PERPTools has secured $8 million in funding to build AI-native perpetual trading infrastructure. The company, founded by the team behind DEXTools, raised a $3 million pre-seed round at a $30 million valuation followed by a $5 million seed round at an $80 million valuation. Investors include DEXTools Ventures, Orderly Network, BigBrain Holdings, NEAR, Animoca Brands, Sfermion, and Shima Capital.
The platform currently serves 30 million traders and has three live products: Perp DEX, AI Arena, and Tap Prediction. These products have already generated $240 million in beta volume. CEO Evgen Tokarev noted that the platform solves the cold-start problem by embedding directly into DEXTools' analytics.
In the corporate sector, AutoNation appointed Ravi Simhambhatla as Chief Technology and AI Officer starting October 1, 2026. Simhambhatla brings over 30 years of experience, having previously led roles at Google Cloud, Avis Budget Group, United Airlines, Aer Lingus, Tesla, and Virgin America. He will lead AutoNation's technology, data science, and AI agenda.
Meta Platforms launched its Muse personal AI agent and the Meta Enterprise Platform. The company is expanding Muse into AI glasses and partnering with Dolby, EssilorLuxottica, HighLevel, and Shopify. Additionally, Meta introduced the Muse Business Agent and Muse API to help businesses integrate agentic AI into their daily workflows.
Cyderes partnered with Palo Alto Networks to accelerate AI-powered security operations for global enterprises. This collaboration combines Cyderes' managed detection and response capabilities with Palo Alto Networks Cortex XDR and Cortex XSIAM. The partnership covers the United States, Canada, and the U.K./EMEA markets, aiming to modernize security operations centers with machine-speed threat detection.
Smallest.ai and Tenstorrent announced a partnership on October 1, 2026 to build an on-premises voice AI stack. The system runs Smallest.ai's Lightning V2 real-time text-to-speech model on Tenstorrent hardware featuring 32 Blackhole ASICs with 23 PFLOPS of compute. Testing indicates this setup runs at lower costs than NVIDIA L40S GPUs, with expenses 2.6x to 3.6x lower per device.
Theori was selected by DARPA to study security flaws in messaging apps using its AI platform, Xint. Xint analyzes binary code without needing source code to find problems. In a specific test, Xint identified three bugs in Signal within one hour, which Signal subsequently fixed in version 8.11.
Research indicates that Large Language Models can infer causal relations between sequences of events, even with a single observation. This causal AI approach outperformed standard causal discovery algorithms on several time series data sets, validating findings on both synthetic and real data.
Marvell stock has risen over 100% in the past year, significantly outperforming Broadcom, which grew about 20%. Marvell benefits from strong demand for its Wi-Fi and Ethernet controllers and maintains a healthy balance sheet with a debt-to-equity ratio near 0.2.
Marketers are facing challenges tracking conversions influenced by AI systems like ChatGPT, Google Gemini, and Microsoft Copilot. A webinar titled 'Attribution in the AI Era' addresses how to classify AI-influenced conversions and rethink credit assignment as traditional signals like impressions become harder to follow.
Key Takeaways
- PERPTools raised $8 million total, combining a $3 million pre-seed and $5 million seed round.
- PERPTools' three live products have generated $240 million in beta volume.
- AutoNation hired Ravi Simhambhatla, a former Google Cloud and Tesla executive, as AI Officer.
- Meta launched the Muse personal AI agent and expanded partnerships with Dolby and Shopify.
- Cyderes and Palo Alto Networks partnered to deploy AI-powered security operations globally.
- Smallest.ai and Tenstorrent created an on-prem voice AI stack costing 2.6x to 3.6x less than NVIDIA L40S GPUs.
- Theori's Xint platform found three bugs in Signal within one hour during a DARPA test.
- Large Language Models can infer cause and effect from event sequences without multiple observations.
- Marvell stock rose over 100% annually, outpacing Broadcom's 20% growth.
- Industry experts are developing new methods to track conversions influenced by AI tools like ChatGPT and Microsoft Copilot.
PERPTools raises $8M for AI perpetual trading platform
PERPTools, built by the team behind DEXTools, raised $8 million across two token rounds. A $3 million pre-seed at $30 million valuation was led by DEXTools Ventures and Orderly Network. A $5 million seed round at $80 million valuation included BigBrain Holdings, NEAR, Animoca Brands, Sfermion, and Shima Capital. The platform already has three live products generating $240 million in beta volume.
PERPTools secures funding for AI-native perpetual trading
PERPTools raised $8 million to build AI-native perpetuals trading infrastructure. Fundraising started in November 2025, with a pre-seed closing in December 2025 and a seed round in early 2026. The platform is built on Orderly Network's omnichain liquidity engine and serves 30 million traders from DEXTools. It has launched Perp DEX, AI Arena, and Tap Prediction ahead of its token launch.
PERPTools gets $8 million for perpetual trading development
PERPTools secured $8 million to develop AI-native perpetual trading infrastructure. The pre-seed round was led by DEXTools Ventures and Orderly Network, while the seed round added BigBrain Holdings, NEAR, Animoca Brands, Sfermion, and Shima Capital. CEO Evgen Tokarev said the platform solved the cold-start problem by embedding into DEXTools' analytics. Three products are already live including Perp DEX, AI Arena, and Tap Prediction.
