Ted Schlein’s Ballistic Ventures seeks $490M for new funds amid AI-driven cybersecurity boom
Ballistic Ventures raises $490M across two funds focused on AI-driven cybersecurity investments.
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Topic
§ Funding & Business
Every story tagged with this topic, ordered by date.
Hiding inside Palantir’s skyrocketing quarter is a foreboding signal
Palantir beats Q3 earnings but enterprise sales growth signals slowdown; stock sentiment mixed despite beat.
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Why Chinese AI stars like Z.ai, MiniMax struggle to match Anthropic’s profit margin
Anthropic's IPO filing reveals significantly higher profit margins than Chinese competitors Z.ai and MiniMax, exposing monetization challenges for China's AI developers.
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Trajectory, which is developing AI model post-training tools for nontechnical customers, raised a $45M Series A led by Sequoia at a $300M valuation (Marina Temkin/TechCrunch)
Trajectory raises $45M Series A from Sequoia for non-technical AI model post-training customization tools.
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Trajectory raises $45M to make AI model training accessible to nontechnical experts
Trajectory raises $45M Series B at $300M valuation to democratize AI model training for non-technical users.
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Sources: institutional investors told Anthropic that its IPO valuation should be around $1.5T to $1.6T, down from estimates of $2T, citing a tech stock selloff (Wall Street Journal)
Institutional investors signal Anthropic IPO valuation $1.5T–$1.6T, down from $2T, citing tech stock selloff.
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Tutor, which is training a frontier robot foundation model and builds AI warehouse robots, raised a $75M Series B led by a16z, taking total funding to $117M (John Werner/Forbes)
Tutor raises $75M Series B (a16z-led) for frontier robot foundation models and warehouse automation, reaching $117M total funding.
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Amended S-1: Anthropic says it has purchase commitments and lease agreements of $895.4B, "substantially all of which is related to compute and infrastructure" (Ashley Capoot/CNBC)
Anthropic's amended S-1 discloses $895.4B in compute and infrastructure commitments, signaling massive capital deployment for training and inference.
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Anthropic reports $17 billion in Q3 revenue, purchase commitments of $895.4 billion in revised S-1
Anthropic reports $17B Q3 revenue and $895.4B purchase commitments in revised S-1 ahead of IPO.
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S-1: Anthropic reports Q3 revenue up 12x YoY to nearly $17B, a net loss of $23.3B, up from $12.1B in Q3 2025, and operating expenses up 292% to $17.5B (Bailey Lipschultz/Bloomberg)
Anthropic S-1 shows Q3 2026 revenue of $17B (+12x YoY), net loss of $23.3B, operating expenses up 292%.
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Anthropic reports $17B in Q3 revenue, commitments of $895B in revised S-1
Anthropic reports $17B Q3 revenue with $895B total commitments in updated S-1 filing for IPO.
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Marvell agrees to acquire optical components maker Lumentum in a $115B deal, as it seeks to rival Broadcom; Nvidia invested $2B in both Marvell and Lumentum (Anhata Rooprai/Reuters)
Marvell acquires Lumentum for $115B to compete with Broadcom in optical networking; Nvidia holds stakes in both.
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OpenAI deepens Abu Dhabi foothold as Sam Altman inks deals spanning energy, government and investment
OpenAI signs four deals with Abu Dhabi government and energy sectors; Sam Altman meets crown prince.
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Filing: Anthropic plans to raise up to $3.5B from Japanese investors as part of its IPO, joining Australia, Canada, and parts of Europe in having direct access (Yasutaka Tamura/Bloomberg)
Anthropic plans $3.5B funding round from Japanese investors as part of US IPO.
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Casap, whose AI tools automate dispute and anti-fraud operations for banks, raised a $56M Series B led by Base10 Partners, bringing its total funding to $90M (Jeff John Roberts/Fortune)
Casap raises $56M Series B for bank dispute and anti-fraud automation; total funding $90M.
