{
  "source": "https://genztech.blog/funding-tracker/",
  "license": "Free to cite with attribution + link",
  "updated": "2026-09-11",
  "rounds": [
    {
      "company": "Pixxel",
      "amountM": 100,
      "amount": "$100M",
      "round": "Series C",
      "sector": "Space tech / hyperspectral Earth observation",
      "investors": "Temasek, Seraphim Space (co-lead); 360 ONE Asset, IMM Investment (new); Radical Ventures, growX ventures (existing)",
      "valuation": null,
      "date": "2026-09-07",
      "dateDisplay": "September 7, 2026",
      "what": "Bangalore-based Pixxel raised a $100 million Series C co-led by Temasek and Seraphim Space, India's largest-ever funding round for a space technology company and bringing Pixxel's total funding to $195 million. The company is expanding beyond its hyperspectral Earth-observation satellites into a broader planetary-infrastructure platform spanning sensing satellites, Earth intelligence software, sovereign space systems and satellite manufacturing, with the funds earmarked for its next-generation Honeybee constellation and its first shortwave-infrared satellite, targeted for launch in 2027.",
      "post": "/p/pixxel-100m-series-c-india-spacetech/"
    },
    {
      "company": "Gimlet Labs",
      "amountM": 300,
      "amount": "$300M",
      "round": "Series B",
      "sector": "AI infrastructure / multi-silicon inference orchestration",
      "investors": "Andreessen Horowitz (lead); Arm, M12 (Microsoft) (new); Sapphire Ventures, Menlo Ventures, Factory (existing)",
      "valuation": "$3B",
      "date": "2026-09-05",
      "dateDisplay": "September 5, 2026",
      "what": "San Francisco-based Gimlet Labs raised a $300 million Series B led by Andreessen Horowitz, valuing the AI infrastructure startup at $3 billion just six months after its $80 million Series A. Gimlet builds what it calls the industry's first multi-silicon inference cloud for agentic AI, software that disaggregates inference workloads and routes each phase to whichever chip fits best across Nvidia, AMD, Intel, Arm, Cerebras and d-Matrix hardware, rather than standardizing on one vendor. Since the Series A, the company says it has added billions in contracted revenue and built a gigawatt-scale data-center pipeline.",
      "post": "/p/gimlet-labs-300m-series-b-multi-silicon-inference/"
    },
    {
      "company": "Mistral AI",
      "amountM": 3500,
      "amount": "€3B (~$3.5B)",
      "round": "Series D",
      "sector": "Sovereign AI / open-weight foundation models",
      "investors": "Samsung Electronics (lead); Scaleup Europe Fund / EQT, PSG Equity (co-leads); Advent, BlackRock funds, Grand Duchy of Luxembourg (new); a16z, ASML, DST Global, General Catalyst, Index Ventures, Nvidia, Salesforce Ventures (existing)",
      "valuation": "€21B+",
      "date": "2026-09-08",
      "dateDisplay": "September 8, 2026",
      "what": "Paris-based Mistral AI raised a €3 billion Series D led by Samsung Electronics, valuing the company at more than €21 billion, which Mistral says is the largest all-equity round any European technology company has closed. The round nearly doubles Mistral's €11.7 billion valuation from its September 2025 Series C. The funding backs Mistral's own European data centers as part of a push toward 200 megawatts of compute capacity by the end of 2027, supporting its \"sovereign AI\" pitch of open-weight models, infrastructure and compute a customer can run without ceding control to a foreign hyperscaler.",
      "post": "/p/mistral-3b-series-d-samsung-21b-valuation/"
    },
    {
      "company": "Guardio",
      "amountM": 40,
      "amount": "$40M",
      "round": "Growth (unnamed round)",
      "sector": "Consumer cybersecurity / AI-scam defense",
      "investors": "Assaf Rappaport (Wiz co-founder/CEO); ION Crossover Partners, Union Tech Ventures, Vintage Investment Partners, Cerca Partners, Emerge Ventures",
      "valuation": "$1.1B",
      "date": "2026-09-03",
      "dateDisplay": "September 3, 2026",
      "what": "Tel Aviv-based Guardio raised $40 million at a $1.1 billion valuation, backed personally by Wiz co-founder and CEO Assaf Rappaport, who sold Wiz to Google for $32 billion in March 2026. Guardio brings AI-powered, enterprise-grade cybersecurity to consumers, protecting against scams, phishing, and identity theft across browsing, email, and texting. The round takes Guardio's total funding to $167 million; the company has surpassed 1 million paying customers and $150 million in annual recurring revenue after four straight years of triple-digit growth.",
      "post": "/p/guardio-40m-funding-1-1b-valuation-ai-scams/"
    },
    {
      "company": "Wonderful",
      "amountM": 550,
      "amount": "$550M",
      "round": "Series C",
      "sector": "Enterprise AI orchestration / AI operating system",
      "investors": "Insight Partners (lead); Salesforce",
      "valuation": "$5B",
      "date": "2026-09-02",
      "dateDisplay": "September 2, 2026",
      "what": "Amsterdam-based Wonderful raised a $550 million Series C led by Insight Partners, with Salesforce participating, at a $5 billion valuation, more than doubling its worth in under six months. Wonderful builds an open, model-agnostic 'AI operating system' that coordinates agents, workflows, and AI-native applications across an entire enterprise rather than department by department, and can run on any cloud or on-premise.",
      "post": "/p/wonderful-ai-os-550m-series-c-5b-valuation/"
    },
    {
      "company": "Crusoe",
      "amountM": 3000,
      "amount": "$3B+",
      "round": "Growth (unnamed round)",
      "sector": "AI infrastructure / cloud data centers",
      "investors": "Atreides Management and Valor Equity Partners (co-lead); Mubadala Capital",
      "valuation": "$30B",
      "date": "2026-09-03",
      "dateDisplay": "September 3, 2026",
      "what": "Crusoe, which began in 2018 as a crypto-mining operation powered by flared natural gas before pivoting entirely to hyperscale AI data centers, raised over $3 billion at a roughly $30 billion valuation, tripling its worth from the $10 billion mark it set just 10 months earlier in an October 2025 round. The raise follows a newly signed $13 billion, five-year contract to supply GPUs and AI infrastructure to quantitative trading firm Jane Street, and Crusoe has reportedly held early talks with Goldman Sachs and Morgan Stanley about a near-term IPO.",
      "post": "/p/crusoe-3b-raise-30b-valuation/"
    },
    {
      "company": "AIR Security",
      "amountM": 50,
      "amount": "$50M",
      "round": "Seed (two rounds, same day)",
      "sector": "AI agent security / enterprise cybersecurity",
