Funding
Stories curated for Funding
OpenAI Tells Investors Annualized Revenue Nears $50 Billion, Below Earlier Signals
OpenAI has told investors its annualized revenue was approaching $50 billion at the end of September, about $20 billion below earlier figures circulating among investors. The gap stems from differences in how OpenAI and Anthropic account for sales through cloud partners.
SoftBank's Masayoshi Son seeks up to $100 billion from Gulf investors for AI acquisition fund
Financial Times reports SoftBank is in early talks with Gulf investors including UAE figures to raise up to $100 billion for a fund that would buy companies and improve operations using AI and robotics.
Oxide Computer raises $445M Series D at scale for on-prem AI clouds
Oxide Computer closed a $445 million Series D led by Eclipse, with AMD Ventures joining, to expand manufacturing of its integrated rack-scale systems as enterprises build owned AI infrastructure.
TypeSafe AI raises $870M at $7.5B valuation for Jev decision model
TypeSafe AI, maker of the non-text Jev model for calibrated decisions, raised about $870 million at a $7.5 billion valuation led by Andreessen Horowitz, just weeks after launch.
Island and Cyera each raise $400M as AI security pays
Island and Cyera each raised $400 million for enterprise security, while Snorkel AI closed $350 million for specialized training data.