Method Security, which specializes in dual-use cyber capabilities, raised $26M across seed and Series A rounds led by a16z and General Catalyst, respectively (Colin Demarest/Axios)

Numeric, a company specializing in automating accounting workflows, has successfully raised $51 million in Series B funding led by IVP. This funding round increases Numeric's total funding to $89 million. The company has announced that it counts OpenAI and Brex among its clients.

Stuut Technologies has raised $29.5 million in a Series A funding round led by Andreessen Horowitz (a16z). The company specializes in automating the management of accounts receivable by connecting to CRM and other systems, aiming to streamline corporate finance processes. This funding marks a significant step in enhancing their technological capabilities.

Key White House officials are urging lawmakers on Capitol Hill to exclude AI chip export restrictions to China from the annual defense policy bill. This push reflects ongoing strategic considerations regarding technology and national security as the U.S. navigates its relationship with China.

Larry Summers has resigned from the OpenAI board following the release of emails linking him to Jeffrey Epstein, as confirmed by both Summers and OpenAI. The resignation comes after a US House Committee disclosed these emails, prompting significant public scrutiny.

Sphere, initially an edtech marketplace that raised $4.3 million in seed funding, has pivoted its business model to focus on developing an AI tax compliance software service. The company has successfully secured $21 million in Series A funding, led by a16z. This shift comes as the founder, Nicholas Rudder, identified a recurring issue with tax compliance during his previous venture, ScholarSite.