source coding assistant Continue, and Elastic bought AI SRE startup Deductive AI for up to $85 million. DeepSeek closed over $7 billion in funding, while Timefold raised a $13M Series A for scheduling optimization.
Meridian48 take
The flurry of acquisitions and mega-funding rounds signals a consolidation phase in AI infrastructure, but the long-term value of these deals remains unproven.
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COSS Weekly: Timefold raises $13M, Continue.dev acquired by Cursor, Modular acquired by Qualcomm, and more →
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