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Legal AI Start-Up Legora Targets $10bn Valuation Just Months After Previous Funding Round

Swedish legal AI start-up Legora is pursuing a new funding round at over $10bn valuation, nearly double the $5.6bn it achieved in April. The company's annual recurring revenue jumped 50% to $150mn in Q2 2024, while customer count grew 25% to 1,500 firms including Linklaters and Deloitte.

Startups2 sources

Legal AI Start-Up Legora Targets $10bn Valuation Just Months After Previous Funding Round

Startups2 sources

HSBC Investment Backs Model ML AI Platform as Financial Services Embrace Model-Agnostic Solutions

HSBC Asset Management invested in Model ML through its venture capital strategy to support the AI modeling firm's expansion. Model ML has raised over $100 million in less than two years, offering a model-agnostic approach that automates research, due diligence, and financial analysis for banks and asset managers.

Startups2 sources

HSBC Investment Backs Model ML AI Platform as Financial Services Embrace Model-Agnostic Solutions

Startups2 sources

Lovable Secures $400M Series C Funding, Doubles Valuation to $13.3B in Eight Months

Swedish AI coding startup Lovable raised $400 million in Series C funding at a $13.3 billion valuation, doubling from December's $6.6 billion. The vibe-coding platform enables non-technical users to build full-stack web applications using plain English, with Fortune 500 companies including NVIDIA and Adidas among its enterprise clients.

Startups5 sources

Lovable Secures $400M Series C Funding, Doubles Valuation to $13.3B in Eight Months

Startups5 sources

Thrive Holdings Raises $2 Billion to Scale AI Integration Across Enterprise Sectors

Josh Kushner's Thrive Holdings secured $2 billion at a $12 billion valuation from SoftBank, D1 Capital Partners, and Altimeter Capital to expand its AI-focused private equity model. The firm buys traditional businesses like accounting and IT firms, embedding OpenAI engineers to rebuild workflows with AI-driven platforms that have cut tax prep times by 30% and accelerated help desk resolution by 36 times.

Business3 sources

Thrive Holdings Raises $2 Billion to Scale AI Integration Across Enterprise Sectors

Business3 sources

Kevin Weil seeks $150M for AI startup to gather scientific data, four months after leaving OpenAI

Former OpenAI chief product officer Kevin Weil is raising $150 million for a new AI science startup at a $750 million valuation, just four months after departing the company. The venture aims to gather scientific data for AI models, though details about its product and data collection methods remain undisclosed.

Startups2 sources

Kevin Weil seeks $150M for AI startup to gather scientific data, four months after leaving OpenAI

Startups2 sources

Blacksmith Secures $45M Series B at $550M Valuation as AI Code Validation Demand Surges

AI code-testing startup Blacksmith raised $45 million in Series B funding led by Peak XV Partners, reaching a $550 million valuation. The round comes as demand for AI code validation tools accelerates, with the company now serving over 5,000 customers and experiencing 5-10% weekly job growth since early 2026.

Startups3 sources

Blacksmith Secures $45M Series B at $550M Valuation as AI Code Validation Demand Surges

Startups3 sources

Team8 Raises $365 Million to Back AI-Native Companies as Enterprise Security Concerns Mount

Israeli venture fund Team8 has closed $365 million to invest in AI-native companies building cybersecurity and infrastructure solutions. The fundraising comes as 97% of enterprises adopt AI agents while security confidence remains critically low at 2.32 out of 5, highlighting urgent gaps in governance and visibility.

Startups2 sources

Team8 Raises $365 Million to Back AI-Native Companies as Enterprise Security Concerns Mount

Startups2 sources

Skan AI Raises $63M Series C to Build AI Agents by Watching How Employees Actually Work

Process intelligence company Skan AI secured $63 million in Series C funding co-led by Cathay Innovation and Dell Technologies Capital. The platform records and analyzes employee workflows through desktop observation, then builds AI agents that replicate the work. Seven of the ten largest US banks already use the system.