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South Korean President Lee Jae Myung vows $15.97B for AI, chips, physical AI, and data centers in the country's 2027 budget, nearly twice the 2026 amount (Reuters)
South Korea pledges $15.97B for AI, semiconductors, robotics, and data centers in 2027 budget—double 2026 spending.
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Nvidia to become Naver’s third-largest shareholder
Nvidia invests $1B in Naver, acquiring 4.54% stake and becoming third-largest shareholder.
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Canada invests CAD1.6 billion in Cohere to build AI independence
Canada invests CAD 1.6B in Cohere to build domestic AI independence from US and China competition.
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Hyperbolic, which lets companies rent AI compute across ~30 neoclouds, raised a $30M Series A-1 led by Lip-Bu Tan's Walden Catalyst; it has raised $50M to date (Geoff Weiss/Business Insider)
Hyperbolic raised $30M Series A-1 to aggregate AI compute rental across ~30 neoclouds; $50M total funding.
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Saudi Aramco acquires a 49% stake in AI startup Humain, contributing ~$2.6B in cash in 2026 plus AI, compute, and digital assets; Saudi Arabia's PIF retains 51% (Dean Takahashi/GamesBeat)
Saudi Aramco acquires 49% stake in AI startup Humain for $2.6B cash and compute assets; PIF retains 51%.
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Lumaril, which develops AI software for optimizing industrial production by connecting to existing control systems, raised a $66M Series A at a $400M valuation (Sarah Klearman/Wall Street Journal)
Lumaril raises $66M Series A at $400M valuation for AI software optimizing industrial production via control system integration.
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OpenAI pares fundraising goal, now seeking up to $20 billion in latest round
OpenAI reduces Series B fundraising target to $20B amid ongoing negotiations; deal not closed.
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OpenAI reportedly lowers funding target for new round
OpenAI reduces fundraising target for current funding round amid market headwinds.
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OpenAI raises less than half of $30B target
OpenAI secures ~$11B in funding commitments, below its $30B target, signaling investor caution on AI infrastructure valuations.
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Sources: OpenAI has secured ~$11B in commitments for its latest funding round, less than half its initial $30B target, and expects to raise more in coming weeks (Berber Jin/Wall Street Journal)
OpenAI secures ~$11B in commitments valuing company at $1.25T, below its $30B target and $1.4T valuation goal.
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Sources: OpenAI now seeks ~$20B at a $1.25T valuation for its latest round, from $30B at a $1.4T valuation, as some investors cut commitments amid an AI selloff (Financial Times)
OpenAI reduces Series B fundraising target to $20B at $1.25T valuation from $30B at $1.4T as investor commitments decline.
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Anthropic to receive high 'junk' rating from credit agencies following IPO
Anthropic may receive speculative-grade credit ratings ahead of potential IPO, reflecting typical pre-profitability AI firm debt patterns.
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Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, report says
Credit agencies expected to assign Anthropic high-yield junk bond rating following planned IPO.
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Alphabet, Meta, Microsoft, Amazon, and Oracle have a collective $3T+ in AI spending commitments over the coming years, including Alphabet's $1T and Meta's $800B (Brody Ford/Bloomberg)
Alphabet, Meta, Microsoft, Amazon, Oracle commit $3T+ to AI capex over coming years; Alphabet pledges $1T, Meta $800B.
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Microsoft, Alphabet, Amazon, Meta, and Oracle returned just 9.3% of cash to shareholders in the first three quarters of 2026, a 15-year low amid AI spending (Patturaja Murugaboopathy/Reuters)
Big Tech returned only 9.3% cash to shareholders in 9M 2026, 15-year low, as capex redirects to AI infrastructure.
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Salesforce acquires Rune, which makes AI military logistics software, sources say for $375M in cash and stock; Rune raised $30m from a16z and others (Margaux MacColl/Resilience Media)
Salesforce acquires Rune Technologies (military logistics AI) for $375M; Rune previously raised $30M from a16z.
