Releases

Mistral AI signed a definitive agreement to acquire Emmi AI, expanding into physics-aware AI for engineering and industry; terms were not disclosed.

Modal reported an annualized revenue run rate exceeding $300 million at the time of its Series C.

Modal raised $355 million in Series C financing at a $4.65 billion post-money valuation.

NVIDIA reported Q1 fiscal 2027 record revenue of $81.6 billion, up 85% year-over-year and 20% sequentially. Data Center revenue reached a record $75.2 billion (+92% YoY). Net income was $58.3 billion (GAAP). NVIDIA approved an additional $80 billion share repurchase and raised the quarterly dividend from $0.01 to $0.25 per share.

Cohere acquired biopharma AI specialist Reliant AI, adding its research team, biomedical datasets and domain technology to North for Pharma.

Baidu reported AI Cloud Infrastructure revenue of RMB8.8B for Q1 2026, up 79% year over year.

Anthropic acquired Stainless, an SDK and MCP server tooling company that had powered generation of Anthropic's official SDKs.

ElevenLabs reported surpassing $500 million in annual recurring revenue during the first four months of 2026.

Sierra raised $950 million from new and existing investors led by Tiger Global and GV.

Anthropic disclosed that annualized run-rate revenue had crossed $47 billion earlier in May 2026.

Sacra estimates Replit hit $525 million in annualized revenue in April 2026, up from $300 million at the end of 2025. Third-party estimate; Replit has not disclosed current revenue and says only that it is on track for $1 billion in ARR by the end of 2026.

Moonshot AI's annual recurring revenue surpassed $200 million in April 2026 as subscription and API revenue accelerated, according to the adviser statement accompanying its roughly $2 billion funding round announced on 7 May 2026.

Rogo raised $160 million in Series D financing led by Kleiner Perkins, bringing total funding above $300 million.

NVIDIA had a public equity market capitalization of approximately $5.060 trillion as of Apr 26, 2026 (NASDAQ: NVDA), per StockAnalysis period-end data.

Cohere and Aleph Alpha announced plans to combine into a transatlantic sovereign-AI company operating as Cohere; completion remained subject to approvals.

Reflection's CEO confirmed the company had closed a $2.5 billion Series C financing to fund open-weight frontier-model development and compute commitments.

Scale acquired ICG Solutions and its LUX real-time streaming-data analytics platform to expand its national-security AI stack; ICG initially remained a wholly owned subsidiary.

Anthropic disclosed that annualized run-rate revenue had surpassed $30 billion, up from about $9 billion at the end of 2025.

Amazon made an additional $5 billion investment in Anthropic and said it could invest up to a further $20 billion.

Skild acquired Zebra Technologies' robotics division, formerly Fetch Robotics, including its Symmetry Fulfillment orchestration platform.

Abridge reportedly raised an additional $316 million extension to its Series E.

The Information reported in May 2026 that Baseten's annualized revenue tripled from about $200 million to about $600 million during the first quarter of 2026. Baseten later said its revenue had grown 20x over the prior year when announcing its Series F.

The Financial Times reported on 8 April 2026, citing figures it had seen, that Perplexity's estimated annual recurring revenue jumped about 50% in a month to more than $450 million in March after the launch of its Computer agent and usage-based pricing.

CoreWeave had a public equity market capitalization of approximately $40.7 billion as of Mar 31, 2026 (NASDAQ: CRWV), per StockAnalysis period-end data.

Baidu had a public equity market capitalization of approximately $37.9 billion as of Mar 31, 2026 (NASDAQ: BIDU), per StockAnalysis period-end data.

IBM had a public equity market capitalization of approximately $227.5 billion as of Mar 31, 2026 (NYSE: IBM), per StockAnalysis period-end data.

Palantir had a public equity market capitalization of approximately $349.9 billion as of Mar 31, 2026 (NASDAQ: PLTR), per StockAnalysis period-end data.

Meta had a public equity market capitalization of approximately $1.447 trillion as of Mar 31, 2026 (NASDAQ: META), per StockAnalysis period-end data.

Amazon had a public equity market capitalization of approximately $2.236 trillion as of Mar 31, 2026 (NASDAQ: AMZN), per StockAnalysis period-end data.

Alphabet had a public equity market capitalization of approximately $3.475 trillion as of Mar 31, 2026 (NASDAQ: GOOGL), per StockAnalysis period-end data.

Microsoft had a public equity market capitalization of approximately $2.749 trillion as of Mar 31, 2026 (NASDAQ: MSFT), per StockAnalysis period-end data.

CoreWeave closed DDTL 4.0, an up-to-$8.5 billion non-recourse facility described as the first investment-grade-rated financing backed by HPC infrastructure and a customer contract.

OpenAI announced the close of $122 billion in capital at an $852 billion post-money valuation.

Mistral AI secured approximately $830 million in debt financing to buy NVIDIA chips and develop a Paris-area AI data centre.

CEO David Holz said revenue had significantly surpassed $200 million in 2023 and had increased since then.

Shield AI announced an agreement to acquire simulation-software company Aechelon Technology.

Shield AI announced $1.5 billion in Series G equity and $500 million in preferred financing at a $12.7 billion post-money valuation.

Harvey raised $200 million at an $11 billion valuation, co-led by GIC and Sequoia.

Genspark reported reaching a $200 million annual run rate in eleven months.

Genspark announced that it had extended its Series B financing to $385 million in total, implying an additional $110 million.

Replit raised $400 million at a $9 billion valuation.

Legora raised $550 million in a Series D led by Accel to accelerate U.S. expansion.

The Information reported that Together AI's annualized revenue had hit about $1 billion, up more than 3x from mid-2025, as it held talks to raise about $1 billion. In July 2026 the company said its annual bookings had crossed $1.15 billion.

Following the Kimi K2.5 update, Moonshot AI's annual recurring revenue exceeded $100 million as of the start of March 2026, driven by paid subscribers and API usage, mainland media reported.

The Information reported that OpenAI topped $25 billion in annualized revenue as of the end of February 2026, up 17% from $21.4 billion at the end of 2025 (reported 5 March 2026).

Oracle had a public equity market capitalization of approximately $417.9 billion as of Feb 28, 2026 (NYSE: ORCL), per StockAnalysis period-end data.

OpenAI announced $110 billion of new investment from Amazon, NVIDIA, and SoftBank at a $730 billion pre-money valuation.

CoreWeave reported fiscal 2025 revenue of $5.131 billion, up 168% year over year, with $66.8 billion of revenue backlog.

NVIDIA reported Q4 fiscal 2026 record revenue of $68.1 billion, up 73% year-over-year and 20% sequentially. Data Center revenue was $62.3 billion. Full-year FY2026 revenue reached $215.9 billion (+65% YoY), with full-year net income of $120.1 billion (GAAP).

World Labs raised $1 billion from investors including AMD, Autodesk, Emerson, Fidelity, NVIDIA and Sea to advance spatial-intelligence models.