Releases

World Labs emerged from stealth after raising $230 million to develop spatial-intelligence world models.

Glean raised more than $260 million in Series E financing co-led by Altimeter and DST Global.

SSI raised more than $1 billion in cash from investors including NFDG, Andreessen Horowitz, Sequoia Capital, DST Global and SV Angel.

Oracle had a public equity market capitalization of approximately $389.4 billion as of Aug 31, 2024 (NYSE: ORCL), per StockAnalysis period-end data.

Cursor raised $60 million in Series A financing from Andreessen Horowitz, Thrive Capital, OpenAI, and other technology leaders at a reported $400 million valuation.

Hugging Face acquired XetHub to bring content-defined chunking, deduplication, and high-performance storage to large AI repositories.

Moonshot raised a reported $300 million round that valued the company at $3.3 billion.

Harvey raised $100 million at a $1.5 billion valuation in a GV-led Series C.

PSP Investments led a $500 million round with Cisco, Fujitsu, AMD Ventures, EDC, NVIDIA and Salesforce Ventures participating.

Skild AI raised a $300 million Series A led by Lightspeed Venture Partners, Coatue, SoftBank Group and Bezos Expeditions.

Perplexity completed a reported financing round of roughly $250 million at a $3 billion valuation, including strategic backing from SoftBank.

Hugging Face acquired Argilla, an open-source platform for human and synthetic data curation and model feedback.

Mistral AI raised €600 million in equity and debt at a reported €5.8 billion valuation.

Databricks agreed to acquire Tabular, founded by the creators of Apache Iceberg, to advance interoperability between Delta Lake and Iceberg.

xAI raised $6 billion from investors including Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital and Fidelity; Reuters reported a $24 billion post-money valuation.

Suno raised $125 million in funding at a reported $500 million valuation.

Scale closed a $1 billion primary-and-secondary financing led by Accel at a $13.8 billion valuation.

CoreWeave signed a $7.5 billion debt facility led by Blackstone and Magnetar to expand its contracted high-performance compute fleet.

CoreWeave raised $1.1 billion in Series C funding led by Coatue to expand its AI cloud across products and geographies.

IBM agreed to acquire HashiCorp to expand hybrid-cloud automation for infrastructure supporting generative AI.

NVIDIA entered a definitive agreement to acquire AI workload orchestration provider Run:ai.

Perplexity raised $62.7 million in a Series B extension led by Daniel Gross, taking its valuation above $1 billion.

Shield AI acquired Sentient Vision Systems and its wide-area motion-imaging portfolio.

Amazon invested an additional $2.75 billion, completing its initial $4 billion Anthropic investment commitment.

Together AI raised $106 million in financing led by Salesforce Ventures to scale its open-model AI platform.

Applied Intuition raised $250 million in Series E financing led by Lux Capital, Elad Gil and Porsche Investments Management.

Physical Intelligence raised a $70 million seed round to build general-purpose AI foundation models for robots.

Glean raised $200 million in Series D financing to accelerate deployment of enterprise generative AI.

Microsoft invested €15 million in Mistral AI through a convertible note alongside the companies' commercial partnership.

Abridge raised $150 million in Series C financing to expand its enterprise clinical AI platform.

Moonshot raised about $1 billion in a financing round led by Alibaba, reaching a reported $2.5 billion valuation.

Databricks acquired Einblick, whose natural-language notebook technology and team strengthened AI-native data exploration.

ElevenLabs raised an $80 million Series B and reached unicorn status at an approximately $1.1 billion valuation.

Perplexity raised $73.6 million in a Series B led by IVP at a reported $520 million valuation, with participation from NVIDIA, Jeff Bezos and others.

Anthropic reportedly closed a $750 million Series D led by Menlo Ventures at an approximately $18.4 billion post-money valuation.

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.

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.

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.