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09 Sept 2026

Harvey Raises $550M at $15.5B Valuation, Acquires Guardrails AI as Legal AI Competition Heats Up

Legal AI startup Harvey closed a $550 million funding round at a $15.5 billion valuation, marking a 42% increase since March. The company also acquired AI agent security startup Guardrails AI while unveiling its first custom model, Harvey Tenet, as it races to dominate the legal services market against growing competition from Anthropic and OpenAI.

8 Sources

Celero Raises $275M to Connect AI Chips with Coherent DSP Technology at $3B Valuation

Celero Communications secured $275 million in Series C funding at over $3 billion valuation for its coherent digital signal processors that transmit AI data through fiber optic cables. The two-year-old startup validated a 2nm chip but hasn't started production yet.

3 Sources

Cognition Raises $2 Billion at $48 Billion Valuation as AI Coding Market Heats Up

AI coding startup Cognition announced a $2 billion Series E funding round at a $48 billion valuation, nearly doubling its $26 billion valuation from May. The company's run-rate revenue surged from $492 million to $900 million in just four months, with enterprise customers including Nvidia, Goldman Sachs, and Mercedes-Benz rapidly expanding adoption of its AI software engineer Devin.

8 Sources

08 Sept 2026

Mistral AI Secures €3B to Build Europe's Sovereign AI Champion at €21B Valuation

French AI lab Mistral AI has raised €3 billion at a €21 billion valuation in Europe's largest-ever tech funding round. Led by Samsung Electronics, the Series D funding will help Mistral build AI infrastructure and position itself as a sovereign alternative to U.S. giants like OpenAI and Anthropic.

18 Sources

07 Sept 2026

Voice AI Startup Navana.ai Raises Rs 40 Crore in Series A Funding Led by Ronnie Screwvala

Bengaluru-based Navana.ai has secured Rs 40 crore in Series A funding led by entrepreneur Ronnie Screwvala. The voice AI startup will deploy the capital to expand in the BFSI sector and enhance its proprietary speech models covering 12 Indian languages and 45 dialects, having already processed over 100 million voice AI minutes for enterprise clients.

4 Sources

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

28 Aug 2026

Andreessen Horowitz Launches $1.1B Machine Age Fund to Accelerate AI Infrastructure Buildout

Andreessen Horowitz announced a new $1.1 billion Machine Age Fund focused exclusively on AI infrastructure hardware. The venture capital firm will invest in everything from computer chips and memory to data centers and robotics as hardware startups now represent over 20% of its deal flow. The fund addresses critical supply chain bottlenecks as AI computing capacity demands surge.

7 Sources

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