Facts
- HQ
- United States
- Sectors
- Fintech, Banking, Corporate cards
- Founded
- 2024 Seattle business license
- Type
- Corporation Seattle business license
- Registered name
- Brex Inc Seattle business license
PitchBook: AI Megadeals Took 87.5% of U.S. VC Dollars in H1 2026, Series D+ AI Valuations Jump 6.6x
PitchBook's Q2 2026 U.S. VC valuations show that AI megadeals captured 87.5% of venture dollars in H1, driving much larger valuation step-ups (median 2.2x for AI vs 1.6x non-AI and 6.6x at Series D+). Liquidity is limited—IPOs are sparse and acquisitions are mixed—while top AI firms like Anthropic are inflating return expectations and skewing the market.
Logic raises $4.3M seed round and launches GA no-code automation platform
Logic, a Seattle business automation company founded in 2024, raised $4.3 million in a Seed round and launched the general availability of its no-code automation platform after a year-long beta. The funding, from investors including Founders’ Co-op, Audacious, Neo (Ali Partovi), Brex executives, and Convoy co-founder Dan Lewis, will be used to expand product capabilities, grow adoption, and strengthen engineering and go-to-market teams.
Stifel Bank’s Minh Le Urges Startups to Use Two Banks and Highlights Stifel’s $250M FDIC-Insured Cash Sweep
Minh Le, Managing Director at Stifel Bank, advises startup founders to maintain two banks (a primary strategic bank and a backup), prioritize cash safety and liquidity (highlighting Stifel’s Insured Cash Sweep offering up to $250M FDIC coverage), and consider bank choice based on platform, relationships, and product fit rather than just UI. He discusses pros and cons of Stifel, big banks, and fintechs like Mercury and Brex, and offers practical guidance on sweep accounts, treasuries, venture debt terms, working-capital facilities, and equipment financing.
