Releases

Cohere reportedly crossed $100 million in annualized revenue in May 2025.

Rogo raised a $50 million Series B led by Thrive Capital, with J.P. Morgan Growth Equity Partners and Tiger Global joining.

NVIDIA had a public equity market capitalization of approximately $2.709 trillion as of Apr 27, 2025 (NASDAQ: NVDA), per StockAnalysis period-end data.

Listen disclosed $27 million raised across seed and Series A rounds led by Sequoia Capital, with participation from Conviction and Pear VC.

Synthesia announced that annual recurring revenue had surpassed $100 million.

Hugging Face acquired Pollen Robotics, maker of Reachy robots, to accelerate its open-source robotics strategy and connect physical hardware with the LeRobot ecosystem.

SSI completed a $2 billion financing led by Greenoaks, with participation reported from Alphabet, NVIDIA and other investors.

Krea disclosed that it had previously raised $3 million across pre-seed and seed financing.

Krea raised a $47 million Series B led by Bain Capital Ventures, bringing total funding to $83 million.

Runway raised $308 million in a General Atlantic-led round at a valuation above $3 billion.

CoreWeave had a public equity market capitalization of approximately $17.2 billion as of Mar 31, 2025 (NASDAQ: CRWV), per StockAnalysis period-end data.

Baidu had a public equity market capitalization of approximately $31.6 billion as of Mar 31, 2025 (NASDAQ: BIDU), per StockAnalysis period-end data.

IBM had a public equity market capitalization of approximately $230.6 billion as of Mar 31, 2025 (NYSE: IBM), per StockAnalysis period-end data.

Palantir had a public equity market capitalization of approximately $197.9 billion as of Mar 31, 2025 (NASDAQ: PLTR), per StockAnalysis period-end data.

Meta had a public equity market capitalization of approximately $1.460 trillion as of Mar 31, 2025 (NASDAQ: META), per StockAnalysis period-end data.

Amazon had a public equity market capitalization of approximately $2.016 trillion as of Mar 31, 2025 (NASDAQ: AMZN), per StockAnalysis period-end data.

Alphabet had a public equity market capitalization of approximately $1.894 trillion as of Mar 31, 2025 (NASDAQ: GOOGL), per StockAnalysis period-end data.

Microsoft had a public equity market capitalization of approximately $2.791 trillion as of Mar 31, 2025 (NASDAQ: MSFT), per StockAnalysis period-end data.

OpenAI announced $40 billion in new funding led by SoftBank at a $300 billion post-money valuation.

CoreWeave’s Class A common stock began public trading on the Nasdaq Global Select Market under ticker CRWV.

xAI acquired social network X in an all-stock deal valuing X at $33 billion in equity and xAI at $80 billion, combining data, models, compute and distribution.

Upper90 closed a $225 million credit facility to expand Crusoe Cloud infrastructure.

CoreWeave priced 37.5 million Class A shares at $40 each, with trading under CRWV scheduled to begin on Nasdaq the next day.

xAI acquired AI video-generation startup Hotshot, bringing its team and technology into xAI’s multimodal roadmap.

Reflection disclosed a $105 million Series A led by Lightspeed Venture Partners and CRV, bringing the announced financing total to $130 million.

Reflection disclosed a $25 million seed financing led by Sequoia Capital and CRV.

Shield AI completed a $240 million strategic financing at a $5.3 billion valuation.

CoreWeave entered an agreement to acquire Weights & Biases and add experiment tracking, model management, evaluation, and monitoring to its AI cloud platform.

Genspark announced a $100 million Series A alongside its AI search, browser, and agents mobile super app.

Anthropic raised $3.5 billion led by Lightspeed Venture Partners at a $61.5 billion post-money valuation.

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.