Aramco Ventures led the Series C, valuing the Nvidia-backed open-model infrastructure provider at $8.3 billion.
The company says annualized bookings topped $1.15 billion last quarter and that its services can run DeepSeek, Kimi, MiniMax, GLM and Nemotron at sharply lower cost than closed APIs. Customers include Cursor, Cognition, Decagon, ElevenLabs and Suno, while the new money will mainly buy power and GPUs.
Sources: CocoLoop、BusinessWire; TechCrunch; Quartz