Modal passes $1B in annualized revenue, valued at $15.75B
AI compute platform Modal says its annualized run rate topped $1 billion as it closed a $750 million Series D at a $15.75 billion post-money valuation, led by Accel.
Funding News and Analysis
120 verified stories covering Funding, product updates and industry developments. Page 1 of 2
DeepSeek to Lead Seed Round for Ex-Tencent Robotics Startup
DeepSeek is reportedly set to lead a seed round of tens of millions of dollars in Winverse AI, a robotics startup founded by ex-Tencent scientist Hu Han, at a roughly $400 million valuation.
Waymo Takes Its First Debt: a $5B Term Loan
Waymo closed a $5 billion term loan, its first borrowing, up from an initial $3 billion target, to fund robotaxi expansion in the US and abroad.
Arena raises $200M at a $3.1B valuation, up from $1.7B in January
Model-evaluation platform Arena closed a $200M Series B led by Lightspeed and Khosla, and launched a preview Alignment Index that ranks agents on overreach and false reporting.
DeepSeek funding round nears 80 billion yuan, sources say
Bloomberg reports DeepSeek's new funding round may near 100 billion yuan, with Tencent and CATL leading as the AI firm preps for an early 2027 listing.
ElevenLabs Employees Cash Out $300M as Valuation Doubles to $22B
ElevenLabs' $300M employee tender offer valued it at $22B, double February's Series D, with GIC, Goldman Sachs and OTPP joining as new investors.
OpenAI in Talks to Raise $30B at $1.4T Valuation
OpenAI is reportedly in talks to raise at least $30 billion at a $1.4 trillion valuation, a bridge round ahead of a planned 2027 IPO.
Anthropic IPO Filing Reveals $42 Billion Net Loss for 2025
Anthropic's IPO prospectus reportedly shows $4.6 billion in 2025 revenue and a $42 billion net loss, with valuation expected above $2 trillion after the midterms.
Anthropic's Seven Founders Seek 50.1% Voting Control
Anthropic is asking shareholders to approve special shares giving its seven founders a combined 50.1% of voting power, ahead of a possible IPO.
Moonshot AI files confidential A1 in Hong Kong at $50B pre-money
Moonshot AI has confidentially filed an A1 with HKEX while negotiating a new funding round at a $50 billion pre-money valuation, likely its last before going public.
Alibaba Raises HK$80 Billion for AI Infrastructure Push
Alibaba raised HK$80 billion in an hour-long share placement earmarked for AI infrastructure, but shares fell 9% and closed below the offer price.
Nvidia pays $6B to license Poolside's coding model factory
Nvidia is paying AI coding startup Poolside $6 billion to license its model-training system and hiring 109 of its engineers, while Poolside's founders and company stay independent instead of being acquired outright.
Former Qwen lead bets on agents
Junyang Lin, former technical lead of Alibaba Qwen, has launched Pragmatik Labs in Shanghai with backing from Gaorong, HSG, Tencent and Shanghai Future Industry Fund, aiming at digital and physical agents.
Ant backs Daimon tactile robot brain
Ant Group led a strategic round worth hundreds of millions of yuan in Daimon Robotics, whose tactile sensors, dataset and 10B-class world model turn robot touch into a Physical AI infrastructure bet.
Aureka raises $100M for biology models
Aureka Biotechnologies raised a $100 million Series B to train biological foundation models and connect AI agents with wet-lab feedback.
Nvidia Puts $5B Behind SSI
Nvidia and Safe Superintelligence tied Ilya Sutskever’s closed research lab to Vera Rubin compute, turning a quiet superintelligence bet into an infrastructure story.
CuspAI raises $450 million for materials AI
CuspAI's new round and AI Materials Foundry show why chip, energy and manufacturing bottlenecks are moving closer to materials discovery.
PixVerse extends Series C funding while pushing AI video toward interactive games
PixVerse extends Series C funding while pushing AI video toward interactive games. The piece reviews the verified facts and why the signal matters beyond one announcement.
LimX Dynamics raises nearly $200 million and brings six-month funding close to $400 million
LimX Dynamics raises nearly $200 million and brings six-month funding close to $400 million. The piece reviews the verified facts and why the signal matters beyond one announcement.
ZeroErr raises hundreds of millions to scale robot joints
ZeroErr raises hundreds of millions to scale robot joints. A concise localization of the verified facts and the industry signal behind the story.
DeepCtrls raises hundreds of millions for energy AI
DeepCtrls raises hundreds of millions for energy AI is reframed for global technology readers, with the key numbers, product claims and open questions kept intact.
SambaNova raises $1 billion at an $11 billion valuation
SambaNova raises $1 billion at an $11 billion valuation is reframed for global technology readers, with the key numbers, product claims and open questions kept intact.
