Vantora raises $100m to build AI startups that its industrial customers end up owning
The pitch is that some of the best industrial AI ideas never get built, because no customer will let its own operations be turned into a product for rivals.
The Business of AI — Page 5
Funding rounds, acquisitions, revenue, enterprise adoption and the commercial strategy behind the companies building artificial intelligence.
The same company, the same data and roughly the same technique produced one model that shipped and one that did not. The difference was which way the money pointed.
Manus is raising $500m at a $4bn valuation, five months after Beijing blocked its sale to Meta
Early investors bought shares back at around $2bn during the separation. The new round would double that price.
Nscale files to list in New York on the strength of a $44.6bn contract with Anthropic
The London company was worth $14.6bn privately in March. Reports put the listing target at about $30bn.
Anthropic pushes its listing to November so it can show investors a third quarter first
The extra weeks let Anthropic put Q3 numbers in front of investors after OpenAI shipped Astra. Bankers are discussing a valuation near $2tn.
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- A one-month-old DeepMind spinout is reported to be raising $700m at a $3.7bn valuation
- Vishal Sikka's Hang Ten Systems adds $53m to its seed funding, bringing the total to $85m
- Japan's CADDi raises ¥17.7bn at a ¥182bn valuation to build AI for manufacturing drawings and data
- ByteDance's spun-off AI drug discovery unit Anew Labs raises $290m in its first outside round
- Ten banks are lending $22bn to Crux AI, the Blackstone and Alphabet cloud venture built on Google TPUs
- Arcee AI raises a Series B at a valuation above $1bn to build more open-weight Trinity models
- Cohere and Aleph Alpha sign their merger agreement, with Berlin as a second headquarters
- OpenAI tests Sponsored Agents, letting ChatGPT users chat with a brand's agent after clicking an ad
- Brands are paying Profound to see how chatbots describe them, and investors now value it at $1.8bn
- AIUC raises $40m to audit and insure AI agents, and says frontier models are next
- Harvey raises $550m at a $15.5bn valuation, six months after it was worth $11bn
- OpenAI buys Glass Imaging, a camera startup run by the engineers behind Apple's Portrait Mode, WSJ reports
- Stockholm's Tandem Health raises $100m, the first healthcare bet for the EU-backed Scaleup Europe Fund
- Temporal raises $550m at a $12.55bn valuation as AI agents lean on its recovery software
- Z.ai raises about $5bn in Hong Kong, two months after a $4bn share sale
- Anthropic tells investors it expects a second straight quarter of adjusted operating profit, FT reports
- SoftBank takes an upsized $11.9bn loan from about 20 banks to keep funding its OpenAI stake
- Anthropic picks Nasdaq for the listing it hopes to complete in October, Business Insider reports
- Altman rules out an OpenAI IPO in 2026, calling it an ill-advised moment given safety concerns