Releases

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.

Sierra reported more than $150 million in annual recurring revenue as it entered its third year.

Baseten raised $300 million in a Series E led by IVP and CapitalG, with participation including NVIDIA.

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.

A $55 million employee tender led by DST Global valued Clay at $5 billion.

Decagon raised a $250 million Series D led by Coatue Management and Index Ventures.

Synthesia raised a $200 million Series E to expand its enterprise AI video and workforce-learning platform.

NVIDIA had a public equity market capitalization of approximately $4.560 trillion as of Jan 25, 2026 (NASDAQ: NVDA), per StockAnalysis period-end data.

OpenEvidence reported surpassing $100 million in annual revenue.

OpenEvidence raised $250 million in a Series D co-led by Thrive Capital and DST Global.

Skild AI raised $1.4 billion in a Series C led by SoftBank with participation from NVentures, Macquarie Capital, Bezos Expeditions and existing investors.

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.

Cohere told investors in a February 2026 memo obtained by CNBC that it hit $240 million in annual recurring revenue in 2025, beating its $200 million target. Cohere declined to comment on the figure.

Sacra estimates Together AI's annualized revenue was about $618 million at the end of 2025. Third-party estimate, not a company disclosure.

Sacra estimates Replit's annualized revenue was about $300 million at the end of 2025. Third-party estimate, not a company disclosure.

Shield AI told Fortune in March 2026 it expects more than 80% revenue growth in 2026, which Fortune said equates to at least $540 million based on its 2025 revenue, implying about $300 million for 2025. Sacra separately estimates about $300 million for the year ending March 2025.

Baseten's annualized revenue stood at about $200 million at the start of the first quarter of 2026, before tripling during the quarter, according to The Information's May 2026 reporting.

Sacra estimates Applied Intuition hit $830 million in annual recurring revenue in 2025, up about 2x from $415 million in 2024. Third-party estimate, not a company disclosure.

Harvey hit an annual recurring revenue rate of $190 million by the end of 2025, founder and CEO Winston Weinberg shared on LinkedIn, up from $100 million in August 2025.

Scale told Forbes in May 2026 that it tallied just shy of $1 billion in revenue in 2025, up from $870 million in 2024, and expects to top $1 billion in 2026.

CFO Sarah Friar disclosed on 18 January 2026 that OpenAI's ARR grew from $2 billion in 2023 to $6 billion in 2024 and more than $20 billion in 2025.

CoreWeave had a public equity market capitalization of approximately $35.7 billion as of Dec 31, 2025 (NASDAQ: CRWV), per StockAnalysis period-end data.

Baidu had a public equity market capitalization of approximately $44.9 billion as of Dec 31, 2025 (NASDAQ: BIDU), per StockAnalysis period-end data.

IBM had a public equity market capitalization of approximately $276.9 billion as of Dec 31, 2025 (NYSE: IBM), per StockAnalysis period-end data.

Palantir had a public equity market capitalization of approximately $423.7 billion as of Dec 31, 2025 (NASDAQ: PLTR), per StockAnalysis period-end data.

Meta had a public equity market capitalization of approximately $1.664 trillion as of Dec 31, 2025 (NASDAQ: META), per StockAnalysis period-end data.

Amazon had a public equity market capitalization of approximately $2.468 trillion as of Dec 31, 2025 (NASDAQ: AMZN), per StockAnalysis period-end data.

Alphabet had a public equity market capitalization of approximately $3.781 trillion as of Dec 31, 2025 (NASDAQ: GOOGL), per StockAnalysis period-end data.

Microsoft had a public equity market capitalization of approximately $3.594 trillion as of Dec 31, 2025 (NASDAQ: MSFT), per StockAnalysis period-end data.

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.

Lovable raised a $330 million Series B led by CapitalG and Menlo Ventures' Anthology fund.

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

Chai Discovery raised a $130 million Series B from General Catalyst and Oak HC/FT.

fal raised a $140 million Series D with new investors Sequoia, Kleiner Perkins, and NVIDIA.

Clay reported crossing $100 million in annual recurring revenue, growing from $1 million in two years.

A secondary employee share sale reportedly valued Notion at approximately $11 billion.

Black Forest Labs raised a $300 million Series B co-led by Salesforce Ventures and Anjney Midha, taking disclosed total funding above $450 million.

Oracle had a public equity market capitalization of approximately $575.7 billion as of Nov 30, 2025 (NYSE: ORCL), per StockAnalysis period-end data.

Sierra announced that it reached $100 million in annual recurring revenue seven quarters after its public launch.

Genspark announced a $275 million Series B backed by Emergence Capital, SBI Investment, LG Technology Ventures, Pavilion Capital, UpHonest Capital, and existing investors.

Physical Intelligence raised $600 million in a round led by CapitalG to expand its robot foundation-model research and data collection.

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.'

Lovable reported doubling annual recurring revenue to $200 million four months after reaching $100 million.