Startups

Why DeepSeek Is Raising $15 Billion After Building Its Name on Doing More With Less

DeepSeek is reportedly wrapping up a roughly $15 billion round led by CATL and Tencent, a war chest that sits awkwardly with its reputation for doing more with less. Here is who is paying, what it adds u

Why Investors Just Handed a Year Old AI Lab 1 Billion Dollars to Use Less Compute

Flapping Airplanes raised a $1 billion Series A at a reported $6 billion valuation to prove AI can be trained on far less data and far fewer GPUs. Its backers include Nvidia, the company selling the chip

Cognition Doubled Its Valuation to $48 Billion in Four

Cognition, the startup behind autonomous coding agent Devin, has raised over $2 billion in a Series E round at a $48 billion valuation, nearly doubling its price tag from $26 billion in May as annualized

ElevenLabs Just Doubled Its Valuation to 22 Billion Without Raising New Money

ElevenLabs has closed a $300 million employee tender offer valuing the voice AI company at $22 billion, doubling its February valuation without raising fresh capital, as its conversational agents now han

Viral AI Agent Startup Instinct Raises $1B Series C at $10B Valuation

Personal AI agent startup Instinct has closed a $1 billion Series C at a $10 billion valuation, a fourfold jump from the $2.5 billion mark it hit just one month earlier, with founder Noah Shinn's 14-pers

Defense Drone Maker Tekever Raised 580 Million Dollars at a 6.4 Billion Valuation

Portuguese-British AI drone maker Tekever has closed the first tranche of a $580 million Series D round at a $6.4 billion valuation, led by UC Investments and Baillie Gifford, nearly five times its price

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