Releases

Perplexity closed a $500 million financing led by Accel at a $14 billion valuation.

Crusoe secured a $750 million credit facility from Brookfield to accelerate energy-first AI factory development.

Glean raised $150 million in Series F financing led by Wellington Management to support product innovation, partnerships and international growth.

An OpenAI spokesperson confirmed $10 billion in ARR across consumer products, ChatGPT business products and the API, excluding Microsoft licensing revenue and large one-time deals. ARR was about $5.5 billion at the end of 2024.

Cursor disclosed more than $500 million in annual recurring revenue and adoption by over half of the Fortune 500.

Cursor raised $900 million at a $9.9 billion valuation from Thrive, Accel, Andreessen Horowitz, and DST.

Replit reached $100 million in ARR in June 2025, CEO Amjad Masad said on X at the time.

Oracle had a public equity market capitalization of approximately $464.2 billion as of May 31, 2025 (NYSE: ORCL), per StockAnalysis period-end data.

NVIDIA reported Q1 fiscal 2026 revenue of $44.1 billion, up 69% year-over-year and 12% sequentially. Data Center revenue was $39.1 billion (+73% YoY). Net income was $18.8 billion (GAAP). Results included a $4.5 billion charge related to H20 export control restrictions.

Legora raised $80 million in Series B financing led by ICONIQ and General Catalyst.

Databricks agreed to acquire serverless Postgres company Neon to create Lakebase for AI applications and agents.

CoreWeave completed its acquisition of Weights & Biases, creating an end-to-end AI cloud spanning infrastructure, model development, and evaluation.

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

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

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.

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.

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.