Cyderes partners with Palo Alto Networks for AI security
Cyderes partnered with Palo Alto Networks to accelerate AI-powered security operations for global enterprises. The collaboration combines Cyderes' managed detection and response capabilities with Palo Alto Networks Cortex XDR and Cortex XSIAM. The partnership covers the United States, Canada, and U.K./EMEA markets. It aims to help organizations modernize their security operations centers with machine-speed threat detection.
AutoNation names former Google Cloud leader as AI officer
AutoNation appointed Ravi Simhambhatla as Chief Technology and AI Officer starting October 1, 2026. He brings over 30 years of experience including roles at Google Cloud, Avis Budget Group, United Airlines, Aer Lingus, Tesla, and Virgin America. CEO Mike Manley said technology and AI will help AutoNation get more from its existing foundation. Simhambhatla will lead the company's technology, data science, and AI agenda.
Meta launches Muse AI agent and enterprise platform
Meta Platforms launched its Muse personal AI agent and the Meta Enterprise Platform. The company is expanding Muse into AI glasses and partnering with Dolby, EssilorLuxottica, HighLevel, and Shopify. Meta is also introducing Muse Business Agent and Muse API to help businesses use agentic AI in their daily workflows.
Marvell rises as a stronger AI chip pick than Broadcom
Marvell stock has risen over 100% in the past year, while Broadcom stock only grew about 20%. Marvell has a strong product lineup including Wi-Fi and Ethernet controllers that benefit from growing demand. The company also has a healthy balance sheet with a debt-to-equity ratio near 0.2. The article suggests Marvell may be a better AI chip stock to buy than Broadcom.
AI agents need a way to pay for human knowledge
AI agents are becoming major consumers of human knowledge but there is no system for them to pay for it. The article points to micropayments powered by agentic payments as a possible solution. AI agents can make thousands of small purchasing decisions programmatically, making tiny transactions practical. These payments could work across cards, bank transfers, stablecoins, and new machine-native protocols.
Webinar explores tracking conversions in the AI era
The Attribution in the AI Era Webinar addresses how marketers can track purchases influenced by AI systems like ChatGPT, Google Gemini, and Microsoft Copilot. Traditional signals like impressions and clicks are becoming harder to follow. The event features Caroline Giegerich from IAB, Jing Feng from Bluefish, and Ross Bucholc from Prudential Financial. They will discuss classifying AI-influenced conversions and rethinking how credit is assigned.
Smallest.ai partners with Tenstorrent for on-prem voice AI
Smallest.ai and Tenstorrent announced a partnership on October 1, 2026 to build an on-premises voice AI stack. The system runs Smallest.ai's Lightning V2 real-time text-to-speech model on Tenstorrent hardware. The server platform uses 32 Blackhole ASICs with 23 PFLOPS of compute. Testing shows the setup can run at lower cost than NVIDIA L40S GPUs, with costs 2.6x to 3.6x lower per device.
Theori to test DARPA messengers with AI security platform
Theori was chosen by DARPA to study security flaws in messaging apps. The company will use its AI platform Xint to test a DARPA messenger and an open-source messenger. Xint can find problems by analyzing binary code without needing source code. In a test, Xint found three bugs in Signal within one hour. Signal fixed those issues in version 8.11.
Language models can infer cause and effect from event sequences
Causal AI seeks to understand cause and effect, not just patterns. A new study shows that Large Language Models can infer causal relations between two sequences of events. This method works even when only a single observation is available. The approach outperformed standard causal discovery algorithms on several time series data sets. The findings were validated on both synthetic and real data.
AI tools in radiology practices drive clear efficiency gains
A large European study tested 10 AI tools from seven vendors across 20 radiology centers. The study involved 58 radiologists and found that widespread AI adoption produces measurable efficiency gains. Some centers saw a 30% increase in productivity. The results will be presented at the European Congress of Radiology. The findings will also appear in the European Journal of Radiology.
Sources
- PERPTools raises $8M with plans to develop AI-native perpetual trading infrastructure
- PERPTools Raises $8M to Develop AI-Native Perpetual Trading Infrastructure
- PERPTools secures $8 million to develop AI-native perpetual trading
- Cyderes Partners with Palo Alto Networks to Accelerate AI-Powered Security Operations for Global Enterprises
- A former Google Cloud leader will lead AutoNation’s AI and technology work.
- How Investors Are Reacting To Meta Stock After Muse AI Launch
- Better AI Chip Stock to Buy Today: Broadcom vs. Marvell
- AI is consuming human knowledge. It should learn how to pay for it
- Attribution in the AI Era Webinar
- On-Prem Voice Agents Get New Hardware Path as Smallest.ai Joins Tenstorrent
- Theori to Analyze US DARPA Messenger With AI Security Platform
- Inferring Causal Relations between Two Sequences of Events with Language Models
- Widespread AI adoption in private practice produces measurable efficiency gains
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