Investors and funding

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Broadcom seeks more than $60bn in debt to fund AI chips for Anthropic

Broadcom is in talks with lenders to raise more than $60bn in debt, Bloomberg reported on Thursday. The money would finance AI chips for Anthropic and other companies. Bloomberg cited people with knowledge of the matter. The figures under discussion could take the total as high as $100bn. Talks are continuing and the terms may […]

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Nvidia pays Poolside $6bn to license its model factory and hire 109 staff

Nvidia has agreed to pay Poolside $6bn to license the software the startup used to build AI models, and to offer jobs to 109 of its staff. It is also investing $1bn in what remains, at a $12bn pre-money valuation. The terms come from a letter Poolside sent its investors, first reported by Newcomer. The […]

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Castelion raises $1bn at $13bn to scale hypersonic weapon production

Castelion has raised $1bn at a $13bn valuation. Three SpaceX executives founded the company in 2022 to build missiles. Its first product is Blackbeard, a hypersonic strike weapon designed for quantity rather than craft. The structure repays a close read. The round is $800m in equity plus $250m of committed financing for a revolving credit […]

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Anthropic is targeting an IPO the size of the largest ever

Anthropic expects its IPO to match or exceed SpaceX’s record $75bn raise, and could file publicly as soon as the end of this month. It made a net loss of almost $42bn in 2025, five times the year before. Anthropic expects its stock market debut to match or beat the largest one ever held. SpaceX […]

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Etched raises $700M at a $21B valuation led by Jane Street

Etched has raised $700mn at a $21bn valuation in a round led by Jane Street, doubling the $10.3bn it was worth on 23 July. It has also completed its first customer delivery, a rack shipped to Jane Street. Etched has raised $700mn at a $21bn valuation, led by Jane Street, and has shipped its first […]

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EliseAI is in talks to raise $300mn at a $3.7bn valuation

EliseAI is in talks to raise $300mn at a $3.7bn valuation, according to Business Insider. Katie Roof reported the round on Tuesday, citing sources familiar with it. Andreessen Horowitz and Bessemer Venture Partners are in talks to lead it. The details are not settled. Roof wrote that the numbers could still change. EliseAI, a16z and […]

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Situational Awareness ran two auctions at once, and one set of bidders never knew

Situational Awareness lost roughly $30bn in July. The desk reported that three weeks ago. What happened inside those six days has not. Gregory Zuckerman, Juliet Chung and Peter Rudegeair have reconstructed it for the Wall Street Journal, and the sequence is stranger than the number. The phone call that gave it away David Mann runs […]

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Space raises $2.4M to abolish the hard drive with an AI-native filesystem for humans and agents

Every few years, someone promises to abolish the hard drive. The latest is Space, a San Francisco startup coming out of stealth with $2.4m in pre-seed funding and an unusually literal pitch: a distributed filesystem that lets people and AI agents work across petabytes of live data while using, the company claims, zero local disk […]

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Revolut’s Nik Storonsky closes a $500m fund for his algorithm-run venture firm QuantumLight

Nik Storonsky, the man behind Revolut, has closed a $500m second fund for QuantumLight, the algorithmic venture-capital firm he co-founded to let software, rather than partners, decide where the money goes. The fund is double the size of QuantumLight’s $250m debut vehicle from last year, a swift escalation for an outfit still trying to prove […]

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Smack Technologies raises $61m as the Pentagon’s hurry becomes a battlefield-AI business model

A defence software start-up that most of Silicon Valley had never heard of a year ago is suddenly flush with cash, and the reason says a great deal about where the Pentagon is steering the technology industry. Smack Technologies, an Austin-based firm building artificial-intelligence tools for the battlefield, said on Monday that it had raised […]

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