Funding & Deals

OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation

OpenAI has reportedly raised an additional $11 billion as part of a funding round that hasn't closed yet but is expected to in the coming weeks.

Also reported by The Verge, SiliconANGLE and The Decoder

Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation

Despite the tech selloff, Anthropic is pressing ahead with its IPO at a valuation of $1.25 to $1.75 trillion, well below the hoped-for $2 trillion. The Claude developer aims to raise $80 to $100 billion before Thanksgiving. Rival OpenAI has also recently had to cut its valuation. The article Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation appeared first on The Decoder.

Dropbox Plans $350M AI Infrastructure Deal With Tigris Buy, Its Biggest Acquisition Yet

Dropbox announced Thursday plans to acquire Tigris Data for $350 million in a transaction the company told Crunchbase News would mark its largest acquisition since its founding in 2007. Founded by former Uber engineers, Sunnyvale, California-based Tigris is building a network of localized data storage centers that it claims can meet the distributed compute needs of modern AI workloads. Tigris has raised about $31.9 million since its founding in 2021, per Crunchbase data. Its October 2025 Series

Also reported by TechCrunch

Meta acquires AI coding startup Conductor

The startup allows software engineers to deploy teams of agents to work on various aspects of a project simultaneously.

Also reported by SiliconANGLE

OpenAI to acquire Pierre Computer Company, Inc.

OpenAI will acquire Pierre Computer Company, expanding Codex’s tools for building, understanding, and reviewing code.

Also reported by SiliconANGLE

AI inference startup Fal doubles its valuation to $16B as demand surges

The five-year-old startup raised a $1.3 billion round led by Bessemer.

Also reported by SiliconANGLE

Palo Alto Networks in talks to buy AI agent security startup Clutch for $500M

Clutch, backed by Lightspeed and SignalFire, was last valued at $85 million, according to a source.

OpenAI president Greg Brockman says company could be IPO ready in 2027

OpenAI president Greg Brockman says the company could be ready to go public in 2027, pointing to accelerating enterprise revenue and a turnaround in its business.

Chinese regulators block SoftBank’s $5.4B acquisition of ABB Robotics

ABB Robotics has about 7,000 employees, and its U.S. headquarters and factory are in Auburn Hills, Mich. | Source: ABB Robotics It has been more than a year since ABB announced it singed an agreement to sell its robotics division to the Japanese tech giant SoftBank Group. The $5.375 billion deal is now being blocked by Chinese regulators, ABB confirmed to The Robot Report. China‘s Office of the Working Mechanism for Foreign Investment Security Review has prohibited the acquisition in the c

Agility Robotics begins trading on Nasdaq

Agility Robotics began trading on the Nasdaq Stock Market this morning under the ticker “AGLT,” after the company completed its merger with special-purpose acquisition company, or SPAC, Churchill Capital Corp XI. Agility’s stock opened at $11.26 per share, which was above the $10 per share price used in the SPAC deal. The Salem, Ore.-based company‘s stock was at $10.30 as of press time. “Today marks an important milestone for Agility, but the bigger story is what it me

AI cloud startup Applied Compute raises $350M after reaching key revenue milestone

Applied Compute Inc., a fast-growing provider of artificial intelligence infrastructure, has raised $350 million in funding at a $3.25 billion valuation. The startup announced the deal on Monday. It stated that prominent angel investor Elad Gil led the round with participation from Nvidia Corp., Shopify Ventures, HubSpot Ventures and over a dozen others. Applied Compute […] The post AI cloud startup Applied Compute raises $350M after reaching key revenue milestone appeared first on Silicon

Salesforce to buy customer service automation startup Cresta for reported $2.7B

Salesforce Inc. has agreed to buy Cresta Intelligence Inc., a venture-backed provider of customer service software. The cloud giant didn’t disclose the financial terms in its late Monday announcement of the deal. The Information reported that Salesforce is paying $2.7 billion. Cresta’s platform uses artificial intelligence to answer customer inquiries. It can also perform more […] The post Salesforce to buy customer service automation startup Cresta for reported $2.7B appeared first on Sil

Anthropic is still grappling with the economics of compute

At a moment when Anthropic's compute margins should be getting better, they’re getting worse.

The Week’s 10 Biggest Funding Rounds: AI, Defense And Space Tech Lead For Large Rounds

Want to keep track of the largest startup funding deals in 2026 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The Crunchbase Megadeals Board. This is a weekly feature that runs down the week’s Top 10 announced funding rounds in the U.S. Check out last week’s biggest funding deal roundup here. This week brought another plethora of large funding rounds for startups and growth-stage companies. Shield AI, a defense tech player focused on autonomy and vir

Exclusive: Nurx And Journey Clinical Co-Founders Raise $6M For Mental Health Startup Siggy

Siggy has raised $6 million in pre-seed funding to build a mental health service that uses AI to collect patients’ histories and track progress between appointments with licensed clinicians, the startup told Crunchbase News exclusively. The company brings together two founders who previously built businesses that help patients get treatment outside a traditional doctor’s office. Jonathan Sabbagh co-founded Journey Clinical, which supports practices offering ketamine-assisted psychotherapy, and E

Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom

Cybersecurity focused Ballistic Ventures is seeking to raise $360 million for a new flagship fund and another $130 million for a separate investment vehicle.