Releases

Sacra estimates Shield AI generated about $163 million in revenue in 2023. Third-party estimate, not a company disclosure.

Sacra estimates Applied Intuition's annual recurring revenue was $207 million in 2023. Third-party estimate, not a company disclosure.

NVIDIA market capitalisation at end of calendar year 2023, up 240% year-over-year, driven by explosive demand for AI training GPUs following the ChatGPT-led generative AI boom.

Harvey raised $80 million at a $715 million valuation.

Mistral AI completed a €385 million Series A at a reported valuation of about €2 billion.

CoreWeave completed a $642 million secondary transaction that gave existing shareholders liquidity and broadened its institutional investor base.

HeyGen raised $5.6 million in funding led by Conviction to expand its near-instant avatar and AI video technology.

Google agreed to invest up to $2 billion in Anthropic, including $500 million upfront and an additional $1.5 billion over time.

Upper90 committed $200 million in asset-backed financing for additional GPUs as Crusoe expanded H100, A100 and L40S cloud capacity.

Databricks acquired enterprise data replication company Arcion to make operational data available for analytics and AI.

Anysphere raised an $8 million seed round led by the OpenAI Startup Fund to build Cursor.

Modal announced a $16 million Series A, bringing total capital raised to $23 million.

Amazon made an initial $1.25 billion investment in Anthropic under its broader commitment of up to $4 billion.

Databricks raised more than $500 million in Series I financing at a $43 billion valuation.

Speak raised a $16 million Series B-2 led by Lachy Groom, bringing total funding to $63 million.

Hugging Face raised $235 million in a Series D led by Salesforce Ventures at a $4.5 billion post-money valuation, with participation from major cloud and semiconductor companies.

SK Telecom invested an additional $100 million in Anthropic and formed a partnership to build a multilingual model for telecommunications.

CoreWeave closed a $2.3 billion debt financing led by Magnetar and Blackstone to purchase hardware for contracted AI workloads.

Databricks completed its acquisition of MosaicML, adding foundation-model training, inference, research and open models to its AI platform.

Runway raised a $141 million financing extension at a reported $1.5 billion valuation.

ElevenLabs raised a $19 million Series A led by Nat Friedman, Daniel Gross, and Andreessen Horowitz.

Mistral AI raised a €105 million seed round, one of Europe's largest seed financings, at a reported valuation of roughly €240 million.

Cohere raised $270 million from Inovia, Oracle, NVIDIA, Salesforce and other investors to scale enterprise generative AI.

EliseAI raised a $35 million Series C led by Point72 Private Investments.

Anthropic raised $450 million led by Spark Capital to scale reliable AI products and safety research.

Databricks agreed to acquire data-governance company Okera to strengthen governance and AI security capabilities.

Harvey raised a $21 million Series A led by Sequoia with participation from the OpenAI Startup Fund and others.

CoreWeave closed a primary Series B funding round led by Magnetar Capital to expand its GPU cloud for generative AI.

Perplexity raised $25.6 million in a Series A led by New Enterprise Associates.

HeyGen reached approximately $1 million in annual recurring revenue seven months after launch.

CoreWeave acquired Conductor Technologies and its cloud task-management and burst-rendering platform, extending the cloud into end-to-end VFX and animation workflows.

NVIDIA market capitalisation at end of calendar year 2022, down 51% from the prior year amid a broader semiconductor and tech sector downturn.

Magnetar backed CoreWeave with a $100 million strategic investment to expand GPU capacity for AI, machine learning, and visual-computing customers.

Harvey raised a $5 million seed round led by the OpenAI Startup Fund.

Speak raised a $27 million Series B led by the OpenAI Startup Fund, with participation from Founders Fund and existing investors.

Perplexity raised approximately $3.1 million in seed financing from Elad Gil and a group of prominent AI and technology investors.

Sequoia and Index purchased shares from Notion employees at the same $10 billion valuation as the prior financing.

Oracle completed its acquisition of Cerner to create a major health technology and clinical-data business.

Hugging Face raised $100 million in Series C funding led by Lux Capital at a reported $2 billion post-money valuation.

Anthropic raised $580 million to build steerable, interpretable, and robust AI systems and expand its research infrastructure.

Modal raised $7 million in seed financing to build its serverless cloud platform.

Microsoft completes its acquisition of Nuance, adding clinical speech recognition, ambient intelligence and conversational AI to its portfolio.

Cohere raised $125 million in a Series B led by Tiger Global to expand its enterprise language-model platform.

IBM agreed to sell healthcare data and analytics assets from Watson Health to Francisco Partners.

Crusoe closed a $350 million Series C equity financing led by G2 Venture Partners to scale its climate-aligned computing infrastructure.

ElevenLabs' first financing valued the company at $9 million.

Hugging Face acquired Gradio, bringing its open-source interface framework and team into the company while keeping the project open source.

EliseAI raised a $23.5 million Series B backed by Navitas Capital, JLL Spark, and other strategic real-estate investors.

CoreWeave raised $50 million from Magnetar Capital to scale its specialized NVIDIA GPU cloud infrastructure.

Scale acquired Berlin-based SiaSearch and folded its petabyte-scale sensor-data search technology and team into Scale Nucleus.