Funding
Latest news, analysis, and insights about Funding.
OpenAI-Backed Chai Discovery Hits $1.3B Valuation With Foundation Models for Drug Discovery
Chai Discovery just raised $130M at a $1.3 billion valuation, with OpenAI among its backers. The startup is applying foundation model techniques to predict molecular interactions—and it signals a broader AI-biotech convergence.
Lightspeed's $9 Billion War Chest Signals Venture Capital's Deepening AI Conviction
Lightspeed Venture Partners just closed a record $9 billion in fresh capital, with AI startups firmly in its sights. The massive raise signals that top-tier VCs see plenty of runway left in the AI boom—and are positioning to capture it.
Fal's $140M Series D signals Sequoia's big bet on AI infrastructure for developers
In a market where AI valuations are under intense scrutiny, Fal just pulled off something remarkable: tripling its valuation to $4.5 billion in five months flat. Sequoia's leading the $140M Series D, and the numbers tell a story worth paying attention to.
Former Databricks AI Chief Raises $475M Seed at $4.5B to Build Brain-Inspired Computers
A two-month-old startup just raised $475 million at a $4.5 billion valuation. Unconventional AI, founded by former Databricks AI head Naveen Rao, is betting that the future of AI computing looks a lot more like your brain than your GPU.
Enterprise AI Spending Surges to $37 Billion as Startups Dominate the Application Layer
Enterprise spending on generative AI has exploded from $1.7 billion in 2023 to $37 billion in 2025, now capturing 6% of the global SaaS market. But here's the real story: startups are winning, taking $2 for every $1 incumbents earn at the application layer.
Together AI's $3.3B Bet: Why VCs Are Pouring Hundreds of Millions Into Open Source AI
Together AI just raised $305M at a $3.3B valuation—backed by NVIDIA, Salesforce, and General Catalyst. They're betting the future of AI is open source, and they're building the infrastructure to prove it.