Kling raises nearly $2.8B at an $18B valuation
Kling raises nearly $2.8B at an $18B valuation is reframed for global technology readers, preserving the key numbers, claims and open questions.
Chamath Palihapitiya takes the CEO seat at 8090 Labs
Software factories, enterprise agents and investor-operators.
Quantum Systems raises $1.2B as European defense AI heats up
Autonomous drones, Ukraine battlefield feedback and European rearmament.
Venice AI reaches unicorn status by promising not to store chats
Privacy wrappers around AI models, crypto roots and revenue discipline.
Crusoe discusses a $3B raise at a possible $30B valuation
Neocloud capacity, power access and hyperscale AI contracts.
Omen AI raises $31 million to monitor data center fluids
Omen AI raised a $31 million Series A for inline sensors that track coolant contamination and wear as AI data centers move deeper into liquid cooling.
Raja Koduri raises $35 million to build an Arm for AI chips
Oxmiq Labs wants to license OxCore, a GPU-style IP block that combines GPU, CPU and tensor engine pieces for custom AI silicon.
Together AI lands $800 million as open-model cloud demand surges
Aramco Ventures led the Series C, valuing the Nvidia-backed open-model infrastructure provider at $8.3 billion.
TwelveLabs raises $100 million for video superintelligence
The video-understanding startup will expand research in San Francisco and Seoul, open offices in New York and London, and train on AWS Trainium.
Higharc Raises $95 Million for AI Homebuilding
Higharc raised a $95 million Series C to scale its AI platform for builders and building-material suppliers.
LeapXpert Raises $180 Million for Governed Messaging
LeapXpert raised $180 million to capture, archive and analyze business conversations that happen across WhatsApp, iMessage, Signal and similar channels.
Stathera Raises $55 Million for Silicon Timing Chips
Stathera raised $55 million to replace quartz timing components with smaller silicon oscillators aimed at AI data centers.
X Square Robot reaches a $2.8B valuation with China’s internet giants onboard
X Square Robot reaches a $2.8B valuation with China’s internet giants onboard
Chamath returns as CEO after 8090 Labs raises $135M
Chamath returns as CEO after 8090 Labs raises $135M
Nearfield raises $380M for AI-chip metrology
Nearfield raises $380M for AI-chip metrology
Upscale raises $190M for AI networking chips
Upscale AI raised $190 million at a $2 billion valuation, with Nvidia joining the round, as its SkyHammer switch chips pitch open Ethernet standards for large AI clusters.
Baseten raises $1.5B as inference becomes the prize
Baseten’s new Series F values the inference infrastructure company at up to $13 billion, reflecting investor demand for cheaper, faster and more reliable model serving.
Ent raises $100 million to stop agent-era attacks early
RiskIQ veterans emerged from stealth with Ent, a security startup that wants endpoint tools to judge intent before damage is done.
Bland raises $50 million for long, difficult voice AI calls
Bland says its voice agents handled 175 million calls last year and now processes 3.5 million calls a week.
Limitless Labs brings AI to CNC programming
Limitless Labs raised $20 million to build a CAM agent that captures machinist expertise and turns CAD files into safer tool paths.
DeepSeek raises $7.4B without giving investors control
DeepSeek closed its first outside round at a valuation above $50 billion, but commercial backers get no voting power.
Radical Numerics raises $50M to model biology across layers
The Evo team is building general biological intelligence that reads DNA, RNA and proteins together, while keeping future models closed.
NewCore raises $66M for AI agent identity
The Tel Aviv startup wants to give enterprise agents identities, permissions and split-key credentials before old IAM systems buckle.
Hydra Host Raises $100M to Broker Scarce AI GPUs
Hydra Host has raised a $100 million Series A, backed by Nvidia, to expand a marketplace that links idle data-center GPUs with AI workloads.
Sarvam Becomes India AI Unicorn With $234M Round
Sarvam has raised $234 million toward a $300 million Series B, giving India a sovereign AI champion valued at $1.5 billion.
Arcade raises $60M for agent authorization
Arcade's Series A backs an action layer that gives enterprise AI agents user-scoped permissions, reliable MCP tools and auditable execution.
Nesto raises 300 million Canadian dollars for AI mortgages
Nesto is putting fresh capital into mortgage automation, showing how fintech lenders are using AI to compress paperwork and underwriting.
Poetic exits stealth with OpenAI and Thiel backing
Poetic is selling deterministic AI automation for underwriting, compliance and fraud work, arguing that regulated companies need repeatable outcomes over flashy agents.
THEKER raises a record European robotics Series A
The Barcelona startup raised 73 million euros to deploy factory robots that learn on the job, with Samsung and LVMH among the strategic backers.