      "investors": "Sequoia Capital ($10M, first close) and Greenoaks Capital ($40M, second close); Swish Ventures, Netz, and angels including Wiz co-founder Yinon Costica, Eon co-founder Ofir Ehrlich, Cognition president Zach Frankel, Clay co-founder Varun Anand, and Anne Neuberger",
      "valuation": null,
      "date": "2026-09-01",
      "dateDisplay": "September 1, 2026",
      "what": "AIR Security, a six-month-old Israeli startup founded in February 2026 by Yair Saban and Niv Hoffman, emerged from stealth with $50 million in seed funding split into two back-to-back rounds closed the same day: Sequoia Capital led an initial $10 million round, and Greenoaks Capital followed immediately with $40 million. The roughly 40-person company builds a real-time 'firewall for AI agents' that discovers which AI agents are running inside a company, continuously vets the skills and plugins those agents are granted access to, and blocks anomalous or dangerous actions before they execute.",
      "post": "/p/air-security-50m-seed-ai-agent-firewall/"
    },
    {
      "company": "Felix",
      "amountM": 200,
      "amount": "$200M",
      "round": "Series C",
      "sector": "Fintech / AI-driven remittances",
      "investors": "Andreessen Horowitz and General Catalyst (co-leads); QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners and Endeavor Catalyst (equity); General Catalyst's Customer Value Fund (debt facility)",
      "valuation": null,
      "date": "2026-09-01",
      "dateDisplay": "September 1, 2026",
      "what": "Felix (Felix Pago), the Miami-based, AI-powered WhatsApp remittance platform for Latino immigrants, raised $200 million in a Series C split into an $87 million equity round led by Andreessen Horowitz and a separate $113 million debt facility from General Catalyst's Customer Value Fund to fund the actual movement of remittance money. Founded in 2020 by Manuel Godoy and Bernardo Garcia, Felix has now raised nearly $300 million total; the company did not disclose an exact valuation, saying only that it had increased threefold since its Series B, which would put it at unicorn status. Felix delivers remittances as a conversational WhatsApp workflow rather than a separate banking app, using USDC stablecoin rails for cross-border settlement, and plans to use the new capital to expand into loans and savings and to enter new Latin American markets.",
      "post": "/p/felix-200-million-whatsapp-remittances-series-c/"
    },
    {
      "company": "Velaura AI",
      "amountM": 110,
      "amount": "$110M",
      "round": "Series A",
      "sector": "AI chip power efficiency / silicon IP",
      "investors": "Seligman Ventures (lead); new investors Capricorn Investment Group and Prosperity7 Ventures; existing investors Mayfield, Maverick Silicon, MARA, Premji Invest, Samsung Catalyst Fund, and StepStone Group",
      "valuation": "$1B+",
      "date": "2026-08-18",
      "dateDisplay": "August 18, 2026",
      "what": "Velaura AI, the chip startup formerly known as Auradine, closed a $110 million Series A that pushed its valuation past $1 billion. The round backs Titan Core, a silicon design and IP platform that targets up to 2x lower overall power draw for AI accelerators, up to roughly 500W of savings on a typical 1000W GPU or XPU. The underlying low-power techniques are already deployed in production across more than 30 million ASICs on leading process nodes. Co-founder and CEO Rajiv Khemani and co-founder and Chief Development Officer Manu Gulati lead a team of semiconductor veterans from Apple, Nvidia, Google, Qualcomm, and Marvell, and the company says it is already engaged with multiple hyperscalers, with an eye toward extending the architecture into robotics, drones, and other Physical AI platforms.",
      "post": "/p/velaura-ai-110m-series-a-titan-core-power/"
    },
    {
      "company": "XPeng Dogotix",
      "amountM": 900,
      "amount": "$900M+",
      "round": null,
      "sector": "Humanoid robotics / embodied AI",
      "investors": "IDG Capital (lead); Gaorong Ventures (co-investor); Tencent and Alibaba (strategic); XPeng itself ($200M) and top XPeng executives ($100M) also contributed",
      "valuation": "$6.3B+",
      "date": "2026-08-24",
      "dateDisplay": "August 24, 2026",
      "what": "Dogotix, XPeng's humanoid robotics subsidiary, closed its first external funding round at over $900 million, valuing the unit above $6.3 billion post-money. XPeng calls it the largest single private-equity round completed in China's embodied-intelligence sector to date. The round breaks into three sources: $600 million from outside investors led by IDG Capital with Gaorong Ventures co-investing and Tencent and Alibaba as strategic backers, $200 million from XPeng's own balance sheet, and $100 million from top XPeng executives personally, including founder and CEO He Xiaopeng. The capital funds mass production of IRON, XPeng's humanoid robot, targeted for the end of 2026, with initial deployment inside XPeng's own stores and campuses and commercial deliveries in China and overseas markets planned for 2027. IRON runs three of XPeng's own Turing chips for up to 2,250 TOPS of on-device compute, moves through 76 degrees of freedom in its body plus 21 in each hand, and uses a proprietary fully enclosed flexible lattice structure rather than a rigid exposed-joint frame. XPeng's US-listed stock (XPEV) fell roughly 6.8% following the announcement, a reminder that the market doesn't automatically reward a capital-intensive spinout even at a record valuation.",
      "post": "/p/xpeng-dogotix-900m-iron-humanoid-robot/"
    },
    {
      "company": "Starcloud",
      "amountM": 250,
      "amount": "$250M",
      "round": "Series A extension",
      "sector": "Orbital data centers / AI infrastructure",
      "investors": "Manhattan West (lead); new investors NVIDIA, Cisco Investments, Cedar Capital, Goanna Capital and Standard Capital; returning investors Benchmark, EQT, Soma, NFX and 776",
      "valuation": "$2.3B",
      "date": "2026-08-21",
      "dateDisplay": "August 21, 2026",
