Releases

Decagon raised a $65 million Series B led by Bain Capital Ventures, bringing total funding to $100 million.

CoreWeave secured a $650 million revolving credit facility from a syndicate of major banks to support global expansion.

OpenAI closed a $6.6 billion funding round at a $157 billion post-money valuation.

Rogo raised an $18.5 million Series A led by Khosla Ventures, bringing disclosed funding to $26 million.

Baidu had a public equity market capitalization of approximately $36.9 billion as of Sep 30, 2024 (NASDAQ: BIDU), per StockAnalysis period-end data.

IBM had a public equity market capitalization of approximately $203.6 billion as of Sep 30, 2024 (NYSE: IBM), per StockAnalysis period-end data.

Palantir had a public equity market capitalization of approximately $83.3 billion as of Sep 30, 2024 (NASDAQ: PLTR), per StockAnalysis period-end data.

Meta had a public equity market capitalization of approximately $1.448 trillion as of Sep 30, 2024 (NASDAQ: META), per StockAnalysis period-end data.

Amazon had a public equity market capitalization of approximately $1.956 trillion as of Sep 30, 2024 (NASDAQ: AMZN), per StockAnalysis period-end data.

Alphabet had a public equity market capitalization of approximately $2.049 trillion as of Sep 30, 2024 (NASDAQ: GOOGL), per StockAnalysis period-end data.

Microsoft had a public equity market capitalization of approximately $3.198 trillion as of Sep 30, 2024 (NASDAQ: MSFT), per StockAnalysis period-end data.

Mercor raised a $30 million Series A led by Benchmark.

fal raised a $14 million Series A led by Kindred Ventures.

fal disclosed a $9 million seed round led by Andreessen Horowitz as part of $23 million in seed and Series A funding.

World Labs emerged from stealth after raising $230 million to develop spatial-intelligence world models.

Glean raised more than $260 million in Series E financing co-led by Altimeter and DST Global.

Chai Discovery raised approximately $30 million in seed funding led by Thrive Capital, OpenAI, and Dimension Capital.

SSI raised more than $1 billion in cash from investors including NFDG, Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel.

Oracle had a public equity market capitalization of approximately $389.4 billion as of Aug 31, 2024 (NYSE: ORCL), per StockAnalysis period-end data.

Cursor raised $60 million in Series A financing from Andreessen Horowitz, Thrive Capital, OpenAI, and other technology leaders at a reported $400 million valuation.

EliseAI raised a $75 million Series D led by Sapphire Ventures.

Hugging Face acquired XetHub to bring content-defined chunking, deduplication, and high-performance storage to large AI repositories.

Moonshot raised a reported $300 million round that valued the company at $3.3 billion.

Black Forest Labs announced a $31 million seed round led by Andreessen Horowitz.

Harvey raised $100 million at a $1.5 billion valuation in a GV-led Series C.

PSP Investments led a $500 million round with Cisco, Fujitsu, AMD Ventures, EDC, NVIDIA and Salesforce Ventures participating.

Fireworks AI raised a $52 million Series B led by Sequoia Capital, bringing total funding to $77 million.

Skild AI raised a $300 million Series A led by Lightspeed Venture Partners, Coatue, SoftBank Group and Bezos Expeditions.

Clay raised a $46 million Series B led by Meritech Capital.

Perplexity completed a reported financing round of roughly $250 million at a $3 billion valuation, including strategic backing from SoftBank.

HeyGen raised a $60 million Series A led by Benchmark, with participation from Thrive Capital, BOND, and other investors.

HeyGen reported growing from $1 million to more than $35 million in annual recurring revenue in just over a year.

Speak raised a $20 million Series B-3 led by Buckley Ventures, bringing total funding to $84 million.

Decagon raised a $30 million Series A led by Accel.

Decagon disclosed a $5 million seed round led by Andreessen Horowitz as it emerged from stealth.

Hugging Face acquired Argilla, an open-source platform for human and synthetic data curation and model feedback.

Mistral AI raised €600 million in equity and debt at a reported €5.8 billion valuation.

Databricks agreed to acquire Tabular, founded by the creators of Apache Iceberg, to advance interoperability between Delta Lake and Iceberg.

xAI raised $6 billion from investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital and Fidelity; Reuters reported a $24 billion post-money valuation.

Gamma raised a $12 million Series A led by Accel to expand its AI-powered content-creation platform.

Suno raised $125 million in funding at a reported $500 million valuation.

Scale closed a $1 billion primary-and-secondary financing led by Accel at a $13.8 billion valuation.

CoreWeave signed a $7.5 billion debt facility led by Blackstone and Magnetar to expand its contracted high-performance compute fleet.

CoreWeave raised $1.1 billion in Series C funding led by Coatue to expand its AI cloud across products and geographies.

IBM agreed to acquire HashiCorp to expand hybrid-cloud automation for infrastructure supporting generative AI.

NVIDIA entered a definitive agreement to acquire AI workload orchestration provider Run:ai.

Perplexity raised $62.7 million in a Series B extension led by Daniel Gross, taking its valuation above $1 billion.

Shield AI acquired Sentient Vision Systems and its wide-area motion-imaging portfolio.

Amazon invested an additional $2.75 billion, completing its initial $4 billion Anthropic investment commitment.

Together AI raised $106 million in financing led by Salesforce Ventures to scale its open-model AI platform.