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05 Sept 2026

Gimlet Labs Raises $300M to Solve AI's Growing Power Crisis with Multi-Silicon Inference Cloud

Gimlet Labs secured $300 million in Series B funding led by Andreessen Horowitz at a $3 billion valuation. The startup addresses AI inference bottlenecks with its disaggregated inference platform that orchestrates heterogeneous compute systems, delivering up to 10X throughput gains while optimizing intelligence per watt across GPUs and specialized accelerators.

2 Sources

04 Sept 2026

Jane Street Signs $13 Billion AI Cloud Deal with Crusoe as Data Center Startup Raises $3 Billion

Crusoe secured a $13 billion five-year cloud contract with proprietary trading firm Jane Street, marking one of the largest AI infrastructure deals of 2025. The data center company simultaneously raised over $3 billion in funding at a $30 billion valuation, with the Jane Street agreement serving as collateral for chip loans.

4 Sources

Thinking Machines AI Startup Pursues $1B Funding Round at $40 Billion Valuation With Accel, Nvidia

Thinking Machines, the AI lab founded by former OpenAI CTO Mira Murati, is raising $1 billion at a $40 billion valuation with Accel leading and Nvidia considering participation. The startup generates over $100 million in annual revenue through its customizable AI models and Tinker platform, though the valuation falls short of the $50 billion target sought late last year.

3 Sources

Ultrahuman Raises $70M From Qualcomm Ventures to Turn Smart Rings Into AI-Powered Computers

Ultrahuman, the Indian smart ring maker, has raised $70 million in a funding round led by Qualcomm Ventures to develop next-generation AI wearables that function as standalone computing platforms. The company plans to integrate Qualcomm silicon into its rings, enabling on-device computing for AI interactions, gesture control, and third-party applications beyond traditional health tracking.

4 Sources

03 Sept 2026

AI Infrastructure Startup Nscale Pursues $3.5B Pre-IPO Financing Backed by $103B in Contracts

British AI compute provider Nscale is in talks to raise $3.5 billion ahead of its New York IPO, including $2 billion from chip supplier Nvidia and $1.5 billion in convertible notes led by Third Point. The two-year-old company reports $103 billion in contracted revenue, with a $45 billion Anthropic deal accounting for nearly half that figure.

8 Sources

Moonshot AI Files for Hong Kong IPO, Targets $3 Billion Raise at $50 Billion Valuation

Chinese AI firm Moonshot AI has confidentially filed for a Hong Kong IPO seeking to raise $3 billion at a $50 billion valuation. The Kimi large language model developer is simultaneously negotiating revenue-sharing agreements with Microsoft, Amazon and Google despite facing potential US trade restrictions.

8 Sources

HiddenLayer Secures $100M as AI Security Market Hits $2.83B, Revenue Grows 10x in One Year

AI security startup HiddenLayer raised $100M in Series B funding led by Delta-v Capital, with participation from Microsoft M12 and Morgan Stanley. The Austin-based company saw annual recurring revenue grow more than 10x over the past year, now reaching tens of millions of dollars, as enterprises rush to protect AI models and agents from adversarial attacks and prompt injection vulnerabilities.

2 Sources

02 Sept 2026

Former Apple Engineers' Physical AI Startup Lyte Raises $165M At $1.6B Valuation

Lyte, founded by former Apple engineers who developed Face ID, raised $165 million in Series C funding at a $1.6 billion valuation to advance robotic perception technology. The physical AI startup builds custom silicon and multimodal sensors to help robots understand their environment with precision, addressing a critical sensing problem before models can act safely.

2 Sources

Wonderful AI Doubles Valuation to $5B in Under 6 Months with $550M Series C Funding Round

Israeli-Dutch enterprise AI software firm Wonderful AI raised $550 million in a Series C funding round led by Insight Partners, doubling its valuation to $5 billion in under six months. Founded in early 2025, the company has grown to 650 employees across more than 35 markets, evolving from a customer service AI agent platform to offering a comprehensive AI operating system.

6 Sources

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