Brett Adcock's Hark Raises $700M for AI Interface
Brett Adcock's AI lab Hark has closed a $700M Series A at a $6B valuation before shipping a single product, with chip companies AMD, Intel, Qualcomm, and NVIDIA all backing the bet.
Articles Tagged "Funding"
Anthropic Nears First Profit as Q2 Revenue Hits $10.9B
Anthropic projects $10.9B in Q2 revenue and its first-ever $559M operating profit, two years ahead of its own 2028 guidance - but the xAI compute bill arrives in full next quarter.
LetinAR Scores $18M for the Optics Behind AI Glasses
South Korean startup LetinAR raises $18.5M to scale its PinTILT optical modules, which already power AI glasses and AR helmets as shipments hit 8.7 million units globally in 2025.
Cerebras $5.5B IPO Pops 68% - Biggest US Tech Debut Since 2020
Cerebras raised $5.55B and surged 68% on Nasdaq debut, the largest US tech IPO since Snowflake in 2020, but a 200x revenue multiple and a single-customer backlog tell a more complicated story.
Anthropic and Gates Foundation put $200M on global AI
Anthropic commits $200M in grants, Claude credits, and technical support to the Gates Foundation for AI in global health, education, and agriculture over four years.
Anthropic Tops OpenAI in Business Adoption for First Time
Ramp's May 2026 AI Index shows 34.4% of businesses now pay for Anthropic, edging out OpenAI at 32.3% - the first time Anthropic has led in enterprise adoption.
Vapi Raises $50M After Amazon Ring Picks It Over 40 Rivals
Vapi closes a $50M Series B at $500M valuation after Amazon Ring routed 100% of its inbound calls through the platform, chosen over 40 competing voice AI vendors.
Cowboy Space Raises $275M to Build Its Own Rockets
Baiju Bhatt's orbital AI compute startup raises $275M at a $2B valuation and plans to build its own rockets to bypass SpaceX and Blue Origin bottlenecks.
OpenAI, Anthropic Launch $11.5B Enterprise AI Bets
OpenAI and Anthropic announced rival PE-backed enterprise AI services ventures on the same day, each deploying forward-deployed engineers into corporate clients via private equity distribution.
Nvidia Bets $40B on Its Own AI Customers
Nvidia has crossed $40 billion in equity commitments this year, investing in the same AI companies that buy its chips - raising serious questions about circular money flows in the ecosystem.
Moonshot AI Goes From $4.3B to $20B in Six Months
Moonshot AI closed a $2B round at a $20B valuation, four-times its end-2025 value, on the strength of its Kimi open-weight models and $200M ARR.
DeepSeek Nears $45B as China's Big Fund Leads Round
China's state semiconductor fund is leading DeepSeek's first-ever VC raise at a $45B valuation, signaling a strategic shift from chip investment to backing AI model labs directly.
