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Fireworks AI raised $1.505 billion in Series D funding at a $17.5 billion valuation, surpassing $1 billion in annualized revenue run rate and serving over 40 trillion tokens daily, with 95%+ from models specialized on customer data.
Applied Computing, a London-based startup, has raised $20M for Orbital, a foundation AI model for oil, gas, and petrochemical plants that combines time series, physics, and language models to analyze sensor data and simulate operations, aiming to help operators use data more effectively.
Misfits Attic announces Duskers 2.0, the sequel to the award-winning command line horror game, funded by Stray Signal and showcased at the PC Gaming Show.
Anthropic, Blackstone, and Hellman & Friedman have launched Ode, a new enterprise AI services firm, backed by a consortium of major investors including Goldman Sachs, General Atlantic, Apollo, GIC, and Sequoia.
Rime, a voice AI startup founded by ex-Stanford and Amazon engineers, raised $24M in Series A funding to help enterprises handle customer calls with its phoneme-based voice models that reduce customization needs. The company plans to expand its team and shift toward speech-to-speech models.
Gidi Littwin, co-inventor of Apple's FaceID and Vision Pro, is building a frontier AI model for decoding brain electrical activity to diagnose cognitive disorders. His startup Hemispheric raised $52 million after collecting brain data from 100,000 volunteers, and plans to submit its PTSD diagnostic tool for FDA approval in early 2027.
Spotify founder Daniel Ek's preventive health startup Neko Health plans to expand into the US with a New York clinic after a $700 million funding round, using AI-powered full-body scans to detect diseases early.
Neko has raised a $700M Series C to advance proactive healthcare across multiple regulatory environments, as announced by co-founder Hjalmar Nilsonne.
A list of 22 AI startups with annualized revenue run rates exceeding $500 million, highlighting notable companies like Cursor ($4B), Scale ($2B), and Together AI ($1B).
OpenAI researcher Miles Wang is leaving to launch an AI drug discovery startup, with talks to raise $200 million at a $2 billion valuation led by Lightspeed.
DeepSeek, the Chinese LLM developer, is reportedly in talks to raise $1.5B at a ~$71B valuation and plans to IPO in 2027, following a $7B funding round a month ago.
A new tool helping Fortune 2000 companies monitor political situations has raised $70M in funding, underscoring the growing corporate focus on policy tracking.
Reflection AI, a U.S. startup developing open models, has signed a $1 billion compute deal with European AI infrastructure company Nebius for access to Nvidia's latest chips, amid growing interest in open-source AI due to concerns over closed models and government restrictions.
PsiQuantum plans to build a large-scale quantum computer using photons, leveraging existing chip manufacturing infrastructure, with a $1B investment and a target operational timeline in 2027.
Singapore-based video-generation startup PixVerse raised $439 million in a Series C extension, pushing its valuation past $2 billion. The company plans to expand its world model offerings and reach global customers.
Nous Research, the startup behind the open-source Hermes AI agent, is finalizing a new funding round at a $1.5 billion valuation, raising at least $75 million from investors including Robot Ventures and USV.
Queue's fully autonomous robotic pharmacy kiosk dispenses prescriptions in 60 seconds, filling 600 pills per minute at a Palo Alto pilot. The startup raised $18.6M and plans broader rollout by early 2027.
Intern Tian Keyu, who was previously fired by ByteDance for maliciously attacking a large model and compensated 8 million yuan, has now obtained hundreds of millions in financing, marking a dramatic turn of events.
AI agent company Lyzr raises $100 million in Series B funding, using its own AI agent in the process.
MiniMax raised $2B in funding; CEO commits to no salary until AGI and dedicates shares to open-source community.