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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StepFun completes a US$2.5 billion round ahead of a Hong Kong IPO
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.
Anthropic raises $65 billion
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.
OpenAI raises $122 billion at an $852 billion valuation
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.
StepFun raises a record 5 billion yuan and names Yin Qi chairman
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.
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.
Cohere raises $500 million at a $6.8 billion valuation
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.
Thinking Machines Lab raises about $2 billion at a $12 billion valuation
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.
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.
OpenAI raises $40 billion at a $300 billion valuation
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.
Anthropic raises $3.5 billion at a $61.5 billion valuation
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.
Safe Superintelligence is valued at $30 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.
Baichuan raises 5 billion yuan from Alibaba, Tencent and Xiaomi
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.
AI21 Labs closes $155 million Series C
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.
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.