      "what": "Starcloud, founded in 2024 and based in Redmond, Washington, builds data centers that run in orbit rather than on the grid. The extension more than doubles the $1.1 billion valuation it set in March 2026 on a $170 million round, five months earlier, and brings total capital raised to $450 million. The pitch is the AI power bottleneck: in orbit the sun never sets, so compute runs on continuous solar without competing for terrestrial grid interconnects. The company has flown the idea rather than just pitched it. Starcloud-1 launched in November 2025 carrying the first data-center-grade GPU put in orbit, roughly 100x more GPU compute than had previously flown, and trained an AI model in space. The stated target is a constellation of 88,000 satellites and 20 gigawatts of orbital compute, with production lines for the next-generation Starcloud-3 spacecraft going up in a new 100,000 square foot facility in Woodinville, Washington. Nvidia joining as a new investor extends the supplier-as-investor pattern that runs through the largest rounds on this tracker. The binding constraint is not capital: it is launch capacity and the cost per kilogram to orbit, plus heat rejection in a vacuum where waste heat can only leave by radiating.",
      "post": "/p/starcloud-250m-orbital-data-centers-launch-bottleneck/"
    },
    {
      "company": "Thrive Holdings",
      "amountM": 2000,
      "amount": "$2B",
      "round": null,
      "sector": "AI roll-ups / professional services",
      "investors": "SoftBank, D1 Capital Partners, Altimeter Capital; OpenAI holds an equity stake taken in December 2025",
      "valuation": "$12B",
      "date": "2026-08-12",
      "dateDisplay": "August 12, 2026",
      "what": "Thrive Holdings is the permanent-capital vehicle Thrive Capital spun out in April 2025 with about $1 billion. It is not a software company: it buys accounting firms and IT service providers outright and rebuilds their workflows around AI agents, a model usually described as an AI roll-up. The new $2 billion values it at $12 billion roughly sixteen months after launch. The structural detail that separates it from General Catalyst and other roll-up vehicles is OpenAI, which took an ownership stake in December 2025, sends its own staff to work inside portfolio companies, and sees that stake grow with portfolio performance. The portfolio spans more than 70 acquired businesses under two platforms: Current in accounting (50-plus firms, 2,000-plus professionals) and Shield in IT services (about 20 companies), with a third vertical launching in regulatory services for physical assets and infrastructure. Disclosed results so far are a Codex-built tax-return agent that has processed over 7,000 returns at 98 percent accuracy while cutting prep time about 30 percent, and Shield AI products that sped help-desk resolution 36-fold.",
      "post": "/p/thrive-holdings-2b-openai-ai-rollup/"
    },
    {
      "company": "Lovable",
      "amountM": 400,
      "amount": "$400M",
      "round": "Series C",
      "sector": "AI app builders / vibe coding",
      "investors": "Menlo Ventures (lead) and the EQT-managed Scaleup Europe Fund (co-lead); new investors Balderton Capital, Carmignac, Kaszek Ventures, LTS Growth, Tencent, World Innovation Lab and Regent; returning investors Accel, Antler, CapitalG, DST Global, Evantic Capital, HubSpot Ventures and Salesforce Ventures",
      "valuation": "$13.3B",
      "date": "2026-08-12",
      "dateDisplay": "August 12, 2026",
      "what": "Lovable, founded in 2023 by Anton Osika and Fabian Hedin and launched in November 2024, turns plain-language prompts into working web apps. The Series C doubles the $6.6 billion valuation it carried after its $330 million Series B in December 2025, and follows a $200 million Series A at $1.8 billion in mid-2025. The notable detail is the price rather than the size: Lovable reported $500 million in annualized run rate as of June 2026, so the round was struck at roughly 26 times revenue, down from about 33 times at the December round, and closer to 22 times against the $600 million run rate the company expects by the end of August 2026. The valuation doubled while the revenue multiple compressed. The money funds the commercial layer around generated apps rather than the code generation itself: payments, SEO and AI-search visibility, enterprise integrations with Google Workspace, Microsoft 365, Salesforce, Stripe and ElevenLabs, security scanning, governance and AIUC-1 certification, with headcount going to roughly 450 across Stockholm, London, Boston, San Francisco and New York. It is one of the few application-layer companies to reach this valuation tier in a year when the largest rounds we have tracked went to compute, energy and defense manufacturing.",
      "post": "/p/lovable-400m-series-c-13-3b-valuation/"
    },
    {
      "company": "Hadrian",
      "amountM": 1370,
      "amount": "$1.37B",
      "round": "Series D",
      "sector": "Defense manufacturing / automated factories",
      "investors": "WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford (co-leads), with JPMorganChase Strategic Investment Group anchoring via its Security and Resiliency Initiative; participants include 1789 Capital, Morgan Stanley Wealth Management, Apollo funds, T. Rowe Price accounts, CapitalG, Andreessen Horowitz, Founders Fund, Lux Capital, Altimeter and Construct Capital",
      "valuation": "$7.87B post-money",
      "date": "2026-08-06",
      "dateDisplay": "August 6, 2026",
      "what": "Hadrian, founded by Chris Power, builds highly automated factories that produce precision machined parts for aerospace and defense customers, a model it markets as Factories-as-a-Service. The Series D funds new plants, expanded R&D, dedicated munitions and autonomous systems production lines, and workforce hiring and training. Its footprint at announcement was roughly 3 million square feet across four sites: two in Torrance, California, plus newer plants in Mesa, Arizona and Muscle Shoals, Alabama, both opened within the prior year. The round is notable less for its size than for its composition: a JPMorganChase strategic vehicle dedicated to security and resiliency anchoring alongside crossover investors that typically mark a path to public markets, in a week when every disclosed round above $500 million funded physical capacity rather than software.",
      "post": "/p/hadrian-1-37b-series-d-automated-defense-factories/"
    },
    {
      "company": "Recursive Superintelligence",
      "amountM": 650,
      "amount": "$650M",
      "round": null,
      "sector": "Frontier AI / self-improving systems",
      "investors": "GV (Alphabet), Nvidia, AMD",
      "valuation": null,
      "date": "2026-05-01",
      "dateDisplay": "May 2026",
      "what": "Recursive Superintelligence, founded by former Salesforce chief scientist Richard Socher, left stealth in May 2026 with $650 million raised. Backers include Alphabet venture arm GV alongside chip vendors Nvidia and AMD. The company is building AI systems that run their own research loop: proposing experiments, executing them, validating results and choosing what to try next without a human directing each step. On July 28, 2026 it committed $410 million of that capital to a multi-year AWS compute agreement, roughly 63 percent of everything it has raised, on the stated thesis that compute substitutes for the headcount a conventional lab would hire. No valuation or round designation was disclosed.",
