NeuBird AI has raised $19.3 million in an oversubscribed funding round led by Xora Innovation, with participation from Mayfield, StepStone Group, Prosperity7 Ventures and M12, Microsoft's venture fund. The company develops an agentic AI platform for enterprise production operations. The platform autonomously analyses telemetry data, correlates signals across systems and delivers real-time root cause analysis and remediation. NeuBird recently introduced AI Falcon, extending capabilities to predictive risk detection and infrastructure cost optimisation. Since reaching general availability in December 2024, the platform has resolved over one million alerts, saved more than $2 million in engineering time and reduced mean time to resolution by up to 90%. The funding will accelerate product innovation and expand global go-to-market strategy.

StepStone Group has closed a structured solutions vehicle with $3.1 billion in commitments for investment in private markets secondaries, marking the largest transaction of its kind. The vehicle is designed to provide institutional investors with flexible access to the firm's secondaries platform. Shares rose in afternoon trading following the announcement, settling at $47.99. The stock has shown significant volatility over the past year. Whilst shares have declined year-to-date and trade below earlier peaks, a five-year investment would show a positive return.

Sift, founded by SpaceX veterans, has raised $42 million in a Series B round led by StepStone, with participation from GV, Riot Ventures, Fika Ventures and CIV. The funding brings total capital raised to $67 million. The company provides an intelligence layer that transforms raw sensor data from mission-critical machines into structured, queryable information for engineers and AI systems. Its platform addresses the infrastructure gap between AI capabilities and physical hardware operation across space, defence, manufacturing and autonomy sectors. Sift's clients include ULA, Astranis, K2 Space and Parallel Systems. The company plans to nearly double its workforce from 70 employees and relocate to larger headquarters in Marina Del Rey. CEO Karthik Gollapudi and co-founder Austin Spiegel previously built monitoring systems for rockets and spacecraft at SpaceX.