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In May 2026 The Standard reported that StepFun had completed a funding round of about US$2.5 billion ahead of a planned Hong Kong listing, after converting into a joint-stock company in April.
In May 2026 Anthropic raised $65 billion at a $965 billion valuation, a Series H round that mixed new capital with $15 billion of earlier hyperscaler commitments, including $5 billion from Amazon.
In early 2026 OpenAI assembled a private funding round that grew from $110 billion to $122 billion in committed capital, closing on 31 March 2026 at an $852 billion post-money valuation, with Amazon, SoftBank, Nvidia and Microsoft among the backers.
On 12 February 2026 Anthropic announced a $30 billion Series G at a $380 billion post-money valuation, led by GIC and Coatue, with run-rate revenue of $14 billion and Claude Code alone above $2.5 billion.
On 28 January 2026 StepFun announced a Series B+ funding round of more than 5 billion yuan, described as a record for China's AI model sector. Yin Qi became chairman, while Jiang Daxin remained CEO.
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.
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.
Anthropic announced a $13 billion Series F on 2 September 2025 at a $183 billion post-money valuation, led by ICONIQ, as run-rate revenue passed $5 billion and Claude Code passed $500 million.
On 14 August 2025 Cohere announced a $500 million funding round at a $6.8 billion valuation, led by Radical Ventures and Inovia Capital. It also hired a chief AI officer and a CFO.
In July 2025 Thinking Machines Lab raised about $2 billion in an early-stage round led by Andreessen Horowitz at a $12 billion valuation, months after Mira Murati founded the company and before it released a product.
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.
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.
In spring 2025 OpenAI raised $40 billion at a $300 billion post-money valuation in a round led by SoftBank Group, with about 500 million weekly ChatGPT users and 20 million paid subscribers as the backdrop.
In March 2025 Anthropic raised $3.5 billion in a Series E round led by Lightspeed Venture Partners, at a $61.5 billion post-money valuation, with run-rate revenue around $1 billion.
In March 2025 a Greenoaks-led round valued Safe Superintelligence at $30 billion, six times its September 2024 valuation, for a company with no revenue and about 20 employees.
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.
In July 2024 Baichuan announced a round of about 5 billion yuan from investors including Alibaba, Tencent and Xiaomi, valuing the company at more than 20 billion yuan.
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.
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 .
On 31 August 2023, AI21 Labs announced a $155 million Series C round with Google and Nvidia among the new investors, bringing its total capital raised to $283 million at a reported $1.4 billion valuation.
