AI Funding & Startups
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Modal Labs Nears $750 Million Round at $15.75 Billion Valuation, More Than Tripling Its Worth in Four Months
The AI inference infrastructure provider is reportedly closing an Accel-led round, up from $4.65 billion at its $355 million raise four months ago.
Together AI Raises $800 Million Series C at $8.3 Billion Valuation, Led by Aramco Ventures, to Scale Its Open-Model Cloud
Together AI raised an $800 million Series C led by Aramco Ventures at an $8.3 billion valuation, more than doubling its worth in about 16 months as enterprises shift toward cheaper open-source AI models.
Modal Labs Closes $355 Million Series C at $4.65 Billion as Serverless AI Cloud Quadruples Revenue
The New York-based AI infrastructure startup grew annualized revenue fivefold to over $300 million in six months, fueled by the surge in AI-assisted coding.
Exa Raises $250 Million Series C at $2.2 Billion Valuation to Build Search Infrastructure for AI Agents
Andreessen Horowitz leads a $250M Series C in Exa, valuing the AI-native search startup at $2.2B as it serves over 5,000 companies including Cursor, Cognition, and HubSpot.
OpenAI Launches the Deployment Company With Over $4 Billion From 19 Partners and Acquires Tomoro to Bring 150 Forward Deployed Engineers In-House
A majority-owned joint venture led by TPG embeds OpenAI engineers inside enterprises to convert frontier model access into measurable business outcomes.
Bret Taylor's Sierra Raises $950 Million at $15.8 Billion Valuation, Up From $10 Billion Eight Months Earlier
The AI customer-service agent startup co-founded by OpenAI chair Bret Taylor closed a Tiger Global and GV-led round on May 4, lifting its valuation from $10 billion in September.
Anthropic, Blackstone, Hellman & Friedman, and Goldman Sachs Launch $1.5 Billion AI Services Firm to Embed Claude in PE Portfolios
The four-way joint venture, announced May 4, 2026, will deploy Anthropic engineers inside mid-size companies and PE-backed firms, opening a new front against the major management consultancies.