Two Sigma Ventures

After nearly 15 years, the Two Sigma Ventures business has spun out into an independently owned and operated firm: Deviation Capital. @deviationcap

[Two Sigma Ventures @TwoSigmaVC]

Deviation Capital launches today as the spin-out of the Two Sigma Ventures business after nearly 15 incredible years of business! Follow @Deviationcap for what comes next.

[Deviation @deviationcap]

Introducing Deviation Capital.

Era-defining companies are the exception. They break almost every rule of conventional wisdom as they rise, but start the same way. A founder encounters something broken, invents a way forward others couldn't see, and bets everything on bringing it to life.

We launch today as the spinout of Two Sigma Ventures to find, fund, and support these founders, backing technical teams harnessing data and computing to build enduring exceptions.

[Colin Beirne @csbeirne]

https://t.co/WAsXSVYZBN

[Swarm Aero @SwarmAero]

Modern conflicts are decided in the air. Swarm Aero is building a radically effective way to scale air power.

We're proud to share that we've raised $35 million in Series A funding, led by @TwoSigmaVC and @SilentVentures and joined by our seed investors @khoslaventures, @ScribbleVC, @friendsfamcap, @constructcap, @coatuemgmt, @foundersfund, @alumniventures, and @MaCVentureCap! This brings total capital raised to $59M to accelerate the deployment of our large UAV and the swarm software that enables drones to be controlled at scale.

While smaller drones pack smaller punches and require assistance to get to the fight, our large, multimission UAV can cover long distances and defeat high-value targets. Designed to manufacture at unprecedented volume and cooperate with superhuman dexterity, our UAV achieves asymmetric impact at dramatically lower cost than traditional aircraft.

The future world order depends on who controls air power. Swarm is building the technologies needed for deterrence and dominance in the 21st century. And we’re hiring!

Read more in @axios' Future of Defense exclusive on the raise (thank you @demarest_colin!) and our press release:

https://t.co/YzxMCi53Bh

https://t.co/9PQzJKAkX2

[Will Ahmed @willahmed]

Whoop has 800 employees today and just announced plans to grow headcount +600 this year. Investing in talent AND ai tools not mutually exclusive.

Many of these “AI layoffs” are just companies under performing or lacking a bigger market opportunity.

[TBPN @tbpn]

Happy Thursday. On today's show:

- @zoink (Figma)
- @esaagar (Breaking Points)
- @0xSigil (Web 4.0)
- @PeterMoralesX (Code Metal)
- Erik Palitsch (Freeform)
- Ljubisa Bajic (Taalas)

See you on the stream.

[TechCrunch @TechCrunch]

Freeform raises $67M Series B to scale up laser AI manufacturing  https://t.co/6Bymtilrwa

[Freeform @freeform_future]

Announcing our $67M Series B.

With this raise, we’re launching Skyfall, the world’s fastest laser melting platform, accelerating production and scaling what many have called impossible.

[Terray Therapeutics @Terray_Tx]

Today we announced EMMI Predict: TerraBind, our universal potency model that dramatically expands Terray’s ability to move molecules to the clinic faster. Far outpacing publicly available models, TerraBind is a cornerstone of Terray’s end-to-end workflow for small molecule discovery and development.

Read our blog: https://t.co/ShSfob1PX4

[WHOOP @WHOOP]

80% of chronic diseases are preventable — if you catch the signs in time.

Proactive health is now more possible than ever with WHOOP Advanced Labs:
🔬 Test 65 of the most critical biomarkers
📲 Layer them with 100,000+ WHOOP data points
✅ Get clinician-reviewed results and a personalized action plan

Already have results? Upload your labs to WHOOP at no cost with your membership and see them alongside your daily data.

Ready for custom insights and a clear next step? Join the waitlist to subscribe and schedule testing through Quest®, right in the WHOOP app.

[Two Sigma Ventures @TwoSigmaVC]

Stretching runway, recruiting + retaining top talent, cutting through AI hype, navigating global compliance.

@marcelolebre (@remote president and cofounder) + @csbeirne are discussing it all on Oct 2nd (6pm) in NYC.

