Releases

The Information put Baseten's annualized revenue at about $30 million in March 2025, a month after its Series C.

Sacra estimates that Perplexity reached $100 million in annual recurring revenue in March 2025, up 59% from $63 million at the end of 2024. Third-party estimate, not a company disclosure.

Glean reported surpassing $100 million in annual recurring revenue in its fiscal year, less than three years after launch.

Oracle had a public equity market capitalization of approximately $464.5 billion as of Feb 28, 2025 (NYSE: ORCL), per StockAnalysis period-end data.

IBM completed the HashiCorp acquisition, adding Terraform and Vault to its hybrid-cloud and AI platform.

Lovable announced $15 million in additional early-stage funding to expand its European team and product.

IBM agreed to acquire DataStax to add vector data, Astra DB and Langflow capabilities to watsonx.

Mercor raised a $100 million Series B led by Felicis.

Bloomberg reported, citing a person familiar with the matter, that Together AI had recently surpassed $100 million in annualized revenue, up from $30 million in February 2024, as it raised $305 million at a $3.3 billion valuation.

Together AI raised a $305 million Series B led by General Catalyst and co-led by Prosperity7.

OpenEvidence raised $75 million in a Series A led by Sequoia Capital.

Baseten raised a $75 million Series C co-led by IVP and Spark Capital to expand mission-critical AI inference infrastructure.

Abridge raised $250 million in a Series D co-led by Elad Gil and IVP to expand AI capabilities and commercial deployments.

fal raised a $49 million Series B, bringing total funding to $72 million.

Harvey raised $300 million at a $3 billion valuation in a Sequoia-led Series D.

A consortium led by xAI submitted an unsolicited $97.4 billion offer for the nonprofit controlling OpenAI; the proposal was rejected and did not proceed.

Mistral's annualized revenue run rate was about $20 million in early 2025, according to CEO Arthur Mensch's February 2026 comments to the Financial Times comparing it with the $400 million-plus run rate a year later.

ElevenLabs raised $180 million at a $3.3 billion valuation.

Lovable reported reaching $10 million in annual recurring revenue roughly two months after launch.

NVIDIA had a public equity market capitalization of approximately $3.493 trillion as of Jan 26, 2025 (NASDAQ: NVDA), per StockAnalysis period-end data.

Clay raised a $40 million pre-emptive expansion to its Series B led by existing investor Meritech.

Databricks completed $10 billion in equity financing and arranged $5.25 billion in debt facilities at a $62 billion equity valuation.

Google makes an additional $1 billion investment in Anthropic, extending its financial and cloud partnership with the AI developer.

Google reportedly made an additional $1 billion investment in Anthropic, deepening its existing investment and cloud relationship.

Clay acquired Avenue to add intent signals and first-party data capabilities to its GTM platform.

Cursor disclosed that annual recurring revenue had surpassed $100 million.

Cursor raised $105 million in Series B funding from Thrive Capital, Andreessen Horowitz, Benchmark, and existing investors at a reported $2.6 billion post-money valuation.

Synthesia raised a $180 million Series D led by NEA to advance enterprise AI video and expand globally.

Sacra estimates Cohere's annual recurring revenue was about $62 million at the end of 2024. Third-party estimate, not a company disclosure.

Third-party estimates put Crusoe's 2024 revenue at about $276 million. Not a company disclosure.

Sacra estimates Shield AI generated $267 million in revenue in 2024, up 64% from about $163 million in 2023. Third-party estimate, not a company disclosure.

Sacra estimates Applied Intuition reached $415 million in annual recurring revenue in 2024, up 100% from $207 million in 2023. Third-party estimate, not a company disclosure.

Sacra estimates Harvey's annual recurring revenue was about $50 million at the end of 2024. Third-party estimate, not a company disclosure.

Scale AI generated $870 million in revenue in 2024, a figure the company confirmed to Forbes in May 2026.

Baidu had a public equity market capitalization of approximately $29.6 billion as of Dec 31, 2024 (NASDAQ: BIDU), per StockAnalysis period-end data.

IBM had a public equity market capitalization of approximately $203.3 billion as of Dec 31, 2024 (NYSE: IBM), per StockAnalysis period-end data.

Palantir had a public equity market capitalization of approximately $172.3 billion as of Dec 31, 2024 (NASDAQ: PLTR), per StockAnalysis period-end data.

Meta had a public equity market capitalization of approximately $1.478 trillion as of Dec 31, 2024 (NASDAQ: META), per StockAnalysis period-end data.

Amazon had a public equity market capitalization of approximately $2.307 trillion as of Dec 31, 2024 (NASDAQ: AMZN), per StockAnalysis period-end data.

Alphabet had a public equity market capitalization of approximately $2.324 trillion as of Dec 31, 2024 (NASDAQ: GOOGL), per StockAnalysis period-end data.

Microsoft had a public equity market capitalization of approximately $3.134 trillion as of Dec 31, 2024 (NASDAQ: MSFT), per StockAnalysis period-end data.

NVIDIA market capitalisation at end of calendar year 2024, up 169% year-over-year, briefly surpassing Apple and Microsoft to become the world's most valuable public company.

xAI closed a $6 billion Series C backed by major institutional and sovereign investors; regulatory reporting indicated an approximately $45 billion post-money valuation.

Perplexity closed a $500 million financing led by IVP at a $9 billion valuation.

Perplexity acquired Carbon, a startup specializing in connecting AI systems to enterprise data sources; terms were not disclosed.

Databricks announced a Series J targeting $10 billion, with $8.6 billion completed at announcement, valuing the company at $62 billion.

Crusoe raised $600 million in a Series D led by Founders Fund to expand AI data centers and Crusoe Cloud.

Speak raised a $78 million Series C led by Accel, bringing total funding to $162 million.

Oracle had a public equity market capitalization of approximately $512.2 billion as of Nov 30, 2024 (NYSE: ORCL), per StockAnalysis period-end data.

Amazon made a new $4 billion investment in Anthropic, bringing its total investment to $8 billion and naming AWS the primary cloud and training partner.