Business & Industry
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Peregrine Raises $250 Million at $6.8 Billion Valuation as Its Government-Data Search Platform Reaches 400 Agencies
Peregrine's Series D nearly triples its valuation in 15 months as it scales real-time government-data search to more than 400 agencies.
Baseten Raises $1.5 Billion at a $13 Billion Valuation as Investors Pile Into the AI Inference Layer
AI inference platform Baseten closed a $1.5 billion Series F at a $13 billion valuation, lifting total funding past $2 billion and underscoring how aggressively venture capital is chasing the infrastructure that serves AI models.
Qualcomm in Talks to Buy Jim Keller's RISC-V AI Chip Maker Tenstorrent for $8 Billion to $10 Billion
Reports say Qualcomm is examining a full acquisition of Tenstorrent, the RISC-V AI accelerator startup led by Jim Keller, at a valuation between $8 billion and $10 billion.
Qualcomm to Buy AI Software Startup Modular for About $3.9 Billion, Taking Aim at Nvidia's CUDA Moat
Qualcomm agreed to acquire Modular in an all-stock deal worth about $3.9 billion, expected to close in the second half of 2026.
Nobel Laureate John Jumper Leaves Google DeepMind for Anthropic, the Second AI Star to Exit Google in a Week
AlphaFold co-creator John Jumper is leaving DeepMind after nearly nine years, days after Gemini co-lead Noam Shazeer departed for OpenAI.
EA Conducts Its Third Round of Layoffs This Year Across US and India as the $55 Billion Saudi-Led Buyout Nears Completion
EA cut an undisclosed number of jobs in customer support, IT, recruitment, and trust and safety across US remote roles and its Hyderabad office, its third layoff round of 2026 as the PIF-led buyout closes in.
Supabase Raises $500M Series F at $10.5 Billion Valuation as AI Agents Drive a Database Explosion
The open-source Postgres platform raised $500M led by GIC just seven months after its Series E, citing 600% database growth driven by AI coding agents.
World-Model Startup Odyssey Raises $310 Million at $1.45 Billion Valuation, Picks AWS Trainium Months After Taking Nvidia's Money
Odyssey closed a $310 million Series B led by Natural Capital with backing from Amazon, GV, and AMD Ventures, naming AWS its preferred cloud after an Nvidia-backed Series A in February.
Ramp Raises $750 Million Series F at $44 Billion Valuation as Investors Bet on AI-Driven Spend Management
Fintech Ramp closed a $750 million Series F at a $44 billion valuation, nearly tripling its worth in a year as it pitches tools to manage corporate AI token spending.
SpaceX Signs Definitive $60 Billion All-Stock Merger to Acquire Cursor Maker Anysphere, Exercising Its April Option Days After Its IPO
An SEC filing shows SpaceX has signed a merger agreement to acquire Anysphere, the maker of AI coding tool Cursor, for $60 billion in stock, with the deal expected to close in Q3 2026.
Sereact Raises $110 Million Series B to Scale Its Cortex 2.0 Robotic World Model and Expand Into the US
German robotics-AI startup Sereact raised a $110M Series B led by Headline to scale its Cortex 2.0 software and open a first US office in Boston.
Oracle's Cloud Infrastructure Revenue Jumps 93% as Backlog Hits $638 Billion on AI Contracts, but Shares Fall on Spending
Oracle posted record Q4 FY2026 results with OCI revenue up 93% and a $638 billion order backlog, yet shares fell as capital spending and financing plans rattled investors.