Technology

Harvey Raises $550M at a $15.5B Valuation, Up From $11B in March

Legal AI company Harvey raised $550 million at a $15.5 billion valuation co-led by Lightspeed and Diffusion, up from $11 billion in March. Harvey says 80% of the Am Law 100 use the platform.

Technology

Cognition Raises Over $2B at a $48B Valuation as Run-Rate Revenue Nears $900M

Cognition, the company behind the AI software engineer Devin, raised more than $2 billion at a $48 billion valuation in a Series E led by Andreessen Horowitz and Accel. Run-rate revenue has nearly doubled to $900 million in four months.

Technology

Mistral Raises €3B (~$3.5B) Series D Led by Samsung at Over €21B (~$24.5B) Valuation

Mistral AI raised 3 billion euros (~$3.5 billion) in a Series D led by Samsung Electronics at a post-money valuation above 21 billion euros, nearly doubling the French company's valuation in twelve months.

Technology

Pixxel Raises $100M Series C Led by Temasek and Seraphim Space

Bengaluru-based Pixxel closed a $100 million Series C co-led by Temasek and Seraphim Space, the largest single round for an Indian space-technology company. The money funds a next-generation satellite constellation and an orbital data center carrying Nvidia GPUs.

Technology

DeepSeek Nears $7.4 Billion Funding Round at $74 Billion Valuation

DeepSeek is finishing a roughly $7.4 billion raise at a $74 billion pre-money valuation, with CATL, Monolith and Shixiang returning. Investors get direct equity for the first time ahead of a targeted 2027 Shanghai STAR Market listing.

Technology

Andreessen Horowitz Raises $1.1 Billion Machine Age Fund for AI Hardware

Andreessen Horowitz raised $1.1 billion for the Machine Age Fund, a dedicated hardware vehicle backing the chips, memory, data centers and robots AI runs on. Hardware is now over 20% of the firm's deal flow.

Technology

Instinct Raises $250 Million Series B at $2.5 Billion Valuation Led by Index and Benchmark

Instinct, the year-old personal AI assistant from 23-year-old founder Noah Shinn, raised a $250 million Series B co-led by Index Ventures and Benchmark at a $2.5 billion valuation while still in private beta.

Technology

Gatik Raises $200 Million Series D Led by Qatar Investment Authority and Koch

Autonomous trucking company Gatik raised a $200 million Series D co-led by the Qatar Investment Authority and Koch Disruptive Technologies after completing more than 85,000 fully driverless orders.

Technology

Emerald AI Raises $150 Million Series A at a $1.05 Billion Valuation

Emerald AI raised a $150 million Series A at a $1.05 billion valuation, co-led by Energize Capital and DCVC with Nvidia and Siemens participating. Its software cuts a data center's grid draw during peak stress without slowing critical AI workloads.

Technology

Etched Raises $700 Million at a $21 Billion Valuation Led by Jane Street

AI inference chip startup Etched raised $700 million at a $21 billion valuation, led by Jane Street — the trading firm that bought and deployed Etched's first shipped rack. The valuation doubled from $10.3 billion set weeks earlier in July.

Technology

Thrive Holdings Raises $2 Billion at a $12 Billion Valuation for AI Rollups

Thrive Holdings, a Thrive Capital spinoff with an OpenAI ownership stake, raised $2 billion at a $12 billion valuation from SoftBank, D1 Capital Partners and Altimeter Capital. Its platforms now span more than 70 accounting and IT businesses.

Technology

OLIX Raises $312M Series B at $3.3 Billion Valuation for Photonic AI Inference Chips

London startup OLIX raised $312 million in Series B financing at a $3.3 billion valuation, led by Fundomo with Arm, Hudson River Trading and Netflix co-founder Reed Hastings joining. Its first chip, the DX-1 decode accelerator, is targeted to reach customers in the second half of 2027.