Funding
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GMI Cloud Announces $668 Million in Financing, Pairing a $223 Million Series B With a $445 Million CTBC-Led Credit Facility
GMI Cloud says it raised $223 million in Series B equity led by ARCHIV plus a $445 million CTBC-led credit facility to expand GPU and inference capacity in the US, Taiwan and APAC.
Nscale Closes $3.36 Billion Pre-IPO Financing as It Preps a Public Debut Valued at $35 Billion
British AI neocloud Nscale secures $3.36 billion in convertible financing led by Third Point and Nvidia ahead of an NYSE listing targeting a $35 billion valuation.
Crusoe Raises $3.9 Billion Series F at $30.9 Billion Valuation to Expand Its Vertically Integrated AI Infrastructure Stack
Crusoe's oversubscribed round, co-led by Atreides, Mubadala and Valor, funds modular Spark data centers and its Managed Inference platform, which claims to outpace vLLM.
Travis Kalanick's Atoms Raises $1.7 Billion in Funding Round Led by Andreessen Horowitz, With Uber Investing
Atoms, Travis Kalanick's industrial robotics venture, closed a $1.7 billion round led by a16z, with Uber and Bain Capital among the backers.
Natural Raises $30 Million Series A to Build Payments Infrastructure for AI Agents, Setting Up a Challenge to Stripe
Natural closed a $30 million Series A led by Forerunner to build payment rails built for autonomous AI agents rather than human checkout, positioning itself against Stripe.
Scribe Therapeutics Files for Nasdaq IPO, Testing Investor Appetite for Early-Stage CRISPR Gene-Editing Biotechs
The Jennifer Doudna-founded CRISPR biotech filed to go public under ticker SCTX as its lead cholesterol therapy remains early in human testing.
PixVerse Closes $439 Million Series C Extension as Valuation Tops $2 Billion With Alibaba Joining
AI video startup PixVerse's Series C extension brings the round to $439 million and pushes its valuation above $2 billion, as it pivots from video clips toward real-time interactive worlds.
Lyzr Lets Its Own AI Agent Run a $100 Million Series B Fundraise as Valuation Nears $500 Million
Lyzr's AI agent SivaClaw fielded questions from 130-plus investors and drafted memos for the enterprise AI startup's in-progress $100 million Series B, which would value the three-year-old company near $500 million.
Runpod Raises $100 Million Series A Led by Summit Partners at a $1 Billion Valuation as AI Compute Demand Surges
The GPU cloud platform Runpod raised $100 million in a Summit Partners-led Series A that values it at $1 billion, saying it now serves more than one million AI developers.
SK Hynix Sets a $29 Billion Nasdaq Listing, Poised to Be the Largest ADR Offering Ever, With All Proceeds Funding New Chip Fabs and EUV Tools
SK Hynix will list ADRs on the Nasdaq on July 10 to raise up to $29 billion, potentially the largest ADR offering on record, with all proceeds funding new chip fabs, advanced packaging, and EUV scanners.
Quantum Systems Raises $1.2 Billion Series D at an $8 Billion Valuation, More Than Doubling the German Drone Maker's Worth Since November
Munich autonomous drone maker Quantum Systems raised a $1.2 billion Series D at about an $8 billion valuation, more than doubling its worth since November as defense-tech funding surges.
Upscale AI Raises $190 Million at a $2 Billion Valuation With Nvidia Joining, Betting Its Open UALink Switch Can Break NVLink's Grip
Nvidia joined a $190M round backing a startup building an open scale-up switch to rival its own NVLink fabric.