SAN FRANCISCO: Databricks announced that it raised $7 billion at a $134 billion valuation, defying the software sector selloff that wiped 30% off competitor valuations last week. The data analytics company secured $5 billion equity financing plus $2 billion debt capacity. Participants included JPMorganChase, Goldman Sachs, Morgan Stanley, Microsoft, and Qatar Investment Authority. Databricks crossed […]
SAN FRANCISCO: Anthropic, the artificial intelligence startup behind Claude chatbot, has doubled its fundraising target to twenty billion dollars following overwhelming investor demand, according to reports Tuesday. The round values the San Francisco company at three hundred fifty billion dollars, nearly doubling its one hundred eighty-three billion dollar valuation from a September raise just four […]
SANTA CLARA: nEye.ai has raised $80 million in a Series C round to scale its optical circuit switching technology for AI data centres. The round was led by Sutter Hill Ventures with participation from CapitalG, Alphabet’s independent growth fund, and M12, Microsoft’s venture fund. Total funding reaches $152 million. The company builds Optical Circuit Switches, […]
New York: In a bid to expand its AI platform for patent work, Patlytics has raised $40 million in a Series B round. The round was led by SignalFire, with participation from N47, Myriad Venture Partners, Relativity, Alumni Ventures, Antiportfolio Ventures, and BAM Corner Point. Total funding now stands at approximately $65 million, raised in […]
Seoul: Rebellions has raised $400 million in a pre-IPO funding round, valuing the South Korean AI chip startup at $2.34 billion. The round was led by Mirae Asset Financial Group and the Korea National Growth Fund. Rebellions is the first company backed under South Korea’s K-Nvidia initiative to develop a domestic AI chip champion. Participating […]
Silicon Valley: Novaworks has raised $8M in seed funding and launched what it calls the first agentic operating system for Total Workforce Management. The round was led by Stalwart Ventures, with strategic participation from ServiceNow Ventures and Bell Ventures. The founding team brings direct credibility to the problem they are solving. CEO Kelley Steven-Waiss and […]
Santa Clara: Every conversation about AI infrastructure starts with chips. It rarely ends there. Behind every GPU cluster training a frontier model sits a web of networking hardware that determines how fast those chips actually talk to each other. That layer, unglamorous, invisible to most users, and increasingly mission-critical is what Nexthop AI is building. […]
Santa Clara, CA: ServiceNow announced Tuesday a strategic partnership with OpenAI to integrate advanced artificial intelligence capabilities into its enterprise workflow automation platform, marking the latest move by major software companies to embed frontier AI models into their products. According to CNBC Technology News, the deal will see ServiceNow incorporate OpenAI’s AI technology to boost […]
