We’re back with the AI Investment Radar, your source for the latest rounds and developments shaping global AI investment.
Funding Expands as Systems Grow – SwissCognitive AI Investment Radar
One of the clearest signals this week comes from how capital is being mobilised. OpenAI closes a record-breaking $122 billion funding round at an $852 billion valuation, setting a new benchmark for capital concentration in AI.
SoftBank’s $40 billion loan to fund a further $30 billion OpenAI investment illustrates how large players are now relying on balance sheet leverage to maintain exposure to AI. At the same time, Mistral AI’s $830 million debt financing to build data centre capacity shows how infrastructure expansion is increasingly tied to structured financing rather than equity alone.
Infrastructure remains central across the board. EPG’s $100 million+ financing round, ScaleOps’ $130 million raise for AI resource management, and Starcloud’s $170 million Series A at unicorn valuation all point to a continued focus on the systems behind AI, not just the applications.
Defence and autonomy are also drawing sustained attention. Shield AI’s $2 billion raise at a $12.7 billion valuation, Saronic’s $1.75 billion Series D, and Advent’s $1 billion commitment to defence tech reflect a clear pattern: AI investment is increasingly tied to national capability and strategic positioning. This extends beyond hardware into operational domains, as seen in Verne, Pony.ai, and Uber’s partnership to launch Europe’s first commercial robotaxi service.
At the same time, competition within core AI technologies is intensifying. Rebellions’ $400 million pre-IPO round signals growing efforts to diversify beyond established leaders.
Across enterprise and financial applications, investment is spreading into more specialised layers. 9fin’s $170 million raise for AI in debt markets, Origin’s $30 million round for global benefits management, and ThinkLabs’ $28 million for grid intelligence show how AI is being embedded into operational systems rather than treated as a standalone capability. Early-stage activity—from OpenBox AI’s governance platform to Deccan AI’s data workforce model—adds further depth to this trend.
What stands out is not just the size of the deals, but the structure behind them. Debt financing, hybrid funding models, and strategic acquisitions are appearing alongside traditional venture rounds, suggesting a market that is becoming more financially complex as it scales.
Our article does not offer financial advice and should not be considered a recommendation to engage in any securities or products. Investments carry the risk of a decrease in value, and investors may potentially lose a portion or all of their investment. Past performance should not be relied upon as an indicator of future results.
<img src="https://www.mtlblog.com/media-library/olympic-symbol-with-1976-olympic-stadium-in-background-in-montreal-canada.jpg?id=60323047&width=1200&height=800&coordinates=132%2C0%2C132%2C0"/><br/><br/><p class="">Love it or hate it, Montreal is full of character.</p><p>But beyond its <a href="https://www.mtlblog.com/canadian-cities-european-travel" target="_blank">European vibes</a> and cobblestone streets, the city is also home to a few design choices that have sparked debate for decades. So we recently <a href="https://www.facebook.com/MTLBlog/posts/pfbid02XjmPuEQEbQajPmSPLYRbHYELcKXLPf6b4SV9GSKw6pMBeHHhf6LqKqLdqsaACaCMl" target="_blank">asked MTL Blog readers on Facebook: "What's the ugliest landmark in Montreal?</a>"</p><p>The answers came in hot, and not everyone held back. </p><p>With that in mind, here's what locals think our skyline can do without. </p><h3>Olympic Stadium</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/CBO_B36g0tU/" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CBO_B36g0tU/" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>This was by far the most common response we got. Built for the 1976 Summer Olympics, <a href="https://www.mtlblog.com/tag/montreal-olympic-stadium" target="_blank">the stadium</a> is infamous for its ballooning budget, years of delays, and a <a href="https://www.mtlblog.com/montreal-olympic-stadium-roof" target="_blank">retractable roof</a> that still doesn't work properly.</p><p>Among the top comments were descriptions like "toilet bowl," "money-sucking," and "ugly as hell."</p><p>The infamous "Big Owe" nickname was also thrown around quite a bit.</p><h3>The Montreal Forum</h3><br/><blockquote class="rm-embed twitter-tweet" data-partner="rebelmouse" data-twitter-tweet-id="1728219988673040634">
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<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script><p>This Sainte-Catherine Street building was once the heart of hockey in Canada. The Canadiens played here from 1924 to 1996 and won most of their 24 Stanley Cups on its ice. Today, the old Forum is a movie theatre and entertainment complex, which some feel is a disrespectful downgrade.</p><p>One user wrote:</p><p> "The old Montreal Forum! It's a shame how much history and nostalgia is now a big black box that plays movies, offers comedy and pub fare. It should be the home of the NHL Hall of Fame. It looks depressing from the outside."</p><h3>Habitat 67</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/DCfr7okusRL/" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/DCfr7okusRL/" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Designed by architect Moshe Safdie for Expo 67, this brutalist housing complex was envisioned as a model for urban living. Its Lego-block design is famous around the world, and it's home to some of the city's most unique condos. </p><p>But not everyone is sold on the look, with several users dropping its name in the comments.</p><h3>Orange cones</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/CHtKP0IDDwR/" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CHtKP0IDDwR/" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>While not officially a landmark, Montreal's sea of orange cones have become an enduring symbol of the <a href="https://www.mtlblog.com/tag/montreal-construction" target="_blank">city's never-ending construction projects</a>. </p><p>As a result, multiple users were quick to angrily call them out.</p><h3>Ferris wheel scultpure</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/Csl1eCXr0l4/" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/Csl1eCXr0l4/" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Officially known as "La vélocité des lieux," this non-moving Ferris wheel sculpture in Montreal North is meant to be public art, but several locals called it out as more confusing than inspiring.</p><p>"It doesn't light up half the time!" one person noted.</p><p>Meanwhile, others pointed out its million-dollar price tag. Perhaps if it were actually functional, people wouldn't be so upset.</p><h3>The Farine Five Roses sign</h3><br/><blockquote class="instagram-media" data-instgrm-permalink="https://www.instagram.com/p/C9PgPfBMG76/" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/C9PgPfBMG76/" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>An iconic neon relic above the Lachine Canal, this vintage flour mill sign has long been a favourite of photographers. But even though <a href="https://www.mtlblog.com/montreal-farine-five-roses-sign-change" target="_blank">the Farine Five Roses sign</a> has been a part of the Montreal skyline since 1948, not everyone's convinced.</p><p>"Hot take, but the Five Roses sign," said one user. "I worked in a photo lab and you would not believe the amount of people who photograph it and get it printed, thinking they're being original."</p><h3>The Ring (Place Ville Marie)</h3><br/><blockquote class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/p/CyJQJf1A6tY/" data-instgrm-version="4" style="background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:658px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
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<a href="https://www.instagram.com/p/CyJQJf1A6tY/" style=" color:#000; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none; word-wrap:break-word;" target="_top">See on Instagram</a>
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</blockquote><script async="" defer="" src="//platform.instagram.com/en_US/embeds.js"></script><p>Installed in 2022 at a cost of roughly $5 million, The Ring is a giant steel loop floating above PVM. Meant to symbolize unity, it <a href="https://www.mtlblog.com/montreal/montreals-giant-ring-is-being-compared-to-a-certain-sex-toy-among-other-things" target="_blank">became meme material almost instantly</a>.</p><p>That sentiment remains.</p><p>"That big useless circle at Place Ville Marie," one user said. A few even referred to it as a giant "c*ck ring."</p>