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Artificial Intelligence
Elon Musk-founded xAI has raised $20 billion in a Series E round, above its original target. The funding brings in major financial and strategic investors as xAI scales compute and products.
LMArena, an AI evaluation platform, raised USD 150 million in Series A funding. The round was led by Felicis and UC Investments with top investors joining in.
Lyte has revealed itself with USD 107 million in funding. The company builds perception systems that help robots see and act safely.
Manus has joined Meta in a strategic acquisition valued at USD 2 billion. The company will continue to run its product and operations from Singapore.
SoftBank has completed its full commitment to invest in OpenAI after closing an additional $22.5 billion round. The final investment brings SoftBank’s ownership in OpenAI to around 11%.
Lovable announced a $330 million Series B round. CapitalG and Menlo Ventures led it. The startup builds tools for non-technical people to create software.
MoEngage has raised an extra $180 million in its ongoing Series F round. The funding also included a liquidity event for employees and early backers.
Databricks has raised more than $4 billion in a Series L round at a $134 billion valuation. The company says its revenue run-rate has crossed $4.8 billion, growing over 55% from last year.
London-based Conveyd raised GBP 2.5 million in seed funding. Eka Ventures led the round. Portfolio Ventures joined along with existing backers.
Shapes raised $24 million in seed and Series A rounds. Entrée Capital led the Series A. It builds AI-native platform for people management.
Opine raised $5 million in new funding. S3 Ventures led the round. It unifies technical sales for B2B teams.
Empromptu raised $2 million in pre-seed funding. Precursor Ventures led the round. It lets businesses build AI apps easily.