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ANNOUNCEMENT
June 2026

Bright Pixel Capital appoints Mike Privette as Cybersecurity Venture Partner

Appointment strengthens Bright Pixel’s cybersecurity investment expertise and marks a new phase in the firm’s evolution as a global investment platform.

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By BLOG POST

Why we invested in THEKER by Miguel Bagulho

July 2026 BLOG POST Why we invested in THEKER by Miguel Bagulho Physical AI's Growing Role in Industrial Automation For decades, industrial robotics has been defined by powerful but rigid machines. Traditional robots excel in repetitive, highly structured environments, but they are expensive to reconfigure and difficult to deploy in the dynamic, messy reality of modern industrial operations. Products change, packaging varies, workflows evolve, and edge cases quickly erode the economics of conventional automation. At the same time, manufacturers, logistics operators and retailers face structural labour shortages, rising labour costs and increasing pressure to improve productivity without adding operational complexity. Automation is no longer simply a cost-saving initiative—it has become a strategic necessity. Artificial intelligence is changing this equation. Advances in computer vision, foundation models, reinforcement learning and edge AI are enabling a new generation of robots capable of perceiving, reasoning and adapting to changing environments instead of executing pre-programmed...
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By RETAIL TECHNOLOGIES

THEKER raises $85M in Europe’s largest ever robotics Series A, led by CRV with backing from Samsung and LVMH

June 2026 RETAIL TECHNOLOGIES THEKER raises $85M in Europe’s largest ever robotics Series A, led by CRV with backing from Samsung and LVMH Founded by Carla Gómez Cano and Jiaqiang Ye Zhu, THEKER Builds AI-native generalist robots designed to operate in real production environments today. THEKER, the Barcelona-based AI robotics company building AI-native generalist robots for industrial production environments, today announced a $85 million round, making it the largest robotics Series A round ever raised in Europe. The round was led by CRV, with participation from Samsung, LVMH, Cathay Innovation, 20VC, Henkel Ventures, Korelya and Bright Pixel Capital alongside existing investors Inditex, Carles Reina (ElevenLabs), Itnig (Factorial Founders), Kfund, Kibo Ventures and Mission, among others. The financing comes less than a year after THEKER closed the largest seed round in Spanish startup history, underscoring the extraordinary speed at which the company has moved from breakthrough technology to real-world industrial deployment....
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By INFRASTRUCTURE SOFTWARE

Encord secures $60M Series C to scale AI-Native data infrastructure as physical AI hits inflection point

February 2026 INFRASTRUCTURE SOFTWARE Encord secures $60M Series C to scale AI-Native data infrastructure as physical AI hits inflection point Wellington Management-Led Round brings Encord’s total funding to $110M as company sees physical AI revenue grow 10x in last twelve months. Encord, the data infrastructure company for physical AI, today announced a $60 million Series C led by Wellington Management, bringing the company’s total funding to $110 million. Existing investors Y Combinator, CRV, N47, Crane Venture Partners and Harpoon Ventures also participated in the round alongside new investors Bright Pixel Capital and Isomer Capital. The investment will help Encord scale its AI-native data infrastructure platform, which helps AI teams manage, curate, annotate, and align the multimodal data that physical AI systems depend on, including audio, video, images, sensor data, 3D point clouds and other formats that legacy data platforms weren't built to handle. Encord works with over 300 AI teams...
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