Investors and funding

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BNP says AI borrowing will end the credit bull market, and it is lending to AI too

BNP Paribas expects the years-long rally in corporate bonds to break as hyperscalers flood the market, forecasting some $400B of their bond sales next year and a record $3.7T of net fixed income supply. The ECB reached a similar conclusion in August, finding US tech now accounts for close to a tenth of new euro […]

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Euno raises $23m to give enterprise AI agents the context they lack

Euno has raised a $23m Series A led by N47. The startup builds what it calls a context platform for enterprise AI agents. Chief executive Sarah Levy first disclosed the round to Axios Pro, before the company published its announcement on Wednesday. Existing investor 10D also took part, alongside a group of founders from the […]

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Clay raises $115m at a $7.1bn valuation, more than double its 2025 price

Clay has raised $115m in a Series D round that values the New York go-to-market software company at $7.1bn. Wellington Management led the round, the company said in its announcement on Wednesday. The New York Times broke the news, in a DealBook story by Michael J. de la Merced. The paper reported that Clay’s previous […]

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Antioch raises $32m to test robots in simulation before they touch hardware

Antioch, a New York startup that builds simulation software for robots, drones and other autonomous machines, has raised a $32m Series A. Greylock led the round. The money goes on the idea that physical AI teams should test their systems in the cloud before anything touches hardware. Antioch announced the round in a blog post […]

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Ramp eyes $60bn valuation three months after $44bn, Bloomberg reports

Ramp, the corporate card and spend management company, is in early talks to raise new funding at a valuation of roughly $60bn. That would put it $16bn above the valuation it reached just three months ago. Rebecca Torrence and Natasha Mascarenhas of Bloomberg reported the talks on 8 September, citing people familiar with the efforts. […]

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Celero raises $275m to bring coherent optics inside AI data centres

Celero Communications, a two-year-old chip startup, has raised $275m in a Series C round that values it at more than $3bn. It makes the processors that push data down fibre optic cables between AI chips, racks and whole data centres. Atreides Management, Valor Equity Partners and CapitalG, Alphabet’s growth fund, co-led the round. Dina Bass […]

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The Boring Company raises $3bn at a $23bn valuation, led by the UAE

Elon Musk’s tunnelling company has raised $3bn at a valuation of $23bn, led by the United Arab Emirates and affiliated investment entities, four times what it was worth in 2022, and a long way from the Washington to New York hyperloop announced in 2017. The money is earmarked for more than 150km of tunnel across the […]

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Abu Dhabi says $100bn of AI capital sits in its financial centre. Its own announcement cannot decide whether that money is held there or spent.

Abu Dhabi Global Market reported more than $100bn in AI-focused capital in its first-half results, alongside 54% growth in assets under management. The same release describes that sum as deployed from the centre in one place and held by entities in another, which are not equivalent claims. Roughly half the total is MGX, the state-backed […]

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Abu Dhabi says $100bn of AI capital sits in its financial centre. Its own announcement cannot decide whether that money is held there or spent. Read More »

Silver Lake is merging Cegid and Silae into a €10bn French software group

Silver Lake is merging two companies it already owns. Cegid and Silae are both French. Both are majority-owned by the American private equity firm. On Wednesday they announced their intention to merge. The deal is expected to value the combined group at more than €10bn in enterprise value. Silver Lake will remain the majority shareholder. […]

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Analog Devices will pay $1.35bn for edge AI chipmaker Alif Semiconductor

Analog Devices has agreed to buy Alif Semiconductor for $1.35bn in cash, with up to $200m more contingent on performance, adding a line of microcontrollers built to run neural networks inside devices rather than send data to a data centre. The deal was announced today, and it is expected to close before the end of this […]

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