Nvidia to Participate in China Supply-Chain Expo in July for First Time, CCTV Reports

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U.S. chip giant Nvidia (NVDA.O) will attend the China International Supply Chain Expo in Beijing this July for the first time, according to Chinese state broadcaster CCTV.

The expo, now in its third edition, will take place from July 16 to 20 and feature more than 230 new Chinese and foreign participants, CCTV reported. Nvidia, the market leader in artificial intelligence-related chips, faces challenges in maintaining its share of the Chinese market amid tightening U.S. export controls restricting China’s access to advanced chips.

While the expo is not typically a venue for major deals, it offers foreign companies an important platform to demonstrate their commitment to the Chinese market. The event’s inaugural edition in 2023 saw Premier Li Qiang emphasize the reliability of Chinese supply chains, especially as some Western countries sought to reduce dependence on China.

Despite escalating trade tensions with the U.S., American companies will make up the largest group of foreign participants at this year’s expo, with a reported 15% increase over last year, according to CCTV.

Data Analytics Startup Coralogix Valued Over $1 Billion After $115 Million Funding Round

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Coralogix, a data analytics and AI observability platform, nearly doubled its valuation to over $1 billion in its latest funding round, the company’s co-founder and CEO Ariel Assaraf told Reuters.

The startup raised $115 million in a round led by California-based venture growth firm NewView Capital, with participation from the Canada Pension Plan Investment Board (CPPIB) and venture firm NextEquity. This funding round follows Coralogix’s $142 million raise in 2022.

Despite a wider slowdown in venture capital for enterprise software-as-a-service (SaaS) startups, driven by elevated interest rates and geopolitical tensions, AI-driven SaaS solutions continue to attract investor interest. According to PitchBook, AI-focused SaaS financing hit a record $58 billion in Q1 2025.

Coralogix’s revenue has grown sevenfold since 2022, but the company is not yet profitable, with nearly 75% of its 2024 revenue reinvested into research and development. Assaraf noted this investment-heavy approach is common among peers such as Datadog and Splunk, who also prioritized R&D before profitability.

The startup has expanded its AI capabilities, notably through the acquisition of Aporia in December 2024, which bolstered its AI observability offerings. Coralogix is aggressively growing its AI talent pool and remains open to strategic acquisitions to enhance its expertise.

In line with its AI focus, Coralogix introduced a new AI agent called “olly”, designed to simplify data monitoring with a conversational interface. Industry experts have recognized AI agents as a transformative application of artificial intelligence in enterprise IT management.

Italy’s Leonardo to Acquire European Cybersecurity Firm Amid Sector Expansion

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Leonardo (LDOF.MI), Italy’s state-controlled aerospace and defense giant, is preparing to announce the acquisition of a European cybersecurity company, according to comments made Tuesday by Chairman Stefano Pontecorvo in an interview with Reuters.

While Pontecorvo did not disclose the identity of the target firm or specify a closing timeline, he emphasized the strategic importance of the deal. “Cybersecurity is an essential component in so-called multi-domain warfare, where everything is connected with everything,” he said. “Connections must be secure so that the enemy cannot use parts of a system.”

The move aligns with Leonardo’s broader strategy to consolidate and grow its cybersecurity operations, which the company sees as a critical pillar in modern defense architecture.

Back in October, CEO Roberto Cingolani confirmed the group was exploring multiple acquisition targets—both in Italy and abroad—adding that no deal would exceed 15% of the division’s annual turnover. He also projected double-digit growth for Leonardo’s cybersecurity segment in the years ahead.

Speaking at the Paris Airshow, Pontecorvo also signaled that the evolving and increasingly complex nature of cyber threats would likely encourage more collaborations across the defense and tech sectors, as the demand for specialized cybersecurity solutions grows.

The upcoming acquisition is expected to strengthen Leonardo’s positioning within European defense networks, as the continent accelerates digital and military integration in response to rising geopolitical tensions.