AI company news, funding rounds, mergers, acquisitions, partnerships, and market dynamics.
301 articles
Two years after leaving stealth mode, Rillet has closed a $100 million Series C round valuing the company at $1 billion, led by Iconiq. Existing backers, including Andreessen Horowitz, also joined the round. Source: google.com
Cityblock Health is acquiring Homeward Health to combine its data and care-coordination platform with Homeward's rural provider network and care model. The deal comes alongside a fresh $116 million funding round for Cityblock. Source: google.com
Rillet secured $100 million in Series C funding at a $1 billion valuation to further build out its AI-native ERP system. The platform is designed to let finance teams run more automated, agentic accounting workflows. Source: google.com
AI chip startup Fractile is reportedly in talks to raise $600 million at a $6.5 billion valuation, according to Bloomberg. Separately, a micromobility spinout from Rivian raised $150 million, while private equity investors are increasingly moving into the fire safety sector. Source: amp.axios.com
Rillet, an AI-powered accounting startup, raised a $100 million Series C round led by Iconiq, valuing the company at $1 billion. The round comes just two years after Rillet came out of stealth, with backing from returning investor Andreessen Horowitz among others. Source: techcrunch.com
Rillet, an AI-native ERP platform for finance teams, announced a $100 million Series C led by ICONIQ, reaching a $1 billion valuation. The company says the funding will support its ambition to develop advanced AI capable of automating complex accounting and financial operations. Source: businesswire.com
Smack Technologies closed a $61 million Series B round to grow its specialized AI systems built for military applications. The new funding pushes the company's total capital raised past $90 million. Source: pulse2.com
Etched said its valuation more than doubled to $21 billion after Jane Street, its first customer to receive a shipped AI cluster system, backed a new funding round. Investors are betting big on rising demand for the startup's inference hardware. Source: techcrunch.com
Jane Street-backed AI chip startup Etched confirmed its valuation surged past $21 billion in less than a month, fueled by investor enthusiasm for AI inference demand. The jump follows the successful delivery of Etched's first commercial AI cluster system. Source: reuters.com
Etched, a company building advanced AI inference clusters, announced a $700 million funding round that values the firm at $21 billion. The raise coincides with the completed delivery of its first customer system to Jane Street. Source: globenewswire.com
AI startup Higgsfield quadrupled its valuation to $5.4 billion after closing a $400 million Series B round. The San Francisco company had already reached unicorn status earlier, and a key strategic pivot is credited with driving its rapid growth. Source: inc.com
Rillet, a two-year-old company building what it calls the first fully AI-native accounting platform, raised a $100 million Series C round that values it at $1 billion. Its founder says the goal is to free CFOs from tedious manual work and give them their weekends back. Source: finance.yahoo.com
AI video and image creation platform Higgsfield, popular with professional creators, brands, and studios, closed a $400 million Series B round. The company said its annualized revenue has climbed to $700 million. Source: prnewswire.com
Higgsfield, founded by former Snap executive Alex Mashrabov, raised a $400 million Series B round. The startup lets users generate AI images and videos, and its valuation has grown fourfold since earlier this year. Source: techcrunch.com
Voice-to-text AI startup Wispr Flow raised $280 million in a Series B round led by Menlo Ventures, with participation from Notable Capital, NEA, 8VC, and MVP. The deal values the company at $2 billion. Source: newscord.org
AI coding startup Lovable doubled its valuation to $13.3 billion in under a year. Investors are betting the company can expand beyond software creation as demand for AI-generated apps keeps rising. Source: inc.com
Wispr Flow, a startup building AI-powered voice dictation tools, has nearly tripled its valuation to $2 billion within nine months. The surge reflects strong investor appetite for voice-based productivity software. Source: reuters.com
AI video platform Higgsfield secured a $400 million Series B round, pushing its valuation to $5.4 billion. The company reported its annualized revenue jumped to $700 million this month, up sharply from just $20 million a year ago. Source: qz.com
Stripe is reportedly acquiring OpenRouter, a startup providing unified API access to hundreds of AI models, in a deal worth more than $7 billion. The company was previously valued at just $1.3 billion, marking a massive jump in valuation. Source: pluang.com
Stripe has finalized the acquisition of OpenRouter for $7 billion, a significant step into AI infrastructure. The platform connects users to more than 400 AI models and serves around 8 million users globally. Source: en.cryptonomist.ch