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Deep & Emerging Tech·April 15, 2026·1 min read

Terremoto raises $108M to make an 'earthquake' in small molecule space

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$108M into next‑gen small molecules is another bet that platform chemistry still has room to run even in a crowded biotech funding cycle. If you’re building tooling or infra, design for modularity — these platform biotechs live and die on how fast they can spin up and kill programs.

Deep & Emerging Tech

Chinese PCB maker Victory Giant surges ~57% in its Hong Kong trading debut after raising ~$2.6B in its IPO, the largest in the city so far this year (Eunice Xu/South China Morning Post)

A $2.6B IPO and 57% pop for Victory Giant—an Nvidia supplier—shows public markets are now pricing upstream AI infrastructure, not just the headline chip designers. If your supply chain touches GPUs, boards, or power, you’re no longer a boring component vendor—you’re part of the AI leverage trade and will be treated accordingly.