Releases

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

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.

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.

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

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).

Mistral AI agreed to acquire French serverless cloud platform Koyeb to strengthen its AI infrastructure and deployment stack; financial terms were not disclosed.

Anthropic disclosed annualized run-rate revenue of $14 billion and said it had grown more than tenfold annually for each of the prior three years.

Anthropic raised a $30 billion Series G led by GIC and Coatue, with a $380 billion post-money valuation.

Runway raised a $315 million Series E at a $5.3 billion valuation.

Databricks disclosed a $1.4 billion annual revenue run-rate for its AI products.

Databricks completed about $5 billion of equity financing at a $134 billion valuation plus roughly $2 billion of additional debt capacity.

ElevenLabs raised $500 million at an $11 billion valuation.

SpaceX acquired X.AI Holdings in an all-stock merger. Reporting tied to the transaction valued xAI at about $250 billion and SpaceX at $1 trillion, implying a combined $1.25 trillion value.

xAI closed an upsized $20 billion Series E, above its $15 billion target; contemporaneous reporting placed the company’s valuation at more than $230 billion.

Baidu announced a proposed spin-off and separate listing of its Kunlunxin AI-chip business.

Moonshot completed a reported $500 million financing at a $4.3 billion valuation.

NVIDIA market capitalisation at end of calendar year 2025, up 38% year-over-year. NVIDIA remained the world's most valuable public company, sustained by record data centre AI GPU demand.

Graphite entered into a definitive agreement to be acquired by Cursor while initially continuing to operate its code-review platform independently.

Databricks announced it was raising more than $4 billion in Series L equity financing at a $134 billion valuation.

Suno raised a $250 million Series C at a $2.45 billion post-money valuation.

NVIDIA reported Q3 fiscal 2026 record revenue of $57.0 billion, up 62% year-over-year and 22% sequentially. Data Center revenue was $51.2 billion (+66% YoY). Net income was $31.9 billion (GAAP). Jensen Huang noted 'Blackwell sales are off the charts, and cloud GPUs are sold out.'

Cursor raised $2.3 billion at a $29.3 billion post-money valuation from existing and new investors including Coatue, NVIDIA, and Google.

Cursor disclosed that annualized revenue had surpassed $1 billion and its team had grown beyond 300 people.

CoreWeave increased its revolving credit facility from $1.5 billion to $2.5 billion and extended maturity to November 2029.

CoreWeave announced the acquisition of Marimo, creator of an open-source reactive Python notebook, to unify experimentation and production workflows.

Harvey raised a €50 million Series E extension from EQT Growth.

CoreWeave agreed to acquire Monolith AI and extend its full-stack platform into industrial engineering, simulation, automotive, and manufacturing workflows.

Modal announced its Series B, reported at $87 million and a $1.1 billion post-money valuation.

A second close added $100 million from BDC and Nexxus Capital Management, bringing Cohere's valuation to approximately $7 billion.

Perplexity raised $200 million at a $20 billion valuation.

Mistral AI raised €1.7 billion in a Series C led by ASML at an €11.7 billion post-money valuation.

ElevenLabs announced a $100 million employee tender offer valuing the company at $6.6 billion.

Databricks announced the close of a $1 billion Series K at a valuation above $100 billion.

Databricks disclosed that its AI products had exceeded a $1 billion annual revenue run-rate.

CoreWeave entered an agreement to acquire OpenPipe and add reinforcement-learning post-training for AI agents to its developer platform.

Anthropic completed a $13 billion Series F led by ICONIQ at a $183 billion post-money valuation.

Anthropic disclosed that annualized revenue had exceeded $5 billion by August 2025.

NVIDIA reported Q2 fiscal 2026 revenue of $46.7 billion, up 56% year-over-year and 6% sequentially. Data Center revenue reached $41.1 billion. Net income was $26.4 billion (GAAP). NVIDIA approved an additional $60 billion share repurchase authorization.

Radical Ventures and Inovia Capital co-led a $500 million financing with AMD, NVIDIA, PSP, Salesforce Ventures and HOOPP participating.

Perplexity submitted a nonbinding $34.5 billion offer to acquire Google's Chrome browser; Google had not offered Chrome for sale.