Intropy announced an $11 million seed led by Felix Capital, with Quiet Capital plus earlier backers General Catalyst and firstminute. The AI-native platform automates inventory and pricing decisions for spare-parts businesses and plans U.S. expansion including a New York office. It matters because capital concentration signals which layers of the AI stack investors believe will capture durable value. Caveat: headline valuations can outrun revenue proof, so treat round sizes as signals rather than settled truth.