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Anthropic may not secure investment-grade rating after IPO, Blackstone says
Blackstone projects Anthropic may not achieve investment-grade credit rating after IPO.
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CXMT reports Q3 revenue of ~$16.7B, up 613.2% YoY, and a net profit of ~$8.17B, swinging to profitability on the back of rising AI-driven memory chip prices (Reuters)
CXMT reports Q3 2026 revenue of $16.7B (+613% YoY) and $8.17B profit, driven by AI-related memory chip demand.
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Cohere Advances C$4 Billion AI Commitment in Canada, Creating 1,500+ Jobs
Cohere commits C$4B to Canadian AI expansion targeting 1,500+ jobs and research infrastructure through 2031.
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Microsoft recorded $10 billion in revenue from OpenAI
Microsoft generated $10B quarterly revenue from OpenAI partnership via revenue-sharing arrangements.
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Microsoft hits 10 quarters of record- breaking revenue in a row
Microsoft reports 10 consecutive quarters of record revenue ($92.3B, +19% YoY), citing AI-driven growth.
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VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more
Amazon's financial return on Anthropic stake via note conversion dwarfs VC returns ahead of IPO.
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Disruptive raises $10B fund to make big bets on at least 10 companies
Disruptive VC closes $10B fund targeting 10+ AI portfolio companies including Groq and ElevenLabs.
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General Compute raises $100 million Series A, countering the neocloud disaster narrative
General Compute raises $100M Series A backing alternative inference chips outside Nvidia ecosystem.
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Nvidia backs Indian startup helping companies run AI models with fewer GPUs
Simplismart, Indian startup optimizing GPU efficiency, grows 14x ARR with U.S. dominance; Nvidia backs infrastructure play.
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Anthropic S-1, The Cost of Compute, Who Is Paying?
Anthropic IPO filing reveals strong unit economics but warns compute cost competition may erode margins and create shareholder dilution.
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[AINews] Anthropic files for $2T IPO in 2 weeks: 1400% growth rate, 48% of revenue through cloud partners, 85% margin, $1B op profit in Q2, $134B cash in bank and $10B lifetime burn
Anthropic files for $2T IPO with 1400% YoY growth, 85% operating margins, $1B Q2 profit, and $134B cash reserves.
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Five weird details from Anthropic’s IPO filing
Anthropic S-1 IPO filing reveals executive compensation, spending plans, and risks including founder pay concentration.
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Anthropic’s IPO filing reveals its strategy for keeping enterprise customers hooked
Anthropic S-1 shows cross-selling strategy driving enterprise stickiness: >50% of $100K+ customers use Claude Platform and first-party apps.
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SpaceX locks in $40B GPU financing deal with Apollo
SpaceX secures binding $40B GPU financing deal with Apollo for AI chips and data center equipment.
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Anthropic officially files for its public debut
Anthropic files for IPO with soaring revenue, mounting losses, major enterprise adoption, and founder-control governance structure.
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Anthropic’s IPO filing lays out a plan to ‘revolutionize every area of human endeavor’ with AI
Anthropic S-1 filing shows $80.7B revenue and IPO plans; stakes Nasdaq ticker ANT with disclosure of risks and future strategy.
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Anthropic files S-1 with the SEC for proposed initial public offering
Anthropic files S-1 registration statement with SEC for proposed initial public offering of Class A common stock.
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Anthropic tells investors quarterly revenue up nearly 50% to $16.8bn ahead of IPO
Anthropic reported Q3 revenue of $16.8bn (50% QoQ growth), $1.70 revenue-per-compute-dollar, and 11% adjusted operating margins ahead of IPO.
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[AINews] Modal’s $1B ARR, $16B Series D makes it NYC’s newest AI Infra Decacorn, 3x usage and 3x valuation in 5 months, 15x in 1 yr
Modal raises $16B Series D at $1B ARR valuation, achieving decacorn status with 3x usage growth in 5 months.
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