AI
DeepSeek Raised $7.4 Billion Last Month at $50 Billion. Now It Wants $1.5 Billion More and a 2027 IPO
DeepSeek raised $7.4B in June at a $50B valuation. Bloomberg reports it's already in talks for another $1.5B at $71B - and targeting a 2027 IPO.
AI
Ollama Raises $65M Series B, Now at 8.9 Million Developers
Ollama raised $65M Series B, led by Theory Ventures and Benchmark. The platform counts 8.9 million developers and adds nearly 1M installs weekly.
AI
Norm AI Raises $120 Million at $1.2 Billion - an AI Law Firm That Bills by Results, Not Hours
Norm AI raised $120 million at $1.2 billion today. Khosla leads, with Vanguard and TIAA also in. Its AI law firm bills by outcomes, not hours.
AI
TwelveLabs Raises $100M and Signs AWS Trainium Deal to Scale Video AI
TwelveLabs raised $100M Series B with Amazon signing on as preferred cloud partner - new models will optimize for AWS Trainium and launch there first.
AI
Together AI Raises $800 Million at $8.3 Billion to Run Open-Source Models at Enterprise Scale
Together AI raised $800 million in a Series C at an $8.3 billion valuation. Customers including Cursor and Cognition report 6x to 60x cost savings over closed models.
Startups
Reflection AI Is Paying SpaceX $150 Million a Month. No Model Has Shipped.
Reflection AI started paying SpaceX $150 million a month on July 1 for Nvidia GB300 access at Colossus 2. No model has shipped yet.
AI
California Takes Claude at 50% Off as Federal Government Calls Anthropic a Risk
California signed a deal giving all state agencies Claude at 50% off. Three months earlier, the Pentagon declared Anthropic a supply-chain risk.
AI
OpenAI IPO Delay: SoftBank Falls 12% as $1 Trillion Listing Eyes 2027
OpenAI IPO delay reports sent SoftBank shares down 12% on June 26. CFO Sarah Friar is pushing for 2027 amid $600 billion in spending commitments.
Startups
The Agentic Infrastructure Play: What Supabase's $10.5 Billion Round Actually Means
Earlier this month, Supabase raised $500M at a $10.5B valuation. Claude Code is now its largest source of new databases. Here is what the numbers actually mean.
Tech
SpaceX Raises $75 Billion in the Biggest IPO in History, Making Elon Musk a Trillionaire
SpaceX raised $75 billion in the largest IPO ever on June 12, 2026. Shares surged 19% to $160.95 on debut, making Elon Musk the world's first trillionaire.