      "post": "/p/recursive-410m-aws-compute-deal/"
    },
    {
      "company": "Atoms",
      "amountM": 1700,
      "amount": "$1.7B",
      "round": "Equity round",
      "sector": "Physical AI / industrial robotics",
      "investors": "Andreessen Horowitz (lead), Bain Capital, Uber, Fifth Wall, Chemistry, A*, K5 Global, Abstract, SV Angel, Alpha Square Group",
      "valuation": null,
      "date": "2026-07-22",
      "dateDisplay": "July 22, 2026",
      "what": "Travis Kalanick raised $1.7 billion for Atoms, a physical-AI company assembled by rolling his existing businesses into one entity: CloudKitchens, the ghost-kitchen operator, and Pronto, the heavy-industry autonomy firm he acquired from former Uber colleague Anthony Levandowski. Andreessen Horowitz led and Ben Horowitz joined the board. The company targets food, mining and transportation, with a stated near-term goal of a shared wheelbase for robots that different machines can be built on. No valuation was disclosed, which is unusual at this size and likely reflects the roll-in structure rather than reticence: existing CloudKitchens and Pronto shareholders are being exchanged into Atoms, so a single post-money figure would not describe the same thing it does in a conventional round. It is the largest private round of 2026 in the physical-AI category and the clearest sign yet of AI capital rotating out of the model layer.",
      "post": "/p/atoms-kalanick-1-7b-a16z-physical-ai/"
    },
    {
      "company": "DeepSeek",
      "amountM": 7000,
      "amount": "$7B",
      "round": "First external round",
      "sector": "Frontier AI models",
      "investors": "Tencent, CATL, National AI Industry Investment Fund, NetEase, JD.com",
      "valuation": null,
      "date": "2026-06-30",
      "dateDisplay": "June 2026",
      "what": "DeepSeek completed its first ever external funding round in June 2026 at roughly $7 billion, the largest raise by a Chinese AI startup to date. Reuters and SCMP reported the round at about 50 billion yuan, with founder Liang Wenfeng committing 20 billion yuan of his own money, Tencent weighing 10 billion yuan and battery maker CATL around 5 billion yuan, alongside China's state-backed National Artificial Intelligence Industry Investment Fund, NetEase and JD.com. Pre-close reporting put the post-money valuation between 350 billion and 400 billion yuan, but no final figure was confirmed, so it is left blank here. The round matters beyond its size: a follow-on raise of at least 10 billion yuan at a roughly 480 billion yuan pre-money valuation was paused in July 2026 after a transcript from this round's investor meetings leaked, in which Liang is quoted saying compute access is the entire gap between Chinese and US labs.",
      "post": "/p/deepseek-pauses-1-5b-raise-leaked-compute-remarks/"
    },
    {
      "company": "DeepSeek",
      "amountM": 7400,
      "amount": "$7.4B",
      "round": "Pre-IPO round",
      "sector": "Frontier AI models",
      "investors": "Tencent, JD.com, CATL (reported 5-year lock-up, zero voting rights); China's National AI fund (voting rights, no lock-up)",
      "valuation": "~$74B (pre-money, targeted)",
      "date": "2026-08-29",
      "dateDisplay": "late August 2026",
      "what": "DeepSeek is closing a second external round, roughly 50 billion yuan ($7.4B), at a pre-money valuation near 500 billion yuan (~$74B), up from the ~$52B level implied by its June 2026 round. China Money Network, SCMP, VKTR and MLQ News report the round is explicit pre-IPO financing ahead of a domestic listing on Shanghai's STAR Market, targeted as early as Q2 2027. Tencent, JD.com and CATL reportedly accepted a 5-year lock-up with zero voting rights, while China's National AI fund secured voting rights with no lock-up.",
      "post": "/p/deepseek-74-billion-valuation-pre-ipo-round/"
    },
    {
      "company": "Etched",
      "amountM": 300,
      "amount": "$300M",
      "round": "Series C",
      "sector": "AI inference chips",
      "investors": "Sequoia Capital (lead), SK Hynix",
      "valuation": "$10.3B",
      "date": "2026-07-23",
      "dateDisplay": "July 23, 2026",
      "what": "Etched, founded in 2022 by three Harvard dropouts, raised a $300M Series C led by Sequoia Capital at a $10.3B valuation, roughly doubling its worth in about seven months. Memory maker SK Hynix is among the backers. Etched builds Sohu, an ASIC hard-wired for the transformer architecture behind GPT, Claude and Llama, trading a GPU's flexibility for higher inference throughput per watt on that single architecture. The bet is that inference is becoming the bulk of AI compute spend and that buyers will pay for specialized silicon to undercut Nvidia. The obvious risk is architecture lock-in: an ASIC cannot be reprogrammed if the field moves past the transformer.",
      "post": "/p/etched-300m-series-c-10-3b-valuation-sohu/"
    },
    {
      "company": "Anthropic",
      "amountM": 5000,
      "amount": "Up to $5B",
      "round": "Strategic equity investment",
      "sector": "Frontier AI models",
      "investors": "AMD",
      "valuation": null,
      "date": "2026-07-22",
      "dateDisplay": "July 22, 2026",
      "what": "AMD committed to a strategic equity investment of up to $5 billion in Anthropic alongside a supply agreement under which Anthropic will deploy up to 2 gigawatts of AMD Instinct MI450 Series GPUs, with the first gigawatt scheduled for the first half of 2027 in AMD Helios rack-scale systems. The capital direction is the notable part: in October 2025 AMD granted OpenAI a warrant for up to 160 million AMD shares in exchange for a 6-gigawatt commitment, effectively paying a customer for anchor demand. Here AMD is buying equity in the customer instead. The ceiling is a maximum rather than a closed round, and neither company disclosed a valuation, tranche schedule or how the investment is staged against the deployment milestones.",
      "post": "/p/amd-anthropic-5b-investment-2gw-mi450/"
    },
    {
      "company": "General Compute",
      "amountM": 400,
      "amount": "$400M",
      "round": "Debt facility (chip-secured)",
      "sector": "AI inference cloud",
      "investors": "Upper90 (sole lender)",
      "valuation": null,
      "date": "2026-07-17",
      "dateDisplay": "July 17, 2026",
