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Money & Moves

Latest Money & Moves on Megadose. AI news ranked, decayed, deduped.

34 recent items

  1. Insurance software maker Guidewire agrees to acquire Hyperexponential, which makes AI-powered insurance underwriting and pricing software, for $1.7B in cash (Anzar Mehraj/Reuters)
    Techmeme ·
    The $1.7 billion cash deal expands Guidewire’s capabilities in AI-powered insurance underwriting and pricing.
  2. Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff (Financial Times)
    Techmeme ·
    OpenAI reportedly cut its fundraising target to $20 billion at a $1.25 trillion valuation as investors reduced commitments amid an AI selloff.
  3. Sources: Baseten is raising ~$2B in two tranches, one valuing it at $26B and the other at $30B; Baseten was valued at $13B in June after raising $1.5B (Bloomberg)
    Techmeme ·
    Baseten is reportedly raising about $2 billion at valuations reaching $30 billion, more than doubling its June valuation.
  4. Sources: DeepSeek doubled its latest round's size due to surging black market Nvidia Blackwell chip prices, with Chinese state-owned investors representing 27% (The Information)
    Techmeme ·
    DeepSeek reportedly doubled its latest funding round as black-market Nvidia Blackwell prices surged, with Chinese state-owned investors supplying 27% of the capital.
  5. Canada-based Cohere completes the first close of a round that it expects to total up to $5B, with Canada agreeing to invest up to $1.14B, at a $20.5B valuation (Bloomberg)
    Techmeme ·
    Cohere completed an initial funding close at a $20.5 billion valuation, targeting up to $5 billion with substantial Canadian government backing.
  6. Source: Dulo, a startup co-founded by Google veteran Sebastian Thrun to build "foundation models for hardware design", raised a $130M seed (Rocket Drew/The Information)
    Techmeme ·
    Sebastian Thrun’s startup Dulo raised a $130 million seed round to develop foundation models for hardware design.
  7. Sources: Marvell is in advanced talks to buy data center optics maker Lumentum, whose market value is ~$83B; the deal could be announced as soon as next week (Bloomberg)
    Techmeme ·
    Marvell is reportedly nearing an acquisition of Lumentum, valued at roughly $83 billion, potentially consolidating a major supplier of AI data center optics.
  8. OpenAI-backed Thrive Holdings acquires ADT
    TechCrunch AI ·
    OpenAI-backed Thrive Holdings is acquiring ADT for $15.3 billion, with plans to integrate AI into its home security business.
  9. Sources: Meta's $25B share sale was oversubscribed 5x as it seeks $98B for AI spending; the 15 largest investors in the sale accounted for ~70% of shares (Anthony Hughes/Bloomberg)
    Techmeme ·
    Meta attracted demand worth five times its $25 billion share offering, demonstrating strong investor appetite as it seeks $98 billion for AI spending.
  10. Sources: Anthropic is aiming to go public the week of November 16 and could raise ~$100B at a $1.5T to $2T valuation, after initially preparing for October (Wall Street Journal)
    Techmeme ·
    Anthropic is targeting a November IPO seeking roughly $100 billion, potentially valuing the frontier AI lab at $1.5 trillion to $2 trillion.
  11. Anthropic files S-1 with the SEC for proposed initial public offering
    Anthropic News ·
    Anthropic filed an S-1 for a proposed IPO, marking a major step toward public-market financing for the frontier AI lab.
  12. Anthropic files for an IPO on the Nasdaq under the symbol ANT; the number of Class A shares to be offered and the price range is yet to be determined (Anthropic)
    Techmeme ·
    Anthropic filed to go public, opening a path to public-market financing while leaving the offering size and pricing undetermined.
  13. Meta plans to raise $95B to finance its AI expansion, including a $35B underwritten equity offering, backed by cornerstone investors Nvidia, AMD, and Broadcom (Tim Bradshaw/Financial Times)
    Techmeme ·
    Meta plans $95 billion in AI financing, including a $35 billion equity offering backed by Nvidia, AMD, and Broadcom.
  14. Elon Musk says SpaceX closed $40B in GPU debt, debt markets have shut off credit for AI data center firms, and 200+ neoclouds face "death and consolidation" (Elon Musk/@elonmusk)
    Techmeme ·
    Elon Musk reports SpaceX secured $40 billion in GPU debt as credit tightens for AI data center companies.
  15. Anthropic officially files for its public debut
    TechCrunch AI ·
    Anthropic’s IPO filing discloses soaring revenue, mounting losses, and governance provisions designed to preserve founder control as the frontier lab seeks public capital.
  16. Sources: OpenAI nears an up to $30B round led by investors from the UAE and Coatue at a $1.25T pre-money valuation, as an "opportunistic" bridge ahead of an IPO (Kate Rooney/CNBC)
    Techmeme ·
    OpenAI is nearing a financing of up to $30 billion at a $1.25 trillion pre-money valuation to bridge operations ahead of an IPO.
  17. Sources: DeepSeek raised ~$15B in its latest fundraising round, one of China's largest ever, with CATL and Tencent among the biggest contributors (Lulu Yilun Chen/Bloomberg)
    Techmeme ·
    DeepSeek secured approximately $15 billion from investors including CATL and Tencent, substantially expanding its resources to compete with leading US AI labs.
