Yes, with a caveat. Israel's TheMarker reported on Oct. 25 that Tel Aviv-based Pearl Research Labs raised under the radar from Lightspeed, Ribbit Capital and Square Peg, a report flagged as unconfirmed by @immutablejacob.

Yes, with a caveat. Israel's TheMarker reported on Oct. 25 that Tel Aviv-based Pearl Research Labs raised under the radar from Lightspeed, Ribbit Capital and Square Peg, a report flagged as unconfirmed by @immutablejacob.

The $55M equity plus $75M GPU infrastructure fund split, for $130M total, comes only from that X thread, not from the accessible TheMarker text. The Hebrew excerpt quoted there says $120M from the same investors.

Pearl lab has not confirmed, and @prlnet posted nothing about a raise through Oct. 21.

For the $PEARL no-VC fair launch story, the distinction is lab equity versus token allocation. The code can still have no founder or investor allocation while the lab that writes upgrades is VC owned, sells inference for USD, and may mine via the GPU fund.

That is the bear point: investors can win on equity even if $PEARL falls, and holders still lack disclosure on who invested, whether insiders hold $PEARL, or whether fund GPUs mine. Gate quotes PEARL around $1.84, up about 500% in three months per TheMarker.