      "what": "General Compute, an AI inference cloud founded in 2025, borrowed $400M from Upper90 in what appears to be the first financing to pledge inference-specific chips as collateral rather than Nvidia training GPUs. The security is the company's fleet of SambaNova SN50 accelerators, which are inference-only, air-cooled and more power-efficient than comparable GPU systems, properties that make the hardware easier to redeploy and therefore easier to underwrite. This is debt rather than an equity round, and the scale is the story: the company raised just a $15M seed in May 2026, so the lender is underwriting the hardware rather than the balance sheet. Upper90 pioneered chip-backed lending in 2021 with a loan to Crusoe, a structure later adopted at scale by CoreWeave, but every prior deal used training GPUs.",
      "post": "/p/general-compute-400m-inference-chip-backed-loan/"
    },
    {
      "company": "Fireworks AI",
      "amountM": 1505,
      "amount": "$1.505B",
      "round": "Series D",
      "sector": "AI inference & fine-tuning platform",
      "investors": "Atreides Management, Index Ventures, TCV (co-leads); NVIDIA, Lightspeed, Bessemer, Insight Partners, Ontario Teachers' Pension Plan",
      "valuation": "$17.5B",
      "date": "2026-07-16",
      "dateDisplay": "July 16, 2026",
      "what": "Fireworks AI, the inference and fine-tuning platform founded by former Meta PyTorch engineers in 2022, raised a $1.505B Series D at a $17.5B valuation, one of the largest venture rounds of 2026 and a 4.4x step up from the $4B valuation on its $250M round in October 2025. The company says annualized revenue crossed $1B (up ~5x year over year) and that it now serves more than 40 trillion tokens a day, up from 15 trillion, with 95% of those tokens coming from specialized rather than off-the-shelf models. Its thesis is that enterprises will increasingly build their own domain-specific models instead of renting frontier APIs, and that serving them at a fifth to a tenth of closed-lab cost is where the value pools. Customers include Uber, Shopify, GitLab, MongoDB, Harvey and Cursor. NVIDIA both supplies its chips and joined the round.",
      "post": "/p/fireworks-ai-1-5b-series-d-17-5b-valuation/"
    },
    {
      "company": "Alpaca",
      "amountM": 135,
      "amount": "$135M",
      "round": null,
      "sector": "Brokerage infrastructure / tokenized equities",
      "investors": "Peak XV (lead); Elefund, Opera Tech Ventures (BNP Paribas), Unbound",
      "valuation": null,
      "date": "2026-07-16",
      "dateDisplay": "July 16, 2026",
      "what": "Alpaca raised $135M in equity led by Peak XV, with major participation from Elefund and returning investors Opera Tech Ventures (BNP Paribas Group's VC arm) and Unbound, alongside roughly $300M in debt financing primarily from Payward (Kraken's parent) and BMO, for a $435M total package. No new valuation was disclosed; January's $150M Series D led by Drive Capital had valued the company at $1.15B. The money funds what Alpaca calls agent-first brokerage and API-first prime brokerage infrastructure, letting institutions reach traditional equities and onchain markets through one integration with AI agents as first-class callers. Alpaca reports monthly active API users up nearly 4x in six months, revenue doubling year over year for three consecutive years, and more than $1.5B in assets under custody for the underlying stocks backing tokenized equities.",
      "post": "/p/alpaca-135m-agent-first-brokerage-rails/"
    },
    {
      "company": "Helsing",
      "amountM": 1800,
      "amount": "$1.8B",
      "round": "Series E",
      "sector": "Defense AI / autonomous drones",
      "investors": null,
      "valuation": "$18B",
      "date": "2026-07-16",
      "dateDisplay": "July 14, 2026",
      "what": "Helsing, the German defense-technology company, raised a $1.8B Series E at an $18B valuation to scale its AI-driven battlefield software and autonomous drones, one of the largest European defense-tech financings on record. The raise landed the same day Quantum Systems closed a $1.2B Series D, underscoring how much venture capital is now flowing into militarized AI as European governments rearm and prioritize sovereign capability.",
      "post": "/p/helsing-1-8b-series-e-18b-defense-ai/"
    },
    {
      "company": "Senra",
      "amountM": 65,
      "amount": "$65M",
      "round": "Series B",
      "sector": "Defense manufacturing / wire harnesses",
      "investors": "Lowercarbon, Interlagos (co-leads); General Catalyst, Sequoia, a16z, Founders Fund",
      "valuation": null,
      "date": "2026-07-15",
      "dateDisplay": "July 15, 2026",
      "what": "Senra, a wire-harness startup founded in 2023 by former SpaceX engineer Jordan Black, raised a $65M Series B to modernize the production of wire harnesses, the bundles of wires and connectors inside nearly every rocket, submarine, drone and defense vehicle. The craft is still done largely by hand on pegboards; Senra wraps it in software (its Amp platform builds a digital twin that guides technicians) plus in-house automation, and says it runs the only federally certified wire-harness training program. It makes about 1,000 harnesses a month across two factories and targets 10,000 a month in 2027. The round, a little over a year after a $25M first raise, is a bet on American reindustrialization and defense-industrial supply resilience.",
      "post": "/p/senra-65m-series-b-wire-harness/"
    },
    {
      "company": "Tripo AI",
      "amountM": 147,
      "amount": "~$147M",
      "round": "Series A extension",
      "sector": "Generative 3D & world models",
      "investors": "4399.com (among backers)",
      "valuation": null,
      "date": "2026-07-15",
      "dateDisplay": "early July 2026",
      "what": "Tripo AI, which builds generative 3D technology that turns text prompts and images into usable 3D assets and is pushing toward world models, raised about $147M in a Series A extension backed by gaming company 4399.com and others. The round is one of the larger checks into 3D-focused generative AI and reflects a clear rotation of capital past text and image models toward the harder, less saturated modalities that unlock spatial industries, games, robotics simulation, and AR/VR. A gaming backer is the tell: games are the market that will pay for generative 3D first and stress-test it hardest, and the gap between a striking render and a production-ready, riggable asset is exactly where these products succeed or fail.",
      "post": "/p/tripo-ai-147m-series-a-3d-world-models/"
    },
    {
      "company": "Upscale AI",
      "amountM": 190,
      "amount": "$190M",
      "round": "Series A extension",
      "sector": "AI data-center networking infrastructure",
