funding
Stories tagged funding.
Cornelis Raises $205M to Challenge Nvidia With Open AI Networking Fabric
AI networking developer Cornelis has raised $205 million in a round led by IAG Capital Partners and unveiled Active Compute Fabric, technology aimed at cutting GPU idle time.
Mecka AI Nears $500M Valuation in Sequoia-Led Round
Mecka AI, a two-year-old startup that gathers and analyzes human motion data for robot training, is close to a new financing led by Sequoia Capital at a valuation of about $500 million. The deal would arrive roughly three months after the company announced a $60 million round led by Framework Ventures.
AI compute provider Nscale seeks $3.5B in pre-IPO financing
British AI infrastructure company Nscale is in talks to raise $3.5 billion ahead of a possible IPO later this month, following its $45 billion deal with Anthropic.
Rillet hits $1B valuation after $100M round raised in 48 hours
AI-native accounting startup Rillet has raised $100 million at a $1 billion valuation, a deal that came together in two days after a board meeting highlighted surging growth.
Discovered Materials raises $9M to speed up microchip material discovery with AI
The startup has closed a $9 million seed round to deploy AI agents on a high-volume hunt for new materials that could make integrated circuits more efficient and cooler-running.
AI Startup June Launches With $20M to Simplify Enterprise AI Adoption
June, founded by former Salesforce executives, emerged from stealth with $20 million in pre-seed funding to help large companies deploy AI more reliably. The round was led by Marc Benioff's Time Ventures.