  18. Flapping Airplanes, which is working on methods to train AI models on less data and compute and make the chips more efficient, raised $1B at a $6B valuation (Rachel Metz/Bloomberg)
    Techmeme ·
    Flapping Airplanes raised $1 billion at a $6 billion valuation to develop AI training methods requiring less data and compute and improve chip efficiency.
  19. Salesforce agrees to acquire AI-powered marketing platform Braze for nearly $5.7B in enterprise value, paying $47.50 per share, set to close from February 2027 (Dana Wollman/Bloomberg)
    Techmeme ·
    Salesforce will pay $47.50 per share for Braze, expanding its marketing business through a deal expected to close starting February 2027.
  20. Sources: OpenAI is racing to secure investor commitments before Anthropic's expected IPO in mid-Nov. and aims to raise ~$30B; the round could value it at $1.4T+ (Reuters)
    Techmeme ·
    OpenAI reportedly seeks roughly $30 billion at a valuation above $1.4 trillion, accelerating investor commitments ahead of Anthropic's expected November IPO.
  21. AI chip startup Tenstorrent raised a $1.5B Series E led by Trace Capital and Innovation X at a $6.2B valuation, up from $2.6B after raising $700M in 2024 (Bloomberg)
    Techmeme ·
    Tenstorrent’s $1.5 billion financing more than doubles its valuation to $6.2 billion, providing substantial capital for its AI chip business.
  22. Sources: Anthropic is offering Blackstone a 10%+ yield to help finance Anthropic's $60B debt package to buy Google TPUs; Blackstone would invest $9B in the debt (Financial Times)
    Techmeme ·
    Anthropic is reportedly offering Blackstone over 10% yield on a proposed $9 billion investment in its $60 billion debt package for Google TPUs.
  23. AI infrastructure startup Modal raised a $750M Series D led by Accel at a $15.75B post-money valuation, taking its total funding to $1.2B, and passes $1B ARR (Chris Metinko/Axios)
    Techmeme ·
    Modal raised $750M at a $15.75B valuation and surpassed $1B ARR, signaling major demand for AI infrastructure.
  24. Jensen Huang announces $2B in new European Nvidia investments, including in French startups Doctolib and Genesis AI, adding to $8B invested over the past year (Benoit Berthelot/Bloomberg)
    Techmeme ·
    Nvidia is adding $2B in European AI investments, deepening its startup and market footprint across the region.
  25. How Anthropic co-founder Tom Brown used GOP ties to end a June standoff over model safety and win over Musk, brokering a $1.25B/month SpaceX compute deal (Wall Street Journal)
    Techmeme ·
    Anthropic reportedly secured a massive SpaceX compute deal, signaling major infrastructure spending and strategic alignment around frontier model scaling.
  26. Jev developer TypeSafe AI raised ~$870M led by a16z at a $7.5B valuation with Sequoia and others participating (Bloomberg)
    Techmeme ·
    TypeSafe AI raised about $870M at a $7.5B valuation, signaling major investor conviction behind Jev.
  27. Sources: SoftBank is seeking to raise up to $100B from Gulf investors for a fund to buy companies and improve their operations with AI and other advanced tech (Financial Times)
    Techmeme ·
    SoftBank is reportedly pursuing a $100B Gulf-backed fund to acquire companies and reshape operations with AI.
  28. The maker of non-text AI model Jev valued at $7.5B just weeks after launch
    TechCrunch AI ·
    TypeSafe AI raised $870 million led by a16z, valuing the new non-text model maker at $7.5 billion shortly after launch.
  29. Manus' parent Butterfly Effect says it raised $500M+, led by Boyu Capital and IDG Capital, in its first funding since Meta was forced to unwind its Manus buyout (Anniek Bao/CNBC)
    Techmeme ·
    Manus parent Butterfly Effect raised over $500M, a major financing after Meta’s failed acquisition attempt.
  30. Sources: AI neocloud Lambda is raising up to $4B led by Blackstone and Coatue at a pre-money valuation of $14.5B in a final round before its planned IPO (Robbie Whelan/Wall Street Journal)
    Techmeme ·
    Lambda is reportedly raising up to $4B before an IPO, underscoring investor demand for AI cloud infrastructure.
  31. Sources: SpaceX is seeking to raise $40B, including ~$10B in bank loans and ~$30B in investment-grade debt, to purchase Nvidia chips, in a deal led by Apollo (Financial Times)
    Techmeme ·
    SpaceX is seeking $40B in debt financing to buy Nvidia chips, signaling a massive AI infrastructure push.
  32. Sources: DeepSeek is close to raising $12B+ in a round that could reach ~$14.9B, with Tencent and CATL as the biggest contributors, ahead of an early-2027 IPO (Bloomberg)
    Techmeme ·
    DeepSeek is reportedly nearing a $12B-plus funding round backed by Tencent and CATL ahead of a planned 2027 IPO.
  33. SignSplit, which offers infrastructure to let people digitally sign datasets, likenesses, and creative works, raised $400M from W Group at a $1B valuation (Mike Wheatley/SiliconANGLE)
    Techmeme ·
    SignSplit launched with $400M to build paid attribution infrastructure for AI training data, likenesses, and creative works.
  34. AI computing startup Lambda to raise $4B ahead of planned IPO
    TechCrunch AI ·
    Lambda is raising up to $4 billion at a $14.5 billion valuation ahead of a planned 2027 IPO.