Databricks raises $5B
Databricks raised $5 billion in funding at a $190 billion valuation. The company initially planned to raise $1 billion before increasing the round due to investor interest.
7 published bites in AI, newest first.
Databricks raised $5 billion in funding at a $190 billion valuation. The company initially planned to raise $1 billion before increasing the round due to investor interest.
Thrive Holdings raised $2 billion in new funding at a $12 billion valuation. Participating investors include SoftBank, D1 Capital Partners, and Altimeter Capital.
Lovable raised $400 million in new funding at a $13.3 billion valuation. The funding follows the startup reaching $500 million in annualized run rate revenue in June.
River AI raised $1.1 billion in a funding round led by General Catalyst. The two-month-old startup was founded by xAI co-founder Igor Babuschkin to build personal AI agents.
Discovered Materials raised $9 million in funding. The startup uses AI to discover novel materials for building more efficient chips.
June emerged from stealth with a $20 million pre-seed round. The startup develops solutions to simplify AI deployment.
Smallest.ai raised $13 million to construct rapid voice AI models. The startup focuses on generating human-like audio for phone calls.