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02 May 2026

AI chipmaker Cerebras targets $3.5 billion in IPO backed by massive OpenAI partnership

Cerebras Systems is preparing to sell 28 million shares at $115 to $125 each, targeting a $26.6 billion market cap in what could be 2026's largest tech IPO. The AI chipmaker's wafer-scale chips compete directly with Nvidia, and its $20 billion OpenAI deal anchors investor confidence despite customer concentration risks.

11 Sources

01 May 2026

Featherless.ai secures $20M Series A to scale serverless hosting for open-source AI models

Featherless.ai announced $20 million in Series A funding led by AMD Ventures and Airbus Ventures to expand its serverless inference platform. The startup hosts over 30,000 open-source AI models and plans to build a marketplace for specialized models while reducing infrastructure costs for enterprises seeking alternatives to proprietary AI systems.

2 Sources

Deep-Tech Startup Ctruh Raises $2.5M Seed Funding to Build Spatial Internet Infrastructure

Bengaluru-based deep-tech startup Ctruh raises $2.5 million seed funding led by Inflection Point Ventures to advance its browser-native 3D engine and VersaAI generative AI platform. The company aims to democratize immersive 3D and XR experiences, enabling businesses to deploy high-fidelity spatial content in under 30 minutes without specialized hardware or engineering teams.

2 Sources

30 Apr 2026

Nvidia backs legal AI startup Legora at $5.6 billion as rivalry with Harvey intensifies

Nvidia's venture arm NVentures has made its first legal AI investment, backing Swedish startup Legora in a $50 million Series D extension that values the company at $5.6 billion. The investment comes as Legora crosses $100 million in annual recurring revenue and intensifies its competition with U.S. rival Harvey, which recently hit an $11 billion valuation.

3 Sources

Netomi raises $110 million as Accenture and Adobe bet big on AI customer service

San Francisco-based Netomi secured $110 million in Series C funding led by Accenture Ventures, with Adobe Ventures participating. The AI customer service startup, which serves United Airlines, Delta, and Paramount, plans to move beyond chatbots toward proactive AI agents that resolve issues before customers even notice them.

5 Sources

Medical AI startup Aidoc raises $150M from Goldman Sachs and Nvidia, eyes IPO within five years

Medical AI provider Aidoc secured $150 million in a Goldman Sachs-led funding round, with participation from Nvidia's NVentures, General Catalyst, and SoftBank Investment Advisors. The company, which has now raised $520 million total, plans to use proceeds for regulatory approvals and building comprehensive AI models while targeting an IPO in three to five years.

2 Sources

29 Apr 2026

Former Junior Bankers Build $2 Billion AI Tool to Transform Investment Banking Grunt Work

Rogo Technologies, founded by ex-bankers frustrated with spreadsheets and slide decks, just raised $160 million at a $2 billion valuation. The AI tool automates financial analysis for over 35,000 users at firms like JPMorgan and Bank of America. But as the platform reshapes Wall Street workflows, concerns grow about junior bankers job displacement and the future of entry-level finance roles.

3 Sources

Parag Agrawal's Parallel Web Systems hits $2B valuation with AI agents infrastructure raise

Former Twitter CEO Parag Agrawal's Parallel Web Systems secured $100 million in Series B funding led by Sequoia Capital, pushing its valuation to $2 billion. The AI agent-tool startup builds specialized APIs that enable autonomous AI agents to search and extract web information more efficiently than traditional methods, serving over 100,000 developers.

3 Sources

28 Apr 2026

Manifest Secures $60M Series A to Transform Legal Services with AI-Powered Platform

AI legal software startup Manifest has raised $60 million in Series A funding at a $750 million valuation, marking the largest legal tech Series A ever. Founded by Dan Mishin, the company aims to end the billable hour model by empowering lawyers with AI tools that double their income while making legal services more accessible through outcomes-based pricing.

2 Sources

27 Apr 2026

David Silver raises $1.1B for AI that learns without human data, challenging LLM dominance

Former DeepMind researcher David Silver has secured $1.1 billion in record-breaking seed funding for Ineffable Intelligence at a $5.1 billion valuation. The London-based startup aims to build a 'superlearner' AI using reinforcement learning rather than human-generated data, directly challenging the large language model paradigm that currently dominates the AI industry.

11 Sources

Sereact Raises $110 Million to Scale AI Robotics Software That Predicts Robot Actions

German robotics software company Sereact has secured $110 million in Series B funding to develop Cortex 2.0, an AI model that enables robots to predict consequences before acting. The Stuttgart-based startup, backed by Headline and deploying systems at BMW and Daimler Truck, plans to expand into the US market while scaling its vision-language-action technology across manufacturing and logistics operations.

5 Sources

25 Apr 2026

Stanford Professor James Zou targets $1 billion valuation for AI physiology startup

Stanford's James Zou is raising approximately $100 million at a $1 billion valuation for Human Intelligence, an AI startup focused on human physiology research. The company builds on Zou's decade of research, including FDA-cleared cardiac AI and disease prediction models that analyze sleep data to detect conditions years before symptoms appear.

2 Sources

24 Apr 2026

Cohere and Aleph Alpha merge to create $20 billion transatlantic AI powerhouse

Canadian AI company Cohere is acquiring German AI startup Aleph Alpha in a deal valuing the combined entity at $20 billion. Backed by both governments, the merger aims to offer businesses and nations a sovereign AI alternative to Silicon Valley dominance, with Schwarz Group committing $600 million in fresh investment.

12 Sources

AI coding firm Cognition seeks funding at $25 billion, fueled by SpaceX-Cursor deal momentum

Cognition AI is in early talks to raise hundreds of millions of dollars at a $25 billion valuation, more than doubling its worth from $10.2 billion. The AI coding startup, known for its Devin AI software engineer, has seen increased investor interest following SpaceX's $60 billion agreement to acquire rival Cursor. The move highlights surging demand for AI-powered software development tools.

2 Sources

23 Apr 2026

Cloudsmith Secures $72M Series C as AI Coding Agents Outpace Human Code Review

Belfast-based Cloudsmith raised $72 million in Series C funding led by TCV, with Insight Partners participating. The investment comes just 13 months after its $23 million Series B, as enterprises struggle to manage the unprecedented volume of software generated by AI coding agents. The company's artifact management platform is positioning itself as the critical security layer when human review can no longer keep pace.

4 Sources

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