      "investors": "Premji Invest (lead)",
      "valuation": "$2B",
      "date": "2026-07-14",
      "dateDisplay": "July 2026",
      "what": "Upscale AI, a Santa Clara startup building the switching and interconnect fabric that stitches thousands of GPUs into a single training cluster, raised a $190M Series A extension led by Premji Invest, bringing total financing to about $500M at a $2B valuation. The size of an 'extension' Series A is the tell: sophisticated capital thinks the AI bottleneck has moved from chips to the network feeding them, since an idle GPU waiting on the wire is wasted capital at data-center scale. Upscale AI sells into the same hyperscalers and neoclouds buying the accelerators, but into a brutal neighborhood wedged between Nvidia's networking bundle and Broadcom's merchant silicon. The valuation is a promise; reference deployments and utilization benchmarks are what will pay for it.",
      "post": "/p/upscale-ai-190m-series-a-2b-valuation/"
    },
    {
      "company": "8090 Solutions",
      "amountM": 135,
      "amount": "$135M",
      "round": null,
      "sector": "Agentic enterprise software (AI-built apps)",
      "investors": "Salesforce (lead)",
      "valuation": null,
      "date": "2026-07-14",
      "dateDisplay": "July 2026",
      "what": "8090 Solutions, the Chamath Palihapitiya-led startup that builds custom enterprise software using coordinated teams of AI agents under human-led oversight, raised $135M in a round led by Salesforce. The strategic lead is the signal: the company that defined enterprise SaaS is validating agent-built software as a real market, and gives 8090 credibility and potential distribution into the largest CRM ecosystem. The model, agents for throughput and a human for judgment and sign-off, is the pragmatic middle path enterprises can actually buy. The thesis lives or dies on delivery metrics: cost per app, time to ship, and whether the output survives production.",
      "post": "/p/8090-solutions-135m-salesforce-agent-software/"
    },
    {
      "company": "Poetic",
      "amountM": 50,
      "amount": "$50M",
      "round": "Series A",
      "sector": "AI infrastructure (adaptive software runtime)",
      "investors": null,
      "valuation": "$500M",
      "date": "2026-07-13",
      "dateDisplay": "July 2026",
      "what": "Poetic raised a $50M Series A at a reported $500M valuation to build a new class of software it describes as learning like AI but running like code, aimed at the gap between rigid traditional programs and slow, non-deterministic large models. The rich early-stage multiple reflects the 2026 pattern of capital concentrating on the infrastructure and runtime layer that makes AI cheap and reliable to ship, rather than on another foundation model. The bet is that model-like adaptability at code-like cost is a fundable category, provided the traction is real.",
      "post": "/p/poetic-50m-series-a-neural-software/"
    },
    {
      "company": "LinqAlpha",
      "amountM": 22,
      "amount": "$22M",
      "round": "Series A",
      "sector": "Agentic AI (market intelligence)",
      "investors": null,
      "valuation": null,
      "date": "2026-07-13",
      "dateDisplay": "July 2026",
      "what": "LinqAlpha raised $22M in a Series A to build agentic AI for market intelligence, gathering and synthesizing the filings, transcripts, news, and market data an investment analyst works across. The round fits the dominant July 2026 pattern of capital flowing to agentic AI in regulated, high-stakes financial workflows, where reliability and traceability matter more than raw model scale. The bet is that the durable value in AI is applied, trustworthy agents wired into a specific workflow rather than another foundation model.",
      "post": "/p/linqalpha-22m-series-a-agentic-market-intelligence/"
    },
    {
      "company": "Zeroth",
      "amountM": 73.6,
      "amount": "$73.6M",
      "round": "Series A",
      "sector": "Humanoid robotics (physical AI)",
      "investors": "Ant Group (lead)",
      "valuation": null,
      "date": "2026-07-12",
      "dateDisplay": "July 2026",
      "what": "Humanoid robotics startup Zeroth raised roughly $73.6M in a Series A led by Ant Group, one of the larger early rounds in a 2026 market pouring capital into physical AI. Ant Group anchoring the round puts a major Chinese fintech and AI player behind the bet that general-purpose humanoids, pairing foundation-model brains with actuators and sensors, are the next platform after chatbots. The check size reflects how capital-intensive the humanoid race is: mechanical engineering, power systems, and real-world AI must all work at once before revenue arrives.",
      "post": "/p/zeroth-73m-series-a-humanoid-robotics-ant-group/"
    },
    {
      "company": "Prometheus",
      "amountM": 12000,
      "amount": "$12B",
      "round": "Series B",
      "sector": "Applied AI (engineering & manufacturing)",
      "investors": "JPMorgan Chase & BlackRock (co-lead)",
      "valuation": "$41B",
      "date": "2026-07-12",
      "dateDisplay": "July 2026",
      "what": "The AI venture co-founded by Jeff Bezos closed a $12B Series B co-led by JPMorgan Chase and BlackRock, the single largest round and highest valuation in 2026's unicorn cohort, taking total funding to $18.2B. Reports tie Prometheus to AI for engineering and manufacturing, the physical industries where models have lagged software. Balance-sheet institutions leading a round this size signals that applied, industrial AI has moved from thesis to allocation.",
      "post": "/p/prometheus-bezos-12b-series-b-41b-valuation/"
    },
    {
      "company": "SambaNova Systems",
      "amountM": 1000,
      "amount": "$1B",
      "round": "Series F",
      "sector": "AI chips (inference)",
      "investors": "General Atlantic (lead)",
      "valuation": "$11B",
      "date": "2026-07-11",
      "dateDisplay": "July 2026",
      "what": "Palo Alto AI-chip maker closed the first tranche of a $1B Series F led by General Atlantic at an $11B valuation, just five months after its last mega-round. The raise funds SambaNova's push to be a credible second source for AI inference against Nvidia, betting that efficient, high-throughput model serving plus a full software stack can pry loose a slice of hyperscaler compute spend.",
      "post": "/p/sambanova-1b-series-f-11b-ai-chip-valuation/"
    },
    {
      "company": "Venice",
      "amountM": 65,
      "amount": "$65M",
      "round": "Series A",
      "sector": "Private AI",
      "investors": "Dragonfly (lead)",
      "valuation": "$1B",
      "date": "2026-07-11",
      "dateDisplay": "July 2026",