SoftBank's OpenAI-Backed Loan Stalls at $6B
Banks remain cautious after SoftBank cut a planned OpenAI margin loan from $10 billion to $6 billion, exposing the liquidity gap behind private AI valuations.
Stepful Raises $55M to Train Healthcare Workers With AI
YC-backed Stepful is using AI to shorten healthcare training programs as US hospitals struggle with a long-running staffing shortage.
PointFive raises $60 million to cut AI cloud bills
The Israeli startup says AI Efficiency OS and TokenShift can expose waste in GPU, cloud and coding-agent usage as FinOps teams rush to control AI spending.
Moonshot AI seeks a $30 billion valuation
Kimi’s maker is reportedly raising $2 billion after ARR doubled from March to April and its K2 line moved from chat toward agents.
Ramp hits $44 billion valuation on AI spending controls
Ramp raised $750 million as investors bet that AI agents will become a new class of corporate spenders needing cards, controls and token-cost visibility.
Helion raises $465 million to chase fusion power for Microsoft
The Sam Altman-backed fusion company says its Orion plant could serve Microsoft as early as 2028, far ahead of most commercial fusion timelines.
Switch seeks funding above $50 billion valuation
The data-center operator has moved from an $11 billion take-private deal to a potential $50 billion-plus valuation as AI demand turns power and land into scarce assets.
Waypoint Bio raises $20M for AI-validated cell therapies
Waypoint Bio is using spatial biology and AI to validate in vivo CAR-T candidates for solid tumors before costly clinical trials.
Lassie raises $35M for dental-office AI agents
Lassie automates dental insurance claims and reconciliation for small practices, turning an unglamorous workflow into a vertical agent business.
Terra AI raises $20M to speed mineral exploration
Terra AI models underground geology to improve drill targeting for copper, gold and rare earth exploration, with BHP Ventures joining the round.
Suno Raises $400 Million at a $5.4 Billion Valuation
The AI music startup doubled its valuation in roughly six months while still fighting major copyright suits from Universal and Sony.
Coralogix Raises $200 Million to Watch AI Agents
The observability company reached a $1.6 billion valuation as investors bet that autonomous agents will need a new monitoring layer.
Apoha raises $36M to teach AI how materials behave
The UK startup is building "liquid intelligence" models from vibration data, targeting drugs, food proteins and materials R&D.
Quobly Raises €115 Million for Silicon Quantum Computers
French startup Quobly is backing silicon qubits made on 300 mm FD-SOI wafers, with STMicroelectronics among the lead investors.
DriveNets raises $410 million as AMD backs AI networking
DriveNets raised a $410 million Series D at an $8.5 billion valuation, with AMD joining a bet on Ethernet fabrics for large AI deployments.
DriveNets raises $410 million for AI networking
DriveNets is valued at $8.5 billion as AMD backs its Ethernet fabric bet against Nvidia-style closed AI clusters.
Anthropic Files Confidential S-1, Beating OpenAI to IPO Prep
Anthropic has confidentially submitted a draft S-1 to the SEC, positioning itself to go public ahead of rival OpenAI.
Alphabet to raise $80B for AI data centers, Berkshire invests $10B
Alphabet plans to raise $80 billion through stock sales to fund AI infrastructure, with Berkshire Hathaway contributing $10 billion.
Nvidia's $20B 'Not-Acquisition' of Groq's Core Team and Technology
Nvidia pays $20 billion for Groq's LPU chip technology and hires its CEO and core engineering team, while the remaining company pivots to an AI inference cloud startup called Groq2.
VCs Pivot to Vertical AI Agents as Five Deals Close in One Day
On May 28, while Anthropic's $65B round dominated headlines, a series of smaller funding rounds for vertical AI agents signaled a shift toward practical, auditable automation.
Anthropic raises $65B at $965B valuation, surpassing OpenAI
Anthropic completed a $65 billion Series H round at a $965 billion valuation, overtaking OpenAI's $852 billion valuation from two months ago.
Real-Time World Model Startup Raises $59M, Near-Zero Frame Latency
Reactor, a stealth startup founded by ex-Apple engineers, has raised $59 million in Series A funding to build a real-time world model platform that generates interactive video with near-zero latency.
OpenRouter processes 100T tokens monthly, raises $113M led by Google
OpenRouter, an AI model routing platform, has raised $113 million in Series B funding led by CapitalG, valuing the company at $1.3 billion.
Corgi doubles valuation to $2.6B in three weeks
AI insurance startup Corgi raised $106 million at a $2.6 billion valuation, doubling its valuation in just three weeks.
Cognition's valuation jumps to $26B in eight months
AI coding startup Cognition raises over $1 billion at a $26 billion valuation, claiming 90% of its internal code is now generated by its own AI agent Devin.
