Tag: billion valuation
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Cognition AI raises $2 billion at $48 billion valuation
Sept 8 : AI coding startup Cognition AI said on Tuesday it had raised $2 billion in a Series E funding round at a valuation of $48 billion. Here are some details:• The round was led by new investors Andreessen Horowitz and Accel, alongside existing backers Founders Fund, General Catalyst, and Avenir.
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Socure secures investment at $5.2 billion valuation, buys Fravity
Aug 27 : Identity verification startup Socure said on Thursday it had secured a strategic growth investment, which valued the company at $5.2 billion, and acquired agentic operations platform Fravity.The investment comes as businesses seek advanced tools to counter increasingly sophisticated fraud and automat
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SoftBank in talks to buy stake in 1X at $6 billion valuation, The Information reports
Aug 26 : SoftBank is in talks to buy a majority stake in OpenAI-backed humanoid robot developer 1X Technologies in a deal that would value the startup at about $6 billion, The Information reported on Wednesday, citing people with knowledge of the deal.Reuters could not immediately confirm the report. SoftBan
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Guotai Junan International receives take-private offer at over $3.6 billion valuation
Aug 7 : Hong Kong-listed brokerage Guotai Junan International said on Friday it received a conditional take-private proposal from Guotai Haitong Financial Holdings, valuing it at HK$28.59 billion ($3.64 billion).Under the proposal, shareholders will receive HK$3 in cash for every cancelled share, and the comp
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Obsidian Security raises funding at $1.1 billion valuation on AI security demand
Aug 4 : Obsidian Security said on Tuesday it had raised $85 million in a Series D funding round that valued the AI security startup at $1.1 billion, as businesses seek to secure a growing number of AI agents accessing sensitive enterprise data.The round, led by Crescent Cove Advisors, comes as businesses adop
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Eliyan raises $145 million at $1 billion valuation to ease AI chip data bottlenecks
SAN FRANCISCO, July 29 : Eliyan, a startup that aims to ease the bottlenecks in transferring data between AI chips in data centers, said on Wednesday it had raised $145 million in venture funding at a $1 billion valuation.Cisco Systems, Lumentum and an early investor in networking pioneer Mellanox before its
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Databricks secures funding round at $188 billion valuation
July 16 : Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software firm at $188 billion. Here are a few details:• The round, which Databricks expects to close later this summer, is being led by existing investor Coatue and will inc
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Citadel Securities invests $400 million in Crypto.com at $20 billion valuation
July 16 : Crypto.com said on Thursday that market maker Citadel Securities had invested $400 million in the crypto exchange at a $20 billion valuation, in its first-ever institutional fundraising round.Banks, exchanges and asset managers have rapidly blurred the line between traditional finance and digital as
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ElevenLabs explores employee stock sale at $22 billion valuation, Bloomberg News reports
July 2 : AI voice generation firm ElevenLabs is exploring a secondary share sale that would allow employees to sell stock, Bloomberg News reported on Thursday, citing people familiar with the matter.The proposed transaction could value the company at about $22 billion and is expected to occur by September, th
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Together AI raises $800 million at $8.3 billion valuation
July 1 : Together AI on Wednesday said it has raised $800 million in a funding round led by Aramco Ventures, more than doubling the artificial intelligence startup’s valuation to $8.3 billion.Founded in 2022, the startup’s platform lets companies train and run AI workloads on open models such as DeepSeek, Min
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