funding

London-based Quantum Motion has raised $160 million in Series C funding co-led by DCVC and Kembara to commercialize silicon-CMOS quantum processors that the company says fit in three standard server racks.

The AI customer-service agent startup co-founded by OpenAI chair Bret Taylor closed a Tiger Global and GV-led round on May 4, lifting its valuation from $10 billion in September.

Parallel Web Systems closed a $100 million Series B led by Sequoia Capital at a $2 billion valuation, more than doubling the startup's worth since its November Series A and bringing total funding to $230 million.

Sequoia's $7B and Accel's $5B raises in a single week reflect a structural transformation in venture capital driven by AI's unprecedented capital requirements.

JPMorgan and BlackRock are backing Jeff Bezos's physical AI startup Project Prometheus in a $10 billion round at a $38 billion valuation, his first operational role since leaving Amazon in 2021.

Anysphere, maker of the Cursor AI coding tool, is negotiating a $2 billion round co-led by Andreessen Horowitz and Thrive Capital with Nvidia participating, nearly doubling its November 2025 valuation.

Hermeus closed a $350 million Series C at a $1 billion valuation, combining equity and debt as it shifts prototyping into production and relocates to El Segundo.

AI chipmaker Cerebras submitted its S-1 for a CBRS listing on April 17, backed by a $20 billion multi-year OpenAI deal and a swing to profitability, after withdrawing its first IPO attempt over a national security review.

RISC-V chip designer SiFive closes an oversubscribed Series G round led by Atreides Management, with Nvidia and Apollo Global among the investors, to accelerate open-standard CPU development for agentic AI workloads.

The OpenTelemetry-native observability startup closes a $110M Series B at a $1B valuation, betting that AI agents will replace manual incident response.

The largest private funding round in history values OpenAI at $852 billion, with Amazon, SoftBank, and Nvidia among the backers.

The Y Combinator graduate plans an 88,000-satellite constellation for orbital AI compute, backed by Benchmark and EQT Ventures.