Fal doubles its valuation to $16B on $1.3B round
Fal, a startup that hosts and runs AI video, image and audio models, raised $1.3 billion at a $16 billion valuation, double its valuation from earlier in the year.
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Databricks raises over $4 billion Series L at a $134 billion valuation
On 16 December 2025 Databricks announced a Series L of more than $4 billion at a $134 billion valuation, up 34% from its August 2025 round, alongside a $4.8 billion revenue run-rate.
Anysphere raises $2.3B Series D
On 13 November 2025, Anysphere, the company behind Cursor, announced a $2.3 billion Series D at a $29.3 billion post-money valuation, saying it had crossed $1 billion in annualized revenue.
LangChain raises $125M Series B
On 20 October 2025, LangChain announced a $125 million Series B at a $1.25 billion valuation, led by IVP, and released LangChain 1.0, LangGraph 1.0 and new LangSmith tools.
Databricks closes a $1 billion Series K at a valuation above $100 billion
Databricks closed a $1 billion Series K in September 2025 at a valuation above $100 billion, weeks after signing the term sheet, and disclosed a $4 billion revenue run-rate with more than $1 billion of it from AI products.
Meta invests $14.3 billion in Scale AI and hires Alexandr Wang
On 12 June 2025 Meta contributed $14.3 billion to Scale AI for a 49% stake without voting power. Scale AI founder Alexandr Wang left to join Meta's superintelligence efforts and was later named chief AI officer.
LMArena raises $100M seed round and becomes a company
On May 21, 2025, LMArena announced a $100 million seed round led by a16z and UC Investments at a reported $600 million valuation, alongside a platform relaunch.
Databricks raises a $10 billion Series J at a $62 billion valuation
On 17 December 2024 Databricks announced a $10 billion Series J at a $62 billion valuation, led by Thrive Capital, with $8.6 billion of it completed at announcement. Reuters reported the round surpassed OpenAI's October 2024 raise and mostly funded employee liquidity.
Scale AI closes a $1 billion Series F at a $13.8 billion valuation
In May 2024 Scale AI closed a $1 billion financing at a $13.8 billion valuation, led by existing investor Accel, with participation from existing backers such as NVIDIA and new ones including Amazon, Meta and Intel Capital.
Databricks raises $500 million Series I at a $43 billion valuation
On 14 September 2023 Databricks raised more than $500 million in a Series I round at a $43 billion valuation, led by funds advised by T. Rowe Price, about two months after closing its roughly $1.3 billion MosaicML acquisition .
Hugging Face raises $235 million at a $4.5 billion valuation
On 24 August 2023 Hugging Face raised a $235 million Series D led by Salesforce Ventures, valuing the open-model hub at $4.5 billion, more than double its 2022 valuation, with chipmakers and cloud providers among the investors.
Hugging Face raises $100 million at a $2 billion valuation
On 9 May 2022 Hugging Face announced a $100 million Series C round led by Lux Capital, valuing the company at $2 billion; the round was framed as building the GitHub of machine learning.