RevEng.AI raises $15M from NATO fund, CIA-backed In-Q-Tel
London-based cybersecurity startup RevEng.AI has raised $15 million in Series A funding led by the NATO Innovation Fund, with participation from In-Q-Tel, Sands Capital, IQ Capital, and Episode One.
Mercury Raises $200M at $5.2B Valuation After Securing Bank Charter
Mercury completed a $200 million funding round at a $5.2 billion valuation, up 49% in 14 months, after receiving preliminary approval for a national bank charter from the OCC.
AI cabinet steel maker SendCutSend raises $110M at $1B valuation
SendCutSend, a metal fabrication startup, raised $110 million led by Paradigm and Sequoia, hitting a $1 billion valuation as AI data center demand drives orders.
AI coworker Viktor hits $15M ARR, raises $75M from Accel
Viktor, an AI agent that lives inside Slack and Teams, has raised $75 million from Accel after reaching $15 million in annual recurring revenue within three months of launch.
AI search engine Exa raises $250M at $2.2B valuation
Exa Labs closes a $250 million Series C led by a16z, tripling its valuation to $2.2 billion in six months.
Nourish raises $100M for AI dietitian care
Nourish is pitching dietitian-led, AI-assisted care as the missing layer around GLP-1 weight-loss drugs and metabolic health.
Armada raises $230M for modular AI data centers
Armada is selling deployable AI infrastructure for ships, energy sites and remote industrial operations.
Moment raises $78M to build an AI operating system for wealth managers
Index Ventures led the Series C less than a year after Moment’s prior round, as assets on the platform grew from $300B to more than $10T.
Dust raises $40M Series B, 300K agents live
Dust, an enterprise AI startup, has raised $40 million in Series B funding led by Sequoia and Abstract, with participation from Snowflake Ventures and Datadog, bringing total funding to over $60 million.
Exaforce raises $125M for AI security operations
The three-year-old startup says Exabot can turn multi-day SOC investigations into minute-level work as AI-native security funding accelerates.
Iceotope raises $26M as AI cooling demand jumps
The UK liquid-cooling company wants to scale immersion systems as next-generation AI racks push far beyond what air cooling can handle.
SoftBank’s Vision Fund profit rests on OpenAI
SoftBank booked a $46 billion Vision Fund gain, with $45 billion tied to OpenAI, making Masayoshi Son’s AI bet unusually concentrated.
Fractile raises $220M to rethink inference chips
London startup Fractile raised a $220 million Series B led by Accel, Factorial Funds and Founders Fund to attack the inference bottleneck with a memory-centric chip design.
Recursive raises $650M to pursue self-improving AI
Recursive Superintelligence emerged with a $650 million round and a $4.65 billion valuation to pursue recursive self-improvement rather than a conventional product roadmap.
Anthropic funding talks point to a $900B valuation
Bloomberg-reported talks would put Anthropic on a dramatically higher valuation track as compute commitments and a possible October IPO shape the financing.
Isomorphic raises $2.1B to push AI-designed drugs toward clinic
DeepMind spinout Isomorphic Labs raised $2.1 billion as Demis Hassabis now points to first AI-designed drugs entering human trials by late 2026.
Anduril doubles valuation with a $5B Series H
Anduril raised $5 billion at a $61 billion valuation, with revenue growth and autonomous defense programs supporting a steep AI premium.
Anduril’s $61B valuation turns defense AI into the hard part of the AI trade
A second Anduril article focuses on how the $61 billion valuation rests on revenue, Lattice contracts and the wider defense AI investment cycle.
Vapi reaches $500M valuation after winning Amazon Ring
Vapi raised a $50 million Series B after Amazon Ring chose its voice AI stack over dozens of alternatives for inbound support calls.
Wispr Flow raises new funding for voice AI
Wispr Flow raises new funding for voice AI. The story explains the announcement, the strategic context and the practical risks for the people or companies affected.
Moonshot AI raises $2B as valuation hits $20B
Meituan-backed investors have pushed Kimi maker Moonshot AI to a $20 billion valuation, testing how far China's model-company pricing can run.
ElevenLabs Pushes ARR Toward $500M
ElevenLabs extended its Series D above $550 million at an $11 billion valuation, but the sharper signal is enterprise voice AI revenue growing 43% in one quarter.
Genesis AI Debuts Robotic Hand Model GENE-26.5
Genesis AI says its GENE-26.5 model can handle cooking, lab pipetting, cables and piano-like dexterity by pairing a robotic hand with low-cost human demonstration data.
Moonshot AI Hits $20 Billion Valuation With Meituan-Led Round
Moonshot AI has raised $2 billion at a $20 billion-plus valuation, putting Kimi at the center of China’s race for open-source large models and a possible Hong Kong listing.