April 2, 2026

Secure foundation

Hi there,

Here is this week’s Hot or Not.

Hot: AI infrastructure funding

Enterprise capital is still flowing overwhelmingly to infrastructure. 

Per CB Insights' analysis of S&P 500 AI activity, infrastructure and model-layer companies account for over 50% of enterprise investment rounds. 

See the full breakdown of where S&P 500 companies are placing their AI bets in CB Insights' Future of the Enterprise AI Buildout report.

Not: Traditional drug discovery

Eli Lilly just signed a $2.75B deal with Insilico Medicine to bring AI-discovered drugs to market.

The two companies have worked together since a 2023 licensing agreement, with Insilico's AI-enabled discovery serving as a direct complement to Lilly’s clinical development pipeline.

AI could cut years off the discovery process and compress clinical trial times by up to 30%, accelerating delivery of new treatments and unlocking more personalized medicine.

See 200+ other AI-driven drug R&D startups in our market map.

Hot: Databricks' AI security strategy

Databricks launched a new security product called Lakewatch, which uses AI agents powered by Anthropic's Claude to perform tasks like threat detection and investigation.

The data giant bought two startups to build the agent security platform: 

• Antimatter – Secure agent deployment platform
• SiftD.ai – Human-agent collaborative tooling

CB Insights customers can view Databricks’ full Strategy Map here.

Not: Underestimating wearables

Whoop just closed a $575M Series G at a $10.1B valuation, nearly 3x its last disclosed valuation of $3.6B. 

Medical device giant Abbott joined the cap table, signaling a broader push into clinical capabilities as we predicted in our recent digital health report. 

CB Insights hiring data shows the whole category is moving that way: Oura and Whoop both rank in the top 8% on our Hiring Momentum Score, concentrating hires in regulatory affairs and clinical validation.

Explore the full wearables trend here. 

The +1

Source: u/m4uro2 via Reddit.

Color me confused. At least yellow is yellow.

I love you.

Anand

@asanwal 

Co-Founder & Exec Chair

P.S. Want to get ahead of where venture is heading in 2026? Register for our State of Venture briefing. 

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