Databricks Hits $188B While Defaulting to Chinese AI for Code
Databricks signed a term sheet for a $188 billion valuation days after quietly making a Chinese open-weight model its default coding engine over Anthropic.
Articles Tagged "Funding"
General Compute's $400M Loan Bypasses Nvidia GPUs
General Compute borrowed $400 million from Upper90 against a fleet of SambaNova SN50 inference chips, the first major AI infrastructure loan not collateralized by Nvidia hardware.
Elorian's $300M Joins AI's No-Product Funding Club
Ex-Google DeepMind researcher Andrew Dai raised $55M at a $300M valuation for Elorian, a visual AI lab with no product yet, joining a growing list of frontier labs priced on pedigree alone.
Anthropic, Blackstone Launch $1.5B AI Services Firm
Anthropic, Blackstone, and Hellman & Friedman have launched Ode, a $1.5 billion AI implementation firm betting that deploying models beats building them.
Emergent's AI Coding Bet Jumps From $300M to $1.5B
Bengaluru's Emergent raised $130M at a $1.5 billion valuation, five times January's price, betting AI coding agents sell better to small businesses than to developers.
Reflection AI Buys $1B More Nvidia Compute From Nebius
Nebius will sell Reflection AI over $1 billion in Nvidia GB300 compute through 2029, the open-source AI lab's second billion-dollar infrastructure deal in three weeks.
Nous Research Talks Put Open-Source Hermes at $1.5B
Nous Research is finalizing a round led by Robot Ventures and USV that would value the open-source Hermes agent maker at $1.5 billion, built on a training network that skips traditional data centers entirely.
Nvidia Backs Voice AI's Two Biggest Rivals at Once
Nvidia has joined Gradium's seed round while holding a stake in rival ElevenLabs, tying its GPUs to both leaders in the race to own voice AI.
Lyzr Raises $100M - Its Own AI Agent Did the Work
Lyzr closed a $100M Series B at a $500M valuation using its own AI agent SivaClaw to handle investor inquiries from 130+ funds - no founders needed on the road.
Ollama Banks $65M as Local AI Hits Enterprise Scale
Ollama raises $65M Series B led by Theory Ventures as 8.9 million monthly developers and 85% of Fortune 500 companies adopt local AI model deployment.
Lovable Eyes $13.2B Valuation, Up 7x in One Year
Swedish vibe-coding startup Lovable is in talks to raise $300M at a $13.2B valuation - a sevenfold jump from its $1.8B Series A just twelve months ago.
Prime Intellect Raises $130M to Break AI Vendor Lock-In
Prime Intellect closed a $130M Series A at a $1B valuation, giving enterprises compute, RL training, and evaluation tools to build their own AI agents without relying on frontier labs.