      "what": "Two-year-old Sheridan, Wyoming startup offering private, surveillance-free access to a wide range of AI models. The Series A sets a $1B valuation on the thesis that privacy is a durable wedge against model providers whose economics depend on retaining and profiling user data.",
      "post": "/p/venice-65m-series-a-private-ai/"
    },
    {
      "company": "Shield AI",
      "amountM": 1500,
      "amount": "$1.5B",
      "round": "Series G",
      "sector": "Defense autonomy",
      "investors": null,
      "valuation": "$12.7B",
      "date": "2026-07-11",
      "dateDisplay": "July 2026",
      "what": "Maker of the Hivemind autonomy software that flies aircraft and drones in GPS- and comms-denied environments; the round is part of a broader $2.25B package and marks a roughly 140% valuation jump in a year as defense tech becomes a durable venture category.",
      "post": "/p/shield-ai-1-5b-series-g-defense-autonomy/"
    },
    {
      "company": "Ollama",
      "amountM": 65,
      "amount": "$65M",
      "round": "Series B",
      "sector": "AI infrastructure / local model runner",
      "investors": "Theory Ventures (lead)",
      "valuation": null,
      "date": "2026-07-09",
      "dateDisplay": "July 2026",
      "what": "Open-source tool that runs open-weight LLMs locally with a single command; the round backs private, on-device inference as open models close the gap with cloud APIs.",
      "post": "/p/ollama-65m-series-b-local-ai/"
    },
    {
      "company": "Norm AI",
      "amountM": 120,
      "amount": "$120M",
      "round": "Series C",
      "sector": "Legal AI / agentic compliance",
      "investors": "Khosla Ventures (lead), Blackstone, Bain Capital Ventures, Craft Ventures, Coatue",
      "valuation": "$1.2B",
      "date": "2026-07-07",
      "dateDisplay": "July 2026",
      "what": "Embeds law into AI agents and, via affiliated AI-native firm Norm Law, sells legal outcomes on outcome-based pricing; agents increasingly supervise other companies' AI in regulated environments. Crosses into unicorn territory",
      "post": "/p/norm-ai-120m-series-c-legal-ai-unicorn/"
    },
    {
      "company": "Prime Intellect",
      "amountM": 130,
      "amount": "$130M",
      "round": "Series A",
      "sector": "AI infrastructure / decentralized training",
      "investors": "Radical Ventures",
      "valuation": null,
      "date": "2026-07-09",
      "dateDisplay": "July 2026",
      "what": "Decentralized training that coordinates GPUs across many locations to train large models without a single co-located supercluster, an open-compute counter to the closed frontier clusters",
      "post": "/p/prime-intellect-130m-decentralized-training/"
    },
    {
      "company": "Bespoke Labs",
      "amountM": 40,
      "amount": "$40M",
      "round": "Series A",
      "sector": "AI agent infrastructure / evaluation",
      "investors": "Wing VC, Mayfield, The House Fund",
      "valuation": null,
      "date": "2026-07-09",
      "dateDisplay": "July 2026",
      "what": "Builds simulated environments where AI agents are tested and evaluated before production; a reliability layer for agents rather than another foundation model",
      "post": "/p/bespoke-labs-40m-agent-environments/"
    },
    {
      "company": "Proxima Fusion",
      "amountM": 468,
      "amount": "€411M",
      "round": "Series A",
      "sector": "Deep tech / fusion energy",
      "investors": "XTX Ventures, Google, RWE",
      "valuation": null,
      "date": "2026-07-08",
      "dateDisplay": "July 2026",
      "what": "Munich stellarator-fusion startup; one of Europe's largest Series A rounds, taking total funding past €650M including grants toward a demonstration reactor",
      "post": "/p/proxima-fusion-411m-series-a/"
    },
    {
      "company": "Mercury",
      "amountM": 200,
      "amount": "$200M",
      "round": "Series D",
      "sector": "Fintech / startup banking",
      "investors": null,
      "valuation": "$5.2B",
      "date": "2026-07-08",
      "dateDisplay": "July 2026",
      "what": "Banking platform for startups and small businesses; sits on partner banks and sells the software layer, cards, payments, credit and finance tooling",
      "post": "/p/mercury-200m-series-d-banking/"
    },
    {
      "company": "RunPod",
      "amountM": 100,
      "amount": "$100M",
      "round": "Series A",
      "sector": "AI infrastructure / GPU cloud",
      "investors": "Summit Partners",
      "valuation": null,
      "date": "2026-06-25",
      "dateDisplay": "late June 2026",
      "what": "On-demand, per-second GPU cloud for AI training and inference, aimed at developers priced out of hyperscaler capacity",
      "post": "/p/runpod-100m-series-a-gpu-cloud/"
    },
    {
      "company": "Taktile",
      "amountM": 110,
      "amount": "$110M",
      "round": "Series C",
      "sector": "Fintech / risk decisioning",
      "investors": "Growth Equity at Goldman Sachs Alternatives",
      "valuation": null,
      "date": "2026-07-07",
      "dateDisplay": "early July 2026",
      "what": "Decision platform automating credit, risk and fraud calls for banks and fintechs",
      "post": "/p/taktile-110m-series-c-agentic-fintech/"
    },
    {
      "company": "Joulent",
      "amountM": 1750,
      "amount": "$1.75B",
      "round": "Strategic minority (35% stake)",
      "sector": "AI power & data centers",
      "investors": "National Grid Ventures; Engine No. 1-backed",
      "valuation": "$5B post-money",
      "date": "2026-07-01",
      "dateDisplay": null,
      "what": "Energy infrastructure for AI data centers",
      "post": "/p/joulent-1-75-billion-national-grid-ai-power/"
    },
    {
      "company": "Netris",
      "amountM": 15,
      "amount": "$15M",
      "round": "Series A",
      "sector": "AI infrastructure / networking automation",
      "investors": "Andreessen Horowitz (lead, Guido Appenzeller)",
      "valuation": null,
      "date": "2026-06-25",
      "dateDisplay": "June 25, 2026",
      "what": "Netris, a Santa Clara networking company founded in 2018, raised a $15M Series A led by a16z to scale its NAAM platform (Network Automation, Abstraction, Multi-Tenancy), which gives AI cloud operators a single control plane and hardware-enforced multi-tenancy across Ethernet, InfiniBand, NVL72 scale-up and edge fabrics. It posted 800% ARR growth in 12 months across 35+ AI clusters (roughly 1M GPUs), holds an estimated 12% of neoclouds by cluster count, counts Lightning AI, Foxconn, TensorWave, Telus and HPE as customers, and is the first ISV validated by NVIDIA for AI network automation. Funds go to engineering, commercial hiring and a Singapore office.",
