Releases

Lovable reported passing $100 million in annual recurring revenue eight months after its first $1 million.

Lovable raised a $200 million Series A led by Accel.

Perplexity raised approximately $100 million at an $18 billion valuation.

OpenEvidence raised $210 million in Series B financing to scale its medical information platform.

Thinking Machines Lab closed a $2 billion seed financing led by Andreessen Horowitz with participation from NVIDIA, Accel, AMD, Cisco, ServiceNow and Jane Street.

Cognition acquired Windsurf and its agentic IDE business, combining Devin's cloud agent with Windsurf's developer environment and go-to-market organization.

CoreWeave announced an all-stock agreement to acquire Core Scientific and increase direct ownership of power and HPC data-center infrastructure.

Skild AI raised a reported $135 million Series B backed by strategic and venture investors including NVIDIA, Samsung and SoftBank.

Morgan Stanley arranged $5 billion of debt financing and xAI separately raised $5 billion in strategic equity to fund AI infrastructure and product development.

CoreWeave had a public equity market capitalization of approximately $83.1 billion as of Jun 30, 2025 (NASDAQ: CRWV), per StockAnalysis period-end data.

Baidu had a public equity market capitalization of approximately $29.5 billion as of Jun 30, 2025 (NASDAQ: BIDU), per StockAnalysis period-end data.

IBM had a public equity market capitalization of approximately $274.0 billion as of Jun 30, 2025 (NYSE: IBM), per StockAnalysis period-end data.

Palantir had a public equity market capitalization of approximately $321.7 billion as of Jun 30, 2025 (NASDAQ: PLTR), per StockAnalysis period-end data.

Meta had a public equity market capitalization of approximately $1.856 trillion as of Jun 30, 2025 (NASDAQ: META), per StockAnalysis period-end data.

Amazon had a public equity market capitalization of approximately $2.329 trillion as of Jun 30, 2025 (NASDAQ: AMZN), per StockAnalysis period-end data.

Alphabet had a public equity market capitalization of approximately $2.145 trillion as of Jun 30, 2025 (NASDAQ: GOOGL), per StockAnalysis period-end data.

Microsoft had a public equity market capitalization of approximately $3.697 trillion as of Jun 30, 2025 (NASDAQ: MSFT), per StockAnalysis period-end data.

Suno acquired WavTool to add advanced digital-audio-workstation technology.

Genspark reported that Super Agent reached $10 million ARR in nine days and $36 million ARR after 45 days.

Abridge closed a $300 million Series E led by Andreessen Horowitz and joined by Khosla Ventures.

Harvey raised $300 million at a $5 billion valuation.

Decagon raised a $131 million Series C co-led by Accel and Andreessen Horowitz.

Applied Intuition announced a $600 million Series F financing and tender offer, comprising primary and secondary capital.

Meta made a $14.3 billion strategic investment for a 49% non-voting minority stake in Scale AI, valuing the independent company at over $29 billion and expanding the commercial partnership.

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.

A Sequoia-led employee tender offer valued Clay at $1.5 billion.

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.