Startups3 sources

Skan AI Raises $63M Series C to Build AI Agents by Watching How Employees Actually Work

Startups3 sources

CodeRabbit raises $143 million at $1.5 billion valuation to manage AI-generated code explosion

CodeRabbit closed a $143 million Series C funding round at a $1.5 billion valuation, co-led by Atomico and Smash Capital. The AI-powered code review platform launched Agentic Change Management to help companies govern the surge in AI-generated code. With over 17,000 customers including Nvidia and BMW, CodeRabbit processes more than 2 million code reviews weekly.

Technology7 sources

CodeRabbit raises $143 million at $1.5 billion valuation to manage AI-generated code explosion

Technology7 sources

Cognition AI in Talks for $40 Billion Valuation as Devin Revenue Doubles to Near $1 Billion

Cognition AI, maker of the AI agent Devin, is reportedly negotiating a new funding round that could value the AI coding startup at $40 billion—a 50% jump from its $26 billion valuation just three months ago. The company's annualized revenue run rate has nearly doubled to approach $1 billion, attracting investor interest in one of AI's hottest sectors.

Startups7 sources

Cognition AI in Talks for $40 Billion Valuation as Devin Revenue Doubles to Near $1 Billion

Startups7 sources

Amex Ventures Invests in Fazeshift to Expand AI Agent Platform Beyond Accounts Receivable

Amex Ventures has invested in Fazeshift, an autonomous finance startup that automates accounts receivable workflows. The investment builds on Fazeshift's $22 million Series A and will fuel the company's expansion beyond accounts receivable toward a comprehensive CFO suite for autonomous finance.

Business2 sources

Amex Ventures Invests in Fazeshift to Expand AI Agent Platform Beyond Accounts Receivable

Business2 sources

Oracle Plans New Round of Layoffs in August as AI Infrastructure Spending Hits $55.7 Billion

Oracle is preparing fresh job cuts this month, potentially affecting double-digit percentages on some teams. The move comes as the company spent $55.7 billion on AI data center expansion in fiscal 2026 while raising $43 billion through debt to fund its aggressive AI infrastructure push.

Business5 sources

Oracle Plans New Round of Layoffs in August as AI Infrastructure Spending Hits $55.7 Billion

Business5 sources

Accel Closes Oversubscribed $550M India Fund Within Weeks, Eyes AI Startups and Advanced Manufacturing

Accel has closed a new $550 million India fund in just weeks, less than two years after its previous raise, as part of a coordinated $3.5 billion global fundraising effort. The oversubscribed fund signals renewed investor confidence in India's startup ecosystem despite having 55% of its previous $650 million fund still available.

Business3 sources

Accel Closes Oversubscribed $550M India Fund Within Weeks, Eyes AI Startups and Advanced Manufacturing

Business3 sources

Anthropic races toward record $2 trillion IPO as revenue run rate soars to $65 billion

Anthropic reported a $65 billion annual revenue run rate by July's end, up from $47 billion in May and $9 billion at 2025's close. The AI startup led by Dario Amodei now targets an October IPO that could value the company at $2 trillion or more, making it the largest public offering ever and testing investor appetite amid rising AI costs and regulatory pressure.

Business28 sources

Anthropic races toward record $2 trillion IPO as revenue run rate soars to $65 billion

Business28 sources

River AI raises $1.1 billion to rebuild AI models from scratch for personalized enterprise use

River AI, founded by xAI co-founder Igor Babuschkin, secured $1.1 billion in a funding round led by General Catalyst and AMP PBC. The 2-month-old startup aims to help enterprises train and own open-source AI models rather than rent general-purpose ones, promising reinforcement learning runs in 15 to 20 minutes at two to four times lower cost than closed-source alternatives.

Startups7 sources

River AI raises $1.1 billion to rebuild AI models from scratch for personalized enterprise use

Startups7 sources

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