Founders, come through: https://t.co/wDGhokRXBe

[Colin Beirne @csbeirne]

AI tools to help supercharge the finance stack of exciting consumer brands. Love this hyper focused team. 😃

[Samir Shergill @sshergill]

We just raised $30M to build the AI-powered financial command center for consumer brands, led by @AcrewCapital.

Cash is the lifeblood of every brand. @HighbeamApp makes it simple to stay in control and grow profitably.

The future of finance isn’t spreadsheets. It’s Highbeam.

[Dina Turner @drdinaturner]

Thrilled to share @gametogen has raised $44M Series C led by @OverwaterVC w/ participation from @insightpartners, @RACapitalMgmt, @TwoSigmaVC, @boldcapitalvc, @VenturesVc, Ingeborg Investments & more, bringing total funding to $127M.

This will:
1️⃣ Complete our Phase 3 trial for Fertilo, a first-of-its-kind approach to mature eggs outside the body, making IVF & egg freezing more accessible to patients
2️⃣ Expand our pipeline in menopause & POI
3️⃣ Show growing investor confidence in women’s health biopharma

On a personal note: I had the idea for Fertilo while considering my own egg freezing. During this raise, I learned I’m expecting my 2nd child, a baby girl, whose eggs are already forming inside me. Partnering w/ @ksimm also pregnant w/ a baby girl, made this milestone even more meaningful.

Full press release: https://t.co/a9eIXlnndp

[Steadily Insurance @SteadilyInsure]

Steadily is the 63rd fastest-growing company on the #Inc5000 list!

🏆 #2 fastest-growing insurance company
🏆 #3 fastest-growing company in Austin

We just turned 5, and from day one, our mission has been simple: build the best landlord insurance service in the country.

Thank you to our incredible clients and partners for trusting us to grow with you.

🔗 https://t.co/hDj15gKt0O

[Will Ahmed @willahmed]

I recently joined @guyraz on @HowIBuiltThis to discuss founding @whoop. Guy does a great job highlighting the challenges and pain of building a startup.

I talk about early prototypes, getting rejected over and over, why hardware is hard, health monitoring, and more.

[exai bio @exaibio]

📣 Leadership News 📣

We’re excited to welcome Michael Nall as CEO and Board Director of Exai Bio. Mike brings decades of diagnostics and commercial expertise that will be instrumental as we scale our RNA- and AI-based liquid biopsy platform and early detection efforts.

We’re also proud to announce the addition of three distinguished leaders to our Board of Directors - Steve Kafka, PhD, General Partner at S32, Dusan Perovic, Partner at Two Sigma Ventures and Emir Sandhu, MD, Managing Director at Blue Venture Fund. Their collective insight and leadership will be invaluable as we advance commercial partnerships and expand our impact across cancer care.

#CEOAnnouncement #BoardAnnouncement #LiquidBiopsy #RNA #AI #EarlyDetection #BiotechLeadership

[The Tie @TheTieIO]

As stablecoins gain traction, they’re reshaping global payments, settlement, and financial infrastructure. Our first panel of the day explored how tokenized money is unlocking speed, transparency, and programmability for institutions and consumers alike.

Thanks to our panelists:

Moderator: Vin Sachidananda, Partner, @TwoSigmaVC
Sean Judge, General Partner,@CastleIslandVC
@teddyfuse, President,@bitwise
@catgu_, Head of Institutional Client Solutions, @Visa
Ryan Rugg, Global Head of Digital Assets, Treasury and Trade Solutions,@Citi
Michael Heinrich, Co-Founder and CEO, @0G_labs

[Forbes @Forbes]

Waymo Vets Are Automating Construction Sites With Self-Driving Dirt Diggers (Photo: Bedrock Robotics) https://t.co/DQ20JwUHSw

[Colin Beirne @csbeirne]

America's infrastructure ambitions have hit a wall: construction capacity. We're asking the industry to build at unprecedented speed while facing a labor shortage and aging workforce. Building at America's scale demands something new. Today: Bedrock Robotics emerges from stealth.

[NetBox Labs @NetBoxLabs]

Major milestone! NetBox Labs just raised $35M in Series B funding.

What's next: More innovation across NetBox, Discovery, Assurance & AI capabilities. Deeper integrations. Expanded global team. All while staying true to our open source roots.

Read more: https://t.co/AU1z8oVVcY