      "post": "/p/netris-15m-series-a-a16z-ai-neocloud-networking/"
    },
    {
      "company": "Baseten",
      "amountM": 1500,
      "amount": "$1.5B",
      "round": "Series F",
      "sector": "AI inference",
      "investors": "Led by Altimeter, Conviction, Spark Capital; IVP, Greylock, Battery participating",
      "valuation": "up to $13B",
      "date": "2026-06-22",
      "dateDisplay": null,
      "what": "Serving AI models fast and cheaply as a platform",
      "post": "/p/baseten-1-5-billion-series-f-ai-inference/"
    },
    {
      "company": "Quantum Systems",
      "amountM": 1200,
      "amount": "$1.2B",
      "round": "Series D",
      "sector": "Defense tech",
      "investors": "Co-led by Blackstone, Airbus, Advent",
      "valuation": "$8B",
      "date": "2026-07-02",
      "dateDisplay": null,
      "what": "Autonomous reconnaissance drones (Munich)",
      "post": "/p/quantum-systems-1-2b-defense-drone-round/"
    },
    {
      "company": "Kalshi",
      "amountM": 1000,
      "amount": "$1B",
      "round": "Series F",
      "sector": "Prediction markets",
      "investors": "Led by Coatue",
      "valuation": "$22B",
      "date": "2026-07-03",
      "dateDisplay": null,
      "what": "Regulated prediction-market exchange",
      "post": "/p/kalshi-raises-1-billion-22-billion-valuation/"
    },
    {
      "company": "Together AI",
      "amountM": 800,
      "amount": "$800M",
      "round": "Series C",
      "sector": "Open-model AI cloud",
      "investors": "Led by Aramco Ventures",
      "valuation": "$8.3B post-money",
      "date": "2026-07-01",
      "dateDisplay": null,
      "what": "Training + serving infrastructure for open-source models",
      "post": "/p/together-ai-800m-series-c-open-models/"
    },
    {
      "company": "Ramp",
      "amountM": 750,
      "amount": "$750M",
      "round": "Series F",
      "sector": "Fintech",
      "investors": "Led by Iconiq, GIC, Ontario Teachers'",
      "valuation": "$44B",
      "date": "2026-06-04",
      "dateDisplay": null,
      "what": "Spend management with real revenue and operating leverage",
      "post": "/p/ramp-750-million-44-billion-valuation/"
    },
    {
      "company": "Supabase",
      "amountM": 500,
      "amount": "$500M",
      "round": "Series F",
      "sector": "Developer tools",
      "investors": "Led by GIC; Accel, Coatue, Felicis, Stripe, Salesforce Ventures participating",
      "valuation": "$10.5B post-money",
      "date": "2026-06-04",
      "dateDisplay": null,
      "what": "Open-source backend powering the AI app boom",
      "post": "/p/supabase-500-million-valuation/"
    },
    {
      "company": "Impulse Space",
      "amountM": 500,
      "amount": "$500M",
      "round": "Series D",
      "sector": "Space",
      "investors": "Led by 137 Ventures and Banner VC",
      "valuation": null,
      "date": "2026-06-05",
      "dateDisplay": "early June 2026",
      "what": "In-space propulsion and orbital transfer vehicles",
      "post": "/p/impulse-space-500m-series-d/"
    },
    {
      "company": "Helion",
      "amountM": 465,
      "amount": "$465M",
      "round": "Series G",
      "sector": "Fusion energy",
      "investors": "Led by Thrive Capital",
      "valuation": "$15.5B post-money",
      "date": "2026-06-30",
      "dateDisplay": null,
      "what": "Chasing the first commercial fusion power plant",
      "post": "/p/helion-465-million-fusion-series-g/"
    },
    {
      "company": "General Intuition",
      "amountM": 320,
      "amount": "$320M",
      "round": "Series A",
      "sector": "AI world models",
      "investors": "Led by Khosla Ventures; Jeff Bezos among backers",
      "valuation": "$2.3B",
      "date": "2026-07-01",
      "dateDisplay": null,
      "what": "World models trained on action-labeled gameplay video",
      "post": "/p/general-intuition-320m-series-a-game-agents/"
    },
    {
      "company": "Twelve Labs",
      "amountM": 100,
      "amount": "$100M",
      "round": "Series B",
      "sector": "Video AI",
      "investors": "Co-led by NEA, NAVER Ventures; Amazon participating",
      "valuation": "$1B+",
      "date": "2026-07-04",
      "dateDisplay": null,
      "what": "AI trained natively on video — search, summarize, reason over footage",
      "post": "/p/twelvelabs-100m-series-b-video-ai-understanding/"
    },
    {
      "company": "Oxmiq Labs",
      "amountM": 35,
      "amount": "$35M",
      "round": "Series A",
      "sector": "AI chips",
      "investors": "Co-led by Fundomo, Samsung Catalyst Fund; MediaTek, Intel Capital participating",
      "valuation": null,
      "date": "2026-07-02",
      "dateDisplay": null,
      "what": "Licensable architecture fusing GPU, CPU and TPU (Raja Koduri)",
      "post": "/p/oxmiq-35m-licensable-gpu-cpu-tpu-architecture/"
    },
    {
      "company": "Neko Health",
      "amountM": 700,
      "amount": "$700M",
      "round": "Series C",
      "sector": "Preventive health",
      "investors": "Led by Lightspeed Venture Partners, co-led by O.G. Venture Partners; Atomico, General Catalyst, Lakestar returning; Liberty City Ventures, Positive Sum, BDT & MSD new",
      "valuation": "~$7B",
      "date": "2026-07-15",
      "dateDisplay": null,
      "what": "Own-built full-body scanning hardware and clinics (Daniel Ek); funds US launch",
      "post": "/p/neko-health-700m-series-c-lightspeed/"
    },
    {
      "company": "Safe Superintelligence",
      "amountM": 5000,
      "amount": "~$5B",
      "round": null,
      "sector": "Frontier AI research",
      "investors": "Nvidia",
      "valuation": null,
      "date": "2026-07-27",
      "dateDisplay": null,
      "what": "Nvidia committed a reported ~$5 billion to Ilya Sutskever's Safe Superintelligence on July 27, 2026, as an investment paired with a long-term compute partnership on Nvidia's Vera Rubin platform, which the companies say will scale SSI's available compute by an order of magnitude. Bloomberg reported the $5 billion figure; neither Nvidia nor SSI confirmed an amount publicly, and no valuation was disclosed for this round. SSI had previously raised $1B at founding in 2024 at a $5B valuation and $2B in February 2025 at $32B, with Alphabet, Andreessen Horowitz, Lightspeed, GV, Sequoia and Nvidia among its backers. Two years after founding it has shipped no product and reports no revenue; Nvidia said it was granted rare access to SSI's closely held research before committing. Because SSI will spend a large share of the capital on Nvidia systems, a portion returns to Nvidia as hardware revenue while Nvidia retains the equity stake.",
      "post": "/p/nvidia-5b-safe-superintelligence-vera-rubin/"
    }
  ]
}